2016-11-14T11:02:24-06:00 2015-12-31 BDO USA LLP 9901 IH-10 Suite 500 San Antonio TX 78230 990 2015-01-01 740548665 CATHOLIC LIFE INSURANCE % THOMAS M PETRI CATH 2108289921 1635 NE LOOP 410 Suite 300 SAN ANTONIO TX 78209 THOMAS M PETRI VP/TREASURER 2103428000 2016-11-11 true Joy Reiner P01224777 2103428000 2015 2017-02-10 21:41:12Z THOMAS M PETRI 1635 NE LOOP 410 STE 300 SAN ANTONIO TX 78209 206474486 false X WWW.CATHOLICLIFEINSURANCE.COM X FRAT BENEFIT SOCIETY 1901 TX A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS 9 8 77 0 0 0 0 60611048 62191256 52865032 51025319 1072834 809917 114548914 114026492 0 0 54807315 53642418 5768836 5965430 0 0 0 43453981 46828205 104030132 106436053 10518782 7590439 1064943224 1101409153 986447632 1017685058 78495592 83724095 A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS false false 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4.0 0.0 X 16875 0 0 J MICHAEL BELZ PRESIDENT/CEO 40.0 0.0 X X 531249 0 84279 THOMAS M PETRI VP/TREASURER 40.0 0.0 X 185934 0 44717 COLLEEN Z BERGER VP/CONTROLLER 40.0 0.0 X 172039 0 19959 RILEY D BEST VP/DIRECTOR OF AGENCIES 40.0 0.0 X 180732 0 40715 FRANK GENTILE VP/CHIEF UNDERWRITER 40.0 0.0 X 134605 0 25652 MARTHA M MABE VP/CORP SECRETARY 40.0 0.0 X 131634 0 25859 SCOTT D BRANT VP/INFO TECHNOLOGY 40.0 0.0 X 127030 0 23667 PATRICIA G GUTIERREZ VP/OPERATIONS 40.0 0.0 X 105810 0 40512 BARBARA A CHEANEY VP/MARKETING-COMM 40.0 0.0 X 121368 0 24634 1838356 0 329994 9 false true false WELLINGTON MANAGEMENT CO LLP PO BOX 13694 NEWARK NJ 07188 INVESTMENT MGMT 693695 EUGENE N SMART 5889 S BRAESWOOD BLVD HOUSTON TX 77096 COMMISSIONS 322525 JAMES E TIRRES 1635 NE LOOP 410 SUITE 401 SAN ANTONIO TX 78209 COMMISSIONS 214242 PAUL'S JANITORIAL SERVICE 220 LANSDOWN ST VICTORIA TX 77904 JANITORIAL SERVICE 162960 ERNST YOUNG PO BOX 848107 DALLAS TX 75284 ACCOUNTING SERVICES 147000 8 X 0 INSURANCE ANNUITY PREMIUMS 524114 62191256 62191256 62191256 49235866 49235866 0 0 761816 2139135 -1377319 0 -1377319 -1377319 92097642 90308524 335 1789118 -335 1789453 1789453 0 0 0 AMORTIZATION OF IMR 524114 2187236 2187236 2187236 114026492 62191256 51835236 0 0 0 53642418 1876026 0 2653425 709962 439867 286150 0 6290 373438 0 0 744139 104818 312069 813086 155707 0 199717 138516 0 642351 0 0 298353 100019 INCREASE IN POLICY RSV 39489190 COMMISSIONS 2642744 BRANCH FUNDING 284444 FRATERNAL EXPENSES 153653 369671 106436053 14847403 16298365 0 0 0 0 11228979 11525518 0 0 0 0 5630134 5557632 0 0 0 0 13340477 6027224 7425572 7313253 1019073450 1054912520 6602558 5661491 0 0 0 0 135128 140374 1064943224 1101409153 1586944 1702857 0 0 0 0 0 0 0 0 0 0 0 0 0 0 984860688 1015982201 986447632 1017685058 X 0 0 0 0 78495592 83724095 78495592 83724095 1064943224 1101409153 X 7590439 -2361936 X X false true X true 12735642 5453395 7282247 604835 573829 31006 7313253 0 AGGREGATE RESERVES FOR CERTIFICATES AND CONTRACTS 981656612 LIAB FOR DEPOSIT-TYPE CONTRACTS 13360729 RESERVE FOR CERTIFICATE, CONTRACTS 1948153 PREMIUMS RECEIVED IN ADVANCE 1046676 INTEREST MAINTENANCE RESERVE 6248045 AMTS RETAINED AS AGENT OR TRUSTEE 7335 LIAB FOR BENEFITS FOR EMPLOYEES 567616 ASSET VALUATION RESERVE 5866208 OTHER LIABILITIES 363784 ADDITIONAL DEFINED BENEFIT LIABILITIES 4917043 1015982201 111073077 593232 593232 110479845 1831290 1715357 3546647 114026492 105197995 593232 593232 104604763 1831290 1831290 106436053 FORM 990, SCHEDULE D, PART XI, LINE 2D ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 593,232 FORM 990, SCHEDULE D, PART XII, LINE 2D ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 593,232 FORM 990, SCHEDULE D, PART XI, LINE 4B CAPITAL GAINS (LOSSES) TRANSFERRED TO INTEREST MAINTENANCE RESERVE 1,715,357 X X true true X X X X false true false J MICHAEL BELZ PRESIDENT/CEO 531249 0 0 0 0 0 62345 0 21934 0 615528 0 0 0 THOMAS M PETRI VP/TREASURER 185934 0 0 0 0 0 22782 0 21935 0 230651 0 0 0 COLLEEN Z BERGER VP/CONTROLLER 172039 0 0 0 0 0 19959 0 0 0 191998 0 0 0 RILEY D BEST VP/DIRECTOR OF AGENCIES 180732 0 0 0 0 0 19730 0 20985 0 221447 0 0 0 FRANK GENTILE VP/CHIEF UNDERWRITER 134605 0 0 0 0 0 15809 0 9843 0 160257 0 0 0 MARTHA M MABE VP/CORP SECRETARY 131634 0 0 0 0 0 14891 0 10968 0 157493 0 0 0 SCOTT D BRANT VP/INFO TECHNOLOGY 127030 0 0 0 0 0 14614 0 9053 0 150697 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A COMPANION MAY TRAVEL WITH EMPLOYEE TO BUSINESS FUNCTION. COST OF COMPANION IS PAID BY EMPLOYEE UNLESS THERE ARE EVENTS WITHIN THE BUSINESS FUNCTION SUGGESTING THE COMPANION ATTEND. THEN, ONE-HALF OF COST IS PAID BY EMPLOYEE. SOCIAL CLUB DUES ARE PAID FOR USE BY THE PRESIDENT/CEO FOR NETWORKING. DESCRIPTIONS ARE INCLUDED ON THE INVOICE TO IDENTIFY BUSINESS OR PERSONAL USAGE. EXPENSES INCURRED RELATED TO PERSONAL USAGE ARE REIMBURSED BY PRESIDENT/CEO. FORM 990, SCHEDULE J, PART I, LINE 4B PRESIDENT/CEO PARTICIPATES IN A SERP. THE AMOUNT FUNDED IN 2015 WAS $55,000. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 AN OUTSIDE FIRM COMPLETES THE CATHOLIC LIFE INSURANCE FORM 990 BASED ON INFORMATION PROVIDED BY THE ACCOUNTING AND INVESTMENT DEPARTMENTS. ONCE COMPLETE, A DETAILED REVIEW OF THE SPECIFIC AMOUNTS WITHIN THE RETURN ARE REVIEWED BY THE CONTROLLER. AN OVERALL REVIEW OF THE RETURN IS PERFORMED BY THE TREASURER. THE PRESIDENT/CEO WILL PERFORM A VERY GENERAL OVERVIEW OF SELECTED PARTS OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE MOST RECENT LOMA (LIFE OFFICE MANAGEMENT ASSOCIATION) EXECUTIVE COMPENSATION SURVEY. INCLUDED IN THIS SURVEY ARE SALARY COMPARISONS OF FRATERNAL BENEFIT SOCIETIES AND OTHER COMPARABLE COMPANIES WITHIN VARIOUS POSITIONS AND COMPANY SIZE. THE COMPENSATION COMMITTEE REVIEWS AND SUBMITS A RECOMMENDATION FOR SALARY AND PERFORMANCE BONUS OF THE PRESIDENT/CEO TO THE BOARD OF DIRECTORS FOR APPROVAL. RECOMMENDATIONS OF COMPENSATION TO BE PAID TO ALL OTHER OFFICERS ARE SUBMITTED BY THE PRESIDENT/CEO TO THE COMPENSATION COMMITTEE FOR THEIR REVIEW AND SUBMISSION TO THE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION RECOMMENDATIONS FOR OFFICERS ARE ALSO BASED ON THE MOST RECENT LOMA EXECUTIVE COMPENSATION SURVEY. COMPENSATION COMMITTEE RECOMMENDATIONS ARE DISCUSSED BY THE ENTIRE BOARD OF DIRECTORS AND ACTIONS TAKEN ARE DOCUMENTED IN BOARD MEETING MINUTES. THESE BOARD MEETING MINUTES ARE KEPT IN THE HOME OFFICE. THE LAST EXECUTIVE COMPENSATION REVIEW WAS PERFORMED JANUARY 2016. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE HOME OFFICE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN NET UNREALIZED CAPITAL GAINS/LOSSES -162,286 CHANGE IN NON-ADMITTED ASSETS 277,612 CHANGE IN ASSET VALUATION RESERVE -798,016 CAPITAL GAINS TRANSFERRED TO INT. MAINT RSV -1,715,357 EXCESS ADD'L DEF BENEFIT LIAB OVER PRIOR SVC COST 36,111 ----------- TOTAL TO PART XI, LINE 9 -2,361,936 FORM 990, PART XII, LINE 1 THE ORGANIZATION USES THE STATUTORY METHOD OF ACCOUNTING.