Brooke Life Insurance Company 2023 annual statutory statement

ANNUAL STATEMENT

OF THE

BROOKE LIFE INSURANCE COMPANY

TO THE

Insurance Department

OF THE

STATE OF

Michigan

FOR THE YEAR ENDED

DECEMBER 31, 2023

[ X ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2023

.MI

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

ASSETS

			Current Year		Prior Year
		1	2	3	4
				Net Admitted Assets	Net Admitted
		Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1.	Bonds (Schedule D)	................212,910,736	.................................0	................212,910,736	................258,105,935
2.	Stocks (Schedule D):
	2.1 Preferred stocks	0	0	0	0
	2.2 Common stocks	4,652,621,647	0	4,652,621,647	5,987,417,659

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

	3.1 First liens				0	0	0	0
	3.2 Other than first liens			0	0	0	0
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $	0
	.......................................................................................encumbrances)			0	0	0	0
	4.2 Properties held for the production of income (less
	$	0 encumbrances)		0	0	0	0
	4.3 Properties held for sale (less $	0
	.......................................................................................encumbrances)			.................................0	.................................0	.................................0	.................................0
5.	Cash ($	(1,217,528) , Schedule E - Part 1), cash equivalents
	($	2,461,490	, Schedule E - Part 2) and short-term
	investments ($	.................................	0 , Schedule DA)	1,243,962	0	1,243,962	1,126,923
6.	Contract loans (including $	.................................0	......premium notes)	...................... 474,011	.................................0	...................... 474,011	...................... 604,124
7.	.............................................................................Derivatives (Schedule DB)			.................................0	.................................0	.................................0	.................................0
8.	............................................................Other invested assets (Schedule BA)		23,637,737	1,201,346	22,436,391	24,648,615
9.	Receivables for securities			21,007	0	21,007	0
10.	Securities lending reinvested collateral assets (Schedule DL)	0	0	0	0
11.	.........................................................Aggregate write-ins for invested assets		.................................0	.................................0	.................................0	.................................0
12.	.....................................Subtotals, cash and invested assets (Lines 1 to 11)		............ 4,890,909,100	................... 1,201,346	............ 4,889,707,754	............ 6,271,903,256
13.	Title plants less $	0 charged off (for Title insurers
	only)				0	0	0	0
14.	Investment income due and accrued		1,494,480	0	1,494,480	1,830,888
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	................... 4,036,453	.................................0	................... 4,036,453	...................5,014,641
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	earned but unbilled premiums)		71,080	0	71,080	64,884
	.................................15.3 Accrued retrospective premiums ($	0 ) and
	contracts subject to redetermination ($	0 )	.................................0	0	0	0

16. Reinsurance:

	16.1 Amounts recoverable from reinsurers	67,577	0	67,577	10,000
	16.2 Funds held by or deposited with reinsured companies	0	0	0	0
	........................16.3 Other amounts receivable under reinsurance contracts	0	.................................0	.................................0	.................................0
17.	............................................Amounts receivable relating to uninsured plans	.................................0	.................................0	.................................0	.................................0
18.1	....Current federal and foreign income tax recoverable and interest thereon	.......................767,244	.................................0	.......................767,244	.......................565,307
18.2	Net deferred tax asset	.................................0	.................................0	.................................0	.................................0
19.	Guaranty funds receivable or on deposit	.................................0	.................................0	.................................0	.................................0
20.	.....................................Electronic data processing equipment and software	.................................0	.................................0	.................................0	.................................0
21.	Furniture and equipment, including health care delivery assets
	($	0 )	.................................0	.................................0	.................................0	.................................0
22.	Net adjustment in assets and liabilities due to foreign exchange rates	.................................0	.................................0	.................................0	.................................0
23.	Receivables from parent, subsidiaries and affiliates	.................................0	.................................0	.................................0	.................................0
24.	Health care ($	0 ) and other amounts receivable	.................................0	.................................0	.................................0	.................................0
25.	........................................Aggregate write-ins for other than invested assets	...................1,648,288	.................................0	...................1,648,288	................... 1,023,713
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	............ 4,898,994,222	................... 1,201,346	............ 4,897,792,876	............ 6,280,412,689
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts	.................................0	.................................0	.................................0	.................................0
28.	Total (Lines 26 and 27)		4,898,994,222	1,201,346	4,897,792,876	6,280,412,689
	DETAILS OF WRITE-INS
1101.	......................................................................................................................	....................................	....................................	....................................	....................................
1102.	......................................................................................................................	....................................	....................................	....................................	....................................
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	...................Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)	0	0	0	0
2501.	Cash held by third party administrator	1,092,238	0	1,092,238	1,023,713
2502.	....................................................................................................Admitted Disallowed IMR	556,050	.................................0	...................... 556,050	.................................0
2503.	...........................................................................................................................................................		....................................	....................................	....................................
2598.	...................Summary of remaining write-ins for Line 25 from overflow page	.................................0	.................................0	.................................0	.................................0
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	1,648,288	0	1,648,288	1,023,713

