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OF THE
Appleton
in the state of WI
of the state of
For the Year Ended
2011
FRATERNAL
*56014201120100100*
ANNUAL STATEMENT
For the Year Ended December 31, 2011
of the Condition and Affairs of the
US
625 Fourth Avenue South MS-Reg Financial.. Minneapolis ..... MN ..... 55415-1624 800-847-4836
Mail Address
625 Fourth Avenue South MS-Reg Financial.. Minneapolis ..... MN ..... 55415-1624
625 Fourth Avenue South MS-Reg Financial.. Minneapolis ..... MN ..... 55415-1624 800-847-4836
www.thrivent.com
Joseph Edward Barnes
612-844-4243
(Name)
joe.barnes@thrivent.com
612-844-7373
(E-Mail Address)
(Fax Number)
OFFICERS
Name
1. Bradford Leigh Hewitt
Title
CEO & President
Name
2. Teresa Joy Rasmussen
Treasurer
Title
Sr. VP, General Counsel &
Secretary
Actuary
OTHER
Pamela Joyce Moret
Knut Andrew Olson #
Russell William Swansen
Marie Alice Uhrich
DIRECTORS OR TRUSTEES
Addie Joyner Butler
Frederick George Kraegel
Frank Henry Moeller
Kurt Martin Senske
State of........
County of.....
Minnesota
Hennepin
The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period
stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as
herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement
of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions
therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures
manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and
procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also
includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the
enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.
(Signature)
Bradford Leigh Hewitt
1. (Printed Name)
CEO & President
(Title)
Subscribed and sworn to before me
31st
This
day of
(Signature)
Teresa Joy Rasmussen
2. (Printed Name)
Sr. VP, General Counsel & Secretary
(Title)
a. Is this an original filing?
January
2012
b. If no
(Signature)
Paul Bernard Zastrow
3. (Printed Name)
Treasurer
(Title)
Yes [ X ]
No [ ]
ASSETS
1
Current Year
2
Assets
Nonadmitted
Assets
3
Net Admitted
Assets
(Cols. 1 - 2)
Prior Year
4
Net
Admitted Assets
1.
2.
3.
4.
2.1
2.2
3.2
4.2
4.3
Properties held for sale (less $..........0 encumbrances).......................................... .................37,164,329 .................................... .................37,164,329 .................48,855,612
5.
6.
Contract loans (including $..........0 premium notes).......................................................... ...........1,261,431,538 .................................... ...........1,261,431,538 ...........1,262,606,022
7.
8.
9.
10. Securities lending reinvested collateral assets (Schedule DL)......................................... .................................... .................................... .................................0 ....................................
11. Aggregate write-ins for invested assets............................................................................. .................................0 .................................0 .................................0 .................................0
12. Subtotals, cash and invested assets (Lines 1 to 11)......................................................... .........48,310,170,527 ...................8,128,830 .........48,302,041,697 .........45,972,555,848
13. Title plants less $..........0 charged off (for Title insurers only)........................................... .................................... .................................... .................................0 ....................................
14. Investment income due and accrued................................................................................. ..............419,403,468 ...................2,056,425 ..............417,347,043 ..............404,306,596
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in course of collection..................... ...................2,088,018 .................................... ...................2,088,018 ...................4,912,344
15.2 Deferred premiums, agents' balances and installments booked but deferred
and not yet due (including $..........0 earned but unbilled premiums)...................... ..............108,126,271 .................................... ..............108,126,271 ..............107,612,812
15.3 Accrued retrospective premiums............................................................................. .................................... .................................... .................................0 ....................................
16. Reinsurance:
16.1 Amounts recoverable from reinsurers..................................................................... ...................3,466,243 .................................... ...................3,466,243 ...................2,798,882
16.2 Funds held by or deposited with reinsured companies........................................... .................................... .................................... .................................0 ....................................
16.3 Other amounts receivable under reinsurance contracts......................................... ..........................9,114 .................................... ..........................9,114 ..........................8,245
17. Amounts receivable relating to uninsured plans................................................................ .................................... .................................... .................................0 ....................................
18.1 Current federal and foreign income tax recoverable and interest thereon....................... .................................... .................................... .................................0 ....................................
18.2 Net deferred tax asset........................................................................................................ .................................... .................................... .................................0 ....................................
19. Guaranty funds receivable or on deposit........................................................................... .................................... .................................... .................................0 ....................................
20. Electronic data processing equipment and software......................................................... .................65,604,144 .................57,094,785 ...................8,509,359 ...................5,458,989
21. Furniture and equipment, including health care delivery assets ($..........0)..................... .................14,153,172 .................14,153,172 .................................0 ....................................
22. Net adjustment in assets and liabilities due to foreign exchange rates............................ .................................... .................................... .................................0 ....................................
23. Receivables from parent, subsidiaries and affiliates......................................................... ...................8,882,571 .................................... ...................8,882,571 ...................7,496,471
24. Health care ($..........0) and other amounts receivable...................................................... ...................1,814,927 ...................1,814,927 .................................0 ....................................
25. Aggregate write-ins for other than invested assets........................................................... ..............129,894,791 ..............122,521,297 ...................7,373,494 ...................7,045,095
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected
Cell Accounts (Lines 12 to 25)........................................................................................... .........49,063,613,248 ..............205,769,437 .........48,857,843,811 .........46,512,195,281
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts............... .........13,398,945,737 .................................... .........13,398,945,737 .........12,712,554,622
28. TOTALS (Lines 26 and 27)................................................................................................ .........62,462,558,984 ..............205,769,437 .........62,256,789,548 .........59,224,749,903
DETAILS OF WRITE-INS
1101. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
1102. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
1103. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
1198. Summary of remaining write-ins for Line 11 from overflow page...................................... .................................0 .................................0 .................................0 .................................0
1199. Totals (Lines 1101 thru 1103 plus 1198) (Line 11 above)................................................ .................................0 .................................0 .................................0 .................................0
2501. Prepaid expenses............................................................................................................... ..............113,380,576 ..............113,380,576 .................................0 ....................................
2502. Miscellaneous assets and receivables.............................................................................. ...................8,496,917 ...................1,123,423 ...................7,373,494 ...................7,045,095
2503. Unsecured loans................................................................................................................ ...................8,017,298 ...................8,017,298 .................................0 ....................................
2598. Summary of remaining write-ins for Line 25 from overflow page...................................... .................................0 .................................0 .................................0 .................................0
2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)................................................ ..............129,894,791 ..............122,521,297 ...................7,373,494 ...................7,045,095
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
2201.
2202.
2203.
2298.
2299.
2601.
2602.
2603.
2698.
2699.
2801.
2802.
2803.
2898.
2899.
1
2
Current Year
Prior Year
Aggregate reserve for life certificates and contracts (Exhibit 5, Line 9999999) (including $..........0 Modco Reserve)....................... ..............33,437,115,016 ..............32,246,873,197
Aggregate reserve for accident and health contracts (Exhibit 6, Line 16, Col. 1) (including $.........0 Modco Reserve)...................... ................4,136,054,845 ................3,848,870,233
Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..........0 Modco Reserve)................................................... ................2,854,418,593 ................2,626,029,738
Contract claims:
4.1 Life (Exhibit 8, Part 1, Line 4.4, Column 1 less sum of Columns 9, 10 and 11)......................................................................... ...................189,007,283 ...................186,209,187
4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Columns 9, 10 and 11)....................................................................... .....................32,395,950 .....................36,031,814
Refunds due and unpaid (Exhibit 4, Line 10)........................................................................................................................................ ..........................888,908 ..........................910,213
Provision for refunds payable in following calendar year-estimated amounts:
6.1 Apportioned for payment.............................................................................................................................................................. ...................290,339,129 ...................304,987,326
6.2 Not yet apportioned...................................................................................................................................................................... ......................................... .........................................
Premiums and annuity considerations for life and accident and health contracts received in advance less $..........0
discount; including $.....9,724,463 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)........................ .....................14,934,768 .....................15,848,509
Contract liabilities not included elsewhere:
8.1 Surrender values on canceled contracts..................................................................................................................................... ......................................... .........................................
8.2 Other amounts payable on reinsurance including $..........0 assumed and $..........0 ceded...................................................... ......................................... .........................................
8.3 Interest Maintenance Reserve (IMR, Line 6)............................................................................................................................... ...................347,190,329 ...................237,785,572
Commissions to fieldworkers due or accrued-life and annuity contracts $.....13,256,466 ; accident and health $......1,022,141
and deposit-type contract funds $.....740,513....................................................................................................................................... .....................15,019,120 .....................16,082,275
Commissions and expense allowances payable on reinsurance assumed......................................................................................... ......................................... .........................................
General expenses due or accrued (Exhibit 2, Line 12, Col. 7)............................................................................................................. .....................54,517,042 .....................53,900,965
Transfers to Separate Accounts due or accrued (net) (including $.....(277,790,433) accrued for expense allowances
recognized in reserves).......................................................................................................................................................................... ..................(287,144,331) ..................(272,449,358)
Taxes, licenses and fees due or accrued (Exhibit 3, Line 8, Col. 6)..................................................................................................... .......................3,944,714 .......................4,208,520
Unearned investment income................................................................................................................................................................ .......................8,613,044 .......................8,526,581
Amounts withheld or retained by Society as agent or trustee............................................................................................................... .....................12,673,727 .......................7,967,409
Amounts held for fieldworkers' account, including $..........0 fieldworkers' credit balances.................................................................. ......................................... .........................................
Remittances and items not allocated..................................................................................................................................................... .....................30,291,040 .....................19,456,912
Net adjustment in assets and liabilities due to foreign exchange rates................................................................................................ ......................................... .........................................
Liability for benefits for employees and fieldworkers if not included above.......................................................................................... ...................246,315,100 ...................264,309,512
Borrowed money $.....451,172 and interest thereon $..........0.............................................................................................................. ..........................451,172 .........................................
Miscellaneous liabilities:
21.1 Asset valuation reserve (AVR, Line 16, Col. 7)........................................................................................................................... ................1,245,000,574 ...................816,075,039
21.2 Reinsurance in unauthorized companies.................................................................................................................................... ......................................... .........................................
21.3 Funds held under reinsurance treaties with unauthorized reinsurers......................................................................................... ......................................... .........................................
21.4 Payable to subsidiaries and affiliates........................................................................................................................................... .......................1,069,757 ..........................511,139
21.5 Drafts outstanding........................................................................................................................................................................ ......................................... .........................................
21.6 Funds held under coinsurance.................................................................................................................................................... ......................................... .........................................
21.7 Derivatives.................................................................................................................................................................................... ......................................... ..........................531,251
21.8 Payable for securities................................................................................................................................................................... ................1,616,649,718 ................1,602,499,757
21.9 Payable for securities lending...................................................................................................................................................... ...................448,704,639 ...................341,508,147
Aggregate write-ins for liabilities............................................................................................................................................................ ...................319,034,782 ...................204,913,901
Total liabilities excluding Separate Accounts business (Lines 1 to 22)................................................................................................ ..............45,017,484,918 ..............42,571,587,841
From Separate Accounts statement...................................................................................................................................................... ..............13,235,833,846 ..............12,557,585,447
Total liabilities (Lines 23 and 24)........................................................................................................................................................... ..............58,253,318,764 ..............55,129,173,287
Aggregate write-ins for other than liabilities and surplus funds............................................................................................................ ......................................0 ......................................0
Surplus notes......................................................................................................................................................................................... ......................................... .........................................
Aggregate write-ins for surplus funds.................................................................................................................................................... ..........................500,000 ..........................500,000
Unassigned funds.................................................................................................................................................................................. ................4,002,970,784 ................4,095,076,616
Total (Lines 26 through 29) (Page 4, Line 47) (including $.....163,111,893 in Separate Accounts statement)................................... ................4,003,470,784 ................4,095,576,616
Totals (Lines 25 + 30) (Page 2, Line 28, Col. 3)................................................................................................................................... ..............62,256,789,548 ..............59,224,749,903
DETAILS OF WRITE-INS
Additional minimum pension liability......................................................................................................................................................
Postretirement benefit liability................................................................................................................................................................
Other liabilities........................................................................................................................................................................................
Summary of remaining write-ins for Line 22 from overflow page..........................................................................................................
Totals (Lines 2201 thru 2203 plus 2298) (Line 22 above)....................................................................................................................
................................................................................................................................................................................................................
................................................................................................................................................................................................................
................................................................................................................................................................................................................
Summary of remaining write-ins for Line 26 from overflow page..........................................................................................................
Totals (Lines 2601 thru 2603 plus 2698) (Line 26 above)....................................................................................................................
Contingency reserve for Separate Account business...........................................................................................................................
................................................................................................................................................................................................................
................................................................................................................................................................................................................
Summary of remaining write-ins for Line 28 from overflow page..........................................................................................................
Totals (Lines 2801 thru 2803 plus 2898) (Line 28 above)....................................................................................................................
...................239,041,780
.....................77,795,955
.......................2,197,046
......................................0
...................319,034,782
.........................................
.........................................
.........................................
......................................0
......................................0
..........................500,000
.........................................
.........................................
......................................0
..........................500,000
...................129,252,827
.....................70,679,163
.......................4,981,910
......................................0
...................204,913,901
.........................................
.........................................
.........................................
......................................0
......................................0
..........................500,000
.........................................
.........................................
......................................0
..........................500,000
SUMMARY OF OPERATIONS
1.
2.
3.
4.
5.
6.
7.
8.
1
Current Year
............4,751,110,808
...............260,506,022
............2,532,837,903
.................99,695,915
.................14,690,103
.................19,793,499
.....................................
2
Prior Year
............4,509,917,928
...............299,474,460
............2,364,216,691
.................69,139,519
.................12,128,195
.................17,935,504
.....................................
...............305,221,679
.....................................
...................3,500,162
............7,987,356,092
...............796,544,682
...................8,919,956
...............759,952,943
...............263,581,117
............1,625,295,894
...............114,637,813
...............229,024,679
............1,477,403,697
............5,275,360,780
...............259,554,436
.....................................
......................991,391
............7,533,358,124
...............738,415,533
...................7,525,748
...............682,985,950
...............255,398,316
............1,767,526,598
...............108,636,441
...............197,222,243
............1,630,182,433
............5,387,893,262
...............214,232,945
.....................................
...............623,822,437
.................30,726,961
..................(2,187,775)
............1,063,325,048
...................9,994,937
............7,215,275,333
...............772,080,758
...............291,835,074
...............480,245,684
................(56,232,348)
...............424,013,336
...............204,769,168
.....................................
...............575,396,597
.................28,811,753
..................(3,506,772)
...............749,300,800
.................12,046,447
............6,954,711,254
...............578,646,870
...............309,726,884
...............268,919,987
................(19,619,494)
...............249,300,493
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1)................................
Considerations for supplementary contracts with life contingencies..............................................................................................................
Net investment income (Exhibit of Net Investment Income, Line 17).............................................................................................................
Amortization of Interest Maintenance Reserve (IMR, Line 5).........................................................................................................................
Separate Accounts net gain from operations excluding unrealized gains or losses......................................................................................
Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)............................................................
Reserve adjustments on reinsurance ceded...................................................................................................................................................
Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts........
8.2 Charges and fees for deposit-type contracts...........................................................................................................................................
8.3 Aggregate write-ins for miscellaneous income........................................................................................................................................
Totals (Lines 1 to 8.3)......................................................................................................................................................................................
Death benefits..................................................................................................................................................................................................
Matured endowments (excluding guaranteed annual pure endowments).....................................................................................................
Annuity benefits................................................................................................................................................................................................
Disability benefits and benefits under accident and health contracts, including premiums waived $.....31,660,604....................................
Surrender benefits and withdrawals for life contracts.....................................................................................................................................
Interest and adjustments on contract or deposit-type contracts funds...........................................................................................................
Payments on supplementary contracts with life contingencies.......................................................................................................................
Increase in aggregate reserve for life and accident and health contracts......................................................................................................
Totals (Lines 10 to 17).....................................................................................................................................................................................
Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)
(Exhibit 1, Part 2, Line 31, Col. 1 less Col. 5)..................................................................................................................................................
Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1 less Col. 5).....................................
General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6).................................................................
Insurance taxes, licenses and fees (Exhibit 3, Line 6, Cols. 1, 2, 3 and 5)....................................................................................................
Increase in loading on deferred and uncollected premiums...........................................................................................................................
Net transfers to or (from) Separate Accounts net of reinsurance...................................................................................................................
Aggregate write-ins for deductions..................................................................................................................................................................
Totals (Lines 18 to 25).....................................................................................................................................................................................
Net gain from operations before refunds to members (Line 9 minus Line 26)...............................................................................................
Refunds to members (Exhibit 4, Line 17, Cols. 1 + 2)....................................................................................................................................
Net gain from operations after refunds to members and before realized capital gains (losses) (Line 27 minus Line 28)............................
Net realized capital gains (losses) less capital gains tax of $..........0 (excluding $.....209,100,672 transferred to the IMR).........................
Net income (Lines 29 + 30)..............................................................................................................................................................................
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
Surplus, December 31, previous year (Page 3, Line 30, Col. 2)....................................................................................................................
Net income from operations (Line 31).............................................................................................................................................................
Change in net unrealized capital gains (losses) less capital gains tax of $..........0........................................................................................
Change in net unrealized foreign exchange capital gain (loss)......................................................................................................................
Change in nonadmitted assets........................................................................................................................................................................
Change in liability for reinsurance in unauthorized companies......................................................................................................................
Change in reserve on account of change in valuation basis, (increase) or decrease (Exhibit 5A, Line 9999999, Col. 4)............................
Change in asset valuation reserve..................................................................................................................................................................
Surplus (contributed to) withdrawn from Separate Accounts during period...................................................................................................
Other changes in surplus in Separate Accounts statement............................................................................................................................
Change in surplus notes..................................................................................................................................................................................
Cumulative effect of changes in accounting principles...................................................................................................................................
Change in surplus as a result of reinsurance..................................................................................................................................................
Aggregate write-ins for gains and losses in surplus........................................................................................................................................
Net change in surplus for the year (Lines 33 through 45)...............................................................................................................................
Surplus December 31, current year (Lines 32 + 46) (Page 3, Line 30)..........................................................................................................
............4,095,576,616
...............424,013,336
.................16,174,028
..................(6,944,707)
...................5,075,937
.....................................
.....................................
..............(428,925,535)
.................14,827,333
..................(6,537,271)
.....................................
.....................................
.....................................
..............(109,788,953)
................(92,105,832)
............4,003,470,784
............4,126,774,255
...............249,300,493
...............156,500,878
..................(8,199,952)
.................16,283,430
.....................................
.....................................
..............(481,913,090)
.................15,956,331
.................27,179,051
.....................................
.....................................
.....................................
..................(6,304,780)
................(31,197,639)
............4,095,576,616
DETAILS OF WRITE-INS
Miscellaneous income..............................................................................................................................................................................
..................................................................................................................................................................................................................
..................................................................................................................................................................................................................
Summary of remaining write-ins for Line 8.3 from overflow page...........................................................................................................
Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)............................................................................................................
Retirement and disability benefits............................................................................................................................................................
Employee benefits....................................................................................................................................................................................
Miscellaneous expense............................................................................................................................................................................
Summary of remaining write-ins for Line 25 from overflow page............................................................................................................
Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)......................................................................................................................
Change in additional minimum pension liability......................................................................................................................................
..................................................................................................................................................................................................................
..................................................................................................................................................................................................................
Summary of remaining write-ins for Line 45 from overflow page............................................................................................................
Totals (Lines 4501 thru 4503 plus 4598) (Line 45 above)......................................................................................................................
...................3,500,162
.....................................
.....................................
.................................0
...................3,500,162
...................6,157,646
...................3,837,415
............................(124)
.................................0
...................9,994,937
..............(109,788,953)
.....................................
.....................................
.................................0
..............(109,788,953)
......................991,391
.....................................
.....................................
.................................0
......................991,391
...................6,557,182
...................4,115,372
...................1,373,893
.................................0
.................12,046,447
..................(6,304,780)
.....................................
.....................................
.................................0
..................(6,304,780)
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
SURPLUS ACCOUNT
08.301.
08.302.
08.303.
08.398.
08.399.
2501.
2502.
2503.
2598.
2599.
4501.
4502.
4503.
4598.
4599.
CASH FLOW
1
Current Year
2
Prior Year
2.
3.
4.
5.
6.
Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.......................................................... ..................1,062,263,612 .....................796,715,778
7.
Commissions, expenses paid and aggregate write-ins for deductions......................................................................................... .....................875,156,238 .....................813,677,944
8.
9.
Federal and foreign income taxes paid (recovered) net of $..........0 tax on capital gains (losses).............................................. ........................................... ...........................................
10.
11.
Net cash from operations (Line 4 minus Line 10).......................................................................................................................... ..................1,772,950,597 ..................1,790,668,369
12.
14.
Net increase (decrease) in contract loans and premium notes..................................................................................................... ........................(1,174,484) .......................11,559,570
15.
Net cash from investments (Line 12.8 minus Lines 13.7 minus Line 14)..................................................................................... .................(1,613,715,392) .................(2,312,961,164)
16.
Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)................................. .....................211,087,474 .....................237,208,862
18.
Net change in cash, cash equivalents and short-term investments (Line 11 plus Line 15 plus Line 17).................................... .....................370,322,680 ....................(285,083,933)
19.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
Premiums and annuity considerations for life and accident and health contracts..........................................................................................
Considerations for supplementary contracts with life contingencies..............................................................................................................
Net investment income....................................................................................................................................................................................
Amortization of interest maintenance reserve (IMR).......................................................................................................................................
Separate Accounts net gain from operations excluding unrealized gains or losses......................................................................................
Commissions and expense allowances on reinsurance ceded......................................................................................................................
Reserve adjustments on reinsurance ceded...................................................................................................................................................
Miscellaneous Income:
8.1 Fees associated with income from investment management, administration and contract guarantees from Separate Accounts.......
8.2 Charges and fees for deposit-type contracts...........................................................................................................................................
8.3 Aggregate write-ins for miscellaneous income........................................................................................................................................
Totals (Lines 1 to 8.3)......................................................................................................................................................................................
Death benefits..................................................................................................................................................................................................
Matured endowments (excluding guaranteed annual pure endowments).....................................................................................................
Annuity benefits................................................................................................................................................................................................
Disability benefits and benefits under accident and health contracts, including premiums waived $.....31,660,604....................................
Surrender benefits and withdrawals for life contracts.....................................................................................................................................
Interest and adjustments on contract or deposit-type contract funds.............................................................................................................
Payments on supplementary contracts with life contingencies.......................................................................................................................
Increase in aggregate reserve for life and accident and health certificates and contracts............................................................................
Totals (Lines 10 to 17).....................................................................................................................................................................................
Commissions on premiums and annuity considerations and deposit-type funds (direct business only).......................................................
Commissions and expense allowances on reinsurance assumed.................................................................................................................
General insurance expenses and fraternal expenses.....................................................................................................................................
Insurance taxes, licenses and fees.................................................................................................................................................................
Increase in loading on deferred and uncollected premiums...........................................................................................................................
Net transfers to or (from) Separate Accounts net of reinsurance...................................................................................................................
Aggregate write-ins for deductions..................................................................................................................................................................
Totals (Lines 18 to 25).....................................................................................................................................................................................
Net gain from operations before refunds to members (Line 9 minus Line 26)...............................................................................................
Refunds to members........................................................................................................................................................................................
Net gain from operations after refunds to members and before realized capital gains or (losses) (Line 27 minus Line 28)........................
08.301.
08.302.
08.303.
08.398.
08.399.
2501.
2502.
2503.
2598.
2599.
Miscellaneous income..............................................................................................................................................................................
..................................................................................................................................................................................................................
..................................................................................................................................................................................................................
Summary of remaining write-ins for Item 8.3 from overflow page..........................................................................................................
Totals (Lines 08.301 thru 08.303 plus 08.398 above) (Line 8.3 above).................................................................................................
Retirement and disability benefits............................................................................................................................................................
Employee benefits....................................................................................................................................................................................
Miscellaneous expense............................................................................................................................................................................
Summary of remaining write-ins for Item 25 from overflow page...........................................................................................................
Totals (Lines 2501 thru 2503 plus 2598 above) (Line 25 above)...........................................................................................................
Insurance
7
Total
(Columns 2)
through 6)
......4,751,110,808
.........260,506,022
......2,532,837,903
............99,695,915
............14,690,103
............19,793,499
............................0
Accident
and Health
........318,574,083
..............................
........255,927,808
............1,798,755
..............................
..............................
..............................
6
Aggregate of
All Other Lines
of Business
..........................
..........................
.....136,017,930
.......22,846,566
.........8,050,029
..........................
..........................
Fraternal
...............................
...............................
...............................
...............................
...............................
...............................
...............................
Expense
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............495,089
..............................
........................40
........483,590,225
..............................
..............................
..............................
..............................
.................74,520
..........75,062,973
........228,651,041
........119,668,603
........423,457,137
..........10,513,387
..............................
..........20,571,722
............1,428,899
..............................
............1,409,819
..........12,367,750
........469,748,713
..........13,841,511
............3,094,270
..........10,747,242
..............................
..............................
........................20
........576,300,666
..............................
..............................
..............................
........248,488,299
..............................
..........................3
..............................
........287,184,611
........535,672,913
..........14,511,775
..............................
..........22,357,281
............1,246,295
..............................
..............................
...............908,530
........574,696,793
............1,603,873
............6,970,473
...........(5,366,600)
..........................
..........................
.........3,480,001
.....170,394,526
..........................
..........................
..........................
..........................
..........................
..........................
..........................
..........................
.......................0
..........................
..........................
..........................
..........................
..........................
..........................
.........2,108,557
.........2,108,557
.....168,285,969
..........................
.....168,285,969
.........305,221,679
............................0
..............3,500,162
......7,987,356,091
.........796,544,682
..............8,919,956
.........759,952,943
.........263,581,117
......1,625,295,894
.........114,637,813
.........229,024,679
......1,477,403,697
......5,275,360,780
.........214,232,946
............................0
.........463,338,250
............29,660,375
............(2,187,775)
......1,063,325,048
.........171,545,710
......7,215,275,334
.........772,080,758
.........291,835,074
.........480,245,684
...............................
...............................
............................0
............................0
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
...............................
...............................
.........160,484,187
..............1,066,586
...............................
...............................
........(161,550,773)
............................0
............................0
...............................
............................0
...............................
...............................
............................0
............................0
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
...............................
...............................
...............................
...............................
...............................
...............................
............................0
............................0
............................0
...............................
............................0
........................40
..............................
..............................
..........................0
........................40
..............................
..............................
..............................
..........12,367,750
..........12,367,750
........................20
..............................
..............................
..........................0
........................20
..............................
..............................
..............................
...............908,530
...............908,530
.........3,480,001
..........................
..........................
.......................0
.........3,480,001
.........6,157,646
.........3,837,415
..................(124)
.......(7,886,380)
.........2,108,557
..............3,500,162
............................0
............................0
............................0
..............3,500,162
..............6,157,646
..............3,837,415
.......................(124)
.........161,550,773
.........171,545,710
...............................
...............................
...............................
............................0
............................0
...............................
...............................
...............................
........(161,550,773)
........(161,550,773)
...............................
...............................
...............................
............................0
............................0
...............................
...............................
...............................
............................0
............................0
Life
Insurance
.....1,516,899,275
..............................
.....1,225,094,304
..........38,960,061
..............................
..........19,793,499
..............................
Individual
Annuities
.....2,915,637,450
..............................
........699,748,315
..........29,551,005
............6,640,074
..............................
..............................
Supplementary
Contracts
..............................
........260,506,022
........216,049,546
............6,539,528
..............................
..............................
..............................
...............305,221,679 ..........35,798,035
.................................0 ..............................
...................3,500,162 .................19,025
............7,987,356,091 .....2,836,564,199
...............796,544,682 ........796,544,682
...................8,919,956 ............8,919,956
...............759,952,943 ..............................
...............263,581,117 ..........15,058,288
............1,625,295,894 ........377,557,475
...............114,637,813 ............8,254,310
...............229,024,679 ..............................
............1,477,403,697 ........769,352,502
............5,275,360,780 .....1,975,687,213
...............214,232,946 ..........66,949,781
.................................0 ..............................
...............623,822,437 ........203,632,777
.................30,726,961 ..........12,237,919
..................(2,187,775) ...........(2,187,749)
............1,063,325,048 ..........40,879,381
...................9,994,937 ........106,476,434
............7,215,275,334 .....2,403,675,755
...............772,080,758 ........432,888,444
...............291,835,074 ........280,544,336
...............480,245,684 ........152,344,108
DETAILS OF WRITE-INS
...................3,500,162 .................19,025
.................................0 ..............................
.................................0 ..............................
.................................0 ..........................0
...................3,500,162 .................19,025
...................6,157,646 ..............................
...................3,837,415 ..............................
............................(124) ..............................
.................................0 ........106,476,434
...................9,994,937 ........106,476,434
........268,928,555
..............................
...................1,076
.....3,920,506,475
..............................
..............................
........759,952,943
.................34,530
.....1,247,663,899
..........31,320,527
...............373,639
........301,197,980
.....2,340,543,518
........122,258,003
..............................
........216,776,470
..........14,747,262
.......................(26)
.....1,021,035,848
..........49,684,440
.....3,765,045,515
........155,460,960
............1,225,996
........154,234,965
...................1,076
..............................
..............................
..........................0
...................1,076
..............................
..............................
..............................
..........49,684,440
..........49,684,440
Total
............4,751,110,808
...............260,506,022
............2,532,837,903
.................99,695,915
.................14,690,103
.................19,793,499
.................................0
Total
2
Life
Insurance
3
Annuities
4
Supplementary
Contracts
2.
3.
4.
.........................................................80,423,762
5.
.........................................................12,958,831
6.
Increase in reserve on account of change in valuation basis..................................................................................................... ..........................................................................0 ............................................................................. ............................................................................. .............................................................................
7.
8.
9.
.........................................................10,948,474 .......................................................101,716,756
.........................................................10,318,619 ...............................................................314,353
11. Reserves released by other terminations (net)........................................................................................................................... ....................................................1,083,406,805 .......................................................408,142,856 .......................................................675,263,949 .............................................................................
12. Annuity, supplementary contract and disability payments involving life contingencies.............................................................. ....................................................1,548,395,500
1
Collected
During Year
U.S. government bonds.............................................................................................................................................................. (a)...........................41,208,124
Bonds exempt from U.S. tax....................................................................................................................................................... (a)...............................................
Other bonds (unaffiliated)........................................................................................................................................................... (a)......................1,632,325,606
Bonds of affiliates........................................................................................................................................................................ (a)...............................................
Preferred stocks (unaffiliated)..................................................................................................................................................... (b).............................5,013,000
Preferred stocks of affiliates........................................................................................................................................................ (b)...............................................
Common stocks (unaffiliated)..................................................................................................................................................... ...............................14,343,540
Common stocks of affiliates........................................................................................................................................................ ...............................27,406,700
Mortgage loans........................................................................................................................................................................... (c).........................468,525,987
Real estate.................................................................................................................................................................................. (d)...........................24,961,424
Contract loans............................................................................................................................................................................. ...............................89,383,152
Cash, cash equivalents and short-term investments................................................................................................................. (e).............................4,781,999
Derivative instruments................................................................................................................................................................ (f)................................................
Other invested assets................................................................................................................................................................. .............................253,616,493
Aggregate write-ins for investment income................................................................................................................................ .................................2,708,398
Total gross investment income................................................................................................................................................... ..........................2,564,274,423
Investment expenses........................................................................................................................................................................................................................
Investment taxes, licenses and fees, excluding federal income taxes............................................................................................................................................
Interest expense...............................................................................................................................................................................................................................
Depreciation on real estate and other invested assets....................................................................................................................................................................
Aggregate write-ins for deductions from investment income...........................................................................................................................................................
Total deductions (Lines 11 through 15)...........................................................................................................................................................................................
Net investment income (Line 10 minus Line 16)..............................................................................................................................................................................
