2013 life stat comp · 2013 annual statement page 2013 report page 49 schedule t – exhibit of...

Statistical Compilation

of Annual Statement Information

for Life/Health Insurance

Companies in 201

Statistical Compilation of

Annual Statement Information

for Life/Health Insurance

Companies in 201

201

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Statistical Compilation of Annual Statement Information for Life/Health Insurance Companies in 2013

TABLE OF CONTENTS

2013 Report Page INTRODUCTION ....................................................................................................................................... 1 Report Format ............................................................................................................................................... 1 Aggregation of Data ...................................................................................................................................... 1 Crosschecks and Balances ............................................................................................................................ 2 Prior Year Data ............................................................................................................................................. 2 Qualifications ................................................................................................................................................ 2 ANNUAL STATEMENT FINANCIAL DATA ........................................................................................ 3 2013 Annual Statement Page 2013 Report Page 2 Aggregate Assets 2013 .................................................................................................................... 5 Graph—2013 Distribution of Assets ............................................................................................... 7 2 Aggregate Assets 2012 .................................................................................................................... 9 2 Aggregate Assets 2011 .................................................................................................................. 10 2 Aggregate Assets 2010 .................................................................................................................. 11 2 Aggregate Assets 2009 .................................................................................................................. 12 3 Aggregate Liabilities, Surplus and Other Funds 2013 ................................................................... 13 3 Aggregate Liabilities, Surplus and Other Funds 2012 ................................................................... 14 3 Aggregate Liabilities, Surplus and Other Funds 2011 ................................................................... 15 3 Aggregate Liabilities, Surplus and Other Funds 2010 ................................................................... 16 3 Aggregate Liabilities, Surplus and Other Funds 2009 ................................................................... 17 4 Aggregate Summary of Operations 2013 ....................................................................................... 18 4 Aggregate Summary of Operations 2012 ....................................................................................... 19 4 Aggregate Summary of Operations 2011 ....................................................................................... 20 4 Aggregate Summary of Operations 2010 ....................................................................................... 21 4 Aggregate Summary of Operations 2009 ....................................................................................... 22 Graphs—2004-2013 Assets; 2004-2013 Capital and Surplus; 2004-2013 Net Income ................ 23 6 Aggregate Analysis of Operations by Lines of Business ............................................................... 25 Table—Aggregate Analysis of Operations by Lines of Business Historical 2004-2013 ............... 26 7 Aggregate Analysis of Increase in Reserves .................................................................................. 27 8 Aggregate Exhibit of Net Investment Income ............................................................................... 28 8 Aggregate Exhibit of Capital Gains (Losses) ................................................................................ 28 9 Aggregate Exhibit 1-Part 1 – Premiums and Annuity Considerations for Life and Accident and Health Contracts ........................................................................................................ 29 10 Aggregate Exhibit 1-Part 2 – Dividends and Coupons Applied, Reinsurance Commissions

and Expenses ..................................................................................................................... 30 11 Aggregate Exhibit 2 – General Expenses ..................................................................................... 31 11 Aggregate Exhibit 3 – Taxes, Licenses and Fees (Excluding Federal Income Taxes) ................. 31 11 Aggregate Exhibit 4 – Dividends or Refunds ................................................................................ 31 14 Aggregate Exhibit 6 – Aggregate Reserves for Accident and Health Contracts ........................... 32 15 Aggregate Exhibit 7 – Deposit-Type Contracts ............................................................................. 33 16 Aggregate Exhibit 8 – Claims for Life and Accident and Health Contracts – Part 1 – Liability End of Current Year.............................................................................. 34

© 2014 National Association of Insurance Commissioners

2013 Annual Statement Page 2013 Report Page 17 Aggregate Exhibit 8 – Claims for Life and Accident and Health Contracts – Part 2 – Incurred During the Year ..................................................................................... 35 18 Aggregate Exhibit of Nonadmitted Assets .................................................................................... 36 Table—Historical Premium Volume 2004-2013 .......................................................................... 37 SI01 Aggregate Summary Investment Schedule .................................................................................. 38 25 Aggregate Exhibit of Life Insurance ............................................................................................. 39 26 Aggregate Exhibit of Life Insurance (Continued) ....................................................................... 40 27 Aggregate Exhibit of Number of Policies, Contracts, Certificates, Income Payable and Account Values in Force for Supplementary Contracts, Annuities, Accident & Health and Other Policies ........................................................... 41 SI04 Aggregate Schedule D – Long-Term Bonds and Stocks Owned (Summary by Country) ............ 42 SI05-07 Aggregate Schedule D – Part 1A, Section 1 – Quality and Maturity of All Bonds ...................... 43 Graph—2004-2013 Maturity Distribution of Bonds .................................................................... 47 Graph—2004-2013 Publicly Traded vs. Privately Placed Bonds ................................................. 49 SI08-09 Aggregate Schedule D – Part 1A, Section 2 – Maturity Distribution of All Bonds ..................... 51 37 Aggregate Schedule H – Accident and Health Exhibit ................................................................ 53 38 Aggregate Schedule H – Part 2 – Accident and Health Exhibit; Reserves and Liabilities ........... 54 38 Aggregate Schedule H – Part 3 – Accident and Health Exhibit; Test of Prior Year’s Claim Reserves and Liabilities ......................................................................................... 54 38 Aggregate Schedule H – Part 4 – Accident and Health Exhibit; Reinsurance .............................. 54 39 Aggregate Schedule H – Part 5 – Accident and Health Exhibit; Health Claims .......................... 55 47 Aggregate Schedule S – Part 6 – Five-Year Exhibit of Reinsurance Ceded Business ................. 56 Technical Notes .......................................................................................................................................... 57 STATE AND COUNTRYWIDE INSURANCE DATA ......................................................................... 59

2013 Annual Statement Page 2013 Report Page 49 Schedule T – Exhibit of Premiums Written .................................................................................. 61 50 Schedule T – Part 2 – Interstate Compact Products – Exhibit of Premiums Written ................... 62 Supp31 Medicare Part D Coverage Supplement ........................................................................................ 63 Graph—2013 Direct Written Premium Volume by State ............................................................. 65 Graph—2004-2013 Total Direct Written Premiums & Deposit-Type Contracts ......................... 67 24 Life Insurance (State Page) By Line – Total (All U.S. States and Territories, Canada, Aggregate Other Alien) ..................................... 69 24 Life Insurance (State Page) By Line – Alabama ........................................................................... 70 24 Life Insurance (State Page) By Line – Alaska .............................................................................. 71 24 Life Insurance (State Page) By Line – Arizona ............................................................................ 72 24 Life Insurance (State Page) By Line – Arkansas .......................................................................... 73 24 Life Insurance (State Page) By Line – California ......................................................................... 74 24 Life Insurance (State Page) By Line – Colorado .......................................................................... 75 24 Life Insurance (State Page) By Line – Connecticut ...................................................................... 76 24 Life Insurance (State Page) By Line – Delaware .......................................................................... 77 24 Life Insurance (State Page) By Line – District of Columbia ........................................................ 78 24 Life Insurance (State Page) By Line – Florida ............................................................................. 79 24 Life Insurance (State Page) By Line – Georgia ............................................................................ 80 24 Life Insurance (State Page) By Line – Hawaii ............................................................................. 81


