CNO Financial : First Quarter 2024 Bankers Conseco Life Insurance Company

STATEMENT AS OF MARCH 31, 2024 OF THE BANKERS CONSECO LIFE INSURANCE COMPANY

ASSETS

						Current Statement Date		4
					1	2		3	December 31
								Net Admitted Assets	Prior Year Net
					Assets	Nonadmitted Assets		(Cols. 1 - 2)	Admitted Assets
1.	Bonds			................580,583,144	...................................	................	580,583,144	................571,364,725
2.	Stocks:
	2.1 Preferred stocks		...................1,000,000	...................................	...................	1,000,000	...................1,000,000
	2.2 Common stocks		...................................	...................................	...................................	...................................
3.	Mortgage loans on real estate:
	3.1 First liens			...................................	...................................	...................................	...................................
	3.2 Other than first liens	...................................	...................................	...................................	...................................
4.	Real estate:
	4.1 Properties occupied by the company (less $
	encumbrances)		...................................	...................................	...................................	...................................
	4.2 Properties held for	the production of income (less
	$		encumbrances)	...................................	...................................	...................................	...................................
	4.3 Properties held for sale (less $
	.......................................................................................encumbrances)		...................................	...................................	...................................	...................................
5.	Cash ($	1,794,397	), cash equivalents
	($	7,415,942 ) and short-term
	investments ($	...................................	)	9,210,340	...................................	...................	9,210,340	................. 11,608,124
6.	Contract loans (including $	premium notes)	7,319,707	28,983	...................	7,290,724	................... 7,158,422
7.	Derivatives			...................................	...................................	...................................	...................................
8.	Other invested assets		17,384,395	...................................	.................	17,384,395	................. 15,880,603
9.	Receivables for securities	966,127	...................................	......................	966,127	...................................
10.	Securities lending reinvested collateral assets	...................................	...................................	...................................	...................................
11.	Aggregate write-ins for invested assets	...................................	...................................	...................................	...................................
12.	Subtotals, cash and invested assets (Lines 1 to 11)	616,463,713	28,983	................	616,434,730	................607,011,874
13.	Title plants less $	charged off (for Title insurers
	only)			...................................	...................................	...................................	...................................
14.	Investment income due and accrued	7,270,307	...................................	...................	7,270,307	................... 6,637,125

15. Premiums and considerations:

15.1	Uncollected premiums and agents' balances in the course of collection	270,382	17,937	252,445	297,450
15.2	Deferred premiums, agents' balances and installments booked but
	...................................deferred and not yet due (including $
	earned but unbilled premiums)	9,056,322	...................................	9,056,322	8,539,587
15.3	Accrued retrospective premiums ($	) and
	contracts subject to redetermination ($	)	................................... ................................... ................................... ...................................

16. Reinsurance:

	....................................................16.1 Amounts recoverable from reinsurers	...................................	...................................	...................................	...................................
	16.2 Funds held by or deposited with reinsured companies	...................................	...................................	...................................	...................................
	16.3 Other amounts receivable under reinsurance contracts	..........................1,953	...................................	..........................1,953	...................................
17.	Amounts receivable relating to uninsured plans	...................................	...................................	...................................	...................................
18.1	....Current federal and foreign income tax recoverable and interest thereon	...................................	...................................	...................................	...................1,540,802
18.2	Net deferred tax asset	................. 21,292,987	................. 14,508,145	................... 6,784,843	................... 7,010,351
19.	Guaranty funds receivable or on deposit	...................................	...................................	...................................	...................................
20.	Electronic data processing equipment and software	...................................	...................................	...................................	...................................
21.	Furniture and equipment, including health care delivery assets
	($	)	...................... 188,949	...................... 188,949	...................................	...................................
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	...................................	...................................	...................................	...................................
23.	Receivables from parent, subsidiaries and affiliates	..........................6,395	...................................	..........................6,395	..........................6,186
24.	Health care ($	) and other amounts receivable	................... 1,984,328	................... 1,947,162	........................ 37,166	........................ 42,368
25.	........................................Aggregate write-ins for other than invested assets	...................................	...................................	...................................	...................................
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	................656,535,336	................. 16,691,176	................639,844,160	................631,085,742
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts	...................................	...................................	...................................	...................................
28.	Total (Lines 26 and 27)		656,535,336	16,691,176	639,844,160	631,085,742
	DETAILS OF WRITE-INS
1101.	......................................................................................................................	....................................	....................................	....................................	....................................
1102.	......................................................................................................................	....................................	....................................	....................................	....................................
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	Summary of remaining write-ins for Line 11 from overflow page	...................................	...................................	...................................	...................................
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)
2501.	.......................................................................................................................	....................................	....................................	....................................	....................................
2502.	.......................................................................................................................	....................................	....................................	....................................	....................................
2503.	.......................................................................................................................	....................................	....................................	....................................	....................................
2598.	...................Summary of remaining write-ins for Line 25 from overflow page	...................................	...................................	...................................	...................................
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

2

STATEMENT AS OF MARCH 31, 2024 OF THE BANKERS CONSECO LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current	December 31
					Statement Date	Prior Year
1.	Aggregate reserve for life contracts $	................240,167,703	less $	included in Line 6.3
	(including $	Modco Reserve)		240,167,703	234,431,358
2.	Aggregate reserve for accident and health contracts (including $	Modco Reserve)	284,775,921	286,279,874
3.	Liability for deposit-type contracts (including $	Modco Reserve)	457,340	464,601
4.	Contract claims:
	4.1 Life			2,703,754	2,654,819
	4.2 Accident and health			2,972,166	2,805,792
5.	Policyholders' dividends/refunds to members $	and coupons $	due
	and unpaid			...................................	...................................

