ANNUAL STATEMENT STANDARD INSURANCE COMPANY

Transcription

1 ANNUAL STATEMENT OF THE STANDARD INSURANCE COMPANY OF PORTLAND IN THE STATE OF OREGON Book of 07 TO THE INSURANCE DEPARTMENT OF THE STATE OF FOR THE YEAR ENDED DECEMBER, 07 LIFE AND ACCIDENT AND HEALTH 07

2 LIFE AND ACCIDENT AND HEALTH COMPANIES - ASSOCIATION EDITION ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER, 07 OF THE CONDITION AND AFFAIRS OF THE Standard Insurance Company * * NAIC Group Code NAIC Company Code 6909 Employer's ID Number (Current) (Prior) Organized under the Laws of Oregon, State of Domicile or Port of Entry OR Country of Domicile United States of America Incorporated/Organized 0/4/906 Commenced Business 04//906 Statutory Home Office 00 Southwest Sixth Avenue, Portland, OR, US (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 00 Southwest Sixth Avenue (Street and Number) Portland, OR, US , (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address PO Box 7, Portland, OR, US (Street and Number or P.O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 00 Southwest Sixth Avenue (Street and Number) Portland, OR, US , (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Website Address Statutory Statement Contact David Christian Pagliarulo, (Name) (Area Code) (Telephone Number) david.pagliarulo@standard.com, ( Address) (FAX Number) OFFICERS Chairman, President & Chief Executive Officer John Gregory Ness Chief Financial Officer Floyd Fitz-Hubert Chadee Corporate Secretary Holley Young Franklin JD Corporate Actuary Sally Ann Manafi FSA Robert Michael Erickson CMA, Controller OTHER DIRECTORS OR TRUSTEES Frederick William Buckman Ranjana Bhattacharya Clark Elizabeth Ellen Flynn # Debora Dyer Horvath Duane Charles McDougall Helen Elizabeth Mitchell # Haruo Mimori Kevin Masazo Murai John Gregory Ness Eric Edmond Parsons Mary Frances Sammons Minoru Wakabayashi Richard Howard Wills # Nobutaka Yagi Kazunori Yamauchi State of County of Oregon Multnomah SS: The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: () state law may differ; or, () that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement. John Gregory Ness Floyd Fitz-Hubert Chadee Holley Young Franklin JD Chairman, President & Chief Executive Officer Chief Financial Officer Corporate Secretary a. Is this an original filing? Yes [ X ] No [ ] Subscribed and sworn to before me this b. If no, 6 day of February, 08. State the amendment number. Date filed. Number of pages attached Nicole Alison Denney Notary Public September 7, 00

3 ASSETS Assets Current Year Nonadmitted Assets Net Admitted Assets (Cols. - ) Prior Year 4 Net Admitted Assets. Bonds (Schedule D) 8,69,970,9 0 8,69,970,9 7,850,90,076. Stocks (Schedule D):. Preferred stocks,00,000 0,00,000,00,000. Common stocks 6,907, ,907,900 9,87,00. Mortgage loans on real estate (Schedule B):. First liens 6,8,496,80 0 6,8,496,80 5,75,55,4. Other than first liens Real estate (Schedule A): 4. Properties occupied by the company (less $ 0 encumbrances) 59,7, ,7,646 44,64,50 4. Properties held for the production of income (less $ 0 encumbrances),50,870 0,50,870,,8 4. Properties held for sale (less $ 0 encumbrances) Cash ($ 4,740,059, Schedule E - Part ), cash equivalents ($ 7,085,68, Schedule E - Part ) and short-term investments ($ 0, Schedule DA) 4,85,7 0 4,85,7 78,889,87 6. Contract loans (including $ 0 premium notes),57,045 0,57,045,404,47 7. Derivatives (Schedule DB) 7,80,64 0 7,80,64 0,8,7 8. Other invested assets (Schedule BA) 96,699, ,699,080 0,54,85 9. Receivables for securities 60,59, ,59,06 05,676,6 0. Securities lending reinvested collateral assets (Schedule DL) Aggregate write-ins for invested assets Subtotals, cash and invested assets (Lines to ) 5,7,54,79 0 5,7,54,79 4,054,705,86. Title plants less $ 0 charged off (for Title insurers only) Investment income due and accrued 08,550,5 0 08,550,5 07,568,8 5. Premiums and considerations: 5. Uncollected premiums and agents' balances in the course of collection 58,680,904 9,56,949 49,6,955 8,47, Deferred premiums and agents' balances and installments booked but deferred and not yet due (including $ 0 earned but unbilled premiums) 7, ,045 06,46 5. Accrued retrospective premiums ($,48,85 ) and 6. Reinsurance: contracts subject to redetermination ($ 0 ),45, 04,507,48,85,65,00 6. Amounts recoverable from reinsurers 5,588, ,588,559 5,47, Funds held by or deposited with reinsured companies Other amounts receivable under reinsurance contracts 9,04,45 0 9,04,45 6,574,86 7. Amounts receivable relating to uninsured plans,444,46 0,444,46 4,657, Current federal and foreign income tax recoverable and interest thereon 40,5, ,5,585 50,, Net deferred tax asset 48,948, 5,50,459 97,445,77,70, 9. Guaranty funds receivable or on deposit 4,94,00 0 4,94,00,648,07 0. Electronic data processing equipment and software 68,755,889 57,9,599,46,90 7,85,880. Furniture and equipment, including health care delivery assets ($ 0 ) 4,75,679 4,75, Net adjustment in assets and liabilities due to foreign exchange rates Receivables from parent, subsidiaries and affiliates 8,59, ,59,880 4,07,9 4. Health care ($ 0 ) and other amounts receivable Aggregate write-ins for other than invested assets,79,548 9,78,800,40,748 4,9,99 6. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines to 5) 5,985,87,08 7,07,99 5,8,69,5 4,680,69, From Separate Accounts, Segregated Accounts and Protected Cell Accounts 8,8,76,5 0 8,8,76,5 7,,499,9 8. Total (Lines 6 and 7) 4,4,,6 7,07,99,95,005,60,79,8,976 DETAILS OF WRITE-INS Summary of remaining write-ins for Line from overflow page Totals (Lines 0 thru 0 plus 98)(Line above) State transferable tax credits,7,894 0,7,894 4,7, Miscellaneous non-invested assets 8,567,509 8,564,655,854,0 50. Prepaid expenses 0,84,45 0,84, Summary of remaining write-ins for Line 5 from overflow page Totals (Lines 50 thru 50 plus 598)(Line 5 above),79,548 9,78,800,40,748 4,9,99

