Jackson National Life Insurance Company of New York 2024 annual statutory statement
ANNUAL STATEMENT
OF THE
TO THE
OF THE
STATE OF
FOR THE YEAR ENDED
[ X ] LIFE, ACCIDENT AND HEALTH |
[ ] FRATERNAL BENEFIT SOCIETIES |
2024
.NY
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
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) |
............ 1,326,231,944 |
.................................0 |
............ 1,326,231,944 |
............ 1,299,498,129 |
2. |
Stocks (Schedule D): |
||||
2.1 Preferred stocks |
0 |
0 |
0 |
0 |
|
2.2 Common stocks |
825,487 |
0 |
825,487 |
708,188 |
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 ($ ................. (9,501,086) , Schedule E - Part 1), cash equivalents |
|||||||
($ |
115,833,097 |
, Schedule E - Part 2) and short-term |
||||||
investments ($ |
0 , Schedule DA) |
................106,332,011 |
.................................0 |
................106,332,011 |
................. 30,770,110 |
|||
6. |
Contract loans (including $ |
.................................0 |
premium notes) |
...................... 416,422 |
.................................0 |
...................... 416,422 |
.......................375,616 |
|
7. |
.............................................................................Derivatives (Schedule DB) |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
|||
8. |
............................................................Other invested assets (Schedule BA) |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
|||
9. |
Receivables for securities |
.......................203,507 |
.................................0 |
.......................203,507 |
...................... 496,341 |
|||
10. |
Securities lending reinvested collateral assets (Schedule DL) |
...................... 794,110 |
.................................0 |
...................... 794,110 |
................... 3,565,134 |
|||
11. |
.........................................................Aggregate write-ins for invested assets |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
|||
12. |
.....................................Subtotals, cash and invested assets (Lines 1 to 11) |
............ 1,434,803,481 |
.................................0 |
............ 1,434,803,481 |
............ 1,335,413,518 |
|||
13. |
Title plants less $ |
0 charged off (for Title insurers |
||||||
only) |
0 |
0 |
0 |
0 |
||||
14. |
Investment income due and accrued |
10,816,048 |
0 |
10,816,048 |
10,415,774 |
15. Premiums and considerations:
15.1 |
Uncollected premiums and agents' balances in the course of collection |
..............(190,391,677) |
........................ 50,780 |
..............(190,442,457) |
..............(165,531,338) |
|
15.2 |
Deferred premiums, agents' balances and installments booked but |
|||||
deferred and not yet due (including $ |
.................................0 |
|||||
earned but unbilled premiums) |
82,201 |
0 |
82,201 |
100,052 |
||
15.3 |
Accrued retrospective premiums ($ .................................0 ) and |
|||||
contracts subject to redetermination ($ |
.................................0 ) |
.................................0 |
0 |
0 |
0 |
16. Reinsurance:
16.1 Amounts recoverable from reinsurers |
48,988,226 |
0 |
48,988,226 |
46,958,382 |
||
16.2 Funds held by or deposited with reinsured companies |
0 |
0 |
0 |
0 |
||
........................16.3 Other amounts receivable under reinsurance contracts |
116,307,917 |
.................................0 |
................116,307,917 |
................113,639,556 |
||
17. |
............................................Amounts receivable relating to uninsured plans |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
|
18.1 |
....Current federal and foreign income tax recoverable and interest thereon |
...................... 665,012 |
.................................0 |
...................... 665,012 |
.................................0 |
|
18.2 |
Net deferred tax asset |
................. 36,647,743 |
................. 10,225,772 |
................. 26,421,971 |
................. 20,652,372 |
|
19. |
Guaranty funds receivable or on deposit |
............................. 938 |
.................................0 |
............................. 938 |
.................................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 |
................. 11,272,928 |
|
24. |
Health care ($ |
0 ) and other amounts receivable |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
25. |
.......................................Aggregate write-ins for other-than-invested assets |
................. 12,738,402 |
...................... 701,145 |
................. 12,037,257 |
................. 10,891,639 |
|
26. |
Total assets excluding Separate Accounts, Segregated Accounts and |
|||||
Protected Cell Accounts (Lines 12 to 25) |
............ 1,470,658,291 |
................. 10,977,697 |
............ 1,459,680,594 |
............ 1,383,812,883 |
||
27. |
From Separate Accounts, Segregated Accounts and |
|||||
Accounts |
...........17,304,385,308 |
.................................0 |
...........17,304,385,308 |
.......... 15,871,445,745 |
||
28. |
Total (Lines 26 and 27) |
18,775,043,599 |
10,977,697 |
18,764,065,902 |
17,255,258,628 |
|
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 through 1103 plus 1198)(Line 11 above) |
0 |
0 |
0 |
0 |
|
2501. |
Amounts due from agents |
391,802 |
391,802 |
0 |
0 |
|
2502. |
...............................................................................................Admitted disallowed IMR |
12,037,257 |
.................................0 |
................. 12,037,257 |
................. 10,891,639 |
|
2503. |
Prepaid other expenses |
.......................309,343 |
.......................309,343 |
.................................0 |
.................................0 |
|
2598. |
...................Summary of remaining write-ins for Line 25 from overflow page |
.................................0 |
.................................0 |
.................................0 |
.................................0 |
|
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
12,738,402 |
701,145 |
12,037,257 |
10,891,639 |
2
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
LIABILITIES, SURPLUS AND OTHER FUNDS
1 |
2 |
|||||
Current Year |
Prior Year |
|||||
1. |
Aggregate reserve for life contracts $ |
629,662,816 (Exh. 5, Line 9999999) less $ |
0 |
|||
included in Line 6.3 (including $ |
0 Modco Reserve) |
.......................................................................... |