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

6.1 Policyholders' dividends and refunds to members apportioned for payment (including $ ...................................

		Modco)	...................................	...................................
	6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	Modco)	...................................
	6.3	Coupons and similar benefits (including $	Modco)	...................................
7.	Amount provisionally held for deferred dividend policies not included in Line 6	...................................
8.	Premiums and annuity considerations for life and accident and health contracts received in advance less
	$	................................... discount; including $	204,776 accident and health premiums	.......................755,574	.......................736,722

9. Contract liabilities not included elsewhere:

	9.1	Surrender values on canceled contracts					...................................	...................................
	9.2	Provision for experience rating refunds, including the liability of $	accident and health
		experience rating refunds of which $	is for medical loss ratio rebate per the Public Health
		Service Act						...................................	...................................
	9.3 Other amounts payable on reinsurance, including $	2,108	assumed and $	6,561
		ceded				8,669	31,023
	9.4 Interest Maintenance Reserve			13,305,537	13,604,105
10.	Commissions to agents due or accrued-life and annuity contracts $	31,348 , accident and health
	$	...................................	and deposit-type contract funds $		..................................................		........................ 31,348	........................ 27,019
11.	..............................................................................Commissions and expense allowances payable on reinsurance assumed				...................................	...................................
12.	............................................................................................................................................General expenses due or accrued					...................1,295,805	...................1,225,002
13.	Transfers to Separate Accounts due or accrued (net) (including $	.................................	accrued for expense
	allowances recognized in reserves, net of reinsured allowances)					...................................	...................................
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes				.....................(103,745)	........................ 39,570
15.1	Current federal and foreign income taxes, including $		on realized capital gains (losses)		.......................337,442	...................................
15.2	Net deferred tax liability						...................................	...................................
16.	Unearned investment income					........................ 89,208	........................ 81,510
17.	.......................................................................................Amounts withheld or retained by reporting entity as agent or trustee				........................ 15,948	............................. 575
18.	.............................Amounts held for agents' account, including $	...........................................883 agents' credit balances		............................. 883	............................. 534
19.	........................................................................................................................................Remittances and items not allocated					.......................385,432	........................ 71,447
20.	Net adjustment in assets and liabilities due to foreign exchange rates				...................................	...................................
21.	.......................................................................................Liability for benefits for employees and agents if not included above				...................................	...................................
22.	Borrowed money $	and interest thereon $	...........................................		...................................	...................................
23.	.......................................................................................................................Dividends to stockholders declared and unpaid					...................................	...................................
24.	Miscellaneous liabilities:
	...................................................................................................................................................24.01 Asset valuation reserve					................... 4,069,377	................... 3,878,183
	...................................24.02 Reinsurance in unauthorized and certified ($	.......................................................) companies		...................................	...................................
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	................................... ) reinsurers	.........		...................................	...................................
	24.04 Payable to parent, subsidiaries and affiliates					................... 2,161,370	................... 1,411,322
	...........................................................................................................................................................24.05 Drafts outstanding						...................................	...................................
	............................................................................................................24.06 Liability for amounts held under uninsured plans					...................................	...................................
	........................................................................................................................................24.07 Funds held under coinsurance					...................................	...................................
	24.08 Derivatives						...................................	...................................
	24.09 Payable for securities						...................................	...................................
	.........................................................................................................................................24.10 Payable for securities lending					...................................	...................................
	24.11 Capital notes $	and interest thereon $	...........................................	...................................	...................................
25.	Aggregate write-ins for liabilities				2,945,050	2,858,157
26.	Total liabilities excluding Separate Accounts business (Lines 1 to 25)			556,374,780	550,601,615
27.	.........................................................................................................................................From Separate Accounts Statement					...................................	...................................
28.	Total liabilities (Lines 26 and 27)				556,374,780	550,601,615
29.	Common capital stock						2,000,000	2,000,000
30.	..............................................................................................................................................................Preferred capital stock						...................................	...................................
31.	..........................................................................................................Aggregate write-ins for other than special surplus funds					...................................	...................................
32.	............................................................................................................................................................................Surplus notes						...................................	...................................
33.	.......................................................................................................................................Gross paid in and contributed surplus					................. 98,253,047	................. 98,253,047
34.	Aggregate write-ins for special surplus funds					...................................	...................................
35.	Unassigned funds (surplus)						................(16,783,668)	................(19,768,919)
36.	Less treasury stock, at cost:
	36.1	...................................	shares common (value included in Line 29	$	)
			...................................	...................................
	36.2	...................................	shares preferred (value included in Line 30	$	)
			...................................	...................................
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $		in Separate Accounts Statement)	81,469,379	78,484,128
38.	Totals of Lines 29, 30 and 37				83,469,379	80,484,128
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)					639,844,160	631,085,742
	DETAILS OF WRITE-INS
2501.	.......................................................................................................................................................................Unclaimed funds						...................2,945,050	................... 2,858,157
2502		....................................	....................................
2503		....................................	....................................
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page					...................................	...................................
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)					2,945,050	2,858,157
3101	....................................	....................................