4 LIABILITIES, SURPLUS AND OTHER FUNDS Prior Year Current Year. Aggregate reserve for life contracts $ 7,984,6,46 (Exh. 5, Line ) less $ 0 included in Line 6. (including $ 0 Modco Reserve) 7,984,6,46 7,5,46,77. Aggregate reserve for accident and health contracts (including $ 0 Modco Reserve) 4,09,79,64 4,008,04,780. Liability for deposit-type contracts (Exhibit 7, Line 4, Col. ) (including $ 0 Modco Reserve),86,555,87,,644,84 4. Contract claims: 4. Life (Exhibit 8, Part, Line 4.4, Col. less sum of Cols. 9, 0 and ) 9,9,696 9,49, 4. Accident and health (Exhibit 8, Part, Line 4.4, sum of Cols. 9, 0 and ) 7,7, 70,89, Policyholders dividends $ 490 and coupons $ 0 due and unpaid (Exhibit 4, Line 0) 490 9,95 6. Provision for policyholders dividends and coupons payable in following calendar year - estimated amounts: 6. Dividends apportioned for payment (including $ 0 Modco) 99,4 9, Dividends not yet apportioned (including $ 0 Modco) Coupons and similar benefits (including $ 0 Modco) Amount provisionally held for deferred dividend policies not included in Line Premiums and annuity considerations for life and accident and health contracts received in advance less $ 0 discount; including $ 7,,64 accident and health premiums (Exhibit, Part, Col., sum of lines 4 and 4) 9,8,840 0,578,55 9. Contract liabilities not included elsewhere: 9. Surrender values on canceled contracts Provision for experience rating refunds, including the liability of $ 8,98,88 accident and health experience rating refunds of which $ 0 is for medical loss ratio rebate per the Public Health Service Act 58,694,9 44,804,4 9. Other amounts payable on reinsurance, including $ 95,6 assumed and $ 0,6,58 ceded 0,,74 9,08, Interest maintenance reserve (IMR, Line 6) 4,588,808 5,444, Commissions to agents due or accrued-life and annuity contracts $ 8,7,86 accident and health $ 4,80,79 and deposit-type contract funds $,6,67 4,0,984 4,9,446. Commissions and expense allowances payable on reinsurance assumed 0 0. General expenses due or accrued (Exhibit, Line, Col. 6) 85,0,65 5,675,9. Transfers to Separate Accounts due or accrued (net) (including $ 0 accrued for expense allowances recognized in reserves, net of reinsured allowances) Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit, Line 9, Col. 5),954,78 6,06,7 5. Current federal and foreign income taxes, including $ 0,958,87 on realized capital gains (losses) Net deferred tax liability Unearned investment income 0,78,06 7. Amounts withheld or retained by company as agent or trustee 9,657,044 8,,67 8. Amounts held for agents' account, including $ 4,99 agents' credit balances 4,99 9. Remittances and items not allocated 48,88,60 7,66,96 0. Net adjustment in assets and liabilities due to foreign exchange rates 0 0. Liability for benefits for employees and agents if not included above 0 0. Borrowed money $ 0 and interest thereon $, Dividends to stockholders declared and unpaid Miscellaneous liabilities: 4.0 Asset valuation reserve (AVR, Line 6, Col. 7) 9,4,,990, Reinsurance in unauthorized and certified ($ 0 ) companies Funds held under reinsurance treaties with unauthorized and certified ($ 0 ) reinsurers Payable to parent, subsidiaries and affiliates 56,0,80, Drafts outstanding Liability for amounts held under uninsured plans,0 58, Funds held under coinsurance Derivatives 0 8,08, Payable for securities 7,000, Payable for securities lending Capital notes $ 0 and interest thereon $ Aggregate write-ins for liabilities 8,0,00 47,980,88 6. Total liabilities excluding Separate Accounts business (Lines to 5) 4,705,60,07,640,68, From Separate Accounts Statement 8,8,76,5 7,,499,9 8. Total liabilities (Lines 6 and 7),84,66,4 0,75,767,68 9. Common capital stock 4,88,694 4,88, Preferred capital stock 0 0. Aggregate write-ins for other than special surplus funds 0 0. Surplus notes 50,000,000 50,000,000. Gross paid in and contributed surplus (Page, Line, Col. plus Page 4, Line 5., Col. ) 7,,8 7,,8 4. Aggregate write-ins for special surplus funds,887, Unassigned funds (surplus) 60,50,6 95,99,8 6. Less treasury stock, at cost: 6. 0 shares common (value included in Line 9 $ 0 ) shares preferred (value included in Line 0 $ 0 ) Surplus (Total Lines ) (including $ 0 in Separate Accounts Statement) 684,50,54 66,5, Totals of Lines 9, 0 and 7 (Page 4, Line 55),08,69,08,040,7,8 9. Totals of Lines 8 and 8 (Page, Line 8, Col. ),95,005,60,79,8,976 DETAILS OF WRITE-INS 50. Accrued interest and other liabilities 6,455,944,8, Swap collateral 0,87, Long-term contracts payable 444,77,69, Summary of remaining write-ins for Line 5 from overflow page,0,59,4, Totals (Lines 50 thru 50 plus 598)(Line 5 above) 8,0,00 47,980, Summary of remaining write-ins for Line from overflow page Totals (Lines 0 thru 0 plus 98)(Line above) Special surplus fund for Affordable Care Act,887, Summary of remaining write-ins for Line 4 from overflow page Totals (Lines 40 thru 40 plus 498)(Line 4 above),887,049 0

