Condensed Statutory Balance Sheet
| |
06/30/2010 |
12/31/2009 |
| ASSETS |
|
|
| Fixed Maturities |
3,155,266 |
3,030,140 |
| Common Stocks |
1,368 |
1,377 |
| Derivative Instruments |
- |
390 |
| Policy Loans |
19,209 |
18,959 |
| Cash & Short Term Investments |
153,331 |
288,626 |
| Other Invested Assets |
216,014 |
196,189 |
| Other Assets |
70,502 |
78,209 |
| TOTAL ASSETS |
3,615,690 |
3,613,890 |
| |
|
|
| LIABILITIES |
|
|
| Policy Reserves |
3,261,414 |
3,277,952 |
| Other Liabilities |
(3,995) |
(12,756) |
| TOTAL |
3,257,419 |
3,265,196 |
| |
|
|
| CAPITAL, SURPLUS, AND INVESTMENT RESERVES |
|
|
| Asset Valuation Reserve |
34,022 |
10,698 |
| Interest Maintenance Reserve |
67,065 |
68,219 |
| Capital and Surplus |
257,184 |
269,777 |
| TOTAL |
358,271 |
348,694 |
| |
|
|
| TOTAL LIABILITIES, CAPITAL AND SURPLUS |
3,615,690 |
3,612,890 |
Condensed Statutory Statement of Operations
|
06/30/2010 |
06/30/2009 |
| Revenues |
|
|
| Insurance Revenues |
60,017 |
119,219 |
| Net Investment Income |
93,739 |
76,601 |
| Other |
3,666 |
3,075 |
| TOTAL REVENUES |
157,422 |
198,895 |
| |
|
|
| BENEFITS AND EXPENSES |
|
|
| Benefit Payments |
141,949 |
179,479 |
| Changes to Reserve Liabilities |
(10,740) |
13,905 |
| Insurance Expenses and Taxes |
13,569 |
14,921 |
| TOTAL BENEFIT AND EXPENSES |
144,778 |
208,305 |
| |
|
|
| OPERATING INCOME BEFORE TAXES |
12,644 |
(9,410) |
| Federal Income Taxes |
8,455 |
(1,023) |
| OPERATING INCOME, NET |
4,189 |
(8,387) |
| Realized Capital Gains (Losses), Net |
2,719 |
(1,785) |
| NET INCOME (LOSS) |
6,908 |
(10,172) |