3102. ................................................................................................................................................................................................... .................................... ....................................

3103. ................................................................................................................................................................................................... .................................... ....................................

3198. Summary of remaining write-ins for Line 31 from overflow page .............................................................................................. ................................... ...................................

3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

3401. ................................................................................................................................................................................................... .................................... ....................................

3402. ................................................................................................................................................................................................... .................................... ....................................

3403. ................................................................................................................................................................................................... .................................... ....................................

3498. Summary of remaining write-ins for Line 34 from overflow page .............................................................................................. ................................... ...................................

3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

3

STATEMENT AS OF MARCH 31, 2024 OF THE BANKERS CONSECO LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

		1	2	3
		Current Year	Prior Year	Prior Year Ended
		To Date	To Date	December 31
1.	Premiums and annuity considerations for life and accident and health contracts	................. 22,524,875	................. 23,235,474	................. 87,898,275
2.	Considerations for supplementary contracts with life contingencies
...................................	...................................	...................... 105,863
3.	Net investment income	................... 7,245,258	................... 6,576,706	................. 27,302,974
4.	Amortization of Interest Maintenance Reserve (IMR)	...................... 184,566	.......................158,723	.......................633,329
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	...................................	...................................	...................................
6.	Commissions and expense allowances on reinsurance ceded	...................................	...................................	...................................
7.	Reserve adjustments on reinsurance ceded	...................................	...................................	...................................
8.	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			9,150,000
9.	Totals (Lines 1 to 8.3)	29,954,699	29,970,903	125,090,441
10.	Death benefits	5,476,346	................... 5,778,208	................. 20,835,719
11.	Matured endowments (excluding guaranteed annual pure endowments)	........................ 20,932	........................ 22,215	........................ 79,128
12.	Annuity benefits	.......................585,371	...................... 156,510	................... 1,527,967
13.	Disability benefits and benefits under accident and health contracts	...................5,262,601	................... 4,782,145	................. 20,581,103
14.	Coupons, guaranteed annual pure endowments and similar benefits	...................................	...................................	...................................
15.	Surrender benefits and withdrawals for life contracts	...................2,244,946	................... 2,138,336	...................8,426,510
16.	Group conversions	...................................	...................................	...................................
17.	Interest and adjustments on contract or deposit-type contract funds	........................ 14,207	........................ 10,966	........................ 36,012
18.	Payments on supplementary contracts with life contingencies	........................ 28,115	........................ 24,250	.......................104,397
19.	Increase in aggregate reserves for life and accident and health contracts	4,232,391	10,847,221	40,494,710
20.	Totals (Lines 10 to 19)	................. 17,864,910	................. 23,759,851	................. 92,085,548
21.	Commissions on premiums, annuity considerations, and deposit-type contract funds (direct
	business only)	...................2,151,920	................... 1,667,172	................... 7,628,273
22.	Commissions and expense allowances on reinsurance assumed	..........................2,090	............................. 168	..........................1,711
23.	General insurance expenses and fraternal expenses	................... 4,454,138	...................4,150,245	................. 16,028,080
24.	Insurance taxes, licenses and fees, excluding federal income taxes	...................... 524,527	...................... 545,682	................... 1,878,608
25.	Increase in loading on deferred and uncollected premiums	...................... 660,465	...................... 893,684	...................... 899,444
26.	Net transfers to or (from) Separate Accounts net of reinsurance	...................................	...................................	...................................
27.	Aggregate write-ins for deductions
28.	Totals (Lines 20 to 27)	25,658,049	31,016,802	118,521,663
29.	Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus
	Line 28)	...................4,296,649	................. (1,045,900)	................... 6,568,778
30.	Dividends to policyholders and refunds to members
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal
	income taxes (Line 29 minus Line 30)	...................4,296,649	................. (1,045,900)	................... 6,568,778
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	761,416	(265,793)	1,682,697
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income
	taxes and before realized capital gains or (losses) (Line 31 minus Line 32)	................... 3,535,233	.....................(780,107)	...................4,886,081

