hartford life insurance company

*88072201020100100*
of the Condition and Affairs of the
HARTFORD LIFE INSURANCE COMPANY NAIC Group Code.....0091, 0091 NAIC Company Code..... 88072 Employer's ID Number..... 06-0974148 (Current Period) (Prior Period) Organized under the Laws of Connecticut State of Domicile or Port of Entry Connecticut Country of Domicile US Incorporated/Organized..... February 16, 1978 Commenced Business..... January 1, 1979 Statutory Home Office 200 Hopmeadow Street….. Simsbury ..... CT ..... 06089-9793 (Street and Number) (City or Town, State and Zip Code) Main Administrative Office 200 Hopmeadow Street….. Simsbury ..... CT ..... 06089-9793 860-547-5000 (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Mail Address One Hartford Plaza….. Hartford ..... CT ..... 06155-0001 (Street and Number or P. O. Box) (City or Town, State and Zip Code) Primary Location of Books and Records 200 Hopmeadow Street….. Simsbury ..... CT ..... 06089-9793 860-547-5000 (Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address www.thehartford.com Statutory Statement Contact Laurence L. Gibbs 860-843-8846 (Name) (Area Code) (Telephone Number) (Extension)
[email protected] 860-843-3884 (E-Mail Address) (Fax Number)
OFFICERS Name Title Name Title
1. David Nathan Levenson # CEO, COB and President 2. James Michael Yanosy # Vice President and Controller 3. Terence David Shields # Corporate Secretary 4. Glenn David Lammey EVP and Chief Financial Officer
OTHER Gregory Gerard McGreevey EVP and Chief Investment Officer George Evans Eknaian # SVP and Chief Actuary John Nicholas Giamalis # SVP, Corp. Treasury and Banking Robert William Paiano # SVP and Treasurer Craig Douglas Morrow VP and Appointed Actuary
DIRECTORS OR TRUSTEES Glenn David Lammey David Nathan Levenson # Gregory Gerard McGreevey
Annual Statement for the year 2010 of the HARTFORD LIFE INSURANCE COMPANY
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1 2 3 4 Net Admitted
Nonadmitted Assets Net Assets Assets (Cols. 1 - 2) Admitted Assets
1. Bonds (Schedule D)........................................................................................................... .........23,450,955,070 .................................0 .........23,450,955,070 .........22,914,117,844
3.1 First liens.................................................................................................................. ...........1,804,686,216 .................................0 ...........1,804,686,216 ...........1,990,407,036
4.1 Properties occupied by the company (less $............0 encumbrances)........................................................................................................ .................99,457,653 .................................0 .................99,457,653 ..............103,797,071
4.3 Properties held for sale (less $..........0 encumbrances).......................................... .................................0 .................................0 .................................0 .................................0
6. Contract loans (including $..........0 premium notes).......................................................... ..............955,150,967 .................................0 ..............955,150,967 ..............953,690,067
14. Investment income due and accrued................................................................................. ..............236,038,931 .................................0 ..............236,038,931 ..............280,427,693
15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $..........0 earned but unbilled premiums)...................... ...................1,447,100 .................................0 ...................1,447,100 ...................2,437,718
15.3 Accrued retrospective premiums............................................................................. .................................0 .................................0 .................................0 .................................0
16. Reinsurance:
18.2 Net deferred tax asset........................................................................................................ ...........1,648,659,312 ...........1,200,285,312 ..............448,374,000 ..............314,782,000
22. Net adjustment in assets and liabilities due to foreign exchange rates............................ .................................0 .................................0 .................................0 .................................0
23. Receivables from parent, subsidiaries and affiliates......................................................... .................69,886,224 .................................0 .................69,886,224 .................35,239,018
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts............... .......114,749,958,042 .................10,271,447 .......114,739,686,595 .......104,057,136,559
28. TOTALS (Lines 26 and 27)................................................................................................ .......150,165,045,353 ...........1,264,747,277 .......148,900,298,076 .......140,231,960,413
DETAILS OF WRITE-INS 1101. Derivative instruments........................................................................................................ .................................0 .................................0 .................................0 ..............186,444,966 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 thru 1103 plus 1198) (Line 11 above)................................................ .................................0 .................................0 .................................0 ..............186,444,966 2501. Disbursements and items not allocated............................................................................. .................82,478,529 .................36,746,604 .................45,731,925 ..............333,577,915 2502. Reinsurance balances........................................................................................................ ...................1,256,692 .................................0 ...................1,256,692 .................................0 2503. Other assets non-admitted................................................................................................. ...................2,701,719 ...................2,701,719 .................................0 .................................0 2598. Summary of remaining write-ins for Line 25 from overflow page...................................... .................................0 .................................0 .................................0 .................................0 2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)................................................ .................86,436,940 .................39,448,323 .................46,988,617 ..............333,577,915
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Current Year Prior Year 1. Aggregate reserve for life contracts $.....18,557,926,278 (Exhibit 5, Line 9999999) less $..........0
included in Line 6.3 (including $.....3,695,148 Modco Reserve)..................................................................................................... ................18,557,926,278 ................18,556,706,457 2. Aggregate reserve for accident and health contracts (Exhibit 6, Line 17, Col. 1) (including $.........0 Modco Reserve)................ .....................127,435,813 .....................115,645,600 3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..........0 Modco Reserve)............................................. ..................9,120,247,612 ..................9,821,248,558 4. Contract claims:
4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11).............................................................................. .......................99,139,498 .......................86,422,691 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11)..................................................................... .........................8,182,817 .........................8,788,015
5. Policyholders' dividends $..........0 and coupons $.....363 due and unpaid (Exhibit 4, Line 10)..................................................... ...................................363 ........................................0 6. Provision for policyholders' dividends and coupons payable in following calendar year - estimated amounts:
