Financial Life Insurance Company of America - Annual Statement 2025

Docusign Envelope ID: 243B2D30-Z14B-4E38-A6A4-138C831B3186

For the Year Ended December 31, 2025 of the Condition and Affairs of the

NAIC GroLIP Code 4965 4965 NAIC Company Code 78077 Employer's ID Number 86-0222062

Organized under the Laws of ihe State of Arizona Sfa/e of Domicile of Pan of Entry Arizona Country of Domicile United Jfafes of Amenca incorporated/organized: March 6 1969 Commenced Business. _June 26 1969

3taiutory Home Office. 3030 N. Third Street, Smte 790, Phoenix, Arizona 850a 2

Main Administrative 0/lice. 850a IBM Drive, Charlotte, NC 28262, Telephone Number: (201) 743-5132

Mai/ Address: 850 f IBM Drive, Chadotte, NC 28262, Telephone Number. (201) 742-5Y32

Primary Location of Books and Records. 8501 IBM Drive, Chartoite, NC 28262, Telephone Number. {20JJ 743-5Y32

Internet WBbsita Address.' view. equitable.com

Statutory Statement Con/acf. Neil Guerriero. Signatory 0//icer (201) 74J-5f32 E-Mail Address controllers@equitable.com

OFFICERS

MARK PEARSON

Chief Executive O//icer

NICHOLAS BURRI TT LANE

President

JEFFREY TOY HURD

Chief Operating Officer

DOUGLAS ADAM DACHILLE # OAA//EL GEORGE KAYE MARK PEARSON

CHARLES GERALD THOROTON STONEHILL

State of. filew Jersey.

Coun/y of. Berpen.

WILLIAM JAMES ECKERT IV

Chief Accounting 0//icer

ROBIN lvIA TTI-IEW aAsu

Chief Financial 0//icer

DIRECTORS

FRANCIS ARIAS HONDAL JOAN MARIE LAMM-TENNANT BERTRAM LTE SCOTT

ss

KURT WILLIAM MEYERS #

Chief Legal Officer and Secrefary

XU "VINCENT'XUAN #

Appointed Actuary

ARLENE ELIZABETH /SA4CS-LOWE CR4/G CHARLES MW CfC4Y GEORGE HODGSON STANSFIELD

The officers of ihis reporting ontily being duly swam, each depofio and say that they are ihe described aff/cors of tho said reporting e/ttify, end /haf on i fie repomng penod sra/ed aboye, all ol tt›e nerein descn'bed assets were lhe absoluto properly of he soicl report/nrt enfl'ly, Free end clear from any liens or claims thereon, excopl os herein shared, and ihat this sratemen/, fogerher wire related oxñ/6irs, schedules and explanati'ons therein contained. annexed or referred to, is e full and rms statement ol all the assefs and liabilities and of ihe condition and affairs of the sai0 reporting entity as of tits reporting period stated adore, and of its income aud der/ocrions therefrom for ifie ponod ended, end ifiave been completed in accordance with tho NAIC Annual Statement /nsfrt/c/i'ons and Accounting Practices and Procedures manual except to fie exient thai.- (1) slate law may differ or, 2) tnat stale ru/er or regulations require o'i/fereeces in reporting not re/a/od to accounting practices and procaaures, according to tfiie best of rAe/r information, knowledge and belief, respectively. Furthennore, the scope of ifiis ottesitat/on by the described olTicezs also includes the related corresponding electronic filing wart lhe uAtc, when requi'red, ifiat is an axact copy (except lor formatting o'i/ferences due to e/ecf/onic /i/ingy o7 the enclosed statement. Tne electronic /i//ng may de reguested by various regulators in lieu of or in addition to the ertc/osed statement.

MARK

Chief Execuifiva Otficer

EUR

Chief Legal Officer and Secre/a/y

Subscribed and swam to before me this

WlLt IAM JA" £ S C"kERTlV

r

Chief Accounting Officer

1. Is ihis an onginal /i/ing*

   
   
   

   Appointed Actuary

   Yes (x) No ( )

