Thoughtfully Designed Protection
The President's Message
John H. Bultema III
President & Chief Executive Officer
Momentum sustained over The Lafayette Life Insurance Company’s many prosperous years carried it forward through a very successful 2022. The company’s results underscored the continued commitment to meeting customer needs.
At nearly $70.3 million — an all-time best — operating gain from life and annuity operations marked its eighth consecutive year of growth for Lafayette Life. Repricing of its life insurance products to comply with revised tax regulations during the prior year proved a competitive advantage as life insurance sales experienced double-digit growth for the fourth straight year.
Lafayette Life’s tradition of paying dividends on its whole life products, one dating to its 1905 origin, again was honored. The company expensed record dividends totaling $92 million to eligible policyholders for 2022, an allocation that marked the 117th consecutive year of paying a dividend.
Lafayette Life stands on the bedrock of strength and stability in upholding its commitments. Its sound, disciplined and forward-looking approach remains a key to its success.