629,662,816 |
627,157,754 |
||
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 $ |
.................................0 |
Modco Reserve) |
................... 8,335,841 |
8,717,265 |
4. Contract claims:
4.1 |
Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6) |
................. 10,694,820 |
14,167,327 |
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 |
|||
|
.................................0 |
.................................0 |
|||
6.2 |
...............................Policyholders' dividends and refunds to members not yet apportioned (including $ |
0 |
.................................0 |
.................................0 |
|
6.3 |
Coupons and similar benefits (including $ |
0 |
.................................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) |
5,176 |
6,073 |
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 $ |
0 assumed and $ |
0 |
|||||||
ceded |
.................................0 |
.................................0 |
|||||||
........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6) |
.................................0 |
.................................0 |
|||||||
10. |
Commissions to agents due or accrued-life and annuity contracts $ |
................... |
7,116,505 |
accident and health |
|||||
$ |
.................................0 and deposit-type contract funds $ |
0 |
................... 7,116,505 |
...................6,188,451 |
|||||
11. |
Commissions and expense allowances payable on reinsurance assumed |
.............................................................................. |
.................................0 |
.................................0 |
|||||
12. |
..................................................................................................General expenses due or accrued (Exhibit 2, Line 12, Col. 7) |
................... 3,442,544 |
................... 2,799,172 |
||||||
13. |
Transfers to Separate Accounts due or accrued (net) (including $ |
................ |
(29,859,785) |
accrued for expense |
|||||
...........................................................................................allowances recognized in reserves, net of reinsured allowances) |
................(36,870,274) |
................(37,205,507) |
|||||||
14. |
Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6) |
................... 1,274,862 |
................... 1,224,877 |
||||||
15.1 Current federal and foreign income taxes, including $ |
0 on realized capital gains (losses) |
.................................0 |
................. 19,987,353 |
||||||
15.2 |
.............................................................................................................................................................Net deferred tax liability |
.................................0 |
.................................0 |
||||||
16. |
...................................................................................................................................................Unearned investment income |
.................................0 |
.................................0 |
||||||
17. |
........................................................................................Amounts withheld or retained by reporting entity as agent or trustee |
...................1,695,404 |
................... 1,573,824 |
||||||
18. |
Amounts held for agents' account, including $ |
0 |
agents' credit balances |
.................................0 |
.................................0 |
||||
19. |
Remittances and items not allocated |
................... 7,487,507 |
................... 2,373,585 |
||||||
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) |
................. 13,848,005 |
................. 12,138,184 |
|||
.................................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 |
...................2,555,221 |
.................................0 |
|||
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 |
...................... 794,110 |
................... 3,565,134 |
|||
.................................24.11 Capital notes $ |
0 and interest thereon $ |
................................. |
0 |
.................................0 |
.................................0 |
|
25. |
................................................................................................................................................Aggregate write-ins for liabilities |
498,979 |
1,058,067 |
|||
26. |
.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25) |
650,541,515 |
663,751,559 |
|||
27. |
.........................................................................................................................................From Separate Accounts Statement |
...........17,304,385,308 |
.......... 15,871,445,745 |
|||
28. |
Total liabilities (Lines 26 and 27) |
17,954,926,823 |
16,535,197,304 |
|||
29. |
...............................................................................................................................................................Common capital stock |
...................2,000,000 |
...................2,000,000 |
|||
30. |
...............................................................................................................................................................Preferred capital stock |
.................................0 |
.................................0 |
|||
31. |
Aggregate write-ins for other-than-special surplus funds |
.................................0 |
.................................0 |
|||
32. |
.............................................................................................................................................................................Surplus notes |
.................................0 |
.................................0 |
|||
33. |
Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1) |
............................................... |
................503,858,735 |
................503,858,735 |
||
34. |
............................................................................................................................Aggregate write-ins for special surplus funds |
................. 12,037,257 |
................. 10,891,639 |
|||
35. |
Unassigned funds (surplus) |
291,243,087 |
203,310,950 |
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) |
807,139,079 |
718,061,324 |
|||
38. |
......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55) |
809,139,079 |
720,061,324 |
||||
39. |
Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3) |
18,764,065,902 |
