Third Quarter 2024 Conseco Life Insurance Company of Texas
STATEMENT AS OF
ASSETS
Current Statement Date |
4 |
||||
1 |
2 |
3 |
|
||
Net Admitted Assets |
Prior Year Net |
||||
Assets |
Nonadmitted Assets |
(Cols. 1 - 2) |
Admitted Assets |
||
1. Bonds |
................. 13,037,321 |
................................... |
................. |
13,037,321 |
................. 12,164,787 |
2. Stocks:
2.1 Preferred stocks |
................................... |
................................... |
................................... |
................................... |
||||
2.2 Common stocks |
989,036,821 |
989,036,821 |
1,052,819,421 |
|||||
3. |
Mortgage loans on real estate: |
|||||||
3.1 First liens |
.................................................................................................. |
................................... |
................................... |
................................... |
................................... |
|||
3.2 Other than first liens |
................................... |
................................... |
................................... |
................................... |
||||
4. |
Real estate: |
|||||||
4.1 Properties occupied by the company (less $ |
||||||||
encumbrances) |
................................... |
................................... |
................................... |
................................... |
||||
4.2 Properties held for |
the production of income (less |
|||||||
$ |
encumbrances) |
................................... |
................................... |
................................... |
................................... |
|||
4.3 Properties held for sale (less $ |
||||||||
.......................................................................................encumbrances) |
................................... |
................................... |
................................... |
................................... |
||||
5. |
Cash ($ |
3,270,531 |
), cash equivalents |
|||||
($ |
27,366,365 ) and short-term |
|||||||
investments ($ |
) |
30,636,896 |
30,636,896 |
33,613,787 |
||||
6. |
Contract loans (including $ |
premium notes) |
398,711 |
398,711 |
404,465 |
|||
7. |
Derivatives |
................................... |
................................... |
................................... |
................................... |
|||
8. |
Other invested assets |
................................... |
................................... |
................................... |
................................... |
|||
9. |
Receivables for securities |
................................... |
................................... |
................................... |
................................... |
|||
10. |
Securities lending reinvested collateral assets |
................................... |
................................... |
................................... |
................................... |
|||
11. |
Aggregate write-ins for invested assets |
................................... |
................................... |
................................... |
................................... |
|||
12. |
Subtotals, cash and invested assets (Lines 1 to 11) |
1,033,109,749 |
1,033,109,749 |
1,099,002,459 |
||||
13. |
Title plants less $ |
charged off (for Title insurers |
||||||
only) |
................................... |
................................... |
................................... |
................................... |
||||
14. |
Investment income due and accrued |
224,239 |
224,239 |
337,127 |
15. Premiums and considerations:
15.1 |
Uncollected premiums and agents' balances in the course of collection |
1,385 |
7 |
1,377 |
1,317 |
|
15.2 |
Deferred premiums, agents' balances and installments booked but |
|||||
...................................deferred and not yet due (including $ |
||||||
earned but unbilled premiums) |
10,743 |
................................... |
10,743 |
11,627 |
||
15.3 |
Accrued retrospective premiums ($ |
) and |
||||
contracts subject to redetermination ($ |
) |
................................... ................................... ................................... ................................... |
16. Reinsurance:
....................................................16.1 Amounts recoverable from reinsurers |
..........................2,000 |
................................... |
..........................2,000 |
..........................5,000 |
||
16.2 Funds held by or deposited with reinsured companies |
................................... |
................................... |
................................... |
................................... |
||
16.3 Other amounts receivable under reinsurance contracts |
................................... |
................................... |
................................... |
................................... |
||
17. |
Amounts receivable relating to uninsured plans |
