Cno Financial Group, Inc.NYSE: CNO

First Quarter 2026 Bankers Life and Casualty Company

May 14, 2026 at 6:48 PM UTC · Issued by Cno Financial Group, Inc.

Watch Cno Financial explain itCNO Financial Group, Inc. (CNO) Q2 2026 Earnings Call · Replay · Jul 31

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LIFE, ACCIDENT AND HEALTH COMPANIES/FRATERNAL BENEFIT SOCIETIES - ASSOCIATION EDITION

QUARTERLY STATEMENT

AS OF MARCH 31, 2026

OF THE CONDITION AND AFFAIRS OF THE

Bankers Life and Casualty Company

NAIC Group Code 0233 0233 NAIC Company Code 61263 Employer's ID Number 36-0770740 (Current) (Prior)

Organized under the Laws of , State of Domicile or Port of Entry lL

Country of Domicile United States of America

Licensed as business type: Life, Accident and Health [ X ] Fraternal Benefit Societies ]

Incorporated/Organized 04/06/1880

Commenced Business

01/17/1879

Statutory Home Office

303 East Wacker Drive, Sth Floor (Street and Number)

Chicaqo IL, US 60601 (City or Town, State, Country and Zip Code)

Main Administrative Office

303 East Wacker Drive, Sth Floor

(Street and Number)

Chicago, IL, US 60601 312-396-6000

(City or Town, State, Country and Zip Code) (Area Code) (Telephone Number)

Mail Address

303 East Wacker Drive, Sth Floor (Street and Number or P.O. Box)

Chicago, IL, US 60601 (City or Town, State, Country and Zip Code)

Primary Location of Books and Records

303 East Wacker Drive, Sth Floor (Street and Number)

Chicaqo, IL, US 60601 312-396-6000

(City or Town, State, Country and Zip Code) (Area Code) (Telephone Number)

Internet Website Address https://www.bankersIife.com

Statutory Statement Contact

Shelly Ann Hitch (Name)

317-817-6485

(Area Code) (Telephone Number)

Shelly.Hitch@CNOinc.com (E-mail Address)

317-817-2115

(FAX Number)

President Secretary

OFFICERS

Scott Louis Goldberq

Rachel Johanna Speller

OTHER

Treasurer Actuary

Brian Thomas Schneider

Sivakumar Desai

Yvonne Kay Franzese, Executive Vice President Jeremy David Williams, Executive Vice President Joel Thomas Koehneman, Senior Vice President Kirk Allen Anderson, Vice President

Karen Jeannine DeToro

Paul Harrinqton McDonouqh

Eric Ronald Johnson, Executive Vice President Matthew Joseph Zimpfer Executive Vice President Nathan Ellis Richardson Senior Vice President

DIRECTORS OR TRUSTEES

Scott Louis Goldberg Greqory Dean Turner

Paul Harrington McDonouqh, Executive Vice President Kent Aron Dinius, Senior Vice President

Greqory Dean Turner, Senior Vice President

Joel Thomas Koehneman

Jeremy David Williams

State of County of

Indiana

Hamilton

The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differ ces ue to electronic filinp) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the en sed statement.

Scott Louis Goldberg President

Rachel Johanna Spehler Secretary

Kirk Allen Anderson

Vice President, Business Controller

Subscribed and sworn to before me this

7th day of May 2026

I ''-

CHERYL L VIECELI

Notary Public

Hamilton County - State of Indiana Commission Number HP0766627

My Commission Expires Oct 20, 2033

hery iece i

Notary Public, State of Indiana, Hamilton County My Commission Expires October 20, 2033

Is this an original filing?
If no,
1. State the amendment number........
2. Date filed .......................................
3. Number of pages attached............