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current Year	Prior Year
1.	Aggregate reserve for life contracts $	............... 221,456,820 (Exh. 5, Line 9999999) less $	0
	included in Line 6.3 (including $	14,310,578 Modco Reserve)	..........................................................................	221,456,820	264,496,366
2.	Aggregate reserve for accident and health contracts (including $	0 Modco Reserve)	0	0
3.	Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $	................... 1,302,195	Modco Reserve)	................... 3,093,613	2,646,591

4. Contract claims:


4.1	Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)	................. 12,512,808	14,837,549
4.2	Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)	.................................0	0
5. Policyholders' dividends/refunds to members $	0 and coupons $	0 due
and unpaid (Exhibit 4, Line 10)	.................................0	0

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

	6.1	Policyholders' dividends and refunds to members apportioned for payment (including $	0
		Modco)						.................................0	.................................0
	6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	0	Modco) ....	..........................8,602	..........................8,719
	6.3	Coupons and similar benefits (including $	0	Modco)		.................................0	.................................0
7.	.......................................................................Amount provisionally held for deferred dividend policies not included in Line 6		.................................0	.................................0
8.	Premiums and annuity considerations for life and accident and health contracts received in advance less
	$	.................................0	.................................discount; including $	0 accident and health premiums (Exhibit 1,
	Part 1, Col. 1, sum of lines 4 and 14)					..........................1,265	............................. 797
9.	Contract liabilities not included elsewhere:
	9.1	............................................................................................................................Surrender values on canceled contracts					.................................0	.................................0
	9.2	Provision for experience rating refunds, including the liability of $		.................................0	accident and health
		experience rating refunds of which $	0	is for medical loss ratio rebate per the Public Health
		Service Act						.................................0	.................................0
	9.3 Other amounts payable on reinsurance, including $	10,409 assumed and $	0
		ceded						........................ 10,409	...................... 145,638
	........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6)				.................................0	................... 2,303,817
10.	Commissions to agents due or accrued-life and annuity contracts $	.................................	0	accident and health

	$	.................................0 and deposit-type contract funds $	0		.................................0	.................................0
11.	Commissions and expense allowances payable on reinsurance assumed		.................................0	.................................0
12.	..................................................................................................General expenses due or accrued (Exhibit 2, Line 12, Col. 7)				........................ 27,258	........................ 13,705
13.	Transfers to Separate Accounts due or accrued (net) (including $	.................................	0	accrued for expense

	...........................................................................................allowances recognized in reserves, net of reinsured allowances)				.................................0	.................................0
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)	.................................0	.................................0
15.1	Current federal and foreign income taxes, including $	0 on realized capital gains (losses)	.................................0	.................................0
15.2	.............................................................................................................................................................Net deferred tax liability						.................................0	.................................0
16.	...................................................................................................................................................Unearned investment income					........................ 13,023	........................ 16,381
17.	........................................................................................Amounts withheld or retained by reporting entity as agent or trustee				........................ 30,516	........................ 50,344
18.	Amounts held for agents' account, including $	0	agents' credit balances	.................................0	.................................0
19.	Remittances and items not allocated					...................... 185,099	..........................1,146
20.	Net adjustment in assets and liabilities due to foreign exchange rates	.....................................................................................			.................................0	.................................0
21.	.......................................................................................Liability for benefits for employees and agents if not included above				.................................0	.................................0
22.	.................................Borrowed money $	0	and interest thereon $	.................................	0	............................................	0	0
23.	Dividends to stockholders declared and unpaid				0	0