2
Earned
During Year
...............................37,379,223
...................................................
..........................1,647,740,315
...................................................
.................................5,102,786
...................................................
...............................14,379,447
...............................27,406,701
.............................469,310,554
...............................24,961,424
...............................89,575,141
.................................5,820,991
...................................(514,032)
.............................253,109,472
.................................2,708,398
..........................2,576,980,419
(g)...........................33,512,601
(g).............................2,675,884
(h)...............................................
(i)..............................7,954,031
................................................0
...............................44,142,516
..........................2,532,837,903
0901.
0902.
0903.
0998.
0999.
1501.
1502.
1503.
1598.
1599.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
DETAILS OF WRITE-INS
Miscellaneous investment income.............................................................................................................................................. .................................2,443,792 .................................2,443,792
Leased securities........................................................................................................................................................................ .....................................264,606 .....................................264,606
..................................................................................................................................................................................................... ................................................... ...................................................
Summary of remaining write-ins for Line 9 from overflow page................................................................................................ ................................................0 ................................................0
Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)........................................................................................................... .................................2,708,398 .................................2,708,398
.......................................................................................................................................................................................................................................................... ...................................................
.......................................................................................................................................................................................................................................................... ...................................................
.......................................................................................................................................................................................................................................................... ...................................................
Summary of remaining write-ins for Line 15 from overflow page.................................................................................................................................................... ................................................0
Totals (Lines 1501 thru 1503 plus 1598) (Line 15 above)............................................................................................................................................................... ................................................0
Includes $.....25,723,651 accrual of discount less $.....93,905,549 amortization of premium and less $.....16,549,103 paid for accrued interest on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued dividends on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases.
Includes $.....23,888,278 for company's occupancy of its own buildings; and excludes $..........0 interest on encumbrances.
Includes $.....1,720,837 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium.
Includes $..........0 investment expenses and $..........0 investment taxes, licenses and fees, excluding federal income taxes, attributable to Segregated and Separate Accounts.
Includes $..........0 interest on surplus notes and $..........0 interest on capital notes.
Includes $.....7,954,031 depreciation on real estate and $..........0 depreciation on other invested assets.
1.
1.1
1.2
1.3
2.1
2.11
2.2
2.21
3.
4.
5.
6.
7.
8.
9.
10.
1
Realized
Gain (Loss)
on Sales
or Maturity
.................46,744,707
.....................................
...............166,440,882
.....................................
...................2,517,466
.....................................
.................43,645,234
.......................(25,846)
.....................................
......................436,697
.....................................
......................120,253
................(50,375,981)
.......................(33,709)
.....................(302,435)
...............209,167,268
Other
Realized
Adjustments
.....................................
.....................................
................(29,558,867)
.....................................
............................(288)
.....................................
.........................30,140
.....................................
................(12,231,134)
..................(3,077,546)
.....................................
.....................................
.....................................
................(11,461,250)
..................................0
................(56,298,945)
Total Realized
Capital Gain (Loss)
(Columns 1 + 2)
.................46,744,707
..................................0
...............136,882,016
..................................0
...................2,517,178
..................................0
.................43,675,374
.......................(25,846)
................(12,231,134)
..................(2,640,849)
..................................0
......................120,253
................(50,375,981)
................(11,494,959)
.....................(302,435)
...............152,868,324
Change in
Unrealized
Capital Gain (Loss)
.....................................
.....................................
.................16,568,558
.....................................
.....................................
.....................................
................(80,605,540)
...................6,827,200
.....................................
.....................................
.....................................
.....................................
......................566,773
.................72,817,038
..................................0
.................16,174,028
5
Change in
Unrealized
Foreign Exchange
Capital Gain (Loss)
.....................................
.....................................
..................(5,715,254)
.....................................
.....................................
.....................................
.....................(157,855)
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................(1,071,599)
..................................0
..................(6,944,708)
0901.
0902.
0903.
0998.
0999.
DETAILS OF WRITE-INS
.....................(302,435) .....................................
..................................... .....................................
..................................... .....................................
..................................0 ..................................0
.....................(302,435) ..................................0
.....................(302,435)
..................................0
..................................0
..................................0
.....................(302,435)
.....................................
.....................................
.....................................
..................................0
..................................0
.....................................
.....................................
.....................................
..................................0
..................................0
EXHIBIT 1 - PART 1 - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS
1
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
9
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Total
2
Life
Insurance
3
Individual
Annuities
Insurance
4
Accident
and Health
5
Aggregate of All
Other Lines of Business
6
Total
(Columns 2 through 5)
Fraternal
Expense
...............................7,503,045
.................................................
...............................3,791,457
...............................3,711,588
.................................................
...............................3,711,588
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
....................................17,931
.................................................
.................................................
....................................17,931
.........................................658
....................................17,273
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
...............................7,520,976
.............................................0
...............................3,791,457
...............................3,729,519
.........................................658
...............................3,728,861
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
........................1,739,170,329
.............................................0
...............................8,468,143
........................1,730,702,186
........................1,734,431,047
...............................3,811,612
.............................84,178,354
.................................................
...............................8,468,143
.............................75,710,210
.............................79,421,798
...............................3,817,200
........................1,645,086,078
.................................................
.................................................
........................1,645,086,078
........................1,645,086,078
.................................................
...............................9,905,897
.................................................
.................................................
...............................9,905,897
...............................9,923,170
.....................................(5,588)
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
........................1,739,170,329
.............................................0
...............................8,468,143
........................1,730,702,186
........................1,734,431,047
...............................3,811,612
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
........................1,739,038,790
.............................................0
...............................8,419,355
........................1,730,619,435
.............................84,023,954
.................................................
...............................8,419,355
.............................75,604,598
........................1,645,086,078
.................................................
.................................................
........................1,645,086,078
...............................9,928,758
.................................................
.................................................
...............................9,928,758
.................................................
.................................................
.................................................
.............................................0
........................1,739,038,790
.............................................0
...............................8,419,355
........................1,730,619,435
.................................................
.................................................
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
...........................823,362,441
.............................................0
.............................................0
...........................823,362,441
...........................486,659,276
.................................................
.................................................
...........................486,659,276
...........................336,703,164
.................................................
.................................................
...........................336,703,164
.................................................
.................................................
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
...........................823,362,441
.............................................0
.............................................0
...........................823,362,441
.................................................
.................................................
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
...........................113,720,094
.................................................
.............................45,407,380
.............................68,312,714
...............................5,209,805
.............................63,102,909
......................................8,047
.................................................
.................................................
......................................8,047
.........................................499
......................................7,548
...............................1,367,958
.................................................
.................................................
...............................1,367,958
...............................9,723,805
..............................(8,355,848)
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
...........................115,096,099
.............................................0
.............................45,407,380
.............................69,688,719
.............................14,934,110
.............................54,754,609
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
.................................................
.............................................0
........................2,264,680,705
.............................................0
.............................64,049,623
........................2,200,631,082
........................2,255,385,691
.............................58,256,759
........................1,022,129,787
.................................................
.............................63,551,509
...........................958,578,278
........................1,021,681,187
.............................67,045,787
...........................933,848,010
.................................................
.................................................
...........................933,848,010
...........................933,855,558
......................................7,351
...........................308,702,908
.................................................
..................................498,114
...........................308,204,794
...........................299,848,946
..............................(8,796,379)
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
........................2,264,680,705
.............................................0
.............................64,049,623
........................2,200,631,082
........................2,255,385,691
.............................58,256,759
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
.................................................
.................................................
.................................................
.............................................0
.............................................0
.................................................
........................2,266,422,102
.............................................0
.............................69,293,170
........................2,197,128,932
........................1,023,425,733
.................................................
.............................68,790,333
...........................954,635,400
...........................933,848,207
.................................................
.................................................
...........................933,848,207
...........................309,148,162
.................................................
..................................502,837
...........................308,645,325
.................................................
.................................................
.................................................
.............................................0
........................2,266,422,102
.............................................0
.............................69,293,170
........................2,197,128,932
.................................................
.................................................
.................................................
.............................................0
.................................................
.................................................
.................................................
.............................................0
........................4,828,823,333
.............................................0
.............................77,712,525
........................4,751,110,808
........................1,594,108,963
.............................................0
.............................77,209,688
........................1,516,899,275
........................2,915,637,450
.............................................0
.............................................0
........................2,915,637,450
...........................319,076,920
.............................................0
..................................502,837
...........................318,574,083
.............................................0
.............................................0
.............................................0
.............................................0
........................4,828,823,333
.............................................0
.............................77,712,525
........................4,751,110,808
.............................................0
.............................................0
.............................................0
.............................................0
.............................................0
.............................................0
.............................................0
.............................................0
2
Life Insurance
3
Individual
Annuities
Insurance
4
Accident and
Health
5
Aggregate of All
Other Lines of Business
6
Total (Columns 2
through 5)
Fraternal
Expense
10
24.2 Reinsurance assumed.......................................................................................... ..........................................0 ............................................. ............................................. ............................................. ............................................. ..........................................0 ............................................. .............................................
24.3 Net ceded less assumed...................................................................................... ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0
25. Renewal:
25.1 Reinsurance ceded............................................................................................... .........................11,751,059 .........................11,751,059 ............................................. ............................................. ............................................. .........................11,751,059 ............................................. .............................................
25.2 Reinsurance assumed.......................................................................................... ..........................................0 ............................................. ............................................. ............................................. ............................................. ..........................................0 ............................................. .............................................
25.3 Net ceded less assumed...................................................................................... .........................11,751,059 .........................11,751,059 ..........................................0 ..........................................0 ..........................................0 .........................11,751,059 ..........................................0 ..........................................0
26. Totals:
26.1 Reinsurance ceded (Page 6, Line 6).................................................................... .........................19,793,499 .........................19,793,499 ..........................................0 ..........................................0 ..........................................0 .........................19,793,499 ..........................................0 ..........................................0
26.2 Reinsurance assumed.......................................................................................... ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0 ..........................................0
26.3 Net ceded less assumed...................................................................................... .........................19,793,499 .........................19,793,499 ..........................................0 ..........................................0 ..........................................0 .........................19,793,499 ..........................................0 ..........................................0
COMMISSIONS INCURRED (direct business only)
27. First year (other than single).......................................................................................... .......................111,439,828 .........................28,640,723 .........................80,353,676 ...........................2,445,430 ............................................. .......................111,439,828 ............................................. .............................................
28. Single.............................................................................................................................. .........................29,368,567 .........................11,457,081 .........................17,911,486 ............................................. ............................................. .........................29,368,567 ............................................. .............................................
29. Renewal......................................................................................................................... .........................62,911,163 .........................26,851,977 .........................23,992,841 .........................12,066,345 ............................................. .........................62,911,163 ............................................. .............................................
30. Deposit-type contract funds........................................................................................... .........................10,513,387 ............................................. .........................10,513,387 ............................................. ............................................. .........................10,513,387 ............................................. .............................................
31. Totals (to agree with Page 6, Line 19)........................................................................... .......................214,232,945 .........................66,949,781 .......................132,771,390 .........................14,511,775 ..........................................0 .......................214,232,945 ..........................................0 ..........................................0
Insurance
5
Accident and Health
4
2
3
Aggregate of
Cost
All
All Other Lines
Life
Containment
Other
of Business
Investment
.....26,560,351 ............10,674 .......1,122,725 ..................... .........................
...177,764,910 .......1,174,405 .......8,656,156 ..................... .....21,290,159
.....16,827,979 ............79,236 ..........584,023 ..................... .......2,969,969
.....45,549,564 ..........215,719 .......1,589,993 ..................... .........................
.......5,850,151 ............58,103 ..........428,255 ..................... ..............1,977
.......6,335,956 ............17,898 ..........131,923 ..................... .........................
.......3,487,675 ............35,212 ..........259,540 ..................... ............11,324
..........500,536 ..............1,510 ............11,132 ..................... .........................
.......1,081,792 ..............7,830 ............57,713 ..................... ............19,759
.......3,306,322 ............16,201 ..........119,411 ..................... .........................
..........374,465 ..............1,624 ............11,972 ..................... .........................
.......1,060,657 ............10,539 ............77,677 ..................... .........................
..........190,414 ..............2,051 ............15,116 ..................... .........................
.......9,247,687 ............38,896 ..........286,689 ..................... ..........480,209
.......3,298,221 ............23,427 ..........172,675 ..................... .................655
.......8,102,936 ............68,958 ..........508,268 ..................... ............64,516
.......4,999,174 ............38,384 ..........282,919 ..................... ............38,016
.......2,529,915 ............22,509 ..........165,906 ..................... .................169
.......1,684,989 ............11,081 ............81,676 ..................... .........................
.....17,022,099 ..........140,803 .......1,037,812 ..................... ............40,181
......................... ......................... ......................... ..................... .........................
..........135,207 .................862 ..............6,351 ..................... ............20,855
.......2,139,291 ............16,201 ..........119,410 ..................... ............67,017
..........752,677 ..............7,108 ............52,388 ..................... ..............9,045
..........995,810 ..............8,336 ............61,439 ..................... ............10,682
..........267,807 ..............2,662 ............19,617 ..................... .........................
.....70,247,402 ..........479,289 .......3,532,682 ..................... .......2,773,283
.......8,705,291 ............24,731 ..........182,284 ..................... .........................
.......3,983,632 ............11,812 ............87,066 ..................... .........................
.......5,937,948 ............18,189 ..........134,066 ..................... .........................
..........523,889 ..............1,121 ..............8,264 ..................... .........................
......................... ......................... ......................... ..................... .........................
.....11,178,800 .................808 ..............5,954 ..................... .......5,246,792
..........337,420 ......................... ......................... ..................... ..........467,994
.....................0 .....................0 .....................0 .................0 .....................0
...440,980,967 .......2,546,179 .....19,811,102 .................0 .....33,512,602
.....35,933,473 ..........221,972 .......2,332,588 ..................... .......5,071,224
.....36,573,401 ..........211,171 .......1,643,063 ..................... .......2,779,417
...440,341,039 .......2,556,980 .....20,500,627 .................0 .....35,804,409
DETAILS OF WRITE-INS
......................... ......................... ......................... ..................... .........................
......................... ......................... ......................... ..................... .........................
......................... ......................... ......................... ..................... .........................
.....................0 .....................0 .....................0 .................0 .....................0
.....................0 .....................0 .....................0 .................0 .....................0
Fraternal
.............................
.........20,752,093
...........3,559,475
.............................
.............................
.............................
................25,914
................17,680
................15,724
.............................
.............................
.............................
....................(103)
...........2,566,572
...........1,173,007
...........1,261,695
..............965,878
................46,812
..................3,268
..............807,951
.............................
................20,877
................27,089
..................5,173
.............................
..................5,369
.........14,856,114
..............215,374
.............................
.............................
...........1,466,273
.............................
.............................
.............................
.......112,691,953
(a)...160,484,188
.........10,341,708
.........13,309,991
.......157,515,905
Total
.......27,693,750
.....229,637,723
.......24,020,682
.......47,355,276
.........6,338,486
.........6,485,777
.........3,819,665
............530,858
.........1,182,818
.........3,441,934
............388,061
.........1,148,873
............207,478
.......12,620,053
.........4,667,985
.......10,006,373
.........6,324,371
.........2,765,311
.........1,781,014
.......19,048,846
.......................0
............184,152
.........2,369,008
............826,391
.........1,076,267
............295,455
.......91,888,770
.........9,127,680
.........4,082,510
.........6,090,203
.........1,999,547
.......................0
.......16,432,354
............805,414
.....112,691,953
(b)657,335,038
.......53,900,965
.......54,517,043
.....656,718,960
Fraternal Benevolences......................................................................
.......101,579,625
Local branch-lodge expenses.............................................................
...........8,257,634
Contributions to charitable, civic, and governmental bodies..............
...........1,943,671
Summary of remaining write-ins for Line 9.3 from overflow page......
..............911,023
Totals (Lines 09.301 thru 09.303 plus 09.398)(Line 9.3 above)........
.......112,691,953
(a) Show the distribution of this amount in the following categories:
1. Charitable $.....15,282,334; 2. Institutional $.....12,077,323; 3. Recreational and Health $.....2,766,634; 4. Educational $.....10,431,720
5. Religious $.....58,806,018; 6. Membership $.....689,437; 7. Other
$.....60,430,722; 8. Total
$.....160,484,188
(b) Includes management fees of $..........0 to affiliates and $..........0 to non-affiliates.
.....101,579,625
.........8,257,634
.........1,943,671
............911,023
.....112,691,953
1.
2.
3.11
3.12
3.21
3.22
3.31
3.32
4.1
4.2
4.3
4.4
4.5
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
6.1
6.2
6.3
6.4
6.5
6.6
7.1
7.2
7.3
8.1
8.2
9.1
9.2
9.3
10.
11.
12.
13.
09.301
09.302
09.303
09.398
09.399
Rent.....................................................................................................
Salaries and wages.............................................................................
Insured benefit plans for employees...................................................
Insured benefit plans for fieldworkers.................................................
Uninsured benefit plans for employees..............................................
Uninsured benefit plans for fieldworkers.............................................
Other employee welfare......................................................................
Other fieldworker welfare....................................................................
Legal fees and expenses....................................................................
Medical examination fees....................................................................
Inspection report fees..........................................................................
Fees of public accountants and consulting actuaries.........................
Expense of investigation and settlement of certificate claims............
Traveling expenses.............................................................................
Advertising...........................................................................................
Postage, express, telegraph and telephone.......................................
Printing and stationery........................................................................
Cost or depreciation of furniture and equipment................................
Rental of equipment............................................................................
Cost or depreciation of EDP equipment and software.......................
Lodge supplies less $..........0 from sales............................................
Books and periodicals.........................................................................
Bureau and association dues..............................................................
Insurance, except on real estate.........................................................
Miscellaneous losses..........................................................................
Collection and bank service charges..................................................
Sundry general expenses...................................................................
Field expense allowance.....................................................................
Fieldworkers' balances charged off (less $...........0 recovered).........
Field conferences other than local meetings......................................
Official publications.............................................................................
Expense of Supreme Lodge Meetings...............................................
Real estate expenses..........................................................................
Investment expenses not included elsewhere....................................
Aggregate write-ins for expenses.......................................................
General Expenses Incurred................................................................
General expenses unpaid December 31, prior year..........................
General expenses unpaid December 31, current year......................
General expenses paid during year (Lines 10 + 11 - 12 )..................
1.
2.
3.
4.
5.
6.
7.
8.
9.
Insurance
2
Life
.........................
.......1,442,344
............24,937
.....26,939,064
..............7,737
.....28,414,082
.......3,449,236
.......3,355,565
.....28,507,753
Accident
and Health
.........................
..........115,712
..............2,074
.......1,143,707
...........(15,199)
.......1,246,294
..........204,706
..........147,181
.......1,303,819
3
Aggregate of
All Other Lines
of Business
.........................
.........................
.........................
.........................
.........................
.....................0
.........................
.........................
.....................0
Investment
.......1,717,968
.................645
.........................
..........957,271
.........................
.......2,675,884
..........401,407
..........316,009
.......2,761,282
Fraternal
.........................
..............2,128
.........................
.......1,095,393
...........(30,936)
.......1,066,585
..........153,171
..........125,959
.......1,093,797
Total
.........1,717,968
.........1,560,829
..............27,011
.......30,135,435
.............(38,398)
.......33,402,845
.........4,208,520
.........3,944,714
.......33,666,651
11
1
Life
................................61,232,351
....................................................
..............................209,579,373
.......................................90,800
..............................270,902,523
................................26,346,225
..................................1,484,279
.................................................0
..............................298,733,027
.....................................733,158
..............................283,198,078
....................................................
....................................................
....................................................
..............................283,931,236
..............................297,799,661
..............................284,864,601
2
Accident and Health
.....................................627,948
....................................................
....................................................
....................................................
.....................................627,948
..................................7,143,602
....................................................
.................................................0
..................................7,771,550
.....................................155,750
..................................7,141,051
....................................................
....................................................
....................................................
..................................7,296,801
..................................8,097,878
..................................6,970,473
....................................................
....................................................
....................................................
.................................................0
.................................................0
....................................................
....................................................
....................................................
.................................................0
.................................................0
Valuation Standard
Life Insurance:
0100001. 41 CSO 3.25% 1902-1935 ...........................................................................................................................
0100002. AE 3.5% 1918-1936 .....................................................................................................................................
0100003. 41 CSO 3.0% 1926-1935 .............................................................................................................................
0100004. AE 3.0% 1934-1951 .....................................................................................................................................
0100005. 41 CSO 2.5% 1948-1964 .............................................................................................................................
0100006. 58 CSO 2.5% 1962-1979 .............................................................................................................................
0100007. 58 CSO 3.0% 1971-1988 .............................................................................................................................
0100008. 58 CSO 3.5% 1972- ......................................................................................................................................
0100009. 58 CSO 4.0% 1980- ......................................................................................................................................
0100010. Fund value 1982-1988 ...................................................................................................................................
0100011. 58 CSO 4.5% 1983-1988 ..............................................................................................................................
0100012. 80 CSO 4.0% 1986- ......................................................................................................................................
0100013. 80 CSO 4.5% 1993- ......................................................................................................................................
0100014. 80 CSO 5.0% 1993-1995 ..............................................................................................................................
0100015. 80 CSO 5.5% 1987-1992 ..............................................................................................................................
0100016. 80 CSO 4.0%-5.0% 1994-..............................................................................................................................
0100017. 2001 CSO 4.0% 2006.....................................................................................................................................
0199997. Totals (Gross).................................................................................................................................................
0199998. Reinsurance ceded.........................................................................................................................................
0199999. Totals (Net).....................................................................................................................................................
Annuities (excluding supplementary contracts with life contingencies):
0200001. 37 SA 2.5%, 3% (modified), AA 3% Select & 4%, Both................................................................................
0200002. a-1949 3% and 3.5%, Immediate...................................................................................................................
0200003. a-1949 3%, 3.5% & 4%, Deferred..................................................................................................................
0200004. a-1949 5.5%, Immediate................................................................................................................................
0200005. a-1962 2.5%, 3%, Immediate.........................................................................................................................
0200006. a-1962 3.5%, Immediate................................................................................................................................
0200007. 1971 IAM 4.5%, 5.5%, Immediate..................................................................................................................
0200008. a-1983 3%, 3.5%, & 4%, Deferred.................................................................................................................
0200009. a-1983 4.5%, 5.5%, 6.25% Immediate..........................................................................................................
0200010. a-1983 Various, Immediate............................................................................................................................
0200011. 2000 IAM 3.5%, 4%, Deferred........................................................................................................................
0200012. 2000 IAM Various, Immediate........................................................................................................................
0200013. Retirement Annuities 2.5%.............................................................................................................................
0200014. Retirement Annuities 3%................................................................................................................................
0200015. Retirement Annuities 3.5%.............................................................................................................................
0299997. Totals (Gross).................................................................................................................................................
0299999. Totals (Net).....................................................................................................................................................
Supplementary Contracts with Life Contingencies:
0300001. 37 SA 2%, 2.5% (modified)............................................................................................................................
0300002. a-1949 3%, 3.5%............................................................................................................................................
0300003. a-1949 5.5%....................................................................................................................................................
0300004. a-1962 2.5%, 3%, 3.5%, 1971 IAM 3%.........................................................................................................
0300005. a-1971 IAM 4.5%, 5.5%..................................................................................................................................
0300006. a-1983 4.5%, 5.5%, 6.25%.............................................................................................................................
0300007. a-1983 Various...............................................................................................................................................
0300008. 2000 IAM 5.25%.............................................................................................................................................
0300009. 2000 IAM Various...........................................................................................................................................
0300010. Retirement Annuities 3.5%.............................................................................................................................
0399997. Totals (Gross).................................................................................................................................................
0399999. Totals (Net).....................................................................................................................................................
Accidental Death Benefits:
0400001. 1926-33 Interco., 2.5%...................................................................................................................................
0400002. 59 ADB 2.5%..................................................................................................................................................
0400003. 59 ADB 3.0%..................................................................................................................................................
0400004. 59 ADB 3.5%..................................................................................................................................................
0400005. 59 ADB 4.0%..................................................................................................................................................
0400006. 59 ADB 4.5%..................................................................................................................................................
0499997. Totals (Gross).................................................................................................................................................
0499998. Reinsurance ceded.........................................................................................................................................
0499999. Totals (Net).....................................................................................................................................................
Disability - Active Lives:
0500001. 52 Interco Disa 2.5%......................................................................................................................................
0500002. 52 Interco Disa 3.0%......................................................................................................................................
0500003. 52 Interco Disa 3.5%......................................................................................................................................
0500004. 52 Interco Disa 4.0%......................................................................................................................................
0500005. 52 Interco Disa 4.5%......................................................................................................................................
0500006. Class (3) & 1941 CSO 2.50%.........................................................................................................................
0599997. Totals (Gross).................................................................................................................................................
0599998. Reinsurance ceded.........................................................................................................................................
0599999. Totals (Net).....................................................................................................................................................
Disability - Disabled Lives:
0600001. 52 Interco Disa 2.5%......................................................................................................................................
0600002. 52 Interco Disa 3.0%......................................................................................................................................
0600003. 52 Interco Disa 3.5%......................................................................................................................................
0600004. Class (3) 3.0%................................................................................................................................................
0699997. Totals (Gross).................................................................................................................................................
0699998. Reinsurance ceded.........................................................................................................................................
0699999. Totals (Net).....................................................................................................................................................
Miscellaneous Reserves:
0700001. For reserve for variable life insurance minimum death benefit guarantees..................................................
0700002. For non-deduction of deferred fractional premiums or return of premiums at the death of the insured.......
0700003. For surrender values in excess of life reserves otherwise required and carried in this exhibit.....................
0700004. For surrender values in excess of annuity reserves otherwise required and carried in this exhibit..............
0700005. Annuity LTC combo rider reserves.................................................................................................................
0799997. Totals (Gross).................................................................................................................................................
0799999. Totals (Net).....................................................................................................................................................
9999999. Totals (Net) - Page 3, Line 1..........................................................................................................................
Total
Industrial
............2,210,828
............8,402,946
............5,256,214
........219,204,689
.....1,188,179,242
.....1,873,006,431
........381,895,293
........900,310,899
........853,087,267
.....5,317,444,730
............6,268,643
.....5,698,301,058
.....1,955,726,968
..........96,463,195
........101,440,707
..........17,090,421
.....1,104,213,019
...19,728,502,550
........369,787,623
...19,358,714,927
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
...............0
..................
...............0
............2,210,828
............8,402,946
............5,256,214
........219,204,689
.....1,188,179,242
.....1,873,006,431
........381,895,293
........900,310,899
........853,087,267
.....5,317,444,730
............6,268,643
.....5,698,301,058
.....1,955,726,968
..........96,463,195
........101,440,707
..........17,090,421
.....1,104,213,019
...19,728,502,550
........369,787,623
...19,358,714,927
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
.....................0
........................
.....................0
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
...........0
..............
...........0
.................21,081
.................78,619
........465,662,897
...............431,514
...................1,676
...................6,620
...............125,349
........888,102,277
..........23,409,474
........115,455,205
.....3,492,763,911
........925,077,833
............3,281,413
..........46,337,165
.....5,832,528,014
...11,793,283,048
...11,793,283,048
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
...........XXX
.................21,081
.................78,619
........465,662,897
...............431,514
...................1,676
...................6,620
...............125,349
........888,102,277
..........23,409,474
........115,455,205
.....3,492,763,911
........925,077,833
............3,281,413
..........46,337,165
.....5,832,528,014
...11,793,283,048
...11,793,283,048
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
...........XXX......
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
...........0
...........0
.................36,358
.................32,726
...............126,232
.................48,625
............1,126,080
........107,471,191
..........12,910,060
.....1,405,534,375
..........99,450,602
..........56,153,101
.....1,682,889,350
.....1,682,889,350
..................
..................
..................
..................
..................
..................
..................
..................
..................
..................
...............0
...............0
.................36,358
.................32,726
...............126,232
.................48,625
............1,126,080
........107,471,191
..........12,910,060
.....1,405,534,375
..........99,450,602
..........56,153,101
.....1,682,889,350
.....1,682,889,350
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
.....................0
.....................0
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
...........0
...........0
...............190,092
............1,639,780
..........17,064,138
...............929,358
...............770,645
...................7,795
..........20,601,808
......................384
..........20,601,424
..................
..................
..................
..................
..................
..................
...............0
..................
...............0
...............190,092
............1,639,780
..........17,064,138
...............929,358
...............770,645
...................7,795
..........20,601,808
......................384
..........20,601,424
........................
........................
........................
........................
........................
........................
.....................0
........................
.....................0
..............
..............
..............
..............
..............
..............
...........0
..............
...........0
........146,185,534
...............916,758
............3,112,881
..........24,447,396
.................47,275
.................14,735
........174,724,579
...............308,378
........174,416,201
..................
..................
..................
..................
..................
..................
...............0
..................
...............0
........146,185,534
...............916,758
............3,112,881
..........24,447,396
.................47,275
.................14,735
........174,724,579
...............308,378
........174,416,201
........................
........................
........................
........................
........................
........................
.....................0
........................
.....................0
..............
..............
..............
..............
..............
..............
...........0
..............
...........0
..........69,185,018
..........12,443,404
........199,659,653
...............184,885
........281,472,960
...............324,694
........281,148,266
..................
..................
..................
..................
...............0
..................
...............0
..........69,185,018
..........12,443,404
........199,659,653
...............184,885
........281,472,960
...............324,694
........281,148,266
........................
........................
........................
........................
.....................0
........................
.....................0
..............
..............
..............
..............
...........0
..............
...........0
............2,784,145
...............672,543
..........95,764,733
..........26,827,387
.................12,991
........126,061,799
........126,061,799
...33,437,115,015
..................
..................
..................
..................
..................
...............0
...............0
...............0
............2,784,145
...............672,543
..........95,764,733
..........26,827,387
.................12,991
........126,061,799
........126,061,799
...33,437,115,015
........................
........................
........................
........................
........................
.....................0
.....................0
.....................0
..............
..............
..............
..............
..............
...........0
...........0
...........0
12
5
6
Credit
Ordinary (Group and Individual)Group
EXHIBIT 5 - INTERROGATORIES
1.1
1.2
2.1
2.2
3.
Has the reporting entity ever issued both participating and non-participating contracts?
If not, state which kind is issued.................... PARTICIPATING
Does the reporting entity at present issue both participating and non-participating contracts?
If not, state which kind is issued.................... PARTICIPATING
Does the reporting entity at present issue or have in force policies that contain non-guaranteed elements?
If so, attach a statement that contains the determination procedures, answers to the interrogatories and an actuarial opinion as
described in the instructions.
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ X ]
No [ ]
4. Has the reporting entity any assessment or stipulated premium contracts in force? If so, state:
4.1 Amount of insurance?
4.2 Amount of reserve?
4.3 Basis of reserve:
4.4 Basis of regular assessments:
4.5 Basis of special assessments:
4.6 Assessments collected during year:
5. If the contract loan interest rate guaranteed in any one or more of its currently issued contracts is less than 5 %, not in advance, state the
contract loan rate guarantees on any such contracts.
Yes [ ]
No [ X ]
$.............................................
$.............................................
6. Does the reporting entity hold reserves for any annuity contracts that are less than the reserves that would be held on a standard basis?
6.1 If so, state the amount of reserve on such contracts on the basis actually held:
6.2 That would have been held (on an exact or approximate basis) using the actual ages of the annuitants; the interest rate(s) used in 6.1; and
the same mortality basis used by the reporting entity for the valuation of comparable annuity benefits issued to standard lives. If the reporting entity
has no comparable annuity benefits for standard lives to be valued, the mortality basis shall be the table most recently approved by the
state of domicile for valuing individual annuity benefits:
Attach statement of methods employed in their valuation.
7. Does the reporting entity have any Synthetic GIC policies, contracts or agreements in effect as of December 31 of the current year?
7.1 If yes, state the total dollar amount of assets covered by these policies, contracts or agreements?
7.2 Specify the basis (fair value, amortized cost, etc.) for determining the amount:
Yes [ ]
No [ X ]
$.............................................