   13th

   day of February 3026

2. // no. f. Sfafe I/Ie amendment number

LAURRINE VENTURE NOTARY PUDLIC

State or New Jersey

ID # 50213150

›.lv r:nmmissicn rxt›ires 8115/202a

1. Date filed

2. Number of pages attached

   ASSETS

   	Current Year			Prior Year
   	1 Assets	2 Nonadmitted Assets	3 Net Admitted Assets (Cols. 1 - 2)	4 Net Admitted Assets
   $ ................................... encumbrances) ....................................... ($ ................717,577,000 , Schedule E - Part 2) and short-term investments ($ ................. 10,000,000 , Schedule DA) .......................... only) .............................................................................................................. earned but unbilled premiums) ............................................................ contracts subject to redetermination ($ ................................... ) ....... ($ ................................... ) ................................................................	. 7,593,249,967	...................................	. 7,593,249,967	. 3,019,450,510
   	...................................	...................................	. 0	. 1,229,611
   	. 5,400,000	...................................	. 5,400,000	. 3,897,900
   	. 557,736,677	...................................	. 557,736,677	. 68,350,000
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	. 3,773,400,522	...................................	. 3,773,400,522	. 166,066,838
   	. 105,693,836	. 1,215,361	. 104,478,475	. 196,944,414
   	. 389,184,265	...................................	. 389,184,265	. 111,325,421
   	. 147,072,792	...................................	. 147,072,792	. 34,476,550
   	. 623,868	...................................	. 623,868	. 15,901
   	. 5,633,138	...................................	. 5,633,138	. 5,544,583
   	. 27,685,298	. 0	. 27,685,298	. 0
   	. 12,605,680,363	. 1,215,361	. 12,604,465,002	. 3,607,301,728
   	...................................	...................................	. 0	. 0
   	. 79,918,693	...................................	. 79,918,693	. 26,240,886
   	. (21,754,196)	...................................	. (21,754,196)	. 5,771,656
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	. 38,239,916	...................................	. 38,239,916	. 3,603,159
   	. 5,350,954,577	...................................	. 5,350,954,577	. 11,669,594,843
   	. 1,181,255	...................................	. 1,181,255	. 745,839
   	...................................	...................................	. 0	. 0
   	. 0	...................................	. 0	. 0
   	...................................	...................................	. 0	. 31,372,523
   	. 17,813,549	...................................	. 17,813,549	. 20,014,084
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	...................................	...................................	. 0	. 0
   	. 242,784,491	...................................	. 242,784,491	. 107,542,504
   	...................................	...................................	. 0	. 0
   	. 2,250,030,762	. 3,633,790	. 2,246,396,972	. 1,632,036,252
   	. 20,564,849,410	. 4,849,151	. 20,560,000,259	. 17,104,223,474
   	. 92,888,391,433	...................................	. 92,888,391,433	. 32,830,771,726
   	113,453,240,843	4,849,151	113,448,391,692	49,934,995,200
   DETAILS OF WRITE-INS
   1101. Miscellaneous invested assets ..................................................................	. 27,685,298	...................................	. 27,685,298	...................................
   1102. ......................................................................................................................	....................................	....................................	....................................	....................................
   1103. ......................................................................................................................	....................................	....................................	....................................	....................................
   1198. Summary of remaining write-ins for Line 11 from overflow page ...................	. 0	. 0	. 0	. 0
   1199. Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)	27,685,298	0	27,685,298	0
   2501. Miscellaneous assets ...................................................................................	. 917,903	...................................	. 917,903	. 235,887
   2502. Other assets non-admitted ..........................................................................	. 3,633,790	. 3,633,790	. 0	. 0
   2503. Admitted disallowed IMR ..............................................................................	. 23,584,460	...................................	. 23,584,460	. 52,043,465
   2598. Summary of remaining write-ins for Line 25 from overflow page ...................	. 2,221,894,609	. 0	. 2,221,894,609	. 1,579,756,900
   2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	2,250,030,762	3,633,790	2,246,396,972	1,632,036,252

   1. Bonds (Schedule D) .......................................................................................

   2. Stocks (Schedule D):

      1. Preferred stocks .......................................................................................

      2. Common stocks .......................................................................................

   3. Mortgage loans on real estate (Schedule B):

      1. First liens ..................................................................................................

      2. Other than first liens..................................................................................

   4. Real estate (Schedule A):

      1. Properties occupied by the company (less $ ................................... encumbrances) .......................................................................................

      2. Properties held for the production of income (less

      3. Properties held for sale (less $ ................................... encumbrances) .......................................................................................

   5. Cash ($ ............ 3,045,823,522 , Schedule E - Part 1), cash equivalents

   6. Contract loans (including $ ................................... premium notes) ......

   7. Derivatives (Schedule DB) .............................................................................

   8. Other invested assets (Schedule BA) ............................................................

   9. Receivables for securities ..............................................................................

   10. Securities lending reinvested collateral assets (Schedule DL) ......................

   11. Aggregate write-ins for invested assets .........................................................

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

   13. Title plants less $ charged off (for Title insurers

   14. Investment income due and accrued .............................................................

   15. Premiums and considerations:

       1. Uncollected premiums and agents' balances in the course of collection

       2. Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $ ...................................

       3. Accrued retrospective premiums ($ ) and

   16. Reinsurance:

       1. Amounts recoverable from reinsurers ....................................................

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

       3. Other amounts receivable under reinsurance contracts ........................

   17. Amounts receivable relating to uninsured plans ............................................

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

   2. Net deferred tax asset ...................................................................................

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

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

   3. Furniture and equipment, including health care delivery assets

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

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

   6. Health care ($ ................................... ) and other amounts receivable ......

   7. Aggregate write-ins for other-than-invested assets .......................................

   8. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) .....................................................

   9. From Separate Accounts, Segregated Accounts and Protected Cell Accounts ......................................................................................................