24. Miscellaneous liabilities:


	24.01	...............................................................................................................Asset valuation reserve (AVR, Line 16, Col. 7)		................... 3,553,210	................... 3,527,821
	.................................24.02 Reinsurance in unauthorized and certified ($	0 ) companies	.................................0	.................................0
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	0 ) reinsurers	.................................0	.................................0
	24.04	Payable to parent, subsidiaries and affiliates		...................... 117,845	...................... 181,498
	24.05	Drafts outstanding			.................................0	.................................0
	24.06	............................................................................................................Liability for amounts held under uninsured plans		.................................0	.................................0
	24.07	........................................................................................................................................Funds held under coinsurance			.................................0	.................................0
	24.08	Derivatives			.................................0	.................................0
	24.09	Payable for securities			.................................0	.................................0
	24.10	Payable for securities lending			.................................0	.................................0
	.................................24.11 Capital notes $	0 and interest thereon $	.................................	0	.................................0	.................................0
25.	................................................................................................................................................Aggregate write-ins for liabilities			153,196	26,929,006
26.	.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)		241,163,664	315,159,378
27.	.........................................................................................................................................From Separate Accounts Statement			.................................0	.................................0
28.	Total liabilities (Lines 26 and 27)			241,163,664	315,159,378
29.	...............................................................................................................................................................Common capital stock			................. 51,500,000	................. 51,500,000
30.	...............................................................................................................................................................Preferred capital stock			.................................0	.................................0
31.	Aggregate write-ins for other than special surplus funds		.................................0	.................................0
32.	.............................................................................................................................................................................Surplus notes			............ 2,000,000,000	............ 2,000,000,000
33.	Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)	...............................................	............ 2,026,188,014	............ 2,176,188,014
34.	............................................................................................................................Aggregate write-ins for special surplus funds		...................... 556,050	.................................0
35.	Unassigned funds (surplus)			578,385,148	1,737,565,297

36. Less treasury stock, at cost:

	36.1	0 shares common (value included in Line 29	$	.................................0	)	.................................0	.................................0
	36.2	0 shares preferred (value included in Line 30	$	.................................0	)	.................................0	.................................0
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $	0 in Separate Accounts Statement)	4,605,129,212	5,913,753,311
38.	......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)			4,656,629,212	5,965,253,311
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)				4,897,792,876	6,280,412,689
	DETAILS OF WRITE-INS
2501.	Interest payable on death claims
		...................... 153,196	...................... 432,881
2502.	Interest payable on surplus note			.................................0	................. 26,488,222
2503.	Investment escrow & unallocated proceeds			0	.......................... 7,903
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page			.................................0	.................................0
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)				153,196	26,929,006
3101		....................................

3102		....................................
3103		....................................
3198.	Summary of remaining write-ins for Line 31 from overflow page	.................................0	.................................0
3199.	Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)	0	0
3401.	Admitted Disallowed IMR	556,050	.................................0

3402
3403
3498.	Summary of remaining write-ins for Line 34 from overflow page	0	.................................0
3499.	Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)	556,050	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

1	2
Current Year	Prior Year

1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1 less

	Col. 8)	17,413,243	23,990,209
2.	Considerations for supplementary contracts with life contingencies	.................................0	.................................0
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	................393,784,790	................(82,099,572)
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	...................... 122,863	.......................743,889
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	.................................0	.................................0
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	........................ 76,956	........................ 82,471
7.	Reserve adjustments on reinsurance ceded	.....................(994,386)	.....................(712,458)
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate
	Accounts	.................................0	.................................0
	8.2 Charges and fees for deposit-type contracts	........................ 35,233	........................ 22,034
	8.3 Aggregate write-ins for miscellaneous income	2,732	0

9.	Total (Lines 1 to 8.3)	410,441,431	(57,973,427)
10.	Death benefits	................. 15,092,566	................. 28,638,291
11.	Matured endowments (excluding guaranteed annual pure endowments)	.................................0	.................................0
12.	Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)	................... 9,245,575	................... 8,370,145
13.	Disability benefits and benefits under accident and health contracts	.................................0	.................................0
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	................. 43,037,507	................. 20,711,740
16.	Group conversions	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	.....................(205,613)	........................ 96,348
18.	Payments on supplementary contracts with life contingencies	.................................0	.................................0
19.	Increase in aggregate reserves for life and accident and health contracts	(43,039,546)	(7,447,399)
20.	Totals (Lines 10 to 19)	24,130,489	................. 50,369,125
21.	Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part
	2, Line 31, Col. 1)	........................ 21,118	........................ 82,002
22.	Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)	..........................1,300	..........................1,496
23.	General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)	...................... 610,117	.......................713,695
24.	Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)	..........................2,715	..........................2,809
25.	Increase in loading on deferred and uncollected premiums	............................(335)	............................. 495
26.	Net transfers to or (from) Separate Accounts net of reinsurance	.................................0	.................................0
27.	Aggregate write-ins for deductions	0	0
28.	Totals (Lines 20 to 27)	24,765,404	51,169,622
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus
	Line 28)	385,676,027	(109,143,049)
30.	Dividends to policyholders and refunds to members	8,828	8,451
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29
	minus Line 30)	385,667,199	(109,151,500)
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	(5,862)	(40,191)