5 SUMMARY OF OPERATIONS Prior Year Current Year. Premiums and annuity considerations for life and accident and health contracts (Exhibit, Part, Line 0.4, Col., less Col. ) 4,00,6,0 4,075,796,89. Considerations for supplementary contracts with life contingencies,7,8 4,777,67. Net investment income (Exhibit of Net Investment Income, Line 7) 5,069,78 58,7,50 4. Amortization of Interest Maintenance Reserve (IMR, Line 5) 7,577,04 7,880,4 5. Separate Accounts net gain from operations excluding unrealized gains or losses Commissions and expense allowances on reinsurance ceded (Exhibit, Part, Line 6., Col. ) 78,685,987 70,48,0 7. Reserve adjustments on reinsurance ceded Miscellaneous Income: 8. Income from fees associated with investment management, administration and contract guarantees from Separate Accounts 5,66,7 6,004, Charges and fees for deposit-type contracts Aggregate write-ins for miscellaneous income,744, 9,766,0 9. Total (Lines to 8.) 5,049,685, 4,8,746,0 0. Death benefits 86,567,670 4,74,85. Matured endowments (excluding guaranteed annual pure endowments) 0 0. Annuity benefits (Exhibit 8, Part, Line 6.4, Cols ) 978,577,6,07,69,47. Disability benefits and benefits under accident and health contracts,0,069,6 984,98,75 4. Coupons, guaranteed annual pure endowments and similar benefits Surrender benefits and withdrawals for life contracts,698,880,60,496,060, Group conversions Interest and adjustments on contract or deposit-type contract funds 6,99,7,056, Payments on supplementary contracts with life contingencies 4,78,75 4,98, Increase in aggregate reserves for life and accident and health contracts 554,49,06 76,06,5 0. Totals (Lines 0 to 9) 4,6,45,96 4,47,09,55. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit, Part, Line, Col. ) 6,786,887 96,840,49. Commissions and expense allowances on reinsurance assumed (Exhibit, Part, Line 6., Col. ),77,970,00,97. General insurance expenses (Exhibit, Line 0, Cols.,, and 4) 55,969,7 506,564, Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit, Line 7, Cols. + + ) 69,68,56 57,99,86 5. Increase in loading on deferred and uncollected premiums 75,765 86,68 6. Net transfers to or (from) Separate Accounts net of reinsurance (0,9,8) (46,0,94) 7. Aggregate write-ins for deductions 7,54 57,86 8. Totals (Lines 0 to 7) 4,874,78,6 4,650,589,77 9. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 8) 75,506,848 8,56,84 0. Dividends to policyholders 00,949 97,70. Net gain from operations after dividends to policyholders and before federal income taxes (Line 9 minus Line 0) 75,405,899 8,058,94. Federal and foreign income taxes incurred (excluding tax on capital gains) (,,805) 9,90,47. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line minus Line ) 77,79,704 7,868, Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $ 7,9,749 (excluding taxes of $,69,065 transferred to the IMR) 5,966 (8,07,) 5. Net income (Line plus Line 4) 78,4,670 44,76,44 CAPITAL AND SURPLUS ACCOUNT 6. Capital and surplus, December, prior year (Page, Line 8, Col. ),040,7,8,085,07,90 7. Net income (Line 5) 78,4,670 44,76,44 8. Change in net unrealized capital gains (losses) less capital gains tax of $,4,66,907,9 5,68, Change in net unrealized foreign exchange capital gain (loss) Change in net deferred income tax (05,508,57) 9,50,79 4. Change in nonadmitted assets 68,097,505 (46,4,66) 4. Change in liability for reinsurance in unauthorized and certified companies Change in reserve on account of change in valuation basis, (increase) or decrease 0 (,5,77) 44. Change in asset valuation reserve (7,5,406) (7,88,68) 45. Change in treasury stock (Page, Lines 6. and 6., Col. minus Col. ) Surplus (contributed to) withdrawn from Separate Accounts during period Other changes in surplus in Separate Accounts Statement Change in surplus notes Cumulative effect of changes in accounting principles Capital changes: 50. Paid in Transferred from surplus (Stock Dividend) Transferred to surplus Surplus adjustment: 5. Paid in 0 8,895,8 5. Transferred to capital (Stock Dividend) Transferred from capital Change in surplus as a result of reinsurance (80,09) (86,75) 5. Dividends to stockholders (7,000,000) (79,000,000) 5. Aggregate write-ins for gains and losses in surplus 5,49,590,9, Net change in capital and surplus for the year (Lines 7 through 5) 67,997,870 (44,656,58) 55. Capital and surplus, December, current year (Lines ) (Page, Line 8),08,69,08,040,7,8 DETAILS OF WRITE-INS Other income,744, 9,766, Summary of remaining write-ins for Line 8. from overflow page Totals (Lines 08.0 thru 08.0 plus 08.98)(Line 8. above),744, 9,766,0 70. Other expenses 7,54 57, Summary of remaining write-ins for Line 7 from overflow page Totals (Lines 70 thru 70 plus 798)(Line 7 above) 7,54 57, Change in liability for pension and postretirement benefits,09,94 (5,685) 50. Adjustment due to accounting error (57,54,679),879, Nonqualified defined benefit plan adjustment 59,94,875 (,69,797) 598. Summary of remaining write-ins for Line 5 from overflow page Totals (Lines 50 thru 50 plus 598)(Line 5 above) 5,49,590,9,495 4

6 CASH FLOW Current Year Prior Year Cash from Operations. Premiums collected net of reinsurance 4,04,708,85 4,078,8,494. Net investment income 588,946,74 590,560,450. Miscellaneous income 6,046,458 6,9, 4. Total (Lines through ) 5,9,70,04 4,885,06,67 5. Benefit and loss related payments,79,80,076,596,85,04 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts (0,9,8) (46,0,94) 7. Commissions, expenses paid and aggregate write-ins for deductions 80,8, ,78, Dividends paid to policyholders 04,50 96,06 9. Federal and foreign income taxes paid (recovered) net of $ 0 tax on capital gains (losses) (,47,56),7,96 0. Total (Lines 5 through 9) 4,7,89,6,898,74,570. Net cash from operations (Line 4 minus Line 0) 848,,40 986,8,697 Cash from Investments. Proceeds from investments sold, matured or repaid:. Bonds,566,80,74,4,659,58. Stocks,46,400,469,900. Mortgage loans,69,656,80,8,59,68.4 Real estate Other invested assets 47,64 6,55.6 Net gains or (losses) on cash, cash equivalents and short-term investments,467,78.7 Miscellaneous proceeds,004,40 4,479.8 Total investment proceeds (Lines. to.7),849,688,04,454,559,498. Cost of investments acquired (long-term only):. Bonds,99,769,69,56,090,8. Stocks 9,7,000,85,800. Mortgage loans,77,79,46,74,847,80.4 Real estate 8,67,05 6,65,8.5 Other invested assets 49,9,86 4,45,06.6 Miscellaneous applications 54,96,874 7,488,768.7 Total investments acquired (Lines. to.6),86,50,060,84,6,94 4. Net increase (decrease) in contract loans and premium notes (47,48) (84,97) 5. Net cash from investments (Line.8 minus Line.7 minus Line 4) (,0,674,598) (99,6,94) Cash from Financing and Miscellaneous Sources 6. Cash provided (applied): 6. Surplus notes, capital notes Capital and paid in surplus, less treasury stock Borrowed funds Net deposits on deposit-type contracts and other insurance liabilities 6,90,546 56,799, Dividends to stockholders 7,000,000 79,000, Other cash provided (applied) 6,87,05 (4,4,4) 7. Net cash from financing and miscellaneous sources (Lines 6. to 6.4 minus Line 6.5 plus Line 6.6) 8,97,65 (6,6,970) RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 8. Net change in cash, cash equivalents and short-term investments (Line, plus Lines 5 and 7) 6,95,454 (6,6,96) 9. Cash, cash equivalents and short-term investments: 9. Beginning of year 78,889,87 85,5, End of year (Line 8 plus Line 9.) 4,85,7 78,889,87 Note: Supplemental disclosures of cash flow information for non-cash transactions: Non-cash real estate additions 0 89, Non-cash mortgage disposal 0 70, Non-cash premium 0,000 90,000 5