34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital

	gains tax of $	(excluding taxes of $	(30,305)
	transferred to the IMR)				70,296
35.	Net income (Line 33 plus Line 34)		3,535,233	(780,107)	4,956,377
	CAPITAL AND SURPLUS ACCOUNT
36.	Capital and surplus, December 31, prior year	80,484,128	76,720,303	76,720,303
37.	Net income (Line 35)		3,535,233	(780,107)	4,956,377
38.	...............................Change in net unrealized capital gains (losses) less capital gains tax of $	...................................	.......................(17,854)	...................................
39.	Change in net unrealized foreign exchange capital gain (loss)	...................................	...................................	...................................
40.	Change in net deferred income tax		(64,473)	60,089	(740,294)
41.	Change in nonadmitted assets		.....................(294,315)	.....................(212,313)	.......................388,847
42.	.......................................Change in liability for reinsurance in unauthorized and certified companies	...................................	...................................	...................................
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	...................................	...................................	...................................
44.	Change in asset valuation reserve		(191,193)	(229,284)	(841,105)
45.	Change in treasury stock		...................................	...................................	...................................
46.	.........................................Surplus (contributed to) withdrawn from Separate Accounts during period	...................................	...................................	...................................
47.	................................................................Other changes in surplus in Separate Accounts Statement	...................................	...................................	...................................
48.	Change in surplus notes		...................................	...................................	...................................
49.	Cumulative effect of changes in accounting principles	...................................	...................................	...................................
50.	Capital changes:
	50.1 Paid in		...................................	...................................	...................................
	..................................................................................50.2 Transferred from surplus (Stock Dividend)	...................................	...................................	...................................
	50.3 Transferred to surplus		...................................	...................................	...................................
51.	Surplus adjustment:
	51.1 Paid in		...................................	...................................	...................................
	........................................................................................51.2 Transferred to capital (Stock Dividend)	...................................	...................................	...................................
	51.3 Transferred from capital		...................................	...................................	...................................
	...............................................................................51.4 Change in surplus as a result of reinsurance	...................................	...................................	...................................
52.	Dividends to stockholders		...................................	...................................	...................................
53.	.............................................................................Aggregate write-ins for gains and losses in surplus
54.	Net change in capital and surplus for the year (Lines 37 through 53)	2,985,252	(1,179,468)	3,763,825
55.	Capital and surplus, as of statement date (Lines 36 + 54)		83,469,379	75,540,834	80,484,128
	DETAILS OF WRITE-INS
.......................................................................................................08.301. Legal recoveries from settlements with third parties		...................................	...................9,150,000
08.302.	..............................................................................................................................................................		....................................	....................................	....................................
08.303.	..............................................................................................................................................................		....................................	....................................	....................................
........................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	...................................	...................................	...................................
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)				9,150,000
2701	....................................	....................................	....................................
2702	....................................	....................................	....................................
2703	....................................	....................................	....................................
2798.	.........................................................Summary of remaining write-ins for Line 27 from overflow page	...................................	...................................	...................................
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)
5301	....................................	....................................	....................................

5302. .............................................................................................................................................................. .................................... .................................... ....................................

5303. .............................................................................................................................................................. .................................... .................................... ....................................

5398. Summary of remaining write-ins for Line 53 from overflow page ............................................................................................ ................................... ...................................

5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

4

STATEMENT AS OF MARCH 31, 2024 OF THE BANKERS CONSECO LIFE INSURANCE COMPANY

CASH FLOW

Cash from Operations

1

Current Year

To Date

2

Prior Year

To Date

3

Prior Year Ended

December 31

1.	Premiums collected net of reinsurance	................. 21,403,792	................. 22,009,874	................. 86,780,428
2.	Net investment income	................... 6,551,293	...................6,182,515	................. 26,537,968
3.	Miscellaneous income	(1,953)	(415)	9,150,000
4.	Total (Lines 1 to 3)	27,953,132	28,191,974	122,468,396
5.	Benefit and loss related payments	................. 13,439,564	................. 13,093,439	................. 51,100,037
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	...................................	...................................	...................................
7.	...............................................Commissions, expenses paid and aggregate write-ins for deductions	................... 7,259,242	................... 6,497,722	................. 25,439,883
8.	Dividends paid to policyholders	...................................	...................................	...................................
9.	Federal and foreign income taxes paid (recovered) net of $	(30,305) tax on capital
	gains (losses)	(1,147,132)	(975,083)	(274,419)
10.	Total (Lines 5 through 9)	19,551,674	18,616,078	76,265,501
11.	Net cash from operations (Line 4 minus Line 10)	8,401,458	9,575,896	46,202,895

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	................... 7,524,431	................... 3,452,237	................. 11,212,001
	12.2	Stocks	...................................	...................................	...................................
	12.3	Mortgage loans	...................................	...................................	...................................
	12.4	Real estate	...................................	...................................	...................................
	12.5	Other invested assets	...................................	...................................	...................................
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	............................. 203	............................(313)	........................ (2,353)
	12.7	Miscellaneous proceeds
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................... 7,524,634	................... 3,451,925	................. 11,209,648
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	................. 16,817,136	................. 16,398,006	................. 53,460,727
	13.2	Stocks	...................................	...................................	...................................
	13.3	Mortgage loans	...................................	...................................	...................................
	13.4	Real estate	...................................	...................................	...................................
	13.5	Other invested assets	................... 1,505,536	...................................	...................................
	13.6	Miscellaneous applications	966,127	1,026,896
	13.7	Total investments acquired (Lines 13.1 to 13.6)	19,288,800	17,424,901	53,460,727
14.	Net increase (or decrease) in contract loans and premium notes	133,413	115,215	915,689
15.	Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)	(11,897,579)	(14,088,192)	(43,166,769)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes	...................................	...................................	...................................
	16.2	Capital and paid in surplus, less treasury stock	...................................	...................................	...................................
	16.3	Borrowed funds	...................................	...................................	...................................
	16.4	Net deposits on deposit-type contracts and other insurance liabilities	........................ (7,261)	........................ (7,417)	..........................4,474
	..........................................................................................................16.5 Dividends to stockholders	...................................	...................................	...................................
	....................................................................................................16.6 Other cash provided (applied)	1,105,598	(621,563)	(1,027,900)
17.	Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5
	plus Line 16.6)	1,098,337	(628,981)	(1,023,426)
	RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18.	.Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	................. (2,397,784)	................. (5,141,277)	................... 2,012,700
19.	Cash, cash equivalents and short-term investments:
	19.1	Beginning of year	................. 11,608,124	...................9,595,424	...................9,595,424
	19.2 End of period (Line 18 plus Line 19.1)	9,210,340	4,454,147	11,608,124

