M Financial Group Sets Another Annual Sales Record, Tops $2 Billion Mark for the First Time
PORTLAND, OR, FEBRUARY 21, 2008—M Financial Group, one of the nation’s leading financial services design and distribution companies, today announced that total sales in 2007 topped $2 billion, the first time the company has surpassed this milestone. This sales total, a 75% increase over 2006, marked the eleventh consecutive year in which M Financial has posted record-breaking sales.
M Financial posted strong year-over-year results across all categories and business lines. Total life premiums increased 73% to $1.6 billion. Results also reflected the growing diversity of M Financial’s business. Disability Insurance sales increased 30%, Long Term Care was up 19%, and Annuities, 401(k), and Trust Owned Health Insurance grew 33%. Overall, M Financial’s compound annual growth rate since 1996 is 22%.
Fred H. Jonske, president and chief executive officer of M Financial, said: “Once again, our Member Firms have exceeded expectations to set a new standard for success. In 2007, M Financial continued its tradition of innovation, leadership, and advocacy to solidify our position as a market leader serving the needs of ultra-affluent and corporate clients.”
“Our momentum—and our client focus—have never been stronger. M Financial is well positioned to build on the success of 2007 by identifying new opportunities for differentiation in our core life business, while continuing to grow our presence in complementary business lines. With a clear focus, a passion for distinction, and the best firms in the country, we can look
forward to another great year in 2008.”
About M Financial Group
With 118 Member Firms, M Financial Group is one of the nation’s leading financial services design and distribution companies. Since 1978, M Financial’s network of independent insurance, investment, and executive benefit firms has served the needs of ultra-affluent individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies. For more information about M Financial Group, please visit www.mfin.com.