Athene : Fourth Quarter 2023 Statutory Financial Statement for Athene Annuity and Life Company

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¹͂̏ǻo͂ ɌȲ͂ŏ̐'ʄÒ͂

Current Year

Prior Year

1

2

3

4

Net Admitted Assets

Net Admitted

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Assets

1. Bonds (Schedule D)

.......... 75,192,880,228

...................................

.......... 75,192,880,228

.......... 56,759,865,421

2.1 Preferred stocks

1,135,317,529

...................................

1,135,317,529

375,053,478

2.2 Common stocks

730,176,366

...................................

730,176,366

616,449,012

3.

Mortgage loans on real estate (Schedule B):

3.1 First liens

35,582,200,210

...................................

35,582,200,210

20,143,906,517

3.2 Other than first liens

1,115,430,952

...................................

1,115,430,952

1,274,604,844

4.

Real estate (Schedule A):

4.1 Properties occupied by the company (less $

encumbrances)

...................................

...................................

...................................

...................................

4.2 Properties held for the production of income (less

$

...................................

encumbrances)

226,847,197

...................................

226,847,197

156,473,042

4.3 Properties held for sale (less $

encumbrances)

...................................

...................................

...................................

...................................

5.

Cash ($

............ 1,118,138,283 , Schedule E - Part 1), cash equivalents

($

6,094,862,424

, Schedule E - Part 2) and short-term

investments ($

1,135,370,070 , Schedule DA)

8,348,370,777

...................................

8,348,370,777

5,709,330,349

6.

Contract loans (including $

................................... premium notes)

146,735,953

978,925

145,757,028

152,680,860

7.

Derivatives (Schedule DB)

2,612,744,126

...................................

2,612,744,126

2,116,281,531

8.

Other invested assets (Schedule BA)

9,147,048,528

11,003,753

9,136,044,775

7,598,765,276

9.

Receivables for securities

116,364,634

...................................

116,364,634

73,768,248

10.

Securities lending reinvested collateral assets (Schedule DL)

...................................

...................................

...................................

...................................

11.

Aggregate write-ins for invested assets

648,531,324

...................................

648,531,324

726,764,185

12.

Subtotals, cash and invested assets (Lines 1 to 11)

135,002,647,822

11,982,678

134,990,665,144

95,703,942,763

13.

Title plants less $

charged off (for Title insurers

only)

...................................

...................................

...................................

...................................

14.

Investment income due and accrued

996,583,802

1,366,600

995,217,201

599,251,806

15.

Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of collection

...................................

...................................

...................................

...................................

15.2 Deferred premiums, agents' balances and installments booked but

...................................deferred and not yet due (including $

............................................................earned but unbilled premiums)

5,888,469

...................................

...................5,888,469

................... 6,175,613

...................................15.3 Accrued retrospective premiums ($

) and

contracts subject to redetermination ($

)

................................... ................................... ................................... ...................................

....................................................16.1 Amounts recoverable from reinsurers

................287,855,285

...................................

................287,855,285

................234,650,830

..........................16.2 Funds held by or deposited with reinsured companies

...................................

...................................

...................................

...................................

........................16.3 Other amounts receivable under reinsurance contracts

.......... 13,629,108,032

...................... 656,642

.......... 13,628,451,390

............ 7,625,284,237

17.

Amounts receivable relating to uninsured plans

...................................

...................................

...................................

...................................

18.1

Current federal and foreign income tax recoverable and interest thereon ....

...................................

...................................

...................................

...................................

18.2

Net deferred tax asset

................796,131,443

................421,016,757

................375,114,686

............... 110,681,608

19.

......................................................Guaranty funds receivable or on deposit

...................... 127,918

...................................

...................... 127,918

...................... 495,879

20.

.....................................Electronic data processing equipment and software

...................................

...................................

...................................

...................................

21.

Furniture and equipment, including health care delivery assets

($

)

...................................

...................................

...................................

...................................

22.

.........Net adjustment in assets and liabilities due to foreign exchange rates

...................................

...................................

...................................

...................................

23.

.....................................Receivables from parent, subsidiaries and affiliates

................... 9,035,835

...................................

................... 9,035,835

................127,521,179

24.

Health care ($

) and other amounts receivable

................. 30,052,621

................. 15,124,849

................. 14,927,771

................344,899,935

25.

Aggregate write-ins for other than invested assets

................. 14,067,866

................. 14,067,866

...................................

...................................

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

.........150,771,499,090

................464,215,392

.........150,307,283,698

.........104,752,903,849

27.