   10. Total (Lines 26 and 27)

   2

   LIABILITIES, SURPLUS AND OTHER FUNDS

   	1 Current Year	2 Prior Year
   and unpaid (Exhibit 4, Line 10) ................................................................................................................................................. $ ................................... discount; including $ .................................0 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of lines 4 and 14) ...................................................................................................................................... experience rating refunds of which $ .................................0 is for medical loss ratio rebate per the Public Health Service Act ....................................................................................................................................................................... ceded ............................................................................................................................................................................... $ ............................. 987 and deposit-type contract funds $ ................................... ................................................... allowances recognized in reserves, net of reinsured allowances) ........................................................................................... 24.10 Payable for securities lending .......................................................................................................................................... 24.11 Capital notes $ ................................... and interest thereon $ ................................... ........................................	. 6,956,497,397 . 115,941,440 . 4,155,808,899	. 14,157,368,233 . 105,322,182 . 13,315,011
   	. 114,913,973 . 9,864,632	. 164,186,575 . 9,777,600
   	. 0	. 0
   	................................... ................................... ................................... ...................................	................................... ................................... ................................... ...................................
   	. 0	. 0
   	...................................	...................................
   	...................................	...................................
   	. 12,198,413 . 0	. 0 . 0
   	. 84,693,000 ................................... . 2,902,949	. 75,429,315 ................................... . 9,809,958
   	. (3,810,884,574) . 19,618,569 . 11,300,252 . 149,911,295 ................................... . 7,086,925,600 ................................... . 48,201,378 ................................... ................................... ................................... ...................................	. (3,786,284,531) . 17,658,744 . 5,084,521 ................................... ................................... . 2,522,534,138 ................................... . 17,812,747 ................................... ................................... ................................... ...................................
   	. 212,420,268 . 0 ................................... . 13,935,561 ................................... ................................... . 1,088,244,147 . 0 . 177,215,010 . 5,633,138 ................................... 51,008,800	. 61,673,849 . 0 ................................... . 58,304,880 ................................... ................................... ................................... . 0 . 5,432,626 . 5,544,583 ................................... 56,956,535
   	16,506,350,147	13,499,926,966
   	. 92,859,560,244 109,365,910,391	. 32,371,469,189 45,871,396,155
   	. 2,500,000 ................................... . 0 . 0 . 299,648,867 . 2,027,513,525 . 1,752,818,909	. 2,500,000 ................................... . 0 ................................... . 1,884,648,867 . 1,624,702,790 . 551,747,388
   	................................... ................................... 4,079,981,301	................................... ................................... 4,061,099,045
   	4,082,481,301	4,063,599,045
   	113,448,391,692	49,934,995,200
   DETAILS OF WRITE-INS
   2501. Miscellaneous liabilities .......................................................................................................................................................	. 4,588,282	. 4,701,483
   2502. Deferred gain on reinsurance ..................................................................................................................................................	. 46,420,518	. 52,255,052
   2503. ....................................................................................................................................................................................................	....................................	....................................
   2598. Summary of remaining write-ins for Line 25 from overflow page ..............................................................................................	. 0	. 0
   2599. Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	51,008,800	56,956,535
   3101. ....................................................................................................................................................................................................	....................................	....................................
   3102. ....................................................................................................................................................................................................	....................................	....................................
   3103. ....................................................................................................................................................................................................	....................................	....................................
   3198. Summary of remaining write-ins for Line 31 from overflow page ..............................................................................................	. 0	. 0
   3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)	0	0
   3401. Admitted Disallowed IMR ...........................................................................................................................................................	. 358,780,469	. 53,023,985
   3402. VA Derivatives (SSAP 108) .......................................................................................................................................................	. 1,668,733,056	. 1,571,678,805
   3403. ....................................................................................................................................................................................................	....................................	....................................
   3498. Summary of remaining write-ins for Line 34 from overflow page ..............................................................................................	. 0	. 0
   3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)	2,027,513,525	1,624,702,790

   1. Aggregate reserve for life contracts $ ............ 6,956,497,397 (Exh. 5, Line 9999999) less $ ................................... included in Line 6.3 (including $ ................................... Modco Reserve) ..........................................................................

   2. Aggregate reserve for accident and health contracts (including $ .................................0 Modco Reserve) .......................

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

   4. Contract claims:

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

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

   5. Policyholders' dividends/refunds to members $ ................................... and coupons $ due

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

      1. Policyholders' dividends and refunds to members apportioned for payment (including $ ................................... Modco) ...............................................................................................................................................................................

      2. Policyholders' dividends and refunds to members not yet apportioned (including $ ................................. Modco) ....

      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

   9. Contract liabilities not included elsewhere:

      1. Surrender values on canceled contracts ............................................................................................................................

      2. Provision for experience rating refunds, including the liability of $ accident and health

      3. Other amounts payable on reinsurance, including $ ................................... assumed and $ 12,198,413

      4. Interest maintenance reserve (IMR, Line 6) ........................................................................................................................

   10. Commissions to agents due or accrued-life and annuity contracts $ ................. 84,692,013 accident and health

   11. Commissions and expense allowances payable on reinsurance assumed ..............................................................................

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

   13. Transfers to Separate Accounts due or accrued (net) (including $ (3,772,677,828) accrued for expense

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

   1. Current federal and foreign income taxes, including $ ................................... on realized capital gains (losses) .................

   2. Net deferred tax liability .............................................................................................................................................................

   1. Unearned investment income ...................................................................................................................................................

   2. Amounts withheld or retained by reporting entity as agent or trustee ........................................................................................

   3. Amounts held for agents' account, including $ ................................... agents' credit balances .........................................

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

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

   6. Liability for benefits for employees and agents if not included above .......................................................................................

   7. Borrowed money $ ................................... and interest thereon $ ................................... ............................................

   8. Dividends to stockholders declared and unpaid ........................................................................................................................

   9. Miscellaneous liabilities:

      1. Asset valuation reserve (AVR, Line 16, Col. 7) ...............................................................................................................

      2. Reinsurance in unauthorized and certified ($ .................................0 ) companies .......................................................

      3. Funds held under reinsurance treaties with unauthorized and certified ($ ................................... ) reinsurers .........

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

      5. Drafts outstanding ...........................................................................................................................................................

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

      7. Funds held under coinsurance ........................................................................................................................................

      8. Derivatives .......................................................................................................................................................................

      9. Payable for securities ......................................................................................................................................................

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

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

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

   4. Total liabilities (Lines 26 and 27) ...............................................................................................................................................

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

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

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

   8. Surplus notes .............................................................................................................................................................................

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

   10. Aggregate write-ins for special surplus funds ............................................................................................................................

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

   12. Less treasury stock, at cost:

       1. ................................... shares common (value included in Line 29 $ ................................... ) .............................

       2. ................................... shares preferred (value included in Line 30 $ ................................... ) .............................

   13. Surplus (Total Lines 31+32+33+34+35-36) (including $ ................. 28,831,189 in Separate Accounts Statement) ........