7 6 ANNUAL STATEMENT FOR THE YEAR 07 OF THE STANDARD INSURANCE COMPANY ANALYSIS OF OPERATIONS BY LINES OF BUSINESS Ordinary 6 Group Accident and Health Aggregate of All Total Industrial Life Life Insurance Individual Annuities Supplementary Contracts Credit Life (Group and Individual) Life Insurance (a) Annuities Group Credit (Group and Individual) Other Other Lines of Business. Premiums and annuity considerations for life and accident and health contracts 4,00,6,0 0,88,66 50,780,09 0 0,50,99,6,8,4,4,656, ,09,44 0. Considerations for supplementary contracts with life contingencies,7, ,50,68, Net investment income 5,069, ,090,749 7,76, ,58,067 5,78,80 45,64,9 0 45,6,8 0,404, Amortization of Interest Maintenance Reserve (IMR) 7,577,04 0 0,89,00 06, ,6,8,897,75, ,5 509,79 5. Separate Accounts net gain from operations excluding unrealized gains or losses Commissions and expense allowances on reinsurance ceded 78,685,987 0,440, ,44,86 0 5,964,86 0,89, Reserve adjustments on reinsurance ceded Miscellaneous Income: 8. Fees associated with income from investment management, administration and contract guarantees from Separate Accounts 5,66, ,66, Charges and fees for deposit-type contracts Aggregate write-ins for miscellaneous income,744, ,55 4 9,985, ,85,6, Totals (Lines to 8.) 5,049,685, 0,89,95 60,8,76 0,964,90 0,09,8,90,099,8,44,706, ,644,65,57,5 0. Death benefits 86,567, ,09, ,57, Matured endowments (excluding guaranteed annual pure endowments) Annuity benefits 978,577,6 0 0,468, ,08, Disability benefits and benefits under accident and health contracts,0,069, ,890, ,78, Coupons, guaranteed annual pure endowments and similar benefits Surrender benefits and withdrawals for life contracts,698,880,60 0 8,09 468,44, ,0,09, Group conversions Interest and adjustments on contract or deposit-type contract funds 6,99,7 0 8,684,45,57 4,070,08 0 4,49,769,45,57,00, Payments on supplementary contracts with life contingencies 4,78, ,78, Increase in aggregate reserves for life and accident and health contracts 554,49,06 0 4,00 85,77,99,07 0 (49,4,85) 44,6,7 47,096, 0 6,608, Totals (Lines 0 to 9) 4,6,45,96 0 4,0,50 568,74,04 8,96,85 0 7,878,809,6,77,040 97,007, ,786,87 0. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) 6,786, ,45, ,589,554 5,64,076 86,6,49 0 5,497,78 0. Commissions and expense allowances on reinsurance assumed,77, ,77, General insurance expenses 55,969,7 0 0,,75 0 0,455,040 65,9,9 6,068,5 0,99, Insurance taxes, licenses and fees, excluding federal income taxes 69,68,56 0 0,0,70 0 0,6,9,68,4 7,979, ,78, Increase in loading on deferred and uncollected premiums 75, , , Net transfers to or (from) Separate Accounts net of reinsurance (0,9,8) (0,9,8) Aggregate write-ins for deductions 7, ,577 0,54 5, ,94 (98) 8. Totals (Lines 0 to 7) 4,874,78,6 0 4,8,70 60,460,885 8,96,85 0 6,50,68,88,00,90,4,78,60 0,08,68 (98) 9. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 8) 75,506,848 0 (509,506) 8,5,876,00, ,570,699,095,5 (8,077,070) 0 4,55,94,58,6 0. Dividends to policyholders 00, , Net gain from operations after dividends to policyholders and before federal income taxes (Line 9 minus Line 0) 75,405,899 0 (60,455) 8,5,876,00, ,570,699,095,5 (8,077,070) 0 4,55,94,58,6. Federal income taxes incurred (excluding tax on capital gains) (,,805) 0 (,5,786) (,7,0) (59,9) 0 6,488,646 (7,96,590) (9,0,464) 0 8,97,905 4,5,57. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line minus Line ) 77,79, ,,06,986,6, ,08,05 0,056,84 0,955,94 0 5,56,07 8,005,589 DETAILS OF WRITE-INS Other income,744, ,55 4 9,985, ,85,6, Summary of remaining write-ins for Line 8. from overflow page Totals (Lines 08.0 thru 08.0 plus 08.98) (Line 8. above),744, ,55 4 9,985, ,85,6, Other expenses 7, ,577 0,54 5, ,94 (98) Summary of remaining write-ins for Line 7 from overflow page Totals (Lines 70 thru 70 plus 798) (Line 7 above) 7, ,577 0,54 5, ,94 (98) (a) Includes the following amounts for FEGLI/SGLI: Line 0, Line 0 0, Line 6 0, Line 0, Line 4 0

8 ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR Ordinary 6 Group Total Industrial Life Life Insurance Individual Annuities Supplementary Contracts Credit Life (Group and Individual) Life Insurance 8 Annuities Involving Life or Disability Contingencies (Reserves) (Net of Reinsurance Ceded). Reserve December, prior year 7,5,46,77 0 6,786,7,07,777,44 40,868, ,70,065,649,760,06. Tabular net premiums or considerations,490,5,85 0,9,7 50,768,649,786, ,,7,0,94,756. Present value of disability claims incurred 56,55, XXX 0 56,55, Tabular interest 0,9, ,708 76,,05,55,49 0 9,664,677 9,60, Tabular less actual reserve released (4,68,998) 0 0 (5,786) (67,00) 0 (4,86,50) (4,70) 6. Increase in reserve on account of change in valuation basis Change in excess of VM-0 deterministic/stochastic reserve over net premium reserve 0 XXX 0 XXX XXX XXX XXX XXX 7. Other increases (net) (0,900,895) 0,097,908 (,000,000) 0 0 0,97 8. Totals (Lines to 7),5,76,85 0 9,5,556,67,65,9 45,90,99 0,559,560,940 5,96,04,7 9. Tabular cost 770,065,6 0,40,858 0 XXX 0 768,644, Reserves released by death 5,460, ,98 XXX XXX 0 4,860,406 XXX. Reserves released by other terminations (net),770,7, , ,67,655 8, ,97,866,0,,509. Annuity, supplementary contract and disability payments involving life contingencies 995,04, ,468,645 4,655, ,99,056. Net transfers to or (from) Separate Accounts (0,40,97) (0,40,97) 4. Total Deductions (Lines 9 to ),,49,9 0,60,8 480,40,00 4,874, ,4,70,879,00,59 5. Reserve December, current year 7,984,6,46 0 6,90,7,57,5,09 4,08, ,8,0 4,08,9,579