From Separate Accounts, Segregated Accounts and Protected Cell

Accounts

51,673,167,019

...................................

51,673,167,019

40,846,726,231

28.

Total (Lines 26 and 27)

202,444,666,109

464,215,392

201,980,450,717

145,599,630,080

DETAILS OF WRITE-INS

1101.

......................................................................Derivative Collateral Asset

................648,531,324

...................................

................648,531,324

................726,764,185

1102.

......................................................................................................................

....................................

....................................

....................................

....................................

1103.

......................................................................................................................

....................................

....................................

....................................

....................................

1198.

...................Summary of remaining write-ins for Line 11 from overflow page

...................................

...................................

...................................

...................................

1199.

Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)

648,531,324

648,531,324

726,764,185

2501.

Miscellaneous Assets

14,067,866

................. 14,067,866

...................................

...................................

2502.

...........................................................................................................................................................

....................................

....................................

....................................

2503.

...........................................................................................................................................................

....................................

....................................

....................................

2598.

...................Summary of remaining write-ins for Line 25 from overflow page

...................................

...................................

...................................

...................................

2599.

Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)

14,067,866

14,067,866

1

2

Current Year

Prior Year

1.

Aggregate reserve for life contracts $

.......... 93,270,505,426 (Exh. 5, Line 9999999) less $

included in Line 6.3 (including $

75,174,353,127 Modco Reserve)

..........................................................................

93,270,505,426

63,376,057,437

2.

Aggregate reserve for accident and health contracts (including $

806,785 Modco Reserve)

1,844,815

2,312,127

3.

Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $

.......... 22,051,679,240 Modco Reserve)

.......... 22,129,931,953

18,498,699,074

4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)

342,175,366

337,672,303

4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)

13,064

18,356

5.

Policyholders' dividends/refunds to members $

and coupons $

due

.................................................................................................................................................and unpaid (Exhibit 4, Line 10)

...................................

...................................

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 $

accident and health premiums (Exhibit 1,

Part 1, Col. 1, sum of lines 4 and 14)

...................................

...................................

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 $

assumed and $

.......... 14,447,090,401

ceded

14,447,090,401

8,315,490,609

9.4 Interest maintenance reserve (IMR, Line 6)

168,053,250

184,929,029

10.

Commissions to agents due or accrued-life and annuity contracts $

25,913,556

accident and health

$

................................... and deposit-type contract funds $

...................................................

................. 25,913,556

16,497,125

11.

Commissions and expense allowances payable on reinsurance assumed

7,382,476

3,051,680

12.

General expenses due or accrued (Exhibit 2, Line 12, Col. 7)

..................................................................................................

22,527,909

18,484,142

13.

Transfers to Separate Accounts due or accrued (net) (including $

(547)

accrued for expense

allowances recognized in reserves, net of reinsured allowances)

5,831,625,548

3,391,683,045

14.

Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)

......................................

4,528,680

1,974,602

15.1

Current federal and foreign income taxes, including $

on realized capital gains (losses)

50,668,597

21,606,612

15.2

Net deferred tax liability

...................................

...................................

16.

Unearned investment income

18,620,969

8,701,702

17.

Amounts withheld or retained by reporting entity as agent or trustee

3,989,145

2,650,626

18.

...................Amounts held for agents' account, including $

6,292,957

.........................................agents' credit balances

................... 6,292,957

................... 3,111,150

19.

........................................................................................................................................Remittances and items not allocated

............... 594,090,654

................326,710,586

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 (AVR, Line 16, Col. 7)

2,637,816,304

1,746,597,076

24.02 Reinsurance in unauthorized and certified ($

) companies

...................................

...................................

24.03 Funds held under reinsurance treaties with unauthorized and certified ($

) reinsurers

1,218,093,529

1,247,874,689

..................................................................................................................24.04 Payable to parent, subsidiaries and affiliates

................. 44,759,577

................. 47,234,642

...........................................................................................................................................................24.05 Drafts outstanding

...................................

...................................

............................................................................................................24.06 Liability for amounts held under uninsured plans

...................................

...................................

24.07 Funds held under coinsurance

...................................

...................................

24.08 Derivatives

788,675,150

769,982,293

......................................................................................................................................................24.09 Payable for securities

............... 109,808,455

................. 31,587,313

..........................................................................................................................................24.10 Payable for securities lending

...................................

...................................

24.11 Capital notes $

and interest thereon $

...................................

........................................

...................................

...................................

25.

................................................................................................................................................Aggregate write-ins for liabilities

6,721,123,866

5,212,042,483

26.

