Condensed Statutory Balance Sheet
|
9/30/2011 |
12/31/2010 |
| ASSETS |
|
|
| Fixed Maturities |
3,093,998 |
3,106,870 |
| Common Stocks |
168 |
664 |
| Derivative Instruments |
4,051 |
9,402 |
| Policy Loans |
18,336 |
19,607 |
| Cash & Short Term Investments |
117,543 |
87,898 |
| Other Invested Assets |
319,507 |
283,939 |
| Other Assets |
77,961 |
118,955 |
| TOTAL ASSETS |
3,631,564 |
3,627,335 |
 |
|
|
| LIABILITIES |
|
|
| Policy Reserves |
3,175,305 |
3,247,827 |
| Other Liabilities |
20,665 |
2,436 |
| TOTAL |
3,195,970 |
3,250,263 |
| |
|
|
| CAPITAL, SURPLUS, AND INVESTMENT RESERVES |
|
|
| Asset Valuation Reserve |
58,332 |
39,113 |
| Interest Maintenance Reserve |
63,821 |
64,928 |
| Capital and Surplus |
313,441 |
273,031 |
| TOTAL |
435,594 |
377,072 |
| |
|
|
| TOTAL LIABILITIES, CAPITAL AND SURPLUS |
3,631,564 |
3,627,335 |
Condensed Statutory Statement of Operations
|
9/30/2011 |
9/30/2010 |
| Revenues |
|
|
| Insurance Revenues |
47,332 |
98,582 |
| Net Investment Income |
170,681 |
142,546 |
| Other |
5,979 |
5,525 |
| TOTAL REVENUES |
223,992 |
246,653 |
| |
|
|
| BENEFITS AND EXPENSES |
|
|
| Benefit Payments |
213,489 |
208,999 |
| Changes to Reserve Liabilities |
(61,969) |
(2,362) |
| Insurance Expenses and Taxes |
21,493 |
21,445 |
| TOTAL BENEFIT AND EXPENSES |
173,013 |
228,082 |
| |
|
|
| OPERATING INCOME BEFORE TAXES |
50,979 |
18,571 |
| Federal Income Taxes |
12,228 |
8,728 |
| OPERATING INCOME, NET |
38,751 |
9,843 |
| Realized Capital (Loss) Gains, Net |
(50,249) |
2,873 |
| NET INCOME |
(11,498) |
12,716 |