Long-Term Care Insurance Experience Reports for 2014

Transcription

1 Long-Term Care Insurance Reports for 2014

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3 Long-Term Care Insurance Reports for

4 The NAIC is the authoritative source for insurance industry information. Our expert solutions support the efforts of regulators, insurers and researchers by providing detailed and comprehensive insurance information. The NAIC offers a wide range of publications in the following categories: Accounting & Reporting Information about statutory accounting principles and the procedures necessary for fi ling fi nancial annual statements and conducting risk-based capital calculations. Consumer Information Important answers to common questions about auto, home, health and life insurance as well as buyer s guides on annuities, long-term care insurance and Medicare supplement plans. Financial Regulation Useful handbooks, compliance guides and reports on fi nancial analysis, company licensing, state audit requirements and receiverships. Legal Comprehensive collection of NAIC model laws, regulations and guidelines; state laws on insurance topics; and other regulatory guidance on antifraud and consumer privacy. Regulation Regulatory and industry guidance on market-related issues, including antifraud, product fi ling requirements, producer licensing and market analysis. NAIC Activities NAIC member directories, in-depth reporting of state regulatory activities and offi cial historical records of NAIC national meetings and other activities. Special Studies Studies, reports, handbooks and regulatory research conducted by NAIC members on a variety of insurancerelated topics. Statistical Reports Valuable and in-demand insurance industry-wide statistical data for various lines of business, including auto, home, health and life insurance. Supplementary Products Guidance manuals, handbooks, surveys and research on a wide variety of issues. Capital s & Investment Analysis Information regarding portfolio values and procedures for complying with NAIC reporting requirements. White Papers Relevant studies, guidance and NAIC policy positions on a variety of insurance topics. For more information about NAIC publications, view our online catalog at: National Association of Insurance Commissioners. All rights reserved. ISBN: Printed in the United States of America No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the NAIC. NAIC Executive Offi ce 444 North Capitol Street, NW Suite 700 Washington, DC NAIC Central Offi ce 1100 Walnut Street Suite 1500 Kansas City, MO NAIC Capital s & Investment Analysis Offi ce One New York Plaza, Suite 4210 New York, NY

5 TABLE OF CONTENTS 2014 LONG-TERM CARE EXPERIENCE REPORT Introduction... 1 Qualifications... 1 LONG-TERM CARE INSURANCE EXPERIENCE, FORM Reporting 1 Introduction... 5 Annual Statement Filing Actual vs. Expected and, Aggregated Totals... 7 Top One Hundred Companies Countrywide Totals By Actual Lives In-force... 8 By Actual LONG-TERM CARE INSURANCE EXPERIENCE, FORM Reporting 2 Introduction Annual Statement Filing Insurance by Name by LONG-TERM CARE INSURANCE EXPERIENCE, FORM Reporting 4 Introduction Annual Statement Filing Life and Annuity Products Accelerated Benefits, Aggregated Totals LONG-TERM CARE INSURANCE EXPERIENCE, FORM Reporting 5 Introduction Annual Statement Filing Table State and U.S. Territory Totals Map State and U.S. Territory of Lives In-force Totals Insurance by of Business by State and U.S. Territory Totals Top Ten Companies by State and U.S. Territory By Actual COMPANY INDEX

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7 LONG-TERM CARE INSURANCE EXPERIENCE REPORTS FOR 2014 INTRODUCTION The purpose of the Long-Term Care Insurance Reporting s is to monitor and provide data specific to this coverage. Long-term care expenses may be paid through life policies, annuity contracts and health contracts. Starting in 2009, the NAIC replaced the prior forms (s A, B and C) with entirely new forms (s 1, 2, 3, 4 and 5). The original forms monitored compliance with lifetime loss ratio standards by comparing actual to anticipated loss percentages. A ratio of actual-to-expected loss percentages of 1.00 would be a rough indication that the experience is on track to produce the lifetime anticipated loss percentage. The new forms incorporate considerable changes in structure and purpose and are based on including additional calendar years of experience to prior results. To more appropriately compare the actual results with expectation, the expected values are based on the exposure at the beginning of that year, not the original assumed sales distribution used when completing the original forms. As such, great care should be taken in comparing results from this report with results from prior published reports. The new 1 focuses on the critical assumptions of morbidity and persistency while still presenting high-level loss ratio data. Prior-year values on the new forms will be filled in over time. Only information as of 2009 and subsequent years is required on the forms, unless it was required on the previous Long- Term Care Reporting s. Companies are not required to supply information for spaces on the forms corresponding to any year prior to adoption of the forms, unless that information was previously reported. The new 2 focuses on the developing level of funds from the issue age premium basis and compares this to the active life reserve. Prior-year values will be filled in over time. For 2014, the current year is completed using the 2013 year-end contract reserve as the beginning experience fund. The new 4 is to include life and annuity products that are not exempt as outlined in the NAIC Long-Term Care Insurance Model Regulation (#641). The new 5, which replaces the LTC experience C, requires information at the state level. 3 data is not included in this report; however this data is available for purchase. To purchase this data, please contact idp@naic.org, (816) Qualifications New Long-Term Care Reporting s were incorporated for the 2009 financial filing year and insurers were asked to complete both the original and new forms. The 2010 Long-Term Care Insurance Report was the first to be based off the new forms. Long-Term Care Insurance Reports from years prior to 2010 are based off the original forms. The accuracy of the reports depends on the accuracy of the information contained in the exhibits filed by the insurers. Even though the data elements used to prepare the reports are extracted from exhibits filed with the NAIC, the NAIC cannot guarantee their accuracy. 1