STATE AND COUNTRYWIDE INSURANCE DATA (Continued) 2013 Annual Statement Page 2013 Report Page 24 Life Insurance (State Page) By Line – Idaho ................................................................................. 82 24 Life Insurance (State Page) By Line – Illinois ............................................................................... 83 24 Life Insurance (State Page) By Line – Indiana .............................................................................. 84 24 Life Insurance (State Page) By Line – Iowa .................................................................................. 85 24 Life Insurance (State Page) By Line – Kansas .............................................................................. 86 24 Life Insurance (State Page) By Line – Kentucky .......................................................................... 87 24 Life Insurance (State Page) By Line – Louisiana .......................................................................... 88 24 Life Insurance (State Page) By Line – Maine ................................................................................ 89 24 Life Insurance (State Page) By Line – Maryland .......................................................................... 90 24 Life Insurance (State Page) By Line – Massachusetts ................................................................... 91 24 Life Insurance (State Page) By Line – Michigan ........................................................................... 92 24 Life Insurance (State Page) By Line – Minnesota ......................................................................... 93 24 Life Insurance (State Page) By Line – Mississippi ........................................................................ 94 24 Life Insurance (State Page) By Line – Missouri ............................................................................ 95 24 Life Insurance (State Page) By Line – Montana ............................................................................ 96 24 Life Insurance (State Page) By Line – Nebraska ........................................................................... 97 24 Life Insurance (State Page) By Line – Nevada .............................................................................. 98 24 Life Insurance (State Page) By Line – New Hampshire ................................................................ 99 24 Life Insurance (State Page) By Line – New Jersey ..................................................................... 100 24 Life Insurance (State Page) By Line – New Mexico ................................................................... 101 24 Life Insurance (State Page) By Line – New York ....................................................................... 102 24 Life Insurance (State Page) By Line – North Carolina ................................................................ 103 24 Life Insurance (State Page) By Line – North Dakota .................................................................. 104 24 Life Insurance (State Page) By Line – Ohio ................................................................................ 105 24 Life Insurance (State Page) By Line – Oklahoma ....................................................................... 106 24 Life Insurance (State Page) By Line – Oregon ............................................................................ 107 24 Life Insurance (State Page) By Line – Pennsylvania ................................................................... 108 24 Life Insurance (State Page) By Line – Rhode Island ................................................................... 109 24 Life Insurance (State Page) By Line – South Carolina ................................................................ 110 24 Life Insurance (State Page) By Line – South Dakota .................................................................. 111 24 Life Insurance (State Page) By Line – Tennessee ....................................................................... 112 24 Life Insurance (State Page) By Line – Texas .............................................................................. 113 24 Life Insurance (State Page) By Line – Utah ................................................................................ 114 24 Life Insurance (State Page) By Line – Vermont .......................................................................... 115 24 Life Insurance (State Page) By Line – Virginia ........................................................................... 116 24 Life Insurance (State Page) By Line – Washington ..................................................................... 117 24 Life Insurance (State Page) By Line – West Virginia ................................................................. 118 24 Life Insurance (State Page) By Line – Wisconsin ....................................................................... 119 24 Life Insurance (State Page) By Line – Wyoming ........................................................................ 120 24 Life Insurance (State Page) By Line – American Samoa ............................................................ 121 24 Life Insurance (State Page) By Line – Guam .............................................................................. 122 24 Life Insurance (State Page) By Line – Northern Mariana Islands ............................................... 123 24 Life Insurance (State Page) By Line – Puerto Rico ..................................................................... 124 24 Life Insurance (State Page) By Line – U.S. Virgin Islands ......................................................... 125 24 Life Insurance (State Page) By Line – Canada ............................................................................ 126 24 Life Insurance (State Page) By Line – Aggregate Other Alien ................................................... 127 Technical Notes ........................................................................................................................................ 128


2013 Annual Statement Page 2013 Report Page SELECTED DATA ELEMENTS FROM COMPANY STATEMENTS ........................................... 129 How to Locate Companies and Groups .................................................................................................... 131 Individual Company Data ......................................................................................................................... 132

• NAIC Company Code • Company Name • State of Domicile • Total Assets • Capital and Surplus • Direct Premium and Annuity Considerations • Net Premium and Annuity Considerations • Net Investment Income • Total Income • Total Benefits, Endowments, Conversions and Payments • Direct and Assumed Commissions • General Insurance Expenses • Insurance Taxes, Licenses and Fees • Dividends to Policyholders • Federal and Foreign Taxes Incurred • Net Gain from Operations • Net Realized Capital Gains • Net Income • Total Amount of Insurance

Technical Notes ........................................................................................................................................ 186 INDEX OF COMPANIES ...................................................................................................................... 187 WORKERS’ COMPENSATION SUPPLEMENT .............................................................................. 211 Supp 21 Underwriting and Investment Exhibit Part 1 – Premiums Earned ........................................................................................................ 213 Part 2 – Premiums Written ........................................................................................................ 213 Part 3 – Losses Paid and Incurred ............................................................................................. 213 Part 4 – Unpaid Losses Paid and Loss Adjustment Expenses .................................................. 213 Supp 23 Schedule P – Part 1 .................................................................................................................... 214 Supp 24 Schedule P – Part 2 .................................................................................................................... 215 Supp 24 Schedule P – Part 3 .................................................................................................................... 215 Supp 25 Schedule P – Part 4 .................................................................................................................... 216 Supp 25 Schedule P – Part 5 – Section 1 ................................................................................................. 216 Supp 25 Schedule P – Part 5 – Section 2 ................................................................................................. 216 Supp 25 Schedule P – Part 5 – Section 3 ................................................................................................. 216 Supp 26 Schedule P – Part 6 – Section 1 ................................................................................................. 217 Supp 26 Schedule P – Part 6 – Section 2 ................................................................................................. 217 INDEX OF COMPANIES FILING 2013 WORKERS’ COMPENSATION SUPPLEMENT ........ 218


INTRODUCTION This Statistical Compilation of Annual Statement Information for Life/Health Insurance Companies in 2013 has been created to fill a need for industrywide totals from the NAIC annual statement databases. These data, by being readily available as a reference, will satisfy a wide range of needs and uses.