6.1 Dividends apportioned for payment (including $..........0 Modco)........................................................................................ ............................488,746 ............................457,712 6.2 Dividends not yet apportioned (including $..........0 Modco)................................................................................................ ........................................0 ........................................0 6.3 Coupons and similar benefits (including $..........0 Modco)................................................................................................. ........................................0 ........................................0
discount; including $..........0 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)............................ ..............................73,219 ..............................94,702 9. Contract liabilities not included elsewhere:
9.1 Surrender values on canceled contracts............................................................................................................................. ........................................0 ........................................0 9.2 Provision for experience rating refunds, including $..........0 accident and health experience rating refunds.................... .....................370,443,508 .....................415,684,035 9.3 Other amounts payable on reinsurance, including $..........0 assumed and $.....23,045,446 ceded.................................. .......................23,045,446 .......................25,581,944 9.4 Interest Maintenance Reserve (IMR, Line 6)....................................................................................................................... .......................95,505,059 .......................59,767,836
10. Commissions to agents due or accrued - life and annuity contracts $.....26,411,671, accident and health $.....4,654,180 and deposit-type contract funds $.....95,725................................................................................................................................... .......................31,161,576 .......................29,031,494
11. Commissions and expense allowances payable on reinsurance assumed................................................................................... ........................................0 ........................................0 12. General expenses due or accrued (Exhibit 2, Line 12, Col. 6)....................................................................................................... .......................79,973,236 .......................77,765,901 13. Transfers to Separate Accounts due or accrued (net) (including $.....(1,562,710,154) accrued for expense
allowances recognized in reserves, net of reinsured allowances).................................................................................................. .................(2,035,959,097) .................(1,542,221,135) 14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5)........................................... .........................5,365,115 ........................(1,696,752)
15.1 Current federal and foreign income taxes, including $.....27,521,122 on realized capital gains (losses)...................................... .......................61,509,791 ........................................0 15.2 Net deferred tax liability.................................................................................................................................................................... ........................................0 ........................................0 16. Unearned investment income.......................................................................................................................................................... .........................3,961,485 .........................4,819,992 17. Amounts withheld or retained by company as agent or trustee...................................................................................................... .......................69,798,086 .........................5,806,390 18. Amounts held for agents' account, including $.....10,601,137 agents' credit balances.................................................................. .......................10,601,137 .........................8,983,717 19. Remittances and items not allocated............................................................................................................................................... .....................137,570,428 .....................374,059,505 20. Net adjustment in assets and liabilities due to foreign exchange rates.......................................................................................... .........................1,900,906 .........................2,209,577 21. Liability for benefits for employees and agents if not included above............................................................................................. ........................................0 ........................................0 22. Borrowed money $.....387,142,478 and interest thereon $.....1,075,560....................................................................................... .....................388,218,038 ..................1,151,844,639 23. Dividends to stockholders declared and unpaid.............................................................................................................................. ........................................0 ........................................0 24. Miscellaneous liabilities:
DETAILS OF WRITE-INS 2501. Collateral on derivatives................................................................................................................................................................... .....................380,768,542 .....................590,547,598 2502. Miscellanoues liabilities.................................................................................................................................................................... .........................7,721,971 ...........................(776,132) 2503. Derivative instruments...................................................................................................................................................................... ........................................0 .....................244,566,719 2598. Summary of remaining write-ins for Line 25 from overflow page.................................................................................................... ...........................(118,504) .......................58,578,745 2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above).............................................................................................................. .....................388,372,009 .....................892,916,930 3101. Gain on inforce reinsurance............................................................................................................................................................. .........................5,653,174 .........................6,336,902 3102. .......................................................................................................................................................................................................... ........................................0 ........................................0 3103. .......................................................................................................................................................................................................... ........................................0 ........................................0 3198. Summary of remaining write-ins for Line 31 from overflow page.................................................................................................... ........................................0 ........................................0 3199. Totals (Lines 3101 thru 3103 plus 3198) (Line 31 above).............................................................................................................. .........................5,653,174 .........................6,336,902 3401. Additional admitted deferred tax asset............................................................................................................................................ .....................228,067,000 ........................................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 thru 3403 plus 3498) (Line 34 above).............................................................................................................. .....................228,067,000 ........................................0