Note: Supplemental disclosures of cash flow information for non-cash transactions:

20.0001. Capitalized interest	...................................	...................................	.................................8

5

STATEMENT AS OF MARCH 31, 2024 OF THE BANKERS CONSECO LIFE INSURANCE COMPANY

EXHIBIT 1

DIRECT PREMIUMS AND DEPOSIT-TYPE CONTRACTS

		1	2	3
		Current Year	Prior Year	Prior Year Ended
		To Date	To Date	December 31
1.	Individual life	................. 14,498,115	................. 14,175,297	................. 52,845,026
2.	Group life	...................................	...................................	............................. 292
3.	Individual annuities	5,246,809	6,322,226	24,321,929
4.	Group annuities	...................................	...................................	...................................
5.	Accident & health	2,766,408	2,730,127	10,775,491
6.	Fraternal	...................................	...................................	...................................
7.	Other lines of business	...................................	...................................	...................................
8.	Subtotal (Lines 1 through 7)	22,511,332	23,227,650	87,942,737
9.	Deposit-type contracts	...................................	...................................	...................................
10.	Total (Lines 8 and 9)	22,511,332	23,227,650	87,942,737

6

$%%%$ # %#$ $ $&# !)

%$% $%%%$

8=.	.<,;29=287	!*0.
	,G??3DKA8,;9@;8;53@F55AG@F;@9)A>;5;7E3@6	A;@9A@57D@
	55AG@F;@9:3@97E3@6ADD75F;A@EA8DDADE
	GE;@7EEA?4;@3F;A@E3@6 AA6I;>>
	;E5A@F;@G76(B7D3F;A@E
	"@H7EF?7@FE
	#A;@F/7@FGD7E )3DF@7DE:;BE3@6%;?;F76%;34;>;FKA?B3@;7E
	"@H7EF?7@F"@5A?7
	7D;H3F;H7"@EFDG?7@FE
	"@5A?7-3J7E
	"@8AD?3F;A@A@57D@;@9)3D7@F ,G4E;6;3D;7E 88;>;3F7E3@6(F:7D+7>3F76)3DF;7E
	74F
	+7F;D7?7@F)>3@E 787DD76A?B7@E3F;A@ )AEF7?B>AK?7@F7@78;FE3@6A?B7@E3F764E7@57E
	@6(F:7D)AEFD7F;D7?7@F7@78;F)>3@E
	3B;F3>3@6,GDB>GE ,:3D7:A>67DEP;H;67@6+7EFD;5F;A@E3@6*G3E; +7AD93@;L3F;A@E
	%;34;>;F;7E A@F;@97@5;7E3@6EE7EE?7@FE
	%73E7E
	"@8AD?3F;A@4AGF;@3@5;3>"@EFDG?7@FE0;F:(88 3>3@57,:77F+;E=3@6;@3@5;3>"@EFDG?7@FE
	0;F:A@57@FD3F;A@EA8D76;F+;E=
	,3>7 -D3@E87D3@6,7DH;5;@9A8;@3@5;3>EE7FE3@6JF;@9G;E:?7@FEA8%;34;>;F;7E
	3;@AD%AEEFAF:7+7BADF;@9@F;FK8DA?.@;@EGD76)>3@E3@6F:7.@;@EGD76)ADF;A@A8)3DF;3>>K
	"@EGD76)>3@E
	;D75F)D7?;G?0D;FF7@)DA6G5764K&3@39;@9	7@7D3>97@FE-:;D6)3DFK6?;@;EFD3FADE
	3;D/3>G7&73EGD7?7@FE
	(F:7D"F7?E
	H7@FE,G4E7CG7@F
	+7;@EGD3@57
	+7FDAEB75F;H7>K+3F76A@FD35FEA@FD35FE,G4<75FFA+767F7D?;@3F;A@
	:3@97;@"@5GDD76%AEE7E3@6%AEE6<>
	"@F7D5A?B3@K)AA>;@9DD3@97?7@FE
	,FDG5FGD76,7FF>7?7@FE
	!73>F:3D7+757;H34>7E
	)3DF;5;B3F;@9)A>;5;7E
	)D7?;G?78;5;7@5K+7E7DH7E
	+7E7DH7E8AD%;87A@FD35FE3@6@@G;FKA@FD35FE
	@3>KE;EA8@@G;FK5FG3D;3>+7E7DH7E3@67BAE;F -KB7%;34;>;F;7E4K0;F:6D3I3>:3D35F7D;EF;5E
	@3>KE;EA8%;875FG3D;3>+7E7DH7E4K0;F:6D3I3>:3D35F7D;EF;5E
	)D7?;G?3@6@@G;FKA@E;67D3F;A@E787DD763@6.@5A>>75F76
	,7B3D3F755AG@FE
	%AEE>3;?6<>

$%%%$ # %#$ $ $&# !)