................................... |
................................... |
................................... |
................................... |
|
18.1 |
....Current federal and foreign income tax recoverable and interest thereon |
................... 5,071,086 |
................................... |
................... 5,071,086 |
................. 15,917,514 |
|
18.2 |
Net deferred tax asset |
...................... 851,796 |
...................... 851,796 |
................................... |
................................... |
|
19. |
Guaranty funds receivable or on deposit |
................................... |
................................... |
................................... |
................................... |
|
20. |
Electronic data processing equipment and software |
................................... |
................................... |
................................... |
................................... |
|
21. |
Furniture and equipment, including health care delivery assets |
|||||
($ |
) |
................................... |
................................... |
................................... |
................................... |
|
22. |
.........Net adjustment in assets and liabilities due to foreign exchange rates |
................................... |
................................... |
................................... |
................................... |
|
23. |
Receivables from parent, subsidiaries and affiliates |
................................... |
................................... |
................................... |
................................... |
|
24. |
Health care ($ |
) and other amounts receivable |
........................ 10,711 |
................................... |
........................ 10,711 |
..........................9,863 |
25. |
........................................Aggregate write-ins for other than invested assets |
................................... |
................................... |
................................... |
................................... |
|
26. |
Total assets excluding Separate Accounts, Segregated Accounts and |
|||||
Protected Cell Accounts (Lines 12 to 25) |
............ 1,039,281,708 |
...................... 851,803 |
............ 1,038,429,904 |
............ 1,115,284,907 |
||
27. |
From Separate Accounts, Segregated Accounts and Protected Cell |
|||||
Accounts |
................................... |
................................... |
................................... |
................................... |
||
28. |
Total (Lines 26 and 27) |
1,039,281,708 |
851,803 |
1,038,429,904 |
1,115,284,907 |
|
DETAILS OF WRITE-INS |
||||||
1101. |
...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1102. |
...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1103. |
...................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
1198. |
Summary of remaining write-ins for Line 11 from overflow page |
................................... |
................................... |
................................... |
................................... |
|
1199. |
Totals (Lines 1101 through 1103 plus 1198)(Line 11 above) |
|||||
2501. |
....................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
2502. |
....................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
2503. |
....................................................................................................................... |
.................................... |
.................................... |
.................................... |
.................................... |
|
2598. |
...................Summary of remaining write-ins for Line 25 from overflow page |
................................... |
................................... |
................................... |
................................... |
|
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
2
STATEMENT AS OF
LIABILITIES, SURPLUS AND OTHER FUNDS
1 |
2 |
|||||
Current |
|
|||||
Statement Date |
Prior Year |
|||||
1. |
Aggregate reserve for life contracts $ |
................. 10,452,942 |
less $ |
included in Line 6.3 |
||
(including $ |
Modco Reserve) |
10,452,942 |
10,565,532 |
|||
2. |
Aggregate reserve for accident and health contracts (including $ |
Modco Reserve) |
................................... |
|||
3. |
Liability for deposit-type contracts (including $ |
Modco Reserve) |
1,480,211 |
1,472,544 |
||
4. |
Contract claims: |
|||||
4.1 Life |
228,095 |
246,991 |
||||
4.2 Accident and health |
................................... |
................................... |
||||
5. |
Policyholders' dividends/refunds to members $ |
and coupons $ |
due |
|||
and unpaid |
................................... |
................................... |
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 $ ...................................
