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UNITY FINANCIAL LIFE REPORTS STRONG RESULTS IN 2014

Unity Financial Life Insurance Company reported another good year in 2014. Assets grew over ten percent to just over $190 million. Total assets have grown nearly eighty percent from $106 million in the five years since 2010. Capital and Surplus, which has increased every year since 2002, ended the year at a new record high.

Tom Hardy, Chairman and CEO reported that, although earnings were not a record, he was pleased with the solid results in a very low interest rate environment. As interest rates have fallen over the last few years, it has not been an easy time for pre-need insurance companies to maintain or increase profit levels. Mr. Hardy stated that one silver lining for the low interest rates is that Unity Financial ended the year with unrealized gains in the bond portfolio of $12.8 million – an amount that exceeds Capital and Surplus.

President and Chief Operating Officer, Jay Hardy, stated that Unity Financial Life had several important accomplishments in 2014. Both the field agency force and the home office team are stronger and more experienced than at any previous time in the company’s fifty year history. Important improvements were completed to further strengthen programs for disaster recovery and the protection of policyholder information.

Unity Financial Life continues to have the highest rated investment portfolio among pre-need insurance company peers. All investments are investment grade, publically traded fixed income securities. For thirteen years, no investment purchased and owned by Unity Financial has defaulted or been downgraded to below investment grade.

Unity Financial Life Insurance Company, based in Cincinnati, Ohio is a national leader in the pre-need funeral funding and irrevocable funeral trust markets. The company is licensed in all but four states and was founded over fifty years ago in 1964.

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