M&A - VARIABLE LIFE ACCOUNT B OF MONARCH LIFE INSURANCE CO
Form Type: N-VPFS
Filing Date: 2025-04-23
Corporate Action: Merger
Type: New
Accession Number: 000119312525090775
Filing Summary: The document is the annual report for Variable Account B of Monarch Life Insurance Company as of December 31, 2024. It highlights the financial positions of various investment divisions within the account. Notably, the Conservative Balanced Fund was closed due to a merger, transferring its assets to the Equity and Income Fund effective April 26, 2024. The funds' performance and net asset values are reported, along with an overview of significant investment income, expenses, and changes in assets over the year, reflecting both gains and losses, management's estimates for reserves, and the audit opinion from PricewaterhouseCoopers LLP certifying the financial statements for compliance with U.S. GAAP. The report also discusses Monarch Life's cessation of new business since 1992 and ongoing rehabilitation proceedings initiated in 1994.
Additional details:
Division Name: U.S. Government Money Fund
Assets At Market Value: 1,825,787
Division Name: Discovery Mid Cap Growth Fund
Assets At Market Value: 8,095,614
Division Name: Capital Appreciation Fund
Assets At Market Value: 21,456,339
Division Name: Conservative Balanced Fund
Assets At Market Value: 0
Division Name: Global Strategic Income Fund
Assets At Market Value: 729,620
Division Name: Core Plus Bond Fund
Assets At Market Value: 811,089
Division Name: Equity and Income Fund
Assets At Market Value: 10,858,621
Investment Income: 1,120,705
Total Expenses: (671,327)
Net Income: 449,378
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