|
........................ 28,029 |
28,111 |
|||
6.2 |
Policyholders' dividends and refunds to members not yet apportioned (including $ |
|
|||
6.3 |
Coupons and similar benefits (including $ |
|
|||
7. |
Amount provisionally held for deferred dividend policies not included in Line 6 |
||||
8. |
Premiums and annuity considerations for life and accident and health contracts received in advance less |
||||
$ |
................................... discount; including $ |
accident and health premiums |
.......................... 1,433 |
1,188 |
9. Contract liabilities not included elsewhere:
9.1 |
Surrender values on canceled contracts |
................................... |
................................... |
||||||
9.2 |
Provision for experience rating refunds, including the liability of $ |
................................... |
accident and health |
||||||
experience rating refunds of which $ |
is for medical loss ratio rebate per the Public Health |
||||||||
Service Act |
................................... |
................................... |
|||||||
9.3 Other amounts payable on reinsurance, including $ |
assumed and $ |
503 |
|||||||
ceded |
503 |
88 |
|||||||
9.4 Interest Maintenance Reserve |
572,336 |
597,171 |
|||||||
10. |
Commissions to agents due or accrued-life and annuity contracts $ |
................................... |
, accident and health |
||||||
$ |
................................... |
and deposit-type contract funds $ |
.................................................. |
................................... |
................................... |
||||
11. |
..............................................................................Commissions and expense allowances payable on reinsurance assumed |
................................... |
................................... |
||||||
12. |
............................................................................................................................................General expenses due or accrued |
..........................1,440 |
.......................... 3,347 |
||||||
13. |
Transfers to Separate Accounts due or accrued (net) (including $ |
accrued for expense |
|||||||
allowances recognized in reserves, net of reinsured allowances) |
................................... |
................................... |
|||||||
14. |
Taxes, licenses and fees due or accrued, excluding federal income taxes |
................... 1,681,743 |
................... 2,973,168 |
||||||
15.1 |
Current federal and foreign income taxes, including $ |
on realized capital gains (losses) |
................... 6,142,793 |
................... 3,584,278 |
|||||
15.2 |
Net deferred tax liability |
................................... |
................................... |
||||||
16. |
Unearned investment income |
........................ 10,344 |
..........................8,725 |
||||||
17. |
.......................................................................................Amounts withheld or retained by reporting entity as agent or trustee |
............................(948) |
............................. 175 |
||||||
18. |
Amounts held for agents' account, including $ |
...........................................agents' credit balances |
................................... |
................................... |
|||||
19. |
........................................................................................................................................Remittances and items not allocated |
........................ 20,894 |
..........................2,522 |
||||||
20. |
Net adjustment in assets and liabilities due to foreign exchange rates |
.................................................................................... |
................................... |
................................... |
|||||
21. |
.......................................................................................Liability for benefits for employees and agents if not included above |
................................... |
................................... |
||||||
22. |
Borrowed money $ |
and interest thereon $ |
................................... |
........................................... |
................................... |
................................... |
|||
23. |
.......................................................................................................................Dividends to stockholders declared and unpaid |
................................... |
................................... |
||||||
24. |
Miscellaneous liabilities: |
||||||||
...................................................................................................................................................24.01 Asset valuation reserve |
...................... 102,364 |
........................ 91,637 |
|||||||
...................................24.02 Reinsurance in unauthorized and certified ($ |
.......................................................) companies |
................................... |
................................... |
||||||
24.03 Funds held under reinsurance treaties with unauthorized and certified ($ |
................................... ) reinsurers |
................................... |
................................... |
||||||
24.04 Payable to parent, subsidiaries and affiliates |
........................ 27,108 |
........................ 19,540 |
|||||||
...........................................................................................................................................................24.05 Drafts outstanding |
................................... |
................................... |
|||||||
............................................................................................................24.06 Liability for amounts held under uninsured plans |
................................... |
................................... |
|||||||
