Royal Neighbors of America, Rock Island, Ill., reported strong financial results for 2006, assets growing to $648 million, and surplus increasing 16% or $28.8 million to $211.1 million. Furthermore, the organization maintained a surplus ratio of 32.6%, compared to the industry benchmark of 7%.
Net income went from $2.8 million to $23.7 million.
Premium income, before reinsurance, for the second year in a row, doubled to some $92.7 million.
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