$.............................................
$.............................................
Yes [ ]
No [ X ]
$.............................................
$.............................................
2
Changed From
NONE
13
Valuation Basis
3
Changed To
4
Increase in Actuarial
Reserve Due To Change
Total
Collectively
Renewable
3
NonCancelable
7
All Other
Unearned premium reserves.............................................. .........57,538,601 ........................... .........2,547,306 .......54,782,376 .............208,919 ........................... ...........................
2.
Additional contract reserves (a).......................................... ....3,243,747,546 ........................... .......66,229,086 ..3,176,951,834 .............566,626 ........................... ...........................
3.
Additional actuarial reserves-Asset/Liability analysis......... .......170,000,000 ........................... ........................... .....170,000,000 ........................... ........................... ...........................
4.
Reserve for future contingent benefits............................... .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
5.
Aggregate write-ins for reserves......................................... .........................0 ........................0 ........................0 ........................0 ........................0 ........................0 ........................0
6.
7.
8.
CLAIM RESERVE
9.
Present value of amounts not yet due on claims............... .......665,869,426 ........................... .......76,201,437 .....585,819,416 .........3,848,573 ........................... ...........................
10. Additional actuarial reserves-Asset/Liability analysis......... .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
11. Reserve for future contingent benefits............................... .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
12. Aggregate write-ins for reserves......................................... .........................0 ........................0 ........................0 ........................0 ........................0 ........................0 ........................0
13. Totals (Gross)..................................................................... .......665,869,426 ........................0 .......76,201,437 .....585,819,416 .........3,848,573 ........................0 ........................0
14. Reinsurance ceded............................................................. ..............371,116 ........................... .............344,073 ...............27,043 ........................... ........................... ...........................
15. Totals (Net)......................................................................... .......665,498,310 ........................0 .......75,857,364 .....585,792,373 .........3,848,573 ........................0 ........................0
16. TOTAL (Net)....................................................................... ....4,136,054,842 ........................0 .....144,002,746 ..3,987,427,978 .........4,624,118 ........................0 ........................0
17. TABULAR FUND INTEREST............................................. .......175,404,044 ........................... .........4,481,248 .....170,706,181 .............216,615 ........................... ...........................
DETAILS OF WRITE-INS
0501. ............................................................................................ .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
0502. ............................................................................................ .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
0503. ............................................................................................ .........................0 ........................... ........................... ........................... ........................... ........................... ...........................
0598. Summary of remaining write-ins for Line 5
from overflow page............................................................. .........................0 ........................0 ........................0 ........................0 ........................0 ........................0 ........................0
0599. Totals (Lines 0501 thru 0503 + 0598) (Line 5 above)
(a) Attach statement as to valuation standard used in calculating this reserve, specify reserve bases, interest rates and method.
See Notes to Financial Statements #36
2
Guaranteed
Interest
Contracts
Total
Annuities
Certain
Supplemental
Contracts
5
Dividend
Accumulations
or Refunds
6
Premium and
Other Deposit
Funds
1.
Balance at beginning of the year before reinsurance................................. ....2,626,029,738 ............................ .......630,993,136 ....1,915,026,532 .........79,531,001 ..............479,069
2.
Deposits received during the year............................................................... .......750,864,534 ............................ .........62,319,564 .......686,987,233 ...........1,493,117 ................64,620
3.
Investment earnings credited to the account.............................................. .......122,838,187 ............................ .........43,136,197 .........76,022,754 ...........3,671,288 ..................7,948
4.
Other net change in reserves...................................................................... .........................0 ............................ ............................ ............................ ............................ ............................
5.
Fees and other charges assessed.............................................................. .........................0 ............................ ............................ ............................ ............................ ............................
6.
7.
Net surrender or withdrawal payments....................................................... .......646,232,822 ............................ .......134,847,285 .......505,262,939 ...........6,069,231 ................53,367
8.
Other net transfers to or (from) Separate Accounts.................................... .............(918,958) ............................ ............................ .............(918,958) ............................ ............................
9.
10. Reinsurance balance at the beginning of the year..................................... .........................0 ............................ ............................ ............................ ............................ ............................
11. Net change in reinsurance assumed.......................................................... .........................0 ............................ ............................ ............................ ............................ ............................
12. Net change in reinsurance ceded............................................................... .........................0 ............................ ............................ ............................ ............................ ............................
13. Reinsurance balance at the end of the year (Lines 10 + 11 - 12).............. .........................0 .........................0 .........................0 .........................0 .........................0 .........................0
14. Net balance at the end of current year after reinsurance (Lines 9 + 13).... ....2,854,418,595 .........................0 .......601,601,612 ....2,173,692,538 .........78,626,175 ..............498,270
14
Total
1.
2
Industrial
Life
Ordinary
4
Life
Insurance
Individual
Annuities
Supplementary
Contracts
6
Credit Life
(Group and
Individual)
7
Life
Insurance
Group
Annuities
Group
11
Other
2.
In course of settlement:
2.1 Resisted:
2.11 Direct................................................................. .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................
2.12 Reinsurance assumed...................................... .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................
2.13 Reinsurance ceded........................................... .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................
2.14 Net..................................................................... .................................0 .................................0 (b).............................0 (b).............................0 .................................0 (b).............................0 (b).............................0 .................................0 .................................0 .................................0 .................................0
2.2 Other:
2.21 Direct................................................................. ...............165,548,214 ..................................... .................88,135,403 .................55,974,935 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .................21,437,876
15
2.22 Reinsurance assumed...................................... .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................
2.23 Reinsurance ceded........................................... ...................5,420,607 ..................................... ...................5,414,397 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..........................6,210
2.24 Net..................................................................... ...............160,127,607 .................................0 (b)............82,721,006 (b)............55,974,935 .................................0 (b).............................0 (b).............................0 .................................0 (b).............................0 (b).............................0 (b)............21,431,667
3.
4.
Totals:
4.1 Direct.................................................................... ...............226,823,839 .................................0 ...............117,234,866 .................70,225,450 ...................6,961,364 .................................0 .................................0 .................................0 .................................0 .................................0 .................32,402,159
4.2 Reinsurance assumed........................................ .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0
4.3 Reinsurance ceded............................................. ...................5,420,607 .................................0 ...................5,414,397 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 ..........................6,210
4.4 Net....................................................................... ...............221,403,233 (a).............................0 (a)..........111,820,469 .................70,225,450 ...................6,961,364 .................................0 (a).............................0 .................................0 .................................0 .................................0 .................32,395,950
(a) Including matured endowments (but not guaranteed annual pure endowments) unpaid amounting to $..........0 in Column 2, $..........0 in Column 3 and $..........0 in Column 7.
(b) Include only portion of disability and accident and health claim liabilities applicable to assumed "accrued" benefits. Reserves (including reinsurance assumed and net of reinsurance ceded) for unaccrued benefits for
Ordinary Life Insurance $.....126,061,799, Individual Annuities $...........0, Credit Life (Group and Individual) $..........0, and Group Life $..........0,
are included in Page 3, Line 1, (See Exhibit 5, Section on Disability Disabled Lives); and for Group Accident and Health $..........0, Credit (Group and Individual) Accident and Health $..........0 and Other Accident and Health $.....635,498,310
are included in Page 3, Line 2, (See Exhibit 6, Claim Reserve).
EXHIBIT 8 - CONTRACT CLAIMS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS
PART 2 - Incurred During the Year
1.
Total
Industrial
Life
(a)
3
Life
Insurance
(b)
Ordinary
4
Individual
Annuities
Supplementary
Contracts
6
Credit Life
(Group and
Individual)
7
Life
Insurance
(c)
Group
Annuities
Group
11
Other
2.
3.
Amounts recoverable from reinsurers December 31, current year...... .................3,466,243 ................................... .................3,466,243 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ..............................
4.
16
4.2 Reinsurance assumed................................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ..............................
4.3 Reinsurance ceded........................................................................ .................2,981,555 ................................... .................2,925,462 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ..................56,093
4.4 Net.................................................................................................. .............222,241,001 ...............................0 .............105,743,017 ...............74,380,550 .................6,085,620 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...........36,031,814
5.
Amounts recoverable from reinsurers December 31, prior year.......... .................2,798,882 ................................... .................2,798,882 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ..............................
6.
Incurred benefits:
6.1 Direct.............................................................................................. ..........2,092,003,782 ...............................0 .............854,330,956 .............760,340,901 .............228,651,041 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 .........248,680,884
6.2 Reinsurance assumed................................................................... ................................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...........................0
6.3 Reinsurance ceded........................................................................ ...............34,000,615 ...............................0 ...............33,808,030 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ................192,585
6.4 Net.................................................................................................. ..........2,058,003,167 ...............................0 .............820,522,926 .............760,340,901 .............228,651,041 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 .........248,488,299
(a) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4.
(b) Including matured endowments (but not guaranteed annual pure endowments) amounting to $.....8,919,956 in Line 1.1, $.....8,919,956 in Line 1.4, $.....8,919,956 in Line 6.1 and $.....8,919,956 in line 6.4.
(c) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4.
(d) Includes $.....31,660,604 premiums waived under total and permanent disability benefits.
2
Prior Year
Total
Nonadmitted Assets
3
Change in Total
Nonadmitted Assets
(Col. 2 - Col. 1)
1.
2.
3.
4.
2.1
2.2
3.2
4.2
4.3
5.
6.
7.
8.
9.
10. Securities lending reinvested collateral assets (Schedule DL)................................................. .................................................. .................................................. ...............................................0
11. Aggregate write-ins for invested assets.................................................................................... ...............................................0 ...............................................0 ...............................................0
12. Subtotals, cash and invested assets (Lines 1 to 11)................................................................. .................................8,128,830 .................................7,574,275 ...................................(554,555)
13. Title plants (for Title insurers only)............................................................................................ .................................................. .................................................. ...............................................0
14. Investment income due and accrued........................................................................................ .................................2,056,425 .................................1,687,351 ...................................(369,074)
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection....................... .................................................. .................................................. ...............................................0
15.2 Deferred premiums, agents' balances and installments booked but
deferred and not yet due................................................................................................. .................................................. .................................................. ...............................................0
15.3 Accrued retrospective premiums..................................................................................... .................................................. .................................................. ...............................................0
16. Reinsurance:
16.1 Amounts recoverable from reinsurers............................................................................. .................................................. .................................................. ...............................................0
16.2 Funds held by or deposited with reinsured companies.................................................. .................................................. .................................................. ...............................................0
16.3 Other amounts receivable under reinsurance contracts................................................. .................................................. .................................................. ...............................................0
17. Amounts receivable relating to uninsured plans....................................................................... .................................................. .................................................. ...............................................0
18.1 Current federal and foreign income tax recoverable and interest thereon............................... .................................................. .................................................. ...............................................0
18.2 Net deferred tax asset............................................................................................................... .................................................. .................................................. ...............................................0
19. Guaranty funds receivable or on deposit.................................................................................. .................................................. .................................................. ...............................................0
20. Electronic data processing equipment and software................................................................ ...............................57,094,785 ...............................60,275,535 .................................3,180,750
21. Furniture and equipment, including health care delivery assets.............................................. ...............................14,153,172 ...............................21,762,672 .................................7,609,500
22. Net adjustment in assets and liabilities due to foreign exchange rates.................................... .................................................. .................................................. ...............................................0
23. Receivables from parent, subsidiaries and affiliates................................................................. .................................................. .................................................. ...............................................0
24. Health care and other amounts receivable............................................................................... .................................1,814,927 .................................4,150,671 .................................2,335,744
25. Aggregate write-ins for other than invested assets................................................................... .............................122,521,297 .............................115,394,869 ...............................(7,126,428)
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected
Cell Accounts (Lines 12 through 25)......................................................................................... .............................205,769,437 .............................210,845,373 .................................5,075,937
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts...................... .................................................. .................................................. ...............................................0
28. TOTALS (Lines 26 and 27)....................................................................................................... .............................205,769,437 .............................210,845,373 .................................5,075,937
DETAILS OF WRITE-INS
1101. ................................................................................................................................................... .................................................. .................................................. ...............................................0
1102. ................................................................................................................................................... .................................................. .................................................. ...............................................0
1103. ................................................................................................................................................... .................................................. .................................................. ...............................................0
1198. Summary of remaining write-ins for Line 11 from overflow page............................................. ...............................................0 ...............................................0 ...............................................0
1199. Totals (Lines 1101 thru 1103 plus 1198) (Line 11 above)........................................................ ...............................................0 ...............................................0 ...............................................0
2501. Prepaid expenses...................................................................................................................... .............................113,380,576 .............................104,063,331 ...............................(9,317,245)
2502. Unsecured loans........................................................................................................................ .................................8,017,298 .................................9,775,356 .................................1,758,058
2503. Miscellaneous assets and receivables...................................................................................... .................................1,123,423 .................................1,556,181 ....................................432,759
2598. Summary of remaining write-ins for Line 25 from overflow page............................................. ...............................................0 ...............................................0 ...............................................0
2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)........................................................ .............................122,521,297 .............................115,394,869 ...............................(7,126,428)
17
A reconciliation of Thrivent Financial's net income and capital and surplus between NAIC SAP and practices
prescribed and permitted by the state of Wisconsin is shown below:
2011
$424,013,336
0
0
$424,013,336
2010
$249,300,493
0
0
$249,300,493
$4,003,470,784
0
0
$4,003,470,784
$4,095,576,616
0
0
$4,095,576,616
Life premiums are recognized as income over the premium paying period of the related policies. Annuity
considerations are recognized as revenue when received. Deposits on deposit-type contracts are entered
directly as a liability when received. Health premiums are earned ratably over the terms of the insurance
policies. Expenses incurred in connection with acquiring new insurance business, including acquisition costs
such as sales commissions, are charged to operations as incurred.
In addition, Thrivent Financial uses the following accounting policies:
1. Short-term investments have contractual maturities of 12 months or less at the time of acquisition.
Investments in money market mutual funds are carried at fair value and investments in commercial paper
and agency notes are carried at amortized cost, which approximates fair value.
2. Bonds are valued and reported in accordance with the NAIC Valuation of Securities manual prepared by
the Securities Valuation Office (SVO). Bonds not backed by other loans are stated at amortized cost,
except for those with a NAIC designation of 6 that are reported at lower of amortized cost or fair market
value. Bonds eligible for amortization are amortized using the constant yield method.
3. Common stocks of unaffiliated companies are stated at market value. Common stocks of uncombined
subsidiaries and affiliates in which Thrivent Financial has an interest of 20% or more are carried on the
statutory equity basis.
4. Preferred stocks are generally stated at cost. Issues rated not in good standing are reported at lower of
amortized cost or fair market value.
5. Mortgage loans on real estate are stated at unpaid principal balances, less allowance for impairment.
6. Loan-backed securities are valued in accordance with the procedures established by the Purposes and
Procedures manual of the SVO and stated at amortized cost using the interest method including
anticipated prepayments at the date of purchase. Significant changes in estimated cash flows from the
original purchase assumptions are accounted for using the retrospective method.
7. The common stock of Thrivent Financial's wholly-owned subsidiary (Thrivent Financial Holdings Inc.) is
carried under the statutory equity method.
8. Thrivent Financial has ownership interests in joint ventures, partnerships and limited liability companies.
Thrivent Financial carries these interests based on the underlying audited GAAP equity of the investee.
9. Derivative financial instruments that hedge specific assets or liabilities are valued and reported in a
manner consistent with the hedged item.
18
During the current year's financial statement preparation, no material changes in accounting principles and/or
corrections of errors were implemented or discovered.
3. Business Combinations and Goodwill
A. Thrivent Financial did not acquire any organizations accounted for under the statutory purchase method for
the years ended December 31, 2011 and 2010.
B. Thrivent Financial did not participate in a statutory merger for the years ended December 31, 2011 and 2010.
C. Thrivent Financial did not enter into any assumption reinsurance agreements for the years ended
December 31, 2011 and 2010.
D. None
4. Discontinued Operations
Thrivent Financial had no discontinued operations during the years ended December 31, 2011 and 2010.
5. Investments
A. Mortgage Loans
1. The maximum and minimum loan rates for mortgage loans during 2011 were:
Category
City loans
Minimum
4.4%
Maximum
9.8%
2. During 2011, Thrivent Financial reduced interest rates of outstanding mortgage loans as follows:
% Reduced
1%
2%
3%
4%
Recorded Investment
$234,083,963
$29,005,829
$12,734,592
$3,198,960
# of Mortgages
208
40
4
1
3. The maximum percentage of any one loan to the value of security at the time of the loan was 83%,
exclusive of insured or guaranteed or purchase money mortgage.
4. As of year end, Thrivent Financial held mortgages with interest more than 180 days past due with a
recorded investment, excluding accrued interest: 2011 - $40,047,397; 2010 - $40,331,065. Total interest
due on mortgages with interest more than 180 days past due: 2011 - $2,056,425; 2010 $1,687,351.
5. Taxes, assessments, and any amounts advanced and not included in the mortgage loan total: 2011 - $0;
2010 - $0.
6. Current year impaired loans with a related allowance for credit losses: 2011 - $0; 2010 - $0. Related
allowance for credit losses: 2011 - $0; 2010 - $0.
7. As of year end, Thrivent Financial held impaired mortgage loans without an allowance for credit losses:
2011 - $52,147,791; 2010 - $32,104,989. During the year, the company impaired loans without an
allowance for credit losses: 2011 - $48,274,440; 2010 - $37,870,108
8. Average recorded investment in impaired loans held on December 31st: 2011 - $6,518,474; 2010 $5,350,832.
18.1
10. On a cash basis, amount of interest income received during the year on impaired mortgage loans held
December 31st: 2011 - $1,653,066; 2010 - $1,423,950.
11. There were no allowance for credit losses received on impaired mortgage loans held December 31st
2011 or 2010.
12. Thrivent Financial recognizes interest income on its impaired loans upon receipt.
B. Debt Restructuring
1. As of year end, Thrivent Financial held debt restructured loans: 2011 - $52,147,791; 2010 - $32,104,989.
2. Amount of realized capital losses due to debt restructuring during the year: 2011 - $12,231,133; 2010 $5,370,263.
3. Total contractual commitments to extend credit to debtors owing receivables whose terms have been
modified in troubled debt restructurings: 2011 - $0; 2010 - $0.
4. Thrivent Financial accrues interest income on impaired loans to the extent it is deemed collectible
(delinquent less than 180 days) and the loan continue to perform under its original or restructured
contractual terms. Interest income on non-performing loans is generally recognized on a cash basis.
C. Reverse Mortgages
Thrivent Financial did not have any reverse mortgages during the years ended December 31, 2011 and
2010.
D. Loaned-Backed Securities
1. Prepayment assumptions for single class and multi-class mortgage-backed/asset-backed securities were
obtained from Bloomberg.
2/3.
63,497,270
53,809
26,363,518
437,179,070
527,093,666
18.2
(2) Other-than-Temporary
Impairment Recognized in
Loss
(2a)
(2b) Non-Interest
Interest
0
0
0
0
0
5,830,928
52,924
4,830,850
19,334,805
30,049,507
50,602,894
885
19,224,249
361,937,385
$ 431,765,413
Cusip
12667F5F8
45660LST7
05948KU64
02660YAX0
52522QAN2
74043AAS0
74043CAJ6
52518RBW5
126670GT9
17307G4H8
17307GVN5
01448YAG8
01449CAL4
87331BAG7
89412KAN0
02660YAX0
05948KH36
05948KU64
05948KV63
12667F5F8
12667GQJ5
12668BEJ8
16165TAE3
45660LST7
52518RBW5
52522QAN2
93363NAA3
93934FFZ0
759676AF6
75971EAE6
126694WE4
126694MH8
46629QAG1
59023CAD4
07389QAA6
949772AA5
760985XL0
466247MQ3
126670CL0
32051GPM1
12667GHH9
93934FAD4
32051GLU7
949837AA6
94981FAJ1
94983BAT6
863576AC8
Totals
(5b)
Recognized
Other-ThanTempory
impairment
Fair Value
(5d) Amortized
cost after
other-than-tempor
ary impairment
11,587,672
10,013,766
24,969,194
7,931,505
8,995,133
44,137
9,672
2,533,456
4,564,116
1,760,787
14,880,855
403,182
457,005
1,139,622
624,496
6,555,359
16,950,189
23,277,335
4,784,974
10,120,840
29,152,831
42,384,066
13,874,118
9,084,904
1,420,513
6,152,979
3,060,781
9,858,579
6,042,400
4,562,885
8,105,939
11,986,432
8,030,997
12,064,435
20,265,286
21,088,393
8,170,316
6,428,088
8,584,060
15,240,149
30,823,985
25,295,400
3,785,514
12,526,271
18,164,807
27,486,486
11,849,759
407,816
881,853
1,091,877
992,319
2,457,062
43,647
9,277
1,101,546
743,656
261,911
513,957
111,507
335,347
1,138,983
623,943
473,711
557,572
1,282,184
334,663
235,466
2,207,098
1,480,854
90,409
286,965
62,581
884,585
172,904
390,120
838,600
621,950
811,396
965,386
301,985
479,261
2,214,719
915,854
399,325
168,777
242,144
440,070
874,240
697,218
87,505
213,408
230,971
308,654
64,231
10,214,499
8,279,125
21,794,145
5,809,633
4,505,491
490
395
1,083,772
3,167,626
1,372,957
13,185,371
291,675
121,658
639
553
4,301,935
14,732,442
19,769,348
3,800,689
8,792,615
25,138,873
34,410,408
12,305,588
7,735,386
1,155,672
5,268,395
2,175,682
8,364,787
2,862,454
2,696,617
4,106,427
8,572,186
5,879,013
8,474,563
12,524,149
19,300,973
6,938,255
6,187,123
6,581,820
11,495,561
26,600,409
22,347,085
2,628,295
11,308,742
17,575,268
26,577,967
11,328,657
11,179,856
9,131,913
23,877,317
6,939,185
6,538,071
490
395
1,431,909
3,820,460
1,498,876
14,366,897
291,675
121,658
639
553
6,081,648
16,392,617
21,995,151
4,450,311
9,885,375
26,945,733
40,903,211
13,783,710
8,797,938
1,357,932
5,268,395
2,887,877
9,468,459
5,203,800
3,940,934
7,294,543
11,021,045
7,729,013
11,585,174
18,050,567
20,172,539
7,770,991
6,259,311
8,341,916
14,800,078
29,949,745
24,598,183
3,698,008
12,312,863
17,933,836
27,177,833
11,785,528
527,093,666
30,049,507
431,765,413
497,044,159
Date of
Financial
Statament
where
Reported
Q1
Q1
Q1
Q1
Q1
Q2
Q2
Q3
Q3
Q3
Q3
Q3
Q3
Q3
Q3
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
4. As of December 31, 2011, Thrivent Financial held loan backed securities with a book adjusted
carrying value of $2,831,742,883 and a fair value of $2,732,900,496. The securities have unrealized
gains of $89,213,456 and unrealized losses totaling $188,055,842. Securities in a continuous unrealized
loss position for less than 12 months totaled $155,401,088, while those securities in a continuous loss
position for more than 12 months totaled $32,654,754.
5. All loan backed securities in an unrealized loss position were reviewed to determine whether an
other-than-temporary impairment should be recorded. Thrivent Financial has evaluated projected cash
flows and impaired those securities where cash flows expected to be collected was less than the
amortized cost basis. Detailed analysis of underlying credit and cash flows are reviewed for each
security. It is possible that Thrivent Financial could recognize other-than temporary impairments in the
future on some of the securities held at December 31, 2011, as additional information regarding these
securities becomes known.
18.3
2. Thrivent Financial did not pledge any of its assets as collateral for security lending arrangements as of
December 31, 2011.
3. Collateral Received - Securities Lending
a. Thrivent Financial's aggregate amount of open collateral positions in its securities lending
program as of December 31, 2011 is $448,704,639.
b. The aggregate fair value of all securities acquired from the sale, trade or use of the accepted
collateral is $448,476,833.
c. Thrivent Financial receives cash collateral in an amount in excess of the fair value of the
securities lent. The cash collateral is reinvested and administered by Thrivent Financial, which
invests in bonds, cash equivalents and short-term securities.
4. For securities lending transactions administered by Thrivent Financial, the aggregate value of Thrivent
Financials reinvested collateral that is reported in the investment schedules is $448,476,833. Thrivent
Financial has no reinvested collateral administered by Thrivent Financial that is one-line reported.
5. Collateral Reinvested - Securities Lending
a. Thrivent Financial's aggregate amount of cash collateral reinvested in its securities lending
program as of December 31, 2011 is ($ in millions):
Amortized Cost
Fair Value
a) Open
$
88,862,019
$
88,862,019
b) 30 days or less
120,808,941
120,808,941
c) 31 to 60 days
117,170,786
117,170,786
d) 61 to 90 days
0
0
e) 91 to 120 days
0
0
f) 121 to 180 days
0
0
g) 181 to 365 days
30,441,646
30,441,646
h) 1 to 2 years
56,163,441
56,163,441
i) 2 to 3 years
0
0
j) Greater than 3 years
35,030,000
35,030,000
k) Sub-total
$
448,476,833
$
448,476,833
l) Securities received
0
0
m) Total collateral reinvested
$
448,476,833
$
448,476,833
b. The maturity dates of the liabilities generally match the maturity dates of the invested assets.
F. Real Estate
1. During 2011, impairment losses of $3.1 million were recognized on investments in real estate and are
included in net realized capital gains and losses on the Summary of Operations.
2. Thrivent Financial has approximately $35.2 million of real estate classified as held for sale with no firm
dates as to any anticipated sales.
3. Thrivent Financial has not experienced any changes to a plan of sale for any investment in real estate.
4. Thrivent Financial does not engage in any retail land sales operations.
5. Thrivent Financial does not hold real estate investments with participating mortgage loan features.
G. Thrivent Financial has no investments in low-income housing tax credits as of December 31, 2011.
18.4
CUSIP
01F030413
01F050619
01F060618
02R030418
Description
Fannie Mae FNCI 3.0 1/12 TBA January
Fannie Mae FNCL 5 1/12 TBA January
Fannie Mae FNCL 6 1/12 TBA January
Freddie Mac FGCI 3 1/12 TBA January
TOTAL
Book Adjusted
Par Value
$907,750,000
83,000,000
22,000,000
331,750,000
$1,344,500,000
Carrying Value
$932,649,531
89,416,289
24,117,500
341,732,266
$1,387,915,586
The commitments to purchase securities at a later date are reflected on Page 3, Line 21.8 as payable for
securities.
Thrivent Financial also recognizes fee income from this program related to the negotiated spread (price
drop) received by Thrivent Financial from the broker/dealer. The mortgage dollar roll program generated fee
income of $30,871,355 and $24,023,178 during 2011 and 2010, respectively.
Thrivent Financial utilizes foreign currency swaps to manage the risk associated with changes in the exchange
rate of foreign currency to U.S. dollar payments. The swaps are valued at market value at each reporting
period, and the change in the market value is recognized in earnings. No cash is exchanged at the outset of the
swaps, and interest payments received are recorded as a component of net investment income. The statement
values of the swaps are $0 for years ended 2011 and 2010.
Thrivent Financial enters into credit default swaps (CDS) to buy loss protection from a counterparty in the event
of default of a reference obligation or a reference pool of assets. The CDS swaps the credit risk of certain fixed
maturity securities with the credit risk of a basket of U.S. securities and indices. The statement values of the
credit default swaps are $0 for the years ended 2011 and 2010.
18.5
Thrivent Financial is a fraternal benefit society and, as such, is generally exempt from federal income taxes.
10. Information Concerning Parent, Subsidiaries and Affiliates and Other Related Parties
A/B/C. In 2011, Thrivent Financial received $26,800,000 in cash dividends from its wholly-owned subsidiary,
Thrivent Financial Holdings, Inc. (Holdings) and $250,370,193 in distributions from its majority-owned limited
partnerships, Thrivent White Rose Funds Limited (WRF) and Pacific Street Fund Limited (PSF). On March
15, 2011, Thrivent Financial formed a wholly-owned limited liability company, Gold Rong Holdings, LLC (Gold
Ring), which hole title to real estate properties. During the year ended December 31, 2011, Thrivent
Financial contributed capital to Gold Ring in the amount of $21,234,534. In 2010, Thrivent Financial received
cash dividends of $22,500,000 from Holdings. Also in 2010, Thrivent Financial received distribution of
$142,170,014 from WRF and PSF.
D. As of December 31, 2011 and 2010, Thrivent Financial had an outstanding net receivable of $7,812,814 and
$6,985,332, respectively, with its affiliates. All outstanding intercompany balances are generally settled
within 30 days.
From January 1, 2010 through August 31, 2010, Thrivent Financial invested its securities lending collateral
with an affiliated organization, Thrivent Financial Securities Lending Trust. Thrivent Financial earned fee
income on the collateral based on the contractual agreement with the lending agent. For 2010, this
amounted to $397,096. As of September 1, 2010, Thrivent Financial created a separate custodial account
and directly holds the reinvested collateral.
E. Thrivent Financial has not made any guarantees or other commitments that might result in a material
contingent exposure of Thrivent Financial, except as disclosed in Note 14.
F. Thrivent Financial shares facilities and employees with other affiliates. Costs for services are allocated
amongst the members of the affiliated group using allocation methodologies that are in accordance with
SSAP #70.
G. Thrivent Financial is a fraternal benefit society and is owned by its members.
H. Thrivent Financial does not own any shares of stock in any upstream affiliated company.
I.
Thrivent Financial does not have any investment in any affiliated company with a value of more than 10% of
Thrivent Financials admitted assets.
J. Thrivent Financial does not have any investment in any affiliated company that is impaired.
K. Thrivent Financial does not have any investment in a foreign insurance subsidiary.
L. Thrivent Financial has an investment in a downstream noninsurance holding company whose value is
determined based on audited financial statements.
11. Debt
A. Thrivent Financial has no capital note obligations as of December 31, 2011 and 2010. Thrivent Financial has
an outstanding liability for borrowed money as of December 31, 2011 and 2010 totaling $451,172 and $0,
respectively.
B. Thrivent Financial has not entered into any advances, lines of credit or borrowing arrangements with the
Federal Home Loan Bank.
18.6
1.
2011
779,492,187
19,445,846
41,838,070
0
69,407,150
0
(33,686,217)
0
876,497,036
725,071,428
19,274,608
42,076,700
0
29,686,508
0
(33,617,057)
0
$ 779,492,187
603,703,349
(6,569,318)
30,200,000
0
0
(33,686,217)
593,647,814
2010
101,435,589
7,198,667
5,345,537
0
(719,418)
0
(6,498,096)
0
106,762,279
99,245,486
6,332,254
5,655,803
0
(3,153,099)
0
(6,644,855)
0
$ 101,435,589
0
0
6,498,096
0
0
(6,498,096)
0
548,811,560
68,508,846
20,000,000
0
0
(33,617,057)
$ 603,703,349
Retirement Plans
2011
3.
6.
(282,849,222)
(6,331,653)
392,344,984
0
0
6,644,855
0
0
(6,644,855)
0
2011
$ (175,788,838)
(7,386,929)
276,028,817
$ (106,762,279)
(3,336,644)
31,341,340
2010
$ (101,435,589)
(3,792,147)
33,533,851
0
103,164,109
0
92,853,050
109,916
(78,647,667)
219,830
(71,474,055)
$
$
832,689,594
2,480,472
$
$
732,956,176
3,793,442
$
$
106,762,279
46,058,966
$
$
101,435,589
43,804,523
2,356,498
3,566,972
46,058,966
43,804,523
19,445,846
41,838,070
(55,041,607)
19,274,608
42,076,700
(53,070,944)
7,198,667
5,345,537
0
6,332,254
5,655,803
0
0
14,701,908
(1,055,276)
19,888,941
0
9,882,059
(1,055,276)
17,107,147
109,914
1,473,093
(455,503)
13,671,708
109,914
1,810,051
(455,503)
13,452,519
7. A minimum pension liability adjustment is required when the actuarial present value of accumulated
benefits exceeds plan assets and accrued pension liabilities. At December 31, 2011, the accumulated
benefit obligation exceeded the fair value of plan assets. As a result, Thrivent Financial has accrued a
minimum pension liability.