17,255,258,628 |
||||
DETAILS OF WRITE-INS |
|||||||
2501. |
Escheat escrow liability - outstanding checks |
||||||
...................... 190,740 |
...................... 390,842 |
||||||
2502. |
Interest payable on contract claims |
308,239 |
...................... 667,225 |
||||
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) |
498,979 |
1,058,067 |
||||
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 |
12,037,257 |
................. 10,891,639 |
3402 |
|||
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) |
12,037,257 |
10,891,639 |
3
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
SUMMARY OF OPERATIONS
1 |
2 |
||
Current Year |
Prior Year |
||
1. |
Premiums and annuity considerations for life and accident and health contracts |
................528,717,917 |
................101,132,331 |
2. |
Considerations for supplementary contracts with life contingencies |
.................................0 |
.................................0 |
3. |
Net investment income (Exhibit of Net Investment Income, Line 17) |
49,928,988 |
47,250,226 |
4. |
Amortization of Interest Maintenance Reserve (IMR, Line 5) |
(849,640) |
(183,423) |
5. |
Separate Accounts net gain from operations excluding unrealized gains or losses |
19,729,532 |
0 |
6. |
Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1) |
150,743,971 |
120,145,245 |
7. |
Reserve adjustments on reinsurance ceded |
0 |
0 |
8. Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate |
|||
Accounts |
41,053,475 |
38,383,260 |
|
8.2 Charges and fees for deposit-type contracts |
0 |
.................................0 |
|
8.3 Aggregate write-ins for miscellaneous income |
6,752 |
287,120 |
|
9. |
Total (Lines 1 to 8.3) |
789,330,995 |
307,014,759 |
10. |
Death benefits |
...................... 235,002 |
........................ 52,500 |
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) |
................. 33,361,695 |
................. 32,724,945 |
13. |
Disability benefits and benefits under accident and health contracts |
.......................... 3,937 |
..........................3,906 |
14. |
Coupons, guaranteed annual pure endowments and similar benefits |
.................................0 |
.................................0 |
15. |
Surrender benefits and withdrawals for life contracts |
................241,597,939 |
................183,326,300 |
16. |
Group conversions |
.................................0 |
.................................0 |
17. |
Interest and adjustments on contract or deposit-type contract funds |
.....................(881,292) |
.....................(423,949) |
18. |
Payments on supplementary contracts with life contingencies |
.................................0 |
.................................0 |
19. |
Increase in aggregate reserves for life and accident and health contracts |
2,505,059 |
(101,977,043) |
20. |
Totals (Lines 10 to 19) |
276,822,340 |
................113,706,659 |
21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part
2, Line 31, Col. 1) |
144,960,879 |
109,260,334 |
|
22. |
Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1) |
0 |
0 |
23. |
General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Columns 1, 2, 3, 4 and 6) |
28,297,003 |
25,060,357 |
24. |
Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5) |
1,404,889 |
...................1,220,944 |
25. |
Increase in loading on deferred and uncollected premiums |
........................ 18,993 |
|
.......................(14,360) |
|||
26. |
Net transfers to or (from) Separate Accounts net of reinsurance |
................273,203,029 |
................(53,767,151) |
27. |
Aggregate write-ins for deductions |
13,675,304 |
(624,344) |
28. |
Totals (Lines 20 to 27) |
738,349,084 |
194,875,792 |
29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus
Line 28) |
50,981,911 |
112,138,967 |
30. Dividends to policyholders and refunds to members |
0 |
0 |
31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29
minus Line 30) |
................. 50,981,911 |
112,138,967 |
32. Federal and foreign income taxes incurred (excluding tax on capital gains) |
(20,768,255) |
20,594,070 |
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) |
71,750,166 |
91,544,897 |
||||
34. |
Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of |
|||||
$ |
0 (excluding taxes of $ |
115,735 |
transferred to the IMR) |
0 |
(427,423) |
|
35. |
Net income (Line 33 plus Line 34) |
71,750,166 |
................. 91,117,474 |
|||
CAPITAL AND SURPLUS ACCOUNT |
||||||
36. |
...................................................................................Capital and surplus, |
720,061,324 |
603,127,851 |
|||
37. |
Net income (Line 35) |
71,750,166 |
................. 91,117,474 |
|||
38. |
Change in net unrealized capital gains (losses) less capital gains tax of $ |
..................... 24,633 |
........................ 92,666 |
.......................259,763 |
||
39. |
.................................................................................................Change in net unrealized foreign exchange capital gain (loss) |
.................................0 |
.................................0 |
|||
40. |
...........................................................................................................................................Change in net deferred income tax |
................. 16,020,004 |
................. 20,721,423 |
|||
41. |
Change in nonadmitted assets |
................(10,750,565) |
................... 6,725,549 |
|||
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 |
................. (1,709,820) |
................. (1,266,392) |
|||
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 |
................. 19,729,532 |
.................................0 |
|||
47. |
Other changes in surplus in Separate Accounts Statement |
................(19,729,532) |
.................................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 |
.................................0 |
.................................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 |
................. 13,675,304 |
.....................(624,344) |
||||
52. |
.........................................................................................................................................................Dividends to stockholders |
.................................0 |
.................................0 |
|||
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) |
89,077,754 |
116,933,474 |
|||
55. |
Capital and surplus, |
809,139,079 |
720,061,324 |