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8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts.. .................970,333,734 .................922,102,092 8.2 Charges and fees for deposit-type contracts..................................................................................................................................... .....................1,483,653 .....................1,186,770 8.3 Aggregate write-ins for miscellaneous income.................................................................................................................................. .................253,007,560 .................240,467,180
9. Totals (Lines 1 to 8.3).................................................................................................................................................................................. ..............6,749,163,036 ..............8,393,154,810 10. Death benefits.............................................................................................................................................................................................. .................393,178,550 .................402,563,792 11. Matured endowments (excluding guaranteed annual pure endowments)................................................................................................. ........................118,234 ..........................82,627 12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8)........................................................................................................................... .................662,923,514 .................674,405,222 13. Disability benefits and benefits under accident and health contracts......................................................................................................... ...................51,489,241 ...................50,794,254 14. Coupons, guaranteed annual pure endowments and similar benefits....................................................................................................... ...................................0 ...................................0 15. Surrender benefits and withdrawals for life contracts................................................................................................................................. ..............9,693,111,678 ..............8,462,015,764 16. Group conversions....................................................................................................................................................................................... .......................(159,383) ....................(1,090,211) 17. Interest and adjustments on contract or deposit-type contract funds......................................................................................................... .................419,992,528 .................446,722,028 18. Payments on supplementary contracts with life contingencies................................................................................................................... ...................11,076,307 ...................11,229,257 19. Increase in aggregate reserves for life and accident and health contracts................................................................................................ ...................13,373,481 ................(438,335,220) 20. Totals (Lines 10 to 19)................................................................................................................................................................................. ............11,245,104,150 ..............9,608,387,513 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)
capital gains or (losses) (Line 31 minus Line 32)........................................................................................................................................ .................675,934,327 ..............1,194,155,009 34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $.....(47,549,921)
(excluding taxes of $.....24,307,066 transferred to the IMR)....................................................................................................................... ................(553,425,388) .............(1,732,989,150) 35. Net income (Line 33 plus Line 34)............................................................................................................................................................... .................122,508,939 ................(538,834,141)
50.1 Paid in................................................................................................................................................................................................ ...................................0 ...................................0 50.2 Transferred from surplus (Stock Dividend)........................................................................................................................................ ...................................0 ...................................0 50.3 Transferred to surplus........................................................................................................................................................................ ...................................0 ...................................0
DETAILS OF WRITE-INS 08.301. Other investment management fees................................................................................................................................................. .................146,403,423 .................144,333,866 08.302. Miscellaneous income........................................................................................................................................................................ ...................76,299,168 ...................61,908,764 08.303. Separate Account loads..................................................................................................................................................................... ...................30,304,969 ...................34,224,550 08.398. Summary of remaining write-ins for Line 8.3 from overflow page.................................................................................................... ...................................0 ...................................0 08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)...................................................................................................... .................253,007,560 .................240,467,180 2701. Miscellaneous deductions.................................................................................................................................................................. .................126,212,509 ...................61,342,173 2702. MODCO adjustment........................................................................................................................................................................... ....................(1,477,330) ....................(2,112,036) 2703. Change in provision for future dividends........................................................................................................................................... ....................(1,534,954) .......................(553,084) 2798. Summary of remaining write-ins for Line 27 from overflow page..................................................................................................... ..................(14,723,790) ....................(3,353,423) 2799. Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)................................................................................................................ .................108,476,435 ...................55,323,630 5301. Additional admitted deferred tax asset.............................................................................................................................................. ...................23,183,000 ...................................0 5302. Gain on inforce reinsurance............................................................................................................................................................... .......................(683,640) .......................(683,640) 5303. ............................................................................................................................................................................................................ ...................................0 ...................................0 5398. Summary of remaining write-ins for Line 53 from overflow page..................................................................................................... ...................................0 ...................................0 5399. Totals (Lines 5301 thru 5303 plus 5398) (Line 53 above)................................................................................................................ ...................22,499,360 .......................(683,640)