8 While the NAIC exercises a great deal of care in capturing data from these exhibits and producing these reports, as with any statistical project of a significant magnitude, errors can occur. Consequently, the NAIC makes no representations or warranties with respect to the accuracy of the data and statistics in these reports, and recommends that extreme caution be used in analysis of these data. Please send any questions regarding this report to researchrequest@naic.org. Links to this report and other NAIC reports can be found on the NAIC website at: NAIC Publications. 2

9 LONG-TERM CARE INSURANCE EXPERIENCE FORM 1 3

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11 Reporting 1 Nationwide Level Reporting Long-Term Care Insurance 1 is intended to track actual claims and persistency against expected on a nationwide basis. Certain group business is reported separately from individual and some group business. forms are grouped into three categories: comprehensive, institutional only or non-institutional. Yearly as well as cumulative comparisons are exhibited on the form. However, this report includes only the yearly amounts. forms that have had no policies in force and all claims on the policy settled for more than one year are not reported on this form. The current column refers to the current calendar year of reporting. The prior, second prior, etc., columns refer to the preceding calendar years. For example, for a specific policy form category, the first year of issue was The current year would be 2014, the prior year would be 2013, the second prior year would be 2012, the third prior year would be 2011, the fourth prior year would be 2010, and the fifth prior year would be The Inception-to-Date would include aggregate experience data since the adoption of the 1 (2009). The Total Inception-to-Date would include aggregate experience data since issuance of policies. Using the example above, data from 2002 through 2014 would be used. Given that this is only the fifth year of reporting for these forms and the level of confusion that remains regarding the Total Inception-to-Date and Inception-to-Date reporting, this report focuses on calendar-year data. This report will be expanded in future years as the data reported from insurers becomes more stable. The Long-Term Care Reporting s should be filed whenever long-term care insurance has been sold, regardless of which annual statement has been filed. The four annual statement types are: Life, Accident and Health; Property/Casualty; Fraternal; and Health. For the 2014 reporting year, a total of 182 companies filed 1: 135 Life, Accident and Health 13 Property/Casualty 5 Fraternal 29 Health (Narrative taken from Explanatory Notes for the Long-Term Care Reporting s supplemental instructions for the Annual Statement Reporting s. Refer to the appropriate Annual Statement Instructions for complete instructions and narrative. counts are derived from Annual Statement Reports filed with the NAIC for the 2014 reporting year.) 5

12 SUPPLEMENT FOR THE YEAR OF THE LONG-TERM CARE EXPERIENCE REPORTING FORM 1 ACTUAL VS. EXPECTED CLAIMS AND PERSISTENCY REPORTING YEAR 20 (To Be Filed By April 1) NAIC Group NAIC... Affix Bar Above Valuation Expected Actual to Expected Open Claim New Claim Lives In Force Expected Lives Count Count In Force Actual to Expected Lives In Force A. Individual Comprehensive: Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date... XXX XXX XXX XXX XXX XXX XXX Institutional Only: 9. Current Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date... XXX XXX XXX XXX XXX XXX XXX Non-Institutional Only: 17. Current Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date XXX XXX XXX XXX XXX XXX XXX B. Group Comprehensive: Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date... XXX XXX XXX XXX XXX XXX XXX Institutional Only: 9. Current Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date... XXX XXX XXX XXX XXX XXX XXX Non-Institutional Only: 17. Current Prior nd Prior rd Prior th Prior th Prior Inception-to-Date Total Inception-to-Date XXX XXX XXX XXX XXX XXX XXX C. Summary 1. Inception-to-Date Total Inception-to-Date XXX XXX XXX XXX XXX XXX XXX National Association of Insurance Commissioners Supp18 Health 6