Yes [ X ] No [

ASSETS

	Current Statement Date			4 December 31 Prior Year Net Admitted Assets
	1 Assets	2 Nonadmitted Assets	3 Net Admitted Assets (Cols. 1 - 2)	4 December 31 Prior Year Net Admitted Assets
Bonds ............................................................................................................. Stocks: Preferred stocks ....................................................................................... Common stocks ....................................................................................... Mortgage loans on real estate: First liens .................................................................................................. Other than first liens.................................................................................. Real estate: Properties occupied by the company (less $ ................................... encumbrances) ....................................................................................... Properties held for the production of income (less $ ................................... encumbrances) ....................................... Properties held for sale (less $ ................................... encumbrances) ....................................................................................... Cash ($ ................398,262,527 ), cash equivalents ($ ................151,613,407 ) and short-term investments ($ ................. 25,681,655 ) ................................................. Contract loans (including $ ................................... premium notes) ...... Derivatives ..................................................................................................... Other invested assets .................................................................................... Receivables for securities .............................................................................. Securities lending reinvested collateral assets .............................................. Aggregate write-ins for invested assets ......................................................... Subtotals, cash and invested assets (Lines 1 to 11) ..................................... Title plants less $ charged off (for Title insurers only) .............................................................................................................. Investment income due and accrued ............................................................. Premiums and considerations: Uncollected premiums and agents' balances in the course of collection Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $ ................................... earned but unbilled premiums) ............................................................ Accrued retrospective premiums ($ ) and contracts subject to redetermination ($ ................................... ) ....... Reinsurance: Amounts recoverable from reinsurers .................................................... Funds held by or deposited with reinsured companies .......................... Other amounts receivable under reinsurance contracts ........................ Amounts receivable relating to uninsured plans ............................................ Current federal and foreign income tax recoverable and interest thereon .... Net deferred tax asset ................................................................................... Guaranty funds receivable or on deposit ...................................................... Electronic data processing equipment and software ..................................... Furniture and equipment, including health care delivery assets ($ ................................... ) ................................................................ Net adjustment in assets and liabilities due to foreign exchange rates ......... Receivables from parent, subsidiaries and affiliates ..................................... Health care ($ ................................... ) and other amounts receivable ...... Aggregate write-ins for other than invested assets ........................................ Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) ..................................................... From Separate Accounts, Segregated Accounts and Protected Cell Accounts ...................................................................................................... Total (Lines 26 and 27)	. 19,351,115,279	...................................	. 19,351,115,279	. 19,109,714,081
	. 137,089,126	...................................	. 137,089,126	. 189,255,850
	. 1,779,297,620	...................................	. 1,779,297,620	. 1,707,313,725
	. 1,672,410,054	...................................	. 1,672,410,054	. 1,604,600,839
	...................................	...................................	...................................	...................................
	...................................	...................................	...................................	...................................
	...................................	...................................	...................................	...................................
	...................................	...................................	...................................	...................................
	. 575,557,589	...................................	. 575,557,589	. 238,228,251
	. 93,641,776	. 6,959	. 93,634,817	. 92,809,977
	. 193,731,090	...................................	. 193,731,090	. 320,893,278
	. 829,480,668	. 1,659	. 829,479,009	. 835,401,328
	. 17,872,485	...................................	. 17,872,485	. 15,200,753
	...................................	...................................	...................................	...................................
	. 116,806,154	...................................	. 116,806,154	. 117,281,541
	. 24,767,001,842	. 8,618	. 24,766,993,224	. 24,230,699,622
	...................................	...................................	...................................	...................................
	. 190,207,188	...................................	. 190,207,188	. 193,330,532
	. 4,375,258	. 321,332	. 4,053,926	. 4,046,930
	. 71,825,190	...................................	. 71,825,190	. 71,603,421
	...................................	...................................	...................................	...................................
	. 1,617,181	...................................	. 1,617,181	. 3,196,981
	...................................	...................................	...................................	...................................
	. 22,698,710	...................................	. 22,698,710	. 28,605,712
	...................................	...................................	...................................	...................................
	. 14,081,257	...................................	. 14,081,257	. 9,272,309
	. 309,387,689	. 200,915,160	. 108,472,529	. 111,968,901
	. 11,161,405	...................................	. 11,161,405	. 11,527,996
	. 13,025	...................................	. 13,025	. 12,491
	. 3,921,357	. 3,921,357	...................................	...................................
	...................................	...................................	...................................	...................................
	. 9,726,417	...................................	. 9,726,417	. 20,122,801
	. 37,647,561	. 35,550,842	. 2,096,719	. 1,778,280
	. 429,718,193	...................................	. 429,718,193	. 425,376,278
	. 25,873,382,275	. 240,717,310	. 25,632,664,965	. 25,111,542,253
	...................................	...................................	...................................	...................................
	25,873,382,275	240,717,310	25,632,664,965	25,111,542,253
DETAILS OF WRITE-INS 1101. Assets held in rabbi trust for agents' deferred compensation program 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)	. 116,806,154 .................................... .................................... ................................... 116,806,154	................................... .................................... .................................... ...................................	. 116,806,154 .................................... .................................... ................................... 116,806,154	. 117,281,541 .................................... .................................... ................................... 117,281,541
2501. Cash surrender value of company owned life insurance ............................	. 424,635,379	...................................	. 424,635,379	. 420,909,034
2502. Transferable state tax credits .................................................................	. 5,082,815	...................................	. 5,082,815	. 4,467,244
2503. .......................................................................................................................	....................................	....................................	....................................	....................................
2598. Summary of remaining write-ins for Line 25 from overflow page ...................	...................................	...................................	...................................	...................................
2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	429,718,193		429,718,193	425,376,278