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

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

   3

   SUMMARY OF OPERATIONS

   	1 Current Year	2 Prior Year
   $ ................. 51,634,194 (excluding taxes of $ ................(14,000,111) transferred to the IMR) ...................................... CAPITAL AND SURPLUS ACCOUNT	. 8,451,461,922 . 41,816,551 . (252,704,846) . (2,862,965) . 524,130,652 . 3,342,888,554 . 0	. 18,258,194,507 . 58,784,843 . 120,932,783 . (767,681) . (25,689,194) . 4,434,829 . 0
   	. 341,614,454 . 0 10,031,884,064	. 99,830,187 . 0 12,910,380,096
   	22,478,228,386	31,426,100,370
   	. 711,322,096 . 0 . 1,576,547,270 . 175,145,343 . 0 . 13,377,089,376 . 0 . 245,911,053 . 12,724,766 (7,190,251,580)	. 818,831,351 . 0 . 1,511,795,552 . 155,970,626 . 0 . 13,313,009,422 . 0 . 6,676,975 . 6,656,401 (5,424,812)
   	. 8,908,488,324	. 15,807,515,515
   	. 1,146,130,310 . 333,756,705 . 225,557,749 . 46,692,282 . 0 . 9,328,005,833 1,335,940,899	. 882,136,568 . 491,257,559 . 189,518,644 . 20,732,557 . 0 . 13,597,075,749 120,702,023
   	21,324,572,102	31,108,938,615
   	. 1,153,656,284 0	. 317,161,755 0
   	. 1,153,656,284 350,678,296	. 317,161,755 (29,827,518)
   	. 802,977,988	. 346,989,273
   	118,513,430	370,873,050
   	. 921,491,418	. 717,862,323
   	4,063,599,045	4,408,491,225
   	. 921,491,418 . 14,406,893 . 1,905,524 . (180,118,737) . 467,131 ................................... . 0 . (150,746,419) . 0 . 656,799,905 . (954,602,000) ................................... ...................................	. 717,862,323 . (278,251,198) ................................... . (76,808,708) . 68,168,548 . 566,397 . 0 . (27,734,720) . 0 . (478,697,727) . 478,697,727 ................................... ...................................
   	................................... ................................... ...................................	................................... ................................... ...................................
   	. (1,585,000,000) ................................... ................................... . 881,073,085 ................................... 413,205,456	. 0 ................................... ................................... . (22,291,199) . (700,849,122) (25,554,501)
   	18,882,256	(344,892,180)
   	4,082,481,301	4,063,599,045
   DETAILS OF WRITE-INS 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)	. 62,700,308 . (941,715,611) . 10,583,140,128 . 327,759,239 10,031,884,064	. 65,880,914 . (506,829,587) . 12,899,155,780 . 452,172,989 12,910,380,096
   2701. Sundry disbursements and adjustments .................................................................................................................................... 2702. Separate account MODCO reinsurance ceded ............................................................................................................................. 2703. IMR ceded ................................................................................................................................................................................... 2798. Summary of remaining write-ins for Line 27 from overflow page .............................................................................................. 2799. Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)	. 7,193,172 . 1,133,022,767 . 529,238,836 . (333,513,876) 1,335,940,899	. 2,490,083 . 118,211,940 ................................... . 0 120,702,023
   5301. Prior Year adjustments ............................................................................................................................................................ 5302. Deferred Asset on novation (Net of Amortization) ................................................................................................................ 5303. .................................................................................................................................................................................................... 5398. Summary of remaining write-ins for Line 53 from overflow page .............................................................................................. 5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)	. 13,718,804 . 399,486,652 .................................... . 0 413,205,456	. (25,554,501) ................................... .................................... . 0 (25,554,501)

   1. Premiums and annuity considerations for life and accident and health contracts .....................................................................

   2. Considerations for supplementary contracts with life contingencies .........................................................................................

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

   4. Amortization of Interest Maintenance Reserve (IMR, Line 5) ....................................................................................................

   5. Separate Accounts net gain from operations excluding unrealized gains or losses .................................................................

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

   7. Reserve adjustments on reinsurance ceded .............................................................................................................................

   8. 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 ....................................................................................................................

   9. Total (Lines 1 to 8.3) .................................................................................................................................................................

   10. Death benefits ...........................................................................................................................................................................

   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) .................

   13. Disability benefits and benefits under accident and health contracts ........................................................................................

   14. Coupons, guaranteed annual pure endowments and similar benefits ......................................................................................

   15. Surrender benefits and withdrawals for life contracts ................................................................................................................

   16. Group conversions ....................................................................................................................................................................

   17. Interest and adjustments on contract or deposit-type contract funds ........................................................................................

   18. Payments on supplementary contracts with life contingencies .................................................................................................

   19. Increase in aggregate reserves for life and accident and health contracts ...............................................................................

   20. Totals (Lines 10 to 19) ...............................................................................................................................................................

   21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1) ....................................................................................................................................................................

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

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

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

   25. Increase in loading on deferred and uncollected premiums ......................................................................................................

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

   27. Aggregate write-ins for deductions ............................................................................................................................................

   28. Totals (Lines 20 to 27) ...............................................................................................................................................................

   29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ....................................................................................................................................................................................

   30. Dividends to policyholders and refunds to members .................................................................................................................

   31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .........................................................................................................................................................................

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

   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) .......................................................................................................

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

   35. Net income (Line 33 plus Line 34) .............................................................................................................................................

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

   37. Net income (Line 35) .................................................................................................................................................................

   38. Change in net unrealized capital gains (losses) less capital gains tax of $ ................5,697,801 .....................................

   39. Change in net unrealized foreign exchange capital gain (loss) .................................................................................................

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

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

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

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

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

   48. Change in surplus notes ............................................................................................................................................................

   49. Cumulative effect of changes in accounting principles .............................................................................................................

   50. Capital changes:

       1. Paid in ...............................................................................................................................................................................

       2. Transferred from surplus (stock dividend) .........................................................................................................................

       3. Transferred to surplus .......................................................................................................................................................

   51. Surplus adjustment:

       1. Paid in ...............................................................................................................................................................................

       2. Transferred to capital (stock dividend) ..............................................................................................................................

       3. Transferred from capital ....................................................................................................................................................

       4. Change in surplus as a result of reinsurance ....................................................................................................................

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

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

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

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

   1. Sundry receipts and adjustments .............................................................................................................................................

   2. Funds Withheld Assumed NII incl derivative activity net of SSAP 108 deferral ................................................................

   3. Seperate account MODCO reinsurance assumed ..........................................................................................................................