|||
DETAILS OF WRITE-INS |
||||||
..............................................................................................................................................................................08.301. General account policy fees |
6,752 |
..........................7,645 |
||||
08.302. Miscellaneous income |
0 |
.......................279,475 |
||||
08.303. |
........................................................................................................................................................................................................................................ |
.................................... |
||||
.............................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page |
.................................0 |
.................................0 |
||||
08.399. Totals (Lines 08.301 through 08.303 plus 08.398)(Line 8.3 above) |
6,752 |
287,120 |
||||
2701. |
Reinsurance onin-forcebusiness |
................. 13,675,304 |
.....................(624,344) |
2702 |
.................................... |
||
2703 |
.................................... |
||
2798. |
Summary of remaining write-ins for Line 27 from overflow page |
.................................0 |
.................................0 |
2799. |
Totals (Lines 2701 through 2703 plus 2798)(Line 27 above) |
13,675,304 |
(624,344) |
5301 |
.................................... |
5302 |
|||
5303 |
|||
5398. |
Summary of remaining write-ins for Line 53 from overflow page |
0 |
.................................0 |
5399. |
Totals (Lines 5301 through 5303 plus 5398)(Line 53 above) |
0 |
0 |
4
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
CASH FLOW
Cash from Operations
1
Current Year
2
Prior Year
1. |
.....................................................................................................................................Premiums collected net of reinsurance |
................553,646,771 |
................. 74,592,873 |
||
2. |
..............................................................................................................................................................Net investment income |
................. 49,992,034 |
................. 47,402,325 |
||
3. |
...............................................................................................................................................................Miscellaneous income |
213,642,103 |
162,452,576 |
||
4. |
Total (Lines 1 through 3) |
817,280,908 |
284,447,774 |
||
5. |
Benefit and loss related payments |
................437,381,446 |
................301,032,657 |
||
6. |
.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts |
................114,781,650 |
..............(123,440,051) |
||
7. |
.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions |
................173,031,997 |
................134,447,759 |
||
8. |
.................................................................................................................................................Dividends paid to policyholders |
.................................0 |
.................................0 |
||
9. |
.................................Federal and foreign income taxes paid (recovered) net of $ |
0 tax on capital gains (losses) |
0 |
(1,317,799) |
|
10. |
Total (Lines 5 through 9) |
725,195,093 |
310,722,566 |
||
11. |
Net cash from operations (Line 4 minus Line 10) |
92,085,815 |
(26,274,792) |
||
Cash from Investments |
|||||
12. |
Proceeds from investments sold, matured or repaid: |
||||
12.1 |
Bonds |
................138,476,346 |
............... 121,455,000 |
||
12.2 |
Stocks |
.................................0 |
.................................0 |
||
12.3 |
Mortgage loans |
.................................0 |
.................................0 |
||
12.4 |
Real estate |
.................................0 |
.................................0 |
||
12.5 |
Other invested assets |
.................................0 |
.................................0 |
||
12.6 |
Net gains or (losses) on cash, cash equivalents and short-term investments |
.................................................................. |
.................................0 |
.................................0 |
|
12.7 |
Miscellaneous proceeds |
3,063,858 |
5,898,034 |
||
12.8 Total investment proceeds (Lines 12.1 to 12.7) |
............... 141,540,204 |
................127,353,034 |
|||
13. |
Cost of investments acquired (long-term only): |
||||
13.1 |
Bonds |
................167,549,914 |
............... 108,605,862 |
||
13.2 |
Stocks |
.................................0 |
.................................0 |
||
13.3 |
Mortgage loans |
.................................0 |
.................................0 |
||
13.4 |
Real estate |
.................................0 |
.................................0 |
||
13.5 |
Other invested assets |
.................................0 |
.................................0 |
||
13.6 |
Miscellaneous applications |
0 |
112,396 |
||
13.7 |
Total investments acquired (Lines 13.1 to 13.6) |
167,549,914 |
108,718,258 |
||
14. |
Net increase/(decrease) in contract loans and premium notes |
40,806 |
19,887 |
||
15. |
Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) |
(26,050,516) |
18,614,889 |
||
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 |
.................................0 |
.................................0 |
|||
.................................................................................................................................................................16.3 Borrowed funds |
.................................0 |
.................................0 |
|||
..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities |
................. (6,243,342) |
................. (6,171,353) |
|||
.................................................................................................................................................16.5 Dividends to stockholders |
.................................0 |
.................................0 |
|||
16.6 Other cash provided (applied) |
15,769,944 |
(12,248,114) |
|||
17. |
Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) |
9,526,602 |
(18,419,467) |
||
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) |
75,561,901 |
(26,079,370) |
19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year |
................. 30,770,110 |
................. 56,849,480 |
|
19.2 End of year (Line 18 plus Line 19.1) |
106,332,011 |
30,770,110 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Debt |
