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President's Message

Armed Forces Insurance has been serving military families for over 132 years. We are proud of our rich heritage and our ability to demonstrate value to our members in their time of need.

2018 was a year of frequent and rather severe natural catastrophes throughout the country. These events included tornadoes, hailstorms, hurricanes, wildfires, an earthquake, and to top off the list, a volcanic eruption. I am extremely proud of our employees who responded admirably in delivering assistance and comfort to our members in their time of need. These catastrophes impacted over 2,300 of our members. Armed Forces incurred claims from these events of $36,000,000. This is almost three times the amount we would anticipate in a “normal” year. Driven by these elevated catastrophe losses, Armed Forces incurred an operating loss of $5,500,000 in 2018. However, we plan for these types of years and helping our members recover from these events is why we exist. We remain financially strong and ready to assist you, our members, in the future.

We continue to focus on innovative ideas that bring value to those we serve. We will be offering “Smart Home” devices (these include fire/smoke and water detectors) to selected members in 2019, as a multi-carrier study to estimate the value of these devices in decreasing frequency and/or severity of losses. We are a limited partner in a private equity fund which will invest in various “InsurTec” companies who are developing new tools to dramatically improve the insurance experience in a number of critical areas.

I want to thank you, our members, for your continued loyalty and trust you place in us, as well as our dedicated employees who again, provide top tier service to all we serve. We aspire to live our tagline “Our Mission is You” in everything we do.

Yours sincerely,
Kurt H. Seelbach
President & CEO