9 EXHIBIT OF NET INVESTMENT INCOME Collected During Year Earned During Year. U.S. Government bonds (a) 4, ,09. Bonds exempt from U.S. tax (a) 0 0. Other bonds (unaffiliated) (a),5,9 09,500,99. Bonds of affiliates (a) 0 0. Preferred stocks (unaffiliated) (b) 4,000 4,000. Preferred stocks of affiliates (b) 0 0. Common stocks (unaffiliated) 908, ,079. Common stocks of affiliates 0 0. Mortgage loans (c) 6,05,97 6,940,89 4. Real estate (d),65,846,87,874 5 Contract loans 40,6 40,6 6 Cash, cash equivalents and short-term investments (e),9,96,66,48 7 Derivative instruments (f) (4,47,6) (4,47,6) 8. Other invested assets 0 (55,,98) 9. Aggregate write-ins for investment income 8,698,98 8,698,98 0. Total gross investment income 646,857,85 590,54,069. Investment expenses (g),6,75. Investment taxes, licenses and fees, excluding federal income taxes (g),400,98. Interest expense (h),5, Depreciation on real estate and other invested assets (i),44,05 5. Aggregate write-ins for deductions from investment income 7,58,58 6. Total deductions (Lines through 5) 78,454,89 7. Net investment income (Line 0 minus Line 6) 5,069,78 DETAILS OF WRITE-INS 090. Miscellaneous Investment Income 45,456 45, Prepayment penalty interest on callable bonds 8,8,48 8,8, Summary of remaining write-ins for Line 9 from overflow page Totals (Lines 090 thru 090 plus 0998) (Line 9, above) 8,698,98 8,698, Interest Expense - FHLB Advances,00,4 50. Mortgage Loan Service Fee 8,009, Investment Fund Servicing Fee,90, Summary of remaining write-ins for Line 5 from overflow page,445, Totals (Lines 50 thru 50 plus 598) (Line 5, above) 7,58,58 (a) Includes $ 5,6,76 accrual of discount less $ 4,96,60 amortization of premium and less $ 8,6,796 paid for accrued interest on purchases. (b) Includes $ 0 accrual of discount less $ 0 amortization of premium and less $ 0 paid for accrued dividends on purchases. (c) Includes $ 8,975 accrual of discount less $,866 amortization of premium and less $ 0 paid for accrued interest on purchases. (d) Includes $ 6,857,55 for company s occupancy of its own buildings; and excludes $ 0 interest on encumbrances. (e) Includes $ 0 accrual of discount less $ 0 amortization of premium and less $ 0 paid for accrued interest on purchases. (f) Includes $ 0 accrual of discount less $ 0 amortization of premium. (g) Includes $ 0 investment expenses and $ 0 investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts. (h) Includes $,5,000 interest on surplus notes and $ 0 interest on capital notes. (i) Includes $,44,05 depreciation on real estate and $ 0 depreciation on other invested assets. EXHIBIT OF CAPITAL GAINS (LOSSES) 4 5 Total Realized Capital Gain (Loss) (Columns + ) Change in Unrealized Capital Gain (Loss) Change in Unrealized Foreign Exchange Capital Gain (Loss) Realized Gain (Loss) On Sales or Maturity Other Realized Adjustments. U.S. Government bonds Bonds exempt from U.S. tax Other bonds (unaffiliated),56,7 (,54,094) 9,74, Bonds of affiliates Preferred stocks (unaffiliated) Preferred stocks of affiliates Common stocks (unaffiliated) Common stocks of affiliates Mortgage loans (,76,96) 0 (,76,96) Real estate (,478) 0 (,478) Contract loans Cash, cash equivalents and short-term investments 0,467, Derivative instruments 8,00,6 0 8,00,6,40, Other invested assets 404, ,85 (78,) 0 9. Aggregate write-ins for capital gains (losses) (8,8,48) 99,7 (8,08,759),68, Total capital gains (losses) 9,5,806 (,9,904) 8,9,90,0,87 0 DETAILS OF WRITE-INS 090. Other Capital Losses 0 (9,45) (9,45) Provision Adjustment to Mortgage Loans 0 0 0,68, Prepayment penalty interest on callable bonds (8,8,48) 0 (8,8,48) Summary of remaining write-ins for Line 9 from overflow page 0 9,47 9, Totals (Lines 090 thru 090 plus 0998) (Line 9, above) (8,8,48) 99,7 (8,08,759),68,

