ANNUAL STATEMENT OF THE

ANNUAL STATEMENT OF THE Life Insurance Company of the Southwest Of Addison in the state of TX to the Insurance Department of the state of For the Year Ended December 31, 2016 2016 LIFE AND ACCIDENT AND HEALTH

ASSETS Current Year Prior Year 1 2 3 4 Net Admitted Nonadmitted Assets Net Assets Assets (Cols. 1-2) Admitted Assets 1. Bonds (Schedule D)......12,077,811,798...0...12,077,811,798...11,280,520,418 2. Stocks (Schedule D): 2.1 Preferred stocks......11,700,000...0...11,700,000...10,000,000 2.2 Common stocks......82,690,473...0...82,690,473...56,933,129 3. Mortgage loans on real estate (Schedule B): 3.1 First liens......2,651,586,499...0...2,651,586,499...2,135,942,647 3.2 Other than first liens......0...0...0...0 4. Real estate (Schedule A): 4.1 Properties occupied by the company (less $...0 encumbrances)......0...0...0...0 4.2 Properties held for the production of income (less $...0 encumbrances)......6,044,327...0...6,044,327...2,939,652 4.3 Properties held for sale (less $...0 encumbrances)......0...0...0...0 5. Cash ($...21,387,097, Schedule E-Part 1), cash equivalents ($...17,999,151, Schedule E-Part 2) and short-term investments ($...86,500,000, Schedule DA)......125,886,248...0...125,886,248...76,347,536 6. Contract loans (including $...0 premium notes)......308,893,685...0...308,893,685...286,316,160 7. Derivatives (Schedule DB)......769,360,113...0...769,360,113...283,103,402 8. Other invested assets (Schedule BA)......537,367,141...0...537,367,141...295,904,084 9. Receivables for securities......0...0...0...261,674 10. Securities lending reinvested collateral assets (Schedule DL)......0...0...0...0 11. Aggregate write-ins for invested assets......648,783...0...648,783...453,175 12. Subtotals, cash and invested assets (Lines 1 to 11)......16,571,989,067...0...16,571,989,067...14,428,721,876 13. Title plants less $...0 charged off (for Title insurers only)......0...0...0...0 14. Investment income due and accrued......133,183,755...0...133,183,755...124,174,603 15. Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection......1,291,696...0...1,291,696...863,494 15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $...0 earned but unbilled premiums)......14,761,538...0...14,761,538...12,510,453 15.3 Accrued retrospective premiums ($...0) and contracts subject to redetermination ($...0)......0...0...0...0 16. Reinsurance: 16.1 Amounts recoverable from reinsurers......922,630...0...922,630...444,328 16.2 Funds held by or deposited with reinsured companies......1,170...0...1,170...1,272 16.3 Other amounts receivable under reinsurance contracts......0...0...0...0 17. Amounts receivable relating to uninsured plans......0...0...0...0 18.1 Current federal and foreign income tax recoverable and interest thereon......0...0...0...0 18.2 Net deferred tax asset......71,822,434...2,870,418...68,952,016...63,516,376 19. Guaranty funds receivable or on deposit......714,430...0...714,430...1,012,305 20. Electronic data processing equipment and software......504,150...494,896...9,254...13,083 21. Furniture and equipment, including health care delivery assets ($...0)......418,209...418,209...0...0 22. Net adjustment in assets and liabilities due to foreign exchange rates......0...0...0...0 23. Receivables from parent, subsidiaries and affiliates......0...0...0...18,861,585 24. Health care ($...0) and other amounts receivable......37,564,453...37,564,453...0...0 25. Aggregate write-ins for other-than-invested assets......14,714,024...1,095,738...13,618,286...30,872,537 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25)......16,847,887,554...42,443,713...16,805,443,841...14,680,991,911 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts......0...0...0...0 28. TOTAL (Lines 26 and 27)......16,847,887,554...42,443,713...16,805,443,841...14,680,991,911 DETAILS OF WRITE-INS 1101. Other Real Estate Deposits......648,783...0...648,783...453,175 1102.......0...0...0...0 1103.......0...0...0...0 1198. Summary of remaining write-ins for Line 11 from overflow page......0...0...0...0 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)......648,783...0...648,783...453,175 2501. Corporate Owned Life Insurance......12,668,898...0...12,668,898...12,396,495 2502. Items not allocated......950,961...294,212...656,749...460,000 2503. Other Assets......292,639...0...292,639...16,041 2598. Summary of remaining write-ins for Line 25 from overflow page......801,526...801,526...0...18,000,000 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)......14,714,024...1,095,738...13,618,286...30,872,537 2

LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current Year Prior Year 1. Aggregate reserve for life contracts $...13,140,489,141 (Exhibit 5, Line 9999999) less $...0 included in Line 6.3 (including $...0 Modco Reserve)......13,140,489,140...12,656,967,920 2. Aggregate reserve for accident and health contracts (including $...0 Modco Reserve)......526,491...561,272 3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $...0 Modco Reserve)......1,263,832,394...668,701,717 4. Contract claims: 4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11)......15,149,582...12,225,472 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11)......10,000...10,000 5. Policyholders' dividends $...0 and coupons $...0 due and unpaid (Exhibit 4, Line 10)......0...0 6. Provision for policyholders' dividends and coupons payable in following calendar year - estimated amounts: 6.1 Dividends apportioned for payment (including $...0 Modco)......98,906...85,010 6.2 Dividends not yet apportioned (including $...0 Modco)......0...0 6.3 Coupons and similar benefits (including $...0 Modco)......0...0 7. Amount provisionally held for deferred dividend policies not included in Line 6......0...0 8. Premiums and annuity considerations for life and accident and health contracts received in advance less $...0 discount; including $...1,088 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)......198,242...182,806 9. Contract liabilities not included elsewhere: 9.1 Surrender values on canceled contracts......535,198...304,876 9.2 Provision for experience rating refunds, including the liability of $...0 accident and health experience rating refunds of which $...0 is for medical loss ratio rebate per the Public Health Service Act......0...0 9.3 Other amounts payable on reinsurance, including $...0 assumed and $...0 ceded......0...0 9.4 t Maintenance Reserve (IMR, Line 6)......59,604,296...61,997,993 10. Commissions to agents due or accrued - life and annuity contracts $...7,086,379, accident and health $...0 and deposit-type contract funds $...0......7,086,379...6,320,942 11. Commissions and expense allowances payable on reinsurance assumed......