8. Weighted-average assumptions
Retirement Plans
a. Discount rate
b. Rate of compensation increase
c. Expected return on plan assets
2011
5.00%
2.50%
8.25%
2010
5.50%
3.00%
8.50%
Other Postretirement
Benefit Plans
2011
2010
5.00%
5.50%
N/A
N/A
N/A
N/A
9. Thrivent Financial uses a measurement date of December 31 in its benefit plan disclosures.
10. For postretirement benefits other than pensions, the assumed health care cost trend rate used in
measuring the postretirement health care benefit obligation was 7.5% in 2012 trending down to 5% in
2021.
18.7
12. The assets of Thrivent Financials qualified defined benefit plan are held in trust. Thrivent Financial has a
benefit plan advisory committee that sets investment guidelines, which are established based on market
conditions, risk tolerance, funding requirements and expected benefit payments. As pension liabilities
are long-term in nature, Thrivent Financial employs a long-term total return approach to maximize the
long-term rate of return on plan assets for a prudent level of risk. The investment portfolio contains a
diversified portfolio of investment categories including equities and fixed income securities. Target
allocations and actual allocations for plan assets were 60% equity securities and 40% fixed income and
other securities, respectively, for both years ended December 31, 2011 and 2010. Securities are also
diversified in terms of domestic and international securities, short and long-term securities, growth and
value styles, large cap and small cap stocks, active and passive management and derivative-based
styles. With prudent risk tolerance and asset diversification, the plan is expected to meet its pension
obligations in the future.
13. Projected benefit payments
a. 2012
b. 2013
c. 2014
d. 2015
e. 2016
f. 2017 - 2021
Retirement
Plans
$ 39,900,000
42,200,000
43,600,000
45,500,000
47,800,000
276,700,000
Other
Postretirement
Benefit Plans
$ 8,689,000
9,095,000
9,601,000
10,206,000
10,822,000
61,391,000
14. The minimum pension contribution required for 2012 under ERISA guidelines will be determined
in the first quarter of 2012.
15. Benefit plan assets have no investments or insurance contracts issued by Thrivent Financial or related
parties.
16. Thrivent Financial does not use alternative methods to amortize prior service amounts or unrecognized
net gains or losses.
17. Thrivent Financial does not use any substantive commitments as the basis for accounting for the benefit
obligation.
18. Thrivent Financial did not have any special contractual benefits recognized during the period.
19. Thrivent Financial did not have any significant changes in benefit obligations not apparent in other
disclosure requirements of SSAP No. 14 and SSAP No. 89.
18.8
a.
b.
c.
d.
e.
2011
$ 225,276,471
(205,769,437)
(277,790,433)
(1,245,000,574)
0
2010
$ 315,275,215
(210,845,373)
(258,587,694)
(816,075,039)
0
Under terms of guarantee of a letter of credit issued by local banks, Thrivent Financial is obligated to
advance a maximum of $37,000,000 if a local civic organization is unable to make timely payments on its
debt secured by a letter of credit from the local banks. Thrivent Financials guarantee is secured by the civic
organizations assets, which include all funds held by the organization to support the debt and the
organizations building. Thrivent Financial would acquire these assets in the event of default.
Thrivent Financial has commitments to extend credit for mortgage loans and other lines of credit of
$55,657,364.
18.9
Operating Leases
$5,000,000
3,000,000
2,000,000
500,000
300,000
Certain rental commitments have renewal options extending through the year 2020. Some of these renewals
are subject to adjustments in future periods.
Thrivent Financial for was not involved in any material sale-leaseback transactions.
B. Thrivent Financial has rental income generated from properties acquired through default on mortgage loans
held and from rental space in its corporate headquarters building. Future minimum lease payment
receivables under noncancelable leasing arrangements as of December 31, 2011 are as follows:
Year Ending December 31
2012
2013
2014
2015
2016
Operating Leases
2,000,000
2,000,000
1,000,000
1,000,000
400,000
A. Thrivent Financial did not enter into any transfers of receivables reported as sales during the years ended
December 31, 2011 and 2010.
B. Securities loaned under Thrivent Financials securities lending agreement are carried in the accompanying
Assets page at amortized cost or fair value, depending on the nature of the security and as prescribed by
NAIC guidelines. Thrivent Financial measures the fair value of securities loaned against collateral received
on a daily basis. Additional collateral is obtained as necessary to ensure such transactions are adequately
collateralized. The SAP fair value of loaned securities at December 31, 2011 is $438,694,144.
18.10
Number of
Transactions
Book Value of
Securities Sold
Cost of Securities
Repurchased
Gain (Loss)
Bonds:
a.
NAIC 3
11
$9,762,817
$10,333,832
$733,573
b.
NAIC 4
$0
$0
$0
c.
NAIC 5
$0
$0
$0
d.
NAIC 6
$0
$0
$0
e. NAIC P/RP3
$0
$0
$0
f. NAIC P/RP4
$601,722
$607,883
$16,187
g. NAIC P/RP5
$0
$0
$0
h. NAIC P/RP6
$0
$0
$0
Preferred Stock:
18. Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially
Insured Plans
Thrivent Financial has no uninsured A&H plans.
19. Direct Premium Written/Produced by Managing General Agents/Third Party Administrators
Thrivent Financial had no direct premium written/produced by managing general agents/TPAs that were in
excess of 5% of surplus.
20. Fair Value Measurement
A.
(1). Fair Value at Reporting Date
In estimating the fair values for financial instruments carried at fair value, the amount of observable
and unobservable inputs used to determine fair value is taken into consideration. Each of the
financial instruments has been classified into one of three categories based on that evaluation:
Level 1: Fair value based on quoted prices for identical assets in active markets that are accessible.
Level 2: Fair value based on quoted prices for similar instruments in active markets that are
accessible; quoted prices for identical or similar instruments in markets that are not active;
or model-derived valuations where the significant value driver inputs are observable.
Level 3: Fair value based on significant value driver inputs that are not observable.
The fair values of financial instruments carried at fair value, were as follows:
Level 1
Level 2
Fair Value at December 31, 2011:
Unaffiliated Common stocks:
Large-cap
269,676,909
3,093,270
Mid-cap
38,321,940
International
66,954,638
REITs
99,929,952
Other
236,230,128
10,750,620
Short-term investments
137,815,115
Assets held in separate accounts
13,398,945,737
Total
$
644,158,929
$ 13,617,559,380
Level 3
Total
16,128,361
$
16,128,361
272,770,179
38,321,940
66,954,638
99,929,952
263,109,109
137,815,115
13,398,945,737
14,277,846,670
For unaffiliated common stock, fair values are based on quoted market prices in active markets. For
short-term investments and assets held in separate accounts, fair values are based on quoted daily net
asset values of the invested funds.
18.11
$
$
$
$
$
$
5,015
103,713
(1,888,131)
16,547,329
1,360,433
16,128,360
Amount of gains (losses) recognized in net income attributable to the change in unrealized gains(losses) related to assets still
held at December 31, 2011:
$0
(3). Thrivent Financial recognizes transfers into and out of Level 1, 2 and 3 assets at the end of the
reporting period.
21. Other Items
A.
B.
C.
D.
E.
Actual
Book/Adj
Fair
OTTI
Cost
Carrying Value
Value
Recognized
$321,746,906
0
0
0
0
0
$321,746,906
(4) As of December 31, 2011, Thrivent Financial has no underwriting exposure through Mortgage Guarantor
Financial Guaranty.
18.12
Thrivent Financial was not part of a group of affiliated insurers that utilizes a pooling arrangement during the
statement period.
27. Structured Settlements
Thrivent Financial had no structured settlements during the years ended December 31, 2011 and 2010.
18.13
2. Ordinary certificates issued on a substandard basis are valued in the same manner as standard certificates,
except that the valuation mortality rates are loaded to reflect the substandard rating.
3. As of December 31, 2011 and 2010, Thrivent Financial had $7,426,930,441 and $6,743,002,370,
respectively, of insurance in force for which the gross premiums are less than the net premiums
according to the standard valuation set by the State of Wisconsin. Reserves to cover the above
insurance totaled $48,552,760 and $46,302,355 as of December 31, 2011 and 2010, respectively, and
are reported in Exhibit 5, Life Insurance.
4. The Tabular Interest has been determined by formula as described in the instructions. The Tabular Less
Actual Reserve Released has been determined by formula as described in the instructions. The Tabular
Cost has been determined by formula as described in the instructions.
5. The Tabular Interest for supplementary contracts not involving life contingencies (Page 14, Exhibit 7, Line 3)
has been determined by formula as described in the instructions for Page 7.
6. The Guaranteed Living Withdrawal Benefit was first issued in July 2007 and is valued according to Actuarial
Guideline 43.
32. Analysis of Annuity Actuarial Reserves and Deposit Type Liabilities by Withdrawal Characteristics
Withdrawal Characteristics of Annuity Actuarial Reserves and Deposit-Type Contract Funds and
other Liabilities without Life or Disability Contingencies
Separate Account
Separate
without Guarantees
Account with
Guarantees
General Account
% of Total
Total
0 $495,006,221
495,006,221
1.7%
4,270,275,164
4,270,275,164
14.8%
11,923,215,367
11,923,215,367
41.4%
4,270,275,164 495,006,221
11,923,215,367
16,668,496,752
57.9%
10,822,213,718
10,822,213,718
37.5%
1,264,942,485
46,680,531
1,311,623,016
4.6%
16,357,431,367
11,969,895,898
28,822,333,486
100%
$16,357,431,367 $495,006,221
18.14
$11,969,895,898 $28,822,333,486
$11,793,283,048
1,682,889,350
26,840,378
2,854,418,594
5. Subtotal
$16,357,431,369
$12,333,194,101
28,020,475
61,673,186
42,014,354
10. Subtotal
12,464,902,117
$28,822,333,486
G. Thrivent Financial has not entered into any advances, lines of credit or borrowing arrangements with the Federal Home Loan Bank.
A. Deferred and uncollected life insurance premiums and annuity considerations as of December 31, 2011 were
as follows:
Type
Gross
Net of Loading
3,711,206
68,320,761
$ 1,996,793
106,831,607
$ 72,031,968
$108,828,400
Totals
$12,756,488,008
18.15
$13,398,945,738
As of December 31, 2011, the general account of Thrivent Financial has paid the following $4,879,500
towards separate account guarantees.
2011
$4,879,500
2010
$6,434,543
4. Thrivent Financial does not engage in securities lending transactions within the separate account.
B. General Nature and Characteristics of Separate Accounts Business
Most separate and variable accounts held by Thrivent Financial relate to individual variable life and variable
annuities of a non-guaranteed return nature. The net investment experience of the separate account is
credited directly to the contractholder and can be positive or negative. Variable annuities generally provide
an incidental death benefit. One block of variable annuities provides the greater of account value or premium
paid during the first six years after issue. At the end of the sixth year and every six years thereafter, the
minimum guaranteed death benefit is adjusted to the current account value. Another block of variable
annuities provides the greater of the current account value, premium paid, and the highest past anniversary
account value (maximum anniversary). In 2002, Thrivent Financial began offering a variable annuity with the
following minimum guaranteed death benefits options: maximum anniversary, premium accumulation, and
earnings addition, along with the basic death benefit which is the greater of the account value or premium
paid.
Variable life contracts generally provide an incidental death benefit as long as required premiums have been
paid. The assets and liabilities of these accounts are carried at market value. The minimum guaranteed
death benefit reserves are held in Exhibit 5 for life insurance and for annuities, of Thrivent Financial's general
account annual statement. This business has been included in the table below.
In 2002, Thrivent Financial began offering a non-indexed separate account variable annuity with a
guaranteed return of less than 4%. These accounts are subject to withdrawal with a market value
adjustment. The assets and liabilities of these accounts are carried at market value. This business has been
included in the table below.
In 2005, Thrivent Financial began offering a variable annuity with a minimum guaranteed account balance on
money invested in specific allocation subaccounts.
In 2007, Thrivent Financial began offering a variable annuity guaranteed living withdrawal benefit rider. The
money is invested in specific allocation subaccounts.
18.16
1. Premiums,
considerations or
deposits for year ended
12/31/2011
Reserves at 12/31/2011
(2)
Nonindexed
Guarantee Less
than/equal to 4%
(3)
(4)
Nonindexed
Nonguaranteed
Guarantee More
Separate
than 4%
Accounts
(5)
Total
$0
$12,054,105
$0
$1,937,029,833
$1,949,083,938
495,006,221
12,453,582,957
12,948,589,178
a. Fair value
b. Amortized cost
c. Total Reserves*
0
0
0
495,006,221
0
495,006,221
0
0
0
12,453,582,957
0
12,453,582,957
12,948,589,178
0
12,948,589,178
a. Subject to discretionary
withdrawal:
b. With FV adjustment
c. At book value without
FV adjustment and with
current surrender
charges of 5% or more
d. At fair value
e. At book value without
FV adjustment and with
current surrender
charge less than 5%
0
0
495,006,221
0
0
0
0
0
495,006,221
0
12,406,902,426
12,406,902,426
0
0
495,006,221
0
0
0
12,406,902,426
46,680,531
12,901,908,647
46,680,531
$0
$495,006,221
$0 $12,453,582,957
$12,948,589,178
3.
By withdrawal characteristics:
f. Subtotal
g. Not subjuect to
discretionary withdrawal
h. Total
4.
b. Other
3. Transfers as Reported in the Summary of Operations
of the Life, Accident & Health Annual Statement
(1c)+(2)=Page 4, Line 24
$ 1,944,957,479
880,956,359
$ 1,064,011,120
(2,810,707)
2,134,635
$ 1,063,325,048
Thrivent Financial incurred $2,665,238 and paid $2,513,281 of claim adjustment expenses in 2011, of which
$1,910,280 of the paid amount was attributable to insured or covered events of prior years. Thrivent Financial
did not increase or decrease the provision for insured events of prior years.
Thrivent Financial did not adjust the liability for unpaid claims/losses for estimated anticipated salvage and
subrogation.
18.17
Major medical:
1985 CIDA with 1980 CSO 4.0%, 4.5%, and 5.0% (1988-).
1956 Inter-company Hospital Table, Modified, with 1958 CSO 3.5% and
1956 Inter-company Hospital Table with 1958 CSO 2.5% (pre 1982).
1974 Medical Expense Table with 1980 CSO 5% and
1956 Inter-company Hospital Table with 1958 CSO 2.5% (1982-1987).
1974 Medical Expense Table with 1980 CSO 4% and 5.0% (1988-).
150% 1959 Accidental Death Benefit Table with 1958 CSO 3.5% and 1959
Accidental Death Benefit Table with 1958 CSO 2.5%
Pricing Table Modified with 1958 CSO 3.5% and 4.0%.
Major medical:
Medicare Supplement:
Medicare Supplement:
Medicare Supplement:
Current medical expense claim costs taking into account the effect of underwriting selection.
Pricing Table Modified with 1958 CSO 4.0%.
Pricing Table Modified with 1980 4.5%.
Current medical expense claim costs.
Column 5
Major Medical Pricing Tables using modified pricing lapse rates of 4.5%.
Valuation Methods
Disability benefit:
Hospital confinement benefit:
Accidental death benefit:
Major medical:
Medicare Supplement:
Long-term care:
18.18
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES - GENERAL
1.1
1.2
1.3
2.1
2.2
3.1
3.2
3.3
3.4
3.5
3.6
4.1
4.2
5.1
5.2
6.1
6.2
7.1
7.2
Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which
is an insurer?
Yes [ X ]
If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent or with such
regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement providing
disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in its Model
Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards
and disclosure requirements substantially similar to those required by such Act and regulations?
Yes [ X ]
No [ ]
State regulating?
Wisconsin
Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the
reporting entity?
Yes [ ]
If yes, date of change:
State as of what date the latest financial examination of the reporting entity was made or is being made.
12/31/2009
State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity.
This date should be the date of the examined balance sheet and not the date the report was completed or released.
12/31/2009
State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the
reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date).
01/18/2011
By what department or departments?
Wisconsin Office of the Commissioner of Insurance
Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement
filed with departments?
Yes [ ]
No [ ]
Have all of the recommendations within the latest financial examination report been complied with?
Yes [ X ]
No [ ]
During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination
thereof under common control (other than salaried employees of the reporting entity) receive credit or commissions for or control a substantial
part (more than 20 percent of any major line of business measured on direct premiums) of:
4.11 sales of new business?
Yes [ ]
4.12 renewals?
Yes [ ]
During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate,
receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.21 sales of new business?
Yes [ ]
4.22 renewals?
Yes [ ]
Has the reporting entity been a party to a merger or consolidation during the period covered by this statement?
Yes [ ]
If yes, provide the name of the entity, NAIC company code, and state of domicile (use two letter state abbreviation) for any entity that has ceased
to exist as a result of the merger or consolidation.
1
2
3
Name of Entity
NAIC Co. Code State of Domicile
Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended
or revoked by any governmental entity during the reporting period?
If yes, give full information:
Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity?
If yes,
7.21 State the percentage of foreign control
7.22 State the nationality(ies) of the foreign person(s) or entity(ies); or if the entity is a mutual or reciprocal,
the nationality of its manager or attorney-in-fact and identify the type of entity(ies) (e.g., individual,
corporation, government, manager or attorney-in-fact)
1
2
Nationality
Type of Entity
No [ ]
N/A [ ]
No [ X ]
N/A [ X ]
N/A [ ]
No [ X ]
No [ X ]
No [ X ]
No [ X ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
..........................................%
8.1
8.2
Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board?
If response to 8.1 is yes, please identify the name of the bank holding company.
Yes [ ]
No [ X ]
8.3
8.4
Is the company affiliated with one or more banks, thrifts or securities firms?
If response to 8.3 is yes, please provide the names and locations (city and state of the main office) of any affiliates regulated by a federal
financial regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Office of
Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the
affiliate's primary federal regulator.
1
2
3
4
5
6
Affiliate Name
Location (City, State)
FRB
OCC
OTS
FDIC
Thrivent Life Insurance Company
Minneapolis, MN
YES
NO
Thrivent Financial Bank
Appleton, WI
YES
YES
NO
YES
Thrivent Investment Management, Inc
Minneapolis, MN
NO
Thrivent Financial Investor Services, Inc
Minneapolis, MN
NO
Thrivent Asset Management, LLC
Minneapolis, MN
NO
What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?
Ernst & Young, 220 South Sixth Street, Suite 1400, Minneapolis, MN 55402
Yes [ X ]
No [ ]
9.
10.1 Has the insurer been granted any exemptions to the prohibited non-audit services provided by the certified independent public accountant
requirements as allowed in Section 7H of the Annual Financial Reporting Model Regulation (Model Audit Rule), or substantially similar
state law or regulation?
10.2 If the response to 10.1 is yes, provide information related to this exemption:
10.3 Has the insurer been granted any exemptions related to the other requirements of the Annual Financial Reporting Model Regulation as
allowed for in Section 17A of the Model Regulation, or substantially similar state law or regulation?
10.4 If the response to 10.3 is yes, provide information related to this exemption:
10.5 Has the reporting entity established an Audit Committee in compliance with the domiciliary state insurance laws?
10.6 If the answer to 10.5 is no or n/a, please explain.
11.
What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial
consulting firm) of the individual providing the statement of actuarial opinion/certification?
Susan Oberman Smith, 625 Fourth Avenue South, Minneapolis, MN 55415
19
Yes [ X ]
7
SEC
YES
YES
YES
YES
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
No [ ]
N/A [ ]
GENERAL INTERROGATORIES
12.1 Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly?
12.11 Name of real estate holding company
Gold Ring Holdings, LLC
Yes [ X ]
No [ ]
13.2
13.3
13.4
14.1
Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located?
Have there been any changes made to any of the trust indentures during the year?
If answer to (13.3) is yes, has the domiciliary or entry state approved the changes?
Yes [ ]
Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions)
of the reporting entity subject to a code of ethics, which includes the following standards?
a.
Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
b.
Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity;
c.
Compliance with applicable governmental laws, rules and regulations;
d.
The prompt internal reporting of violations to an appropriate person or persons identified in the code; and
e.
Accountability for adherence to the code.
14.11 If the response to 14.1 is no, please explain:
Yes [ ]
Yes [ ]
No [ ]
No [ ]
No [ ]
N/A [ ]
Yes [ X ]
No [ ]
14.2 Has the code of ethics for senior managers been amended?
14.21 If the response to 14.2 is yes, provide information related to amendment(s).
Yes [ ]
No [ X ]
14.3 Have any provisions of the code of ethics been waived for any of the specified officers?
14.31 If the response to 14.3 is yes, provide the nature of any waiver(s).
Yes [ ]
No [ X ]
15.1 Is the reporting entity the beneficiary of a Letter of Credit that is unrelated to reinsurance with a NAIC rating of 3 or below?
15.2 If the response to 15.1 is yes, indicate the American Bankers Association (ABA) Routing Number and the name of the issuing or confirming bank
of the Letter of Credit and describe the circumstances in which the Letter of Credit is triggered.
1
2
3
American Bankers
Association (ABA)
Issuing or Confirming
Circumstances That Can Trigger
Routing Number
Bank Name
the Letter of Credit
Yes [ ]
No [ X ]
Amount
Is the purchase or sale of all investments of the reporting entity passed upon either by the Board of Directors or a subordinate committee thereof?
Does the reporting entity keep a complete permanent record of the proceedings of its Board of Directors and all subordinate committees thereof?
Has the reporting entity an established procedure for disclosure to its Board of Directors or trustees of any material interest or affiliation
on the part of any of its officers, directors, trustees or responsible employees that is in conflict or is likely to conflict with the official duties
of such person?
Yes [ X ]
Yes [ X ]
No [ ]
No [ ]
Yes [ X ]
No [ ]
Yes [ ]
No [ X ]
$........................................0
$........................................0
$........................................0
$........................................0
$........................................0
$........................................0
Yes [ ]
No [ X ]
.............................................
.............................................
.............................................
.............................................
Yes [ X ]
No [ ]
$........................................0
$............................863,876
$........................................0
Yes [ X ]
No [ ]
$........................................0
19.1
Yes [ ]
No [ X ]
No [ ]
No [ ]
N/A [ ]
N/A [ ]
Yes [ X ]
No [ ]
N/A [ ]
Yes [ X ]
No [ ]
$...............................0
$...............................0
$...............................0
$...............................0
$................36,844,000
$...............................0
$...............................0
$....................715,545
$...............................0
3
Amount
Yes [ X ]
No [ ]
3
Date of Change
29.1 Does the reporting entity have any diversified mutual funds reported in Schedule D-Part 2 (diversified according to the Securities and
Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5 (b) (1)])?
No [ ]
N/A [ ]
Yes [ X ]
No [ ]
$..............774,358,020
Yes [ X ]
No [ ]
3
Complete Explanation(s)
Yes [ ]
28.05 Identify all investment advisors, brokers/dealers or individuals acting on behalf of broker/dealers that have access to the investment
accounts, handle securities and have authority to make investments on behalf of the reporting entity:
1
2
Central Registration Depository Number(s)
Name
19.2
No [ ] N/A [ ]
$..............448,476,833
....................................
Yes [ X ]
Yes [ X ]
Yes [ X ]
27.1 Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the
issuer, convertible into equity?
27.2 If yes, state the amount thereof at December 31 of the current year:
28. Excluding items in Schedule E-Part 3-Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity's offices,
vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement
with a qualified bank or trust company in accordance with Section 1, III - General Examination Considerations, F. Outsourcing of Critical Functions
Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook?
28.01 For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:
1
2
Name of Custodian(s)
Custodian's Address
State Street Bank
Kansas City, MO
28.02 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the
name, location and a complete explanation:
1
2
Name(s)
Location(s)
28.03 Have there been any changes, including name changes, in the custodian(s) identified in 28.01 during the current year?
28.04 If yes, give full and complete information relating thereto:
1
2
Old Custodian
New Custodian
Yes [ X ]
No [ X ]
4
Reason
3
Address
Yes [ X ]
No [ ]
2
Name of Mutual Fund
7
6
5
3
1
9
6
0
8
5
3
1
7
3
6
0
3
7
3
0
2
9
4
2
8
7
3
1
5
9
6
5
5
2
5
1
7
5
0
6
19.3
3
Book/Adj.Carrying Value
66,954,638
237,368
237,694
74,518
58,133
118,301
2,149,610
53,431
100,739
70,505
77,178
80,996
7,362,093
7,408,893
138,239
216,958
133,620
466,447
943,660
904,685
24,253,704
15,295,286
5,640,234
10,962,341
350,473
1,443
1,950,494
17,019
587,577
877,653
362,646
722,619
574,063
522,155
972,819
347,785
769,524
596,732
1,019,971
1,314,883
154,927,127
29.3 For each mutual fund listed in the table above, complete the following schedule:
1
19.4
3
Amount of Mutual
Fund's Book/Adjusted
Carrying Value
Attributable to Holding
4,064,147
2,075,594
1,780,993
1,600,216
1,452,916
8,213
6,148
5,673
5,412
4,581
4,754
3,542
3,399
3,399
3,375
775
708
678
663
656
605
570
546
500
465
639
627
568
568
544
240,541
168,959
131,986
125,107
101,677
267
267
246
235
235
615
604
544
524
504
233
219
212
190
190
602
563
533
517
517
8,772
3,985
3,904
3,896
3,685
178,899
165,647
95,707
93,499
85,400
263,016
243,753
140,028
137,065
125,951
10,257
6,165
4,050
3,788
3,580
17,226
8,960
8,505
8,418
8,136
5,171
5,091
3,060
2,726
4,022
9,376
8,443
7,976
Date of Valuation
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
12/31/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
19.5
7,743
7,556
97,480
48,787
46,145
43,031
40,860
66,791
38,094
38,038
35,380
27,862
354,710
286,291
210,498
203,489
199,851
223,694
180,546
132,748
128,327
126,033
140,515
120,126
117,035
102,314
96,606
179,837
168,118
164,325
151,149
149,877
25,875
14,757
14,736
13,706
10,794
58
36
35
33
31
78,513
48,374
47,405
44,436
41,901
645
582
335
232
226
22,278
20,095
11,567
8,026
7,792
17,719
10,369
7,995
5,799
5,728
14,533
3,889
3,349
3,155
3,141
18,766
18,743
18,598
17,186
16,807
21,558
13,421
11,440
9,692
9,419
14,020
13,402
13,142
11,244
11,032
13,172
9,488
9,221
8,881
8,286
14,373
12,526
12,106
10,498
9,970
31,803
27,715
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
09/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
31.1
31.2
31.3
32.1
32.2
26,787
23,227
22,061
19,738
15,795
14,738
12,493
12,293
33,738
26,999
25,191
21,353
21,011
137,571
76,059
55,785
54,562
45,149
Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value.
1
2
3
Excess of Statement
Statement
over Fair Value (-),
(Admitted)
Fair
or Fair Value over
Value
Value
Statement (+)
30.1 Bonds................................................................................... ...........35,961,570,984 ...........38,542,831,137 .............2,581,260,153
30.2 Preferred stocks.................................................................... .................60,183,382 .................63,459,857 ...................3,276,475
30.3 Totals.................................................................................... ...........36,021,754,366 ...........38,606,290,994 .............2,584,536,628
30.4 Describe the sources or methods utilized in determining the fair values:
Bonds estimated fair values are obtained from the NAIC SVO where available. Remaining bonds are valued using quoted market prices
from independent pricing services. All bonds are individually priced based on year-end market conditions, credit quality of issuing
company and maturity of the issue. Preferred stock estimated fair values are obtained from the NAIC SVO where available. Remaining
preferred stocks are valued using quoted market prices from independent pricing services.
Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D?
If the answer to 31.1 is yes, does the reporting entity have a copy of the broker's or custodian's pricing policy (hard copy or electronic copy) for all
brokers or custodians used as a pricing source?
If the answer to 31.2 is no, describe the reporting entity's process for determining a reliable pricing source for purposes of disclosure of fair value for Schedule D.
The general practice is to obtain two broker quotes and use the average for pricing. In cases where it is impossible to get more than one broker quote,
the quote provided must be approved by management. All non-benchmark pricing is approved by management and reviewed by accounting.
Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed?
If no, list exceptions:
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
12/30/2011
Yes [ X ]
No [ ]
Yes [ ]
No [ X ]
Yes [ X ]
No [ ]
19.6
$...................3,025,782
2
Amount Paid
$...................1,264,950
2
Amount Paid
487,866
$......................438,000
2
Amount Paid
360,000
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
1.1 Does the reporting entity have any direct Medicare Supplement Insurance in force?
Yes [ X ]
No [ ]
$............64,340,950
1.3 What portion of Item (1.2) is not reported on the Medicare Supplement Insurance Experience Exhibit?
$...........................0
1.4 Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above.
$...........................0
$............47,042,688
$............10,337,062
$..............6,476,126
......................6,311
$............54,003,888
$............40,566,562
....................19,396
$...........................0
$...........................0
.............................0
$...........................0
$...........................0
.............................0
Yes [ X ]
2.2 If yes, has a Separate Accounts statement been filed with this Department?
Yes [ X ]
2.3 What portion of capital and surplus funds of the reporting entity covered by assets in the Separate Accounts
statement, is not currently distributable from the Separate Accounts to the general account for use by the general account?
No [ ]
No [ ] N/A [ ]
$..........277,790,433
2.4 State the authority under which Separate Accounts are maintained:
Wisconsin Statute 614.24
2.5 Was any of the reporting entity's Separate Accounts business reinsured as of December 31?
Yes [ X ]
No [ ]
2.6 Has the reporting entity assumed by reinsurance any Separate Accounts business as of December 31?
Yes [ ]
No [ X ]
2.7 If the reporting entity has assumed Separate Accounts business, how much, if any, reinsurance assumed receivable for reinsurance of Separate
Accounts reserve expense allowances is included as a negative amount in the liability for "Transfers to Separate Accounts due or accrued (net)?"
3.
Is the reporting entity organized and conducted on the lodge system, with ritualistic form of work and representative form of government?
4.
5.
How are the subordinate branches represented in the supreme or governing body?
$...........................0
Yes [ X ]
No [ ]
The subordinate branches have the opportunity to nominate candidates for election to the supreme governing body, and are active in doing so. The benefit members
of the society directly elect 12 at-large members of the board. Three members are elected each year to serve four-year terms.
6.
7.1 How often are regular meetings of the governing body held?
The Board of Directors meets at least quarterly.
7.2 When was the last regular meeting of the governing body held?
...............11/09/2011
7.3 When and where will the next regular or special meeting of the governing body be held?
February 15 - 16, 2012, in Minneapolis, MN
7.4 How many members of the governing body attended the last regular meeting?
...........................15
7.5 How many of the same were delegates of the subordinate branches?
...........................12
8.
9.
Yes [ X ]
No [ ]
14. Are applicants admitted to membership without filing an application with and becoming a member of a local branch by ballot and initiation?
Yes [ ]
No [ X ]
Yes [ X ]
15.2 If yes, do the notices state the purpose for which the money is to be used?
No [ ] N/A [ ]
Yes [ X ]
No [ ]
16. What proportion of first and subsequent years' payments may be used for management expenses?
16.11 First year
.......................0.0 %
.......................0.0 %
20
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
17.1 Is any part of the mortuary, disability, emergency or reserve fund, or the accretions from or payments for the same, used for expenses?
Yes [ ]
No [ X ]
................................
18.1 Does the reporting entity pay an old age disability benefit?
Yes [ ]
No [ X ]
................................
19.1 Has the constitution or have the laws of the reporting entity been amended during the year?
Yes [ ]
No [ X ]
20. Have you filed with this Department all forms of benefit certificates issued, a copy of the constitution and of all the laws, rules and regulations
in force at the present time? If not, please do so.
21.1 State whether all or a portion of the regular insurance contributions were waived during the current year under premium-paying
certificates on account of meeting attained age or membership requirements?