& |
equity |
securities |
acquired from exchange transactions |
................... 4,527,592 |
................... 4,107,742 |
20.0002. Debt |
& |
equity |
securities |
disposed from exchange transactions |
................. (4,517,065) |
.................................0 |
5
6
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
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 |
.................528,717,917 |
....................... 241,795 |
................................. 0 |
.................528,476,122 |
................................. 0 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 0 |
2. |
Considerations for supplementary contracts with life contingencies |
................................. 0 |
...............XXX |
...............XXX |
................................. 0 |
................................. 0 |
...............XXX |
...............XXX |
................................. |
0 |
...............XXX |
|
3. |
Net investment income |
.................. 49,928,988 |
....................... 737,561 |
................................. 0 |
...................39,017,126 |
...................10,174,301 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 0 |
4. |
Amortization of Interest Maintenance Reserve (IMR) |
......................(849,640) |
....................... (10,942) |
................................. 0 |
(665,230) |
(173,468) |
0 |
................................. |
0 |
................................. |
0 |
0 |
5. |
Separate Accounts net gain from operations excluding unrealized gains or losses |
...................19,729,532 |
................................. 0 |
................................. 0 |
...................19,729,532 |
................................. 0 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
6. |
Commissions and expense allowances on reinsurance ceded |
.................150,743,971 |
.........................25,425 |
................................. 0 |
.................150,718,546 |
................................. 0 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
7. |
Reserve adjustments on reinsurance ceded |
................................. 0 |
................................. 0 |
................................. 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 |
.................. 41,053,475 |
......................... 39,904 |
................................. 0 |
41,013,571 |
0 |
0 |
...............XXX |
................................. |
0 |
0 |
||
8.2 Charges and fees for deposit-type contracts |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
...............XXX |
...............XXX |
................................. |
0 |
................................. 0 |
||
8.3 Aggregate write-ins for miscellaneous income |
6,752 |
0 |
0 |
6,752 |
0 |
0 |
0 |
0 |
0 |
|||
9. |
Totals (Lines 1 to 8.3) |
789,330,995 |
1,033,743 |
0 |
778,296,419 |
10,000,833 |
0 |
0 |
0 |
0 |
||
10. |
Death benefits |
....................... 235,002 |
....................... 235,002 |
................................. 0 |
................................. 0 |
................................. 0 |
...............XXX |
...............XXX |
................................. |
0 |
................................. 0 |
|
11. |
Matured endowments (excluding guaranteed annual pure endowments) |
................................. 0 |
................................. 0 |
................................. 0 |
0 |
0 |
...............XXX |
...............XXX |
................................. |
0 |
0 |
|
12. |
Annuity benefits |
...................33,361,695 |
...............XXX |
...............XXX |
.................. 26,080,216 |
.................... 7,281,479 |
...............XXX |
...............XXX |
................................. |
0 |
...............XXX |
|
13. |
Disability benefits and benefits under accident and health contracts |
...........................3,937 |
...........................3,937 |
................................. 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 |
................. 241,597,939 |
....................... 120,650 |
................................. 0 |
224,787,074 |
16,690,215 |
...............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 |
......................(881,292) |
..............................712 |
................................. 0 |
......................(971,011) |
.........................89,007 |
................................. 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 |
2,505,059 |
66,561 |
0 |
19,302,597 |
(16,864,099) |
0 |
XXX |
0 |
0 |
||
20. |
Totals (Lines 10 to 19) |
.................276,822,340 |
....................... 426,862 |
................................. 0 |
.................269,198,876 |
.................... 7,196,602 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
21. |
Commissions on premiums, annuity considerations and deposit-type contract funds |
|||||||||||
(direct business only) |
.................144,960,879 |
...........................3,986 |
................................. 0 |
.................144,955,209 |
...........................1,684 |
................................. 0 |
................................. |
0 |
................................. |
0 |
...............XXX |
|
22. |
Commissions and expense allowances on reinsurance assumed |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
23. |
General insurance expenses and fraternal expenses |
.................. 28,297,003 |
....................... 364,404 |
................................. 0 |
27,419,590 |
513,009 |
0 |
................................. |
0 |
................................. |
0 |
0 |
24. |
Insurance taxes, licenses and fees, excluding federal income taxes |
.................... 1,404,889 |
.........................46,230 |
................................. 0 |
1,077,647 |
281,012 |
0 |
................................. |
0 |
................................. |
0 |
0 |
25. |
Increase in loading on deferred and uncollected premiums |
....................... (14,360) |
....................... (14,360) |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
26. |
Net transfers to or (from) Separate Accounts net of reinsurance |
.................273,203,029 |
....................... (59,679) |
................................. 0 |
.................273,262,708 |
................................. 0 |
................................. 0 |
...............XXX |
................................. |
0 |
................................. 0 |
|
27. |