........................................................................................................................................24.07 Funds held under coinsurance |
................................... |
................................... |
|||||||
24.08 Derivatives |
................................... |
................................... |
|||||||
24.09 Payable for securities |
................................... |
................................... |
|||||||
.........................................................................................................................................24.10 Payable for securities lending |
................................... |
................................... |
|||||||
24.11 Capital notes $ |
and interest thereon $ |
................................... |
........................................... |
................................... |
................................... |
||||
25. |
Aggregate write-ins for liabilities |
126,513 |
122,300 |
||||||
26. |
Total liabilities excluding Separate Accounts business (Lines 1 to 25) |
..................................................................................... |
20,875,802 |
19,717,317 |
|||||
27. |
.........................................................................................................................................From Separate Accounts Statement |
................................... |
................................... |
||||||
28. |
Total liabilities (Lines 26 and 27) |
20,875,802 |
19,717,317 |
||||||
29. |
Common capital stock |
700,000 |
700,000 |
||||||
30. |
..............................................................................................................................................................Preferred capital stock |
................................... |
................................... |
||||||
31. |
..........................................................................................................Aggregate write-ins for other than special surplus funds |
................................... |
................................... |
||||||
32. |
............................................................................................................................................................................Surplus notes |
................749,550,000 |
................749,550,000 |
||||||
33. |
.......................................................................................................................................Gross paid in and contributed surplus |
............ 2,855,691,537 |
............ 2,802,591,537 |
||||||
34. |
Aggregate write-ins for special surplus funds |
................................... |
................................... |
||||||
35. |
Unassigned funds (surplus) |
...........(2,588,387,434) |
...........(2,457,273,947) |
||||||
36. |
Less treasury stock, at cost: |
||||||||
36.1 |
................................... |
shares common (value included in Line 29 |
$ |
) |
|||||
................................... |
................................... |
||||||||
36.2 |
................................... |
shares preferred (value included in Line 30 |
$ |
) |
|||||
................................... |
................................... |
||||||||
37. |
Surplus (Total Lines 31+32+33+34+35-36) (including $ |
in Separate Accounts Statement) |
1,016,854,103 |
1,094,867,590 |
|||||
38. |
Totals of Lines 29, 30 and 37 |
1,017,554,103 |
1,095,567,590 |
||||||
39. |
Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3) |
1,038,429,904 |
1,115,284,907 |
||||||
DETAILS OF WRITE-INS |
|||||||||
2501. |
.......................................................................................................................................................................Unclaimed funds |
...................... 126,513 |
...................... 122,300 |
||||||
2502 |
.................................... |
.................................... |
|||||||
2503 |
.................................... |
.................................... |
|||||||
2598. |
..............................................................................................Summary of remaining write-ins for Line 25 from overflow page |
................................... |
................................... |
||||||
2599. |
Totals (Lines 2501 through 2503 plus 2598)(Line 25 above) |
126,513 |
122,300 |
||||||
3101 |
.................................... |
.................................... |
3102. ................................................................................................................................................................................................... .................................... ....................................
3103. ................................................................................................................................................................................................... .................................... ....................................
3198. Summary of remaining write-ins for Line 31 from overflow page .............................................................................................. ................................... ...................................
3199. Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)
3401. ................................................................................................................................................................................................... .................................... ....................................
3402. ................................................................................................................................................................................................... .................................... ....................................
