Southern Mutual Church Insurance

Gross direct Insurance premium from member churches = 70,975,147 member churches insured at 12/31/2023 = 11,662 policies in force = 19,922 the primary function of smcic is to provide Insurance protection for its member churches at the lowest cost possible by reduced rates and other methods permissible by law.

Miscellaneous policies provided as a service to members. This type of policy is not available through the company. Smcic cannot always provide protection directly for members' needs and will arrange outside contracts.

Low interest rate loans to member churches. Total loans outstanding at 12/31/23 = 795,671 loans are made from available surplus.

Minimal service fees related to premium payment plans. Revenue recognized as program service revenue in part viii with no associated allocated expenses. The company also provides an annual inspection program and safety instructions for each member Church as a service to help mitigate losses and protect property and people. This is a free service and no associated revenue or expenses have been allocated. The company provides educational workshops and training programs as a service to help mitigate losses and protect property and people. This a free service and no associated revenue or expenses have been allocated. Expenses 0. Including grants of 0. Revenue 157,227.