(946)...(3,676) 12. General expenses due or accrued (Exhibit 2, Line 12, Col. 6)......6,585,709...7,190,499 13. Transfers to Separate Accounts due or accrued (net) (including $...0 accrued for expense allowances recognized in reserves, net of reinsured allowances)......0...0 14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5)......4,046,718...1,565,565 15.1 Current federal and foreign income taxes, including $...0 on realized capital gains (losses)......42,324,778...33,867,217 15.2 Net deferred tax liability......0...0 16. Unearned investment income......2,330,636...2,124,440 17. Amounts withheld or retained by company as agent or trustee......1,059,051...1,026,760 18. Amounts held for agents' account, including $...0 agents' credit balances......2,215,200...2,015,845 19. Remittances and items not allocated......14,504,518...28,256,476 20. Net adjustment in assets and liabilities due to foreign exchange rates......0...0 21. Liability for benefits for employees and agents if not included above......0...0 22. Borrowed money $...0 and interest thereon $...0......0...0 23. Dividends to stockholders declared and unpaid......0...0 24. Miscellaneous liabilities: 24.01 Asset valuation reserve (AVR Line 16, Col. 7)......116,449,489...103,003,727 24.02 Reinsurance in unauthorized and certified ($...0) companies......0...0 24.03 Funds held under reinsurance treaties with unauthorized and certified ($...0) reinsurers......0...0 24.04 Payable to parent, subsidiaries and affiliates......38,231,352...8,389,599 24.05 Drafts outstanding......0...0 24.06 Liability for amounts held under uninsured plans......0...0 24.07 Funds held under coinsurance......478,229,475...0 24.08 Derivatives......473,096,121...135,721,452 24.09 Payable for securities......2,531,015...588,363 24.10 Payable for securities lending......0...0 24.11 Capital notes $...0 and interest thereon $...0......0...0 25. Aggregate write-ins for liabilities......68,428,635...108,998,606 26. Total liabilities excluding Separate Accounts business (Lines 1 to 25)......15,737,562,378...13,840,102,882 27. From Separate Accounts Statement......0...0 28. Total liabilities (Line 26 and 27)......15,737,562,378...13,840,102,882 29. Common capital stock......3,000,000...3,000,000 30. Preferred capital stock......0...0 31. Aggregate write-ins for other-than-special surplus funds......0...0 32. Surplus notes......30,000,000...30,000,000 33. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)......183,972,114...183,972,114 34. Aggregate write-ins for special surplus funds......0...0 35. Unassigned funds (surplus)......850,909,349...623,916,916 36. Less treasury stock, at cost: 36.1...0.000 shares common (value included in Line 29 $...0)......0...0 36.2...0.000 shares preferred (value included in Line 30 $...0)......0...0 37. Surplus (Total Lines 31 + 32 + 33 + 34 + 35-36) (including $...0 in Separate Accounts Statement)......1,064,881,462...837,889,029 38. Totals of Lines 29, 30 and 37 (Page 4, Line 55)......1,067,881,462...840,889,029 39. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)......16,805,443,840...14,680,991,911 DETAILS OF WRITE-INS 2501. LIHTC Commitments......62,022,072...101,646,775 2502. Uncashed checks pending escheatment......5,539,398...6,018,757 2503. Guaranty fund......867,165...1,197,518 2598. Summary of remaining write-ins for Line 25 from overflow page......0...135,556 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)......68,428,635...108,998,606 3101.......0...0 3102.......0...0 3103.......0...0 3198. Summary of remaining write-ins for Line 31 from overflow page......0...0 3199. Totals (Lines 3101 through 3103 plus 3198) (Line 31 above)......0...0 3401.......0...0 3402.......0...0 3403.......0...0 3498. Summary of remaining write-ins for Line 34 from overflow page......0...0 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)......0...0 3

SUMMARY OF OPERATIONS 1 2 Current Year Prior Year 1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1, less Col. 11)...1,261,379,763...1,583,647,610 2. Considerations for supplementary contracts with life contingencies......138,206...69,066 3. Net investment income (Exhibit of Net Investment Income, Line 17)......780,376,779...557,401,488 4. Amortization of t Maintenance Reserve (IMR) (Line 5)......6,882,214...6,099,941 5. Separate Accounts net gain from operations excluding unrealized gains or losses......0...0 6. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)......46,411,960...2,827,908 7. Reserve adjustments on reinsurance ceded......0...0 8. Miscellaneous Income: 8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts...0...0 8.2 Charges and fees for deposit-type contracts......0...0 8.3 Aggregate write-ins for miscellaneous income......795,562...728,732 9. Totals (Lines 1 to 8.3)......2,095,984,483...2,150,774,745 10. Death benefits......62,168,081...60,197,208 11. Matured endowments (excluding guaranteed annual pure endowments)......558,626...1,021,449 12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8)......81,499,235...85,352,876 13. Disability benefits and benefits under accident and health contracts......1,233,658...1,091,552 14. Coupons, guaranteed annual pure endowments and similar benefits......0...0 15. Surrender benefits and withdrawals for life contracts......748,876,093...682,823,378 16. Group conversions......0...0 17. t and adjustments on contract or deposit-type contract funds......25,340,858...20,741,743 18. Payments on supplementary contracts with life contingencies......184,054...175,918 19. Increase in aggregate reserves for life and accident and health contracts......483,490,436...839,830,853 20. Totals (Lines 10 to 19)......1,403,351,043...1,691,234,977 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1)......291,926,054...263,111,719 22. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)......0...0 23. General insurance expenses (Exhibit 2, Line 10, Columns 1, 2, 3 and 4)......88,845,235...88,669,488 24. Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3)......18,055,571...14,446,009 25. Increase in loading on deferred and uncollected premiums......(212,877)...(393,897) 26. Net transfers to or (from) Separate Accounts net of reinsurance......0...0 27. Aggregate write-ins for deductions......10,426,742...334,738 28. Totals (Lines 20 to 27)......1,812,391,768...2,057,403,035 29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)......283,592,715...93,371,709 30. Dividends to policyholders......91,156...89,432 31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)......283,501,559...93,282,278 32. Federal and foreign income taxes incurred (excluding tax on capital gains)......98,873,742...26,655,548 33. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)......184,627,817...66,626,730 34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $...(2,726,987) (excluding taxes of $...2,416,894 transferred to the IMR)......(15,890,971)...(30,680,197) 35. Net income (Line 33 plus Line 34)......168,736,846...35,946,533 CAPITAL AND SURPLUS ACCOUNT 36. Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)......840,889,029...778,978,997 37. Net income (Line 35)......168,736,846...35,946,533 38. Change in net unrealized capital gains (losses) less capital gains tax of $...0......6,911,511...10,161,043 39. Change in net unrealized foreign exchange capital gain (loss)......(238,604)...0 40. Change in net deferred income tax......(388,016)...19,918,032 41. Change in nonadmitted assets......416,459...(8,071,788) 42. Change in liability for reinsurance in unauthorized and certified companies......0...0 43. Change in reserve on account of change in valuation basis, (increase) or decrease......0...0 44. Change in asset valuation reserve......(13,445,762)...(14,043,786) 45. Change in treasury stock, (Page 3, Lines 36.1 and 36.2 Col. 2 minus Col. 1)......0...0 46. Surplus (contributed to) withdrawn from Separate Accounts during period......0...0 47. Other changes in surplus in Separate Accounts Statement......0...0 48. Change in surplus notes......0...0 49. Cumulative effect of changes in accounting principles......0...0 50. Capital changes: 50.1 Paid in......0...0 50.2 Transferred from surplus (Stock Dividend)......0...0 50.3 Transferred to surplus......0...0 51. Surplus adjustment: 51.1 Paid in......0...18,000,000 51.2 Transferred to capital (Stock Dividend)......0...0 51.3 Transferred from capital......0...0 51.4 Change in surplus as a result of reinsurance......0...0 52. Dividends to stockholders......0...0 53. Aggregate write-ins for gains and losses in surplus......65,000,000...0 54. Net change in capital and surplus for the year (Lines 37 through 53)......226,992,433...61,910,032 55. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)......1,067,881,462...840,889,029 DETAILS OF WRITE-INS 08.301. Miscellaneous Income......523,160...265,050 08.302. Change in COLI......272,402...463,682 08.303.......0...0 08.398. Summary of remaining write-ins for Line 8.3 from overflow page......0...0 08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)......795,562...728,732 2701. Funds Withheld Expense......10,356,137...0 2702. Changes in agents deferred comp......70,605...320,476 2703. Fines and penalties......0...14,262 2798. Summary of remaining write-ins for Line 27 from overflow page......0...0 2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)......10,426,742...334,738 5301. Ceding Commission......65,000,000...0 5302.......0...0 5303.......0...0 5398. Summary of remaining write-ins for Line 53 from overflow page......0...0 5399. Totals (Lines 5301 through 5303 plus 5398) (Line 53 above)......65,000,000...0 4

CASH FROM OPERATIONS CASH FLOW 1 2 Current Year Prior Year 1. Premiums collected net of reinsurance......1,845,962,930...1,581,989,304 2. Net investment income......625,847,246...709,882,715 3. Miscellaneous income......3,439,907...3,556,640 4. Total (Lines 1 through 3)......2,475,250,084...2,295,428,659 5. Benefit and loss related payments......926,902,179...850,466,801 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts......0...0 7. Commissions, expenses paid and aggregate write-ins for deductions......436,525,032...337,355,911 8. Dividends paid to policyholders......77,260...55,460 9. Federal and foreign income taxes paid (recovered) net of $...2,726,987 tax on capital gains (losses)......90,106,089...20,559,459 10. Total (Lines 5 through 9)......1,453,610,560...1,208,437,631 11. Net cash from operations (Line 4 minus Line 10)......1,021,639,524...1,086,991,027 CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds......1,836,401,001...1,279,592,153 12.2 Stocks......7,660,249...0 12.3 Mortgage loans......191,703,200...181,873,646 12.4 Real estate......9,481,590...3,360,930 12.5 Other invested assets......10,901,845...17,764,564 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments......0...0 12.7 Miscellaneous proceeds......2,204,326...1,036,229 12.8 Total investment proceeds (Lines 12.1 to 12.7)......2,058,352,211...1,483,627,522 13. Cost of investments acquired (long-term only): 13.1 Bonds......2,639,385,372...2,363,893,728 13.2 Stocks......34,585,158...49,834,721 13.3 Mortgage loans......719,307,500...509,799,478 13.4 Real estate......0...0 13.5 Other invested assets......255,813,519...124,639,547 13.6 Miscellaneous applications......21,888,972...57,625,063 13.7 Total investments acquired (Lines 13.1 to 13.6)......3,670,980,521...3,105,792,537 14. Net increase (decrease) in contract loans and premium notes......22,577,525...28,243,302 15. Net cash from investments (Line 12.8 minus Lines 13.7 minus Line 14)......(1,635,205,835)...(1,650,408,317) 16. Cash provided (applied): CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16.1 Surplus notes, capital notes......0...0 16.2 Capital and paid in surplus, less treasury stock......0...0 16.3 Borrowed funds......0...0 16.4 Net deposits on deposit-type contracts and other insurance liabilities......595,130,678...542,989,626 16.5 Dividends to stockholders......0...0 16.6 Other cash provided (applied)......67,974,345...26,224,208 17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)......663,105,023...569,213,834 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)......49,538,712...5,796,544 19. Cash, cash equivalents and short-term investments: 19.1 Beginning of year......76,347,536...70,550,992 19.2 End of year (Line 18 plus Line 19.1)......125,886,249...76,347,536 Note: Supplemental disclosures of cash flow information for non-cash transactions: 20.0001 Ceding commission from affiliate, Longhorn Reinsurance Company......100,000,000...0 20.0002 Coinsurance premiums - reinsurance agreement with affiliate, Longhorn Reinsurance Company......(100,000,000)...0 5