21.2 If so, was an additional reserve included in Exhibit 5?
Yes [ ]
Yes [ X ]
No [ ]
Yes [ ]
No [ X ]
No [ ] N/A [ X ]
22.1 Has the reporting entity reinsured, amalgamated with, or absorbed any company, order, society, or association during the year?
22.2 If yes, was there any contract agreement, or understanding, written or oral, expressed or implied, by means of which any officer, director, trustee, or any
other person, or firm, corporation, society or association, received or is to receive any fee, commission, emolument, or compensation of any nature
whatsoever in connection with, or on account of such reinsurance, amalgamation, absorption, or transfer of membership or funds?
23. Has any present or former officer, director, trustee, incorporator, or any other persons, or any firm, corporation, society or association, any claims
of any nature whatsoever against this reporting entity, which is not included in the liabilities on Page 3 of this statement?
20.1
Yes [ ]
Yes [ ]
No [ X ]
No [ ] N/A [ X ]
Yes [ ]
No [ X ]
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
24.1 Does the company have variable annuities with guaranteed benefits?
24.2 If 24.1 is yes, complete the following table for each type of guaranteed benefit.
Type
3
4
1
2
Waiting
Account Value
Guaranteed
Guaranteed
Period
Related
Death Benefit
Living Benefit
Remaining
to Col. 3
Greater of Account None
N/A
N/A
Value, Sum of
Premiums Paid, and
6-year Reset
Greater of Account None
Value, Sum of
Premiums Paid, and
Max Anniversary
Value (MAV)
N/A
N/A
Greater of Account
Value and Sum of
Premiums Paid
71,910,430
Greater of Account
Value and Sum of
Premiums Paid
123,172,623
Greater of Account
Value and Sum of
Premiums Paid
66,941,282
Greater of Account
Value and Sum of
Premiums Paid
28,559,360
Greater of Account
Value and Sum of
Premiums Paid
19,169,195
Greater of Account
Value and Sum of
Premiums Paid
18,538,479
Greater of Account
Value and Sum of
Premiums Paid
12,214,882
Greater of Account
Value and Sum of
Premiums Paid
889,025
Greater of Account
Value and Sum of
Premiums Paid
889,025
Greater of Account
Value and Sum of
Premiums Paid
57,882,079
Greater of Account
Value and Sum of
Premiums Paid
78,291,272
Greater of Account
Value and Sum of
Premiums Paid
41,973,972
Greater of Account
Value and Sum of
Premiums Paid
15,448,036
Greater of Account
Value and Sum of
Premiums Paid
9,068,975
Greater of Account
Value and Sum of
Premiums Paid
6,625,617
Greater of Account
Value and Sum of
Premiums Paid
8,59,521
Greater of Account
Value and Sum of
Premiums Paid
952,943
Greater of Account
Value and Sum of
Premiums Paid
218,402,415
Greater of Account
Value and Sum of
Premiums Paid
61,536,298
Greater of Account
Value and Sum of
Premiums Paid
99,291,483
Greater of Account
Value and Sum of
Premiums Paid
78,593,541
Yes [ X ]
5
Total
Related
Account Values
2,384,571,205
1,769,040,548
20.2
6
Gross Amount
of Reserve
Location
of Reserve
0 Exhibit 5
Portion
Reinsured
None
0 Exhibit 5
None
No [ ]
9
Reinsurance
Reserve Credit
0
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
Greater of Account
Value and Sum of
Premiums Paid
158,859,805
Greater of Account
Value and Sum of
Premiums Paid
11,726,630
Greater of Account
Value and Sum of
Premiums Paid
8,845,976
Greater of Account
Value and Sum of
Premiums Paid
8,727,446
Greater of Account
Value and Sum of
Premiums Paid
427,666
Greater of Account
Value and Sum of
Premiums Paid
285,008,845
Greater of Account
Value and Sum of
Premiums Paid
51,562,482
Greater of Account
Value and Sum of
Premiums Paid
82,610,341
Greater of Account
Value and Sum of
Premiums Paid
59,923,958
Greater of Account
Value and Sum of
Premiums Paid
9,110,399
Greater of Account
Value and Sum of
Premiums Paid
7,413,023
Greater of Account
Value and Sum of
Premiums Paid
5,895,082
Greater of Account
Value and Sum of
Premiums Paid
4,157,416
Greater of Account
Value and Sum of
Premiums Paid
234,292
Greater of Account
Value and Sum of
Premiums Paid
220,906,994
Greater of Account
Value and Sum of
Premiums Paid
71,453,631
Greater of Account
Value and Sum of
Premiums Paid
101,602,451
Greater of Account
Value and Sum of
Premiums Paid
57,007,721
Greater of Account
Value and Sum of
Premiums Paid
8,570,031
Greater of Account
Value and Sum of
Premiums Paid
4,208,164
Greater of Account
Value and Sum of
Premiums Paid
4,029,107
Greater of Account
Value and Sum of
Premiums Paid
5,926,849
Greater of Account
Value and Sum of
Premiums Paid
371,959
Greater of Account
Value and Sum of
Premiums Paid
253,169,914
Greater of Account
Value and Sum of
Premiums Paid
GMWB
N/A
1,208,200,354
Greater of Account
Value and Sum of
Premiums Paid
None
N/A
3,757,074,150
20.3
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
Greater of Account
Value and Sum of
Premiums Paid
Total
5,075,957,594
37,682,525
54,883,911
39,419,065
18,966,540
12,148,071
16,114,247
14,325,464
1,133,900
194,673,714
25,872,435
37,344,054
21,754,841
10,760,205
5,205,277
5,577,503
9,397,679
1,189,662
117,101,655
23,986,178
5,075,957,594
20.4
0 Exhibit 5
None
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
Greater of Account GMAB - accumulate 9 years
Value, Sum of
at 0.00% 10 yr
Premiums Paid, and waiting period
MAV
43,711,002
42,913,913
11,546,119
8,695,422
11,809,263
10,862,162
416,633
153,524,059
26,868,280
47,900,804
35,569,699
5,937,537
5,480,040
6,712,941
6,854,408
580,652
135,904,362
28,245,523
49,966,624
31,330,982
20.5
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
Greater of Account GMAB - accumulate 7 years
Value, Sum of
at 2.00% 10 yr
Premiums Paid, and waiting period
MAV
9,417,924
2,225,151
2,529,808
5,966,489
524,119
130,206,621
Total
3,543,034,418
Greater of Account
Value, Sum of
Premiums Paid, and
MAV
Total
4,144,238,207
N/A
4,144,238,207
0 Exhibit 5
None
N/A
65,002,953
0 Exhibit 5
None
N/A
N/A
275,546,893
0 Exhibit 5
None
N/A
N/A
25,404,077
0 Exhibit 5
None
N/A
N/A
65,571,511
0 Exhibit 5
None
N/A
N/A
7,751,054
0 Exhibit 5
None
N/A
N/A
282,168,241
0 Exhibit 5
None
25.
For reporting entities having sold annuities to another insurer when the insurer purchasing the annuities has obtained a release of liability from the claimant (payee)
as the result of the purchase of an annuity from the reporting entity only:
25.1 Amount of loss reserves established by these annuities during the current year?
$...........................0
25.2 List the name and location of the insurance company purchasing the annuities and the statement value on the purchase date of the annuities.
1
2
P&C Insurance Company
Statement Value on Purchase
and
Date of Annuities
Location
(i.e., Present Value)
$
26.1
26.2
26.3
26.4
Yes [ ] No [ X ]
................................
Yes [ ] No [ X ]
................................
20.6
GENERAL INTERROGATORIES
PART 2 - FRATERNAL INTERROGATORIES
27.1 Does the reporting entity have outstanding assessments in the form of liens against policy benefits that have increased surplus?
27.2 If yes, what is the date(s) of the original lien and the total outstanding balance of liens that remain in surplus?
Date
Outstanding Lien
Amount
20.7
Yes [ ]
No [ X ]
2
2010
3
2009
4
2008
5
2007
Total (Line 21, Column 2)......................................................................................................... ........170,231,985 ........166,944,469 ........164,294,117 ........161,788,074 ........159,646,693
New Business Issued (Exhibit of Life Insurance)
2.
3.
Life insurance - first year (Line 9.4, Column 2)........................................................................ ..........75,604,598 ..........71,287,894 ..........65,204,884 ..........72,707,434 ..........75,604,732
4.
Life insurance - single and renewal (Lines 10.4 and 19.4, Column 2)..................................... .....1,441,294,676 .....1,368,821,430 .....1,260,595,642 .....1,223,827,539 .....1,120,211,816
5.
Annuity (Line 20.4, Column 3).................................................................................................. .....2,915,637,450 .....2,745,491,970 .....2,364,378,448 .....1,975,929,598 .....1,690,480,153
6.
Accident and health (Line 20.4, Column 4).............................................................................. ........318,574,083 ........324,316,639 ........329,297,685 ........333,154,282 ........327,892,771
7.
Aggregate of all other lines of business (Line 20.4, Column 5)................................................ ............................. ............................. ............................. ............................. .............................
8.
Total (Line 20.4, Column 1)...................................................................................................... .....4,751,110,808 .....4,509,917,933 .....4,019,476,660 .....3,605,618,853 .....3,214,189,472
Balance Sheet Items (Pages 2 and 3)
9.
Total admitted assets excluding Separate Accounts business (Page 2, Line 26, Col. 3)........ ...48,857,843,811 ...46,512,195,281 ...43,787,542,532 ...41,295,889,344 ...41,843,208,648
10. Total liabilities excluding Separate Accounts business (Page 3, Line 23)............................... ...45,017,484,918 ...42,571,587,841 ...39,776,419,565 ...37,410,407,161 ...37,426,070,379
11. Aggregate reserve for life certificates and contracts (Page 3, Line 1)...................................... ...33,437,115,016 ...32,246,873,197 ...30,985,350,769 ...29,652,299,872 ...28,782,986,295
12. Aggregate reserve for accident and health certificates (Page 3, Line 2).................................. .....4,136,054,845 .....3,848,870,233 .....3,480,022,349 .....3,199,406,547 .....2,884,835,285
13. Deposit-type contract funds (Page 3, Line 3)........................................................................... .....2,854,418,593 .....2,626,029,738 .....2,413,727,664 .....2,182,788,318 .....1,863,857,061
14. Asset valuation reserve (Page 3, Line 21.1)............................................................................ .....1,245,000,574 ........816,075,039 ........334,161,949 ........194,136,885 ........611,901,586
15. Surplus (Page 3, Line 30)......................................................................................................... .....4,003,470,784 .....4,095,576,616 .....4,126,774,255 .....3,934,709,292 .....4,433,621,200
Cash Flow (Page 5)
16. Net cash from operations (Line 11).......................................................................................... .....1,772,950,597 .....1,790,668,369 .....1,897,455,443 .....1,324,917,507 .......(143,234,017)
Risk-Based Capital Analysis
17. Total Adjusted Capital.............................................................................................................. .....5,402,195,449 .....5,070,470,654 .....4,623,262,307 .....4,299,972,039 .....5,212,762,011
18. 50% of the Calculated RBC Amount........................................................................................ ........559,398,172 ........558,559,824 ........534,470,904 ........443,518,987 ........380,832,304
Percentage Distribution of Cash, Cash Equivalent and Invested Assets
(Page 2, Col. 3) (Line No. Page 2, Line 12, Col. 3) x 100.0
19. Bonds (Line 1).......................................................................................................................... .....................70.6 .....................70.1 .....................69.0 .....................66.9 .....................67.1
20. Stocks (Lines 2.1 and 2.2)........................................................................................................ .......................2.4 .......................2.7 .......................3.0 .......................3.4 .......................4.5
21. Mortgage loans on real estate (Lines 3.1 and 3.2)................................................................... .....................15.6 .....................16.2 .....................17.4 .....................17.7 .....................17.0
22. Real estate (Lines 4.1, 4.2 and 4.3)......................................................................................... .......................0.2 .......................0.2 .......................0.2 .......................0.2 .......................0.2
23. Cash, cash equivalents and short-term investments (Line 5).................................................. .......................4.1 .......................3.5 .......................4.4 .......................5.7 .......................6.2
24. Contract loans (Line 6)............................................................................................................. .......................2.6 .......................2.7 .......................2.9 .......................3.0 .......................3.0
25. Derivatives (Line 7).................................................................................................................. .......................0.0 .......................0.0 ..........XXX............ ..........XXX............ ..........XXX............
26. Other invested assets (Line 8)................................................................................................. .......................4.4 .......................4.0 .......................3.1 .......................3.0 .......................1.9
27. Receivable for securities (Line 9)............................................................................................. .......................0.1 .......................0.5 .......................0.1 .......................0.1 .......................0.0
28. Securities lending reinvested collateral assets (Line 10)......................................................... ............................. ............................. ..........XXX............ ..........XXX............ ..........XXX............
29. Aggregate write-ins for invested assets (Line 11).................................................................... ............................. ............................. .......................0.0 .......................0.0 ......................(0.0)
30. Cash, cash equivalents and invested assets (Line 12)............................................................ ...................100.0 ...................100.0 ...................100.0 ...................100.0 ...................100.0
Investments in Subsidiaries and Affiliates
31. Affiliated bonds (Schedule D Summary, Line 12, Col. 1)......................................................... ............................. ............................. ............................. ............................. .............................
32. Affiliated preferred stock (Schedule D Summary, Line 18, Col. 1)........................................... ............................. ............................. ............................. ............................. .............................
33. Affiliated common stock (Schedule D Summary, Line 24, Col. 1)............................................ ........375,382,782 ........368,565,262 ........355,878,634 ........357,509,049 ........322,948,735
34. Affiliated short-term investments (subtotals included in Sch. DA, Verif., Col. 5, Line 10)........ ............................. ............................. ........205,559,085 ........783,641,786 .....1,659,824,663
35. Affiliated mortgage loans on real estate................................................................................... ............................. ............................. ............................. ............................. .............................
36. All other affiliated...................................................................................................................... .....1,549,136,637 .....1,183,730,245 ........835,633,868 ........652,588,352 ........296,696,369
37. Total of above Lines 31 to 36................................................................................................... .....1,924,519,419 .....1,552,295,507 .....1,397,071,587 .....1,793,739,187 .....2,279,469,767
Total Nonadmitted Assets and Admitted Assets
38. Total nonadmitted assets (Page 2, Line 28, Col. 2)................................................................. ........205,769,437 ........210,845,373 ........227,128,803 ........203,674,783 ........178,154,786
39. Total admitted assets (Page 2, Line 28, Col. 3)....................................................................... ...62,256,789,548 ...59,224,749,903 ...54,372,055,030 ...49,470,158,721 ...53,474,099,420
Investment Data
40. Net investment income (Exhibit of Net Investment Income, Line 17)....................................... .....2,532,837,903 .....2,364,216,691 .....2,272,436,255 .....2,322,268,374 .....2,261,896,323
41. Realized capital gains (losses) (Page 4, Line 30, Column 1)................................................... .........(56,232,348) .........(19,619,494) .......(292,701,076) .......(417,064,765) ..........42,746,322
42. Unrealized capital gains (losses) (Page 4, Line 34, Column 1)................................................ ..........16,174,028 ........156,500,878 ........240,442,017 .......(409,129,984) ..........30,901,950
43. Total of above Lines 40, 41 and 42.......................................................................................... .....2,492,779,583 .....2,501,098,076 .....2,220,177,195 .....1,496,073,625 .....2,335,544,595
21
2011
2010
2009
2008
2007
22
Yes [ ]
No [ ]
*56014201143059100*
LIFE INSURANCE
1.
2.
3.
4.
5.
1
Life and Annuities
...................................................................1,356,484,607
...................................................................2,915,509,314
........................................................................62,033,927
............................................................................................
...................................................................4,334,027,849
7.1
7.2
7.3
7.4
8.
..........................................................................6,023,755
................................................................................90,800
................................................................................37,139
..........................................................................6,151,694
......................................................................298,733,027
9.
10.
11.
12.
13.
14.
15.
......................................................................822,384,567
..........................................................................8,880,293
......................................................................758,651,292
...................................................................1,629,361,670
.........................................................................................0
........................................................................14,499,710
...................................................................3,233,777,531
1301.
1302.
1303.
1398.
1399.
DETAILS OF WRITE-INS
..............................................................................................................................................................................................................
..............................................................................................................................................................................................................
..............................................................................................................................................................................................................
Summary of remaining write-ins for Line 13 from overflow page.......................................................................................................
Totals (Items 1301 thru 1303 plus 1398) (Line 13 above)..................................................................................................................
............................................................................................
............................................................................................
............................................................................................
.........................................................................................0
.........................................................................................0
6.1
6.2
6.3
6.4
6.5
........................................................................21,806,749
........................................................................61,232,351
......................................................................209,542,233
............................................................................................
......................................................................292,581,333
1
2
Number of Certificates
Amount
..........................................2,444 .................................84,608,494
........................................20,158 ...............................823,261,081
18.1
18.2
18.3
18.4
18.5
18.6
19.
........................................20,117
.....................................................
........................................20,117
.....................................................
...............................................13
........................................20,130
..........................................2,472
...............................814,804,061
.....................................................
...............................814,804,061
.....................................................
......................................237,256
...............................815,041,317
.................................92,828,258
20.
21.
22.
23.
POLICY EXHIBIT
In force December 31, prior year...............................................................................................................................................
Issued during year......................................................................................................................................................................
Other changes to in force (net)..................................................................................................................................................
In force December 31, current year...........................................................................................................................................
...................................2,224,305
........................................44,121
.......................................(75,609)
...................................2,192,817
........................166,944,468,696
............................8,788,472,900
...........................(5,500,956,372)
........................170,231,985,224
16.
17.
24.
25.1
25.2
25.3
25.4
25.5
25.6
25.7
26.
2
3
4
Direct
Refunds Paid
Direct
Premiums
or Credited on
Losses
Direct Premiums
Earned
Direct Business
Paid
Collectively Renewable Certificates.................................................... .................................... .................................... .................................... ....................................
Other Individual Certificates:
Non-cancelable................................................................................... .................24,432,069 .................23,819,947 ...................7,000,595 .................13,769,568
Guaranteed renewable....................................................................... ..............292,153,139 ..............305,478,194 ......................770,888 ..............235,643,573
Non-renewable for stated reasons only.............................................. ...................2,023,598 ...................2,045,392 .................................... ...................2,953,491
Other accident only............................................................................. .................................... .................................... .................................... ....................................
Medicare Title XVIII exempt from state taxes or fees......................... .................................... .................................... .................................... ....................................
All Other............................................................................................... .................................... .................................... .................................... ....................................
Totals (sum of Lines 25.1 to 25.6)...................................................... ..............318,608,805 ..............331,343,533 ...................7,771,484 ..............252,366,631
Totals (Line 24 + 25.7)........................................................................ ..............318,608,805 ..............331,343,533 ...................7,771,484 ..............252,366,631
23.GT
5
Direct
Losses
Incurred
....................................
.................10,373,997
..............287,875,885
...................2,672,283
....................................
....................................
....................................
..............300,922,164
..............300,922,164
0801.
0802.
0803.
0898.
0899.
1901.
1902.
1903.
1998.
1999.
DETAILS OF WRITE-INS
.................................................................................................................................................................................................
.................................................................................................................................................................................................
.................................................................................................................................................................................................
Summary of remaining write-ins for Line 8 from overflow page.............................................................................................
Totals (Lines 0801 thru 0803 plus 0898) (Line 8 above)........................................................................................................
.................................................................................................................................................................................................
.................................................................................................................................................................................................
.................................................................................................................................................................................................
Summary of remaining write-ins for Line 19 from overflow page...........................................................................................
Totals (Lines 1901 thru 1903 plus 1998) (Line 19 above)......................................................................................................
1
Number of
Certificates
...................................2,224,305
........................................44,121
.....................................................
..........................................6,414
.....................................................
........................................50,535
......................XXX.......................
..................................................0
...................................2,274,840
2
Amount of Insurance
(a)
...............................166,944,469
...................................8,788,473
.....................................................
...................................1,117,453
...................................1,089,210
.................................10,995,136
.....................................................
..................................................0
...............................177,939,605
........................................20,094
.............................................561
.....................................................
.............................................874
........................................30,367
........................................28,711
..........................................1,419
.....................................................
.....................................................
..................................................0
........................................82,026
...................................2,192,814
......................XXX.......................
......................XXX.......................
......................................827,829
..........................................4,970
.....................................................
......................................133,789
...................................1,952,677
...................................4,672,768
......................................115,587
.....................................................
.....................................................
..................................................0
...................................7,707,620
...............................170,231,985
.................................38,787,077
...............................131,444,908
.....................................................
.....................................................
.....................................................
..................................................0
..................................................0
.....................................................
.....................................................
.....................................................
..................................................0
..................................................0
.....................................................
.....................................................
.....................................................
..................................................0
..................................................0
.....................................................
.....................................................
.....................................................
..................................................0
..................................................0
(a) Amounts of life insurance in this exhibit shall be shown in thousands (omit 000).
(b) Paid-up insurance included in the final totals of Line 21 (including additions to certificates), number of certificates.....204,709 , Amount, $.....10,871,917.
Additional accidental death benefits included in life certificates were in amount, $.....14,910,328. Does the society collect any
contributions from members for general expenses of the society under fully paid-up certificates? Yes [ ]
No [ X ]
If not, how are such expenses met?...............Adjustments in dividend formulas
1.
2.
3.
4.
5.
1
Supplementary
Contracts
(Involving Life
Contingencies)
......................................33,849
........................................2,972
...................................................
...................................................
......................................36,821
2
Supplementary
Contracts
(Not Involving Life
Contingencies)
......................................56,231
......................................11,385
...................................................
...................................................
......................................67,616
Individual
Annuities
....................................558,698
......................................32,053
...................................................
...................................................
....................................590,751
Accident &
Health
Insurance
....................................232,273
........................................4,671
...................................................
...................................................
....................................236,944
........................................1,613
...................................................
........................................1,613
......................................35,208
...................................................
........................................6,486
...................................................
........................................6,486
......................................61,130
..........................1,010,016,130
......................................31,216
...................................................
......................................31,216
....................................559,535
...................................................
......................................11,234
...................................................
......................................11,234
....................................225,710
.....................XXX......................
24
2.
Current year's realized pre-tax capital gains/(losses) of $.....209,100,672 transferred into the reserve net of taxes of $..........0........................................... ....................................209,100,672
3.
Adjustment for current year's liability gains/(losses) released from the reserve....................................................................................................................... .........................................................
4.
Balance before reduction for amount transferred to Summary of Operations (Line 1 + Line 2 + Line 3)................................................................................ ....................................446,886,244
5.
Current year's amortization released to Summary of Operations (Amortization, Line 1, Column 4)........................................................................................ ......................................99,695,915
6.
Reserve as of December 31, current year (Line 4 minus Line 5).............................................................................................................................................. ....................................347,190,328
Amortization
Year of
Amortization
1
Reserve as of
December 31,
Prior Year
2
Current Year's Realized Capital
Gains/(Losses) Transferred into
the Reserve Net of Taxes
3
Adjustment for Current Year's
Liability Gains/(Losses)
Released from the Reserve
4
Balance Before Reduction for
the Current Year's Amortization
(Cols. 1 + 2 + 3)
1.
2.
3.
4.
5.
6.
7.
8.
9.
25
Equity Component
Mortgage
Loans
Total
(Cols. 1 + 2)
Common
Stock
5
Real Estate
and Other
Invested Assets
6
Total
(Cols. 4 + 5)
7
Total
Amount
(Cols. 3 + 6)
1. Reserve as of December 31, prior year.......................................................................................................................... .......................222,321,824 .......................214,198,346 .......................436,520,169 .......................157,735,583 .......................221,819,288 .......................379,554,872 .......................816,075,041
2. Realized capital gains/(losses) net of taxes - General Account..................................................................................... ........................(22,284,913) ........................(12,231,134) ........................(34,516,047) .........................43,649,528 ........................(14,135,809) .........................29,513,719 ..........................(5,002,328)
3. Realized capital gains/(losses) net of taxes - Separate Accounts................................................................................. ................................10,117 ............................................. ................................10,117 ............................................. ............................................. ..........................................0 ................................10,117
4. Unrealized capital gains/(losses) - net of deferred taxes - General Account................................................................. .........................16,568,558 ............................................. .........................16,568,558 .........................38,791,690 .......................200,144,544 .......................238,936,234 .......................255,504,792
5. Unrealized capital gains/(losses) - net of deferred taxes - Separate Accounts............................................................. .......................134,000,685 ............................................. .......................134,000,685 ............................................. ............................................. ..........................................0 .......................134,000,685
6. Capital gains credited/(losses charged) to contract benefits, payments or reserves..................................................... ............................................. ............................................. ..........................................0 ............................................. ............................................. ..........................................0 ..........................................0
7. Basic contribution............................................................................................................................................................ .........................68,713,410 .......................184,313,008 .......................253,026,418 ............................................. ................................17,007 ................................17,007 .......................253,043,425
26
8. Accumulated balances (Lines 1 through 5, minus 6 plus 7)........................................................................................... .......................419,329,681 .......................386,280,220 .......................805,609,900 .......................240,176,801 .......................407,845,030 .......................648,021,832 ....................1,453,631,732
9. Maximum reserve............................................................................................................................................................ .......................309,364,302 .......................579,907,680 .......................889,271,982 .......................149,238,083 .......................335,498,757 .......................484,736,840 ....................1,374,008,822
10. Reserve objective............................................................................................................................................................ .......................213,405,681 .......................365,473,380 .......................578,879,061 .......................149,238,083 .......................335,468,994 .......................484,707,077 ....................1,063,586,138
11. 20% of (Line 10 minus Line 8)........................................................................................................................................ ........................(41,184,800) ..........................(4,161,368) ........................(45,346,168) ........................(18,187,744) ........................(14,475,207) ........................(32,662,951) ........................(78,009,119)
12. Balance before transfers (Lines 8 + 11).......................................................................................................................... .......................378,144,881 .......................382,118,852 .......................760,263,732 .......................221,989,058 .......................393,369,823 .......................615,358,881 ....................1,375,622,613
13. Transfers.......................................................................................................................................................................... ........................(68,780,580) .........................68,780,580 ..........................................0 ............................................. ............................................. ..........................................0 ................XXX......................
14. Voluntary contribution...................................................................................................................................................... ............................................. ............................................. ..........................................0 ............................................. ............................................. ..........................................0 ..........................................0
15. Adjustment down to maximum/up to zero...................................................................................................................... ............................................. ............................................. ..........................................0 ........................(72,750,974) ........................(57,871,067) ......................(130,622,041) ......................(130,622,041)
16. Reserve as of December 31, current year (Lines 12 + 13 + 14 + 15)............................................................................ .......................309,364,301 .......................450,899,432 .......................760,263,732 .......................149,238,084 .......................335,498,756 .......................484,736,840 ....................1,245,000,572
NAIC
Designation
Description
Book/Adjusted
Carrying
Value
Reclassify
Related Party
Encumbrances
Add
Third Party
Encumbrances
4
Balance for
AVR Reserve
Calculations
(Cols. 1 + 2 + 3)
5
Factor
Basic Contribution
Amount
(Cols. 4 x 5)
Factor
Reserve Objective
Maximum Reserve
10
Amount
(Cols. 4 x 7)
Factor
Amount
(Cols. 4 x 9)
LONG-TERM BONDS
1
Exempt obligations................................................................................................. .............1,179,291,108 ............XXX........... ............XXX........... .............1,179,291,108 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0
Highest quality........................................................................................................ ...........18,772,377,736 ............XXX........... ............XXX........... ...........18,772,377,736 .................0.0004 ....................7,508,951 .................0.0023 ..................43,176,469 .................0.0030 ..................56,317,133
High quality............................................................................................................. ...........12,317,897,223 ............XXX........... ............XXX........... ...........12,317,897,223 .................0.0019 ..................23,404,005 .................0.0058 ..................71,443,804 .................0.0090 ................110,861,075
Medium quality....................................................................................................... .............1,274,732,155 ............XXX........... ............XXX........... .............1,274,732,155 .................0.0093 ..................11,855,009 .................0.0230 ..................29,318,840 .................0.0340 ..................43,340,893
Low quality............................................................................................................. ................887,905,095 ............XXX........... ............XXX........... ................887,905,095 .................0.0213 ..................18,912,379 .................0.0530 ..................47,058,970 .................0.0750 ..................66,592,882
Lower quality.......................................................................................................... ................150,130,809 ............XXX........... ............XXX........... ................150,130,809 .................0.0432 ....................6,485,651 .................0.1100 ..................16,514,389 .................0.1700 ..................25,522,237
In or near default.................................................................................................... ..................18,279,554 ............XXX........... ............XXX........... ..................18,279,554 .................0.0000 ..................................0 .................0.2000 ....................3,655,911 .................0.2000 ....................3,655,911
Total unrated multi-class securities acquired by conversion.................................. ..................................... ............XXX........... ............XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... .....................................
27
10
Highest quality........................................................................................................ ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0004 ..................................0 .................0.0023 ..................................0 .................0.0030 ..................................0
11
High quality............................................................................................................. ..................38,932,485 ............XXX........... ............XXX........... ..................38,932,485 .................0.0019 .........................73,972 .................0.0058 .......................225,808 .................0.0090 .......................350,392
12
Medium quality....................................................................................................... ..................21,245,264 ............XXX........... ............XXX........... ..................21,245,264 .................0.0093 .......................197,581 .................0.0230 .......................488,641 .................0.0340 .......................722,339
13
Low quality............................................................................................................. ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0213 ..................................0 .................0.0530 ..................................0 .................0.0750 ..................................0
14
Lower quality.......................................................................................................... ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0432 ..................................0 .................0.1100 ..................................0 .................0.1700 ..................................0
15
In or near default.................................................................................................... ...........................5,632 ............XXX........... ............XXX........... ...........................5,632 .................0.0000 ..................................0 .................0.2000 ...........................1,126 .................0.2000 ...........................1,126
16
Affiliated life with AVR............................................................................................ ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0
17
Total preferred stocks (sum of Lines 10 through 16) (Page 3, Line 2.1,
Column 3 plus Schedule DL, Part 1, Column 6, Line 7099999)............................. ..................60,183,381 ............XXX........... ............XXX........... ..................60,183,381 ...........XXX........... .......................271,553 ...........XXX........... .......................715,576 ...........XXX........... ....................1,073,858
SHORT-TERM BONDS
18
Exempt obligations................................................................................................. ..................30,728,380 ............XXX........... ............XXX........... ..................30,728,380 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0
19
Highest quality........................................................................................................ ................629,757,035 ............XXX........... ............XXX........... ................629,757,035 .................0.0004 .......................251,903 .................0.0023 ....................1,448,441 .................0.0030 ....................1,889,271
20
High quality............................................................................................................. ....................5,870,442 ............XXX........... ............XXX........... ....................5,870,442 .................0.0019 .........................11,154 .................0.0058 .........................34,049 .................0.0090 .........................52,834
21
Medium quality....................................................................................................... .......................573,206 ............XXX........... ............XXX........... .......................573,206 .................0.0093 ...........................5,331 .................0.0230 .........................13,184 .................0.0340 .........................19,489
22
Low quality............................................................................................................. ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0213 ..................................0 .................0.0530 ..................................0 .................0.0750 ..................................0
23
Lower quality.......................................................................................................... ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0432 ..................................0 .................0.1100 ..................................0 .................0.1700 ..................................0
24
In or near default.................................................................................................... ..................................... ............XXX........... ............XXX........... ..................................0 .................0.0000 ..................................0 .................0.2000 ..................................0 .................0.2000 ..................................0
25
Total short-term bonds (sum of Lines 18 thru 24).................................................. ................666,929,062 ............XXX........... ............XXX........... ................666,929,062 ...........XXX........... .......................268,387 ...........XXX........... ....................1,495,673 ...........XXX........... ....................1,961,594
NAIC
Designation
1
2
3
4
5
6
3
Add
Third Party
Encumbrances
4
Balance for
AVR Reserve
Calculations
(Cols. 1 + 2 + 3)
Description
Book/Adjusted
Carrying
Value
Reclassify
Related Party
Encumbrances
DERIVATIVE INSTRUMENTS
Exchange-traded....................................................................................................
