April 13, 2016
Milwaukee, Wis.– Catholic Financial Life reported net income of $9.6 million and sales of first‐ year annual pay life insurance grew by 10 percent to a historic high of $2.044 million for 2015. In addition, total adjusted capital including surplus increased to a record $66.3 million.
“We continue to focus on our life insurance business, conservative investment approach, and providing an exceptional experience for our members,” said Bill O’Toole, president & CEO. “As a result we enjoy 97 percent persistency, which is a testimony to our advisors and associates.”
That focus on people helped Catholic Financial Life once again earn recognition as a top workplace in the Milwaukee area.
“It is all about our people,” said O’Toole. “We are growing the organization by and through our family of advisors and associates.” To that end, Catholic Financial Life announced that it is looking to hire nearly 20 people this year.
“We are looking for individuals who want to grow professionally in a team environment, be rewarded for achieving goals, and believe in helping everyday people achieve financial security,” said O’Toole. Positions the organization will be hiring include advisors, sales managers, and home office associates in the marketing and information technology departments.
In addition to the strong financial results, Catholic Financial Life announced that last year the organization’s members raised over $1.3 million for local charities and its members received benefits such as scholarships and summer camp subsidies valued at nearly $500,000.