.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)

148,445,531,648

103,564,968,701

27.

.........................................................................................................................................From Separate Accounts Statement

.......... 50,659,039,812

.......... 39,967,399,995

28.

Total liabilities (Lines 26 and 27)

199,104,571,460

143,532,368,695

29.

...............................................................................................................................................................Common capital stock

................. 10,000,000

................. 10,000,000

30.

...............................................................................................................................................................Preferred capital stock

...................................

...................................

31.

...........................................................................................................Aggregate write-ins for other than special surplus funds

...................................

...................................

32.

.............................................................................................................................................................................Surplus notes

...................................

...................................

33.

Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)

4,654,377,537

3,090,453,196

34.

Aggregate write-ins for special surplus funds

............................................................................................................................

...................................

...................................

35.

.......................................................................................................................................................Unassigned funds (surplus)

.......... (1,788,498,280)

.......... (1,033,191,811)

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 $

........1,014,127,207 in Separate Accounts Statement)

2,865,879,257

2,057,261,385

38.

......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)

2,875,879,257

2,067,261,385

39.

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

201,980,450,717

145,599,630,080

DETAILS OF WRITE-INS

2501.

Derivative and Other Collateral Liability

........................................................................................................................................

3,297,800,206

............ 1,528,330,498

2502.

Repurchase Agreement Liability

2,347,935,350

............ 3,216,199,100

2503.

Separate Account Derivative Liability

734,948,624

218,235,516

2598.

..............................................................................................Summary of remaining write-ins for Line 25 from overflow page

................340,439,686

................249,277,369

2599.

Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)

6,721,123,866

5,212,042,483

3101.

.....................................................................................................................................................................................................................................

...................................

3102

....................................

3103

....................................

3198.

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

...................................

...................................

3199.

Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)

3401.

.....................................................................................................................................................................................................................................

...................................

1

2

Current Year

Prior Year

Col. 8)

............ 9,263,263,955

............ 5,705,889,974

2.

Considerations for supplementary contracts with life contingencies

...................4,616,416

................... 9,329,316

3.

Net investment income (Exhibit of Net Investment Income, Line 17)

............ 4,324,161,200

............ 2,769,976,528

4.

Amortization of Interest Maintenance Reserve (IMR, Line 5)

................. 18,879,884

................. 22,539,703

5.

Separate Accounts net gain from operations excluding unrealized gains or losses

................237,746,176

................(48,169,660)

6.

Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)

............ 1,765,226,095

............ 1,228,334,491

7.

Reserve adjustments on reinsurance ceded

.......... 21,303,194,524

.......... 10,775,089,991

8.1 Income from fees associated with investment management, administration and contract guarantees from Separate

Accounts

23,272,134

19,763,044

8.2 Charges and fees for deposit-type contracts

...................................

...................................

8.3 Aggregate write-ins for miscellaneous income

615,486

(31,283,659)

9.

Total (Lines 1 to 8.3)

36,940,975,870

20,451,469,728

10.

Death benefits

...................1,248,585

................... 3,255,304

11.

Matured endowments (excluding guaranteed annual pure endowments)

...................................

...................................

12.

Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)

............... 906,885,811

................706,918,237

13.

Disability benefits and benefits under accident and health contracts

...................... 280,542

.......................376,058

14.

Coupons, guaranteed annual pure endowments and similar benefits

...................................

...................................

15.

Surrender benefits and withdrawals for life contracts

............ 1,196,466,860

................807,316,560

16.

Group conversions

...................................

...................................

17.

Interest and adjustments on contract or deposit-type contract funds

................732,876,412

................347,596,992

18.

Payments on supplementary contracts with life contingencies

................... 7,898,147

................... 7,899,988

19.

Increase in aggregate reserves for life and accident and health contracts

29,893,980,676

15,933,994,815

20.

Totals (Lines 10 to 19)

32,739,637,034

...........17,807,357,954

2, Line 31, Col. 1)

............ 1,478,737,085

............ 1,028,979,527

22.

Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)

..................39,273,973

................. 11,861,839

23.

General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)

................556,742,464

............... 465,964,129

24.

Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)

................. 41,516,730

................. 22,492,033

25.

Increase in loading on deferred and uncollected premiums

...................................

26.

Net transfers to or (from) Separate Accounts net of reinsurance

............ 1,803,356,287

............ 1,736,440,418

27.

Aggregate write-ins for deductions

72,961,981

(21,226,977)

28.

Totals (Lines 20 to 27)

36,732,225,555

21,051,868,923

Line 28)

................208,750,315

(600,399,194)

30.