Highest quality........................................................................................................
High quality.............................................................................................................
Medium quality.......................................................................................................
Low quality.............................................................................................................
Lower quality..........................................................................................................
In or near default....................................................................................................
Total derivative instruments...................................................................................
TOTAL (Lines 9 + 17 + 25 + 33)............................................................................
.........................23,970
....................2,969,006
....................3,304,358
.....................................
.....................................
.....................................
.....................................
....................6,297,334
...........35,334,023,456
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
............XXX...........
.........................23,970
....................2,969,006
....................3,304,358
..................................0
..................................0
..................................0
..................................0
....................6,297,334
...........35,334,023,456
Basic Contribution
Factor
Amount
(Cols. 4 x 5)
.................0.0004
.................0.0004
.................0.0019
.................0.0093
.................0.0213
.................0.0432
.................0.0000
...........XXX...........
...........XXX...........
28
MORTGAGE LOANS
In good standing:
35
Farm mortgages................................................................................................. ..................................... .............................. ............XXX........... ..................................0 (a)............0.0195
36
Residential mortgages-insured or guaranteed................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0003
37
Residential mortgages-all other.......................................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0013
38
Commercial mortgages-insured or guaranteed.................................................. ..................................... .............................. ............XXX........... ..................................0 .................0.0003
39
Commercial mortgages-all other........................................................................ .............7,358,816,915 .............................. ............XXX........... .............7,358,816,915 (a)............0.0195
40
In good standing with restructured terms............................................................... ................140,994,796 .............................. ............XXX........... ................140,994,796 (b)............0.2800
Overdue, not in process:
41
Farm mortgages................................................................................................. ..................................... .............................. ............XXX........... ..................................0 .................0.0420
42
Residential mortgages-insured or guaranteed................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0005
43
Residential mortgages-all other.......................................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0025
44
Commercial mortgages-insured or guaranteed.................................................. ..................................... .............................. ............XXX........... ..................................0 .................0.0005
45
Commercial mortgages-all other........................................................................ ..................26,589,789 .............................. ............XXX........... ..................26,589,789 .................0.0420
In process of foreclosure:
46
Farm mortgages................................................................................................. ..................................... .............................. ............XXX........... ..................................0 .................0.0000
47
Residential mortgages-insured or guaranteed................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0000
48
Residential mortgages-all other.......................................................................... ..................................... .............................. ............XXX........... ..................................0 .................0.0000
49
Commercial mortgages-insured or guaranteed.................................................. ..................................... .............................. ............XXX........... ..................................0 .................0.0000
50
Commercial mortgages-all other........................................................................ ..................13,457,608 .............................. ............XXX........... ..................13,457,608 .................0.0000
Total Schedule B mortgages (sum of Lines 35 through 50) (Page 2, Line 3,
51
Column 3 plus Schedule DL, Part 1, Column 6, Line 8799999)............................. .............7,539,859,109 ...........................0 ...........XXX............ .............7,539,859,109 ...........XXX...........
52
Schedule DA mortgages........................................................................................ ..................................... .............................. ............XXX........... ..................................0 (c).........................
53
Total mortgage loans on real estate (Lines 51 + 52).............................................. .............7,539,859,109 ...........................0 ............XXX........... .............7,539,859,109 ...........XXX...........
(a) Times the company's experience adjustment factor (EAF).
(b) Column 9 is the greater of 6.4% without any EAF adjustments or a company's EAF adjusted In Good Standing (IGS) factor plus 150 basis points. Columns 5 and 7 are 28% and 62% respectively of Column 9.
(c) Determined using the same factors and breakdowns used for directly owned mortgage loans.
Reserve Objective
Maximum Reserve
10
Factor
Amount
(Cols. 4 x 7)
Factor
Amount
(Cols. 4 x 9)
................................10
...........................1,188
...........................6,278
..................................0
..................................0
..................................0
..................................0
...........................7,475
..................68,713,410
.................0.0023
.................0.0023
.................0.0058
.................0.0230
.................0.0530
.................0.1100
.................0.2000
...........XXX...........
...........XXX...........
................................55
...........................6,829
.........................19,165
..................................0
..................................0
..................................0
..................................0
.........................26,049
................213,405,681
.................0.0030
.................0.0030
.................0.0090
.................0.0340
.................0.0750
.................0.1700
.................0.2000
...........XXX...........
...........XXX...........
................................72
...........................8,907
.........................29,739
..................................0
..................................0
..................................0
..................................0
.........................38,718
................309,364,302
..................................0
..................................0
..................................0
..................................0
................143,717,694
..................39,478,543
(a)............0.0372
.................0.0006
.................0.0030
.................0.0006
(a)............0.0372
(b)............0.6200
..................................0
..................................0
..................................0
..................................0
................273,747,989
..................87,416,773
(a)............0.0589
.................0.0010
.................0.0040
.................0.0010
(a)............0.0589
(b)............1.0000
..................................0
..................................0
..................................0
..................................0
................433,434,316
................140,994,796
..................................0
..................................0
..................................0
..................................0
....................1,116,771
.................0.0760
.................0.0012
.................0.0058
.................0.0012
.................0.0760
..................................0
..................................0
..................................0
..................................0
....................2,020,824
.................0.1200
.................0.0020
.................0.0090
.................0.0020
.................0.1200
..................................0
..................................0
..................................0
..................................0
....................3,190,775
..................................0
..................................0
..................................0
..................................0
..................................0
.................0.1700
.................0.0040
.................0.0130
.................0.0040
.................0.1700
..................................0
..................................0
..................................0
..................................0
....................2,287,793
.................0.1700
.................0.0040
.................0.0130
.................0.0040
.................0.1700
..................................0
..................................0
..................................0
..................................0
....................2,287,793
Line
Number
NAIC
Designation
Description
COMMON STOCK
Unaffiliated public.........................................................................................................
Unaffiliated private.......................................................................................................
Federal Home Loan Bank............................................................................................
Affiliated life with AVR..................................................................................................
Affiliated Investment Subsidiary:
Fixed income exempt obligations............................................................................
Fixed income highest quality...................................................................................
Fixed income high quality........................................................................................
Fixed income medium quality..................................................................................
Fixed income low quality..........................................................................................
Fixed income lower quality.......................................................................................
Fixed income in or near default...............................................................................
Unaffiliated common stock public............................................................................
Unaffiliated common stock private...........................................................................
Mortgage loans........................................................................................................
Real estate...............................................................................................................
Affiliated - certain other (see SVO Purposes and Procedures manual).....................
Affiliated - all other.......................................................................................................
Total common stock (sum of Lines 1 through 17)
(Page 2, Line 2.2, Column 3 plus Schedule DL, Column 6, Line 7599999)...............
1
2
3
4
29
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
REAL ESTATE
Home office property (General Account only).............................................................
Investment properties...................................................................................................
Properties acquired in satisfaction of debt...................................................................
Total real estate (sum of Lines 19 through 21)...........................................................
23
24
25
26
27
28
29
30
3
Add
Third Party
Encumbrances
4
Balance for
AVR Reserve
Calculations
(Cols. 1 + 2 + 3)
Book/Adjusted
Carrying
Value
Reclassify
Related Party
Encumbrances
...............741,085,803
...............................15
.....................................
...............169,457,288
.............XXX............
.............XXX............
.............XXX............
.............XXX............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
...............137,881,388
.................68,044,106
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.............XXX............
.............XXX............
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
...........XXX..............
...........XXX..............
Basic Contribution
Factor
Amount
(Cols. 4 x 5)
...............741,085,803
...............................15
.................................0
...............169,457,288
..................0.0000
..................0.0000
..................0.0000
..................0.0000
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
...............137,881,388
.................68,044,106
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
..................0.0000
..................0.0000
(c)..........................
(e)..........................
..................0.0000
..................0.0000
Reserve Objective
Maximum Reserve
10
Factor
Amount
(Cols. 4 x 7)
Factor
Amount
(Cols. 4 x 9)
...............................0
...............................0
...............................0
...............................0
(d).............0.1625
..................0.1600
..................0.0050
..................0.0000
...............120,426,443
.................................2
.................................0
.................................0
(d).............0.1625
..................0.1600
..................0.0080
..................0.0000
...............120,426,443
.................................2
.................................0
.................................0
...................................
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
(d)..........................
..................0.1600
(c)..........................
(e)..........................
..................0.1300
..................0.1600
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................................0
.................................0
.................................0
.................................0
.................17,924,580
.................10,887,057
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
...........XXX............
(d)..........................
..................0.1600
(c)..........................
(e)..........................
..................0.1300
..................0.1600
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................................0
.................................0
.................................0
.................................0
.................17,924,580
.................10,887,057
............1,116,468,600 .............................0 .............................0 ............1,116,468,600 ...........XXX............ ...............................0 ...........XXX............ ...............149,238,083 ...........XXX............ ...............149,238,083
.................60,307,490
.....................................
.................37,164,330
.................97,471,820
.................................
.................................
.................................
.............................0
.................................
.................................
.................................
.............................0
.................60,307,490
.................................0
.................37,164,330
.................97,471,820
..................0.0000
..................0.0000
..................0.0000
...........XXX............
...............................0
...............................0
...............................0
...............................0
..................0.0750
..................0.0750
..................0.1100
...........XXX............
...................4,523,062
.................................0
...................4,088,076
...................8,611,138
..................0.0750
..................0.0750
..................0.1100
...........XXX............
...................4,523,062
.................................0
...................4,088,076
...................8,611,138
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................................0
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.0000
..................0.0004
..................0.0019
..................0.0093
..................0.0213
..................0.0432
..................0.0000
...........XXX............
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
..................0.0000
..................0.0023
..................0.0058
..................0.0230
..................0.0530
..................0.1100
..................0.2000
...........XXX............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.0000
..................0.0030
..................0.0090
..................0.0340
..................0.0750
..................0.1700
..................0.2000
...........XXX............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
1
2
3
4
5
6
Line
Number
NAIC
Designation
Description
3
Add
Third Party
Encumbrances
4
Balance for
AVR Reserve
Calculations
(Cols. 1 + 2 + 3)
Book/Adjusted
Carrying
Value
Reclassify
Related Party
Encumbrances
.................42,518,740
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................42,518,740
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
.............XXX............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................................
.................................
.............XXX............
.................................
.................................
.................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.................................0
Basic Contribution
Factor
Amount
(Cols. 4 x 5)
.................42,518,740
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................42,518,740
..................0.0004
..................0.0019
..................0.0093
..................0.0213
..................0.0432
..................0.0000
..................0.0000
...........XXX............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................
.................................
.................................
.................................
.................................
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
.................................
.................................
.................................
.................................
.................................
.............................0
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
...........XXX..............
Reserve Objective
Maximum Reserve
10
Factor
Amount
(Cols. 4 x 7)
Factor
Amount
(Cols. 4 x 9)
......................17,007
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
......................17,007
..................0.0023
..................0.0058
..................0.0230
..................0.0530
..................0.1100
..................0.2000
..................0.0000
...........XXX............
........................97,793
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
........................97,793
..................0.0030
..................0.0090
..................0.0340
..................0.0750
..................0.1700
..................0.2000
..................0.0000
...........XXX............
......................127,556
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
......................127,556
(a)..........................
..................0.0003
..................0.0013
..................0.0003
(a)..........................
(b)..........................
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
(a)..........................
..................0.0006
..................0.0030
..................0.0006
(a)..........................
(b)..........................
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
(a)..........................
..................0.0010
..................0.0040
..................0.0010
(a)..........................
(b)..........................
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.0420
..................0.0005
..................0.0025
..................0.0005
..................0.0420
...............................0
...............................0
...............................0
...............................0
...............................0
..................0.0760
..................0.0012
..................0.0058
..................0.0012
..................0.0760
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.1200
..................0.0020
..................0.0090
..................0.0020
..................0.1200
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.0000
..................0.0000
..................0.0000
..................0.0000
..................0.0000
...........XXX............
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
..................0.1700
..................0.0040
..................0.0130
..................0.0040
..................0.1700
...........XXX............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
..................0.1700
..................0.0040
..................0.0130
..................0.0040
..................0.1700
...........XXX............
.................................0
.................................0
.................................0
.................................0
.................................0
.................................0
1
2
3
4
5
6
30
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
Line
Number
NAIC
Designation
Description
Book/Adjusted
Carrying
Value
Reclassify
Related Party
Encumbrances
Add
Third Party
Encumbrances
4
Balance for
AVR Reserve
Calculations
(Cols. 1 + 2 + 3)
Basic Contribution
Factor
Reserve Objective
Amount
(Cols. 4 x 5)
Factor
Maximum Reserve
10
Amount
(Cols. 4 x 7)
Factor
Amount
(Cols. 4 x 9)
Unaffiliated public......................................................................................................... ..................................... .............XXX............ ...........XXX.............. .................................0 ..................0.0000 ...............................0 (d).............0.1625 .................................0 (d).............0.1625 .................................0
57
Unaffiliated private....................................................................................................... ...............389,060,468 .............XXX............ ...........XXX.............. ...............389,060,468 ..................0.0000 ...............................0 ..................0.1600 .................62,249,675 ..................0.1600 .................62,249,675
58
Affiliated life with AVR.................................................................................................. ..................................... .............XXX............ ...........XXX.............. .................................0 ..................0.0000 ...............................0 ..................0.0000 .................................0 ..................0.0000 .................................0
59
Affiliated certain other (see SVO Purposes and Procedures manual)........................ ..................................... .............XXX............ ...........XXX.............. .................................0 ..................0.0000 ...............................0 ..................0.1300 .................................0 ..................0.1300 .................................0
60
Affiliated other - all other.............................................................................................. ............1,543,654,054 .............XXX............ ...........XXX.............. ............1,543,654,054 ..................0.0000 ...............................0 ..................0.1600 ...............246,984,649 ..................0.1600 ...............246,984,649
61
Total with common stock characteristics (sum of Lines 56 through 60)..................... ............1,932,714,522 .............XXX............ ...........XXX.............. ............1,932,714,522 ...........XXX............ ...............................0 ...........XXX............ ...............309,234,324 ...........XXX............ ...............309,234,324
INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF REAL ESTATE
31
62
Home office property (general account only).............................................................. ..................................... ................................. ................................. .................................0 ..................0.0000 ...............................0 ..................0.0750 .................................0 ..................0.0750 .................................0
63
Investment properties................................................................................................... .................31,139,603 ................................. ................................. .................31,139,603 ..................0.0000 ...............................0 ..................0.0750 ...................2,335,470 ..................0.0750 ...................2,335,470
64
Properties acquired in satisfaction of debt................................................................... ..................................... ................................. ................................. .................................0 ..................0.0000 ...............................0 ..................0.1100 .................................0 ..................0.1100 .................................0
65
Total with real estate characteristics (Lines 62 through 64)........................................ .................31,139,603 .............................0 .............................0 .................31,139,603 ...........XXX............ ...............................0 ...........XXX............ ...................2,335,470 ...........XXX............ ...................2,335,470
LOW INCOME HOUSING TAX CREDIT INVESTMENTS
66
Guaranteed federal low income housing tax credit..................................................... ..................................... ................................. ................................. .................................0 ..................0.0003 ...............................0 ..................0.0006 .................................0 ..................0.0010 .................................0
67
Non-guaranteed federal low income housing tax credit.............................................. ..................................... ................................. ................................. .................................0 ..................0.0063 ...............................0 ..................0.0120 .................................0 ..................0.0190 .................................0
68
State low income housing tax credit............................................................................ ..................................... ................................. ................................. .................................0 ..................0.0273 ...............................0 ..................0.0600 .................................0 ..................0.0975 .................................0
69
All other low income housing tax credit....................................................................... ..................................... ................................. ................................. .................................0 ..................0.0273 ...............................0 ..................0.0600 .................................0 ..................0.0975 .................................0
70
Total low income housing tax credit (Lines 66 through 69)........................................ .................................0 .............................0 .............................0 .................................0 ...........XXX............ ...............................0 ...........XXX............ .................................0 ...........XXX............ .................................0
ALL OTHER INVESTMENTS
71
(a)
(b)
(c)
(d)
(e)
Other invested assets - Schedule BA.......................................................................... ...............116,848,222 .............XXX............ ................................. ...............116,848,222 ..................0.0000 ...............................0 ..................0.1300 .................15,190,269 ..................0.1300 .................15,190,269
72
Other short-term invested assets - Schedule DA........................................................ ..................................... .............XXX............ ................................. .................................0 ..................0.0000 ...............................0 ..................0.1300 .................................0 ..................0.1300 .................................0
73
Total all other (sum of Lines 71 + 72).......................................................................... ...............116,848,222 .............XXX............ .............................0 ...............116,848,222 ...........XXX............ ...............................0 ...........XXX............ .................15,190,269 ...........XXX............ .................15,190,269
74
RSAT
Number
Type
CUSIP
Description
of Asset(s)
5
NAIC Designation
or Other Description
of Asset
32
NONE
Value of
Asset
7
AVR
Basic
Contribution
8
AVR
Reserve
Objective
9
AVR
Maximum
Reserve
SCHEDULE F
1
Showing all claims for death losses and all other contract claims resisted or compromised during the year, and
all claims for death losses and all other contract claims resisted December 31 of current year
2
Amount Paid
During the
Year
7
Amount
Resisted Dec.
31 of Current
Year
Amount
Claimed
...................15,000
...................20,000
...................25,000
...................25,304
...................10,000
.................200,000
.................174,872
.................100,000
...................37,387
...................44,041
...................10,000
...................27,069
..............1,500,000
..............2,188,673
Why Compromised or
Resisted
.....................3,603
.....................3,210
........................252
...................16,553
.....................5,514
.....................4,290
.................105,622
.....................1,517
...................19,476
...................30,000
.....................1,925
...................20,000
...................25,294
.................237,256
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Suicide.....................................................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Material Misrepresentation.....................................................
Suicide.....................................................................................
.....................................XXX....................................................
2699999. Total - Claims Disposed of During Current Year.................... ..............2,188,673 .................237,256 ............................0 .....................................XXX....................................................
5399999. Totals....................................................................................... ..............2,188,673 .................237,256 ............................0 .....................................XXX....................................................
33
Total
2
%
Collectively
Renewable
3
Amount
4
%
Non-Cancelable
5
6
Amount
%
Guaranteed
Renewable
7
Amount
8
%
Other
Accident Only
11
12
Amount
%
13
Amount
All
Other
14
%
34
1.
Premiums written................................................................................. ...........318,138,245 .......XXX...... ................................. .......XXX...... .............23,824,486 .......XXX...... ...........292,294,191 .......XXX...... ...............2,019,568 .......XXX...... ................................. .......XXX...... ................................. .......XXX......
2.
Premiums earned................................................................................ ...........331,343,533 .......XXX...... ................................. .......XXX...... .............23,819,947 .......XXX...... ...........305,478,194 .......XXX...... ...............2,045,392 .......XXX...... ................................. .......XXX...... ................................. .......XXX......
3.
Incurred claims.................................................................................... ...........300,935,525 ............90.8 ................................. ..............0.0 .............10,387,357 ............43.6 ...........287,875,885 ............94.2 ...............2,672,283 ..........130.6 ................................. ..............0.0 ................................. ..............0.0
4.
Cost containment expenses................................................................ ...............2,546,179 ..............0.8 ................................. ..............0.0 ..................390,991 ..............1.6 ...............2,153,619 ..............0.7 ......................1,569 ..............0.1 ................................. ..............0.0 ................................. ..............0.0
5.
Incurred claims and cost containment expenses (Lines 3 and 4)...... ...........303,481,704 ............91.6 .............................0 ..............0.0 .............10,778,348 ............45.2 ...........290,029,504 ............94.9 ...............2,673,852 ..........130.7 .............................0 ..............0.0 .............................0 ..............0.0
6.
Increase in contract reserves.............................................................. ...........247,506,811 ............74.7 ................................. ..............0.0 ..............(2,671,994) ...........(11.2) ...........250,354,263 ............82.0 .................(175,458) .............(8.6) ................................. ..............0.0 ................................. ..............0.0
7.
Commissions (a).................................................................................. .............14,511,775 ..............4.4 ................................. ..............0.0 ...............1,165,329 ..............4.9 .............13,341,771 ..............4.4 ......................4,675 ..............0.2 ................................. ..............0.0 ................................. ..............0.0
8.
Other general insurance expenses..................................................... .............19,811,102 ..............6.0 ................................. ..............0.0 ...............2,966,839 ............12.5 .............15,675,787 ..............5.1 ...............1,168,476 ............57.1 ................................. ..............0.0 ................................. ..............0.0
9.
Taxes, licenses and fees..................................................................... ...............1,246,294 ..............0.4 ................................. ..............0.0 ....................10,850 ..............0.0 ...............1,209,548 ..............0.4 ....................25,896 ..............1.3 ................................. ..............0.0 ................................. ..............0.0
10.
Total other expenses incurred............................................................ .............35,569,171 ............10.7 .............................0 ..............0.0 ...............4,143,018 ............17.4 .............30,227,106 ..............9.9 ...............1,199,047 ............58.6 .............................0 ..............0.0 .............................0 ..............0.0
11.
Aggregate write-ins for deductions..................................................... .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0
12.
Gain from underwriting before dividends or refunds.......................... ..........(255,214,153) ...........(77.0) .............................0 ..............0.0 .............11,570,575 ............48.6 ..........(265,132,679) ...........(86.8) ..............(1,652,049) ...........(80.8) .............................0 ..............0.0 .............................0 ..............0.0
13.
Dividends or refunds........................................................................... ...............6,970,473 ..............2.1 ................................. ..............0.0 ...............4,315,152 ............18.1 ...............2,633,329 ..............0.9 ....................21,992 ..............1.1 ................................. ..............0.0 ................................. ..............0.0
14.
Gain from underwriting after dividends or refunds............................. ..........(262,184,626) ...........(79.1) .............................0 ..............0.0 ...............7,255,423 ............30.5 ..........(267,766,008) ...........(87.7) ..............(1,674,041) ...........(81.8) .............................0 ..............0.0 .............................0 ..............0.0
DETAILS OF WRITE-INS
1101. ............................................................................................................. .............................0 ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0
1102. ............................................................................................................. .............................0 ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0
1103. ............................................................................................................. .............................0 ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0 ................................. ..............0.0
1198. Summary of remaining write-ins for Line 11 from overflow page....... .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0
1199. Total (Lines 1101 thru 1103 plus 1198) (Line 11 above)................... .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0 .............................0 ..............0.0
(a) Includes $...0 reported as "Contract, membership and other fees retained by agents."
Total
Collectively
Renewable
3
Non-Cancelable
4
Guaranteed
Renewable
6
Other Accident
Only
All Other
...............................57,510,464
.................................9,724,436
...............................................0
...............................67,234,900
...............................80,440,189
.............................(13,205,289)
..................................................
..................................................
..................................................
...............................................0
..................................................
...............................................0
.................................2,523,379
....................................523,431
..................................................
.................................3,046,810
.................................3,042,271
........................................4,539
...............................54,778,166
.................................9,174,144
..................................................
...............................63,952,310
...............................77,136,314
.............................(13,184,004)
....................................208,919
......................................26,861
..................................................
....................................235,780
....................................261,604
.....................................(25,824)
..................................................
..................................................
..................................................
...............................................0
..................................................
...............................................0
..................................................
..................................................
..................................................
...............................................0
..................................................
...............................................0
.........................3,413,046,068
...............................................0
.........................3,413,046,068
.........................3,165,539,256
.............................247,506,812
..................................................
..................................................
...............................................0
..................................................
...............................................0
...............................65,622,003
..................................................
...............................65,622,003
...............................68,293,996
...............................(2,671,993)
.........................3,346,857,439
..................................................
.........................3,346,857,439
.........................3,096,503,176
.............................250,354,263
....................................566,626
..................................................
....................................566,626
....................................742,084
...................................(175,458)
..................................................
..................................................
...............................................0
..................................................
...............................................0
..................................................
..................................................
...............................................0
..................................................
...............................................0
35
PART 4 - REINSURANCE
A. Reinsurance Assumed:
1. Premiums written...................................................................................................................
2. Premiums earned..................................................................................................................
3. Incurred claims......................................................................................................................
4. Commissions.........................................................................................................................
B. Reinsurance Ceded:
1. Premiums written...................................................................................................................
2. Premiums earned..................................................................................................................
3. Incurred claims......................................................................................................................
4. Commissions.........................................................................................................................
(a) Includes $..........0 premium deficiency reserve.
...............................................0
...............................................0
...............................................0
...............................................0
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
....................................502,837
....................................614,456
...............................(1,650,336)
...............................................0
..................................................
..................................................
..................................................
..................................................
....................................502,837
....................................592,327
...............................(1,564,920)
..................................................
..................................................
......................................22,129
.....................................(85,416)
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
..................................................
A.
B.
C.
D.
E.
2
Dental
3
Other
4
Total
Direct:
1.
2.
3.
4.
Assumed Reinsurance:
5.
6.
7.
8.
Ceded Reinsurance:
9.
10.
11.
12.
Net:
13.
14.
15.
16.
Incurred claims and cost containment expenses......................... ...........................6,248,693 ............................................. .......................297,233,011 .......................303,481,704
18.
19.
20.
Paid claims and cost containment expenses............................... ...........................7,337,632 .........................................0 .......................247,343,511 .......................254,681,143
36
NAIC
Company
Code
Federal
ID
Number
Effective
Date
Name of Reinsured
Domiciliary
Jurisdiction
Type of
Reinsurance
Assumed
Amount of
In Force at
End of Year
37
NONE
Reserve
Premiums
10
Reinsurance
Payable on
Paid and Unpaid
Losses
11
Modified
Coinsurance
Reserve
12
Funds
Withheld
Under
Coinsurance
NAIC
Company
Code
Federal
ID
Number
Effective
Date
Reinsurance Assumed Accident and Health Insurance Listed by Reinsured Company as of December 31, Current Year
4
Name of Reinsured
Domiciliary
Jurisdiction
Type of
Reinsurance
Assumed
38
NONE
Premiums
Unearned
Premiums
9
Reserve
Liability Other Than
for Unearned
Premiums
10
Reinsurance
Payable on
Paid and Unpaid
Losses
11
Modified
Coinsurance
Reserve
12
Funds
Withheld
Under
Coinsurance
SCHEDULE S - PART 2
Reinsurance Recoverable on Paid and Unpaid Losses Listed by Reinsuring Company as of December 31, Current Year
1
NAIC
Company
Code
2
Federal
ID
Number
Effective
Date
Name of Company
Domiciliary
Jurisdiction
Paid Losses
Unpaid Losses
.......................29,869
.....................301,919
...................................
..................1,510,040
.......................95,219
..................1,529,197
..................3,466,244
..................3,466,244
..................3,466,244
.....................291,034
..................1,325,000
...................................
..................1,253,613
.....................135,000
..................2,409,750
..................5,414,397
..................5,414,397
..................5,414,397
...................................
...................................
...................................
................................0
................................0
................................0
..................3,466,244
..................3,466,244
.........................5,450
............................610
............................149
.........................6,209
.........................6,209
.........................6,209
..................5,420,606
..................5,420,606
39
NAIC
Company
Code
Federal
ID
Number
Effective
Date
40
Name of Company
Domiciliary
Jurisdiction
Type of
Reinsurance
Ceded
Amount
In Force at
End of Year
Current
Year
Prior
Year
.........179,343,244
.........163,234,166
.........327,083,924
......2,336,054,995
............11,670,000
.........543,319,434
......2,841,489,480
..............8,789,680
.........251,848,295
......2,804,741,724
.........486,758,223
....28,832,743,532
....38,787,076,697
....38,787,076,697
....38,787,076,697
....38,787,076,697
....38,787,076,697
....38,787,076,697
............54,816,385
.................480,669
.................369,497
............24,756,926
...................49,316
.................542,725
............33,994,696
.....................7,741
.................258,787
............20,185,051
...................28,405
.........234,930,881
.........370,421,079
.........370,421,079
.........370,421,079
.........370,421,079
.........370,421,079
.........370,421,079
............54,698,897
.................497,625
.................437,531
............25,998,612
...................44,495
.................539,804
............31,090,628
...................10,634
.................711,059
............15,088,780
...................19,371
.........189,505,028
.........318,642,464
.........318,642,464
.........318,642,464
.........318,642,464
.........318,642,464
.........318,642,464
10
13
Premiums
Current
Year
Prior
Year
Modified
Coinsurance
Reserve
14
Funds
Withheld
Under
Coinsurance
..............3,183,390
..............2,238,988
..............2,107,013
..............3,380,907
.................120,218
..............3,099,153
..............5,135,846
...................41,668
..............1,005,834
..............5,646,364
.................185,854
............51,064,453
............77,209,688
............77,209,688
............77,209,688
............77,209,688
............77,209,688
............77,209,688
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
............................0
............................0
............................0
............................0
............................0
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
............................0
............................0
............................0
............................0
............................0
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
............................0
............................0
............................0
............................0
............................0
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
............................0
............................0
............................0
............................0
............................0
............................0
NAIC
Company
Code
Federal
ID
Number
Effective
Date
Name of Company
Domiciliary
Jurisdiction
Premiums
Unearned
Premiums
(estimated)
9
Reserve Credit
Taken Other Than
for Unearned
Premiums
Current
Year
Prior
Year
Modified
Coinsurance
Reserve
13
Funds
Withheld
Under
Coinsurance
TN................... YRT/I..........
CT................... YRT/I..........
GA.................. YRT/I..........
.............................................
...............................
................199,505
................303,332
................502,837
...............................
..................10,364
..................17,772
..................28,136
................285,900
................127,358
................659,336
.............1,072,594
...............................
...............................
...............................
...........................0
...............................
...............................
...............................
...........................0
...............................
...............................
...............................
...........................0
...............................
...............................
...............................
...........................0
................502,837
................502,837
................502,837
................502,837
................502,837
..................28,136
..................28,136
..................28,136
..................28,136
..................28,136
.............1,072,594
.............1,072,594
.............1,072,594
.............1,072,594
.............1,072,594
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
...........................0
Type
12
41
SCHEDULE S - PART 4
Reinsurance Ceded To Unauthorized Companies
1
NAIC
Company
Code
Federal
ID
Number
Effective
Date
Name of Reinsurer
Reserve
Credit
Taken
Paid and
Unpaid Losses
Recoverable
(Debit)
Other
Debits
Total
(Cols.
5 + 6 + 7)
Letters of
Credit
42
NONE
13
14
Trust
Agreements
Funds Deposited
by and Withheld
from
Reinsurers
15
Other
16
17
Sum of Cols.
Miscellaneous 9 + 13 + 14 + 15
Balances
+ 16 But Not in
(Credit)
Excess of Col. 8
SCHEDULE S - PART 5
Five-Year Exhibit of Reinsurance Ceded Business
(000 OMITTED)
1
2011
A.
2
2010
3
2009
4
2008
5
2007
OPERATIONS ITEMS
1.
2.
Commissions and reinsurance expense allowances.............................................. ....................19,793 ....................17,936 ....................16,617 ....................15,378 ....................14,216
3.
4.
Surrender benefits and withdrawals for life contracts............................................. ................................ ................................ ................................ ................................ ................................
5.
6.
7.
Increase in aggregate reserves for life and accident and health contracts............. ....................50,180 ....................46,263 ....................46,628 ....................42,378 ....................36,572
B.
9.
Aggregate reserves for life and accident and health contracts............................... ..................371,522 ..................321,342 ..................275,079 ..................228,451 ..................186,073
10.
11.
12.
13.
Experience rating refunds due or unpaid............................................................... ................................ ................................ ................................ ................................ ................................
14.
Refunds to members (not included in Line 10)...................................................... ................................ ................................ ................................ ................................ ................................
15.
Commissions and reinsurance expense allowances unpaid.................................. ................................ ................................ ................................ ................................ ................................