13 2014 Long-Term Care Insurance Reporting - 1 Actual vs.expected and Aggregated Totals A. Individual Comprehensive: Amount Valuation Expected Actual to Expected Open Claim Count New Claim Count Lives Inforce Expected Lives Inforce Actual to Expected Lives Inforce 9,230,200,428 6,941,761, ,352,592, ,469 52,307 4,613,025 5,326, Prior 9,067,190,908 6,296,899, ,050,820, ,435 50,912 4,630,482 5,338, Institutional Only: 9. Current 419,064, ,118, ,398, ,346 6, , , Prior 437,345, ,585, ,618, ,758 7, , , Non-Institutional Only: 17. Current 128,058, ,823, ,661, ,247 4, , , Prior 138,384, ,627, ,702, ,210 4, , , B. Group Comprehensive: 1,711,002, ,016, ,823, ,641 8,185 2,200,588 2,213, Prior 1,680,318, ,494, ,147,174, ,979 8,067 2,226,728 2,270, Institutional Only: 9. Current 40,801,435 69,142, ,265, , ,595 48, Prior 42,444,178 68,287, ,562, , ,900 51, Non-Institutional Only: 17. Current 1,143,914 5,273, ,414, Prior 1,275,706 3,671, ,485, C. Summary 1. Individual Current 9,777,323,921 7,862,704, ,013,653, ,062 64,032 5,000,022 5,708, Individual Prior 9,642,921,019 7,194,112, ,709,142, ,403 63,329 5,041,123 5,736, Group Current 1,752,947, ,432, ,058,503, ,848 9,098 2,249,761 2,262, Group Prior 1,724,038, ,453, ,252,221, ,220 9,041 2,278,325 2,321, Total Current (Indv & Grp) 11,530,271,566 8,731,136, ,072,156, ,910 73,130 7,249,783 7,971, Total Prior (Indv & Grp) 11,366,959,222 7,965,566, ,961,363, ,623 72,370 7,319,448 8,058, CAUTION: The information contained on this page is UNAUDITED and not a complete analysis nor is it an expression of opinion on any insurer. 7

14 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual Lives in Force Group Name State of Domicil Lives Inforce Expected Lives Inforce Actual to Expected Lives Inforce Direct Percentage Genworth Life Ins Co DE 1,255,726 1,215, ,408,544,163 1,473,586, Unum Life Ins Co Of Amer ME 951, , ,791, ,555, John Hancock Life Ins Co USA MI 890, , ,527,460, ,382, Metropolitan Life Ins Co NY 513, , ,978, ,600, Continental Cas Co IL 416, , ,204, ,455, Bankers Life & Cas Co IL 267, , ,661, ,015, Transamerica Life Ins Co IA 251, , ,153, ,029, Prudential Ins Co Of Amer NJ 239, , ,830, ,905, Northwestern Long Term Care Ins Co WI 213, , ,243,873 71,171, New York Life Ins Co NY 138, , ,328, ,131, State Farm Mut Auto Ins Co IL 129, , ,396,414 81,473, Mutual Of Omaha Ins Co NE 127, , ,778, ,091, Allianz Life Ins Co Of N Amer MN 124, , ,983, ,741, Thrivent Financial For Lutherans WI 124, , ,506, ,504, RiverSource Life Ins Co MN 124, , ,746, ,417, Metlife Ins Co USA DE 92,412 89, ,622, ,534, Genworth Life Ins Co of NY NY 86,050 84, ,672, ,326, Massachusetts Mut Life Ins Co MA 83,331 84, ,821,277 35,714, Senior Hlth Ins Co of PA PA 80,418 80, ,032, ,678, John Hancock Life & Hlth Ins Co MA 68,204 67, ,571, ,571, Medamerica Ins Co PA 58,311 55, ,112,767 84,115, Lincoln Benefit Life Co NE 53,066 52, ,290,644 62,193, Aetna Life Ins Co CT 50,628 50, ,340,726 48,846, United Teacher Assoc Ins Co TX 45,080 44, ,660,848 47,894, Union Security Ins Co KS 44,236 43, ,396,991 97,773, Knights Of Columbus CT 43,990 52, ,519,174 18,443, First Unum Life Ins Co NY 39,819 39, ,197,853 58,869, United Of Omaha Life Ins Co NE 37,517 36, ,139,874 2,632, Cummulative 8

15 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual Lives in Force Group Name State of Domicil Lives Inforce Expected Lives Inforce Actual to Expected Lives Inforce Direct Percentage Time Ins Co WI 37,239 36, ,362, ,839, Ability Ins Co NE 36,000 34, ,325,432 86,168, Kanawha Ins Co SC 32,627 32, ,843,705 74,595, Transamerica Premier Life Ins Co IA 32,393 31, ,007,165 29,796, CMFG Life Ins Co IA 31,086 30, ,731,684 10,852, American Family Life Assur Co of Col NE 30,392 29, ,960,222 35,885, Physicians Mut Ins Co NE 29,572 29, ,187,593 39,550, Equitable Life & Cas Ins Co UT 27,733 26, ,820,136 69,249, Provident Life & Accident Ins Co TN 24,242 24, ,259,584 13,860, MedAmerica Ins Co of NY NY 23,643 22, ,514,325 85,497, Country Life Ins Co IL 21,291 20, ,774,346 20,492, Wea Ins Corp WI 19,605 21, ,517,149 3,543, Guarantee Trust Life Ins Co IL 19,369 19, ,530,659 12,601, American Fidelity Assur Co OK 19,025 18, ,201,372 14,582, State Life Ins Co IN 17,276 16, ,837,378 14,250, Berkshire Life Ins Co of Amer MA 16,800 16, ,690,132 4,165, Southern Farm Bureau Life Ins Co MS 16,402 15, ,169,307 31,599, United Security Assur Co Of PA PA 15,404 15, ,285,339 18,322, LifeSecure Ins Co MI 15,314 15, ,143,115 1,032, Jackson Natl Life Ins Co MI 13,452 13, ,908,359 31,779, John Alden Life Ins Co WI 11,200 10, ,273,608 32,824, Continental Gen Ins Co OH 11,129 10, ,474,423 39,486, Washington Natl Ins Co IN 9,887 9, ,550,000 38,393, AF&L Ins Co PA 9,617 11, ,437,651 20,307, Teachers Ins & Ann Assoc Of Amer NY 7,686 7, ,163,398 20,147, American Gen Life Ins Co TX 7,593 7, ,802,366 30,429, BCBS Of FL FL 6,918 6, ,994,197 10,279, Riversource Life Ins Co Of NY NY 6,301 6, ,741,748 14,515, Cummulative 9