   .

   .

   .

   .

   4

   CASH FLOW

   	1	2
   	Current Year	Prior Year
   Cash from Operations
   1. Premiums collected net of reinsurance .....................................................................................................................................	. 17,373,619,030	. 15,718,288,544
   2. Net investment income ..............................................................................................................................................................	. (225,351,803)	. 109,801,612
   3. Miscellaneous income ...............................................................................................................................................................	426,539,910	169,011,724
   4. Total (Lines 1 through 3) ...........................................................................................................................................................	17,574,807,137	15,997,101,880
   5. Benefit and loss related payments ............................................................................................................................................	. 4,227,538,351	. 1,010,990,779
   6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts .......................................................	. 8,554,124,581	. 15,000,408,848
   7. Commissions, expenses paid and aggregate write-ins for deductions .....................................................................................	. 2,224,394,991	. 1,186,235,375
   8. Dividends paid to policyholders .................................................................................................................................................	. 0	. 0
   9. Federal and foreign income taxes paid (recovered) net of $ ................................... tax on capital gains (losses) ...............	386,629,368	779,557,546
   10. Total (Lines 5 through 9) ...........................................................................................................................................................	15,392,687,291	17,977,192,548
   11. Net cash from operations (Line 4 minus Line 10) ......................................................................................................................	2,182,119,846	(1,980,090,668)
   Cash from Investments
   12. Proceeds from investments sold, matured or repaid:
   12.1 Bonds ................................................................................................................................................................................	. 3,113,600,879	. 560,233,739
   12.2 Stocks ................................................................................................................................................................................	. 1,242,000	. 19,243,922
   12.3 Mortgage loans ..................................................................................................................................................................	. 5,116,636	. 0
   12.4 Real estate ........................................................................................................................................................................	. 0	. 0
   12.5 Other invested assets ........................................................................................................................................................	. 5,069,132	. 0
   12.6 Net gains or (losses) on cash, cash equivalents and short-term investments ..................................................................	. 0	. 0
   12.7 Miscellaneous proceeds ....................................................................................................................................................	18,789,121	969,633,564
   12.8 Total investment proceeds (Lines 12.1 to 12.7) ................................................................................................................	. 3,143,817,768	. 1,549,111,225
   13. Cost of investments acquired (long-term only exclude cash equivalents and short-term investments):
   13.1 Bonds ................................................................................................................................................................................	. 7,754,051,453	. 914,023,208
   13.2 Stocks ................................................................................................................................................................................	. 1,502,100	. 2,874,400
   13.3 Mortgage loans ..................................................................................................................................................................	. 494,293,501	. 0
   13.4 Real estate ........................................................................................................................................................................	. 0	. 0
   13.5 Other invested assets ........................................................................................................................................................	. 116,216,843	. 34,160,023
   13.6 Miscellaneous applications ................................................................................................................................................	95,853,662	20,751,525
   13.7 Total investments acquired (Lines 13.1 to 13.6) ...............................................................................................................	8,461,917,559	971,809,156
   14. Net increase/(decrease) in contract loans and premium notes .................................................................................................	150,556,366	25,538,337
   15. Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) ....................................................................................	(5,468,656,157)	551,763,732
   Cash from Financing and Miscellaneous Sources
   16. Cash provided (applied):
   16.1 Surplus notes, capital notes ..............................................................................................................................................	. 0	. 0
   16.2 Capital and paid in surplus, less treasury stock ................................................................................................................	. (1,585,000,000)	. 0
   16.3 Borrowed funds .................................................................................................................................................................	. 0	. 0
   16.4 Net deposits on deposit-type contracts and other insurance liabilities ..............................................................................	. 4,138,964,256	. (2,011,737)
   16.5 Dividends to stockholders .................................................................................................................................................	. 0	. 700,849,112
   16.6 Other cash provided (applied) ...........................................................................................................................................	4,339,905,739	1,768,135,292
   17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) ..............................	6,893,869,995	1,065,274,443
   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) ........................................	3,607,333,684	(363,052,493)
   19. Cash, cash equivalents and short-term investments:
   19.1 Beginning of year ...............................................................................................................................................................	. 166,066,838	. 529,119,331
   19.2 End of year (Line 18 plus Line 19.1)	3,773,400,522	166,066,838

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

   20.0001. See Note1A(2) in the Notes to Financial Statements for non-cash transactions ............................................................