10 9 ANNUAL STATEMENT FOR THE YEAR 07 OF THE STANDARD INSURANCE COMPANY EXHIBIT - PART - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS Ordinary 5 Group Accident and Health Aggregate of All Total Industrial Life Life Insurance Individual Annuities Credit Life (Group and Individual) Life Insurance Annuities Group Credit (Group and Individual) Other Other Lines of Business FIRST YEAR (other than single). Uncollected (,09,96) 0 4, (,4,78) 0. Deferred and accrued 04,9 0 04, Deferred, accrued and uncollected:. Direct 88, , , Reinsurance assumed, ,96 0. Reinsurance ceded,95, ,95,5 0.4 Net (Line + Line ) (,005,65) 0 9, (,4,78) 0 4. Advance 56, , Line.4 - Line 4 (,6,58) 0 8, (,80,89) 0 6. Collected during year: 6. Direct 6,66,96 0,085,986, ,5, Reinsurance assumed (60) (60) 0 6. Reinsurance ceded 8,77, ,77, Net 7,888,708 0,085,986, ,579, Line 5 + Line 6.4 6,66, ,756,986, ,98, Prior year (uncollected + deferred and accrued - advance) (,0,6) 0 56, (,59,49) 0 9. First year premiums and considerations: 9. Direct 6,65,85 0 8,97,986, ,8, 0 9. Reinsurance assumed (6) (6) 0 9. Reinsurance ceded 8,9, ,9, Net (Line 7 - Line 8) 7,79,8 0 8,97,986, ,58,9 0 SINGLE 0. Single premiums and considerations: 0. Direct 509,44, ,97,6 49,7, Reinsurance assumed Reinsurance ceded 5,9, ,9, Net 49,, ,560 49,7, RENEWAL. Uncollected (44,94,75) 0, (9,96,94),79,9 76,044,479 0 (,7,60) 0. Deferred and accrued (58,47,07) 0 77, (9,7,085) 0 (8,98,88) Deferred, accrued and uncollected:. Direct 6,00,80 0,780, ,78,49,79,9 58,04,90 0,65,86 0. Reinsurance assumed 5,088, ,06 0 4,84, , Reinsurance ceded,70,744 0,479, ,468,94 0 5,85,66 0 4,98, Net (Line + Line ) (0,6,48) 0 0, (9,67,479),79,9 7,060,64 0 (,7,60) 0 4. Advance 9,576,7 0 8,48 0 0,6,67 0 5,54,87 0,700, Line.4 - Line 4 (,87,800) 0 9, (4,9,746),79,9,805,770 0 (4,87,857) 0 6. Collected during year: 6. Direct 4,649,87,59 0,584,676 6,5, ,66,6,6,545,84,4,558,505 0,6, Reinsurance assumed 88,80, , ,888,64 0 7,90, Reinsurance ceded 99,6, ,606, ,5, 0 5,596, ,64, Net,89,08, ,99 6,5, ,6,77,6,545,84,49,849,96 0 8,906, Line 5 + Line 6.4,706,80,76 0,7, 6,5, ,977,07,9,6,0,8,655,7 0 77,068, Prior year (uncollected + deferred and accrued - advance) (8,88,9) 0 06, (0,54,965),54,06 9,999,05 0 (4,665,05) 0 9. Renewal premiums and considerations: 9. Direct 4,649,490,09 0,48,6 6,5, ,747,444,6,8,4,,46,706 0,496, Reinsurance assumed 88,650, , ,59,6 0 7,99, Reinsurance ceded 948,9, 0 0,474, ,90,66 0,400, ,756, Net (Line 7 - Line 8),789,9, ,0 6,5,578 0,50,99,6,8,4,4,656,68 0 8,74,05 0 TOTAL 0. Total premiums and annuity considerations: 0. Direct 5,85,87,78 0 7,795, 50,780, ,747,444,6,8,4,,46, ,778, Reinsurance assumed 88,650, , ,59,6 0 7,99, Reinsurance ceded 97,776,48 0 6,406, ,90,66 0,400, ,678, Net (Lines ) 4,00,6,0 0,88,66 50,780,09 0,50,99,6,8,4,4,656, ,09,44 0

11 0 DIVIDENDS AND COUPONS APPLIED (included in Part ) ANNUAL STATEMENT FOR THE YEAR 07 OF THE STANDARD INSURANCE COMPANY EXHIBIT - PART - DIVIDENDS AND COUPONS APPLIED, REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES AND COMMISSIONS INCURRED (Direct Business Only) Ordinary 5 Group Accident and Health Total Industrial Life Life Insurance Individual Annuities Credit Life (Group and Individual) Life Insurance Annuities Group Credit (Group and Individual) Other Aggregate of All Other Lines of Business. To pay renewal premiums 4,85 0 4, All other 40, , REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES INCURRED. First year (other than single):. Reinsurance ceded 6,9, ,9, Reinsurance assumed Net ceded less assumed 6,9, ,9, Single: 4. Reinsurance ceded Reinsurance assumed Net ceded less assumed Renewal: 5. Reinsurance ceded 7,76,899 0,440, ,44,86 0 5,964,86 0 5,97, Reinsurance assumed,77, ,77, Net ceded less assumed 69,05,99 0,440, ,44,86 0 5,964,86 0,79, Totals: 6. Reinsurance ceded (Page 6, Line 6) 78,685,987 0,440, ,44,86 0 5,964,86 0,89, Reinsurance assumed (Page 6, Line ),77, ,77, Net ceded less assumed 75,948,07 0,440, ,44,86 0 5,964,86 0 0,0,0 0 COMMISSIONS INCURRED (direct business only) 7. First year (other than single) 5,94, ,5 0 7,48, ,84 7,4,9 0 7,04, Single 9,9, ,9, Renewal 44,998,99 0 0,98 0 6,05,974 5,07,89 69,69,98 0 4,47, Deposit-type contract funds Totals (to agree with Page 6, Line ) 6,786, ,45,88 0 4,589,554 5,64,076 86,6,49 0 5,497,78 0