6 ANALYSIS OF OPERATIONS BY LINES OF BUSINESS 1 2 Ordinary 6 Group Accident and Health 12 3 4 5 Credit Life 7 8 9 10 11 Aggregate of Industrial Life Individual Supplementary (Group and Life Credit (Group All Other Lines Total Life Insurance Annuities Contracts Individual) Insurance(a) Annuities Group and Individual) Other of Business 1. Premiums and annuity considerations for life and accident and health contracts......1,261,379,764...0...78,724,943...1,124,143,559...0...0...16,212...58,432,938...0...0...62,112...0 2. Considerations for supplementary contracts with life contingencies......138,206...0...0...0...138,206...0...0...0...0...0...0...0 3. Net investment income......780,376,779...0...105,618,713...591,327,826...67,299...0...301,308...83,061,633...0...0...0...0 4. Amortization of t Maintenance Reserve (IMR)......6,882,214...0...931,461...5,214,974...594...0...2,657...732,528...0...0...0...0 5. Separate Accounts net gain from operations excluding unrealized gains or losses......0...0...0...0...0...0...0...0...0...0...0...0 6. Commissions and expense allowances on reinsurance ceded......46,411,960...0...46,411,960...0...0...0...0...0...0...0...0...0 7. Reserve adjustments on reinsurance ceded......0...0...0...0...0...0...0...0...0...0...0...0 8. Miscellaneous Income: 8.1 Fees associated with income from investment management, administration and contract guarantees from S/A......0...0...0...0...0...0...0...0...0...0...0...0 8.2 Charges and fees for deposit-type contracts......0...0...0...0...0...0...0...0...0...0...0...0 8.3 Aggregate write-ins for miscellaneous income......795,562...0...272,402...523,160...0...0...0...0...0...0...0...0 9. Totals (Lines 1 to 8.3)......2,095,984,485...0...231,959,479...1,721,209,519...206,099...0...320,177...142,227,099...0...0...62,112...0 10. Death benefits......62,168,082...0...61,757,184...0...0...0...410,898...0...0...0...0...0 11. Matured endowments (excluding guaranteed annual pure endowments)......558,626...0...558,626...0...0...0...0...0...0...0...0...0 12. Annuity benefits......81,499,235...0...0...76,482,318...0...0...0...5,016,917...0...0...0...0 13. Disability benefits and benefits under accident and health contracts......1,233,658...0...1,195,656...0...0...0...1,294...0...0...0...36,708...0 14. Coupons, guaranteed annual pure endowments and similar benefits......0...0...0...0...0...0...0...0...0...0...0...0 15. Surrender benefits and withdrawals for life contracts......748,876,093...0...64,145,712...589,500,995...0...0...3,466...95,225,920...0...0...0...0 16. Group conversions......0...0...0...0...0...0...0...0...0...0...0...0 17. t and adjustments on contract or deposit-type contract funds......25,340,858...0...866,625...20,415,166...(383)...0...842...4,058,608...0...0...0...0 18. Payments on supplementary contracts with life contingencies......184,054...0...0...0...184,054...0...0...0...0...0...0...0 19. Increase in aggregate reserves for life and accident and health contracts......483,490,436...0...(244,679,635)...733,995,825...28,511...0...(367,062)...(5,452,414)...0...0...(34,789)...0 20. Totals (Lines 10 to 19)......1,403,351,042...0...(116,155,832)...1,420,394,304...212,182...0...49,438...98,849,031...0...0...1,919...0 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)......291,926,054...0...195,069,662...93,079,522...0...0...0...3,776,790...0...0...80...0 22. Commissions and expense allowances on reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0...0 23. General insurance expenses......88,845,235...0...33,074,683...52,512,370...2,628...0...11,767...3,243,787...0...0...0...0 24. Insurance taxes, licenses and fees, excluding federal income taxes......18,055,571...0...1,093,858...16,122,158...0...0...232...837,983...0...0...1,340...0 25. Increase in loading on deferred and uncollected premiums......(212,877)...0...(212,476)...0...0...0...(401)...0...0...0...0...0 26. Net transfers to or (from) Separate Accounts net of reinsurance......0...0...0...0...0...0...0...0...0...0...0...0 27. Aggregate write-ins for deductions......10,426,742...0...10,356,137...70,605...0...0...0...0...0...0...0...0 28. Totals (Lines 20 to 27)......1,812,391,767...0...123,226,032...1,582,178,959...214,810...0...61,036...106,707,591...0...0...3,339...0 29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)......283,592,718...0...108,733,447...139,030,560...(8,711)...0...259,141...35,519,508...0...0...58,773...0 30. Dividends to policyholders......91,156...0...91,156...0...0...0...0...0...0...0...0...0 31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)......283,501,562...0...108,642,291...139,030,560...(8,711)...0...259,141...35,519,508...0...0...58,773...0 32. Federal income taxes incurred (excluding tax on capital gains)......98,873,742...0...37,889,985...48,488,168...(3,038)...0...90,378...12,387,751...0...0...20,498...0 33. Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)......184,627,820...0...70,752,306...90,542,392...(5,673)...0...168,763...23,131,757...0...0...38,275...0 DETAILS OF WRITE-INS 08.301. Change in COLI......272,402...0...272,402...0...0...0...0...0...0...0...0...0 08.302. Miscellaneous Income......523,160...0...0...523,160...0...0...0...0...0...0...0...0 08.303.......0...0...0...0...0...0...0...0...0...0...0...0 08.398. Summary of remaining write-ins for Line 8.3 from overflow page......0...0...0...0...0...0...0...0...0...0...0...0 08.399. Total (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)......795,562...0...272,402...523,160...0...0...0...0...0...0...0...0 2701. Funds Withheld Expense......10,356,137...0...10,356,137...0...0...0...0...0...0...0...0...0 2702. Changes in Agents Deferred Compensation......70,605...0...0...70,605...0...0...0...0...0...0...0...0 2703.......0...0...0...0...0...0...0...0...0...0...0...0 2798. Summary of remaining write-ins for Line 27 from overflow page......0...0...0...0...0...0...0...0...0...0...0...0 2799. Total (Lines 2701 through 2703 plus 2798) (Line 27 above)......10,426,742...0...10,356,137...70,605...0...0...0...0...0...0...0...0 (a) Includes the following amounts for FEGLI/SGLI: Line 1...0 Line 10...0 Line 16...0 Line 23...0 Line 24...0.