LIABILITIES, SURPLUS AND OTHER FUNDS

Aggregate reserve for life contracts $ .......... 15,124,546,745 less $ ncluded in Line 6.3 (including $ ............ 9,006,710,019 Modco Reserve) .......................................................................................................... Aggregate reserve for accident and health contracts (including $ ................................... Modco Reserve) ....................... Liability for deposit-type contracts (including $ ................................... Modco Reserve).................................................... Contract claims: Life ...................................................................................................................................................................................... Accident and health ............................................................................................................................................................ Policyholders' dividends/refunds to members $ ................................... and coupons $ due and unpaid ................................................................................................................................................................................ Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts: Policyholders' dividends and refunds to members apportioned for payment (including $ ................................... Modco) ............................................................................................................................................................................... Policyholders' dividends and refunds to members not yet apportioned (including $ ................................. Modco) .... Coupons and similar benefits (including $ ................................. Modco) .................................................................. Amount provisionally held for deferred dividend policies not included in Line 6 ....................................................................... Premiums and annuity considerations for life and accident and health contracts received in advance less $ ................................... discount; including $ ................. 18,035,368 accident and health premiums ......................... Contract liabilities not included elsewhere: Surrender values on canceled contracts ............................................................................................................................ 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 ....................................................................................................................................................................... Other amounts payable on reinsurance, including $ ................................... assumed and $ 4,965,834 ceded ................................................................................................................................................................................. Interest Maintenance Reserve ............................................................................................................................................ Commissions to agents due or accrued-life and annuity contracts $ ................... 6,862,754 , accident and health $ ................... 1,509,037 and deposit-type contract funds $ ................................... .................................................. Commissions and expense allowances payable on reinsurance assumed .............................................................................. General expenses due or accrued ............................................................................................................................................ Transfers to Separate Accounts due or accrued (net) (including $ accrued for expense allowances recognized in reserves, net of reinsured allowances) .......................................................................................... Taxes, licenses and fees due or accrued, excluding federal income taxes .............................................................................. Current federal and foreign income taxes, including $ ................................... on realized capital gains (losses) .............. Net deferred tax liability ............................................................................................................................................................. Unearned investment income ................................................................................................................................................... Amounts withheld or retained by reporting entity as agent or trustee ....................................................................................... Amounts held for agents' account, including $ ................. 16,896,671 agents' credit balances ........................................... Remittances and items not allocated ........................................................................................................................................ Net adjustment in assets and liabilities due to foreign exchange rates .................................................................................... Liability for benefits for employees and agents if not included above ....................................................................................... Borrowed money $ ................................... and interest thereon $ ................................... ........................................... Dividends to stockholders declared and unpaid ....................................................................................................................... Miscellaneous liabilities: Asset valuation reserve ................................................................................................................................................... Reinsurance in unauthorized and certified ($ ................................... ) companies ....................................................... Funds held under reinsurance treaties with unauthorized and certified ($ ................................... ) reinsurers ......... Payable to parent, subsidiaries and affiliates .................................................................................................................. Drafts outstanding ........................................................................................................................................................... Liability for amounts held under uninsured plans ............................................................................................................ Funds held under coinsurance ........................................................................................................................................ Derivatives ...................................................................................................................................................................... Payable for securities ...................................................................................................................................................... 