3403. ................................................................................................................................................................................................... .................................... ....................................
3498. Summary of remaining write-ins for Line 34 from overflow page .............................................................................................. ................................... ...................................
3499. Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)
3
STATEMENT AS OF
SUMMARY OF OPERATIONS
1 |
2 |
3 |
||
Current Year |
Prior Year |
Prior Year Ended |
||
To Date |
To Date |
|
||
1. |
Premiums and annuity considerations for life and accident and health contracts |
........................ 61,022 |
........................ 64,285 |
........................ 80,219 |
2. |
Considerations for supplementary contracts with life contingencies |
|||
................................... |
................................... |
................................... |
||
3. |
Net investment income |
................. 16,529,794 |
................... 6,879,248 |
................393,835,475 |
4. |
Amortization of Interest Maintenance Reserve (IMR) |
.......................... 7,320 |
........................ 14,905 |
........................ 19,874 |
5. |
Separate Accounts net gain from operations excluding unrealized gains or losses |
................................... |
................................... |
................................... |
6. |
Commissions and expense allowances on reinsurance ceded |
............................... 65 |
............................... 67 |
............................... 80 |
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) |
16,598,201 |
6,958,506 |
393,935,648 |
10. |
Death benefits |
129,841 |
...................... 269,053 |
...................... 315,881 |
11. |
Matured endowments (excluding guaranteed annual pure endowments) |
..........................2,112 |
..........................5,227 |
..........................5,155 |
12. |
Annuity benefits |
..........................8,598 |
........................ 97,739 |
........................ 99,135 |
13. |
Disability benefits and benefits under accident and health contracts |
............................. 226 |
............................. 226 |
............................. 271 |
14. |
Coupons, guaranteed annual pure endowments and similar benefits |
................................... |
................................... |
................................... |
15. |
Surrender benefits and withdrawals for life contracts |
........................ 75,376 |
...................... 162,929 |
.......................217,933 |
16. |
Group conversions |
................................... |
................................... |
................................... |
17. |
Interest and adjustments on contract or deposit-type contract funds |
........................ 34,513 |
........................ 37,645 |
........................ 50,490 |
18. |
Payments on supplementary contracts with life contingencies |
................................... |
................................... |
................................... |
19. |
Increase in aggregate reserves for life and accident and health contracts |
(112,590) |
(350,943) |
(421,167) |
20. |
Totals (Lines 10 to 19) |
.......................138,075 |
...................... 221,874 |
...................... 267,699 |
21. |
Commissions on premiums, annuity considerations, and deposit-type contract funds (direct |
|||
business only) |
................................... |
................................... |
................................... |
|
22. |
Commissions and expense allowances on reinsurance assumed |
................................... |
................................... |
................................... |
23. |
General insurance expenses and fraternal expenses |
.......................343,487 |
.......................396,187 |
...................... 517,098 |
24. |
Insurance taxes, licenses and fees, excluding federal income taxes |
.....................(265,179) |
.....................(256,330) |
.....................(417,772) |
25. |
Increase in loading on deferred and uncollected premiums |
............................. 283 |
............................(740) |
........................ (1,519) |
26. |
Net transfers to or (from) Separate Accounts net of reinsurance |
................................... |
................................... |
................................... |
27. |
Aggregate write-ins for deductions |
|||
28. |
Totals (Lines 20 to 27) |
216,666 |
360,991 |
365,506 |
29. |
Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus |
|||
Line 28) |
................. 16,381,535 |
................... 6,597,515 |
................393,570,141 |
|
30. |
Dividends to policyholders and refunds to members |
20,533 |
19,498 |
23,902 |
31. |
Net gain from operations after dividends to policyholders, refunds to members and before federal |
|||
income taxes (Line 29 minus Line 30) |
................. 16,361,002 |
................... 6,578,017 |
................393,546,239 |
|
32. |
Federal and foreign income taxes incurred (excluding tax on capital gains) |
(10,788,665) |
(76,054,293) |
(85,582,337) |
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) |
................. 27,149,666 |
................. 82,632,310 |
................479,128,576 |
34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital
gains tax of $ |
(excluding taxes of $ |
(4,656) |
||||
transferred to the IMR) |
||||||
35. |
Net income (Line 33 plus Line 34) |
27,149,666 |
82,632,310 |
479,128,576 |
||
CAPITAL AND SURPLUS ACCOUNT |
||||||
36. |
Capital and surplus, |
1,095,567,590 |
1,401,178,564 |
1,401,178,564 |
||
37. |
Net income (Line 35) |
27,149,666 |
82,632,310 |
479,128,576 |
||
38. |
...............................Change in net unrealized capital gains (losses) less capital gains tax of $ |