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1. Premiums collected net of reinsurance.......................................................................................................................................... ..................4,075,648,121 ..................5,781,488,622 2. Net investment income................................................................................................................................................................... ..................1,477,225,863 ..................1,508,436,041 3. Miscellaneous income.................................................................................................................................................................... ..................1,248,668,070 ..................1,191,678,263 4. Total (Lines 1 through 3)................................................................................................................................................................ ..................6,801,542,054 ..................8,481,602,926 5. Benefit and loss related payments................................................................................................................................................. ................11,178,724,258 ................10,010,656,347 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.......................................................... .................(5,557,962,355) .................(2,077,769,590) 7. Commissions, expenses paid and aggregate write-ins for deductions......................................................................................... ..................1,024,603,237 ..................3,113,315,796 8. Dividends paid to policyholders..................................................................................................................................................... .........................8,193,019 .........................3,835,682 9. Federal and foreign income taxes paid (recovered) net of $..........0 tax on capital gains (losses).............................................. ......................(71,998,651) ....................(440,036,591) 10. Total (Lines 5 through 9)................................................................................................................................................................ ..................6,581,559,508 ................10,610,001,644 11. Net cash from operations (Line 4 minus Line 10).......................................................................................................................... .....................219,982,546 .................(2,128,398,718)
CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid:
12.1 Bonds................................................................................................................................................................................... ..................9,973,755,370 ................15,309,712,915 12.2 Stocks................................................................................................................................................................................... .....................106,637,845 .....................120,714,366 12.3 Mortgage loans.................................................................................................................................................................... .....................708,390,788 .....................219,088,579 12.4 Real estate........................................................................................................................................................................... ........................................0 ........................................0 12.5 Other invested assets.......................................................................................................................................................... .....................139,754,154 .....................185,078,840 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments................................................................... ......................................62 .........................5,177,907 12.7 Miscellaneous proceeds...................................................................................................................................................... .....................211,925,593 ..................1,806,057,163 12.8 Total investment proceeds (Lines 12.1 to 12.7).................................................................................................................. ................11,140,463,812 ................17,645,829,770
CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16. Cash provided (applied):
16.1 Surplus notes, capital notes................................................................................................................................................. ........................................0 ........................................0 16.2 Capital and paid in surplus, less treasury stock.................................................................................................................. ........................................0 ..................1,004,879,899 16.3 Borrowed funds.................................................................................................................................................................... ....................(753,342,572) ......................(87,640,482) 16.4 Net deposits on deposit-type contracts and other insurance liabilities............................................................................... ....................(701,000,946) .................(2,395,970,093) 16.5 Dividends to stockholders.................................................................................................................................................... ........................................0 ........................................0 16.6 Other cash provided (applied)............................................................................................................................................. .....................284,604,417 ....................(601,480,088)
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash equivalents and short-term investments (Line 11 plus Line 15 plus Line 17).................................... .................(1,367,871,064) ....................(161,895,571) 19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year................................................................................................................................................................. ..................2,870,521,531 ..................3,032,417,102
Note: Supplemental disclosures of cash flow information for non-cash transactions: 20.0001 Paid in capital: non cash stock compensation contribution............................................................................................... .........................3,034,132 ........................................0 20.0002 Investment in Subsidiary: non cash stock compensation contribution.............................................................................. .........................1,488,280 ........................................0