16.
C.
UNAUTHORIZED REINSURANCE
(DEPOSITS BY AND FUNDS WITHHELD FROM)
17.
Funds deposited by and withheld from (F)............................................................ ................................ ................................ ................................ ................................ ................................
18.
19.
20.
43
SCHEDULE S - PART 6
Restatement of Balance Sheet to Identify Net Credit for Ceded Reinsurance
1
As Reported
(Net of Ceded)
2
Restatement
Adjustments
3
Restated
(Gross of Ceded)
2.
3.
4.
5.
6.
Total assets excluding separate accounts (Line 26)........................................................... .........................48,857,843,811 ..............................376,942,416 .........................49,234,786,227
7.
8.
9.
10. Liability for deposit-type contracts (Line 3).......................................................................... ...........................2,854,418,593 .................................................... ...........................2,854,418,593
11. Claim reserves (Line 4)........................................................................................................ ..............................221,403,233 ..................................5,420,607 ..............................226,823,839
12. Member refunds/reserves (Lines 5 through 6).................................................................... ..............................291,228,037 .................................................... ..............................291,228,037
13. Premium & annuity considerations received in advance (Line 7)....................................... ................................14,934,768 .................................................... ................................14,934,768
14. Other contract liabilities (Line 8)........................................................................................... ..............................347,190,329 .................................................... ..............................347,190,329
15. Reinsurance in unauthorized companies (Line 21.2).......................................................... .................................................... .................................................... .................................................0
16. Funds held under reinsurance with unauthorized reinsurance (Line 21.3)........................ .................................................... .................................................... .................................................0
17. All other liabilities (balance)................................................................................................. ...........................3,715,140,098 .................................................... ...........................3,715,140,098
18. Total liabilities excluding Separate Accounts (Line 23)....................................................... .........................45,017,484,918 ..............................376,942,416 .........................45,394,427,333
19. Separate Account liabilities (Line 24).................................................................................. .........................13,235,833,846 .................................................... .........................13,235,833,846
20. Total liabilities (Line 25)........................................................................................................ .........................58,253,318,764 ..............................376,942,416 .........................58,630,261,180
21. Capital & surplus (Line 30)................................................................................................... ...........................4,003,470,784 .....................XXX........................ ...........................4,003,470,784
22. Total liabilities, capital & surplus (Line 31)........................................................................... .........................62,256,789,548 ..............................376,942,416 .........................62,633,731,963
NET CREDIT FOR CEDED REINSURANCE
23. Contract reserves................................................................................................................. ..............................371,521,809
24. Claim reserves...................................................................................................................... ..................................5,420,607
25. Member refunds/reserves.................................................................................................... .................................................0
26. Premium & annuity considerations received in advance..................................................... .................................................0
27. Liability for deposit-type contracts........................................................................................ .................................................0
28. Other contract liabilities........................................................................................................ .................................................0
29. Reinsurance ceded assets................................................................................................... ..................................3,475,358
30. Other ceded reinsurance recoverables................................................................................ .................................................0
31. Total ceded reinsurance recoverables................................................................................. ..............................380,417,774
32. Premiums and considerations.............................................................................................. ................................49,198,837
33. Reinsurance in unauthorized companies............................................................................ .................................................0
34. Funds held under reinsurance treaties with unauthorized reinsurers................................. .................................................0
35. Other ceded reinsurance payables/offsets.......................................................................... .................................................0
36. Total ceded reinsurance payables/offsets........................................................................... ................................49,198,837
37. Total net credit for ceded reinsurance................................................................................. ..............................331,218,937
44
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
90.
91.
92.
93.
States, Etc.
Alabama..........................................................................AL
Alaska.............................................................................AK
Arizona............................................................................AZ
Arkansas.........................................................................AR
California.........................................................................CA
Colorado.........................................................................CO
Connecticut.....................................................................CT
Delaware.........................................................................DE
District of Columbia........................................................DC
Florida..............................................................................FL
Georgia...........................................................................GA
Hawaii...............................................................................HI
Idaho................................................................................ID
Illinois................................................................................IL
Indiana.............................................................................IN
Iowa..................................................................................IA
Kansas............................................................................KS
Kentucky.........................................................................KY
Louisiana.........................................................................LA
Maine..............................................................................ME
Maryland........................................................................MD
Massachusetts...............................................................MA
Michigan..........................................................................MI
Minnesota.......................................................................MN
Mississippi......................................................................MS
Missouri..........................................................................MO
Montana..........................................................................MT
Nebraska........................................................................NE
Nevada...........................................................................NV
New Hampshire..............................................................NH
New Jersey......................................................................NJ
New Mexico....................................................................NM
New York........................................................................NY
North Carolina................................................................NC
North Dakota..................................................................ND
Ohio................................................................................OH
Oklahoma.......................................................................OK
Oregon...........................................................................OR
Pennsylvania..................................................................PA
Rhode Island....................................................................RI
South Carolina................................................................SC
South Dakota..................................................................SD
Tennessee......................................................................TN
Texas...............................................................................TX
Utah.................................................................................UT
Vermont...........................................................................VT
Virginia............................................................................VA
Washington....................................................................WA
West Virginia..................................................................WV
Wisconsin........................................................................WI
Wyoming........................................................................WY
American Samoa............................................................AS
Guam..............................................................................GU
Puerto Rico.....................................................................PR
US Virgin Islands..............................................................VI
Northern Mariana Islands..............................................MP
Canada...........................................................................CN
Aggregate Other Alien....................................................OT
Subtotal................................................................................
Reporting entity contributions for employee benefit plans..
Dividends or refunds applied to purchase paid-up
additions and annuities........................................................
Dividends or refunds applied to shorten endowment or
premium paying period........................................................
Premium or annuity considerations waived under
disability or other contract provisions..................................
Aggregate other amounts not allocable by State................
Totals (Direct Business)......................................................
Plus Reinsurance Assumed................................................
Totals (All Business)............................................................
Less Reinsurance Ceded....................................................
Totals (All Business) less reinsurance ceded.....................
Active
Status
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....L..........
....N.........
....N.........
....N.........
....N.........
....N.........
....N.........
....XXX.....
(a)......51
....XXX.....
Life Contracts
Life Insurance
Premiums
...........3,921,518
...........2,052,687
.........23,636,101
...........8,250,560
.........82,926,574
.........41,466,438
...........7,380,328
...........1,275,329
..............378,360
.........34,415,251
.........10,050,263
...........1,082,241
...........5,649,051
.........83,212,061
.........30,866,075
.........59,219,136
.........18,433,633
...........2,782,141
...........3,680,460
..............672,469
.........14,115,512
...........4,525,313
.........59,579,476
.......161,142,102
...........1,085,331
.........39,017,664
.........14,322,969
.........44,648,234
...........5,963,742
...........1,050,297
.........12,999,298
...........3,652,016
.........33,399,484
.........23,542,356
.........31,819,014
.........59,040,973
...........8,807,818
.........14,769,549
.........63,487,803
..............938,845
.........10,676,285
.........34,560,014
...........8,503,610
.........59,806,827
...........2,056,057
..............427,068
.........14,406,344
.........39,482,200
...........1,740,990
.......157,924,136
...........6,690,713
.....................319
..................2,066
..................4,472
..................7,048
............................
................68,136
..............869,852
....1,356,484,607
............................
Annuity
Considerations
...........8,797,593
...........5,049,341
.........54,430,195
.........19,504,000
.......233,464,087
.........81,532,222
.........12,128,507
...........4,035,347
..............288,501
.........87,933,681
.........19,392,048
...........1,960,653
.........19,415,896
.......172,851,177
.........59,980,849
.........99,919,569
.........30,116,878
...........5,191,936
...........7,381,964
...........1,078,650
.........27,925,147
...........9,563,521
.......147,122,499
.......385,991,914
...........1,576,262
.........84,487,000
.........28,400,503
.........71,714,229
...........9,353,071
...........3,762,201
.........32,061,923
...........9,247,689
.........44,898,621
.........43,516,954
.........51,601,582
.......110,367,583
.........18,607,489
.........37,456,840
.......140,292,438
...........2,010,433
.........21,869,293
.........42,896,051
.........23,593,896
.......143,642,083
...........4,343,853
..............462,623
.........26,741,121
.........97,458,695
...........3,351,059
.......358,385,421
...........8,069,515
............................
............................
................12,000
............................
............................
..................1,043
..............271,669
....2,915,509,314
............................
Direct Business
4
5
Accident and Health
Insurance Premiums,
Including Policy, MemOther
bership and Other Fees Considerations
.........................749,390 ........................
.........................379,827 ........................
.....................5,128,677 ........................
.....................1,313,545 ........................
...................16,467,793 ........................
.....................8,143,257 ........................
.....................1,589,948 ........................
.........................281,088 ........................
...........................72,519 ........................
.....................7,597,830 ........................
.....................2,090,722 ........................
.........................176,999 ........................
.....................1,355,834 ........................
...................23,096,381 ........................
.....................9,257,284 ........................
...................17,189,974 ........................
.....................6,264,591 ........................
.........................742,378 ........................
.........................594,378 ........................
...........................96,339 ........................
.....................2,624,671 ........................
.........................648,152 ........................
...................11,311,385 ........................
...................30,364,710 ........................
.........................252,999 ........................
...................11,164,714 ........................
.....................4,309,323 ........................
...................18,760,543 ........................
.....................1,004,674 ........................
.........................226,772 ........................
.....................3,306,399 ........................
.........................625,012 ........................
.....................1,533,530 ........................
.....................6,129,119 ........................
.....................8,216,719 ........................
...................13,978,411 ........................
.....................2,191,257 ........................
.....................3,143,787 ........................
...................15,146,147 ........................
.........................115,514 ........................
.....................3,252,010 ........................
.....................9,762,304 ........................
.....................2,035,919 ........................
...................16,713,226 ........................
.........................497,902 ........................
...........................71,253 ........................
.....................3,796,689 ........................
.....................8,441,675 ........................
.........................447,237 ........................
...................33,757,797 ........................
.....................2,154,582 ........................
....................................... ........................
....................................... ........................
.............................2,533 ........................
....................................... ........................
....................................... ........................
.............................2,985 ........................
...........................30,100 .....................0
.................318,608,805 .....................0
....................................... ........................
Total
Columns
2 through 5
.........13,468,501
...........7,481,854
.........83,194,973
.........29,068,105
.......332,858,454
.......131,141,917
.........21,098,783
...........5,591,764
..............739,381
.......129,946,762
.........31,533,033
...........3,219,893
.........26,420,781
.......279,159,620
.......100,104,209
.......176,328,679
.........54,815,101
...........8,716,454
.........11,656,802
...........1,847,458
.........44,665,329
.........14,736,987
.......218,013,359
.......577,498,725
...........2,914,593
.......134,669,378
.........47,032,795
.......135,123,006
.........16,321,487
...........5,039,270
.........48,367,621
.........13,524,717
.........79,831,636
.........73,188,430
.........91,637,315
.......183,386,966
.........29,606,564
.........55,370,176
.......218,926,388
...........3,064,791
.........35,797,587
.........87,218,368
.........34,133,425
.......220,162,135
...........6,897,812
..............960,945
.........44,944,154
.......145,382,571
...........5,539,286
.......550,067,354
.........16,914,810
.....................319
..................2,066
................19,005
..................7,048
.........................0
................72,165
...........1,171,621
....4,590,602,727
.........................0
Deposit-Type
Contracts
........................
............98,322
..........405,861
..........352,245
.......8,148,000
.......1,196,266
..........959,411
........................
........................
..........791,237
..........800,000
............30,000
........................
.......2,563,386
.......1,439,751
.......1,568,279
..........531,690
..........618,211
............86,061
............33,484
..........379,137
..........171,081
.......3,575,363
.......6,987,600
........................
.......1,610,946
..........860,315
.......1,989,345
............50,000
........................
..........358,469
..........248,076
.......1,902,496
..........134,222
..........610,811
.......1,416,716
............79,479
..........230,000
.......2,763,792
........................
..........719,832
..........791,442
..........282,007
.......7,915,488
........................
........................
............57,559
.......2,311,215
..........300,000
.......6,666,330
........................
........................
........................
........................
........................
........................
........................
.....................0
.....62,033,927
........................
....XXX.....
....XXX.....
....XXX.....
....XXX.....
....XXX.....
....XXX.....
....XXX.....
........................
.....................0
.....62,033,927
........................
.....62,033,927
........................
.....62,033,927
........................
........................
........................
.....................0
.....................0
........................
........................
........................
.....................0
.....................0
(a) Insert the number of L responses except for Canada and Other Alien.
(b) Column 4 should balance with Exhibit 1, Lines 6.4, 10.4 and 16.4, Col. 4 or with Schedule H, Part 1, Column 1, Line 1. Indicate which: Exhibit 1, Lines 6.4, 10.4 and 16.4, Col. 4
45
SCHEDULE T - PART 2
INTERSTATE COMPACT - EXHIBIT OF PREMIUMS WRITTEN
Allocated by States and Territories
States, Etc.
1
Life
(Group and
Individual)
2
Annuities
(Group and
Individual)
Deposit-Type
Contracts
Totals
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
46
SNI
HOLDCO
INC.
47
GOLD RING
HOLDINGS,
LLC
THRIVENT LIFE
INSURANCE
COMPANY
NAIC: 97721
FEIN: 41-1437943
40%
THRIVENT ASSET
MANAGEMENT, LLC
THRIVENT
INVESTMENT
MANAGEMENT,
INC.
60%
THRIVENT
FINANCIAL
INVESTOR SERVICES,
INC.
THRIVENT
FINANCIAL
BANK
THRIVENT
INSURANCE
AGENCY, INC.
NORTH
MEADOWS LTD.
THRIVENT
FINANCIAL
LIFELONG
RESOURCES, INC.
SCHEDULE Y
1
Group
Code
Group
Name
NAIC
Company
Code
Federal
ID
Number
Federal
RSSD
Name of Securities
Exchange if Publicly Traded
CIK
(U.S. or International)
Names of
Parent, Subsidiaries
or Affiliates
10
Relationship
Domiciliary to Reporting
Location
Entity
11
Directly Controlled by
(Name of Entity/Person)
12
13
Type of
Control
(Ownership
Board,
If Control is
Management Ownership
Attorney-in-Fact, Provide
Influence, Other) Percentage
14
15
Ultimate Controlling
Entity(ies)/Person(s)
Members
2938.. Thrivent Financial for Lutherans... 56014...... 39-0123480 .............. 314984.. ..................................... Thrivent Financial for Lutherans............................................... WI............. ..................... ................................................................. ........................... .................. ................................................................... .............
.......... Thrivent Financial for Lutherans... 97721...... 39-1559369 .............. .............. ..................................... Thrivent Financial Holdings, Inc............................................... DE............. DS................ Thrivent Financial for Lutherans............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
2938.. Thrivent Financial for Lutherans... ................ 41-1437943 .............. .............. ..................................... Thrivent Life Insurance Company............................................ MN............ DS................ Thrivent Financial Holdings, Inc............... Ownership......... Essentially 100.00
Thrivent
(except
Financial
5 shares
for Lutherans.................
held by directors) .............
.......... Thrivent Financial for Lutherans... ................ 39-1932303 2745529 1083097 ..................................... Thrivent Financial Bank............................................................ WI............. DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 39-1534368 .............. .............. ..................................... North Meadows Investment Ltd................................................ WI............. DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 25-1200088 .............. 817712.. ..................................... Thrivent Financial Investor Services Inc................................... PA............. DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 41-1966249 .............. .............. ..................................... Thrivent Property & Casualty Insurance Agency, Inc............... MN............ DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 41-1780150 .............. .............. ..................................... Thrivent Insurance Agency Inc................................................. MN............ DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 41-1878994 .............. .............. ..................................... Thrivent Financial Lifelong Resources Inc............................... MN............ DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 39-1559375 .............. .............. ..................................... Thrivent Investment Management Inc...................................... DE............. DS................ Thrivent Financial Holdings, Inc............... Ownership......... ......100.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 26-2521785 .............. 1346952 ..................................... Thrivent Asset Management, LLC............................................ DE............. DS................ Thrivent Investment Management Inc...... Ownership......... ........60.00 Thrivent Financial for Lutherans................. .............
.......... Thrivent Financial for Lutherans... ................ 26-2521785 .............. 1346952 ..................................... Thrivent Asset Management, LLC............................................ DE............. DS................ Thrivent Life Insurance Company............ Ownership......... ........40.00 Thrivent Financial for Lutherans................. .............
48
.......... Thrivent Financial for Lutherans... ................ ................... .............. .............. ..................................... Gold Ring Holdings, LLC.......................................................... DE............. DS................ Thrivent Financial for Lutherans............... Ownership......... ......100.00 ................................................................... .............
.......... Thrivent Financial for Lutherans... ................ 27-1574756 .............. .............. ..................................... SNI Holdco Inc......................................................................... DE............. DS................ Thrivent Financial for Lutherans............... Ownership......... ........62.50 ................................................................... .............
.......... Thrivent Financial for Lutherans... ................ 30-0439087 .............. 1415351 ..................................... White Rose Fund I Equity Direct, L.P. ..................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 30-0439082 .............. 1415352 ..................................... White Rose Fund I Fund of Funds, L.P.................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 30-0439081 .............. 1415353 ..................................... White Rose Fund I Mezzanine Direct, L.P............................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 51-0659163 .............. 1425625 ..................................... Thrivent White Rose Fund II Equity Direct, L.P........................ DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 51-0659149 .............. 1425623 ..................................... Thrivent White Rose Fund II Fund of Funds, L.P..................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 51-0659201 .............. 1425624 ..................................... Thrivent White Rose Fund II Mezzanine Direct, L.P................ DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 26-3900532 .............. 1459014 ..................................... Thrivent White Rose Fund III Equity Direct, L.P....................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 26-3900624 .............. 1459015 ..................................... Thrivent White Rose Fund III Fund of Funds, L.P.................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 26-3900714 .............. 1459078 ..................................... Thrivent White Rose Fund III Mezzanine Direct, L.P............... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 27-4527323 .............. 1510309 ..................................... Thrivent White Rose Fund IV Equity Direct, L.P...................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 27-4527676 .............. 1510200 ..................................... Thrivent White Rose Fund IV Fund of Funds, L.P.................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 27-4527958 .............. 1510228 ..................................... Thrivent White Rose Fund IV Mezzanine Direct, L.P............... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 30-0439077 .............. .............. ..................................... White Rose GP I, LLC.............................................................. DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........75.00 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 51-0659063 .............. .............. ..................................... Thrivent White Rose GP II, LLC............................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........67.50 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 26-3900402 .............. .............. ..................................... Thrivent White Rose GP III, LLC.............................................. DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........67.50 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 27-4524712 .............. .............. ..................................... Thrivent White Rose GP IV, LLC.............................................. DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........65.50 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 02-0755424 .............. .............. ..................................... Pacific Street Fund, L.P. .......................................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 94-3436464 .............. 1444779 ..................................... Pacific Street Fund II, L.P. ....................................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........99.00 ................................................................... *............
.......... Thrivent Financial for Lutherans... ................ 02-0755417 .............. .............. ..................................... Pacific Street GP, LLC............................................................. DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........12.00 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 94-3436461 .............. .............. ..................................... Pacific Street GP II, LLC.......................................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........12.00 ................................................................... **...........
.......... Thrivent Financial for Lutherans... ................ 02--0755407 .............. .............. ..................................... Twin Bridge Capital Partners, LLC........................................... DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........49.00 ................................................................... ***.........
.......... Thrivent Financialf for Lutherans.. ................ 45-4055340 .............. .............. ..................................... One Rock Voltage Investors, LLC............................................ DE............. OTH.............. Thrivent Financial for Lutherans............... Ownership......... ........49.00 ................................................................... ****........
SCHEDULE Y
1
Group
Code
Group
Name
NAIC
Company
Code
Federal
ID
Number
Federal
RSSD
Asterisk
Explanation
*
Private Equity Fund
**
***
****
Name of Securities
Exchange if Publicly Traded
CIK
(U.S. or International)
Names of
Parent, Subsidiaries
or Affiliates
10
Relationship
Domiciliary to Reporting
Location
Entity
11
Directly Controlled by
(Name of Entity/Person)
12
13
Type of
Control
(Ownership
Board,
If Control is
Management Ownership
Attorney-in-Fact, Provide
Influence, Other) Percentage
14
15
Ultimate Controlling
Entity(ies)/Person(s)
48.1
SCHEDULE Y
1
NAIC
Company
Code
Federal
ID
Number
Names of Insurers
and Parent, Subsidiaries
or Affiliates
Affiliated Transactions
56014.................. 39-0123480.............. Thrivent Financial for Lutherans..............................................
............................ 39-1559369.............. Thrivent Financial Holdings, Inc...............................................
97721.................. 41-1437943.............. Thrivent Life Insurance Company............................................
............................ 39-1559375.............. Thrivent Investment Management, Inc.....................................
............................ 41-1780150.............. Thrivent Insurance Agency, Inc...............................................
............................ 39-1534368.............. North Meadows Investment, Ltd..............................................
............................ 26-2521785.............. Thrivent Asset Management, LLC...........................................
............................ ................................. Gold RingHoldings, LLC..........................................................
............................ ................................. Thrivent White Rose Funds United Partnerships.....................
............................ ................................. Pacific Street Funds Limited Partnerships...............................
9999999. Control Totals..............................................................................................................
Capital
Contributions
Purchases, Sales
or Exchanges of
Loans, Securities,
Real Estate,
Mortgage Loans or
Other Investments
7
Income/
(Disbursements)
Incurred in
Connection with
Guarantees or
Undertakings
for the Benefit
of any Affiliate(s)
Shareholder
Dividends
................277,170,193
....................1,000,000
.................(11,600,000)
..................18,000,000
...................(3,000,000)
...................(1,200,000)
.................(30,000,000)
.....................................
...............(181,910,255)
.................(68,459,938)
..................................0
Management
Agreements
and
Service
Contracts
...............(352,317,221)
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................21,234,534
................248,933,502
..................82,149,185
..................................0
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................................0
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................................0
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................................0
10
11
12
13
Any Other
Material Activity
Not in the
Ordinary
Course of the
Insurer's
Business
Totals
Reinsurance
Recoverable/
(Payable) on
Losses and/or
Reserve Credit
Taken/
(Liability)
Income/
(Disbursements)
Incurred under
Reinsurance
Agreements
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
.................................
..............................0
.......
.......
.......
.......
.......
.......
.......
.......
.......
.......
XXX
...................................
...................................
...................................
...................................
...................................
...................................
...................................
...................................
...................................
...................................
................................0
.................(75,147,028)
....................1,000,000
.................(11,600,000)
..................18,000,000
...................(3,000,000)
...................(1,200,000)
.................(30,000,000)
..................21,234,534
..................67,023,247
..................13,689,247
..................................0
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
.....................................
..................................0
49
50
BARCODES:
1.
2.
3.
4.
5.
6.
7.
8.
9. There were no unremediated material weaknesses in Thrivent Financial's audit of
internal control over financial reporting.
*56014201122200000*
10.
11.
*56014201149000000*
12.
13.
14.
15.
16.
17. We are not providing Attachment 3 because we are not using a Type 1 Method Defined
by Actuarial Guideline 35 for reserves.
18.
19.
20.
21.
*56014201144300000*
*56014201144400000*
*56014201144500000*
*56014201144600000*
*56014201144700000*
*56014201144800000*
*56014201144900000*
22.
23.
24.
*56014201145200000*
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
*56014201145400000*
*56014201136500000*
*56014201122400000*
*56014201122500000*
*56014201122600000*
35.
36.
50.1
*56014201121700000*
42.
50.2
51P
8
9
6
7
Aggregate of
Total
Life
Individual
Supplementary
Accident
All Other Lines
(Columns 2)
Total
Insurance
Annuities
Contracts
and Health
of Business
through 6)
Fraternal
Expense
2504. Fraternal allocation................................................................................................................................................................................... .................................0 ........106,476,434 ..........49,684,440 ..........12,367,750 ...............908,530 .......(7,886,380) .........161,550,773 ........(161,550,773) ...............................
2597. Summary of remaining write-ins for Line 25............................................................................................................................................ .................................0 ........106,476,434 ..........49,684,440 ..........12,367,750 ...............908,530 .......(7,886,380) .........161,550,773 ........(161,550,773) ............................0
2
Insurance
51L
Amount
Percentage
3
Amount
6
Percentage
1. Bonds:
1.1 U.S. treasury securities......................................................................................................... .1,045,175,524 ............2.2 .1,045,175,524 ............................ .1,045,175,524 ............2.2
1.2 U.S. government agency obligations (excluding mortgage-backed securities):
1.21 Issued by U.S. government agencies.......................................................................... ........1,928,297 ............0.0 ........1,928,297 ............................ ........1,928,297 ............0.0
1.22 Issued by U.S. government sponsored agencies........................................................ ....355,752,887 ............0.7 ....355,752,887 ............................ ....355,752,887 ............0.7
1.3 Non-U.S. government (including Canada, excluding mortgage-backed securities).............. ....117,098,632 ............0.2 ....117,098,632 ............................ ....117,098,632 ............0.2
1.4 Securities issued by states, territories and possessions and political subdivisions in the U.S.:
1.41 States, territories and possessions general obligations............................................... ......51,142,804 ............0.1 ......51,142,804 ............................ ......51,142,804 ............0.1
1.42 Political subdivisions of states, territories & possessions & political
subdivisions general obligations.................................................................................. ....142,497,346 ............0.3 ....142,497,346 ............................ ....142,497,346 ............0.3
1.43 Revenue and assessment obligations......................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
1.44 Industrial development and similar obligations............................................................ ......................... ............0.0 ......................... ............................ ......................0 ............0.0
1.5 Mortgage-backed securities (includes residential and commercial MBS):
1.51 Pass-through securities:
1.511 Issued or guaranteed by GNMA....................................................................... ....131,687,043 ............0.3 ....131,687,043 ............................ ....131,687,043 ............0.3
1.512 Issued or guaranteed by FNMA and FHLMC.................................................... .5,112,862,609 ..........10.6 .5,112,862,609 ............................ .5,112,862,609 ..........10.6
1.513 All other............................................................................................................. ....292,212,048 ............0.6 ....292,212,048 ............................ ....292,212,048 ............0.6
1.52 CMOs and REMICs:
1.521 Issued or guaranteed by GNMA, FNMA, FHLMC or VA................................... ....739,307,072 ............1.5 ....739,307,072 ............................ ....739,307,072 ............1.5
1.522 Issued by non-U.S. Government issuers and collateralized by mortgagebacked securities issued or guaranteed by agencies shown in Line 1.521....... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
1.523 All other............................................................................................................. .2,520,952,495 ............5.2 .2,520,952,495 ............................ .2,520,952,495 ............5.2
2. Other debt and other fixed income securities (excluding short-term):
2.1 Unaffiliated domestic securities (includes credit tenant loans and hybrid securities)........... 18,896,705,904 ..........39.1 18,896,705,904 ............................ 18,896,705,904 ..........39.1
2.2 Unaffiliated non-U.S. securities (including Canada)............................................................. .4,670,555,160 ............9.7 .4,670,555,160 ............................ .4,670,555,160 ............9.7
2.3 Affiliated securities................................................................................................................ ......................... ............0.0 ......................... ............................ ......................0 ............0.0
3. Equity interests:
3.1 Investments in mutual funds................................................................................................. ......88,294,075 ............0.2 ......88,294,075 ............................ ......88,294,075 ............0.2
3.2 Preferred stocks:
3.21 Affiliated....................................................................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
3.22 Unaffiliated................................................................................................................... ......60,183,382 ............0.1 ......60,183,382 ............................ ......60,183,382 ............0.1
3.3 Publicly traded equity securities (excluding preferred stocks):
3.31 Affiliated....................................................................................................................... ......68,044,106 ............0.1 ......68,044,106 ............................ ......68,044,106 ............0.1
3.32 Unaffiliated................................................................................................................... ....648,827,808 ............1.3 ....648,827,808 ............................ ....648,827,808 ............1.3
3.4 Other equity securities:
3.41 Affiliated....................................................................................................................... ....307,338,676 ............0.6 ....307,338,676 ............................ ....307,338,676 ............0.6
3.42 Unaffiliated................................................................................................................... ........3,963,933 ............0.0 ........3,963,933 ............................ ........3,963,933 ............0.0
3.5 Other equity interests including tangible personal property under lease:
3.51 Affiliated....................................................................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
3.52 Unaffiliated................................................................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
4. Mortgage loans:
4.1 Construction and land development..................................................................................... ......38,813,115 ............0.1 ......38,813,115 ............................ ......38,813,115 ............0.1
4.2 Agricultural............................................................................................................................ ......................... ............0.0 ......................... ............................ ......................0 ............0.0
4.3 Single family residential properties....................................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
4.4 Multifamily residential properties........................................................................................... ......................... ............0.0 ......................... ............................ ......................0 ............0.0
4.5 Commercial loans................................................................................................................. .7,501,045,994 ..........15.5 .7,501,045,994 ............................ .7,501,045,994 ..........15.5
4.6 Mezzanine real estate loans................................................................................................. ......................... ............0.0 ......................... ............................ ......................0 ............0.0
5. Real estate investments:
5.1 Property occupied by company............................................................................................. ......60,307,490 ............0.1 ......60,307,490 ............................ ......60,307,490 ............0.1
5.2 Property held for production of income (including $..........0 of property
acquired in satisfaction of debt)............................................................................................ ......................... ............0.0 ......................... ............................ ......................0 ............0.0
5.3 Property held for sale (including $.........0 property acquired in satisfaction of debt)............ ......37,164,329 ............0.1 ......37,164,329 ............................ ......37,164,329 ............0.1
6. Contract loans............................................................................................................................... .1,261,431,538 ............2.6 .1,261,431,538 ............................ .1,261,431,538 ............2.6
7. Derivatives.................................................................................................................................... .............23,970 ............0.0 .............23,970 ............................ .............23,970 ............0.0
8. Receivables for securities............................................................................................................. ......34,639,685 ............0.1 ......34,639,685 ............................ ......34,639,685 ............0.1
9. Securities lending (Line 10, Asset Page reinvested collateral)..................................................... ......................... ............0.0 ......................... .........XXX............ .........XXX......... .........XXX..
10. Cash, cash equivalents and short-term investments.................................................................... .1,990,864,681 ............4.1 .1,990,864,681 ............................ .1,990,864,681 ............4.1
11. Other invested assets................................................................................................................... .2,131,349,916 ............4.4 .2,123,221,093 ............................ .2,123,221,093 ............4.4
12. Total invested assets.................................................................................................................... 48,310,170,520 ........100.0 48,302,041,697 .........................0 48,302,041,697 ........100.0
SI01
1.
2.
Cost of acquired:
3.
4.
2.1
2.2
7,624,922
111,882,039
7,624,922
3.2
436,697
5.
11,440,261
6.
7.
8.
9.
6.1
6.2
1,838,673
7.2
1,238,873
3,077,546
7,677,200
8.2
276,831
7,954,031
97,471,819
97,471,819
1.
2.
Cost of acquired:
3.
2.1
789,634,090
2.2
35,575,078
7,460,967,154
825,209,168
2,179,778
3.2
603
4.
Accrual of discount..................................................................................................................................................................................................................................
5.
5.2
6.
7.
8.
Deduct amortization of premium and mortgage interest points and commitment fees..........................................................................................................................
9.
Total foreign exchange change in book value/recorded investment excluding accrued interest:
9.1
9.2
2,180,381
736,266,461
7,750,000
4,481,134
11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7-8+9-10)......................................................................
12,231,134
7,539,859,109
7,539,859,109
SI02
7,539,859,109
2.
Cost of acquired:
3.
2.1
15,445,230
2.2
404,198,568
1,830,137,640
419,643,798
4.
Accrual of discount..................................................................................................................................................................................................................................
5.
317,326,998
670,358
17,829
317,997,356
6.
(41,608)
7.
423,848,556
8.
31,592
9.