%$% $%%%$

$>66*;B8/$2072/2,*7=,,8>7=270!852,2.<*7-827087,.;7

55AG@F;@9)D35F;57E

-:78;@3@5;3>EF3F7?7@FEA83@=7DEA@E75A%;87"@EGD3@57A?B3@KQA?B3@KR3D7BD7E7@F76A@F:743E;EA8 355AG@F;@9BD35F;57EBD7E5D;476ADB7D?;FF764KF:7'7I2AD=7B3DF?7@FA8;@3@5;3>,7DH;57EQ7B3DF?7@FR

-:77B3DF?7@FD75A9@;L7EA@>KEF3FGFADK355AG@F;@9BD35F;57EBD7E5D;476ADB7D?;FF764KF:7,F3F7A8'7I2AD=8AD D7BADF;@9F:78;@3@5;3>5A@6;F;A@3@6D7EG>FEA8AB7D3F;A@EA83@;@EGD3@575A?B3@K3@667F7D?;@;@9;FEEA>H7@5K G@67D'7I2AD="@EGD3@57%3I-:7 ?3@G3>Q'",)R:3E477@36ABF76 3E35A?BA@7@FA8BD7E5D;4763@6B7D?;FF76BD35F;57E4KF:7,F3F7A8'7I2AD=

-:7,F3F7A8'7I2AD=?3K36ABF57DF3;@BD7E5D;476355AG@F;@9BD35F;57EF:3F6;887D8DA?F:AE78AG@6;@'",) ED7CG;D764K'7I2AD= F:7A?B3@KGE7E5A@F;@GAGE+/&D7E7DH;@9?7F:A6E8AD;FE6787DD763@@G;FK5A@FD35FE H7DEGE5GDF3F7+/&D7E7DH;@9?7F:A6ED7CG;D764K'",)"85GDF3F7D7E7DH;@9?7F:A6EI7D7GE768AD 5A@FD35FE;EEG76479;@@;@9#3@G3DK EGDB>GEIAG>647;@5D73E764K 3@6 3EA8&3D5: 3@6757?47D D7EB75F;H7>K66;F;A@3>>K @7F;@5A?78ADF:7F:D77?A@F:E7@676 &3D5: 3@6 F:7K73D7@676757?47D IAG>647;@5D73E76675D73E764K 3@6 D7EB75F;H7>K.E;@9 5GDF3F7+/&D7E7DH;@9?7F:A6E8AD6787DD763@@G;FK5A@FD35FEIAG>6@AF:3H753GE76F:7A?B3@KPED;E= 43E76 53B;F3>FAFD;997D3D79G>3FADK7H7@F"@366;F;A@ F:77B3DF?7@F:3EF:7D;9:FFAB7D?;FAF:7DEB75;8;5BD35F;57EF:3F 67H;3F78DA?BD7E5D;476BD35F;57E!AI7H7D F:7A?B3@K:3E@AEG5:B7D?;FF76BD35F;57E

D75A@5;>;3F;A@A8F:7A?B3@KPE@7F;@5A?73@653B;F3>3@6EGDB>GE47FI77@'",)3@6BD35F;57EBD7E5D;476

3@6B7D?;FF764KF:7,F3F7A8'7I2AD=;EE:AI@47>AI

		,,)	,	,
			)397	%;@7
	'-"'(&
	3@=7DEA@E75A%;87"@EGD3@57A?B3@K ,F3F7A8	111	111	111
	'7I2AD=43E;E)397 %;@7 A>G?@E
	'",),F3F7)D7E5D;476)D35F;57EF:3F;@5D73E7675D73E7
	A@F;@GAGE+/&D7E7DH;@9?7F:A6
	'",),F3F7)7D?;FF76)D35F;57EF:3F;@5D73E7675D73E7
	'A@7	'	'	'		O		O
	'",)	111	111	111
	,.+)%.,
	3@=7DEA@E75A%;87"@EGD3@57A?B3@K ,F3F7A8	111	111	111
	'7I2AD=43E;E)397 %;@7 A>G?@E
	'",),F3F7)D7E5D;476)D35F;57EF:3F;@5D73E7675D73E7
	A@F;@GAGE+/&D7E7DH;@9?7F:A6
	'",),F3F7)7D?;FF76)D35F;57EF:3F;@5D73E7675D73E7
	'A@7	'	'	'		O		O
	'",)	111	111	111