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ANALYSIS OF OPERATION 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............................................................. ...4,112,339,675 ......................0 ....159,042,635 ....672,604,080 ......................0 ......................0 ......88,087,564 .3,113,966,322 ......78,578,587 ......................0 .............60,487 ..................0 2. Considerations for supplementary contracts with life contingencies................................................................................. ..........7,264,126 ......................0 .............55,007 ......................0 ........7,209,119 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ..................0 3. Net investment income...................................................................................................................................................... ...1,370,929,142 ......................0 ....105,702,041 ....446,442,607 ........1,474,364 ......................0 ......44,395,091 ....686,956,351 ........8,605,689 ......................0 ......................0 ..77,353,000 4. Amortization of Interest Maintenance Reserve (IMR)........................................................................................................ ..........9,962,023 ......................0 .......(2,248,340) ........1,547,528 ......................0 ......................0 ..........(175,229) ........9,580,641 ...........125,961 ......................0 ......................0 ....1,131,462 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......................................................................................... ........40,543,397 ......................0 ........2,176,765 ...........993,269 ......................0 ......................0 ........5,366,200 ...........815,737 ......31,172,572 ......................0 .............18,854 ..................0 7. Reserve adjustments on reinsurance ceded..................................................................................................................... .......(16,700,274) ......................0 .......(7,807,170) .......(8,893,104) ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ..................0 8. Miscellaneous Income:
08.301. Other investment management fees.......................................................................................................................... ......146,403,423 ......................0 ........2,625,478 ......15,170,581 ......................0 ......................0 ........1,205,024 ....127,402,341 ......................0 ......................0 ......................0 ..................0 08.302. Miscellaneous income................................................................................................................................................ ........76,299,168 ......................0 ........2,386,766 ...........235,585 ......................0 ......................0 ........8,558,324 ......63,035,782 ......................0 ......................0 ....................52 ....2,082,659 08.303. Separate Account loads............................................................................................................................................. ........30,304,969 ......................0 ........1,986,830 ......28,123,624 ............(24,912) ......................0 ......................0 ...........219,427 ......................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 thru 08.303 plus 08.398) (Line 8.3 above)................................................................................. ......253,007,560 ......................0 ........6,999,074 ......43,529,790 ............(24,912) ......................0 ........9,763,348 ....190,657,550 ......................0 ......................0 ....................52 ....2,082,659 2701. Miscellaneous deductions.......................................................................................................................................... ......126,212,509 ......................0 .............85,710 ............(39,374) ......................0 ......................0 .............13,890 ......71,774,955 ......................0 ......................0 ......................0 ..54,377,328 2702. MODCO adjustment.................................................................................................................................................. .........(1,477,330) ......................0 ......................0 .......(1,138,157) ......................0 ......................0 ......................0 ..........(339,173) ......................0 ......................0 ......................0 ..................0 2703. Change in provision for future dividends.................................................................................................................... .........(1,534,954) ......................0 .......(1,534,954) ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ..................0 2798. Summary of remaining write-ins for Line 27 from overflow page............................................................................... .......(14,723,790) ......................0 .......(7,795,005) ......................0 ......................0 ......................0 .......(6,928,785) ......................0 ......................0 ......................0 ......................0 ..................0 2799. Total (Lines 2701 thru 2703 plus 2798) (Line 27 above)........................................................................................... ......108,476,435 ......................0 .......(9,244,249) .......(1,177,531) ......................0 ......................0 .......(6,914,895) ......71,435,782 ......................0 ......................0 ......................0 ..54,377,328
(a) Includes the following amounts for FEGLI/SGLI: Line 1..........0 Line 10..........0 Line 16..............0 Line 23..........0 Line 24..........0.
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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
Involving Life or Disability Contingencies (Reserves)
(Net of Reinsurance Ceded)
15. Reserve December 31, current year...................................................................................................... ...............18,557,926,278 .......................................0 .................1,908,236,929 .................8,037,830,749 ......................44,119,719 .......................................0 ....................649,057,387 .................7,918,681,495
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Collected Earned During Year During Year
1. U.S. government bonds.............................................................................................................................................................. (a)...........................42,377,181 ...............................46,179,903 1.1 Bonds exempt from U.S. tax....................................................................................................................................................... (a)...........................................0 ................................................0 1.2 Other bonds (unaffiliated)........................................................................................................................................................... (a).........................972,498,832 .............................979,635,062 1.3 Bonds of affiliates........................................................................................................................................................................ (a)...........................................0 ................................................0 2.1 Preferred stocks (unaffiliated)..................................................................................................................................................... (b).............................3,619,413 .................................3,849,427
(a) Includes $.....76,566,681 accrual of discount less $.....145,564,186 amortization of premium and less $.....41,777,366 paid for accrued interest on purchases. (b) Includes $.....762,043 accrual of discount less $.....310,603 amortization of premium and less $..........0 paid for accrued dividends on purchases. (c) Includes $.....762,482 accrual of discount less $.....479,098 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 $.....49,305 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 $..........0 interest on surplus notes and $..........0 interest on capital notes. (i) Includes $.....4,643,043 depreciation on real estate and $..........0 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.................................................................. ................(89,700,900) ..................................0 ................(89,700,900) ..................................0 ..................................0 1.1 Bonds exempt from U.S. tax........................................................... ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 1.2 Other bonds (unaffiliated)............................................................... .................78,730,612 ..............(260,587,101) ..............(181,856,489) ................(33,735,984) ..................(8,861,702) 1.3 Bonds of affiliates............................................................................ ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 2.1 Preferred stocks (unaffiliated)......................................................... ...................1,030,190 ..................(1,673,809) .....................(643,619) .......................(53,046) ..................................0