Dividends to policyholders and refunds to members

49

363

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29

minus Line 30)

................208,750,267

(600,399,557)

32.

Federal and foreign income taxes incurred (excluding tax on capital gains)

369,756,599

123,846,286

realized capital gains or (losses) (Line 31 minus Line 32)

(161,006,333)

(724,245,843)

34.

Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of

$

(1,431,950) (excluding taxes of $

......................................(658,801) transferred to the IMR)

(48,327,905)

486,128,264

35.

Net income (Line 33 plus Line 34)

(209,334,237)

..............(238,117,579)

CAPITAL AND SURPLUS ACCOUNT

36.

...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)

2,067,261,385

1,278,851,700

37.

Net income (Line 35)

(209,334,237)

..............(238,117,579)

38.

............Change in net unrealized capital gains (losses) less capital gains tax of $

178,648,888

................756,713,592

..............(118,739,151)

39.

Change in net unrealized foreign exchange capital gain (loss)

................(20,801,965)

................(39,118,672)

40.

...........................................................................................................................................Change in net deferred income tax

............... 622,101,616

................. 88,470,947

41.

..................................................................................................................................................Change in nonadmitted assets

..............(188,420,833)

.............. (133,963,768)

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

..............(891,219,228)

..............(432,642,837)

45.

..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)

...................................

...................................

46.

..............................................................................Surplus (contributed to) withdrawn from Separate Accounts during period

..............(115,397,821)

................. 21,594,444

47.

......................................................................................................Other changes in surplus in Separate Accounts Statement

..............(102,945,206)

................. 70,865,505

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

............ 1,563,924,342

............ 1,399,148,022

.............................................................................................................................51.2 Transferred to capital (Stock Dividend)

...................................

...................................

....................................................................................................................................................51.3 Transferred from capital

...................................

...................................

51.4 Change in surplus as a result of reinsurance

..............(555,567,979)

................170,737,886

52.

.........................................................................................................................................................Dividends to stockholders

...................................

...................................

53.

..................................................................................................................Aggregate write-ins for gains and losses in surplus

(50,434,408)

174,889

54.

Net change in capital and surplus for the year (Lines 37 through 53)

808,617,872

788,409,685

55.

Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)

2,875,879,257

2,067,261,385

DETAILS OF WRITE-INS

08.301. COLI Income (Expense)

1,300,805

................(33,395,055)

08.302. Miscellaneous Income

(685,319)

................... 2,111,396

08.303.

........................................................................................................................................................................................................................................

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

.............................................................................................

...................................

...................................

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)

615,486

(31,283,659)

2701.

Funds Withheld Adjustment - Ceded

65,971,158

................. 63,483,441

2702.

Transfer to IMR - MVA Benefits

18,166,265

................... 7,207,745

2703.

Transfer to IMR - Ceded

(13,683,813)

................(93,274,665)

2798.

..............................................................................................Summary of remaining write-ins for Line 27 from overflow page

................... 2,508,370

................... 1,356,501

2799.

Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)

72,961,981

(21,226,977)

5301.

Correction of Prior Period Error

(50,391,929)

...................................

5302.

...............................................................................................................................................................Athene Re IV Tax Sharing Agreement

(42,479)

...................... 174,889

5303

....................................

5398.

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

...................................

...................................

5399.

Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)

(50,434,408)

174,889

1

2

Current Year

Prior Year

Cash from Operations

1.

Premiums collected net of reinsurance

............ 9,268,226,931

............ 5,715,644,707

2.

Net investment income

............ 3,789,743,969

............ 2,569,701,192

3.

Miscellaneous income

1,814,074,125

1,242,944,211

4.

Total (Lines 1 through 3)

14,872,045,025

9,528,290,110

5.

Benefit and loss related payments

.........(17,971,499,610)

.......... (8,654,843,551)

6.

.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts

..............(636,586,215)

................760,341,386

7.

Commissions, expenses paid and aggregate write-ins for deductions

............ 2,049,878,037

............ 1,508,232,648

8.

Dividends paid to policyholders

............................... 49

............................. 363

9.

Federal and foreign income taxes paid (recovered) net of $

33,937,997 tax on capital gains (losses)

391,847,716

255,313,264

10.

Total (Lines 5 through 9)

(16,166,360,024)

(6,130,955,890)

11.

Net cash from operations (Line 4 minus Line 10)

31,038,405,049

15,659,246,001

12.1

Bonds

.......... 10,369,472,939

............ 9,634,631,546

12.2

Stocks

................. 97,076,782

................167,033,803

12.3

Mortgage loans

............ 2,829,978,554

............ 2,183,867,900

12.4

Real estate

...................................