Involving Life or Disability Contingencies (Reserves) (Net of Reinsurance Ceded) ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR 1 2 Ordinary 6 Group 3 4 5 Credit Life 7 8 Industrial Supplementary (Group and Total Life Life Insurance Individual Annuities Contracts Individual) Life Insurance Annuities 1. Reserve December 31, prior year......12,656,967,920...0...1,580,102,840...9,654,209,454...1,898,814...0...8,988,027...1,411,768,786 2. Tabular net premiums or considerations......1,612,001,846...0...447,068,358...1,117,635,778...138,206...0...16,649...47,142,855 3. Present value of disability claims incurred......0...0 -......0...XXX......0...0...0 4. Tabular interest......296,661,889...0...47,093,782...209,011,845...91,315...0...306,930...40,158,017 5. Tabular less actual reserve released......124,714,963...0...4,524,336...117,471,821...(25,897)...0...1,294...2,743,409 6. Increase in reserve on account of change in valuation basis......0...0 -......0...0...0...0...0 7. Other increases (net)......(507,959,094)...0...(500,068,624)...(6,768,956)...0...0...0...(1,121,514) 8. Totals (Lines 1 to 7)......14,182,387,524...0...1,578,720,692...11,091,559,942...2,102,438...0...9,312,900...1,500,691,553 9. Tabular cost......145,828,886...0...145,790,078...0...xxx......0...38,808...0 7 10. Reserves released by death......13,247,137...0...13,011,418...xxx......xxx......0...235,719...xxx... 11. Reserves released by other terminations (net)......83,667,222...0...83,251,106...0...0...0...416,116...0 12. Annuity, supplementary contract, and disability payments involving life contingencies......799,155,139...0...1,244,883...703,358,668...175,113...0...1,294...94,375,181 13. Net transfers to or (from) Separate Accounts......0...0 -......0...0...0...0...0 14. Total deductions (Lines 9 to 13)......1,041,898,384...0...243,297,485...703,358,668...175,113...0...691,937...94,375,181 15. Reserve December 31, current year......13,140,489,140...0...1,335,423,207...10,388,201,274...1,927,325...0...8,620,963...1,406,316,372

EXHIBIT OF NET INVESTMENT INCOME 1 2 Collected Earned During Year During Year 1. U.S. government bonds... (a)...17,346,710...17,194,731 1.1 Bonds exempt from U.S. tax... (a)...0...0 1.2 Other bonds (unaffiliated)... (a)...540,287,173...547,619,298 1.3 Bonds of affiliates... (a)...0...0 2.1 Preferred stocks (unaffiliated)... (b)...343,498...343,498 2.11 Preferred stocks of affiliates... (b)...0...0 2.2 Common stocks (unaffiliated)......1,041,203...1,041,204 2.21 Common stocks of affiliates......0...0 3. Mortgage loans... (c)...108,127,441...108,127,441 4. Real estate... (d)...1,122,675...1,122,675 5. Contract loans......12,911,494...12,963,507 6. Cash, cash equivalents and short-term investments... (e)...219,769...226,897 7. Derivative instruments... (f)...109,048,617...101,394,916 8. Other invested assets......14,194,128...14,175,182 9. Aggregate write-ins for investment income......(66,999)...(66,999) 10. Total gross investment income......804,575,709...804,142,350 11. Investment expenses... (g)...14,497,230 12. Investment taxes, licenses and fees, excluding federal income taxes... (g)...82,360 13. t expense... (h)...2,250,000 14. Depreciation on real estate and other invested assets... (i)...6,935,990 15. Aggregate write-ins for deductions from investment income......0 16. Total deductions (Lines 11 through 15)......23,765,580 17. Net investment income (Line 10 minus Line 16)......780,376,770 DETAILS OF WRITE-INS 0901. Investment Services Between Affiliates......(66,999)...(66,999) 0902.......0...0 0903.......0...0 0998. Summary of remaining write-ins for Line 9 from overflow page......0...0 0999. Totals (Lines 0901 through 0903 plus 0998) (Line 9 above)......(66,999)...(66,999) 1501.......0 1502.......0 1503.......0 1598. Summary of remaining write-ins for Line 15 from overflow page......0 1599. Totals (Lines 1501 through 1503 plus 1598) (Line 15 above)......0 (a) Includes $...28,359,807 accrual of discount less $...21,214,751 amortization of premium and less $...17,906,470 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 $...0 accrual of discount less $...0 amortization of premium and less $...0 paid for accrued interest on purchases. (d) Includes $...0 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 $...2,250,000 interest on surplus notes and $...0 interest on capital notes. (i) Includes $...85,325 depreciation on real estate and $...6,850,665 depreciation on other invested assets. EXHIBIT OF CAPITAL GAINS (LOSSES) 1 2 3 4 5 Realized Change in Gain (Loss) Other Total Realized Change in Unrealized on Sales Realized Capital Gain (Loss) Unrealized Foreign Exchange or Maturity Adjustments (Columns 1 + 2) Capital Gain (Loss) Capital Gain (Loss) 1. U.S. government bonds......0...0...0...0...0 1.1 Bonds exempt from U.S. tax......0...0...0...0...0 1.2 Other bonds (unaffiliated)......4,614,317...(16,603,539)...(11,989,222)...(848,845)...0 1.3 Bonds of affiliates......0...0...0...0...0 2.1 Preferred stocks (unaffiliated)......0...0...0...0...0 2.11 Preferred stocks of affiliates......0...0...0...0...0 2.2 Common stocks (unaffiliated)......2,577...0...2,577...529,858...0 2.21 Common stocks of affiliates......0...0...0...0...0 3. Mortgage loans......(312,084)...0...(312,084)...0...0 4. Real estate......586,138...0...586,138...0...0 5. Contract loans......0...0...0...0...0 6. Cash, cash equivalents and short-term investments......0...0...0...0...0 7. Derivative instruments......0...0...0...0...(238,604) 8. Other invested assets......42...0...42...7,230,498...(209,603) 9. Aggregate write-ins for capital gains (losses)......0...0...0...0...0 10. Total capital gains (losses)......4,890,990...(16,603,539)...(11,712,549)...6,911,511...(448,207) DETAILS OF WRITE-INS 0901.......0...0...0...0...0 0902.......0...0...0...0...0 0903.......0...0...0...0...0 0998. Summary of remaining write-ins for Line 9 from overflow page......0...0...0...0...0 0999. Totals (Lines 0901 through 0903 plus 0998) (Line 9 above)......0...0...0...0...0 8