16 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual Lives in Force Group Name State of Domicil Lives Inforce Expected Lives Inforce Actual to Expected Lives Inforce Direct Percentage Principal Life Ins Co IA 6,225 6, ,068,428 37,575, United Amer Ins Co NE 6,033 5, ,266,841 11,820, American Republic Ins Co IA 5,673 5, ,045,672 13,905, BCBS of AL AL 5,270 5, ,674,934 1,038, Pennsylvania Life Ins Co PA 4,747 4, ,651,174 9,295, Genworth Life & Ann Ins Co VA 4,643 4, ,244,010 13,356, Union Security Life Ins Co of NY NY 4,513 4, ,054,051 11,795, Farmers New World Life Ins Co WA 4,424 4, ,172,275 8,053, Stonebridge Life Ins Co VT 4,301 4, ,514,807 30,092, Forethought Life Ins Co IN 4,231 4, ,288, American Heritage Life Ins Co FL 4,027 3, ,793,752 21,457, Bankers Conseco Life Ins Co NY 4,017 3, ,683,796 9,416, Copic Ins Co CO 3,582 3, ,490,663 1,952, Premera Blue Cross WA 3,566 3, ,030,301 10,451, Auto Owners Life Ins Co MI 3,545 3, ,310,791 2,854, BCBSM Inc MN 3,386 3, ,664,767 11,512, TIAA Cref Life Ins Co NY 3,201 3, ,543,770 5,134, American Family Mut Ins Co WI 3,040 2, ,647,140 4,017, BCBS Of KS Inc KS 3,039 3, ,950,852 11,485, Connecticut Gen Life Ins Co CT 2,587 2, ,285,923 2,572, MedAmerica Ins Co of FL FL 2,435 2, ,492,114 2,012, BCBS Of NE NE 2,390 2, ,100,979 4,397, Allstate Life Ins Co IL 2,359 2, ,242,195 10,535, American Pioneer Life Ins Co FL 2,267 2, ,255,795 9,188, Teachers Protective Mut Life Ins Co PA 2,105 2, ,124,739 7,145, Pyramid Life Ins Co KS 2,094 3, ,563,714 8,026, Hartford Life Ins Co CT 1,995 1, ,693,577 6,740, Lincoln Natl Life Ins Co IN 1,953 1, ,108,921 4,667, Cummulative 10

17 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual Lives in Force Group Name State of Domicil Lives Inforce Expected Lives Inforce Actual to Expected Lives Inforce Direct Percentage Independence Hospital Ind Plan Inc PA 1,934 1, ,025,280 3,644, Transamerica Financial Life Ins Co NY 1,900 1, ,592, , Highmark Inc PA 1,882 1, ,985,159 1,549, Woodmen World Life Ins Soc NE 1,881 1, ,614,578 2,092, Anthem Blue Cross Life & Hlth Ins Co CA 1,819 1, ,915,729 5,299, American Progressive L&H Ins Of NY NY 1,757 1, ,942,488 8,373, Medico Ins Co NE 1,691 1, ,132,558 3,385, Reserve Natl Ins Co OK 1,579 1, ,204, , Great Amer Life Ins Co OH 1,560 1, ,600,503 1,088, Health Care Serv Corp A Mut Legal Re IL 1,537 1, ,843,446 4,056, Sentry Ins A Mut Co WI 1,493 1, ,739,332 3,439, Standard Life & Accident Ins Co TX 1,460 1, ,078,933 2,308, Noridian Mut Ins Co ND 1,340 1, ,626,825 3,033, American Independent Ntwrk Ins Co NY NY 1,273 1, ,923,577 3,839, Cincinnati Life Ins Co OH 1,269 1, ,679,651 3,124, Central States H & L Co Of Omaha NE 1,250 1, ,647,650 8,059, Cummulative 11