12 EXHIBIT - GENERAL EXPENSES Insurance 5 6 Accident and Health 4 Life Cost Containment All Other All Other Lines of Business Investment Total. Rent 6,755,78 0,7, ,777 8,8,478. Salaries and wages 5,554, ,89,0 0 4,89,7 6,85,40. Contributions for benefit plans for employees 7,480,8 0 8,8,047 0,78,500 9,79,70. Contributions for benefit plans for agents Payments to employees under non-funded benefit plans Payments to agents under non-funded benefit plans Other employee welfare,6, ,90, ,44 8,76,998. Other agent welfare Legal fees and expenses,0, ,85 0 5,08,67,84 4. Medical examination fees,75,955 0,66, ,99,90 4. Inspection report fees, , , Fees of public accountants and consulting actuaries,074,007 0,644,8 0 98,,86, Expense of investigation and settlement of policy claims,77,47 0,05,06 0,9,65 5. Traveling expenses 4,4,0 0 6,40, ,488,407,44 5. Advertising 986,59 0,59,6 0 5,949,559,0 5. Postage, express, telegraph and telephone,6,47 0 5,, ,54 9,47, Printing and stationery,,89 0,74,78 0 8,4 4,469, Cost or depreciation of furniture and equipment,58,96 0,447, ,5,77, Rental of equipment 850,670 0,68,70 0 4,09,5, Cost or depreciation of EDP equipment and software,884, ,48,840 0,69,0 7,0, Books and periodicals 7, , ,756 97,6 6. Bureau and association fees 67,045 0,8, ,4,06,85 6. Insurance, except on real estate 95,55 0,77,04 0,670,697 5,94,9 6.4 Miscellaneous losses 7, ,8 0,48 09, Collection and bank service charges 07, , , Sundry general expenses 4,86,6 0 8,66, ,65,46, Group service and administration fees 8,840,87 0 0,94, ,764, Reimbursements by uninsured plans 0 0 (,4,60) 0 0 (,4,60) 7. Agency expense allowance Agents balances charged off (less $ 0 recovered) Agency conferences other than local meetings 8, 0 99, ,5 9. Real estate expenses 467, , ,,757 7,55,59 9. Investment expenses not included elsewhere,7 0 4, ,04 4,77 9. Aggregate write-ins for expenses General expenses incurred 9,60, 0 59,67,6 0,6,75 (a) 584,95,997. General expenses unpaid December, prior year 5,68, ,6,594 0,4,84 5,675,9. General expenses unpaid December, current year 44,0,9 0 7,68,7 0,6,546 85,0,65. Amounts receivable relating to uninsured plans, prior year 0 0 4,66, ,66, Amounts receivable relating to uninsured plans, current year 0 0,, ,, General expenses paid during year (Lines ) 8,468,50 0 5,007,888 0,4,54 549,908,94 DETAILS OF WRITE-INS Summary of remaining write-ins for Line 9. from overflow page Totals (Lines 09.0 thru 09.0 plus 09.98) (Line 9. above) (a) Includes management fees of $ 8,748,945 to affiliates and $,445,986 to non-affiliates. EXHIBIT - TAXES, LICENSES AND FEES (EXCLUDING FEDERAL INCOME TAXES) Insurance 4 5 Life Accident and Health All Other Lines of Business Investment Total. Real estate taxes 0 0 0,77,779,77,779. State insurance department licenses and fees,94,490,44, ,87,55. State taxes on premiums,90,44,068, ,97, Other state taxes, including $ 0 for employee benefits,448,985,776, ,5,7 5. U.S. Social Security taxes 4,86,659,65,7 0,0 6,05,5 6. All other taxes,9,877 6,09, 0 0 9,60, Taxes, licenses and fees incurred 4,876,55 44,76,08 0,400,98 7,09, Taxes, licenses and fees unpaid December, prior year,6,9,655,6 0 4,88 6,06,7 9. Taxes, licenses and fees unpaid December, current year,509,078,4,75 0 0,889,954,78 0. Taxes, licenses and fees paid during year (Lines ) 5,504,00 46,0,89 0,68,9 74,9,00 EXHIBIT 4 - DIVIDENDS OR REFUNDS Life Accident and Health. Applied to pay renewal premiums 4,85 0. Applied to shorten the endowment or premium-paying period 0 0. Applied to provide paid-up additions 40, Applied to provide paid-up annuities Total Lines through 4 65, Paid in cash, Left on deposit 5, Aggregate write-ins for dividend or refund options Total Lines 5 through 8 04, Amount due and unpaid Provision for dividends or refunds payable in the following calendar year 99,4 0. Terminal dividends 0 0. Provision for deferred dividend contracts Amount provisionally held for deferred dividend contracts not included in Line Total Lines 0 through 4 99, Total from prior year 0, Total dividends or refunds (Lines ) 00,949 0 DETAILS OF WRITE-INS 080. Applied to reduce policy loans Summary of remaining write-ins for Line 8 from overflow page Totals (Lines 080 thru 080 plus 0898) (Line 8 above) 5 0

13 EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS Valuation Standard Total Industrial 4 Ordinary 5 Credit (Group and Individual) 6 Group AE.50% NLP CNF , , AM(5).00% NLP CNF ,5 0, AM(5).00% ILL CNF , , CSO.5% NLP CNF ,5,56 0,5, CSO.5% CRVM CNF ,56,84 0,56, CSO.5% NJ CNF ,570,09 0,570, CSO.50% CRVM CNF , , CSO.00% NLP CNF ,509,05 0 5,509, CSO.00% NJ CNF ,5,8 0 0,5, CSO.50% NLP CNF ,878,57 0 0,878, CSO.50% CRVM CNF ,0, ,0, CSO 4.00% NLP CNF ,68 0 4, CSO 4.00% CRVM CNF ,07,890 0,07, CSO 4.50% NLP CNF ,59 0 9, CSO 4.50% CRVM ,866, ,866, CSO 5.50% NLP CNF ,055, ,055, CSO 5.50% CRVM ,854,459 0,854, CSO 6.00% CRVM ,6,095 0,6, CSO 4.00% CRVM ,5, ,5, CSO 4.50% NLP , 0 95, CSO 4.50% CRVM ,57, 0 08,57, CSO 4.50% NLP CNF , , CSO 5.00% NLP ,58,5 0,58, CSO 5.00% CRVM crf ,75, ,75, CSO 5.50% NL ,098,9 0 4,098, CSO 5.50% CRVM ,07,4 0,07, CSO 6.00% CRVM CNF ,884,9 0 4,884, CSO 4.00% CRVM CNF , , CSO.5% CRVM CNF 0-07 NB,90,67 0,90, CSO /% , , CSO 4% , , CSO 4 /% ,05, ,05, CSO 5 /% ,085, ,085, CSO 5% ,75, ,75, CSO 4 /% ,57, ,57, CSO 4% ,478, ,478, CSO /% 0-06 NB 5,57, ,57, Totals (Gross) 77,987,8 0 7,056, ,90, Reinsurance ceded 704,5, ,5, Life Insurance: Totals (Net) 69,8,6 0 6,90, ,90, IAM.50% , ,7 XXX 7,7 XXX IAM 4.00% ,757,5 XXX 4,757,5 XXX IAM 4.50% ,557,995 XXX,557,995 XXX IAM 8.50% ,00,854 XXX,00,854 XXX IAM 8.75% 98 8,770,584 XXX 8,770,584 XXX IAM 5.50% 994, ,6,40 XXX 8,6,40 XXX IAM 5.75% 99 5,504,876 XXX 5,504,876 XXX IAM 6.00% 995 4,77,009 XXX 4,77,009 XXX IAM 6.5% 99 9,7,766 XXX 9,7,766 XXX IAM 6.50% 987, 990 6,8,440 XXX 6,8,440 XXX IAM 6.75% 99,00,65 XXX,00,65 XXX IAM 7.00% ,78,95 XXX,78,95 XXX IAM 7.5% 986 4,57,8 XXX 4,57,8 XXX ANNUITY % 00 5,575 XXX 5,575 XXX ANNUITY % 0 5,89,880 XXX 5,89,880 XXX ANNUITY 000.0% 0 76,989,709 XXX 76,989,709 XXX ANNUITY % 004,806,779 XXX,806,779 XXX ANNUITY % 00, 0 6,6,605 XXX 6,6,605 XXX ANNUITY % 005, ,,987 XXX 69,,987 XXX ANNUITY % 0 7,08,7 XXX 7,08,7 XXX ANNUITY % 005, 0, 04 09,889,07 XXX 09,889,07 XXX ANNUITY % 0 4,6,7 XXX 4,6,7 XXX ANNUITY % 004, ,758,998 XXX 46,758,998 XXX ANNUITY % 007, 009, 0 9,67,869 XXX 9,67,869 XXX ANNUITY % 00, 006, 00 95,04,09 XXX 95,04,09 XXX ANNUITY % , 00 9,576,50 XXX 9,576,50 XXX ANNUITY % ,7,48 XXX 48,7,48 XXX ANNUITY % ,469,6 XXX,469,6 XXX ANNUITY % 00-00, ,68,900 XXX 95,68,900 XXX ANNUITY % 000 7,707,78 XXX 7,707,78 XXX ANNUITY 0.% 07 NB 70,6 XXX 70,6 XXX ANNUITY 0.00% 06 8,748 XXX 8,748 XXX ANNUITY 0.47% ,70 XXX 994,70 XXX ANNUITY 0.50% 07 NB 9,,96 XXX 9,,96 XXX ANNUITY 0.75% NB 778,078,48 XXX 778,078,48 XXX ANNUITY % 06 7,8,055 XXX 7,8,055 XXX SELECT 00.88% 0 496,496 XXX 496,496 XXX SELECT 00.% 0,049,77 XXX,049,77 XXX SELECT 00.77% 04 60,5 XXX 60,5 XXX SELECT % ,087,04 XXX 95,087,04 XXX PENSION 0.00% ,09 XXX 0 XXX 66, PENSION 4.00% ,84 XXX 0 XXX 65, GAM 6.00% ,546 XXX 0 XXX 55, GAM 6.5% ,579 XXX 0 XXX 90, GAM 6.50% 986 8,44 XXX 0 XXX 8, GAM 7.5% ,68 XXX 0 XXX 54, GAM 7.75% ,605 XXX 0 XXX 65, GAM 8.00% ,0 XXX 0 XXX 886, GAM 8.5% ,764 XXX 0 XXX 84, GAM 8.75% 986, ,5,87 XXX 0 XXX,5, GAM 9.5% ,45 XXX 0 XXX 506, IAM 5.5% 99 58,85 XXX 0 XXX 58,85