Report Format This report contains four major sections:

Annual Statement Financial Data • The first section consists of aggregate countrywide financial data, presented in annual

statement format for Assets, Liabilities, Summary of Operations, Analysis of Operations by Line of Business, Analysis of Increase in Reserves During the Year, Exhibits 1–8, Exhibit of Nonadmitted Assets, Summary Investment Schedule, Exhibit of Life Insurance, Exhibit of Number of Policies, Contracts, Certificates, Schedule D, Schedule H, and Schedule S.

State and Countrywide Insurance Data • The second section consists primarily of 2013 direct insurance data from Schedule T and

the state page (annual statement, p. 24). Direct life insurance premiums, annuity considerations, deposit-type funds, dividends to policyholders, and claims and benefits paid are shown by line of insurance by state. Direct accident and health insurance premiums, dividends paid, and losses paid and incurred are also shown by line of business and by state.

Selected Data Elements from Company Statements • The third section consists of selected 2013 data elements from company annual

statements. The annual statement sources for these data are listed in the technical notes. An index is available to facilitate locating companies that are included in a group.

Workers’ Compensation Supplement • The fourth section consists of the 2013 Workers’ Compensation Supplement from

company annual statements. An index is available that lists companies used in compiling the aggregated data.

This compilation is aggregated from company life/health annual statements filed with the NAIC. Accident and health data are not included from companies filing property/casualty, fraternal, or health annual statements. Comments on this report are encouraged so that the report will continue to evolve to meet the needs of NAIC members and other users. These data are maintained in NAIC databases and are available for additional application development. These data are also available for purchase by the public in either hardcopy or electronic format.

Aggregation of Data This report utilizes the term “aggregated” to describe data developed by summing the annual statements of individual companies.

© 2014 National Association of Insurance Commissioners1

Crosschecks and Balances Aggregated data are developed from the annual statements of 770 individual companies. The level of precision that is possible with an individual company statement is not possible with industry aggregated data. The most important difference is that a significant number of company annual statements are added to and deleted from the NAIC annual statement database each year. Therefore, the ending capital and surplus for the prior year cannot and should not equal the beginning capital and surplus for the current year. Also, while every effort has been made to ensure that all significant errors and omissions in annual statements have been identified and resolved, certain anomalous data do exist. Most anomalies will be identified and resolved prior to publication of the final report. However, in some instances, explanations might be provided by insurance companies, resulting in maintaining the anomalous figures. To minimize anomalous results, certain statement pages might be excluded from this Statistical Compilation. The section displaying selected data elements for individual companies provides a complete listing of companies included in this Statistical Compilation.

Prior Year Data Individual aggregated annual statement pages for Assets, Liabilities and Summary of Operations (annual statement, pp. 2, 3 and 4) from annual statements submitted for years 2009 through 2013 are included in this publication. The aggregated Analysis of Operations by Lines of Business (annual statement, p. 6) contains data from annual statements submitted for years 2004 through 2013.

Qualifications The accuracy of the reports included in this publication depends on the accuracy of the information contained in the annual statements filed by insurers. The NAIC system cannot always identify a misstatement in accordance with statutory requirements or errors in identifying securities. Even though the data elements used to prepare the reports are extracted from annual statements filed with the NAIC, the NAIC cannot guarantee their accuracy. While the NAIC exercises a great deal of care in capturing data from annual statements and producing various reports, as with any statistical project of a significant magnitude, errors can occur. Consequently, the NAIC makes no representations or warranties with respect to the accuracy of the data and statistics in this report. If you have any questions regarding this report, please contact Teresa Cooper (816) 783-8226 or Sara Robben (816) 783-8230. Questions can also be sent to [email protected]. Additional copies can be obtained from an NAIC representative at:

NAIC Central Office 1100 Walnut Street, Suite 1500 Kansas City, MO 64106-2197

Telephone: (816) 783-8300 Email: [email protected]


Annual Statement Financial Data


LIFE INSURANCE INDUSTRY AGGREGATES

(Name)(000's)