(1,071,599)
(1,071,599)
8,074,667
3,378,684
11,453,351
2,131,349,917
8,128,830
13. Statement value at end of current period (Line 11 minus Line 12)........................................................................................................................................................
2,123,221,087
33,451,582,164
2.
26,256,414,074
3.
Accrual of discount..................................................................................................................................................................................................................................
25,723,651
4.
4.2
16,568,558
4.3
(19,372,432)
4.4
(54,405,903)
(57,209,777)
5.
259,858,212
6.
Deduct consideration for bonds and stocks disposed of, Part 4, Column 7...........................................................................................................................................
24,551,995,080
7.
93,905,549
8.
(5,254,888)
9.
(157,854)
(460,367)
(5,873,109)
29,704,790
9.2
288
9.3
9.4
359,702
30,064,780
35,254,529,807
SI03
35,254,529,807
Description
BONDS
1
Book/Adjusted
Carrying Value
Fair Value
Actual Cost
4
Par Value
of Bonds
guaranteed by governments)
Securities (Unaffiliated)
PREFERRED STOCKS
Industrial and Miscellaneous (Unaffiliated)
COMMON STOCKS
Industrial and Miscellaneous (Unaffiliated)
SI04
1.
1.1
1.2
1.3
1.4
1.5
1.6
1.7
2.
2.1
2.2
2.3
2.4
2.5
2.6
2.7
3.
SI05
3.1
3.2
3.3
3.4
3.5
3.6
3.7
4.
4.1
4.2
4.3
4.4
4.5
4.6
4.7
5.
5.1
5.2
5.3
5.4
5.5
5.6
5.7
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 9.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
...............61,283,167
...................................
...................................
...................................
...................................
...................................
...............61,283,167
.............312,025,024
...................................
...................................
...................................
...................................
...................................
.............312,025,024
.............500,148,161
...................................
...................................
...................................
...................................
...................................
.............500,148,161
.............161,408,160
...................................
...................................
...................................
...................................
...................................
.............161,408,160
.............174,654,732
...................................
...................................
...................................
...................................
...................................
.............174,654,732
..........1,209,519,244
...............................0
...............................0
...............................0
...............................0
...............................0
..........1,209,519,244
............................3.4
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................3.4
..........1,275,223,302
...................................
...................................
...................................
...................................
...................................
..........1,275,223,302
............................3.8
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................3.8
..........1,209,519,244
...................................
...................................
...................................
...................................
...................................
..........1,209,519,244
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
.................4,999,137
...................................
...................................
...................................
...................................
...................................
.................4,999,137
...............30,924,203
.................6,971,983
...................................
...................................
...................................
...................................
...............37,896,186
...............57,787,136
...................................
...................................
...................................
...................................
...................................
...............57,787,136
...............16,416,173
...................................
...................................
...................................
...................................
...................................
...............16,416,173
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
.............110,126,649
.................6,971,983
...............................0
...............................0
...............................0
...............................0
.............117,098,632
............................0.3
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.3
.............186,745,637
.............105,411,051
...................................
...................................
...................................
...................................
.............292,156,688
............................0.6
............................0.3
............................0.0
............................0.0
............................0.0
............................0.0
............................0.9
.............110,126,649
.................6,971,983
...................................
...................................
...................................
...................................
.............117,098,632
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............31,533,400
...................................
...................................
...................................
...................................
...................................
...............31,533,400
...............13,430,000
...................................
...................................
...................................
...................................
...................................
...............13,430,000
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............42,855,000
...................................
...................................
...................................
...................................
...................................
...............42,855,000
.............125,587,750
...................................
...................................
...................................
...................................
...................................
.............125,587,750
.............213,406,150
...............................0
...............................0
...............................0
...............................0
...............................0
.............213,406,150
............................0.6
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.6
.............468,739,678
...................................
...................................
...................................
...................................
...................................
.............468,739,678
............................1.4
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................1.4
.............213,406,150
...................................
...................................
...................................
...................................
...................................
.............213,406,150
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
.............279,611,408
...................................
...................................
...................................
...................................
...................................
.............279,611,408
.............718,983,726
...................................
...................................
...................................
...................................
...................................
.............718,983,726
...............77,199,465
...................................
...................................
...................................
...................................
...................................
...............77,199,465
..........2,166,798,955
...................................
...................................
...................................
...................................
...................................
..........2,166,798,955
..........2,978,328,741
...................................
...................................
...................................
...................................
...................................
..........2,978,328,741
..........6,220,922,295
...............................0
...............................0
...............................0
...............................0
...............................0
..........6,220,922,295
..........................17.2
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
..........................17.2
..........5,657,252,796
...................................
...................................
...................................
...................................
...................................
..........5,657,252,796
..........................16.7
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
..........................16.7
..........6,220,922,295
...................................
...................................
...................................
...................................
...................................
..........6,220,922,295
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 9.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
........12,714,833,757
........10,863,979,768
..........1,377,409,612
.............876,797,789
.............188,448,647
...............38,365,292
........26,059,834,865
..........................37.5
..........................32.1
............................4.1
............................2.6
............................0.6
............................0.1
..........................76.9
6.1
6.2
6.3
6.4
6.5
6.6
6.7
..........2,502,319,086
.............610,627,678
...............16,573,871
.................7,361,101
...............11,970,101
...............10,505,000
..........3,159,356,837
..........4,304,565,057
..........3,202,341,529
.............406,970,833
.............247,993,417
...............25,502,663
.................3,692,205
..........8,191,065,704
..........3,839,845,823
..........4,627,893,621
.............570,981,887
.............421,321,925
...............45,369,633
.................3,129,109
..........9,508,541,998
.............987,538,755
..........1,405,252,000
.............184,252,243
...............61,700,085
...............30,594,259
....................855,238
..........2,670,192,580
..........2,062,050,133
..........2,302,962,684
...............68,955,879
.............127,375,965
...............28,677,946
........................1,302
..........4,590,023,909
........13,696,318,854
........12,149,077,512
..........1,247,734,713
.............865,752,493
.............142,114,602
...............18,182,854
........28,119,181,028
..........................37.9
..........................33.7
............................3.5
............................2.4
............................0.4
............................0.1
..........................77.9
........11,777,466,639
..........9,781,622,901
.............958,479,451
.............826,371,155
.............139,770,952
...............18,182,854
........23,501,893,952
..........1,918,852,215
..........2,367,454,611
.............289,255,262
...............39,381,338
.................2,343,650
...................................
..........4,617,287,076
7.1
7.2
7.3
7.4
7.5
7.6
7.7
Hybrid Securities
Class 1.............................................................................................
Class 2.............................................................................................
Class 3.............................................................................................
Class 4.............................................................................................
Class 5.............................................................................................
Class 6.............................................................................................
Totals...............................................................................................
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............26,893,448
...................................
...................................
...................................
...................................
........................1,700
...............26,895,148
...............45,148,813
...................................
...................................
...................................
...................................
...................................
...............45,148,813
.................4,070,342
...................................
.................6,008,268
...................................
.................8,016,220
...................................
...............18,094,830
...............69,020,079
...............43,758,648
.................8,869,714
.................7,471,518
...................................
...................................
.............129,119,959
.............145,132,682
...............43,758,648
...............14,877,982
.................7,471,518
.................8,016,220
........................1,700
.............219,258,750
...................................
...................................
...................................
...................................
...................................
........................1,700
........................1,700
8.1
8.2
8.3
8.4
8.5
8.6
8.7
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
7.
SI06
8.
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...................................
...................................
...............................0
9.
9.1
9.2
9.3
9.4
9.5
9.6
9.7
9.8
SI07
10.
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
11.
11.1
11.2
11.3
11.4
11.5
11.6
11.7
11.8
11.9
12.
12.1
12.2
12.3
12.4
12.5
12.6
12.7
12.8
12.9
(a)
(b)
(c)
(d)
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 9.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
(d).....2,879,746,198
(d)........610,627,678
(d)..........16,573,871
(d)............7,361,101
(d)..........11,970,101
(d)..........10,505,000
..........3,536,783,949
............................9.8
..........5,406,821,458
..........3,209,313,512
.............406,970,833
.............247,993,417
...............25,502,663
.................3,693,905
..........9,300,295,788
..........................25.8
..........4,520,129,398
..........4,627,893,621
.............570,981,887
.............421,321,925
...............45,369,633
.................3,129,109
........10,188,825,573
..........................28.2
..........3,379,087,385
..........1,405,252,000
.............190,260,511
...............61,700,085
...............38,610,479
....................855,238
..........5,075,765,698
..........................14.1
..........5,409,641,435
..........2,346,721,332
...............77,825,593
.............134,847,483
...............28,677,946
........................1,302
..........7,997,715,091
..........................22.2
........21,595,425,874
........12,199,808,143
..........1,262,612,695
.............873,224,011
(c).........150,130,822
(c)...........18,184,554
(b)...36,099,386,099
........................100.0
..........................59.8
..........................33.8
............................3.5
............................2.4
............................0.4
............................0.1
........................100.0
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
........19,676,573,659
..........9,832,353,532
.............973,357,433
.............833,842,673
.............147,787,172
...............18,182,854
........31,482,097,323
..........................87.2
..........1,918,852,215
..........2,367,454,611
.............289,255,262
...............39,381,338
.................2,343,650
........................1,700
..........4,617,288,776
..........................12.8
..........2,274,797,120
.............505,799,092
...............20,696,585
...............12,016,496
...................................
.................9,745,000
..........2,823,054,293
............................8.3
..........4,192,306,736
..........2,885,827,066
.............405,236,484
.............310,153,105
...............78,367,634
.................7,994,503
..........7,879,885,528
..........................23.3
..........4,853,704,948
..........4,123,720,857
.............438,981,254
.............323,300,932
...............27,257,576
.................3,555,938
..........9,770,521,505
..........................28.8
..........2,489,073,886
..........1,194,121,672
.............114,541,865
...............25,486,810
...............10,448,037
....................855,000
..........3,834,527,270
..........................11.3
..........6,549,206,069
..........2,306,957,140
.............417,240,288
.............211,848,798
...............72,375,400
...............16,216,551
..........9,573,844,246
..........................28.3
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
........20,359,088,759
........11,016,425,827
..........1,396,696,476
.............882,806,141
(c).........188,448,647
(c)...........38,366,992
(b)...33,881,832,842
........................100.0
..........................60.1
..........................32.5
............................4.1
............................2.6
............................0.6
............................0.1
........................100.0
..............XXX.............
........18,757,858,942
..........8,760,565,702
..........1,229,818,600
.............823,189,754
.............127,725,323
...............38,365,292
........29,737,523,613
..........................87.8
..........1,601,229,817
..........2,255,860,125
.............166,877,876
...............59,616,387
...............60,723,324
........................1,700
..........4,144,309,229
..........................12.2
..........2,843,040,887
.............479,115,095
...............16,384,972
.................7,361,101
...............11,970,101
...............10,505,000
..........3,368,377,156
..........................10.7
............................9.3
..........4,919,206,995
..........2,463,737,822
.............305,919,417
.............247,993,417
...............23,159,013
.................3,692,205
..........7,963,708,869
..........................25.3
..........................22.1
..........3,941,928,929
..........3,795,286,477
.............434,966,940
.............381,940,587
...............45,369,633
.................3,129,109
..........8,602,621,675
..........................27.3
..........................23.8
..........2,837,383,500
.............911,649,183
.............138,260,511
...............61,700,085
...............38,610,479
....................855,238
..........3,988,458,996
..........................12.7
..........................11.0
..........5,135,013,348
..........2,182,564,955
...............77,825,593
.............134,847,483
...............28,677,946
........................1,302
..........7,558,930,627
..........................24.0
..........................20.9
........19,676,573,659
..........9,832,353,532
.............973,357,433
.............833,842,673
.............147,787,172
...............18,182,854
........31,482,097,323
........................100.0
..........................87.2
..........................54.5
..........................27.2
............................2.7
............................2.3
............................0.4
............................0.1
..........................87.2
..............XXX.............
..............XXX.............
........18,757,858,942
..........8,760,565,702
..........1,229,818,600
.............823,189,754
.............127,725,323
...............38,365,292
........29,737,523,613
..............XXX.............
..............XXX.............
..........................55.4
..........................25.9
............................3.6
............................2.4
............................0.4
............................0.1
..........................87.8
..............XXX.............
..............XXX.............
........19,676,573,659
..........9,832,353,532
.............973,357,433
.............833,842,673
.............147,787,172
...............18,182,854
........31,482,097,323
........................100.0
..........................87.2
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
...............36,705,311
.............131,512,583
....................188,899
...................................
...................................
...................................
.............168,406,793
............................3.6
............................0.5
.............487,614,463
.............745,575,690
.............101,051,416
...................................
.................2,343,650
........................1,700
..........1,336,586,919
..........................28.9
............................3.7
.............578,200,469
.............832,607,144
.............136,014,947
...............39,381,338
...................................
...................................
..........1,586,203,898
..........................34.4
............................4.4
.............541,703,885
.............493,602,817
...............52,000,000
...................................
...................................
...................................
..........1,087,306,702
..........................23.5
............................3.0
.............274,628,087
.............164,156,377
...................................
...................................
...................................
...................................
.............438,784,464
............................9.5
............................1.2
..........1,918,852,215
..........2,367,454,611
.............289,255,262
...............39,381,338
.................2,343,650
........................1,700
..........4,617,288,776
........................100.0
..........................12.8
............................5.3
............................6.6
............................0.8
............................0.1
............................0.0
............................0.0
..........................12.8
..............XXX.............
..............XXX.............
..........1,601,229,817
..........2,255,860,125
.............166,877,876
...............59,616,387
...............60,723,324
........................1,700
..........4,144,309,229
..............XXX.............
..............XXX.............
............................4.7
............................6.7
............................0.5
............................0.2
............................0.2
............................0.0
..........................12.2
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..........1,918,852,215
..........2,367,454,611
.............289,255,262
...............39,381,338
.................2,343,650
........................1,700
..........4,617,288,776
........................100.0
..........................12.8
Includes $.....4,739,242,067 freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A.
Includes $.....281,264,484 current year, $.....209,753,664 prior year of bonds with Z designations and $..........0 current year, $.....3,171,108,834 prior year of bonds with Z* designations. The letter "Z" means the NAIC designation was not assigned by the
Securities Valuation Office (SVO) at the date of the statement. "Z*" means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review.
Includes $.....1,330,300 current year, $..........0 prior year of bonds with 5* designations and $..........0 current year, $.....9,104,203 prior year of bonds with 6* designations. "5*" means the NAIC designation was assigned by the SVO in reliance on
the insurer's certification that the issuer is current in all principal and interest payments. "6*" means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.
Includes the following amount of non-rated short-term and cash equivalent bonds by NAIC designation: NAIC 1 $.....1,903,556,507; NAIC 2 $.....117,378,565; NAIC 3 $.....573,206; NAIC 4 $..........0; NAIC 5 $..........0; NAIC 6 $..........0.
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
1.
1.1
1.2
1.3
1.4
1.5
2.
2.1
2.2
2.3
2.4
2.5
3.
3.1
3.2
3.3
3.4
3.5
4.
SI08
4.1
4.2
4.3
4.4
4.5
5.
5.1
5.2
5.3
5.4
5.5
6.
6.1
6.2
6.3
6.4
6.5
7.
7.1
7.2
7.3
7.4
7.5
8.
8.1
8.2
8.3
8.4
8.5
Distribution by Type
U.S. Governments
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
All Other Governments
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
U.S. States, Territories and Possessions, Guaranteed
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
U.S. Political Subdivisions of States, Territories and
Possessions, Guaranteed
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
U.S. Special Revenue & Special Assessment Obligations, etc.,
Non-Guaranteed
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
Industrial and Miscellaneous (unaffiliated)
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
Hybrid Securities
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
Parent, Subsidiaries and Affiliates
Issuer Obligations....................................................................................
Residential Mortgage-Backed Securities................................................
Commercial Mortgage-Backed Securities..............................................
Other Loan-Backed and Structured Securities.......................................
Totals.......................................................................................................
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 9.5
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed
...............60,862,715
....................420,452
...................................
...................................
...............61,283,167
.............310,471,112
.................1,553,912
...................................
...................................
.............312,025,024
.............499,993,736
....................154,425
...................................
...................................
.............500,148,161
...........160,239,616
...............1,168,544
.................................
.................................
...........161,408,160
.............46,265,022
...........128,389,710
.................................
.................................
...........174,654,732
..........1,077,832,201
.............131,687,043
...............................0
...............................0
..........1,209,519,244
............................3.0
............................0.4
............................0.0
............................0.0
............................3.4
..........1,168,668,720
.............106,554,582
...................................
...................................
..........1,275,223,302
..........................3.4
..........................0.3
..........................0.0
..........................0.0
..........................3.8
..........1,077,832,201
.............131,687,043
...................................
...................................
..........1,209,519,244
.................................
.................................
.................................
.................................
.............................0
.................4,999,137
...................................
...................................
...................................
.................4,999,137
...............37,896,186
...................................
...................................
...................................
...............37,896,186
...............57,787,136
...................................
...................................
...................................
...............57,787,136
.............16,416,173
.................................
.................................
.................................
.............16,416,173
.................................
.................................
.................................
.................................
.............................0
.............117,098,632
...............................0
...............................0
...............................0
.............117,098,632
............................0.3
............................0.0
............................0.0
............................0.0
............................0.3
.............292,156,688
...................................
...................................
...................................
.............292,156,688
..........................0.9
..........................0.0
..........................0.0
..........................0.0
..........................0.9
.............117,098,632
...................................
...................................
...................................
.............117,098,632
.................................
.................................
.................................
.................................
.............................0
...............31,533,400
...................................
...................................
...................................
...............31,533,400
...............13,430,000
...................................
...................................
...................................
...............13,430,000
...................................
...................................
...................................
...................................
...............................0
.............42,855,000
.................................
.................................
.................................
.............42,855,000
...........125,587,750
.................................
.................................
.................................
...........125,587,750
.............213,406,150
...............................0
...............................0
...............................0
.............213,406,150
............................0.6
............................0.0
............................0.0
............................0.0
............................0.6
.............468,739,678
...................................
...................................
...................................
.............468,739,678
..........................1.4
..........................0.0
..........................0.0
..........................0.0
..........................1.4
.............213,406,150
...................................
...................................
...................................
.............213,406,150
.................................
.................................
.................................
.................................
.............................0
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...............................0
.................................
.................................
.................................
.................................
.............................0
.................................
.................................
.................................
.................................
.............................0
...............................0
...............................0
...............................0
...............................0
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
...................................
...................................
...................................
...................................
...............................0
.................................
.................................
.................................
.................................
.............................0
.............190,136,048
...............89,475,360
...................................
...................................
.............279,611,408
.............164,444,498
.............554,539,228
...................................
...................................
.............718,983,726
.................6,000,000
...............71,199,465
...................................
...................................
...............77,199,465
.................................
........2,163,078,301
.................................
...............3,720,654
........2,166,798,955
...............4,451,414
........2,973,877,327
.................................
.................................
........2,978,328,741
.............365,031,960
..........5,852,169,681
...............................0
.................3,720,654
..........6,220,922,295
............................1.0
..........................16.2
............................0.0
............................0.0
..........................17.2
.............390,243,176
..........5,261,991,480
...................................
.................5,018,140
..........5,657,252,796
..........................1.2
........................15.5
..........................0.0
..........................0.0
........................16.7
.............365,031,960
..........5,852,169,681
...................................
.................3,720,654
..........6,220,922,295
.................................
.................................
.................................
.................................
.............................0
..........2,963,245,854
...............18,026,331
...............41,827,442
.............136,257,210
..........3,159,356,837
..........6,209,385,168
...............36,513,049
..........1,443,985,025
.............501,182,462
..........8,191,065,704
..........8,728,811,597
.............285,784,454
.............222,902,302
.............271,043,645
..........9,508,541,998
........2,046,181,070
...........236,606,051
.................................
...........387,405,459
........2,670,192,580
........3,989,805,652
...........527,520,129
.................................
.............72,698,128
........4,590,023,909
........23,937,429,341
..........1,104,450,014
..........1,708,714,769
..........1,368,586,904
........28,119,181,028
..........................66.3
............................3.1
............................4.7
............................3.8
..........................77.9
........22,307,356,165
..........1,467,973,261
..........1,729,392,691
.............555,112,748
........26,059,834,865
........................65.8
..........................4.3
..........................5.1
..........................1.6
........................76.9
........19,891,628,018
..........1,104,450,014
..........1,708,714,769
.............797,101,151
........23,501,893,952
........4,045,801,323
.................................
.................................
...........571,485,753
........4,617,287,076
...................................
...................................
...................................
...................................
...............................0
...............26,893,448
...................................
...................................
........................1,700
...............26,895,148
...............28,148,813
...................................
...................................
...............17,000,000
...............45,148,813
...............6,008,268
.................................
.................................
.............12,086,562
.............18,094,830
.............53,155,930
.................................
.................................
.............75,964,029
...........129,119,959
.............114,206,459
...............................0
...............................0
.............105,052,291
.............219,258,750
............................0.3
............................0.0
............................0.0
............................0.3
............................0.6
...............21,481,768
...................................
...................................
.............107,143,745
.............128,625,513
..........................0.1
..........................0.0
..........................0.0
..........................0.3
..........................0.4
.............114,206,459
...................................
...................................
.............105,050,591
.............219,257,050
.................................
.................................
.................................
......................1,700
......................1,700
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...............................0
...................................
...................................
...................................
...................................
...............................0
.................................
.................................
.................................
.................................
.............................0
.................................
.................................
.................................
.................................
.............................0
...............................0
...............................0
...............................0
...............................0
...............................0
............................0.0
............................0.0
............................0.0
............................0.0
............................0.0
...................................
...................................
...................................
...................................
...............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
...................................
...................................
...................................
...................................
...............................0
.................................
.................................
.................................
.................................
.............................0
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 9.5
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed
..........3,250,777,154
.............107,922,143
...............41,827,442
.............136,257,210
..........3,536,783,949
............................9.8
..........6,762,520,412
.............592,606,189
..........1,443,985,025
.............501,184,162
..........9,300,295,788
..........................25.8
..........9,320,741,282
.............357,138,344
.............222,902,302
.............288,043,645
........10,188,825,573
..........................28.2
........2,271,700,127
........2,400,852,896
.............................0
...........403,212,675
........5,075,765,698
........................14.1
........4,219,265,768
........3,629,787,166
.............................0
...........148,662,157
........7,997,715,091
........................22.2
........25,825,004,743
..........7,088,306,738
..........1,708,714,769
..........1,477,359,849
........36,099,386,099
........................100.0
..........................71.5
..........................19.6
............................4.7
............................4.1
........................100.0
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
........21,779,203,420
..........7,088,306,738
..........1,708,714,769
.............905,872,396
........31,482,097,323
..........................87.2
........4,045,801,323
.............................0
.............................0
...........571,487,453
........4,617,288,776
........................12.8
..........2,725,834,966
...............10,524,819
...............53,113,278
...............33,581,230
..........2,823,054,293
............................8.3
..........6,629,132,732
.............430,625,624
.............527,316,498
.............292,810,674
..........7,879,885,528
..........................23.3
..........8,756,267,828
.............484,857,363
.............418,735,713
.............110,660,601
..........9,770,521,505
..........................28.8
........2,305,796,275
........1,391,919,643
.............39,815,015
.............96,996,337
........3,834,527,270
........................11.3
........4,231,614,394
........4,518,591,874
...........690,412,187
...........133,225,791
........9,573,844,246
........................28.3
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
........24,648,646,195
..........6,836,519,323
..........1,729,392,691
.............667,274,633
........33,881,832,842
........................100.0
........................72.7
........................20.2
..........................5.1
..........................2.0
......................100.0
..............XXX...........
........20,591,166,427
..........6,836,519,323
..........1,729,392,691
.............580,445,172
........29,737,523,613
..........................87.8
........4,057,479,768
.................................
.................................
.............86,829,461
........4,144,309,229
........................12.2
..........3,096,678,633
.............107,922,143
...............41,827,442
.............121,948,938
..........3,368,377,156
..........................10.7
............................9.3
..........5,537,398,768
.............592,606,189
..........1,443,985,025
.............389,718,887
..........7,963,708,869
..........................25.3
..........................22.1
..........7,849,052,637
.............357,138,344
.............222,902,302
.............173,528,392
..........8,602,621,675
..........................27.3
..........................23.8
........1,476,886,065
........2,400,852,896
.................................
...........110,720,035
........3,988,458,996
........................12.7
........................11.0
........3,819,187,317
........3,629,787,166
.................................
...........109,956,144
........7,558,930,627
........................24.0
........................20.9
........21,779,203,420
..........7,088,306,738
..........1,708,714,769
.............905,872,396
........31,482,097,323
........................100.0
..........................87.2
..........................60.3
..........................19.6
............................4.7
............................2.5
..........................87.2
..............XXX.............
..............XXX.............
........20,591,166,427
..........6,836,519,323
..........1,729,392,691
.............580,445,172
........29,737,523,613
..............XXX.............
..............XXX.............
........................60.8
........................20.2
..........................5.1
..........................1.7
........................87.8
..............XXX...........
..............XXX...........
........21,779,203,420
..........7,088,306,738
..........1,708,714,769
.............905,872,396
........31,482,097,323
........................100.0
..........................87.2
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
.............154,098,521
...................................
...................................
...............14,308,272
.............168,406,793
............................3.6
............................0.5
..........1,225,121,644
...................................
...................................
.............111,465,275
..........1,336,586,919
..........................28.9
............................3.7
..........1,471,688,645
...................................
...................................
.............114,515,253
..........1,586,203,898
..........................34.4
............................4.4
...........794,814,062
.................................
.................................
...........292,492,640
........1,087,306,702
........................23.5
..........................3.0
...........400,078,451
.................................
.................................
.............38,706,013
...........438,784,464
..........................9.5
..........................1.2
..........4,045,801,323
...............................0
...............................0
.............571,487,453
..........4,617,288,776
........................100.0
..........................12.8
..........................11.2
............................0.0
............................0.0
............................1.6
..........................12.8
..............XXX.............
..............XXX.............
..........4,057,479,768
...............................0
...............................0
...............86,829,461
..........4,144,309,229
..............XXX.............
..............XXX.............
........................12.0
..........................0.0
..........................0.0
..........................0.3
........................12.2
..............XXX...........
..............XXX...........
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
..............XXX.............
........4,045,801,323
.............................0
.............................0
...........571,487,453
........4,617,288,776
......................100.0
........................12.8
Distribution by Type
9.
9.1
9.2
9.3
9.4
9.5
9.6
SI09
10.
10.1
10.2
10.3
10.4
10.5
10.6
11.
11.1
11.2
11.3
11.4
11.5
11.6
11.7
12.
12.1
12.2
12.3
12.4
12.5
12.6
12.7
Total
Bonds
Mortgage
Loans
4
Other Short-term
Investment
Assets (a)
5
Investments in
Subsidiaries
and Affiliates
1. Book/adjusted carrying value December 31 of prior year................................................................................................. ..........................................653,707,398 ..........................................490,104,313 ................................................................ ..........................................163,603,085 ................................................................
2. Cost of short-term investments acquired........................................................................................................................... .......................................3,655,071,216 .......................................3,655,071,216 ................................................................ ................................................................ ................................................................
3. Accrual of discount............................................................................................................................................................. ..............................................1,130,512 ..............................................1,130,512 ................................................................ ................................................................ ................................................................
4. Unrealized valuation increase (decrease)......................................................................................................................... ............................................................0 ................................................................ ................................................................ ................................................................ ................................................................
5. Total gain (loss) on disposals............................................................................................................................................ .................................................146,620 .................................................146,620 ................................................................ ................................................................ ................................................................
6. Deduct consideration received on disposals..................................................................................................................... .......................................3,643,755,525 .......................................3,480,152,440 ................................................................ ..........................................163,603,085 ................................................................
SI10
Book/Adjusted Carrying Value, December 31, prior year (Line 9, prior year).......................................................................................................................................
2.
(531,251)
2.1 Current year paid/(consideration received) at time of acquisition, still open, Section 1, Column 12..............................................
2.2 Current year paid/(consideration received) at time of acquisition, terminated, Section 2, Column 14...........................................
3.
(5,086,798)
(5,086,798)
4.
5.
6.
Amortization:
1,191,953
8.
4,426,096
4,426,096
9.
2.
566,773
(5,599,300)
(5,708,422)
6,166,073
3.2 Add:
Change in adjustment to basis of hedged item:
3.21 Section 1, Column 17, current year to date minus................................
3.22 Section 1, Column 17, prior year...........................................................
Change in amount recognized:
3.23 Section 1, Column 16, current year to date minus................................
3.24 Section 1, Column 16, prior year...........................................................
0
542,803
(5,708,422)
6,251,225
6,251,225
(51,567,936)
4.2 Less:
4.21 Amount used to adjust basis of hedged item (Section 2, Column 17)...
4.22 Amount recognized (Section 2, Column 16)..........................................
(51,567,936)
(51,567,936)
(85,152)
(5,817,544)
6.
Book/Adjusted Carrying Value at end of current period (Lines 1 + 2 + 3.3 - 4.3 - 5.1 - 5.2).................................................................................................................
23,970
7.
8.
SI11
23,970
Number
Description
Fair
Value
Effective
Date
Maturity
Date
SI12
NONE
Book/Adjusted
Carrying Value
16
Fair
Value
2
Total Replicated
(Synthetic) Assets
Statement Value
Second Quarter
3
Number
of
Positions
4
Total Replicated
(Synthetic) Assets
Statement Value
Third Quarter
5
Number
of
Positions
6
Total Replicated
(Synthetic) Assets
Statement Value
Fourth Quarter
7
Number
of
Positions
8
Total Replicated
(Synthetic) Assets
Statement Value
Year-To-Date
9
Number
of
Positions
10
Total Replicated
(Synthetic) Assets
Statement Value
1.
Beginning Inventory................................................................ ....................................... ....................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0
2.
Add: Opened or Acquired Transactions............................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0 ....................................0
3.
4.
Less: Closed or Disposed of Transactions............................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0 ....................................0
5.
6.
7.
Ending inventory..................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0
NONE
SI13
SCHEDULE DB - VERIFICATION
Verification of Book/Adjusted Carrying Value, Fair Value and Potential Exposure of all Open Derivative Contracts
Book/Adjusted Carrying Value Check
1.
2.
3.
4.
5.
6.
23,970
23,970
23,970
931,366
8.
566,773
9.
6,428,229
(4,930,090)
1,498,139
1,667,759
1,667,759
SI14
2
Bonds
3
Other (a)
SI15
E11
E12
32
Schedule D Part 3
E13
27
Schedule D Part 4
E14
29
Schedule D Part 5
E15
26
E16
Assets
E16
Cash Flow
SI04
SI03
Schedule DA Part 1
E17
10
11
SI10
11
E18
Exhibit 4 Dividends
11
E19
12
SI11
Exhibit 5 Interrogatories
13
E20
13
E21
14
SI11
14
SI12
Exhibit 8 Claims for Life and Accident and Health Contracts - Part 1
15
SI13
Exhibit 8 Claims for Life and Accident and Health Contracts - Part 2
16
Schedule DB Part D
E22
Schedule DB Verification
SI14
24
Schedule DL Part 1
E23
Schedule DL Part 2
E24
E25
E26
17
24
21
E27
25
SI15
General Interrogatories
19
Schedule F
33
34
Jurat Page
36
23
35
18
37
51
38
Schedule A Part 1
E01
Schedule S Part 2
39
Schedule A Part 2
E02
40
Schedule A Part 3
E03
41
SI02
Schedule S Part 4
42
Schedule B Part 1
E04
Schedule S Part 5
43
Schedule B Part 2
E05
Schedule S Part 6
44
Schedule B Part 3
E06
46
SI02
45
Schedule BA Part 1
E07
47
Schedule BA Part 2
E08
48
Schedule BA Part 3
E09
49
SI03
Schedule D Part 1
E10
Summary of Operations
SI05
SI08
INDEX
SI01
4
50