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)		385,673,061	(109,111,309)
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
	$	496,011 (excluding taxes of $	......................................(692,086) transferred to the IMR)	(496,011)	(125,505)
35.	Net income (Line 33 plus Line 34)		385,177,050	..............(109,236,814)
		CAPITAL AND SURPLUS ACCOUNT
36.	...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)	5,965,253,311	6,095,674,651
37.	Net income (Line 35)		385,177,050	..............(109,236,814)
38.	...................Change in net unrealized capital gains (losses) less capital gains tax of $	214,253	.......... (1,183,940,464)	................489,700,389
39.	Change in net unrealized foreign exchange capital gain (loss)		.................................0	.................................0
40.	Change in net deferred income tax		...................... 214,253	...................... 150,264
41.	Change in nonadmitted assets		...................... (49,549)	........................ 97,098
42.	.............................................................................Change in liability for reinsurance in unauthorized and certified companies	.................................0	.................................0
43.	...............................................................Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	.................................0
44.	............................................................................................................................................Change in asset valuation reserve		.......................(25,389)	................. (1,132,278)
45.	Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)	.................................0	.................................0
46.	Surplus (contributed to) withdrawn from Separate Accounts during period	.................................0	.................................0
47.	......................................................................................................Other changes in surplus in Separate Accounts Statement		.................................0	.................................0
48.	............................................................................................................................................................Change in surplus notes		.................................0	.................................0
49.	Cumulative effect of changes in accounting principles		.................................0	.................................0
50.	Capital changes:
	50.1 Paid in			.................................0	.................................0
	50.2 Transferred from surplus (Stock Dividend)		.................................0	.................................0
	.......................................................................................................................................................50.3 Transferred to surplus		.................................0	.................................0

51. Surplus adjustment:

	51.1	Paid in	(150,000,000)	0
	51.2	Transferred to capital (Stock Dividend)	0	0
	51.3	Transferred from capital	0	.................................0
	51.4	Change in surplus as a result of reinsurance	.................................0	.................................0
52.	.........................................................................................................................................................Dividends to stockholders	..............(360,000,000)	..............(510,000,000)
53.	..................................................................................................................Aggregate write-ins for gains and losses in surplus	0	0
54.	Net change in capital and surplus for the year (Lines 37 through 53)	(1,308,624,099)	(130,421,340)
55.	Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)	4,656,629,212	5,965,253,311
	DETAILS OF WRITE-INS
..........................................................................................................................................................................................08.301. Miscellaneous income	2,732	.................................0
08.302.	........................................................................................................................................................................................................................................		....................................
08.303.	........................................................................................................................................................................................................................................		....................................
.............................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.................................0	.................................0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)	2,732	0
2701		....................................

2702		....................................
2703		....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	.................................0	.................................0
2799.	Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)	0	0
5301		....................................

5302		....................................
5303		....................................
5398.	Summary of remaining write-ins for Line 53 from overflow page	.................................0	.................................0
5399.	Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)	0	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

CASH FLOW

Cash from Operations

Current Year

Prior Year

1.	.....................................................................................................................................Premiums collected net of reinsurance	................. 18,386,037	................. 25,510,953
2.	..............................................................................................................................................................Net investment income	................367,715,331	................(81,798,571)
3.	...............................................................................................................................................................Miscellaneous income	79,688	82,471
4.	Total (Lines 1 through 3)	386,181,056	(56,205,147)
5.	Benefit and loss related payments	................. 70,115,383	................. 69,784,675
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	.................................0	.................................0
7.	.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions	...................... 648,955	...................... 809,462
8.	.................................................................................................................................................Dividends paid to policyholders	..........................8,945	..........................8,850
9.	.................................Federal and foreign income taxes paid (recovered) net of $	0 tax on capital gains (losses)	0	0
10.	Total (Lines 5 through 9)	70,773,283	70,602,987
11.	Net cash from operations (Line 4 minus Line 10)	315,407,773	(126,808,134)
		Cash from Investments
12.	Proceeds from investments sold, matured or repaid:
	12.1	Bonds	................. 41,707,653	................. 33,535,365
	12.2	Stocks	............... 150,000,000	............... 600,000,000
	12.3	Mortgage loans	.................................0	.................................0
	12.4	Real estate	.................................0	.................................0
	12.5	Other invested assets	................... 3,641,748	...................... 809,550
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	..................................................................	.................................0	.................................0
	12.7	Miscellaneous proceeds	0	0
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	................195,349,401	................634,344,915
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	.................................0	...................5,222,211
	13.2	Stocks	.................................0	.................................0
	13.3	Mortgage loans	.................................0	.................................0
	13.4	Real estate	.................................0	.................................0
	13.5	Other invested assets	...................... 409,271	...................... 160,593
	13.6	Miscellaneous applications	21,007	0
	13.7	Total investments acquired (Lines 13.1 to 13.6)	430,278	5,382,804
14.	Net increase/(decrease) in contract loans and premium notes	(130,113)	(14,025)
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	195,049,236	628,976,136
		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	..............(150,000,000)	.................................0
	.................................................................................................................................................................16.3 Borrowed funds	.................................0	.................................0
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	.....................(349,038)	...................... 254,117