Aggregate write-ins for deductions |
13,675,304 |
0 |
0 |
13,675,304 |
0 |
0 |
0 |
0 |
0 |
||
28. |
Totals (Lines 20 to 27) |
738,349,084 |
767,443 |
0 |
729,589,334 |
7,992,307 |
0 |
0 |
0 |
0 |
||
29. |
Net gain from operations before dividends to policyholders, refunds to members and |
|||||||||||
federal income taxes (Line 9 minus Line 28) |
...................50,981,911 |
....................... 266,300 |
................................. 0 |
.................. 48,707,085 |
....................2,008,526 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 0 |
|
30. |
Dividends to policyholders and refunds to members |
0 |
0 |
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) |
...................50,981,911 |
....................... 266,300 |
................................. 0 |
.................. 48,707,085 |
....................2,008,526 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 0 |
|
32. |
Federal income taxes incurred (excluding tax on capital gains) |
(20,768,255) |
55,925 |
0 |
(21,245,970) |
421,790 |
0 |
0 |
0 |
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) |
71,750,166 |
210,375 |
0 |
69,953,055 |
1,586,736 |
0 |
0 |
0 |
0 |
|||
34. |
Policies/certificates in force end of year |
90,469 |
290 |
0 |
87,317 |
2,862 |
0 |
XXX |
0 |
0 |
||
DETAILS OF WRITE-INS |
||||||||||||
..................................................................................08.301. General account policy fees |
...........................6,752 |
................................. 0 |
................................. 0 |
...........................6,752 |
................................. 0 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 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 |
................................. |
0 |
................................. 0 |
|
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above) |
6,752 |
0 |
0 |
6,752 |
0 |
0 |
0 |
0 |
0 |
|||
2701. |
Reinsurance onin-forcebusiness |
.................. 13,675,304 |
................................. 0 |
................................. 0 |
.................. 13,675,304 |
................................. 0 |
................................. 0 |
................................. |
0 |
................................. |
0 |
................................. 0 |
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 through 2703 plus 2798) (Line 27 above) |
13,675,304 |
0 |
0 |
13,675,304 |
0 |
0 |
0 |
0 |
0 |
6.1
ANNUAL STATEMENT FOR THE YEAR 2024 OF THE
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 |
|
Term Life |
Indexed Life |
Universal Life |
Guarantees |
Variable Life |
Universal Life |
(c) |
Life |
Risk Only |
|||||||
1. |
Premiums for life contracts(a) |
.................241,795 |
0 |
.................. 17,120 |
.................. 36,039 |
..........................0 |
..........................0 |
................. 158,627 |
..........................0 |
.................. 30,009 |
..........................0 |
..........................0 |
..........................0 |
|||||
2. |
Considerations for supplementary contracts with life contingencies |
...........XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
XXX |
|||||
3. |
Net investment income |
.................737,561 |
..........................0 |
..........................0 |
.................. 46,388 |
..........................0 |
..........................0 |
................. 680,890 |
..........................0 |
.................. 10,283 |
..........................0 |
..........................0 |
..........................0 |
|||||
4. |
Amortization of Interest Maintenance Reserve (IMR) |
.................(10,942) |
..........................0 |
..........................0 |
..................... (435) |
..........................0 |
..........................0 |
.................(10,417) |
0 |
.......................(90) |
..........................0 |
..........................0 |
..........................0 |
5. Separate Accounts net gain from operations excluding unrealized gains or
losses |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
6. |
Commissions and expense allowances on reinsurance ceded |
...................25,425 |
..........................0 |
..........................0 |
...................25,425 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
7. |
Reserve adjustments on reinsurance ceded |
0 |
0 |
0 |
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 |
.................. 39,904 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
0 |
.................. 39,904 |
..........................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 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
9. |
Totals (Lines 1 to 8.3) |
1,033,743 |
0 |
17,120 |
107,417 |
0 |
0 |
829,100 |
0 |
80,106 |
0 |
0 |
0 |
10. |
Death benefits |
................. 235,002 |
0 |
..........................0 |
...................35,002 |
..........................0 |
..........................0 |
................. 200,000 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
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 |
....................3,937 |
0 |
..........................0 |
....................2,448 |
..........................0 |
..........................0 |
....................1,489 |
..........................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 |
................. 120,650 |
0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
.................. 24,451 |
..........................0 |
.................. 96,199 |
..........................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 |
.......................712 |
..........................0 |
..........................0 |
.......................100 |
..........................0 |
..........................0 |
.......................612 |
..........................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 ... |
66,561 |
0 |
29,312 |
(37,190) |
0 |
0 |
80,203 |
0 |
(5,764) |
0 |
0 |
0 |
20. |
Totals (Lines 10 to 19) |
................. 426,862 |
0 |
.................. 29,312 |
.......................360 |
..........................0 |
..........................0 |
................. 306,755 |
..........................0 |
.................. 90,435 |
..........................0 |
..........................0 |
..........................0 |
21. Commissions on premiums, annuity considerations and deposit-type
contract funds (direct business only) |
3,986 |
0 |
296 |
3 |
0 |
.......................... |
0 |
2,493 |
0 |
1,194 |
0 |