24.10 Payable for securities lending ......................................................................................................................................... 24.11 Capital notes $ ................................... and interest thereon $ ................................... ........................................... Aggregate write-ins for liabilities ............................................................................................................................................... Total liabilities excluding Separate Accounts business (Lines 1 to 25) ..................................................................................... From Separate Accounts Statement ......................................................................................................................................... Total liabilities (Lines 26 and 27) ............................................................................................................................................... Common capital stock ............................................................................................................................................................... Preferred capital stock .............................................................................................................................................................. Aggregate write-ins for other than special surplus funds .......................................................................................................... Surplus notes ............................................................................................................................................................................ Gross paid in and contributed surplus ....................................................................................................................................... Aggregate write-ins for special surplus funds ........................................................................................................................... Unassigned funds (surplus) ...................................................................................................................................................... Less treasury stock, at cost: ................................... shares common (value included in Line 29 $ ................................... ) ............................... ................................... shares preferred (value included in Line 30 $ ................................... ) ............................. Surplus (Total Lines 31+32+33+34+35-36) (including $ ................................... in Separate Accounts Statement) .............. Totals of Lines 29, 30 and 37 ................................................................................................................................................... Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)		1 Current Statement Date	2 December 31 Prior Year
		. 15,124,546,745 . 2,550,549,643 . 5,633,147,554	. 15,032,999,954 . 2,536,831,509 . 5,375,363,020
		. 25,943,193 . 158,040,351	. 26,632,130 . 159,337,933
		...................................	...................................
		. 98,559 ................................... ................................... ...................................	. 100,464 ................................... ................................... ...................................
		. 20,223,531	. 24,801,738
		...................................	...................................
		...................................	...................................
		. 4,965,834 . 155,667,546	. 5,037,664 . 160,174,239
		. 8,371,791 ................................... . 152,924,745	. 14,607,866 ................................... . 159,028,189
		................................... . 4,775,043 ................................... ................................... . 2,679,652 . 1,254,623 . 17,156,016 . 40,410,439 ................................... ................................... ................................... ...................................	................................... . 5,156,314 ................................... ................................... . 2,670,245 . 498,565 . 29,201,562 . 39,075,682 ................................... ................................... ................................... ...................................
		. 454,368,523 . 7,057,031 ................................... . 5,959,349 ................................... ................................... ................................... ................................... . 218,786,912 ................................... ................................... 214,102,099	. 428,675,984 . 13,120,559 ................................... . 3,773,143 ................................... ................................... ................................... ................................... . 24,370,307 ................................... ................................... 211,644,414
		24,801,029,176	24,253,101,479
		................................... 24,801,029,176	................................... 24,253,101,479
		. 10,000,000 ................................... ................................... ................................... . 833,962,899 ................................... . (12,327,110)	. 10,000,000 ................................... ................................... ................................... . 863,962,899 ................................... . (15,522,125)
		................................... ................................... 821,635,789	................................... ................................... 848,440,774
		831,635,789	858,440,774
		25,632,664,965	25,111,542,253
2501. 2502. 2503. 2598. 2599.	DETAILS OF WRITE-INS Liability for agents' deferred compensation program funded through a rabbi trust ........................................................ Unclaimed funds ....................................................................................................................................................................... Liability for unearned hedge service fee under modified coinsurance ceded agreement .................................................... Summary of remaining write-ins for Line 25 from overflow page .............................................................................................. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	. 119,258,666 . 96,009,504 . 3,381,563 . (4,547,633) 214,102,099	. 119,105,960 . 93,812,056 . 3,274,031 . (4,547,633) 211,644,414
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)