9 EXHIBIT 1 - PART 1 - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS 1 2 Ordinary 5 Group Accident and Health 11 3 4 Credit Life 6 7 8 9 10 Aggregate of Industrial Individual (Group and Credit All Other Lines Total Life Life Insurance Annuities Individual) Life Insurance Annuities Group (Group & Individual) Other of Business FIRST YEAR (other than single) 1. Uncollected......399,116...0...399,116...0...0...0...0...0...0...0...0 2. Deferred and accrued......3,866,792...0...3,866,792...0...0...0...0...0...0...0...0 3. Deferred, accrued and uncollected: 3.1 Direct......4,265,908...0...4,265,908...0...0...0...0...0...0...0...0 3.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 3.3 Reinsurance ceded......0...0...0...0...0...0...0...0...0...0...0 3.4 Net (Line 1 + Line 2)......4,265,908...0...4,265,908...0...0...0...0...0...0...0...0 4. Advance......7,035...0...7,035...0...0...0...0...0...0...0...0 5. Line 3.4 - Line 4......4,258,873...0...4,258,873...0...0...0...0...0...0...0...0 6. Collected during year: 6.1 Direct......283,351,070...0...172,216,731...108,520,744...0...0...2,613,595...0...0...0...0 6.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 6.3 Reinsurance ceded......3,567,682...0...3,567,682...0...0...0...0...0...0...0...0 6.4 Net......279,783,388...0...168,649,049...108,520,744...0...0...2,613,595...0...0...0...0 7. Line 5 + Line 6.4......284,042,261...0...172,907,922...108,520,744...0...0...2,613,595...0...0...0...0 8. Prior year (uncollected + deferred and accrued - advance)......3,615,530...0...3,615,530...0...0...0...0...0...0...0...0 9. First year premiums and considerations: 9.1 Direct......283,994,413...0...172,860,074...108,520,744...0...0...2,613,595...0...0...0...0 9.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 9.3 Reinsurance ceded......3,567,682...0...3,567,682...0...0...0...0...0...0...0...0 9.4 Net (Line 7 - Line 8)......280,426,731...0...169,292,392...108,520,744...0...0...2,613,595...0...0...0...0 SINGLE 10. Single premiums and considerations: 10.1 Direct......764,267,833...0...44,923,231...716,286,540...0...1,358...3,056,704...0...0...0...0 10.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 10.3 Reinsurance ceded......150,124...0...150,124...0...0...0...0...0...0...0...0 10.4 Net......764,117,709...0...44,773,107...716,286,540...0...1,358...3,056,704...0...0...0...0 RENEWAL 11. Uncollected......908,930...0...901,906...0...0...1,560...0...0...0...5,464...0 12. Deferred and accrued......10,524,557...0...10,516,334...0...0...8,223...0...0...0...0...0 13. Deferred, accrued and uncollected: 13.1 Direct......11,445,349...0...11,430,102...0...0...9,783...0...0...0...5,464...0 13.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 13.3 Reinsurance ceded......11,862...0...11,862...0...0...0...0...0...0...0...0 13.4 Net (Line 11 + Line 12)......11,433,487...0...11,418,240...0...0...9,783...0...0...0...5,464...0 14. Advance......191,207...0...189,935...0...0...184...0...0...0...1,088...0 15. Line 13.4 - Line 14......11,242,281...0...11,228,305...0...0...9,599...0...0...0...4,376...0 16. Collected during year: 16.1 Direct......816,884,059...0...464,707,821...299,336,275...0...15,967...52,762,639...0...0...61,357...0 16.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 16.3 Reinsurance ceded......601,856,366...0...601,856,366...0...0...0...0...0...0...0...0 16.4 Net......215,027,694...0...(137,148,544)...299,336,275...0...15,967...52,762,639...0...0...61,357...0 17. Line 15 + Line 16.4......226,269,974...0...(125,920,239)...299,336,275...0...25,566...52,762,639...0...0...65,734...0 18. Prior year (uncollected + deferred and accrued - advance)......9,434,651...0...9,420,317...0...0...10,712...0...0...0...3,622...0 19. Renewal premiums and considerations: 19.1 Direct......818,690,372...0...466,514,492...299,336,275...0...14,854...52,762,639...0...0...62,112...0 19.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 19.3 Reinsurance ceded......601,855,049...0...601,855,049...0...0...0...0...0...0...0...0 19.4 Net (Line 17 - Line 18)......216,835,324...0...(135,340,556)...299,336,275...0...14,854...52,762,639...0...0...62,112...0 TOTAL 20. Total premiums and annuity considerations: 20.1 Direct......1,866,952,618...0...684,297,797...1,124,143,559...0...16,212...58,432,938...0...0...62,112...0 20.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 20.3 Reinsurance ceded......605,572,854...0...605,572,854...0...0...0...0...0...0...0...0 20.4 Net (Lines 9.4 + 10.4 + 19.4)......1,261,379,763...0...78,724,943...1,124,143,559...0...16,212...58,432,938...0...0...62,112...0

DIVIDENDS AND COUPONS APPLIED (included in Part 1) EXHIBIT 1 - PART 2 - DIVIDENDS AND COUPONS APPLIED, REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES AND COMMISSIONS INCURRED (direct business only) 1 2 Ordinary 5 Group Accident and Health 11 3 4 Credit Life 6 7 8 9 10 Aggregate of Industrial Individual (Group and Credit All Other Lines Total Life Life Insurance Annuities Individual) Life Insurance Annuities Group (Group & Individual) Other of Business 21. To pay renewal premiums......32,475...0...32,475...0...0...0...0...0...0...0...0 22. All other......32,906...0...32,906...0...0...0...0...0...0...0...0 REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES INCURRED 23. First year (other than single): 23.1 Reinsurance ceded......303,758...0...303,758...0...0...0...0...0...0...0...0 23.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 23.3 Net ceded less assumed......303,758...0...303,758...0...0...0...0...0...0...0...0 24. Single: 24.1 Reinsurance ceded......0...0...0...0...0...0...0...0...0...0...0 24.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 10 24.3 Net ceded less assumed......0...0...0...0...0...0...0...0...0...0...0 25. Renewal: 25.1 Reinsurance ceded......46,108,201...0...46,108,201...0...0...0...0...0...0...0...0 25.2 Reinsurance assumed......0...0...0...0...0...0...0...0...0...0...0 25.3 Net ceded less assumed......46,108,201...0...46,108,201...0...0...0...0...0...0...0...0 26. Totals: 26.1 Reinsurance ceded (Page 6, Line 6)......46,411,960...0...46,411,960...0...0...0...0...0...0...0...0 26.2 Reinsurance assumed (Page 6, Line 22)......0...0...0...0...0...0...0...0...0...0...0 26.3 Net ceded less assumed......46,411,960...0...46,411,960...0...0...0...0...0...0...0...0 COMMISSIONS INCURRED (direct business only) 27. First year (other than single)......207,077,686...0...167,352,778...39,543,160...0...0...181,748...0...0...0...0 28. Single......33,442,979...0...0...33,442,979...0...0...0...0...0...0...0 29. Renewal......51,405,389...0...27,716,883...20,093,383...0...0...3,595,043...0...0...80...0 30. Deposit-type contract funds......0...0...0...0...0...0...0...0...0...0...0 31. Totals (to agree with Page 6, Line 21)......291,926,054...0...195,069,661...93,079,522...0...0...3,776,790...0...0...80...0