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

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

   5

   6

   ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

   	1 Total	2 Individual Life	3 Group Life	4 Individual Annuities	5 Group Annuities	6 Accident and Health	7 Fraternal	8 Other Lines of Business	9 YRT Mortality Risk Only
   	. 8,451,461,922 . 41,816,551 . (252,704,846) . (2,862,965) . 524,130,652 . 3,342,888,554 . 0	. (2,705,191,160) ............... XXX.............. . 105,661,872 . (1,309,565) . 4,018,390 . 116,648,529 . 0	. 128,561,968 ............... XXX.............. . 3,543,407 . (5,402) . 0 . 104,639 . 0	. 13,535,179,772 . 41,816,551 . (210,593,101) . (1,910,852) . 525,365,537 . 1,547,423,653 . 0	. (2,777,661,528) ................................... . (161,553,001) . 390,456 . (5,253,275) . 1,678,711,733 . 0	. 270,572,870 ............... XXX.............. . 10,235,977 . (27,602) . 0 . 0 . 0	................................... ............... XXX.............. ................................... ................................... ............... XXX.............. ............... XXX.............. ............... XXX..............	................................... ................................... ................................... ................................... ................................... . 0 ...................................	. 0 ............... XXX.............. . 0 . 0 . 0 . 0 . 0
   	. 341,614,454 . 0 10,031,884,064	. 32,878,724 . 0 13,634,406	. 0 . 0 0	. 282,304,017 . 0 7,194,516,646	. 26,431,713 . 0 2,822,900,170	. 0 ............... XXX.............. 41	............... XXX.............. ............... XXX.............. 0	................................... ................................... 832,801	. 0 . 0 0
   	22,478,228,386	(2,433,658,804)	132,204,612	22,914,102,223	1,583,966,268	280,781,286	0	832,801	0
   	. 711,322,096 . 0 . 1,576,547,270 . 175,145,343 . 0 . 13,377,089,376 . 0 . 245,911,053 . 12,724,766 (7,190,251,580)	. 621,699,393 . 0 ............... XXX.............. . 514,252 . 0 . 122,022,425 . 0 . 26,288,090 . 0 (3,743,082,011)	. 89,622,703 . 0 ............... XXX.............. . 22,841 . 0 . 0 . 0 . 1,865,748 . 0 1,971,814	. 0 . 0 . 976,226,673 . 0 . 0 . 11,001,594,671 . 0 . 199,694,077 . 12,724,766 (327,004,708)	. 0 . 0 . 600,320,597 . 0 . 0 . 2,253,472,280 . 0 . 15,696,049 . 0 (3,132,583,504)	............... XXX.............. ............... XXX.............. ............... XXX.............. . 174,608,250 . 0 ............... XXX.............. . 0 . 2,367,089 ............... XXX.............. 10,446,829	............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. ............... XXX.............. XXX	................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................	. 0 . 0 ............... XXX.............. . 0 . 0 . 0 . 0 . 0 . 0 0
   	. 8,908,488,324	. (2,972,557,851)	. 93,483,106	. 11,863,235,479	. (263,094,578)	. 187,422,168	............... XXX..............	. 0	. 0
   	. 1,146,130,310 . 333,756,705 . 225,557,749 . 46,692,282 . 0 . 9,328,005,833 1,335,940,899	. 110,263,828 . 44,960,314 . 58,696,962 . 14,318,533 . 0 . 339,667,244 61,686,703	. 21,720,867 . 0 . 26,086,978 . 1,395,747 . 0 . 0 (98,455)	. 941,504,396 . 260,258,126 . 76,123,176 . 30,877,456 . 0 . 8,639,065,442 396,692,537	. 21,412,544 . 28,538,265 . 4,789,306 . 16,892 . 0 . 349,273,147 877,179,262	. 51,193,025 . 0 . 59,861,327 . 83,654 . 0 . 0 480,852	. 0 ............... XXX.............. ................................... ................................... ............... XXX.............. ............... XXX.............. 0	. 35,650 . 0 ................................... ................................... ................................... ................................... 0	............... XXX.............. . 0 . 0 . 0 . 0 . 0 0
   	21,324,572,102	(2,342,964,267)	142,588,243	22,207,756,612	1,018,114,838	299,041,026	0	35,650	0
   	. 1,153,656,284 0	. (90,694,537) 0	. (10,383,631) 0	. 706,345,611 0	. 565,851,430 0	. (18,259,740) 0	. 0 XXX	. 797,151	. 0 0
   	. 1,153,656,284 350,678,296	. (90,694,537) (24,984,093)	. (10,383,631) (2,860,433)	. 706,345,611 212,821,809	. 565,851,430 170,490,937	. (18,259,740) (5,030,105)	. 0	. 797,151 240,181	. 0 0
   	802,977,988	(65,710,444)	(7,523,198)	493,523,802	395,360,493	(13,229,635)	0	556,970	0
   34. Policies/certificates in force end of year	2,360,997	149,971	610,826	622,422	98,088	879,690	XXX		0
   DETAILS OF WRITE-INS	. 62,700,305 . (941,715,609) . 10,583,140,128 . 327,759,240 10,031,884,064	. (18,412,455) . 28,422,788 . 0 . 3,624,073 13,634,406	. 0 . 0 . 0 . 0 0	. 53,494,840 . (677,187,491) . 7,635,505,163 . 182,704,134 7,194,516,646	. 26,785,078 . (292,950,906) . 2,947,634,965 . 141,431,033 2,822,900,170	. 41 . 0 . 0 . 0 41	................................... . 0 . 0 . 0 0	. 832,801 . 0 . 0 . 0 832,801	................................... ................................... ................................... . 0 0
   2701. Sundry disbursements and adjustments .................................................................... 2702. Separate account MODCO reinsurance ceded ............................................................. 2703. IMR ceded ............................................................................................................... 2798. Summary of remaining write-ins for Line 27 from overflow page ............................... 2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)	. 7,193,173 . 1,133,022,767 . 529,238,836 . (333,513,877) 1,335,940,899	. (2,352,352) . 53,343,310 . 53,218,891 . (42,523,146) 61,686,703	. (98,455) . 0 . 0 . 0 (98,455)	. 4,652,764 . 492,119,402 . 121,720,929 . (221,800,558) 396,692,537	. 4,510,364 . 587,560,055 . 354,299,016 . (69,190,173) 877,179,262	. 480,852 . 0 . 0 . 0 480,852	. 0 . 0 . 0 . 0 0	................................... . 0 . 0 . 0 0	................................... ................................... ................................... . 0 0

   1. Premiums and annuity considerations for life and accident and health contracts .........

   2. Considerations for supplementary contracts with life contingencies ............................

   3. Net investment income ............................................................................................

   4. Amortization of Interest Maintenance Reserve (IMR) .................................................

   5. Separate Accounts net gain from operations excluding unrealized gains or losses ......

   6. Commissions and expense allowances on reinsurance ceded ...................................

   7. Reserve adjustments on reinsurance ceded ..............................................................

   8. Miscellaneous Income:

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

   9. Totals (Lines 1 to 8.3) ..............................................................................................

   10. Death benefits .........................................................................................................

   11. Matured endowments (excluding guaranteed annual pure endowments) ....................

   12. Annuity benefits .......................................................................................................