...................................

12.5

Other invested assets

............ 1,146,228,553

............ 1,438,666,199

12.6

Net gains or (losses) on cash, cash equivalents and short-term investments

................(26,953,909)

................(24,013,567)

12.7

Miscellaneous proceeds

151,945,716

100,703,374

12.8 Total investment proceeds (Lines 12.1 to 12.7)

.......... 14,567,748,635

.......... 13,500,889,255

13. Cost of investments acquired (long-term only):

13.1

Bonds

.......... 27,632,965,631

.......... 19,855,809,057

13.2

Stocks

................958,434,258

................260,315,113

13.3

Mortgage loans

.......... 17,898,682,359

............ 9,446,854,398

13.4

Real estate

...................................

...................................

13.5

Other invested assets

............ 2,059,254,167

............ 3,303,780,679

13.6

Miscellaneous applications

363,693,988

1,122,447,684

13.7

Total investments acquired (Lines 13.1 to 13.6)

48,913,030,402

33,989,206,931

14. Net increase/(decrease) in contract loans and premium notes

(6,855,616)

23,377,329

15.

Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)

(34,338,426,151)

(20,511,695,005)

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

................310,471,493

................668,433,498

.................................................................................................................................................................16.3 Borrowed funds

...................................

...................................

..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities

............ 3,631,232,879

............ 5,753,984,328

.................................................................................................................................................16.5 Dividends to stockholders

...................................

...................................

...........................................................................................................................................16.6 Other cash provided (applied)

1,997,357,158

(850,910,186)

17.

Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)

5,939,061,530

5,571,507,639

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)

2,639,040,428

719,058,635

19.

Cash, cash equivalents and short-term investments:

...............................................................................................................................................................19.1 Beginning of year

............ 5,709,330,349

............ 4,990,271,715

19.2 End of year (Line 18 plus Line 19.1)

8,348,370,777

5,709,330,349

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

20.0001. Capital contribution - non-cash(financing)

............ 1,294,713,657

................781,743,268

20.0002. Capital contribution - non-cash(investing)

.......... (1,282,880,853)

..............(781,743,268)

20.0003. Capital contribution - non-cash(operating)

................(11,832,804)

...................................

20.0004. Capital contribution of stock compensation expense (financing)

................. 47,603,217

................. 23,853,573

.....................................................................................20.0005. Capital contribution of stock compensation expense (investing)

.....................(408,132)

.....................(609,521)

20.0006. Capital contribution of stock compensation expense (operating)

................(47,195,085)

................(23,244,052)

20.0007. Security exchanges and asset in kind trades - bond proceeds (investing)

............ 2,749,464,808

............ 4,173,128,312

20.0008. Security exchanges and asset in kind trades - bonds acquired (investing)

.......... (2,749,464,808)

...........(3,150,931,395)

20.0009. Reinsurance activity settled in bonds (operating)

................237,914,167

................. 86,129,425

...........................................................................................................20.0010. Reinsurance activity settled in bonds (investing)

..............(237,914,167)

................(86,129,425)

...................................................................................................................................20.0011. Interest capitalization (operating)

................. 54,122,097

................... 9,316,118

...................................................................................................................................20.0012. Interest capitalization (investing)

................(54,122,097)

................. (9,316,118)

....................................................................20.0013. Asset transfer mortgages to other invested assets - proceeds (investing)

................... 2,365,068

...................... 959,059

20.0014. Asset transfer mortgages to other invested assets - acquired (investing)

................. (2,365,068)

.....................(959,059)

20.0015. Asset transfer bonds to other invested assets - proceeds (investing)

...................2,619,000

...................................

20.0016. Asset transfer bonds to other invested assets - acquired (investing)

................. (2,619,000)

...................................

20.0017. Asset Transfer Bonds to Mortgages - net investment income (operating)

................. (1,280,423)

...................................

20.0018. Asset Transfer Bonds to Mortgages - proceeds (investing)

..............(139,493,842)

...................................

20.0019. Asset Transfer Bonds to Mortgages - acquired (investing)

................132,014,656

...................................

20.0020. Asset Transfer Bonds to Mortgages - suspense (financing)

................... 8,759,608

...................................