18 Group Name National Association of Insurance Commissioners 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual State of Domicil of Lives Direct Valuation Expected Actual to Expected Percentage Genworth Life Ins Co DE 1,255,726 2,408,544,163 1,473,586, ,607, John Hancock Life Ins Co USA MI 890,907 1,527,460, ,382, ,814, Metropolitan Life Ins Co NY 513, ,978, ,600, ,375, Unum Life Ins Co Of Amer ME 951, ,791, ,555, ,164, Continental Cas Co IL 416, ,204, ,455, ,281, Northwestern Long Term Care Ins Co WI 213, ,243,873 71,171, ,493, Bankers Life & Cas Co IL 267, ,661, ,015, ,290, Transamerica Life Ins Co IA 251, ,153, ,029, ,455, Prudential Ins Co Of Amer NJ 239, ,830, ,905, ,199, New York Life Ins Co NY 138, ,328, ,131, ,869, Mutual Of Omaha Ins Co NE 127, ,778, ,091, ,141, Metlife Ins Co USA DE 92, ,622, ,534, ,420, RiverSource Life Ins Co MN 124, ,746, ,417, ,474, Massachusetts Mut Life Ins Co MA 83, ,821,277 35,714, ,000, Genworth Life Ins Co of NY NY 86, ,672, ,326, ,443, State Farm Mut Auto Ins Co IL 129, ,396,414 81,473, ,243, Thrivent Financial For Lutherans WI 124, ,506, ,504, ,610, Allianz Life Ins Co Of N Amer MN 124, ,983, ,741, ,151, John Hancock Life & Hlth Ins Co MA 68, ,571, ,571, ,464, Senior Hlth Ins Co of PA PA 80, ,032, ,678, ,079, Medamerica Ins Co PA 58,311 87,112,767 84,115, ,648, Union Security Ins Co KS 44,236 83,396,991 97,773, ,052, United Of Omaha Life Ins Co NE 37,517 77,139,874 2,632, ,069, Ability Ins Co NE 36,000 75,325,432 86,168, ,292, Lincoln Benefit Life Co NE 53,066 73,290,644 62,193, ,748, First Unum Life Ins Co NY 39,819 67,197,853 58,869, ,509, Berkshire Life Ins Co of Amer MA 16,800 65,690,132 4,165, ,108, Equitable Life & Cas Ins Co UT 27,733 63,820,136 69,249, ,912, Cummulative

19 Group Name National Association of Insurance Commissioners 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual State of Domicil of Lives Direct Valuation Expected Actual to Expected Percentage United Teacher Assoc Ins Co TX 45,080 63,660,848 47,894, ,261, Time Ins Co WI 37,239 63,362, ,839, ,944, Knights Of Columbus CT 43,990 54,519,174 18,443, ,774, Transamerica Premier Life Ins Co IA 32,393 53,007,165 29,796, ,461, Physicians Mut Ins Co NE 29,572 50,187,593 39,550, ,338, CMFG Life Ins Co IA 31,086 47,731,684 10,852, ,866, MedAmerica Ins Co of NY NY 23,643 46,514,325 85,497, ,246, Kanawha Ins Co SC 32,627 45,843,705 74,595, ,675, Aetna Life Ins Co CT 50,628 44,340,726 48,846, ,761, Provident Life & Accident Ins Co TN 24,242 38,259,584 13,860, ,687, Country Life Ins Co IL 21,291 31,774,346 20,492, ,072, United Security Assur Co Of PA PA 15,404 29,285,339 18,322, ,454, American Family Life Assur Co of Col NE 30,392 27,960,222 35,885, ,067, Continental Gen Ins Co OH 11,129 27,474,423 39,486, ,518, State Life Ins Co IN 17,276 25,837,378 14,250, ,487, Guarantee Trust Life Ins Co IL 19,369 25,530,659 12,601, ,132, Southern Farm Bureau Life Ins Co MS 16,402 24,169,307 31,599, ,355, Jackson Natl Life Ins Co MI 13,452 23,908,359 31,779, ,094, AF&L Ins Co PA 9,617 23,437,651 20,307, ,552, Wea Ins Corp WI 19,605 22,517,149 3,543, ,055, American Fidelity Assur Co OK 19,025 22,201,372 14,582, ,829, American Gen Life Ins Co TX 7,593 20,802,366 30,429, ,495, Washington Natl Ins Co IN 9,887 17,550,000 38,393, ,719, LifeSecure Ins Co MI 15,314 17,143,115 1,032, , Teachers Ins & Ann Assoc Of Amer NY 7,686 14,163,398 20,147, ,791, John Alden Life Ins Co WI 11,200 11,273,608 32,824, ,377, Riversource Life Ins Co Of NY NY 6,301 10,741,748 14,515, ,184, Stonebridge Life Ins Co VT 4,301 10,514,807 30,092, ,227, Cummulative