SUMMARY OF OPERATIONS

Premiums and annuity considerations for life and accident and health contracts ...............................
Considerations for supplementary contracts with life contingencies.....................................................
Net investment income ........................................................................................................................
Amortization of Interest Maintenance Reserve (IMR) ..........................................................................
Separate Accounts net gain from operations excluding unrealized gains or losses ............................
Commissions and expense allowances on reinsurance ceded ...........................................................
Reserve adjustments on reinsurance ceded ........................................................................................
Miscellaneous Income:
1. Income from fees associated with investment management, administration and contract guarantees from Separate Accounts.............................................................................................
2. Charges and fees for deposit-type contracts .................................................................................
3. Aggregate write-ins for miscellaneous income ..............................................................................
Totals (Lines 1 to 8.3) ..........................................................................................................................
Death benefits ......................................................................................................................................
Matured endowments (excluding guaranteed annual pure endowments) ...........................................
Annuity benefits ....................................................................................................................................
Disability benefits and benefits under accident and health contracts ..................................................
Coupons, guaranteed annual pure endowments and similar benefits .................................................
Surrender benefits and withdrawals for life contracts ..........................................................................
Group conversions ...............................................................................................................................
Interest and adjustments on contract or deposit-type contract funds ...................................................
Payments on supplementary contracts with life contingencies ............................................................
Increase in aggregate reserves for life and accident and health contracts ..........................................
Totals (Lines 10 to 19) .........................................................................................................................
Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) ....................................................................................................................................
Commissions and expense allowances on reinsurance assumed ......................................................
General insurance expenses and fraternal expenses ..........................................................................
Insurance taxes, licenses and fees, excluding federal income taxes ...................................................
Increase in loading on deferred and uncollected premiums ................................................................
Net transfers to or (from) Separate Accounts net of reinsurance ........................................................
Aggregate write-ins for deductions .......................................................................................................
Totals (Lines 20 to 27) .........................................................................................................................
Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28) ..............................................................................................................................................
Dividends to policyholders and refunds to members ...........................................................................
Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ...............................................................................................
Federal and foreign income taxes incurred (excluding tax on capital gains) .......................................
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) .....................................
Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $ .....................(152,557) (excluding taxes of $ (854,432)
transferred to the IMR) .........................................................................................................................
Net income (Line 33 plus Line 34) .......................................................................................................
CAPITAL AND SURPLUS ACCOUNT
Capital and surplus, December 31, prior year ......................................................................................
Net income (Line 35) ............................................................................................................................
Change in net unrealized capital gains (losses) less capital gains tax of $ (2,457,358)
Change in net unrealized foreign exchange capital gain (loss) ............................................................
Change in net deferred income tax ......................................................................................................
Change in nonadmitted assets ............................................................................................................
Change in liability for reinsurance in unauthorized and certified companies .......................................
Change in reserve on account of change in valuation basis, (increase) or decrease ..........................
Change in asset valuation reserve .......................................................................................................
Change in treasury stock .....................................................................................................................
Surplus (contributed to) withdrawn from Separate Accounts during period .........................................
Other changes in surplus in Separate Accounts Statement ................................................................
Change in surplus notes ......................................................................................................................
Cumulative effect of changes in accounting principles ........................................................................
Capital changes:
1. Paid in ..........................................................................................................................................
2. Transferred from surplus (stock dividend) ...................................................................................
3. Transferred to surplus ..................................................................................................................
Surplus adjustment:
1. Paid in ..........................................................................................................................................
2. Transferred to capital (stock dividend) .........................................................................................
3. Transferred from capital ...............................................................................................................
4. Change in surplus as a result of reinsurance ...............................................................................
Dividends to stockholders ....................................................................................................................
Aggregate write-ins for gains and losses in surplus .............................................................................
Net change in capital and surplus for the year (Lines 37 through 53) ..................................................
Capital and surplus, as of statement date (Lines 36 + 54)

Current Year To Date

Prior Year To Date

Prior Year Ended December 31

. 337,848,077

. 476,084

. 210,288,241

. (2,849,109)