'AE;9@;8;53@F5:3@97E

A@6E@AF435=764KAF:7D>A3@E3D7EF3F763F3?ADF;L765AEFGE;@9F:7;@F7D7EF?7F:A6 I;F:F:78A>>AI;@9 7J57BF;A@E;F:AE75A@F3;@;@953>>BDAH;E;A@E 7J57BFQ?3=7 I:A>7R53>>BDAH;E;A@E 3D73?ADF;L76GE;@9F:7 K;7>6 FA IADEF?7F:A6;;F:AE7D3F76'"5>3EE I:;5:3D7EF3F763FF:7>AI7DA83?ADF;L765AEFAD83;DH3>G7 3@6;;;B7DB7FG3>4A@6EF:3F6A@AFBAEE7EEAD@A>A@97DBAEE7EE3@78875F;H753>>ABF;A@ I:;5:3D7D7BADF763F 83;DH3>G7D793D6>7EEA8'"67E;9@3F;A@-:7A?B3@K6A7E@AFGF;>;L7F:7EKEF7?3F;5H3>G7?73EGD7?7@F ?7F:A68AD,/( "67@F;8;76;@H7EF?7@FE

%A3@ 435=764A@6E EFDG5FGD76E75GD;F;7E3@647@78;5;3>;@F7D7EFE3D7EF3F763F3?ADF;L765AEFGE;@9F:7;@F7D7EF ?7F:A6 7J57BF8ADF:AE7D3F76'"5>3EE I:;5:3D7EF3F763FF:7>AI7DA83?ADF;L765AEFAD83;DH3>G7AD E75GD;F;7EI:7D75A>>75F;A@A83>>5A@FD35FG3>53E:8>AIE;EBDA434>7 5:3@97E;@5GDD7@F>K7EF;?3F7653E:8>AIE ;@5>G6;@9F:778875FA8BD7B3K?7@F3EEG?BF;A@E 3D7355AG@F768ADGE;@9F:7D7FDAEB75F;H7?7F:A6ADE75GD;F;7E F:3F3D7@AFA8:;9:5D76;FCG3>;FK8ADI:;5:5A>>75F;A@A83>>5A@FD35FG3>53E:8>AIE;E@AFBDA434>7 E;9@;8;53@F ;@5D73E7E;@53E:8>AI7EF;?3F7E3D7355AG@F768ADGE;@9F:7BDAEB75F;H7?7F:A6

'AAF:7DE;9@;8;53@F5:3@97E

A;@9A@57D@

-:7A?B3@KE?3@397?7@F6A7E@AF:3H7EG4EF3@F;3>6AG4F34AGF;FE34;>;FKFA5A@F;@G73E39A;@95A@57D@

,,8>7=2701*70.<*7-8;;.,=287<8/;;8;<

'A@7

$%%%$ # %#$ $ $&# !)

%$% $%%%$

><27.<<86+27*=287<*7-88-@255

'A@7

2<,87=27>.- 9.;*=287<

'A@7

7?.<=6.7=<

'A@7

%A3@ 435=76,75GD;F;7E

)D7B3K?7@F3EEG?BF;A@E8AD>A3@ 435=764A@6E3@6EFDG5FGD76E75GD;F;7E3D7A4F3;@768DA?F:;D6B3DFKH7@6ADE

3@6;@F7D@3>7EF;?3F7E-:7E73EEG?BF;A@E3D7D7H;7I768AD5A@E;EF7@5KI;F:F:75GDD7@F;@F7D7EFD3F73@6 75A@A?;57@H;DA@?7@F

-:7A?B3@K6;6@AFD75AD63@KAF:7D F:3@ F7?BAD3DK;?B3;D?7@FEQ(--"R6GD;@9F:7F:D77?A@F:E7@676 &3D5: G@67D,,)'A+N+7H;E76 %A3@ 435=763@6,FDG5FGD76,75GD;F;7EQ,,)+R D7EG>F;@98DA?7;F:7D3@;@F7@FFAE7>>ADF:7;@34;>;FKAD>35=A8;@F7@FFAD7F3;@F:7;@H7EF?7@F8AD3B7D;A6A8F;?7 EG88;5;7@FFAD75AH7DF:73?ADF;L765AEF43E;E

	-:7A?B3@K6;6@AFD75A9@;L73@K(--"3EA8&3D5: 3E3D7EG>FA83@7JB75F76E:ADF397A8
	6;E5AG@F768GFGD753E:8>AIEFAD75AH7DF:73?ADF;L765AEFA8F:7E75GD;FKA@5GDD7@F>K:7>6>A3@ 435=764A@6E
	EFDG5FGD76E75GD;F;7E3@647@78;5;3>;@F7D7EFE
	%A3@ 435=764A@6E EFDG5FGD76E75GD;F;7E3@647@78;5;3>;@F7D7EFEAI@763F&3D5: F:3F:3H7@AF477@
	;?B3;D76I;F:383;DH3>G7>AI7DF:3@3?ADF;L765AEF3D7EG??3D;L7647>AI4K>7@9F:A8F;?7F:3F;@6;H;6G3>
	E75GD;F;7E:3H7477@;@35A@F;@GAGE>AEEBAE;F;A@
	3	-:7399D793F73?AG@FA8G@D73>;L76>AEE7E
			%7EEF:3@&A@F:E
			&A@F:EAD%A@97D
	4	-:7399D793F7D7>3F7683;DH3>G7A8E75GD;F;7EI;F:G@D73>;L76>AEE7E
			%7EEF:3@&A@F:E
			&A@F:EAD%A@97D