ASSETS

1

Assets

2 3 4

NonadmittedAssets

Net AdmittedAssets

(Cols 1 - 2)Net Admitted

Assets

Current Year Prior Year

2

Annual Statement Year Percent ofNet Admitted

Assets toTotal Assets

OF THE .....................................................................2013ANNUAL STATEMENT FOR THE YEAR

2013

01. Bonds (Schedule D) 2,605,387,571 330,535 2,605,057,036 2,546,842,12342.77

02. Stocks (Schedule D):

02.1. Preferred stocks 8,314,737 1,054 8,313,683 7,838,1090.14

02.2. Common stocks 152,382,760 1,614,916 150,767,844 142,549,2992.48

03. Mortgage loans on real estate (Schedule B)

03.1. First liens 350,105,095 2,044 350,103,051 333,315,1695.75

03.2. Other than first liens 3,060,222 4,998 3,055,224 2,284,8910.05

04. Real estate (Schedule A)

04.1. Properties occupied by the company (less encumbrances) 5,450,607 176 5,450,430 5,470,5170.09

04.2. Properties held for the production of income (less encumbrances) 15,999,986 31,833 15,968,153 15,372,9630.26

04.3. Properties held for sale (less encumbrances) 952,743 9,114 943,629 535,2290.02

05. Cash , cash equivalents and short-term investments 94,750,965 38,815 94,712,150 106,542,6741.55

06. Contract loans (including premium notes) 128,545,405 107,647 128,437,758 127,473,8622.11

08. Other invested assets (Schedule BA) 148,119,023 2,170,173 145,948,850 137,016,8842.40

07. Derivatives (Schedule DB) 37,807,378 514 37,806,864 41,576,5880.62

09. Receivables for securities 3,178,574 4,576 3,173,999 2,102,7230.05

10. Securities lending reinvested collateral assets (ScheduleDL) 13,828,146 82 13,828,064 10,828,7810.23

11. Aggregate write-ins for invested assets 1,663,112 31,932 1,631,180 (314,026)0.03

12. Subtotals, cash and invested assets (Lines 1 to 11) 3,569,546,325 4,348,409 3,565,197,915 3,479,435,78458.53

13. Title plants less charged off (for Title insurers only) 0 0 0 00.00

14. Investment income due and accrued 35,175,905 31,878 35,144,027 33,635,3750.58

15. Premiums and considerations

15.1. Uncollected prems & agents' balances in the course of collection 13,455,216 780,055 12,675,161 10,490,5100.21

15.2. Deferred premiums, agents' balances and installments booked

but deferred and not yet due 14,714,875 44,090 14,670,786 14,002,8220.24

15.3. Accrued retrospective premiums 597,458 4,174 593,284 447,6720.01

16. Reinsurance

16.1. Amounts recoverable from reinsurers 6,142,691 34,200 6,108,490 6,252,9380.10

16.2. Funds held by or deposited with reinsured companies 36,508,013 0 36,508,013 36,417,5830.60

16.3. Other amounts receivable under reinsurance contracts 9,069,518 24,056 9,045,462 8,170,0510.15

17. Amounts receivable relating to uninsured plans 2,675,405 81,608 2,593,797 2,084,0310.04

18.1. Current federal & foreign income tax recoverable & interest thereon 6,196,394 873,144 5,323,249 5,104,2460.09

18.2. Net deferred tax asset 74,218,734 39,686,857 34,531,877 34,399,3610.57

19. Guaranty funds receivable or on deposit 989,277 1,289 987,988 923,4020.02

20. Electronic data processing equipment and software 4,417,531 3,719,539 697,992 660,5120.01

21. Furniture and equipment, including health care delivery assets 1,203,065 1,198,896 4,168 4,2180.00

22. Net adjustment in assets and liabilities due to foreign exchange rates 16 0 16 8,6600.00

23. Receivables from parent, subsidiaries and affiliates 6,851,521 414,372 6,437,149 7,229,0960.11

24. Health care and other amounts receivable 2,965,332 1,065,530 1,899,801 1,391,8560.03

25. Aggregate write-ins for other than invested assets 40,521,458 10,796,012 29,725,446 26,420,0580.49

26. Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25) 3,825,248,733 63,104,110 3,762,144,623 3,667,078,17461.77

27. From Separate Accounts, Segregated Accounts and

Protected Cell Accounts 2,328,917,682 11,658 2,328,906,024 2,053,136,31038.23

28. Totals (Lines 26 and 27) 6,154,166,415 63,115,768 6,091,050,648 5,720,214,483100.00


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(Name)(000's)

ASSETS

1

Assets

2 3 4

NonadmittedAssets

Net AdmittedAssets


Assets


2




2012

01. Bonds (Schedule D) 2,547,659,052 346,052 2,547,313,000 2,535,512,73844.54



02.2. Common stocks 143,830,354 1,163,328 142,667,026 139,597,4242.49


03.1. First liens 333,069,652 2,192 333,067,461 321,123,4775.82



04.1. Properties occupied by the company (less encumbrances) 5,476,540 174 5,476,366 5,677,2460.10






07. Derivatives (Schedule DB) 41,580,386 3,799 41,576,588 44,397,0700.73



11. Aggregate write-ins for invested assets (302,197) 32,549 (334,746) (1,081,081)(0.01)









16. Reinsurance




17. Amounts receivable relating to uninsured plans 2,166,180 77,837 2,088,343 1,612,2070.04






22. Net adjustment in assets and liabilities due to foreign exchange rates 8,660 0 8,660 41,0020.00


24. Health care and other amounts receivable 2,487,328 1,093,811 1,393,517 1,559,5990.02






28. Totals (Lines 26 and 27) 5,786,404,779 67,089,959 5,719,314,820 5,438,993,757100.00



(Name)(000's)

ASSETS

1

Assets

2 3 4

NonadmittedAssets

Net AdmittedAssets


Assets


2



OF THE ...................................................................2011ANNUAL STATEMENT FOR THE YEAR

2011

01. Bonds (Schedule D) 2,536,655,478 349,433 2,536,306,045 2,425,135,87046.59



02.2. Common stocks 142,909,858 1,156,396 141,753,461 139,133,4522.60


03.1. First liens 321,139,698 17,088 321,122,610 305,233,6575.90



04.1. Properties occupied by the company (less encumbrances) 5,678,259 1,049 5,677,210 5,739,5370.10






07. Derivatives (Schedule DB) 44,356,616 0 44,356,616 21,688,3090.81



11. Aggregate write-ins for invested assets 232,198 31,964 200,234 529,5570.00









16. Reinsurance




17. Amounts receivable relating to uninsured plans 1,995,535 55,003 1,940,532 943,3830.04








24. Health care and other amounts receivable 2,824,250 996,645 1,827,605 1,660,8750.03






28. Totals (Lines 26 and 27) 5,513,773,967 70,438,655 5,443,335,311 5,265,996,913100.00


LIFE INSURANCE INDUSTRY AGGREGATESANNUAL STATEMENT FOR THE YEAR 2010 OF THE ......................................................................................................

(Name)(000's)

ASSETS

1

Assets

2 3 4

NonadmittedAssets

Net AdmittedAssets


Assets


2

2010 Annual Statement Year Percent ofNet Admitted


01. Bonds (Schedule D) 2,426,389,169 473,567 2,425,915,602 2,290,206,09546.05



02.2. Common stocks 140,292,032 1,098,249 139,193,784 128,826,9702.64


03.1. First liens 305,047,557 17,618 305,029,939 312,957,3555.79









07. Derivatives 21,575,963 0 21,575,963 18,408,0960.41


10. Securities lending reinvested collateral assets 10,601,968 18,484 10,583,484 611,3100.20

11. Aggregate write-ins for invested assets 579,234 44,192 535,042 2,764,5790.01









16. Reinsurance


16.2. Funds held by or deposited with reinsured companies 19,107,828 1,026 19,106,801 17,535,5140.36


17. Amounts receivable relating to uninsured plans 1,096,788 61,717 1,035,071 706,5890.02



19. Guaranty funds receivable or on deposit 624,604 641 623,963 609,9700.01











28. Totals (Lines 26 and 27) 5,344,353,132 76,833,664 5,267,519,468 4,920,579,740100.00



(Name)(000's)

ASSETS

1

Assets

2 3 4

NonadmittedAssets

Net AdmittedAssets


Assets


2

2009 Annual Statement Year Percent ofNet Admitted


01. Bonds (Schedule D) 2,291,478,487 352,512 2,291,125,975 2,151,844,45046.55



02.2. Common stocks 131,360,007 1,775,169 129,584,838 103,881,8052.63


03.1. First liens 312,961,524 8,568 312,952,956 325,409,9626.36










09. Aggregate write-ins for invested assets (Lines 1 to 9) 21,242,710 76,818 21,165,892 36,048,0750.43

10. Subtotals, cash and invested assets 3,143,681,058 4,402,718 3,139,278,340 3,075,628,34763.78








14. Reinsurance




15. Amounts receivable relating to uninsured plans 832,854 60,726 772,128 1,731,5130.02



17. Guaranty funds receivable or on deposit 618,504 922 617,582 569,7180.01








Protected Cell Accounts 3,383,543,888 85,427,784 3,298,116,104 3,234,562,40067.01