	.................................................................................................................................................16.5 Dividends to stockholders	................360,000,000	............... 510,000,000
	16.6 Other cash provided (applied)	9,068	(153,730)
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	(510,339,970)	(509,899,613)
		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)	117,039	(7,731,611)
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	................... 1,126,923	................... 8,858,534
	19.2 End of year (Line 18 plus Line 19.1)		1,243,962	1,126,923

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

20.0001.	Transfer	of debt securities for debt securities and/or equity securities	.................................0	...................1,281,690
20.0002.	Non-cash	exchange of financial assets with subsidiary	.................................0	................. 24,582,031

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

		1	2	3		4	5	6	7		8		9
											Other Lines of		YRT Mortality
		Total	Individual Life	Group Life		Individual Annuities	Group Annuities	Accident and Health	Fraternal		Business		Risk Only
1.	Premiums and annuity considerations for life and accident and health contracts	...................17,413,243	.........................76,364	.................................	0	....................... 167,219	................................. 0	................................. 0	.................................	0	.................................	0	...................17,169,660
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0	...............XXX	...............XXX	.................................	0	...............XXX
3.	Net investment income	.................393,784,790	...................21,168,972	.................................	0	.................368,564,786	................................. 0	................................. 0	.................................	0	.................................	0	.................... 4,051,032
4.	Amortization of Interest Maintenance Reserve (IMR)	....................... 122,863	...........................6,605	.................................	0	114,994	0	0	.................................	0	.................................	0	1,264
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................................. 0	................................. 0	.................................	0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	.........................76,956	.........................76,956	.................................	0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
7.	Reserve adjustments on reinsurance ceded	......................(994,386)	......................(994,386)	.................................	0	0	0	0	...............XXX	.................................	0	0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and
	contract guarantees from Separate Accounts	................................. 0	................................. 0	.................................	0	0	0	0	...............XXX	.................................	0	0
	8.2 Charges and fees for deposit-type contracts	.........................35,233	................................. 0	.................................	0	.........................35,233	................................. 0	...............XXX	...............XXX	.................................	0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	2,732	147		0	2,557	0	0		0		0	28
9.	Totals (Lines 1 to 8.3)	410,441,431	20,334,658		0	368,884,789	0	0		0		0	21,221,984
10.	Death benefits	...................15,092,566	....................... 313,178	.................................	0	................................. 0	................................. 0	...............XXX	...............XXX	.................................	0	.................. 14,779,388
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	.................................	0	0	0	...............XXX	...............XXX	.................................	0	0
12.	Annuity benefits	.................... 9,245,575	...............XXX	...............XXX	.................... 9,245,575	................................. 0	...............XXX	...............XXX	.................................	0	...............XXX
13.	Disability benefits and benefits under accident and health contracts	................................. 0	................................. 0	.................................	0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	.................................	0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	.................. 43,037,507	.........................48,567	.................................	0	42,988,940	0	...............XXX	...............XXX	.................................	0	0
16.	Group conversions	................................. 0	................................. 0	.................................	0	0	0	0	...............XXX	.................................	0	0
17.	Interest and adjustments on contract or deposit-type contract funds	......................(205,613)	................................. 0	.................................	0	......................(205,613)	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
18.	Payments on supplementary contracts with life contingencies	................................. 0	................................. 0	.................................	0	................................. 0	................................. 0	...............XXX	...............XXX	.................................	0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(43,039,546)	(957,901)		0	(41,282,644)	0	0	XXX			0	(799,001)
20.	Totals (Lines 10 to 19)	.................. 24,130,489	......................(596,156)	.................................	0	.................. 10,746,258	................................. 0	................................. 0	...............XXX	.................................	0	.................. 13,980,387