0 |
...........XXX |
|||||||||||||||||
22. |
Commissions and expense allowances on reinsurance assumed |
0 |
0 |
0 |
0 |
0 |
.......................... |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||||||||||
23. |
General insurance expenses |
364,404 |
0 |
10,359 |
14,063 |
0 |
.......................... |
0 |
337,073 |
0 |
2,909 |
0 |
0 |
0 |
||||||||||||||||
24. |
Insurance taxes, licenses and fees, excluding federal income taxes |
0 |
0 |
16,661 |
0 |
.......................... |
0 |
26,698 |
0 |
2,871 |
0 |
0 |
0 |
|||||||||||||||||
46,230 |
||||||||||||||||||||||||||||||
25. |
Increase in loading on deferred and uncollected premiums |
..........................0 |
..........................0 |
.................(14,360) |
..........................0 |
.......................... |
0 |
..........................0 |
0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
|||||||||||||||||
.................(14,360) |
||||||||||||||||||||||||||||||
26. |
Net transfers to or (from) Separate Accounts net of reinsurance |
.......................... |
0 |
|||||||||||||||||||||||||||
.................(59,679) |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
..........................0 |
0 |
.................(59,679) |
..........................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) |
767,443 |
0 |
39,967 |
16,727 |
0 |
0 |
673,019 |
0 |
37,730 |
0 |
0 |
0 |
|||||||||||||||||
29. |
Net gain from operations before dividends to policyholders, refunds to |
|||||||||||||||||||||||||||||
members and federal income taxes (Line 9 minus Line 28) |
................. 266,300 |
0 |
.................(22,847) |
.................. 90,690 |
..........................0 |
.......................... |
0 |
................. 156,081 |
..........................0 |
.................. 42,376 |
..........................0 |
..........................0 |
..........................0 |
|||||||||||||||||
30. |
Dividends to policyholders and refunds to members |
0 |
0 |
0 |
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) |
................. 266,300 |
0 |
.................(22,847) |
.................. 90,690 |
..........................0 |
.......................... |
0 |
................. 156,081 |
..........................0 |
.................. 42,376 |
..........................0 |
..........................0 |
..........................0 |
|||||||||||||||||
32. |
Federal income taxes incurred (excluding tax on capital gains) |
55,925 |
0 |
(4,798) |
19,045 |
0 |
0 |
32,779 |
0 |
8,899 |
0 |
0 |
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) |
210,375 |
0 |
(18,049) |
71,645 |
0 |
0 |
123,302 |
0 |
33,477 |
0 |
0 |
0 |
||||||||||||||||||
34. |
Policies/certificates in force end of year |
290 |
0 |
16 |
132 |
0 |
0 |
130 |
0 |
12 |
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 |
..........................0 |
..........................0 |
..........................0 |
|||||||||||||||||
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above) |
0 |
0 |
0 |
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 |
..........................0 |
..........................0 |
..........................0 |
||||||||||||||||
2799. |
Totals (Lines 2701 through 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 2024 OF THE
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 |
|
Term Life |
Universal Life |
Variable Life |
Life |
(d) |
(a) |
Risk Only |
||
1. |
Premiums for life contracts (b) |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
2. |
Considerations for supplementary contracts with life contingencies |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
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: |
|||||||||
8.1 Income from fees associated with investment management, administration and contract |
||||||||||
guarantees from Separate Accounts |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|
8.2 Charges and fees for deposit-type contracts |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|
8.3 Aggregate write-ins for miscellaneous income |
||||||||||
9. |
Totals (Lines 1 to 8.3) |
|||||||||
10. |
Death benefits |
|||||||||
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
11. |
Matured endowments (excluding guaranteed annual pure endowments) |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
12. |
Annuity benefits |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
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) |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
...............XXX |
|||
22. |
.........................................Commissions and expense allowances on reinsurance assumed |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
23. |
General insurance expenses |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
24. |
....................................Insurance taxes, licenses and fees, excluding federal income taxes |
................................... |
................................... ...................................NONE |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|||
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) |
||||||||||||
34. |
Policies/certificates in force end of year |
|||||||||||
DETAILS OF WRITE-INS |
||||||||||||
.08.301 |
.......................................................................................................................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
.08.302 |
.......................................................................................................................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
.08.303 |
.......................................................................................................................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|||
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above) |
||||||||||||
2701 |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|||
2702 |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|||
2703 |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
|||
2798. |
..........................................Summary of remaining write-ins for Line 27 from overflow page |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
................................... |
||
2799. |
Totals (Lines 2701 through 2703 plus 2798) (Line 27 above) |
|||||||||||
(a) Includes the following amounts for FEGLI/SGLI: |
Line 1 |
, Line 10 |
, Line 16 |
, Line 23 |
, Line 24 |
- Include premium amounts for preneed plans included in Line 1.............................
