We are committed to responsible investing and that’s why we have been up front about our investment strategy. Our conservative investment strategy has required that investments in individual companies be kept at low levels, which has resulted in a diversified portfolio.

To date, Midland National’s losses have been relatively small in comparison to our capital and total assets. We have already taken steps to react to the current state of affairs, and we will continue to take more steps in the future as we continue to monitor the markets.

Midland National’s employees are guided by a corporate culture of integrity, openness, respect and accountability. As part of a privately held company, we are not subject to the short term earnings pressures that publicly held companies often face to satisfy Wall Street’s expectations.

Not only is our company privately held, but we are also made up of employee-shareholders*, which gives us a greater sense of responsibility. We are a company with plans to perpetuate itself for hundreds of years, not the next quarter or fiscal year. You will not find this kind of ownership structure or corporate culture in any other insurance company.

As you look ahead on your financial future, we want you to know that Midland National will continue to provide strength and stability for the long term.