26. Totals (Lines 24 and 25) 5,007,101,191 85,439,229 4,921,661,962 4,603,575,379100.00



(Name)(000's)

LIABILITIES, SURPLUS AND OTHER FUNDS Current Year Prior Year

3OF THE .....................................................................2013ANNUAL STATEMENT FOR THE YEAR

2013

01. Aggregate reserve for life contracts (Exhibit 5, Line9999999) including in Line 6.3 2,377,187,179 2,306,924,94302. Aggregate reserve for accident and health contracts (Exhibit 7, Line 14, Col.1) 218,977,714 219,235,45703. Liability for deposit-type contracts (Exhibit 7,Line 14, Col. 1) (including Modco reserve) 264,391,013 270,650,35204. Contract claims: 04.1. Life 20,666,103 20,751,464 04.2. Accident and health 22,264,448 22,025,95105. Policyholders' dividends and coupons due and unpaid (19,576) (94,629)06. Provision for policyholders' dividends and coupons payable in following calendar year -- estimated amounts: 06.1. Dividends apportioned for payment (including Modco) 16,812,388 16,444,143 06.2. Dividends not yet apportioned (including Modco) 166,260 172,927 06.3. Coupons and similar benefits (including Modco) 647 63107. Amount provisionally held for deferred dividend policies not included in Line 6 9 908. Premiums and annuity considerations for life and accident and health contracts received in advance less discount; including accident and health premium 13,667,050 14,143,15309. Contract liabilities not included elsewhere 09.1. Surrender values on canceled contracts 119,872 179,209 09.2. Provision for experience rating refunds, including the liability of accident and heal 5,264,400 5,997,049 experience rating refunds of which is for medical loss ratio rebate per the Public Health Service Act 09.3 Other amounts payable on reinsurance, including assumed and ceded 13,684,986 9,386,929 09.4. Interest maintenance reserve 26,005,398 25,206,15810. Commissions to agents due or accrued-life & annuity contracts, A&H and dep-type contract funds 2,354,097 2,330,72711. Commissions and expense allowances payable on reinsurance assumed 1,288,155 1,171,89412. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 16,698,154 15,621,35813. Transfers to Separate Accounts due or accrued (net) (36,643,918) (37,154,772)14. Taxes, licenses and fees due or accrued, excluding federal income taxes 1,913,693 2,502,24315.1. Current federal and foreign income taxes including on realized capital gains (losses) 5,193,956 5,962,45415.2. Net deferred tax liability 2,250,117 2,754,75716. Unearned investment income 1,058,951 1,168,19917. Amounts withheld or retained by company as agent or trustee 5,193,273 5,772,32218. Amounts held for agents' account, including agents' credit balances 777,952 730,52919. Remittances and items not allocated 8,725,206 8,390,82020. Net adjustment in assets and liabilities due to foreign exchange rates 616,542 458,41921. Liability for benefits for employees and agents if not included above 5,396,512 5,927,13822. Borrowed money and interest thereon 17,847,894 15,703,42123. Dividends to stockholders declared and unpaid 346,177 387,20624. Miscellaneous liabilties: 24.01. Asset valuation reserve (AVR, Line 16, Col. 7) 46,628,070 43,127,917 24.02. Reinsurance in unauthorized and certified ($......) companies 510,056 483,664 24.03. Funds held under reinsurance treaties with unauthorized and certified ($..)reinsurers 85,357,113 87,743,879 24.04. Payable to parent, subsidiaries and affiliates 7,952,695 6,767,499 24.05. Drafts outstanding 509,270 587,274 24.06. Liability for amounts held under uninsured plans 914,911 860,086 24.07. Funds held under coinsurance 57,192,646 51,862,817 24.08. Derivatives 32,075,145 19,127,252 24.09. Payable for securities 7,242,849 8,599,910 24.10. Payable for securities lending 53,211,594 51,714,651 24.11. Capital notes and interest thereon 0 025. Aggregate write-ins for liabilities 46,422,249 54,180,823

26. Total liabilities excluding Separate Accounts business (Lines 1 to 25) 3,350,221,249 3,267,806,233

27. From Separate Accounts statement 2,326,969,107 2,050,691,85028. Total liabilities (Lines 26 and 27) 5,677,190,356 5,318,498,083

29. Common capital stock 3,139,768 3,109,35230. Preferred capital stock 239,372 242,48931. Aggregate write-ins for other than special surplus funds 2,711,828 3,121,06032. Surplus notes 29,129,931 29,250,46933. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col.1) 187,552,267 193,090,12834. Aggregate write-ins for special surplus funds 32,675,425 30,588,96035. Unassigned funds (surplus) 158,872,825 142,772,66236. Less treasury stock, at cost: 36.1. Shares common (value included in Line 29) 402,923 400,678 36.2. Shares preferred (value included in Line 30) 58,201 58,20137. Surplus (Total Lines 31 + 32 + 33 + 34 + 35 - 36) 410,481,152 398,364,400

38. Totals of Lines 29, 30 and 37 (Page 4, Line 55) 413,860,291 401,716,240

39. Totals of Lines 28 and 38 (Page 2, Line 28, Col.3) 6,091,050,648 5,720,214,323



(Name)(000's)