- 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 2024 OF THE
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 |
.................528,476,122 |
.................. 58,926,164 |
................................. 0 |
.................451,037,018 |
...................16,531,183 |
.................... 1,981,757 |
................................. 0 |
2. |
Considerations for supplementary contracts with life contingencies |
................................. 0 |
...............XXX |
...............XXX |
...............XXX |
...............XXX |
................................. 0 |
...............XXX |
3. |
Net investment income |
...................39,017,126 |
...................20,051,107 |
................................. 0 |
...................14,900,031 |
....................... 938,093 |
.................... 3,127,895 |
................................. 0 |
4. |
Amortization of Interest Maintenance Reserve (IMR) |
......................(665,230) |
(330,403) |
0 |
(271,054) |
(16,596) |
....................... (47,177) |
0 |
5. |
Separate Accounts net gain from operations excluding unrealized gains or losses |
...................19,729,532 |
................................. 0 |
................................. 0 |
...................19,729,532 |
................................. 0 |
................................. 0 |
................................. 0 |
6. |
Commissions and expense allowances on reinsurance ceded |
.................150,718,546 |
................................. 0 |
................................. 0 |
................. 129,107,912 |
...................21,610,634 |
................................. 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 |
...................41,013,571 |
................................. 0 |
................................. 0 |
...................40,999,413 |
.........................14,158 |
................................. 0 |
................................. 0 |
|
8.2 Charges and fees for deposit-type contracts |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
|
8.3 Aggregate write-ins for miscellaneous income |
6,752 |
0 |
0 |
6,382 |
370 |
0 |
0 |
|
9. |
Totals (Lines 1 to 8.3) |
778,296,419 |
78,646,868 |
0 |
655,509,234 |
39,077,842 |
5,062,475 |
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 |
.................. 26,080,216 |
.................... 3,415,763 |
................................. 0 |
.................. 17,278,281 |
.................... 3,414,231 |
.................... 1,971,941 |
................................. 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 |
.................224,787,074 |
24,427,604 |
0 |
172,528,892 |
27,830,578 |
................................. 0 |
0 |
16. |
Group conversions |
................................. 0 |
0 |
0 |
0 |
0 |
................................. 0 |
0 |
17. |
Interest and adjustments on contract or deposit-type contract funds |
......................(971,011) |
....................... 134,705 |
................................. 0 |
.................. (1,108,185) |
...........................1,308 |
...........................1,161 |
................................. 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 |
19,302,597 |
34,296,623 |
0 |
(8,947,062) |
(848,142) |
(5,198,822) |
0 |
20. |
Totals (Lines 10 to 19) |
.................269,198,876 |
.................. 62,274,695 |
................................. 0 |
................. 179,751,926 |
...................30,397,975 |
.................. (3,225,720) |
................................. 0 |
21. |
Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) |
.................144,955,209 |
.................... 1,488,190 |
................................. 0 |
.................136,014,512 |
.................... 7,452,507 |
................................. 0 |
................................. 0 |
22. |
Commissions and expense allowances on reinsurance assumed |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
................................. 0 |
23. |
General insurance expenses |
...................27,419,590 |
892,004 |
0 |
22,437,859 |
3,962,361 |
....................... 127,366 |
0 |
24. |
Insurance taxes, licenses and fees, excluding federal income taxes |
.................... 1,077,647 |
44,777 |
0 |
874,492 |
151,984 |
...........................6,394 |
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 |
.................273,262,708 |
................................. 0 |
................................. 0 |
.................286,683,737 |
.................(13,421,029) |
................................. 0 |
................................. 0 |
27. |
Aggregate write-ins for deductions |
13,675,304 |
0 |
0 |
13,675,304 |
0 |
0 |
0 |
28. |
Totals (Lines 20 to 27) |
729,589,334 |
64,699,666 |
0 |
639,437,830 |
28,543,798 |
(3,091,960) |
0 |
29. |
Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28) |
.................. 48,707,085 |
...................13,947,202 |
................................. 0 |
...................16,071,404 |
.................. 10,534,044 |
.................... 8,154,435 |
................................. 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) . |
.................. 48,707,085 |
...................13,947,202 |
................................. 0 |
...................16,071,404 |
.................. 10,534,044 |
.................... 8,154,435 |
................................. 0 |
32. |
Federal income taxes incurred (excluding tax on capital gains) |
(21,245,970) |
(6,083,753) |
0 |
(7,010,325) |
(4,594,937) |
(3,556,955) |
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) |
69,953,055 |
20,030,955 |
0 |
23,081,729 |
15,128,981 |
11,711,390 |
0 |
|
34. |
Policies/certificates in force end of year |
87,317 |
1,963 |
0 |
72,182 |
12,425 |
747 |
0 |
DETAILS OF WRITE-INS |
||||||||
08.301. General account policy fees |
...........................6,752 |
0 |
0 |
6,382 |
370 |
................................. 0 |
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 through 08.303 plus 08.398) (Line 8.3 above) |
6,752 |
0 |
0 |
6,382 |
370 |
0 |
0 |
|
2701. |
Reinsurance onin-forcebusiness |
.................. 13,675,304 |
................................. 0 |
................................. 0 |
.................. 13,675,304 |
................................. 0 |
................................. 0 |
................................. 0 |
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 through 2703 plus 2798) (Line 27 above) |
13,675,304 |
0 |
0 |
13,675,304 |
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. |
............................................................................................................................................................................ |
Attachments
Disclaimer
Jackson National Life Insurance Company 2024 annual statutory statement
Brooke Life Insurance Company 2024 annual statutory statement
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