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

. 62,965,476

. 103,949,159

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

. 132

3,819,698

. 348,888,135

. 226,305

. 183,300,867

. (972,934)

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

. 62,210,057

. 117,131,897

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

. 140

3,438,139

. 1,365,814,141

. 4,231,384

. 1,169,717,605

. (15,830,625)

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

. 257,475,803

. 855,506,749

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

. 600

19,158,007

716,497,759

714,222,607

3,656,073,664

. 65,640,294

. 72,006

. 48,916,514

. 134,219,018

. 74

. 149,105,402

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

. 56,893,265

. 1,257,460

105,264,924

. 67,928,745

. 66,544

. 54,877,203

. 140,037,020

. 59

. 140,898,578

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

. 47,685,541

. 1,338,845

115,833,941

. 262,628,715

. 237,772

. 199,115,957

. 556,307,800

. 189

. 552,883,099

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

. 202,887,541

. 5,462,620

945,293,108

. 561,368,958

. 56,340,792

. 7,251,975

. 96,623,330

. 7,562,813

. 41,736

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

(38,061,735)

. 568,666,475

. 58,402,572

. 7,881,799

. 94,174,854

. 9,010,674

. (193,572)

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

(40,041,677)

. 2,724,816,802

. 254,049,351

. 31,053,556

. 400,736,527

. 33,492,346

. (2,819,644)

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

93,368,103

691,127,870

697,901,124

3,534,697,040

. 25,369,889

25,057

. 16,321,482

27,415

. 121,376,624

94,687

. 25,344,832

769,149

. 16,294,067

906,733

. 121,281,937

36,066,073

. 24,575,683

(1,562,010)

. 15,387,335

(1,178,578)

. 85,215,865

(17,841,881)

23,013,673

14,208,757

67,373,984

858,440,774

951,463,304

. 23,013,673

. 7,118,418

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

. (1,638,204)

. (4,091,092)

. 6,063,528

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

. (25,692,539)

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

. (30,000,000)

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

. (1,578,768)

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

. 14,208,757

. 4,460,996

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

. (685,467)

. (7,065,303)

. 3,530,587

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

. (21,202,863)

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

. (30,000,000)

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

. (1,739,429)

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

. 67,373,984

. 76,121,897

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

. 34,732,267

. (32,907,055)

. (650,570)

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

. (115,916,031)

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

. (77,500,405)

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

. (6,738,072)

. (35,899,595)

(1,638,951)

(26,804,985)

(38,492,722)

(93,022,530)

831,635,789

912,970,581

858,440,774

DETAILS OF WRITE-INS

Change in cash surrender value of company owned life insurance, net of premiums .....................
Gain from utilization of transferable state tax credits ..............................................................
Miscellaneous income ..........................................................................................................................

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)

. 3,726,345

. 92,580

. 773

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

3,819,698

. 3,258,983

. 177,941

. 1,215

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

3,438,139

. 18,854,039

. 300,125

. 3,843

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

19,158,007

2701. Index credits incurred under modified coinsurance ceded agreement .............................................. 2702. Transfer of reserves under reinsurance agreements ......................................................................... 2703. ..............................................................................................................................................................

2798. Summary of remaining write-ins for Line 27 from overflow page ......................................................... 2799. Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

. (38,061,735)

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

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

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

(38,061,735)

. (40,041,677)

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

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

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

(40,041,677)

. 93,370,912

. (2,809)

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

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

93,368,103

5301. Change in liability for deferred compensation obligation ............................................................. 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)

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

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

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

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

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

. (1,638,951)

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

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

(1,638,951)