   13. Disability benefits and benefits under accident and health contracts ...........................

   14. Coupons, guaranteed annual pure endowments and similar benefits ..........................

   15. Surrender benefits and withdrawals for life contracts .................................................

   16. Group conversions ..................................................................................................

   17. Interest and adjustments on contract or deposit-type contract funds ...........................

   18. Payments on supplementary contracts with life contingencies ...................................

   19. Increase in aggregate reserves for life and accident and health contracts ...................

   20. Totals (Lines 10 to 19) .............................................................................................

   21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) .............................................................................................

   22. Commissions and expense allowances on reinsurance assumed ...............................

   23. General insurance expenses and fraternal expenses..................................................

   24. Insurance taxes, licenses and fees, excluding federal income taxes ..........................

   25. Increase in loading on deferred and uncollected premiums ........................................

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

   27. Aggregate write-ins for deductions ...........................................................................

   28. Totals (Lines 20 to 27) .............................................................................................

   29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ..........................................................

   30. Dividends to policyholders and refunds to members ..................................................

   31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ...............................................

   32. Federal income taxes incurred (excluding tax on capital gains) ..................................

   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)

   1. Sundry receipts and adjustments ............................................................................

   2. Funds Withheld Assumed NII incl derivative activity net of SSAP 108 deferral ...

   3. Seperate account MODCO reinsurance assumed ..........................................................

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

   2. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

   ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

   	1 Total	2 Industrial Life	3 Whole Life	4 Term Life	5 Indexed Life	6 Universal Life	7 Universal Life With Secondary Guarantees	8 Variable Life	9 Variable Universal Life	10 Credit Life (c)	11 Other Individual Life	12 YRT Mortality Risk Only
   	. (2,705,191,160) ...........XXX............ . 105,661,872 . (1,309,565)	. 0 ...........XXX............ ........................... ...........................	. 0 ...........XXX............ . 0 . 0	. 1,523 ...........XXX............ . (77,063) . 0	. (12,117,320) ...........XXX............ . 89,639,127 . (1,282,005)	. 0 ...........XXX............ . (1,895) . 0	. (3,210,155,804) ...........XXX............ . 9,056,371 . 0	. 0 ...........XXX............ . 0 . 0	. 439,801,047 ...........XXX............ . 4,287,943 . (22,892)	. 0 ...........XXX............ . 0 . 0	. 77,279,394 ...........XXX............ . 2,757,389 . (4,668)	........................... ...........XXX............ ........................... ...........................
   	. 4,018,390 . 116,648,529 . 0	........................... ........................... ...........................	. 0 . 0 . 0	. 0 . (6,298,064) . 0	. 0 . (197,439,438) . 0	. 0 . 0 . 0	. 0 . 371,757,853 . 0	. 0 . 0 . 0	. 4,018,390 . (52,112,072) . 0	. 0 . 0 . 0	. 0 . 740,250 . 0	........................... ........................... ...........................
   	. 32,878,724 . 0 13,634,405	........................... ........................... 0	. 0 . 0 0	. 0 . 0 0	. 0 . 0 (25,699,975)	. 0 . 0 0	. 0 . 0 60,553,392	. 0 . 0 0	. 32,878,724 . 0 (21,309,567)	. 0 . 0 0	. 0 . 0 90,555	........................... ........................... 0
   	(2,433,658,805)	0	0	(6,373,604)	(146,899,611)	(1,895)	(2,768,788,188)	0	407,541,573	0	80,862,920	0
   	. 621,699,393 . 0 ...........XXX............ . 514,252 . 0 . 122,022,425 . 0 . 26,288,090 . 0 (3,743,082,011)	........................... ........................... ...........XXX............ ........................... ........................... ........................... ........................... ........................... ........................... 0	. 0 . 0 ...........XXX............ . 0 . 0 . 0 . 0 . 0 . 0 0	. 0 . 0 ...........XXX............ . 0 . 0 . 0 . 0 . 0 . 0 0	. 110,087,550 . 0 ...........XXX............ . 0 . 0 . 52,118,717 . 0 . 20,185,570 . 0 (1,747,684,064)	. 0 . 0 ...........XXX............ . 0 . 0 . 0 . 0 . 0 . 0 0	. 370,431,728 . 0 ...........XXX............ . 0 . 0 . 12,662,642 . 0 . 2,249,324 . 0 (1,811,324,401)	. 0 . 0 ...........XXX............ . 0 . 0 . 0 . 0 . 0 . 0 0	. 64,987,640 . 0 ...........XXX............ . 0 . 0 . 57,241,066 . 0 . 1,984,741 . 0 (189,440,937)	. 0 . 0 ...........XXX............ . 0 . 0 . 0 . 0 . 0 . 0 0	. 76,192,475 . 0 ...........XXX............ . 514,252 . 0 . 0 . 0 . 1,868,455 . 0 5,367,391	........................... ........................... ...........XXX............ ........................... ........................... ........................... ........................... ........................... ........................... 0
   	. (2,972,557,851)	. 0	. 0	. 0	. (1,565,292,227)	. 0	. (1,425,980,707)	. 0	. (65,227,490)	. 0	. 83,942,573	. 0
   	. 110,263,828 . 44,960,314 . 58,696,962 . 14,318,533 . 0 . 339,667,244 61,686,702	........................... ........................... ........................... ........................... ........................... ........................... 0	. 0 . 0 . 0 . 0 . 0 . 0 0	. 69,828 . 0 . 3,209,034 . (51,654) . 0 . 0 20,555	. 11,989,286 . 947,424,670 . 4,217,566 . 3,037,381 . 0 . (4) 45,581,990	. 0 . 0 . 29,865 . (899) . 0 . 0 380	. 0 . (908,164,907) . 219,814 . 4,179,004 . 0 . 0 (42,520,311)	. 0 . 0 . 0 . 0 . 0 . 0 0	. 97,533,974 . 0 . 50,682,094 . 7,168,637 . 0 . 339,667,248 58,599,281	. 0 . 0 . 0 . 0 . 0 . 0 0	. 670,740 . 5,700,551 . 338,589 . (13,936) . 0 . 0 4,807	...........XXX............ ........................... ........................... ........................... ........................... ........................... 0
   	(2,342,964,268)	0	0	3,247,763	(553,041,338)	29,346	(2,372,267,107)	0	488,423,744	0	90,643,324	0
   	. (90,694,537) 0	. 0	. 0	. (9,621,367)	. 406,141,727	. (31,241)	. (396,521,081)	. 0	. (80,882,171)	. 0	. (9,780,404)	. 0
   	. (90,694,537) (24,984,093)	. 0 0	. 0 0	. (9,621,367) (2,650,448)	. 406,141,727 111,881,961	. (31,241) (8,606)	. (396,521,081) (109,231,712)	. 0 0	. (80,882,171) (22,281,030)	. 0 0	. (9,780,404) (2,694,258)	. 0 0
   	(65,710,444)	0	0	(6,970,919)	294,259,766	(22,635)	(287,289,369)	0	(58,601,141)	0	(7,086,146)	0
   34. Policies/certificates in force end of year	149,971			4,115	43,180	8,246			94,430
   DETAILS OF WRITE-INS	. (18,412,455) . 28,422,787 . 9,996 . 3,614,077 13,634,405	. 0 ........................... ........................... . 0 0	. 0 . 0 . 0 . 0 0	. 0 . 0 . 0 . 0 0	. 2,806,728 . (30,677,074) . 188 . 2,170,183 (25,699,975)	. 0 . 0 . 0 . 0 0	. 0 . 59,099,861 . 9,637 . 1,443,894 60,553,392	. 0 . 0 . 0 . 0 0	. (21,309,738) . 0 . 171 . 0 (21,309,567)	. 0 . 0 . 0 . 0 0	. 90,555 . 0 . 0 . 0 90,555	........................... ........................... ........................... . 0 0
   2701. Sundry disbursements and adjustments..................................................	. (2,352,353)	...........................	. 0	. 20,555	. (16,924)	. 380	. 2,835	. 0	. (2,364,006)	. 0	. 4,807	...........................
   2702. Separate account MODCO reinsurance ceded............................................	. 53,343,310	...........................	. 0	. 0	. 0	. 0	. 0	. 0	. 53,343,310	. 0	. 0	...........................
   2703. IMR ceded..........................................................................................	. 53,218,891	...........................	. 0	. 0	. 45,598,914	. 0	. 0	. 0	. 7,619,977	. 0	. 0	...........................
   2798. Summary of remaining write-ins for Line 27 from overflow page ................	. (42,523,146)	. 0	. 0	. 0	. 0	. 0	. (42,523,146)	. 0	. 0	. 0	. 0	. 0
   2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)	61,686,702	0	0	20,555	45,581,990	380	(42,520,311)	0	58,599,281	0	4,807	0