2012

01. Aggregate reserve for life contracts (Exhibit 5, Line9999999) including in Line 6.3 2,305,694,518 2,312,832,14002. Aggregate reserve for accident and health contracts (Exhibit 7, Line 14, Col.1) 219,236,246 222,387,59103. Liability for deposit-type contracts (Exhibit 7,Line 14, Col. 1) (including Modco reserve) 270,575,924 266,876,14304. Contract claims: 04.1. Life 20,720,706 20,611,735 04.2. Accident and health 22,103,196 22,473,91605. Policyholders' dividends and coupons due and unpaid (94,675) (45,840)06. Provision for policyholders' dividends and coupons payable in following calendar year -- estimated amounts: 06.1. Dividends apportioned for payment (including Modco) 16,399,535 16,391,076 06.2. Dividends not yet apportioned (including Modco) 172,953 185,862 06.3. Coupons and similar benefits (including Modco) 617 55507. Amount provisionally held for deferred dividend policies not included in Line 6 9 908. Premiums and annuity considerations for life and accident and health contracts received in advance less discount; including accident and health premium 14,148,867 8,512,07809. Contract liabilities not included elsewhere 09.1. Surrender values on canceled contracts 179,209 139,233 09.2. Provision for experience rating refunds, including the liability of accident and heal 5,995,781 5,959,942 experience rating refunds of which is for medical loss ratio rebate per the Public Health Service Act 09.3 Other amounts payable on reinsurance, including assumed and ceded 9,356,892 8,840,742 09.4. Interest maintenance reserve 25,212,642 20,249,48810. Commissions to agents due or accrued-life & annuity contracts, A&H and dep-type contract funds 2,332,257 2,405,53811. Commissions and expense allowances payable on reinsurance assumed 1,182,195 1,150,47312. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 15,628,505 15,232,07513. Transfers to Separate Accounts due or accrued (net) (37,154,772) (34,764,810)14. Taxes, licenses and fees due or accrued, excluding federal income taxes 2,504,039 2,581,88515.1. Current federal and foreign income taxes including on realized capital gains (losses) 5,961,900 4,601,01815.2. Net deferred tax liability 2,755,432 3,038,87316. Unearned investment income 1,168,290 1,181,91217. Amounts withheld or retained by company as agent or trustee 5,772,767 5,494,35018. Amounts held for agents' account, including agents' credit balances 730,529 741,38819. Remittances and items not allocated 8,261,155 8,021,13720. Net adjustment in assets and liabilities due to foreign exchange rates 458,419 16,19221. Liability for benefits for employees and agents if not included above 5,927,191 6,063,91622. Borrowed money and interest thereon 15,703,421 16,389,38223. Dividends to stockholders declared and unpaid 387,206 917,65824. Miscellaneous liabilties: 24.01. Asset valuation reserve (AVR, Line 16, Col. 7) 43,132,089 37,965,399 24.02. Reinsurance in unauthorized and certified ($......) companies 483,664 675,977 24.03. Funds held under reinsurance treaties with unauthorized and certified ($..)reinsurers 87,742,552 81,592,304 24.04. Payable to parent, subsidiaries and affiliates 6,780,249 7,491,492 24.05. Drafts outstanding 589,306 628,805 24.06. Liability for amounts held under uninsured plans 867,553 1,798,242 24.07. Funds held under coinsurance 51,864,685 41,166,746 24.08. Derivatives 19,127,252 16,751,761 24.09. Payable for securities 8,600,256 7,883,800 24.10. Payable for securities lending 47,811,226 37,597,078 24.11. Capital notes and interest thereon 0 025. Aggregate write-ins for liabilities 58,093,681 55,531,988








(Name)(000's)



2011

01. Aggregate reserve for life contracts (Exhibit 5, Line9999999) including in Line 6.3 2,313,672,442 2,190,656,60402. Aggregate reserve for accident and health contracts (Exhibit 7, Line 14, Col.1) 222,321,273 207,127,19603. Liability for deposit-type contracts (Exhibit 7,Line 14, Col. 1) (including Modco reserve) 266,876,143 272,070,77404. Contract claims: 04.1. Life 20,617,949 18,650,890 04.2. Accident and health 22,555,846 22,897,39505. Policyholders' dividends and coupons due and unpaid (45,840) (135,044)06. Provision for policyholders' dividends and coupons payable in following calendar year -- estimated amounts: 06.1. Dividends apportioned for payment (including Modco) 16,391,076 16,460,821 06.2. Dividends not yet apportioned (including Modco) 185,862 215,946 06.3. Coupons and similar benefits (including Modco) 555 70307. Amount provisionally held for deferred dividend policies not included in Line 6 9 1008. Premiums and annuity considerations for life and accident and health contracts received in advance less discount; including accident and health premium 8,512,084 4,955,34809. Contract liabilities not included elsewhere 09.1. Surrender values on canceled contracts 139,233 126,022 09.2. Provision for experience rating refunds, including the liability of accident and heal 6,071,288 5,425,434 experience rating refunds of which is for medical loss ratio rebate per the Public Health Service Act 09.3 Other amounts payable on reinsurance, including assumed and ceded 8,831,176 8,053,904 09.4. Interest maintenance reserve 20,366,425 15,487,29010. Commissions to agents due or accrued-life & annuity contracts, A&H and dep-type contract funds 2,395,807 2,390,45711. Commissions and expense allowances payable on reinsurance assumed 1,149,948 926,45312. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 15,242,994 14,354,04413. Transfers to Separate Accounts due or accrued (net) (34,764,810) (36,099,569)14. Taxes, licenses and fees due or accrued, excluding federal income taxes 2,582,778 2,185,22715.1. Current federal and foreign income taxes including on realized capital gains (losses) 4,757,745 5,902,13815.2. Net deferred tax liability 3,038,888 1,515,40116. Unearned investment income 1,181,951 1,199,82317. Amounts withheld or retained by company as agent or trustee 5,504,679 4,371,04218. Amounts held for agents' account, including agents' credit balances 743,468 762,90819. Remittances and items not allocated 7,967,388 8,558,61520. Net adjustment in assets and liabilities due to foreign exchange rates 16,192 58,25821. Liability for benefits for employees and agents if not included above 6,063,913 6,288,39522. Borrowed money and interest thereon 16,390,067 15,781,52423. Dividends to stockholders declared and unpaid 917,658 737,20724. Miscellaneous liabilties: 24.01. Asset valuation reserve (AVR, Line 16, Col. 7) 37,937,863 29,969,051 24.02. Reinsurance in unauthorized companies 675,383 981,353 24.03. Funds held under reinsurance treaties with unauthorized reinsurers 81,245,829 84,460,687 24.04. Payable to parent, subsidiaries and affiliates 7,683,552 7,391,422 24.05. Drafts outstanding 628,985 576,008 24.06. Liability for amounts held under uninsured plans 2,005,029 1,696,652 24.07. Funds held under coinsurance 41,514,955 32,447,877 24.08. Derivatives 16,711,306 12,604,280 24.09. Payable for securities 7,867,204 5,323,417 24.10. Payable for securities lending 37,077,953 38,917,438 24.11. Capital notes and interest thereon 0 501,58425. Aggregate write-ins for liabilities 56,199,814 45,567,852








(Name)(000's)