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

	(direct business only)	21,118	0	0	21,118	0	0	.................................	0	0	...............XXX
22.	...............................Commissions and expense allowances on reinsurance assumed	1,300	...........................1,300	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
23.	..................................................General insurance expenses and fraternal expenses	....................... 610,117	......................... 32,799	................................. 0	....................... 571,042	................................. 0	................................. 0	.................................	0	................................. 0	...........................6,276
24.	Insurance taxes, licenses and fees, excluding federal income taxes	...........................2,715	...........................2,225	................................. 0	462	0	0	.................................	0	0	28
25.	........................................Increase in loading on deferred and uncollected premiums	............................ (335)	............................ (335)	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	................................. 0	................................. 0
27.	...........................................................................Aggregate write-ins for deductions	0	0	0	0	0	0		0	0	0
28.	.............................................................................................Totals (Lines 20 to 27)	24,765,404	(560,167)	0	11,338,880	0	0		0	0	13,986,691
29.	Net gain from operations before dividends to policyholders, refunds to members and
	..........................................................federal income taxes (Line 9 minus Line 28)	.................385,676,027	.................. 20,894,825	................................. 0	.................357,545,909	................................. 0	................................. 0	.................................	0	................................. 0	.................... 7,235,293
30.	..................................................Dividends to policyholders and refunds to members	8,828	8,828	0	0	0	0	XXX		0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and
	...............................................before federal income taxes (Line 29 minus Line 30)	.................385,667,199	.................. 20,885,997	................................. 0	.................357,545,909	................................. 0	................................. 0	.................................	0	................................. 0	.................... 7,235,293
32.	..................................Federal income taxes incurred (excluding tax on capital gains)	(5,862)	(318)	0	(5,434)	0	0		0	0	(110)
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)	385,673,061	20,886,315	0	357,551,343	0	0		0	0	7,235,403
34.	Policies/certificates in force end of year	2,257	30	0	2,227	0	0	XXX		0	0
	DETAILS OF WRITE-INS
..............................................................................................08.301. Miscellaneous income	...........................2,732	..............................147	................................. 0	...........................2,557	................................. 0	................................. 0	.................................	0	................................. 0	............................... 28
.08.302	................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
.08.303	................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	.................................	0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	2,732	147	0	2,557	0	0		0	0	28
2701	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2702	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	................................. 0	................................. 0	................................. 0	0	0	0	.................................	0	0	0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0		0	0	0

6.1

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

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

		1	2	3	4	5	6	7	8		9		10		11		12
								Universal Life
								With Secondary			Variable		Credit Life		Other Individual		YRT Mortality
		Total	Industrial Life	Whole Life	Term Life	Indexed Life	Universal Life	Guarantees	Variable Life		Universal Life		(c)		Life		Risk Only
1.	Premiums for life contracts(a)	............ 14,712,854	0	.................. 22,939	.................. 36,871	..........................0	.................. 16,554	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	............ 14,636,490
2.	Considerations for supplementary contracts with life contingencies	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
3.	Net investment income	.............25,074,669	..........................0	.............10,096,556	................. 254,884	..........................0	.............10,817,532	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..............3,905,697
4.	Amortization of Interest Maintenance Reserve (IMR)	....................7,824	..........................0	....................3,150	........................ 80	..........................0	....................3,375	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	....................1,219

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

	losses	..........................0	..........................0	..........................0	..........................0
6.	Commissions and expense allowances on reinsurance ceded	.................. 76,956	.................. 36,704	.......................927	.................. 39,325
7.	Reserve adjustments on reinsurance ceded	............... (994,386)	............... (474,273)	.................(11,973)	................(508,140)

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management,
	administration and contract guarantees from Separate Accounts	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0
	8.2 Charges and fees for deposit-type contracts	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
	8.3 Aggregate write-ins for miscellaneous income	175	0	70	2	0	75	0	0	0	0	0	28
9.	Totals (Lines 1 to 8.3)	38,878,092	0	9,685,146	280,791	0	10,368,721	0	0	0	0	0	18,543,434
10.	Death benefits	.............. 6,002,032	0	.................117,455	....................4,579	..........................0	.................191,144	..........................0	..........................0	..........................0	..........................0	..........................0	.............. 5,688,854
11.	.....Matured endowments (excluding guaranteed annual pure endowments)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
12.	..................................................................................Annuity benefits	...........XXX	.......................XXX	.......................XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
13.	...........Disability benefits and benefits under accident and health contracts	..........................0	0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
14.	..........Coupons, guaranteed annual pure endowments and similar benefits	..........................0	0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
15.	Surrender benefits and withdrawals for life contracts	.................. 48,567	..........................0	.................. 19,907	..........................0	..........................0	...................28,660	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
16.	Group conversions	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
17.	...........Interest and adjustments on contract or deposit-type contract funds	..........................0	0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
18.	Payments on supplementary contracts with life contingencies	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
19.	Increase in aggregate reserves for life and accident and health contracts ...	(1,735,363)	0	(403,604)	(4,779)	0	(549,518)	0	0	0	0	0	(777,462)
20.	Totals (Lines 10 to 19)	..............4,315,236	0	................(266,242)	..................... (200)	..........................0	............... (329,714)	..........................0	..........................0	..........................0	..........................0	..........................0	..............4,911,392