DETAILS OF WRITE-INS 0901. Miscellaneous gains........................................................................ .................21,878,117 ..................................0 .................21,878,117 ..................................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 thru 0903 plus 0998) (Line 9 above)............... .................21,878,117 ..................................0 .................21,878,117 ..................................0 ..................................0
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............................................................................... ........................16,883 .................................0 ........................16,883 .................................0 .................................0 .................................0 .................................0 ...............................0 ...............................0 ...............................0 ...........................0 2. Deferred and accrued............................................................... ......................225,553 .................................0 ......................225,553 .................................0 .................................0 .................................0 .................................0 ...............................0 ...............................0 ...............................0 ...........................0 3. Deferred, accrued and uncollected:
10.1 Direct................................................................................ ............3,742,956,379 .................................0 .................16,874,028 ...............665,797,594 .................................0 ................(17,696,355) ............3,077,981,111 ...............................0 ...............................0 ...............................0 ...........................0 10.2 Reinsurance assumed..................................................... ......................889,867 .................................0 .................................0 ......................881,769 .................................0 .................................0 ..........................8,097 ...............................0 ...............................0 ...............................0 ...........................0 10.3 Reinsurance ceded.......................................................... ..................(5,558,955) .................................0 ...................2,670,349 .................47,702,531 .................................0 ................(55,931,836) .................................0 ...............................0 ...............................0 ...............................0 ...........................0 10.4 Net.................................................................................... ............3,749,405,200 .................................0 .................14,203,678 ...............618,976,832 .................................0 .................38,235,481 ............3,077,989,209 ...............................0 ...............................0 ...............................0 ...........................0
20.1 Direct................................................................................ ............4,584,864,009 .................................0 ...............237,741,238 ...............719,424,842 .................................0 ...............179,225,958 ............3,113,958,225 .............332,964,646 ...............................0 .................1,549,099 ...........................0 20.2 Reinsurance assumed..................................................... ...................3,198,490 .................................0 ...................2,300,717 ......................881,769 .................................0 .................................0 ..........................8,097 ........................7,907 ...............................0 ...............................0 ...........................0 20.3 Reinsurance ceded.......................................................... ...............475,722,824 .................................0 .................80,999,318 .................47,702,531 .................................0 .................91,138,396 .................................0 .............254,393,966 ...............................0 .................1,488,612 ...........................0 20.4 Net (Lines 9.4 + 10.4 + 19.4)........................................... ............4,112,339,675 .................................0 ...............159,042,636 ...............672,604,080 .................................0 .................88,087,562 ............3,113,966,322 ...............78,578,587 ...............................0 ......................60,487 ...........................0
10
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
DIVIDENDS AND COUPONS APPLIED (included in Part 1)
21. To pay renewal premiums.............................................. ..........................2,102 .................................0 ..........................2,102 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 ...............................0
23.1 Reinsurance ceded............................................... ...................3,775,945 .................................0 ...................1,078,642 .................................0 .................................0 ......................612,699 .................................0 ...................2,084,604 .................................0 .................................0 ...............................0
23.2 Reinsurance assumed........................................... .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 ...............................0
27. First year (other than single)........................................... .................10,353,978 .................................0 ...................8,591,938 .................................0 .................................0 .....................(322,565) .................................0 ...................2,084,604 .................................0 .................................0 ...............................0
31. Totals (to agree with Page 6, Line 21)........................... ...............249,764,863 .................................0 .................11,459,560 .................78,076,925 .................................0 ...................8,320,761 ...............110,763,162 .................41,144,455 .................................0 .................................0 ...............................0
11
1 Accident and Health 4 2 3 All Other Lines
Life Cost Containment All Other of Business Investment Total 1. Rent................................................................................................... ............3,494,093 ..........................0 .................93,197 ..............(128,638) ...............683,079 ............4,141,731 2. Salaries and wages........................................................................... ........222,566,498 ..........................0 ............5,932,518 ...........(8,107,450) ..........30,103,005 ........250,494,571
DETAILS OF WRITE-INS 09.301. ........................................................................................................... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 09.302. ........................................................................................................... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 09.303. ........................................................................................................... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 09.398. Summary of remaining write-ins for Line 9.3 from overflow page.... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 09.399. Totals (Lines 09.301 thru 09.303 plus 09.398)(Line 9.3 above)...... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0