14 EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS Valuation Standard Total Industrial 4 Ordinary 5 Credit (Group and Individual) 6 Group IAM 5.50% 995 4,89 XXX 0 XXX 4, IAM 5.75% 99,645 XXX 0 XXX, IAM 6.00% , ,97 XXX 0 XXX 5, IAM 6.5% 99, ,64,8 XXX 0 XXX,64, IAM 6.50% ,8,080 XXX 0 XXX,8, IAM 6.99% 995,499, XXX 0 XXX,499, IAM 7.5% ,608 XXX 0 XXX 05, IAM 7.75% 99,60,05 XXX 0 XXX,60, IAM 8.00% 990,46 XXX 0 XXX, IAM 8.5% ,789,07 XXX 0 XXX,789, GAM.64% 06,46,950 XXX 0 XXX,46, GAM.75% 07 NB,,776 XXX 0 XXX,, GAM.89% 05,6,99 XXX 0 XXX,6, GAM 4.00% 0,06,965 XXX 0 XXX,06, GAM 4.0% 0,98,8 XXX 0 XXX,98, GAM 4.% 04,457,806 XXX 0 XXX,457, GAM 4.47% 0,784,4 XXX 0 XXX,784, GAM 4.50% ,476,40 XXX 0 XXX,476, GAM 4.67% ,74 XXX 0 XXX 78, GAM 4.70% 00,07,47 XXX 0 XXX,07, GAM 5.06% 00,4,904 XXX 0 XXX,4, GAM 5.% ,400 XXX 0 XXX 687, GAM 5.5% 008,6,45 XXX 0 XXX,6, GAM 5.50% ,7 XXX 0 XXX 80, GAM 5.79% ,67 XXX 0 XXX 478, GAM 6.00% 00 94,89 XXX 0 XXX 94, GAM 6.5% ,486,467 XXX 0 XXX,486, GAM 6.50% ,44 XXX 0 XXX 760, GAM 6.75% ,565,05 XXX 0 XXX,565, GAM 7.00% 000,4,80 XXX 0 XXX,4, ANNUITY % ,8 XXX 0 XXX 95, ANNUITY % 998,478,646 XXX 0 XXX,478, GAM.00% NB 4,04,,8 XXX 0 XXX 4,04,, Totals (Gross) 7,4,48,594 XXX,57,5,05 XXX 4,08,9, Reinsurance ceded 0 XXX 0 XXX Annuities: Totals (Net) 7,4,48,594 XXX,57,5,05 XXX 4,08,9, ANNUITY % 0 44, , ANNUITY % 0 74, , ANNUITY % 0 67, , ANNUITY % 005,,46 0,, ANNUITY % 006, 00,0,476 0,0, ANNUITY % , , ANNUITY % 009 7,96 0 7, ANNUITY 0.50% 07 NB 7,69 0 7, ANNUITY 0.09% 06 4,096,40 0 4,096, ANNUITY 0.75% NB,687,8 0,687, ANNUITY % 05 4,9,4 0 4,9, SELECT 00.50% 958, , , SELECT 00.74% 0,46,60 0,46, SELECT 00.96% 0,95, 0,95, SELECT % 977-0, 04,76,80 0,76, Annuity %, 0 5,98 0 5, Annuity %, 07 NB 58, , Annuity %, 004, 007 0, , US Life Modified 4% NB 9,7, ,7, Totals (Gross) 60,98,85 0 4,60,8 0 9,7, Reinsurance ceded,458 0, SCWLC: Totals (Net) 60,66,87 0 4,08,9 0 9,7, ADB 958 CSO 4.50% , , Totals (Gross) 9, , Reinsurance ceded 9, , Accidental Death Benefits: Totals (Net) Interco Disa 958 CSO % ,6 0 4, Totals (Gross) 4,6 0 4, Reinsurance ceded 4,6 0 4, Disability-Active Lives: Totals (Net) Interco Disa 958 CSO % ,00,764 0,00, Inter-co Group Val Table 4 /% , ,, ,, Inter-co Group Val Table 5 /% ,79, ,79, Inter-co Group Val Table 5% ,65, ,65, Inter-co Group Val Table 4% ,67, ,67, Inter-co Group Val Table /% 0 40,478, ,478, Group Life Waiver Val Table /% NB 8,050, ,050, Inter-co Group Val Table /% , , Inter-co Group Val Table 4% , , Inter-co Group Val Table 4 /% , ,056, ,056, Inter-co Group Val Table 6% , , Inter-co Group Val Table 5 /% , , Inter-co Group Val Table 5% , , US Life Modified 4% NB,749, ,749, Totals (Gross) 60,74,6 0,00, ,4, Reinsurance ceded 7,4,55 0,00, ,8, Disability-Disabled Lives: Totals (Net) 6,059, ,059, Surrender Value in Excess,8,04 0,8,