CASH FLOW

Cash from Operations

Premiums collected net of reinsurance ...............................................................................................
Net investment income ........................................................................................................................
Miscellaneous income .........................................................................................................................
Total (Lines 1 to 3) ..............................................................................................................................
Benefit and loss related payments ......................................................................................................
Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts .................
Commissions, expenses paid and aggregate write-ins for deductions ...............................................
Dividends paid to policyholders ...........................................................................................................
Federal and foreign income taxes paid (recovered) net of $ (1,006,989) tax on capital
gains (losses) ...................................................................................................................................
Total (Lines 5 through 9) ....................................................................................................................
Net cash from operations (Line 4 minus Line 10) ...............................................................................
Cash from Investments
Proceeds from investments sold, matured or repaid:
1. Bonds .........................................................................................................................................
2. Stocks .........................................................................................................................................
3. Mortgage loans ...........................................................................................................................
4. Real estate .................................................................................................................................
5. Other invested assets .................................................................................................................
6. Net gains or (losses) on cash, cash equivalents and short-term investments ...........................
7. Miscellaneous proceeds .............................................................................................................
8. Total investment proceeds (Lines 12.1 to 12.7) .........................................................................
Cost of investments acquired (long-term only):
1. Bonds .........................................................................................................................................
2. Stocks .........................................................................................................................................
3. Mortgage loans ...........................................................................................................................
4. Real estate .................................................................................................................................
5. Other invested assets .................................................................................................................
6. Miscellaneous applications .........................................................................................................
7. Total investments acquired (Lines 13.1 to 13.6) ........................................................................
Net increase/(decrease) in contract loans and premium notes ..........................................................
Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) ................................................
Cash from Financing and Miscellaneous Sources
Cash provided (applied):
1. Surplus notes, capital notes .......................................................................................................
2. Capital and paid in surplus, less treasury stock .........................................................................
3. Borrowed funds ..........................................................................................................................
4. Net deposits on deposit-type contracts and other insurance liabilities .......................................
5. Dividends to stockholders ..........................................................................................................
6. Other cash provided (applied) ....................................................................................................
Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5 plus Line 16.6) ..................................................................................................................................
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) .
Cash, cash equivalents and short-term investments:
1. Beginning of year ........................................................................................................................
2. End of period (Line 18 plus Line 19.1)

Current Year To Date

Prior Year To Date

Prior Year Ended December 31

. 333,304,682

. 270,679,313

67,387,195

. 341,910,737

. 246,518,744

69,620,579

. 1,371,790,375

. 1,007,134,266

254,296,060

671,371,190

658,050,060

2,633,220,700

. 352,525,893

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

. 145,507,486

. 26,962

4,571,107

. 336,551,091

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

. 146,618,535

. 29,180

(64,829)

. 923,670,467

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

. 797,471,259

. 101,890

33,352,784

502,631,447

483,133,977

1,754,596,400

168,739,742

174,916,083

878,624,300

. 3,349,445,179

. 51,565,979

. 29,802,065

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

. 35,893,406

. (1,684)

249,916,067

. 604,257,179

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

. 11,525,726

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

. 24,412,900

. 1,559

67,471,090

. 3,819,455,049

. 20,251,077

. 105,770,352

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

. 113,388,232

. (7,768)

66,503,485

. 3,716,621,011

. 3,596,808,317

. 55,134,214

. 97,500,000

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

. 33,423,364

. 707,668,454

. 901,026,505

. 84,000,000

. 54,281,052

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

. 29,698,205

. 4,125,360,427

. 5,031,652,172

. 498,697,806

. 399,619,401

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

. 207,655,658

18,096,460

3,782,865,894

1,069,005,762

6,155,721,496

824,570

940,642

6,264,647

(67,069,453)

(362,277,950)

(2,036,625,716)

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

. (30,000,000)

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

. 257,784,534

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

7,874,515

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

. (30,000,000)

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

. (394,980,278)

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

16,141,801

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

. (77,500,405)

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

. 603,134,324

. 35,899,595

12,382,353

235,659,049

(408,838,477)

502,116,677

. 337,329,339

. 238,228,251

575,557,589

. (596,200,343)

. 894,112,991

297,912,648

. (655,884,740)

. 894,112,991

238,228,251

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

20.0001. Exchanges and transfers of invested assets ..............................................................................

20.0002. Capitalized interest ...................................................................................................................

20.0003. Reclassification of invested assets ..........................................................................................

. 3,375,000

. 931,547

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

. 5,819

. 4,069,274

. 136,210,717

. 87,985,368

. 9,358,879

. 136,210,717

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