20 Group Name National Association of Insurance Commissioners 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual State of Domicil of Lives Direct Valuation Expected Actual to Expected Percentage Union Security Life Ins Co of NY NY 4,513 9,054,051 11,795, ,448, BCBS Of FL FL 6,918 8,994,197 10,279, ,877, American Heritage Life Ins Co FL 4,027 8,793,752 21,457, ,415, Bankers Conseco Life Ins Co NY 4,017 8,683,796 9,416, ,455, United Amer Ins Co NE 6,033 8,266,841 11,820, ,815, BCBS of AL AL 5,270 7,674,934 1,038, ,855, American Republic Ins Co IA 5,673 7,045,672 13,905, ,268, Pennsylvania Life Ins Co PA 4,747 6,651,174 9,295, ,002, TIAA Cref Life Ins Co NY 3,201 6,543,770 5,134, ,160, Auto Owners Life Ins Co MI 3,545 6,310,791 2,854, ,334, Genworth Life & Ann Ins Co VA 4,643 6,244,010 13,356, ,263, Farmers New World Life Ins Co WA 4,424 6,172,275 8,053, ,493, Teachers Protective Mut Life Ins Co PA 2,105 6,124,739 7,145, ,404, Premera Blue Cross WA 3,566 6,030,301 10,451, ,641, BCBSM Inc MN 3,386 5,664,767 11,512, ,732, Transamerica Financial Life Ins Co NY 1,900 5,592, , ,373, Pyramid Life Ins Co KS 2,094 5,563,714 8,026, ,413, American Pioneer Life Ins Co FL 2,267 5,255,795 9,188, ,739, Principal Life Ins Co IA 6,225 5,068,428 37,575, ,082, Anthem Blue Cross Life & Hlth Ins Co CA 1,819 4,915,729 5,299, ,593, American Family Mut Ins Co WI 3,040 4,647,140 4,017, ,432, MedAmerica Ins Co of FL FL 2,435 4,492,114 2,012, ,809, Forethought Life Ins Co IN 4,231 4,288, Lincoln Natl Life Ins Co IN 1,953 4,108,921 4,667, ,884, BCBS Of KS Inc KS 3,039 3,950,852 11,485, ,183, American Progressive L&H Ins Of NY NY 1,757 3,942,488 8,373, ,028, Allianz Life Ins Co Of NY NY 1,050 3,309,270 1,353, , Medico Ins Co NE 1,691 3,132,558 3,385, ,025, Cummulative

21 Group Name National Association of Insurance Commissioners 2014 LONG-TERM CARE INSURANCE EXPERIENCE REPORTING FORM 1 MARKET SHARE - TOP ONE HUNDRED COMPANIES By Actual State of Domicil of Lives Direct Valuation Expected Actual to Expected Percentage BCBS Of NE NE 2,390 3,100,979 4,397, ,074, Independence Hospital Ind Plan Inc PA 1,934 3,025,280 3,644, ,759, Highmark Inc PA 1,882 2,985,159 1,549, ,675, American Independent Ntwrk Ins Co NY NY 1,273 2,923,577 3,839, ,696, Health Care Serv Corp A Mut Legal Re IL 1,537 2,843,446 4,056, ,399, Assurity Life Ins Co NE 1,099 2,829,016 69, , Hartford Life Ins Co CT 1,995 2,693,577 6,740, ,491, Cincinnati Life Ins Co OH 1,269 2,679,651 3,124, , Senior Amer Ins Co PA 1,173 2,667,669 1,844, ,184, Woodmen World Life Ins Soc NE 1,881 2,614,578 2,092, ,714, Great Amer Life Ins Co OH 1,560 2,600,503 1,088, ,621, Minnesota Life Ins Co MN 1,071 2,536, , , Allstate Life Ins Co IL 2,359 2,242,195 10,535, ,710, Standard Life & Accident Ins Co TX 1,460 2,078,933 2,308, ,074, Sentry Ins A Mut Co WI 1,493 1,739,332 3,439, ,489, Central States H & L Co Of Omaha NE 1,250 1,647,650 8,059, ,881, Cummulative 15

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25 Reporting 2 Nationwide Level Reporting The purpose of 2 is to calculate a ratio of an experience reserve to the reported reserve by calendar year on a nationwide basis. Summary data by policy form is reported. Data for the current reporting year as well as that reported in each of the prior two reporting years is shown in 2. and valuation data are reported by base policy form. Rider forms will be reported with the base forms to which they are attached. Only summary data by reporting year is illustrated. The Long-Term Care Reporting s should be filed whenever long-term care insurance has been sold, regardless of which annual statement has been filed. The four annual statement types are: Life, Accident and Health; Property/Casualty; Fraternal; and Health. For the 2014 reporting year, a total of 179 companies filed 2: 133 Life, Accident and Health 13 Property/Casualty 5 Fraternal 28 Health (Narrative taken from Explanatory Notes for the Long-Term Care Reporting s supplemental instructions for the Annual Statement Reporting s. Refer to the appropriate Annual Statement Instructions for complete instructions and narrative. counts are derived from Annual Statement Reports filed with the NAIC for the 2014 reporting year.) 19

