Life Insurance Company of Alabama

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Home Office

	302 Broad Street Gadsden, AL 35901 256-543-2022
Office Hours
Mon - Thur 8:15 am - 4:45pm CST
Friday 8:15am - 12:15pm CST



	Life Insurance Company of Alabama is a MULTI-MILLION DOLLAR financial institution. The company now has over 79 Million Dollars in assets.

Summary of Annual Report

	2007
Insurance in force	$1,874,714,000
Total assets	$79,199,132
Premium income last year	$37,247,468
Payments made to policy owners and beneficiaries during the past year	$20,002,529

Assets, Liabilities, Capital & Surplus

Assets	2007
Bonds	$65,461,286
Stocks	$3,784,619
Other Invested Assets	$896,733
First Mortgages on Real Estate	$0
Real Estate	$550,480
Data-processing Equipment & Software	$37,938
Cash & Short Term Investments	$1,352,396
Loans to Policyholders	$2,644,396
Premiums Considerations Deferred and Uncollected	$2,528,551
Investment Income Due and Accrued	$959,416
Receivable for Securities	$0
Net Deferred Tax Asset	$175,402
Other Assets	$807,894
Total	$79,199,132
Liabilities, Capital & Surplus
Legal Reserves on Policy Contracts	$51,960,288
Reserve for Contract Claims	$7,245,478
Other Policyholders Funds	$31,582
Policy Contract Liabilities not Included Elsewhere	$147,126
Advance Premiums	$457,319
Accrued Expense and Reserve for Taxes	$1,450,533
Security Valuation Reserve	$769,179
Other Liabilities	$505,233
Paid in Capital	$1,500,000
Accumulated Surplus	$15,132,394
Total	$79,199,132

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302 Broad Street, Gadsden, AL 35901 | Phone: 1-800-226-2371
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