3OF THE ......................................................................2010ANNUAL STATEMENT FOR THE YEAR

2010

01. Aggregate reserve for life contracts (Exhibit 5, Line9999999) including in Line 6.3 2,190,411,094 2,112,146,24502. Aggregate reserve for accident and health contracts (Exhibit 7, Line 14, Col.1) 207,148,077 190,097,17003. Liability for deposit-type contracts (Exhibit 7,Line 14, Col. 1) (including Modco reserve) 273,146,037 280,818,10004. Contract claims: 04.1. Life 18,648,475 18,100,844 04.2. Accident and health 23,060,058 23,715,04105. Policyholders' dividends and coupons due and unpaid (137,396) (12,460)06. Provision for policyholders' dividends and coupons payable in following calendar year -- estimated amounts: 06.1. Dividends apportioned for payment (including Modco) 16,462,091 16,544,990 06.2. Dividends not yet apportioned (including Modco) 215,946 232,550 06.3. Coupons and similar benefits (including Modco) 703 75107. Amount provisionally held for deferred dividend policies not included in Line 6 10 1008. Premiums and annuity considerations for life and accident and health contracts received in advance less discount; including accident and health premium 4,960,428 3,670,40509. Contract liabilities not included elsewhere 09.1. Surrender values on canceled contracts 126,022 173,278 09.2. Provision for experience rating refunds 5,428,207 5,130,352 09.3. Other amounts payable on reinsurance including assumed and ceded 8,047,379 7,734,294 09.4. Interest maintenance reserve 15,485,716 10,449,31510. Commissions to agents due or accrued-life & annuity contracts, A&H and dep-type contract funds 2,392,102 2,254,30311. Commissions and expense allowances payable on reinsurance assumed 928,324 2,294,03612. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 14,262,425 13,713,48813. Transfers to Separate Accounts due or accrued (net) (36,099,569) (34,681,390)14. Taxes, licenses and fees due or accrued, excluding federal income taxes 2,183,521 1,966,82615.1. Current federal and foreign income taxes including on realized capital gains (losses) 5,929,282 5,460,91515.2. Net deferred tax liability 1,515,401 1,175,84116. Unearned investment income 1,198,877 1,274,65617. Amounts withheld or retained by company as agent or trustee 4,373,405 5,185,72318. Amounts held for agents' account, including agents' credit balances 763,287 747,60219. Remittances and items not allocated 8,597,009 8,588,49520. Net adjustment in assets and liabilities due to foreign exchange rates 58,258 554,12921. Liability for benefits for employees and agents if not included above 6,289,109 6,158,47922. Borrowed money and interest thereon 15,773,727 20,699,97823. Dividends to stockholders declared and unpaid 737,207 211,97224. Miscellaneous liabilties: 24.01. Asset valuation reserve (AVR, Line 16, Col. 7) 29,963,373 19,928,146 24.02. Reinsurance in unauthorized companies 981,025 2,232,721 24.03. Funds held under reinsurance treaties with unauthorized reinsurers 84,459,836 81,938,636 24.04. Payable to parent, subsidiaries and affiliates 7,493,617 7,616,240 24.05. Drafts outstanding 577,693 592,634 24.06. Liability for amounts held under uninsured plans 1,699,859 1,713,363 24.07. Funds held under coinsurance 32,424,671 32,860,517 24.08. Derivatives 12,487,656 9,514,173 24.09. Payable for securities 5,323,425 5,269,227 24.10. Payable for securities lending 38,989,814 27,432,776 24.11. Capital notes and interest thereon 501,584 501,58425. Aggregate write-ins for liabilities 45,631,842 48,039,115








(Name)(000's)

2009 LIABILITIES, SURPLUS AND OTHER FUNDS Current Year Prior Year

3

01. Aggregate reserve for life contracts (Exhibit 5, Line9999999) including in Line 6.3 2,112,260,091 2,034,088,71302. Aggregate reserve for accident and health contracts (Exhibit 7, Line 14, Col.1) 190,293,353 180,362,14603. Liability for deposit-type contracts (Exhibit 7,Line 14, Col. 1) (including Modco reserve) 280,983,552 337,108,96404. Contract claims: 04.1. Life 18,103,845 18,107,246 04.2. Accident and health 23,883,209 23,511,18505. Policyholders' dividends and coupons due and unpaid (12,460) (192,007)06. Provision for policyholders' dividends and coupons payable in following calendar year -- estimated amounts: 06.1. Dividends apportioned for payment (including Modco) 16,545,086 17,664,892 06.2. Dividends not yet apportioned (including Modco) 232,966 260,270 06.3. Coupons and similar benefits (including Modco) 751 87107. Amount provisionally held for deferred dividend policies not included in Line 6 10 3708. Premiums and annuity considerations for life and accident and health contracts received in advance less discount; including accident and health premium 3,720,728 3,309,00109. Contract liabilities not included elsewhere 09.1. Surrender values on canceled contracts 173,278 193,361 09.2. Provision for experience rating refunds 5,131,134 5,017,158 09.3. Other amounts payable on reinsurance including assumed and ceded 7,540,766 8,749,481 09.4. Interest maintenance reserve 10,455,395 9,176,71510. Commissions to agents due or accrued-life & annuity contracts, A&H and dep-type contract funds 2,260,827 2,269,51811. Commissions and expense allowances payable on reinsurance assumed 2,294,383 1,406,92212. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 13,733,156 13,267,99013. Transfers to Separate Accounts due or accrued (net) (34,681,390) (24,893,103)14. Taxes, licenses and fees due or accrued, excluding federal income taxes 1,973,333 1,788,44815.1. Current federal and foreign income taxes including on realized capital gains (losses) 5,693,952 4,037,30015.2. Net deferred tax liability 1,190,156 852,92916. Unearned investment income 1,274,790 1,288,58717. Amounts withheld or retained by company as agent or trustee 5,188,730 4,854,49018. Amounts held for agents' account, including agents' credit balances 747,664 710,82619. Remittances and items not allocated 8,606,319 10,124,41720. Net adjustment in assets and liabilities due to foreign exchange rates 554,129 348,74721. Liability for benefits for employees and agents if not included above 6,158,480 5,475,83822. Borrowed money and interest thereon 20,701,729 22,297,50323. Dividends to stockholders declared and unpaid 211,982 190,78024. Miscellaneous liabilties: 24.1. Asset valuation reserve (AVR, Line 16, Col. 7) 19,935,724 20,913,765 24.2. Reinsurance in unauthorized companies 2,233,046 797,971 24.3. Funds held under reinsurance treaties with unauthorized reinsurers 81,937,615 91,538,437 24.4. Payable to parent, subsidiaries and affiliates 7,666,390 9,669,026 24.5. Drafts outstanding 592,634 527,425 24.6. Liability for amounts held under uninsured plans 1,729,824 1,056,136 24.7. Funds held under coinsurance 32,866,672 17,101,744 24.8. Payable for securities 5,271,213 5,720,867 24.9. Capital notes and interest thereon 501,584 501,58425. Aggregate write-ins for liabilities 84,467,915 99,281,777








(000's omitted)