20.0021. Security exchanges and asset in kind trades - other invested asset acquired (investing)

................. (7,922,954)

...........(5,673,883,419)

20.0022. Security exchanges and asset in kind trades - other invested asset proceeds (investing)

................... 7,922,954

............ 5,016,243,229

20.0023. Security exchanges and asset in kind trades - stocks acquired (investing)

................(24,002,408)

................. (6,805,556)

20.0024. Security exchanges and asset in kind trades - stock proceeds (investing)

................. 24,002,408

................103,978,809

20.0025. Asset transfer mortgages to real estate - proceeds (investing)

................. 74,200,000

................147,084,500

20.0026. Asset transfer mortgages to real estate - acquired (investing)

................(74,200,000)

..............(147,084,500)

20.0027. Security exchanges and asset in kind trades - mortgages acquired (investing)

...................................

..............(461,729,981)

20.0028. Asset transfer bonds to stocks - proceeds (investing)

...................................

................183,160,090

20.0029. Asset transfer bonds to stocks - acquired (investing)

...................................

..............(183,160,090)

20.0030. Asset transfer stocks to bonds - proceeds (investing)

...................................

................. 33,810,419

20.0031. Asset transfer stocks to bonds - acquired (investing)

...................................

................(33,810,419)

1

2

3

4

5

6

7

8

9

Other Lines of

YRT Mortality

Total

Individual Life

Group Life

Individual Annuities

Group Annuities

Accident and Health

Fraternal

Business

Risk Only

1.

Premiums and annuity considerations for life and accident and health contracts

9,263,263,955

37,085

222,853

7,235,798,681

2,027,071,021

134,315

...................................

...................................

...................................

2.

Considerations for supplementary contracts with life contingencies

4,616,416

...............XXX

...............XXX

4,616,416

...................................

...............XXX

...............XXX

...................................

...............XXX

3.

Net investment income

..............4,324,161,201

.................. 67,524,279

.................... 1,156,852

..............4,209,481,769

.................. 45,896,204

....................... 102,097

...................................

...................................

...................................

4.

Amortization of Interest Maintenance Reserve (IMR)

.................. 18,879,883

...................18,392,154

....................... 487,730

...................................

...................................

...................................

...................................

...................................

...................................

5.

Separate Accounts net gain from operations excluding unrealized gains or losses

...............XXX

.................237,746,176

...................................

...................................

.................205,378,398

.................. 32,367,779

...................................

...................................

...................................

6.

Commissions and expense allowances on reinsurance ceded

..............1,765,226,095

.................... 6,895,142

.........................33,787

..............1,758,315,569

....................... 408,716

......................(427,118)

...............XXX

...................................

...................................

7.

Reserve adjustments on reinsurance ceded

21,303,194,524

(4,529,118)

(1,412,711)

21,465,587,781

(156,221,492)

(229,936)

...............XXX

...................................

...................................

8.1 Income from fees associated with investment management, administration and

contract guarantees from Separate Accounts

.................. 23,272,134

...................................

...................................

.................... 2,272,050

.................. 21,000,084

...................................

...............XXX

...................................

...................................

...............XXX

8.2 Charges and fees for deposit-type contracts

...................................

...................................

...................................

...................................

...................................

...............XXX

...................................

...................................

8.3 Aggregate write-ins for miscellaneous income

615,486

601,424

14,062

9.

Totals (Lines 1 to 8.3)

36,940,975,870

69,927,388

781

34,900,444,239

1,971,024,103

(420,642)

10.

Death benefits

....................1,248,585

....................... 937,468

........................311,117

...................................

...................................

...............XXX

...............XXX

...................................

...................................

11.

Matured endowments (excluding guaranteed annual pure endowments)

...................................

...................................

...................................

...................................

...................................

...............XXX

...............XXX

...................................

...................................

12.

Annuity benefits

...............XXX

...............XXX

...............XXX

...............XXX

...............XXX

.................906,885,811

.................225,637,096

.................681,248,715

...................................

13.

Disability benefits and benefits under accident and health contracts

.......................

273,587

...............XXX

....................... 280,542

...........................4,923

...........................2,032

...................................

...................................

...................................

...................................

14.

Coupons, guaranteed annual pure endowments and similar benefits

...................................

...................................

...................................

...................................

...................................

...................................

...............XXX

...................................

...................................

15.

Surrender benefits and withdrawals for life contracts

1,196,466,860

157,258

193,788

1,149,404,848

46,710,965

...............XXX

...............XXX

...................................

...................................

16.

Group conversions

...................................

...................................

...................................

...................................

...................................

...................................

...............XXX

...................................

...................................

17.

Interest and adjustments on contract or deposit-type contract funds

...............XXX

.................732,876,412

..............................796

...................................