................(53,252,423) |
(50,943,105) |
(380,628,153) |
||
39. |
Change in net unrealized foreign exchange capital gain (loss) |
................................... |
................................... |
................................... |
||
40. |
Change in net deferred income tax |
(1,771) |
(55,682,547) |
(61,570,652) |
||
41. |
Change in nonadmitted assets |
..........................1,768 |
................. 55,682,548 |
................. 61,570,648 |
||
42. |
.......................................Change in liability for reinsurance in unauthorized and certified companies |
................................... |
................................... |
................................... |
||
43. |
Change in reserve on account of change in valuation basis, (increase) or decrease |
................................... |
................................... |
................................... |
||
44. |
Change in asset valuation reserve |
(10,727) |
(10,018) |
(15,599) |
||
45. |
Change in treasury stock |
................................... |
................................... |
................................... |
||
46. |
.........................................Surplus (contributed to) withdrawn from Separate Accounts during period |
................................... |
................................... |
................................... |
||
47. |
................................................................Other changes in surplus in Separate Accounts Statement |
................................... |
................................... |
................................... |
||
48. |
Change in surplus notes |
................................... |
................................... |
................................... |
||
49. |
Cumulative effect of changes in accounting principles |
................................... |
................................... |
................................... |
||
50. |
Capital changes: |
|||||
50.1 Paid in |
................................... |
................................... |
................................... |
|||
..................................................................................50.2 Transferred from surplus (Stock Dividend) |
................................... |
................................... |
................................... |
|||
50.3 Transferred to surplus |
................................... |
................................... |
................................... |
|||
51. |
Surplus adjustment: |
|||||
51.1 Paid in |
53,100,000 |
23,500,000 |
34,400,000 |
|||
........................................................................................51.2 Transferred to capital (Stock Dividend) |
................................... |
................................... |
................................... |
|||
51.3 Transferred from capital |
................................... |
................................... |
................................... |
|||
...............................................................................51.4 Change in surplus as a result of reinsurance |
................................... |
................................... |
................................... |
|||
52. |
Dividends to stockholders |
..............(105,000,000) |
................(34,200,000) |
..............(438,495,794) |
||
53. |
.............................................................................Aggregate write-ins for gains and losses in surplus |
|||||
54. |
Net change in capital and surplus for the year (Lines 37 through 53) |
(78,013,487) |
20,979,187 |
(305,610,975) |
||
55. |
Capital and surplus, as of statement date (Lines 36 + 54) |
1,017,554,103 |
1,422,157,751 |
1,095,567,590 |
||
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) |
|||||
5301 |
.................................... |
.................................... |
.................................... |
5302. .............................................................................................................................................................. .................................... .................................... ....................................
5303. .............................................................................................................................................................. .................................... .................................... ....................................
5398. Summary of remaining write-ins for Line 53 from overflow page ............................................................................................ ................................... ...................................
5399. Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)
4
STATEMENT AS OF
CASH FLOW
Cash from Operations
1
Current Year
To Date
2
Prior Year
To Date
3
Prior Year Ended
1. |
Premiums collected net of reinsurance |
........................ 61,800 |
........................ 66,671 |
........................ 83,331 |
|
2. |
Net investment income |
................. 16,649,301 |
................... 6,907,604 |
................393,815,843 |
|
3. |
Miscellaneous income |
65 |
67 |
80 |
|
4. |
Total (Lines 1 to 3) |
16,711,166 |
6,974,342 |
393,899,254 |
|
5. |
Benefit and loss related payments |
...................... 266,146 |
.......................541,779 |
...................... 661,922 |
|
6. |
Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts |
................................... |
................................... |
................................... |
|
7. |
...............................................Commissions, expenses paid and aggregate write-ins for deductions |
................... 1,371,641 |
................. (1,216,892) |
................. (1,148,233) |
|
8. |
Dividends paid to policyholders |
........................ 20,616 |