EXHIBIT 2 - GENERAL EXPENSES Insurance 5 6 1 Accident and Health 4 2 3 All Other Lines Life Cost Containment All Other of Business Investment Total 1. Rent......1,777,251...0...0...0...0...1,777,251 2. Salaries and wages......10,996,999...0...0...0...0...10,996,999 3.11 Contributions for benefit plans for employees......4,921,406...0...0...0...0...4,921,406 3.12 Contributions for benefit plans for agents......0...0...0...0...0...0 3.21 Payments to employees under non-funded benefit plans......0...0...0...0...0...0 3.22 Payments to agents under non-funded benefit plans......0...0...0...0...0...0 3.31 Other employee welfare......129,677...0...0...0...0...129,677 3.32 Other agent welfare......0...0...0...0...0...0 4.1 Legal fees and expenses......426,882...0...0...0...0...426,882 4.2 Medical examination fees......0...0...0...0...0...0 4.3 Inspection report fees......(7,341)...0...0...0...0...(7,341) 4.4 Fees of public accountants and consulting actuaries......363,490...0...0...0...0...363,490 4.5 Expense of investigation and settlement of policy claims......0...0...0...0...0...0 5.1 Traveling expenses......376,243...0...0...0...0...376,243 5.2 Advertising......382,826...0...0...0...0...382,826 5.3 Postage, express, telegraph and telephone......250,155...0...0...0...0...250,155 5.4 Printing and stationery......890,311...0...0...0...0...890,311 5.5 Cost or depreciation of furniture and equipment......129,249...0...0...0...0...129,249 5.6 Rental of equipment......25,939...0...0...0...0...25,939 5.7 Cost or depreciation of EDP equipment and software......137,459...0...0...0...0...137,459 6.1 Books and periodicals......2,008...0...0...0...0...2,008 6.2 Bureau and association fees......569,309...0...0...0...0...569,309 6.3 Insurance, except on real estate......6,429...0...0...0...0...6,429 6.4 Miscellaneous losses......0...0...0...0...0...0 6.5 Collection and bank service charges......589,692...0...0...0...0...589,692 6.6 Sundry general expenses......36,085...0...0...0...0...36,085 6.7 Group service and administration fees......0...0...0...0...0...0 6.8 Reimbursements by uninsured plans......0...0...0...0...0...0 7.1 Agency expense allowance......0...0...0...0...0...0 7.2 Agents' balances charged off (less $...0 recovered)......404,311...0...0...0...0...404,311 7.3 Agency conferences other than local meetings......2,904,006...0...0...0...0...2,904,006 9.1 Real estate expenses......192...0...0...0...0...192 9.2 Investment expenses not included elsewhere......0...0...0...0...14,497,230...14,497,230 9.3 Aggregate write-ins for expenses......63,532,658...0...0...0...0...63,532,658 10. General expenses Incurred......88,845,235...0...0...0...14,497,230 (a)...103,342,465 11. General expenses unpaid December 31, prior year......7,190,499...0...0...0...0...7,190,499 12. General expenses unpaid December 31, current year......6,585,709...0...0...0...0...6,585,709 13. Amounts receivable relating to uninsured plans, prior year......0...0...0...0...0...0 14. Amounts receivable relating to uninsured plans, current year......0...0...0...0...0...0 15. General expenses paid during year (Lines 10+11-12-13+14)......89,450,025...0...0...0...14,497,230...103,947,255 DETAILS OF WRITE-INS 09.301. Computer Services provided by NLIC......33,841,971...0...0...0...0...33,841,971 09.302. Life Product management services......23,416,166...0...0...0...0...23,416,166 09.303. Services provided by other companies......5,925,634...0...0...0...0...5,925,634 09.398. Summary of remaining write-ins for Line 9.3 from overflow page......348,887...0...0...0...0...348,887 09.399. Totals (Lines 09.301 through 09.303 plus 09.398)(Line 9.3 above)......63,532,658...0...0...0...0...63,532,658 (a) Includes management fees of $...34,731,726 to affiliates and $...0 to non-affiliates. EXHIBIT 3 - TAXES, LICENSES AND FEES (EXCLUDING FEDERAL INCOME TAXES) Insurance 4 5 1 2 3 Accident All Other Lines Life and Health of Business Investment Total 1. Real estate taxes......0...0...0...82,360...82,360 2. State insurance department licenses and fees......1,293,175...0...0...0...1,293,175 3. State taxes on premiums......13,402,077...1,340...0...0...13,403,417 4. Other state taxes, including $...0 for employee benefits......2,097,384...0...0...0...2,097,384 5. U.S. Social Security taxes......1,111,952...0...0...0...1,111,952 6. All other taxes......149,643...0...0...0...149,643 7. Taxes, licenses and fees incurred......18,054,231...1,340...0...82,360...18,137,931 8. Taxes, licenses and fees unpaid December 31, prior year......1,565,565...0...0...0...1,565,565 9. Taxes, licenses and fees unpaid December 31, current year......4,046,718...0...0...0...4,046,718 10. Taxes, licenses and fees paid during year (Lines 7 + 8-9)......15,573,078...1,340...0...82,360...15,656,778 EXHIBIT 4 - DIVIDENDS OR REFUNDS 1 2 Life Accident and Health 1. Applied to pay renewal premiums......32,475...0 2. Applied to shorten the endowment or premium-paying period......0...0 3. Applied to provide paid-up additions......32,906...0 4. Applied to provide paid-up annuities......0...0 5. Total Lines 1 through 4......65,381...0 6. Paid-in cash......7,376...0 7. Left on deposit......4,503...0 8. Aggregate write-ins for dividend or refund options......0...0 9. Total Lines 5 through 8......77,260...0 10. Amount due and unpaid......0...0 11. Provision for dividends or refunds payable in the following calendar year......98,906...0 12. Terminal dividends......0...0 13. Provision for deferred dividend contracts......0...0 14. Amount provisionally held for deferred dividend contracts not included in Line 13......0...0 15. Total Lines 10 through 14......98,906...0 16. Total from prior year......85,010...0 17. Total dividends or refunds (Lines 9 + 15-16)......91,156...0 DETAILS OF WRITE-INS 0801.......0...0 0802.......0...0 0803.......0...0 0898. Summary of remaining write-ins for Line 8 from overflow page......0...0 0899. Totals (Line 0801 through 0803 plus 0898) (Line 8 above)......0...0 11

EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS 1 2 3 4 5 6 Credit (Group and Valuation Standard Total Industrial Ordinary Individual) Group Life Insurance: 0100001. 41 CSO 3.00% NL......113,626...0...101,119...0...12,508 0100002. 41 CSO 3.50% NL......498...0...498...0...0 0100003. 58 CSO 2.50% NL......4,523...0...4,523...0...0 0100004. 58 CSO 3.00% NL......3,296,681...0...3,296,681...0...0 0100005. 58 CSO 3.00% CRVM......2,200,227...0...2,200,227...0...0 0100006. 58 CSO 3.50% NL......271,336...0...208,003...0...63,333 0100007. 58 CSO 3.50% CRVM......4,305,179...0...3,448,315...0...856,864 0100008. 58 CSO 4.00% CRVM......1,247,909...0...1,247,909...0...0 0100009. 58 CSO 4.50% NL......85,104...0...85,104...0...0 0100010. 58 CSO 4.50% CRVM......14,843,382...0...11,302,479...0...3,540,903 0100011. 58 CSO 3.50% ALB NL......6,684,384...0...3,583,991...0...3,100,394 0100012. 58 CSO 3.50% ALB CRVM......818,224...0...818,224...0...0 0100013. 58 CSO 4.00% ALB CRVM......126,773...0...126,773...0...0 0100014. 80 CSO 4.00% CRVM......1,663,602...0...1,663,602...0...0 0100015. 80 CSO 4.50% NL......50,780...0...50,780...0...0 0100016. 80 CSO 4.50% CRVM......7,931,548...0...7,931,548...0...0 0100017. 80 CSO 5.50% NL......28,256,154...0...28,256,154...0...0 0100018. 80 CSO 6.00% NL......24,333,980...0...24,333,980...0...0 0100019. 80 CSO 6.00% CRVM......80,693...0...80,693...0...0 0100020. 80 CSO 5.00% CRVM......1,263...0...1,263...0...0 0100021. Universal Life CRVM 80 CSO 4.0% 87 -......233,937,350...0...233,937,350...0...0 0100022. Universal Life CRVM 2001 CSO 4.0% 08 -......435,552,156...0...435,552,156...0...0 0100023. Universal Life CRVM 2001 CSO 2.0% 05 -......38,837,849...0...38,837,849...0...0 0100024. Universal Life CRVM 2001 CSO 2.5% 07-......14,373,275...0...14,373,275...0...0 0100025. Universal Life CRVM 2001 CSO 3.0% 09 -......1,035,732,348...0...1,035,732,348...0...0 0100026. Universal Life California Method 97 -......18,761,484...0...18,761,484...0...0 0100027. Universal Life CRVM 2001 CSO 3.5% 13-......8,901,029...0...8,901,029...0...0 0100028. Substandard Extra......257,051...0...257,051...0...0 0100029. CRVM 80 CSO 4.50% from 1/1/99......30,718...0...30,718...0...0 0100030. 1999 XXX 80 CSO 4.50% from 1/1/2000......6,658,294...0...6,658,294...0...0 0100031. 1999 XXX 80 CSO 4.00% from 1/1/2006......1,023,113...0...1,023,113...0...0 0100032. 1999 XXX 2001CSO 4.00% from 1/1/2006......24,162,682...0...24,162,682...0...0 0100033. NLP 2001 CSO 4.00% from 1/1/2012......59,830...0...59,830...0...0 0100034. CRVM 2001 CSO 4.00% from 1/1/2012......59,657...0...59,657...0...0 0100035. 1999 XXX 2001CSO 4.00% from 1/1/2012......301,794...0...301,794...0...0 0100036. Substandard......1,658,765...0...1,658,765...0...0 0100037. NLP 2001 CSO 3.50% from 1/1/2013......776,844...0...776,844...0...0 0100038. CRVM 2001 CSO 3.50% from 1/1/2013......3,813,255...0...3,813,255...0...0 0100039. 1999 XXX 2001CSO 3.50% from 1/1/2013......28,249,101...0...28,249,101...0...0 0199997. Totals (Gross)......1,949,462,460...0...1,941,888,458...0...7,574,002 0199998. Reinsurance ceded......622,348,878...0...622,348,878...0...0 0199999. Totals (Net)......1,327,113,582...0...1,319,539,580...0...7,574,002 Annuities (excluding supplementary contracts with life contingencies): 0200001. 71 IAM 6.00%......5,603...XXX......5,603...XXX......0 0200002. 83 IAM 4.00%......1,350,040...XXX......1,350,040...XXX......0 0200003. 83 IAM 4.25%......2,065,332...XXX......2,065,332...XXX......0 0200004. 83 IAM 4.50%......1,580,254...XXX......1,580,254...XXX......0 0200005. 83 IAM 5.00%......1,503,341...XXX......1,503,341...XXX......0 0200006. 83 IAM 5.25%......3,539,262...XXX......3,539,262...XXX......0 0200007. 83 IAM 5.50%......3,456,698...XXX......3,456,698...XXX......0 0200008. 83 IAM 6.00%......3,056,440...XXX......3,056,440...XXX......0 0200009. 83 IAM 6.25%......258,480...XXX......258,480...XXX......0 0200010. 83 IAM 6.50%......689,834...XXX......689,834...XXX......0 0200011. 83 IAM 6.75%......884,130...XXX......884,130...XXX......0 0200012. 83 IAM 7.00%......283,401...XXX......283,401...XXX......0 0200013. 83 IAM 7.25%......297,856...XXX......297,856...XXX......0 0200014. 83 IAM 7.75%......93,617...XXX......93,617...XXX......0 0200015. 83 IAM 8.00%......9,158...XXX......9,158...XXX......0 0200016. 83 IAM 8.25%......228,319...XXX......228,319...XXX......0 0200017. 83 IAM 8.75%......123,375...XXX......123,375...XXX......0 0200018. 83 IAM 9.25%......8,568...XXX......8,568...XXX......0 0200019. 2012 IAR 4.00%......5,412,788...XXX......5,412,788...XXX......0 0200020. CARVM 3.50%......143,624,071...XXX......3,562,312...XXX......140,061,759 0200021. CARVM 3.75%......57,177,628...XXX......30,134,976...XXX......27,042,652 0200022. CARVM 4.00%......235,992...XXX......235,992...XXX......0 0200023. CARVM 4.25%......87,856,579...XXX......72,068,291...XXX......15,788,288 0200024. CARVM 4.50%......220,254,349...XXX......162,802,791...XXX......57,451,558 0200025. CARVM 4.75%......236,883,283...XXX......81,562,969...XXX......155,320,314 0200026. CARVM 5.00%......190,742,765...XXX......156,138,350...XXX......34,604,415 0200027. CARVM 5.25%......327,336,647...XXX......40,815,097...XXX......286,521,551 0200028. CARVM 5.50%......174,825,994...XXX......102,665,609...XXX......72,160,385 0200029. CARVM 5.75%......69,932,765...XXX......25,879,592...XXX......44,053,172 0200030. CARVM 6.00%......66,229,414...XXX......15,322,318...XXX......50,907,096 0200031. CARVM 6.25%......152,881,627...XXX......31,835,783...XXX......121,045,844 0200032. CARVM 6.50%......82,659,231...XXX......52,954,726...XXX......29,704,505 0200033. CARVM 6.75%......55,187,162...XXX......55,187,162...XXX......0 0200034. CARVM 7.00%......36,213,820...XXX......34,601,888...XXX......1,611,932 0200035. CARVM 7.25%......7,297,416...XXX......1,956,529...XXX......5,340,887 0200036. CARVM 8.00%......517,300...XXX......517,300...XXX......0 0200037. CARVM 8.25%......378,152...XXX......378,152...XXX......0 0200038. CARVM 8.50%......8,715,160...XXX......974,830...XXX......7,740,330 0200039. BSPM 3.50%......701,094,468...XXX......701,094,468...XXX......0 0200040. BSPM 3.75%......1,883,051,844...XXX......1,883,051,844...XXX......0 0200041. BSPM 4.00%......944,431,112...XXX......944,431,112...XXX......0 0200042. BSPM 4.25%......1,050,390,318...XXX......1,050,226,393...XXX......163,925 0200043. BSPM 4.50%......2,418,396,566...XXX......2,318,955,549...XXX......99,441,017 0200044. BSPM 4.75%......1,169,758,144...XXX......1,096,179,880...XXX......73,578,264 0200045. BSPM 5.00%......1,325,174,707...XXX......1,237,682,304...XXX......87,492,403 12