26 SUPPLEMENT FOR THE YEAR OF THE... Affix Bar Above LONG-TERM CARE EXPERIENCE REPORTING FORM 2 EXPERIENCE RESERVE VS. REPORTED RESERVE BY CALENDAR YEAR REPORTING YEAR 20 (To Be Filed By April 1) NAIC Group NAIC Annual Net/ In Force In Force Annual Current Count New Issues Count First Year Last Year Gross Year Net Beginning Current End of Issue Issue of Year Year Year Reporting Year A. Individual Prior nd Prior / Prior nd Prior Prior nd Prior B. Group Prior nd Prior Prior nd Prior Prior nd Prior C. SUMMARY 1. Total Current-Individual Total Prior-Individual Total 2nd Prior-Individual Total Current-Group Total Prior-Group Total 2nd Prior-Group Current Year Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx National Association of Insurance Commissioners Supp19 Health 20

27 Name: Ability Ins Co State of Domicile: NE ,606,905 84,406, , ,498, ,610, ,294,175 10,033, , ,739,962 50,745, ,950,167 7,494, , ,150,810 10,378, ,625 1,402, ,662 2,734, ,047 50, , , ,513 37, ,234,041 1,123, ,325, ,424,459 XXX 36,000 XXX 182,515, ,119,426 XXX 75,325, ,424, , ,515, ,119, Name: Aetna Life Ins Co State of Domicile: CT B01 C04 4. Total current - Group GR-70-W 44,340,726 52,189, , ,992, ,153, ,340,726 52,189,820 XXX 50,628 XXX 604,992, ,153,690 XXX 44,340,726 52,189, , ,992, ,153,

28 Name: AF&L Ins Co State of Domicile: PA LTC 23,437,651 32,733, , ,414,801 83,584, ,437,651 32,733,933 XXX 9,617 XXX 82,414,801 83,584,648 XXX 23,437,651 32,733, , ,414,801 83,584, Name: Allianz Life Ins Co Of N Amer State of Domicile: MN 10-P-Q 69,546,858 15,999, , ,747, ,363, N-3000-P(Q), N-3000-P(NQ) 50,659,510 42,632, , ,052,208,063 1,290,334, P-Q 34,915,724 1,858, , ,440, ,816, N ,203,250 27,496, , ,024, ,085, P-Q 8,036,005 2,427, , ,708,707 70,948, P-Q 3,425,525 4,161, , ,081,809 21,439, N ,716,978 11,117, , ,704,207 92,982, N-4040-P(Q), N-4040-P(NQ) 1,112,180-1,121, ,092,611 13,640, P-A 461, , ,372,871 3,302, P-Q 370, , ,599,542 2,510, C-P-N-A, 1C-P-Q-A, 1F-P- 290,477 1,014, ,670,207 1,151,

29 N , , ,271,194 3,055, B01 C04 GSC ,976-29, ,443, , GSC , , ,157, , ALTC-2000C 20,853-18, ,000,237 94, MOD AS-2986, MOD AS-7987, 2, ,401 78, Total current - Group GSC ,791-99, ,851 18, ,859, ,903,828 XXX 100,564 XXX 2,171,581,082 2,702,632,561 XXX 124, ,822 XXX 314 XXX 1,722,694 1,634,465 XXX 186,983, ,640, , ,173,303,776 2,704,267, Name: Allianz Life Ins Co Of NY State of Domicile: NY B01 C04 10-P-Q-NY 3,306,618 1,576, , ,439,999 17,625, MOD AS-2986, MOD AS-7987, 2, ,790 40, Total current - Group 3,306,618 1,576,429 XXX 1,046 XXX 14,439,999 17,625,519 XXX 23

30 2,652-9 XXX 4 XXX 154,790 40,203 XXX 3,309,270 1,576, , ,594,789 17,665, Name: Allstate Life Ins Co State of Domicile: IL B01 C04 4. Total current - Group LGU , , ,014 1,660, LGU95XX 1,194,772 2,845, ,194,830 15,475, LGU973XA 1,004,847 6,708, ,262,065 47,531, , ,679 XXX 34 XXX -371,014 1,660,859 XXX 2,199,619 9,554,473 XXX 1,640 XXX 16,456,895 63,007,533 XXX 2,242,195 10,449, , ,085,881 64,668, Name: American Family Ins Co State of Domicile: OH H-350,H , , ,583 2,281,

31 124, ,479 XXX 73 XXX 832,583 2,281,229 XXX 124, , ,583 2,281, Name: American Family Life Assur Co of Col State of Domicile: NE A ,151, , , ,819, ,547, A ,584,062 7,066, , ,124,068 85,837, A ,246,165 11,711, , ,264,531 74,136, A ,319,949 2,684, , ,363,486 33,704, A ,373,852 4,418, , ,661,738 28,806, A ,004 2,861, , ,822,380 12,520, A , , ,471,195 5,405, A , , ,096,602 3,152, N ,225 66, ,730 7, ,960,222 31,252,922 XXX 27,616 XXX 342,558, ,117,714 XXX 27,960,222 31,252, , ,558, ,117, Name: American Family Life Assur Co of NY State of Domicile: NY 25