-:7A?B3@KD79G>3D>K7H3>G3F7E;FE;@H7EF?7@FEI;F:G@D73>;L76>AEE7E8ADBAEE;4>7;?B3;D?7@F-:7 A?B3@KPE3EE7EE?7@FA8I:7F:7DG@D73>;L76>AEE7E3D7QAF:7D F:3@ F7?BAD3DKRD7CG;D7EE;9@;8;53@FG67;F:77JF7@FFAI:;5:83;DH3>G7;E>7EEF:3@F:75AEF43E;E;;F:7>7@9F:A8F;?7 F:3FF:783;DH3>G7:3E477@>7EEF:3@5AEF;;;I:7F:7DF:7G@D73>;L76>AEE;E7H7@F6D;H7@ 5D76;F 6D;H7@AD3 D7EG>FA85:3@97E;@?3D=7F;@F7D7EFD3F7EADD;E=BD7?;G?;HF:7@73D F7D?BDAEB75FE8ADEB75;8;57H7@FE 67H7>AB?7@FEAD5;D5G?EF3@57E>;=7>KFA38875FF:7H3>G7A8F:7;@H7EF?7@FHF:7;@H7EF?7@FPED3F;@93@6 I:7F:7DF:7;@H7EF?7@F;E;@H7EF?7@F 9D3673@6AD:3E477@6AI@9D3676E;@57;FEBGD5:3E7H;I:7F:7DF:7 ;EEG7D;E5GDD7@FA@3>>B3K?7@FE;@355AD63@57I;F:F:75A@FD35FG3>F7D?EA8F:7;@H7EF?7@F3@6;E7JB75F76FA ?77F3>>A8;FEA4>;93F;A@EG@67DF:7F7D?EA8F:7;@H7EF?7@FH;;I:7F:7DAD@AFF:7A?B3@K;@F7@6EFAD7F3;@ F:7;@H7EF?7@FG@F;>;FE3@F;5;B3F76D75AH7DKA55GDEH;;;I:7F:7D;F;E?AD7>;=7>KF:3@@AFF:3F5;D5G?EF3@57E I;>>D7CG;D7F:7A?B3@KFAE7>>F:7;@H7EF?7@F478AD7D75AH7DKA55GDE;JF:7G@67D>K;@95GDD7@F3@6 BDAEB75F;H73EE7F3@67@F7DBD;E7H3>G7EA8F:7;EEG7D3@6F:77JF7@FFAI:;5:F:7D75AH7D34;>;FKA8F:753DDK;@9 H3>G7A8F:7A?B3@KE;@H7EF?7@F?3K4738875F764K5:3@97E;@EG5:H3>G7EJBDA<75F;A@EA8 3@6 G@83HAD34>75:3@97E;@ 53E:8>AIEA@EFDG5FGD76E75GD;F;7E;@5>G6;@9?ADF9397 435=763@63EE7F 435=76 E75GD;F;7EJ;F:7A?B3@KE47EF7EF;?3F7A8F:7H3>G7A83@K5A>>3F7D3>3@6J;;AF:7DA4<75F;H73@6 EG4<75F;H7835FADE

$

'A@7

%

'AE;9@;8;53@F5:3@97E

& )

'A@7

*

'AE;9@;8;53@F5:3@97E

+ +7BADF;@9@F;FKPE,:3D7A83E:)AA>4KEE7F-KB7

-:7A?B3@K6;6@AF:3H73E:3D7;@3@K53E:BAA>E3EA8&3D5:

$%%%$ # %#$ $ $&# !)

%$% $%%%$

827='.7=>;.

'A@7

7?.<=6.7=7,86.

'AE;9@;8;53@F5:3@97E

.;2?*=2?.7<=;>6.7=<

'A@7

7,86.%*A.<

'AE;9@;8;53@F5:3@97E

7/8;6*=28787,.;7270!*;.7=$>+<2-2*;2.

'AE;9@;8;53@F5:3@97E

.+=

'A@7

#.=2;.6.7=!5*7<./.;;.-869.7<*=287!8<=.6958B6.7=.7./2=<*7-869.7<*=.-+<.7,.<*7- =1.; !8<=;.=2;.6.7=.7./2=!5*7<

'AE;9@;8;53@F5:3@97E

*92=*5*7-$>;95><$1*;.185-.;*<2#.8;0*72C*=287<

'AE;9@;8;53@F5:3@97E

2*+252=2.<87=270.7,2.<*7-<<.<<6.7=<

'AE;9@;8;53@F5:3@97E

>>(F:7DA@F;@97@5;7E

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

.*<.<

'AE;9@;8;53@F5:3@97E

7/8;6*=287+8>=27*7,2*57<=;>6.7=<(2=1 //*5*7,.$1..=#2<4*7-27*7,2*57<=;>6.7=<(2=187,.7=;*=287<8/;.-2=#2<4

'A@7