(a) Includes management fees of $..........0 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 ...........................0 ...........................0 2. State insurance department licenses and fees............................................................. .............6,671,794 .............1,791,802 ................145,856 ...........................0 .............8,609,452 3. State taxes on premiums.............................................................................................. .............5,262,890 .............1,461,177 ................118,943 ...........................0 .............6,843,010 4. Other state taxes, including $...........0 for employee benefits...................................... ................507,854 ................141,000 ..................11,478 ...........................0 ................660,332 5. U.S. Social Security taxes............................................................................................. ...........................0 ...........................0 ...........................0 ...........................0 ...........................0 6. All other taxes................................................................................................................ .............1,335,358 ................431,286 ..................35,107 ................163,131 .............1,964,882 7. Taxes, licenses and fees incurred................................................................................ ...........13,777,896 .............3,825,265 ................311,384 ................163,131 ...........18,077,676 8. Taxes, licenses and fees unpaid December 31, prior year.......................................... ............(1,424,944) ...............(277,737) ....................5,929 ...........................0 ............(1,696,752) 9. Taxes, licenses and fees unpaid December 31, current year...................................... .............4,126,256 .............1,145,605 ..................93,254 ...........................0 .............5,365,115 10. Taxes, licenses and fees paid during year (Lines 7 + 8 - 9)......................................... .............8,226,696 .............2,401,923 ................224,059 ................163,131 ...........11,015,809
Life Accident and Health 1. Applied to pay renewal premiums.............................................................................................................................................................. ................................2,102 ........................................0 2. Applied to shorten the endowment or premium-paying period................................................................................................................. ........................................0 ........................................0 3. Applied to provide paid-up additions......................................................................................................................................................... .........................6,692,465 ........................................0 4. Applied to provide paid-up annuities......................................................................................................................................................... ........................................0 ........................................0 5. Total Lines 1 through 4.............................................................................................................................................................................. .........................6,694,567 ........................................0 6. Paid-in cash................................................................................................................................................................................................ .........................1,246,744 ........................................0 7. Left on deposit............................................................................................................................................................................................ ..............................22,401 ........................................0 8. Aggregate write-ins for dividend or refund options.................................................................................................................................... ............................229,307 ........................................0 9. Total Lines 5 through 8.............................................................................................................................................................................. .........................8,193,019 ........................................0 10. Amount due and unpaid............................................................................................................................................................................. ...................................363 ........................................0 11. Provision for dividends or refunds payable in the following calendar year............................................................................................... ............................488,746 ........................................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.......................................................................................................................................................................... ............................489,109 ........................................0 16. Total from prior year................................................................................................................................................................................... ............................457,712 ........................................0 17. Total dividends or refunds (Lines 9 + 15 - 16)........................................................................................................................................... .........................8,224,416 ........................................0
DETAILS OF WRITE-INS 0801. Dividends withdrawn.................................................................................................................................................................................. ............................229,307 ........................................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 thru 0803 plus 0898) (Line 8 above)............................................................................................................................ ............................229,307 ........................................0
12
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS 1 2 3 4 5 6
Credit (Group and
Life Insurance: 0100001. 80 CSO 6%, CRVM 85-86......................................................................................... ...........81,536,568 ...........................0 ...........81,536,568 ...........................0 ...........................0 0100002. 80 CSO 5.5%, CRVM 87-92...................................................................................... .........347,499,753 ...........................0 .........347,499,753 ...........................0 ...........................0 0100003. 80 CSO 5%, CRVM 93-94......................................................................................... .........137,180,414 ...........................0 .........137,180,414 ...........................0 ...........................0 0100004. 80 CSO 4.5%, CRVM, 95-NB.................................................................................... ....................2,007 ...........................0 ....................2,007 ...........................0 ...........................0 0100005. 80 CSO 4% from 1983 NLP...................................................................................... ...........14,973,028 ...........................0 ...........14,973,028 ...........................0 ...........................0 0100006. 80 CSO 4.0%, CRVM, 97-NB.................................................................................... ...........20,965,312 ...........................0 ...........13,238,035 ...........................0 .............7,727,277 0100007. 58 CSO 5.5% CRVM 87............................................................................................ .........439,882,004 ...........................0 ...........................0 ...........................0 .........439,882,004 0100008. 58 CSO 4.5% CRVM 85-91....................................................................................... .........732,181,484 ...........................0 ...........................0 ...........................0 .........732,181,484 0100009. 