.................733,313,078

......................(437,462)

...................................

...................................

...................................

18.

Payments on supplementary contracts with life contingencies

...............XXX

...............XXX

.................... 7,898,147

...................................

...................................

.................... 7,898,147

...................................

...................................

...................................

19.

Increase in aggregate reserves for life and accident and health contracts

29,893,980,676

(3,037,453)

(1,124,611)

30,042,912,327

(144,302,275)

(467,312)

XXX

20.

Totals (Lines 10 to 19)

32,739,637,034

(1,937,008)

(617,674)

32,159,165,497

583,219,943

......................

(193,725)

...............XXX

...................................

...................................

21.

Commissions on premiums, annuity considerations and deposit-type contract funds

(direct business only)

............. 1,478,737,085

.................... 1,327,613

.........................39,855

..............1,476,895,334

....................... 464,542

...........................

9,741

...................................

...................................

...............XXX

22.

Commissions and expense allowances on reinsurance assumed

...................39,273,973

....................... 341,626

...................................

.................. 38,932,347

...................................

...................................

...............XXX

...................................

...................................

23.

General insurance expenses and fraternal expenses

556,742,464

(206)

...................................

549,326,270

7,416,400

...................................

...................................

...................................

...................................

24.

Insurance taxes, licenses and fees, excluding federal income taxes

...................41,516,730

......................(162,521)

....................... 285,718

...................40,742,119

....................... 651,414

...................................

...................................

...................................

...................................

25.

Increase in loading on deferred and uncollected premiums

...............XXX

...................................

...................................

...................................

...................................

...................................

...................................

...................................

...................................

26.

Net transfers to or (from) Separate Accounts net of reinsurance

...............XXX

............. 1,803,356,287

...................................

...................................

.................453,264,094

..............1,350,092,193

...................................

...................................

...................................

27.

Aggregate write-ins for deductions

72,961,981

65,971,458

7,599,485

(608,963)

28.

Totals (Lines 20 to 27)

36,732,225,555

65,540,962

(292,101)

34,725,925,146

1,941,235,531

(183,984)

29.

Net gain from operations before dividends to policyholders, refunds to members and

federal income taxes (Line 9 minus Line 28)

208,750,315

4,386,426

292,882

174,519,093

29,788,573

......................

(236,659)

...................................

...................................

...................................

30.

Dividends to policyholders and refunds to members

49

49

XXX

31.

Net gain from operations after dividends to policyholders, refunds to members and

before federal income taxes (Line 29 minus Line 30)

208,750,266

4,386,377

292,882

174,519,093

29,788,573

......................

(236,659)

...................................

...................................

...................................

32.

Federal income taxes incurred (excluding tax on capital gains)

369,756,599

5,296,302

375,703

349,180,935

14,938,694

(35,034)

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)

(161,006,333)

(909,925)

(82,821)

(174,661,842)

14,849,878

(201,624)

34.

Policies/certificates in force end of year

1,529,751

94,935

142

849,168

584,714

792

XXX

DETAILS OF WRITE-INS

08.301. COLI Income

.................... 1,300,805

...................................

...................................

.................... 1,286,743

.........................14,062

...................................

...................................

...................................

...................................

..............................................................................................08.302. Miscellaneous Income

......................(685,319)

...................................

...................................

......................(685,319)

...................................

...................................

...................................

...................................

...................................

08.303

................................................................................................................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

...................................

...................................

...................................

...................................

...................................

...................................

...................................

...................................

...................................

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)

615,486

601,424

14,062

2701.

Funds Withheld Adjustment - Ceded

...................65,971,158

...................65,971,158

...................................

...................................

...................................

...................................

...................................

...................................

...................................

2702.

Transfer to IMR - MVA Benefits

17,713,539

452,726

.................. 18,166,265

...................................

...................................

...................................

...................................

...................................

...................................

2703.

Transfer to IMR - Ceded

.................(13,683,813)

...................................

...................................

.................(12,734,131)

......................(949,682)

...................................

...................................

...................................

...................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

....................2,508,370

..............................300

...................................

.................... 2,620,077

......................(112,007)

...................................

...................................

...................................

...................................

2799.

Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)

72,961,981

65,971,458

7,599,485

(608,963)

1

2

3

4

5

6

7

8

9

10

11

12

Universal Life

With Secondary

Variable

Credit Life

Other Individual

YRT Mortality

Total

Industrial Life

Whole Life

Term Life

Indexed Life

Universal Life

Guarantees

Variable Life

Universal Life

(c)

Life

Risk Only

1.