   1. Premiums for life contracts (a) ...............................................................

   2. Considerations for supplementary contracts with life contingencies ............

   3. Net investment income ........................................................................

   4. Amortization of Interest Maintenance Reserve (IMR) ................................

   5. Separate Accounts net gain from operations excluding unrealized gains or losses .............................................................................................

   6. Commissions and expense allowances on reinsurance ceded ...................

   7. Reserve adjustments on reinsurance ceded ............................................

   8. Miscellaneous Income:

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

   9. Totals (Lines 1 to 8.3) ..........................................................................

   10. Death benefits ....................................................................................

   11. Matured endowments (excluding guaranteed annual pure endowments) .....

   12. Annuity benefits ..................................................................................

   13. Disability benefits and benefits under accident and health contracts ...........

   14. Coupons, guaranteed annual pure endowments and similar benefits ..........

   15. Surrender benefits and withdrawals for life contracts ................................

   16. Group conversions ..............................................................................

   17. Interest and adjustments on contract or deposit-type contract funds ...........

   18. Payments on supplementary contracts with life contingencies ...................

   19. Increase in aggregate reserves for life and accident and health contracts ...

   20. Totals (Lines 10 to 19) .........................................................................

   21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) ....................................................

   22. Commissions and expense allowances on reinsurance assumed ...............

   23. General insurance expenses ................................................................

   24. Insurance taxes, licenses and fees, excluding federal income taxes ..........

   25. Increase in loading on deferred and uncollected premiums .......................

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

   27. Aggregate write-ins for deductions ........................................................

   28. Totals (Lines 20 to 27) .........................................................................

   29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) ......................

   30. Dividends to policyholders and refunds to members .................................

   31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) ..........

   32. Federal income taxes incurred (excluding tax on capital gains) ..................

   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)

   1. Sundry receipts and adjustments.........................................................

   2. Funds Withheld Assumed NII incl derivative activity net of SSAP 108 deferral...........................................................................................

   3. Seperate account MODCO reinsurance assumed.........................................

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

   2. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

   6.1

   1. Include premium amounts for preneed plans included in Line 1 ...........................

   2. Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. ......................................................................................................................................................................................

   3. Individual and Group Credit Life are combined and included on .......................................................................................... page. (Indicate whether included with Individual or Group.)

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

6.2

1. Includes the following amounts for FEGLI/SGLI: Line 1 ................................. , Line 10 ............... ........................... , Line 16 ............... ........................... , Line 23 ............... ........................... , Line 24 ............... ...........................

2. Include premium amounts for preneed plans included in Line 1 ...........................

3. Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. ......................................................................................................................................................................................

4. Individual and Group Credit Life are combined and included on .......................................................................................... page. (Indicate whether included with Individual or Group.)

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)

6.3

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected. ............................................................................................................................................................................

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP ANNUITIES (a)

6.4

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. ......................................................................................................................................................................................

6.5

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - ACCIDENT AND HEALTH (a)