4

Summary of Operations Current Year Prior Year


2013

01. Premiums and annuity considerations for life and accident and health contracts 580,738,514 642,596,12602. Considerations for supplementary contracts with life contingencies 2,494,760 2,405,97603. Net investment income (Exhibit of Net Investment Income, Line 17) 174,145,287 169,653,42504. Amortization of Interest Maintenance Reserve (IMR, Line 5) 3,519,346 2,981,59605. Separate Accounts net gain from operations excluding unrealized gains or losses (104,289) 2,948,60906. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col.1) 20,186,634 18,236,01907. Reserve adjustments on reinsurance ceded (21,247,568) (30,763,749)08. Miscellaneous income: 08.1. Income from fees associated with investment management administration and contract guarantees from Separate Accounts 31,425,611 29,516,569 08.2. Charges and fees for deposit-type contracts 204,090 196,753 08.3. Aggregate write-ins for miscellaneous income 19,286,139 17,260,77909. Totals (Lines 1 to 8.3) 810,648,523 855,032,10410. Death benefits 62,577,038 61,749,18611. Matured endowments (excluding guaranteed annual pure endowments) 369,299 416,13612. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8) 74,882,585 70,288,53413. Disability benefits and benefits under accident and health contracts 127,678,627 123,521,89714. Coupons, guaranteed annual pure endowments and similar benefits 17,234 17,19115. Surrender benefits and withdrawals for life contracts 248,768,774 245,787,44516. Group conversions 52,893 27,83417. Interest and adjustments on contract or deposit-type contract funds 8,197,554 7,327,96418. Payments on supplementary contracts with life contingencies 1,985,919 1,809,67719. Increase in aggregate reserves for life and accident and health contracts 78,046,574 76,432,93620. Totals (Lines 10 to 19) 602,576,497 587,378,80021. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1) 41,233,322 41,586,67422. Commissions & expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)23. General insurance expenses (Exhibit 2, Line 10, Col. 1, 2, 3 and 4) 60,861,563 59,295,72624. Insurance taxes, licenses and fees, excluding federal income taxes 8,389,152 8,209,65025. Increase in loading on deferred and uncollected premiums 40,241 143,34426. Net transfers to or (from) Separate Accounts net of reinsurance (771,567) 61,550,51227. Aggregate write-ins for deductions (411,316) 6,827,21428. Totals (Lines 20 to 27) 724,158,669 776,453,48329. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28) 86,489,853 78,578,62130. Dividends to policyholders 15,704,938 15,256,76331. Net gains from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30) 70,784,916 63,321,85832. Federal and foreign income taxes incurred (excluding tax on capital gains) 8,894,575 10,170,21733. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32) 61,890,341 53,151,64134. Net realized capital gains or (losses) (excluding gains (losses) transferred to the IMR) (12,026,373) (9,444,986)35. Net income (Line 33 plus Line 34) 49,863,968 43,706,655

CAPITAL AND SURPLUS ACCOUNT36. Capital and surplus, December 31, prior year (Page 3, Line 38, Col.2) 401,716,240 379,231,46737. Net income (Line 35) 49,863,968 43,706,65538. Change in net unrealized capital gains (losses) less capital gains tax of 1,538,090 6,439,97239. Change in net unrealized foreign exchange capital gain (loss) (782,516) (1,958,602)40. Change in net deferred income tax 881,326 (571,675)41. Change in nonadmitted assets (955,630) 2,361,09042. Change in liability for reinsurance in unauthorized companies (26,405) 200,85843. Change in reserve on account of change in valuation basis, (increase) or decrease (1,380,126) (642,194)44. Change in asset valuation reserve (3,769,838) (5,155,298)45. Change in treasury stock (Page 3, Line36.1 and 36.2 Col.2 minus Col. 1) (2,245) (10,784)46. Surplus (contributed to) withdrawn from Separate Accounts during period 375,050 5,795,20847. Other changes in surplus in Separate Accounts statement (369,250) (4,128,273)48. Change in surplus notes (120,643) (1,536,026)49. Cumulative effect of changes in accounting principles (893,451) 1,351,70350. Capital changes: 50.1. Paid in 26,268 2,235 50.2. Transferred from surplus (Stock Dividend) 2,485 2,523 50.3. Transferred to surplus (1,307) (1,450)51. Surplus adjustments: 51.1. Paid in (1,161,057) 9,492,197 51.2. Transferred to capital (Stock Dividend) 16,310 (2,523) 51.3. Transferred from capital (168,858) 997 51.4. Change in surplus as a result of reinsurance (1,094,480) 624,55952. Dividends to stockholders (31,002,251) (22,149,361)53. Aggregate write-ins for gains and losses in surplus 1,168,609 (11,337,036)54. Net change in capital and surplus for the year (Line 37 through 53) 12,144,051 22,484,77355. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38) 413,860,291 401,716,240



(000's omitted)

4

Summary of Operations Current Year Prior Year

OF THE ...................................................................2012ANNUAL STATEMENT FOR THE YEAR

01. Premiums and annuity considerations for life and accident and health contracts 643,023,819 619,818,05402. Considerations for supplementary contracts with life contingencies 2,406,027 2,235,37003. Net investment income (Exhibit of Net Investment Income, Line 17) 169,675,368 171,758,48304. Amortization of Interest Maintenance Reserve (IMR, Line 5) 2,982,895 2,237,00705. Separate Accounts net gain from operations excluding unrealized gains or losses 2,948,609 335,85406. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col.1) 18,257,462 15,959,85407. Reserve adjustments on reinsurance ceded (30,779,711) (16,254,748)08. Miscellaneous income: 08.1. Income from fees associated with investment management administration and contract guarantees from Separate Accounts 29,516,598 26,085,942 08.2. Charges and fees for deposit-type contracts 196,753 171,637 08.3. Aggregate write-ins for miscellaneous income 16,866,733 15,247,74109. Totals (Lines 1 to 8.3) 855,094,554 837,595,19310. Death benefits 61,679,334 60,595,39711. Matured endowments (excluding guaranteed annual pure endowments) 415,088 737,78512. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8) 70,296,479 70,918,49013. Disability benefits and benefits under accident and health contracts 123,876,466 119,125,54814. Coupons, guaranteed annual pure endowments and similar benefits 17,179 16,07515. Surrender benefits and withdrawals for life contracts 245,728,482 237,266,09116. Group conversions 27,891 27,88417. Interest and adjustments on contract or deposit-type contract funds 7,321,456 9,708,69018. Payments on supplementary contracts with life contingencies 1,809,677 1,690,84119. Increase in aggregate reserv

2013 life stat comp · 2013 annual statement page 2013 report page 49 schedule t – exhibit of...

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