Premiums for life contracts (a)

.................. 37,085

...........................

.......................253

...........................

...........................

.................. 36,832

...........................

...........................

...........................

...........................

...........................

...........................

2.

Considerations for supplementary contracts with life contingencies

...........XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

3.

Net investment income

.............67,524,279

...........................

.............65,612,924

........................

70

...........................

..............1,911,285

...........................

...........................

...........................

...........................

...........................

...........................

4.

Amortization of Interest Maintenance Reserve (IMR)

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

losses

...........................

........................... ........................... ........................... ........................... ........................... ........................... ........................... ........................... ........................... ........................... ...........................

6.

Commissions and expense allowances on reinsurance ceded

.............. 6,895,142

...........................

..............4,742,397

.................175,014

.............. 1,710,586

.................267,145

...........................

...........................

...........................

...........................

...........................

...........................

7.

Reserve adjustments on reinsurance ceded

............ (4,529,118)

...........................

...........................

...........................

...........................

............ (4,529,118)

...........................

...........................

...........................

...........................

...........................

...........................

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.

Totals (Lines 1 to 8.3)

69,927,388

70,355,573

175,085

1,710,586

(2,313,855)

10.

Death benefits

.................937,468

...........................

.................. (3,487)

...........................

...........................

.................940,955

...........................

...........................

...........................

...........................

...........................

...........................

11.

Matured endowments (excluding guaranteed annual pure endowments)

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

12.

Annuity benefits

...........XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

13.

Disability benefits and benefits under accident and health contracts

....................4,923

...........................

...........................

...........................

...........................

....................4,923

...........................

...........................

...........................

...........................

...........................

...........................

14.

Coupons, guaranteed annual pure endowments and similar benefits

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

15.

Surrender benefits and withdrawals for life contracts

................. 157,258

...........................

.................. 10,744

...........................

...........................

.................146,514

...........................

...........................

...........................

...........................

...........................

...........................

16.

Group conversions

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

17.

Interest and adjustments on contract or deposit-type contract funds

.......................796

...........................

.......................796

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

18.

Payments on supplementary contracts with life contingencies

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

19.

Increase in aggregate reserves for life and accident and health contracts ...

(3,037,453)

(3,037,453)

20.

Totals (Lines 10 to 19)

............ (1,937,008)

...........................

....................8,053

...........................

...........................

............ (1,945,061)

...........................

...........................

...........................

...........................

...........................

...........................

contract funds (direct business only)

1,327,613

.................584,171

55,264

233,122

455,056

...........................

........................... ........................... ........................... ........................... ...........XXX

22.

Commissions and expense allowances on reinsurance assumed

................. 228,862

89,728

.................. 23,036

...........................

...........................

...........................

...........................

...........................

341,626

...........................

23.

General insurance expenses

..................... (206)

...........................

....................8,587

.......................198

.......................789

.................. (9,780)

...........................

...........................

...........................

...........................

...........................

...........................

24.

Insurance taxes, licenses and fees, excluding federal income taxes

................(162,521)

...........................

............... (160,367)

.................(37,626)

............... (195,591)

231,064

...........................

...........................

...........................

...........................

...........................

...........................

25.

Increase in loading on deferred and uncollected premiums

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

...........................

26.

Net transfers to or (from) Separate Accounts net of reinsurance

...........................

...........................

...........................

27.

Aggregate write-insfor deductions

65,971,458

65,612,936

70

358,452

28.

Totals (Lines 20 to 27)

65,540,962

66,282,243

107,634

38,319

(887,233)

29.

Net gain from operations before dividends to policyholders, refunds to

..............4,073,331

...........................

...........................

...........................

...........................

...........................

members and federal income taxes (Line 9 minus Line 28)

.............. 4,386,426

...........................

.................. 67,451

.............. 1,672,267

.............(1,426,622)

...........................

30.

Dividends to policyholders and refunds to members

49

36

12

31.

Net gain from operations after dividends to policyholders, refunds to

..............4,073,294

...........................

...........................

...........................

...........................

...........................

members and before federal income taxes (Line 29 minus Line 30)

..............4,386,377

...........................

.................. 67,438

.............. 1,672,267

.............(1,426,622)

...........................

32.

Federal income taxes incurred (excluding tax on capital gains)

5,296,302

4,918,272

81,428

2,019,168

(1,722,566)

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)

(909,925)

(844,978)

(13,990)

(346,901)

295,943

34.

Policies/certificates in force end of year

94,935

69,115

2,794

12,057

10,969

DETAILS OF WRITE-INS

.08.301

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