32 NY ,868 87, ,147,303 1,720, NY-21000,NY , , ,455, , NY ,842 1, ,832 32, NY ,074 27, , , ,245 XXX 164 XXX 3,759,104 2,704,345 XXX 226, , ,759,104 2,704, Name: American Family Mut Ins Co State of Domicile: WI H-350,H-550 4,647,140 3,564, , ,179,781 84,286, ,647,140 3,564,106 XXX 3,040 XXX 75,179,781 84,286,774 XXX 4,647,140 3,564, , ,179,781 84,286, Name: American Fidelity Assur Co State of Domicile: OK QLTC-02 9,964,391 1,277, , ,127,557 34,537,

33 B01 C04 WBNCC - 9/97 5,188,281 5,470, , ,745,623 46,559, PSI NLTC, PSIQLTC,PSINCC, 3,815,763 4,263, , ,516,566 27,478, CC1/97&NCC1/97 1,263,367 2,667, ,991,922 6,181, LTC-1/97 83,713-40, , , HHC-1/97 11,320 1, ,522 45, AFANLTC, AFAQLTC, AFANCC, 5,427-2, ,381 47, Total current - Group QGHHC 8/98 1,869,110 1,020, , ,915,720 17,297, ,332,261 13,638,912 XXX 13,666 XXX 93,537, ,172,170 XXX 1,869,110 1,020,470 XXX 2,462 XXX 15,915,720 17,297,694 XXX 22,201,371 14,659, , ,453, ,469, Name: American Gen Life Ins Co State of Domicile: TX B , C12271, C12271, et 19,452,068 20,605, , ,848, ,612, ,50032,et al 425, , ,405,514 3,852, , C , ,

34 C04 4. Total current - Group 19,879,262 20,093,780 XXX 7,224 XXX 32,253, ,465,121 XXX 20, ,919 XXX 27 XXX 0 0 XXX 19,899,583 20,285, , ,253, ,465, Name: American Heritage Life Ins Co State of Domicile: FL BSC-LTC 1/95 4,302,552 6,536, , ,767,163 17,573, PRM-LTC 1/95 3,157,756 4,941, , ,116,540 28,516, QLTC 3/97 AND QHHC 3/97 552,096 1,177, ,527,331 42,016, BSC-HHC 2/96 420,420 2,354, ,380,793 1,226, PRM-HHC 2/96 360,928 1,185, ,331,028 1,163, ,793,752 16,195,513 XXX 4,027 XXX 30,164,887 90,496,169 XXX 8,793,752 16,195, , ,164,887 90,496, Name: American Hlth & Life Ins Co State of Domicile: TX 28

35 B01 C04 4. Total current - Group 10957A 4, , , , A 3,047 3, ,916 88, A -1 2, , A 29, , , , A ,270 1, , ,015 XXX 10 XXX -587, ,564 XXX 30, ,118 XXX 22 XXX -256, ,910 XXX 37,363 1,031, , , Name: American Independent Ntwrk Ins Co NY State of Domicile: NY ,403,407 2,050, ,318,132 7,602, IL5 997,264 1,517, ,038,564 4,612, PF3 255, , , , ALP 237, , ,037, , SR400 29, ,686 36, ,923,577 3,982,704 XXX 1,273 XXX 9,141,053 13,977,323 XXX 29

36 2,923,577 3,982, , ,141,053 13,977, Name: American Pioneer Life Ins Co State of Domicile: FL HHC-801, HHC-802,QHHC-802 2,120,203 6,816, ,996,190 3,014, COMPLTC, COMPLTCQ 1,520,756 2,540, ,431,288 9,354, NHO-700, APNHO, APNHOQ 1,470, , ,725,400 11,612, HHCP94,LTCP-96,HCCP , , ,519, , HHC , , ,618 26, ,255,796 9,639,648 XXX 2,267 XXX -55,727,989 24,677,453 XXX 5,255,796 9,639, , ,727,989 24,677, Name: American Progressive L&H Ins Of NY State of Domicile: NY HHC-800, QI-HHC, HHC 1/98 2,293,447 10,011, , ,770,282 9,978, NHO-700,NHHH-700, QI-NHHH 942, , ,352 9,868, APRLTNQ, APRLTCQ 645, , ,111 6,581, NH86 8,170 12, ,806 58,

37 B01 C04 CERT-HHC, QC-HHC 42, , , , CERT-NHO,NHHO,QC_NHHH 10,116 90, , , Total current - Group 3,889,898 10,578,451 XXX 1,717 XXX -30,596,013 26,485,697 XXX 52, ,109 XXX 40 XXX -976, ,133 XXX 3,942,488 10,350, , ,572,377 26,904, Name: American Republic Ins Co State of Domicile: IA ARIC 3,449,894 5,471, , ,905,299 43,305, / ,246,881 7,415, , ,453 21,959, / ,064 3,236, ,115,497 9,285, / , , ,098 3,188, A , , ,524,084 6,513, A , , ,123,516 1,207, N020,N050,7A1,72U 8, ,561 52, , ,279 89, A ,203 58, , , ,1088,1102 3, ,211 35,