21. Commissions on premiums, annuity considerations and deposit-type

	contract funds (direct business only)	0	0	0	0	0		..........................	0	0	0	0	0	0			...........XXX
22.	Commissions and expense allowances on reinsurance assumed	1,300	0	364	2	0		.......................	934	0	0	0	0	0	0
23.	General insurance expenses			0		15,643		395		0		..................	16,761		0		0		0		0		0		6,051
	38,850
24.	Insurance taxes, licenses and fees, excluding federal income taxes			..........................0			....................1,061			........................ 27			..........................0		....................	1,137			..........................0			0			..........................0			..........................0			..........................0		........................ 28
	....................2,253
25.	Increase in loading on deferred and uncollected premiums			0							..........................	0			..........................0
	..................... (335)			..................... (135)		..................... (200)			..........................0					..........................0			..........................0			..........................0			..........................0		..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance		..........................0	0			..........................0		..........................0			..........................0		..........................	0		..........................0		..........................0		..........................0			..........................0			..........................0		..........................0
27.	Aggregatewrite-insfor deductions		0	0			0			0			0				0		0		0			0			0			0		0
28.	Totals (Lines 20 to 27)		4,357,304	0			(249,309)			24			0			(310,882)		0		0			0			0			0		4,917,471
29.	Net gain from operations before dividends to policyholders, refunds to
	members and federal income taxes (Line 9 minus Line 28)	.............34,520,788	0			..............9,934,455			................. 280,767			..........................0		.............	10,679,603		..........................0		..........................0			..........................0			..........................0			..........................0		.............13,625,963
30.	Dividends to policyholders and refunds to members		8,828	0			8,661			167			0				0		0		0			0			0			0		0
31.	Net gain from operations after dividends to policyholders, refunds to
	members and before federal income taxes (Line 29 minus Line 30)		............ 34,511,960	0			..............9,925,794			................. 280,600			..........................0		.............	10,679,603		..........................0		..........................0			..........................0			..........................0			..........................0		.............13,625,963
32.	Federal income taxes incurred (excluding tax on capital gains)		(525)	0			(151)			(4)			0				(163)		0		0			0			0			0		(207)
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)		34,512,485	0			9,925,945			280,604			0			10,679,766		0		0			0			0			0		13,626,170
34.	Policies/certificates in force end of year		30	0			30			0			0				0		0		0			0			0			0		0
	DETAILS OF WRITE-INS
08.301.	Miscelaneous income		.......................175	..........................0			........................ 70			..........................2			..........................0		........................	75		..........................0		0			..........................0			..........................0			..........................0		........................ 28
08.302.	.........................................................................................................		.............................	.............................			.............................			.............................			.............................		.............................				.............................				.............................			.............................			.............................			.............................		.............................
08.303.	.........................................................................................................		.............................	.............................			.............................			.............................			.............................		.............................				.............................				.............................			.............................			.............................			.............................		.............................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page		..........................0	0			..........................0		..........................0		..........................0		..........................	0		..........................0		..........................0		..........................0		..........................0		..........................0		..........................0

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)		175	0			70			2			0				75		0		0			0			0			0		28
2701	.............................	.............................		.............................			.............................		.............................	.............................			.............................				.............................			.............................		.............................		.............................		.............................

2702	.............................	.............................			.............................			.............................			.............................		.............................		.............................		.............................			.............................			.............................			.............................		.............................
2703	.............................	.............................		.............................			.............................		.............................	.............................		.............................		.............................			.............................		.............................		.............................		.............................
2798.	Summary of remaining write-ins for Line 27 from overflow page														..........................	0
	..........................0	..........................0			..........................0			..........................0			..........................0					..........................0		0			..........................0			..........................0			..........................0		..........................0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)		0	0			0			0			0				0		0		0			0			0			0		0
(a) Include premium amounts for preneed plans included in Line 1	0
(b) 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.	......................................................................................................................................................................................
(c) Individual and Group Credit Life are combined and included on					page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

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

		1	2	3	4	5	6	7	8	9
							Variable Universal	Credit Life	Other Group Life	YRT Mortality
		Total	Whole Life	Term Life	Universal Life	Variable Life	Life	(d)	(a)	Risk Only
1.	Premiums for life contracts (b)	...................2,533,170	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	...................2,533,170
2.	Considerations for supplementary contracts with life contingencies	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
3.	Net investment income	......................145,335	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	......................145,335
4.	Amortization of Interest Maintenance Reserve (IMR)	..............................45	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	..............................45
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	............................... 0	0	0	0	............................... 0	0	............................... 0	............................... 0	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
7.	Reserve adjustments on reinsurance ceded	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0
	8.2 Charges and fees for deposit-type contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
	8.3 Aggregate write-ins for miscellaneous income	0	0	0	0	0	0	0	0	0
9.	Totals (Lines 1 to 8.3)	2,678,550	0	0	0	0	0	0	0	2,678,550
10.	Death benefits	...................9,090,534	............................... 0	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	...................9,090,534
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 0	0	0	0	............................... 0	0	............................... 0	............................... 0	............................... 0
12.	Annuity benefits	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
13.	Disability benefits and benefits under accident and health contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0
16.	Group conversions	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	............................... 0	0	0	0	............................... 0	0	............................... 0	............................... 0	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
19.	Increase in aggregate reserves for life and accident and health contracts	......................(21,539)	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	......................(21,539)
20.	Totals (Lines 10 to 19)	...................9,068,995	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	...................9,068,995