........................ 21,523 |
........................ 25,969 |
|
9. |
Federal and foreign income taxes paid (recovered) net of $ |
(4,656) tax on capital |
|||
gains (losses) |
(24,198,265) |
(55,606,750) |
(70,603,279) |
||
10. |
Total (Lines 5 through 9) |
(22,539,863) |
(56,260,340) |
(71,063,621) |
|
11. |
Net cash from operations (Line 4 minus Line 10) |
39,251,029 |
63,234,682 |
464,962,875 |
|
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 |
Bonds |
............................. 846 |
............................. 651 |
............................. 878 |
12.2 |
Stocks |
................. 37,280,177 |
................................... |
................................... |
12.3 |
Mortgage loans |
................................... |
................................... |
................................... |
12.4 |
Real estate |
................................... |
................................... |
................................... |
12.5 |
Other invested assets |
................................... |
................................... |
................................... |
12.6 |
Net gains or (losses) on cash, cash equivalents and short-term investments |
.......................(22,170) |
........................ (8,895) |
........................ (8,895) |
12.7 |
Miscellaneous proceeds |
|||
12.8 Total investment proceeds (Lines 12.1 to 12.7) |
................. 37,258,853 |
........................ (8,244) |
........................ (8,018) |
13. Cost of investments acquired (long-term only):
13.1 |
Bonds |
.......................878,380 |
................................... |
................................... |
|
13.2 |
Stocks |
................. 26,750,000 |
................. 66,750,000 |
................. 73,250,000 |
|
13.3 |
Mortgage loans |
................................... |
................................... |
................................... |
|
13.4 |
Real estate |
................................... |
................................... |
................................... |
|
13.5 |
Other invested assets |
................................... |
................................... |
................................... |
|
13.6 |
Miscellaneous applications |
||||
13.7 |
Total investments acquired (Lines 13.1 to 13.6) |
27,628,380 |
66,750,000 |
73,250,000 |
|
14. |
Net increase (or decrease) in contract loans and premium notes |
(5,758) |
13,843 |
12,793 |
|
15. |
Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) |
9,636,230 |
(66,772,088) |
(73,270,811) |
|
Cash from Financing and Miscellaneous Sources |
|||||
16. |
Cash provided (applied): |
||||
16.1 |
Surplus notes, capital notes |
................................... |
................................... |
................................... |
|
16.2 |
Capital and paid in surplus, less treasury stock |
................. 53,100,000 |
................. 23,500,000 |
................. 34,400,000 |
|
16.3 |
Borrowed funds |
................................... |
................................... |
................................... |
|
16.4 |
Net deposits on deposit-type contracts and other insurance liabilities |
.......................... 7,667 |
.......................(62,831) |
.......................(74,439) |
|
..........................................................................................................16.5 Dividends to stockholders |
............... 105,000,000 |
................. 34,200,000 |
................438,495,794 |
||
....................................................................................................16.6 Other cash provided (applied) |
28,183 |
4,618 |
(476) |
||
17. |
Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5 |
||||
plus Line 16.6) |
(51,864,150) |
(10,758,213) |
(404,170,709) |
||
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS |
|||||
18. |
.Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) |
................. (2,976,891) |
................(14,295,619) |
................(12,478,645) |
|
19. |
Cash, cash equivalents and short-term investments: |
||||
19.1 |
Beginning of year |
..................33,613,787 |
................. 46,092,432 |
................. 46,092,432 |
|
19.2 End of period (Line 18 plus Line 19.1) |
30,636,896 |
31,796,814 |
33,613,787 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
5
STATEMENT AS OF
EXHIBIT 1
DIRECT PREMIUMS AND DEPOSIT-TYPE CONTRACTS
1 |
2 |
3 |
||
Current Year |
Prior Year |
Prior Year Ended |
||
To Date |
To Date |
|
||
1. |
Individual life |
........................ 62,401 |
........................ 65,769 |
........................ 82,023 |
2. |
Group life |
................................... |
................................... |
................................... |
3. |
Individual annuities |
................................... |
................................... |
................................... |
4. |
Group annuities |
................................... |
................................... |
................................... |
5. |
Accident & health |
................................... |
................................... |
................................... |
6. |
Fraternal |
................................... |
................................... |
................................... |
7. |
Other lines of business |
................................... |
................................... |
................................... |
8. |
Subtotal (Lines 1 through 7) |
62,401 |
65,769 |
82,023 |
9. |
Deposit-type contracts |
................................... |
................................... |
................................... |
10. |
Total (Lines 8 and 9) |
62,401 |
65,769 |
82,023 |
6
Attachments
Disclaimer
Donald Trump’s economic agenda for his second term is clouding the outlook for mortgage rates
Trump Victory Signals Golden Era For Crypto Industry
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News