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

	business only)	0	0	0	0	0	0	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
23.	General insurance expenses	............................ 225	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................ 225
24.	Insurance taxes, licenses and fees, excluding federal income taxes	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
27.	Aggregate write-ins for deductions	0	0	0	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	9,069,220	0	0	0	0	0	0	0	9,069,220
29.	Net gain from operations before dividends to policyholders, refunds to members and federal
	income taxes (Line 9 minus Line 28)	.................(6,390,670)	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	.................(6,390,670)
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before
	federal income taxes (Line 29 minus Line 30)	.................(6,390,670)	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	.................(6,390,670)
32.	Federal income taxes incurred (excluding tax on capital gains)	97	0	0	0	0	0	0	0	97
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)	(6,390,767)	0	0	0	0	0	0	0	(6,390,767)
34.	Policies/certificates in force end of year	0	0	0	0	0	0	0	0	0
	DETAILS OF WRITE-INS
.08.301	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.302	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.303	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0	............................... 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	0	0	0	0	0	0	0	0	0
2701	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2702	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0	0	0	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	0 , Line 10	0 , Line 16	0 , Line 23	0 , Line 24	0
(b) Include premium amounts for preneed plans included in Line 1	0
(c) 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.	......................................................................................................................................................................................
(d) Individual and Group Credit Life are combined and included on	page. (Indicate whether included with Individual or Group.)

6.3

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE BROOKE LIFE INSURANCE COMPANY

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

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	Premiums for individual annuity contracts	....................... 167,219	....................... 167,219	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	...............XXX	...............XXX	................................. 0	...............XXX
3.	Net investment income	.................368,564,786	.................358,500,000	................................. 0	................................. 0	................................. 0	.................. 10,064,786	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	........................114,994	111,854	0	0	0	...........................3,140	0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	................................. 0	0	0	0	0	................................. 0	0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	.........................35,233	.........................35,233	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	2,557	2,487	0	0	0	70	0
9.	Totals (Lines 1 to 8.3)	368,884,789	358,816,793	0	0	0	10,067,996	0
10.	Death benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
							................................. 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	0	0	0	0	0
12.	Annuity benefits	.................... 9,245,575	.................... 8,993,096	................................. 0	................................. 0	................................. 0	....................... 252,479	................................. 0
13.	Disability benefits and benefits under accident and health contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	.................. 42,988,940	42,988,940	0	0	0	................................. 0	0
16.	Group conversions	................................. 0	0	0	0	0	................................. 0	0
17.	Interest and adjustments on contract or deposit-type contract funds	......................(205,613)	......................(205,613)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(41,282,644)	(40,887,804)	0	0	0	(394,840)	0
20.	Totals (Lines 10 to 19)	.................. 10,746,258	.................. 10,888,619	................................. 0	................................. 0	................................. 0	......................(142,361)	................................. 0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	......................... 21,118	......................... 21,118	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
22.	Commissions and expense allowances on reinsurance assumed	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
23.	General insurance expenses	....................... 571,042	555,448	0	0	0	......................... 15,594	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	..............................462	449	0	0	0	............................... 13	0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
27.	Aggregate write-ins for deductions	0	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	11,338,880	11,465,634	0	0	0	(126,754)	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	.................357,545,909	.................347,351,159	................................. 0	................................. 0	................................. 0	...................10,194,750	................................. 0
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .	.................357,545,909	.................347,351,159	................................. 0	................................. 0	................................. 0	...................10,194,750	................................. 0
32.	Federal income taxes incurred (excluding tax on capital gains)	(5,434)	(5,279)	0	0	0	(155)	0
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)	357,551,343	347,356,438	0	0	0	10,194,905	0
34.	Policies/certificates in force end of year	2,227	2,179	0	0	0	48	0
	DETAILS OF WRITE-INS
08.301. Miscellaneous income	...........................2,557	2,487	0	0	0	............................... 70	0
.08.302	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
.08.303	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	2,557	2,487	0	0	0	70	0
2701	....................................	....................................	....................................	....................................	....................................	....................................	....................................

2702.	........................................................................................................................................................................................................... .................................... .................................... .................................... .................................... .................................... .................................... ....................................
2703.	...........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0	0

(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.

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

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Jackson Financial Inc. published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 17:12:06 UTC.

Brooke Life Insurance Company 2023 annual statutory statement

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