41 CSO 2.50% CRVM............................................................................................... ..................98,405 ...........................0 ..................98,405 ...........................0 ...........................0 0100010. 41 CSO 2.50% MOD CRVM NJ................................................................................ .............4,900,720 ...........................0 .............4,900,720 ...........................0 ...........................0 0100011. 41 CSO 2.50% NLP................................................................................................... ................311,837 ...........................0 ................311,837 ...........................0 ...........................0 0100012. 41 CSO 3.00% CRVM............................................................................................... .............3,356,599 ...........................0 .............3,356,599 ...........................0 ...........................0 0100013. 41 CSO 3.00% MOD CRVM NJ................................................................................ .............4,725,762 ...........................0 .............4,725,762 ...........................0 ...........................0 0100014. 41 CSO 3.00% NLP................................................................................................... ..................66,182 ...........................0 ..................66,182 ...........................0 ...........................0 0100015. 41 CSO 3.25% CRVM............................................................................................... ....................2,249 ...........................0 ....................2,249 ...........................0 ...........................0 0100016. 41 CSO 3.50% CRVM............................................................................................... ................123,627 ...........................0 ................123,627 ...........................0 ...........................0 0100017. 58 CET 2.50% CRVM................................................................................................ ..................24,399 ...........................0 ..................24,399 ...........................0 ...........................0 0100018. 58 CET 2.50% MOD CRVM NJ................................................................................. ..................64,355 ...........................0 ..................64,355 ...........................0 ...........................0 0100019. 58 CET 2.75% CRVM................................................................................................ ..................13,225 ...........................0 ..................13,225 ...........................0 ...........................0 0100020. 58 CET 2.75% NLP................................................................................................... ....................2,194 ...........................0 ....................2,194 ...........................0 ...........................0 0100021. 58 CET 3.00% CRVM................................................................................................ ................104,640 ...........................0 ................104,640 ...........................0 ...........................0 0100022. 58 CET 3.00% MOD CRVM IL.................................................................................. .......................244 ...........................0 .......................244 ...........................0 ...........................0 0100023. 58 CET 3.00% MOD CRVM NJ................................................................................. ................222,564 ...........................0 ................222,564 ...........................0 ...........................0 0100024. 58 CET 3.00% NLP................................................................................................... ..................34,834 ...........................0 ..................34,834 ...........................0 ...........................0 0100025. 58 CET 3.50% CRVM................................................................................................ ................175,418 ...........................0 ................175,418 ...........................0 ...........................0 0100026. 58 CET 3.50% MOD CRVM NJ................................................................................. ..................13,003 ...........................0 ..................13,003 ...........................0 ...........................0 0100027. 58 CET 4.00% CRVM................................................................................................ ................307,006 ...........................0 ................307,006 ...........................0 ...........................0 0100028. 58 CET 4.00% MOD CRVM NJ................................................................................. ..................13,893 ...........................0 ..................13,893 ...........................0 ...........................0 0100029. 58 CET 4.50% CRVM................................................................................................ ..................12,036 ...........................0 ..................12,036 ...........................0 ...........................0 0100030. 58 CSO 2.50% CRVM............................................................................................... ................633,691 ...........................0 ................633,691 ...........................0 ...........................0 0100031. 58 CSO 2.50% MOD CRVM NJ................................................................................ .............3,873,436 ...........................0 .............3,873,436 ...........................0 ...........................0 0100032. 58 CSO 2.50% NLP................................................................................................... ..................70,552 ...........................0 ..................70,552 ...........................0 ...........................0 0100033. 58 CSO 2.75% CRVM............................................................................................... ................116,251 ...........................0 ................116,251 ...........................0 ...........................0 0100034. 58 CSO 2.75% NLP................................................................................................... ................981,743 ...........................0 ................981,743 ...........................0 ...........................0 0100035. 58 CSO 3.00% CRVM............................................................................................... .............8,037,871 ...........................0 .............8,037,871 ...........................0 ...........................0 0100036. 58 CSO 3.00% MOD CRVM IL.................................................................................. ................362,222 ...........................0 ................362,222 ...........................0 ...........................0 0100037. 58 CSO 3.00% MOD CRVM NJ................................................................................ ...........28,500,202 ...........................0 ...........28,500,202 ...........................0 ...........................0 0100038. 58 CSO 3.00% NLP................................................................................................... .............2,080,320 ...........................0 .............2,080,320 ...........................0 ...........................0 0100039. 58 CSO 3.25% MOD CRVM NJ................................................................................ ................339,599 ...........................0 ................339,599 ...........................0 ...........................0 0100040. 58 CSO 3.25% NLP................................................................................................... ..................64,872 ...........................0 ..................64,872 ...........................0 ...........................0 0100041. 58 CSO 3.50% CRVM............................................................................................... .............6,711,527 ...........................0 .............6,711,527 ...........................0 ...........................0 0100042. 58 CSO 3.50% MOD CRVM NJ................................................................................ .............7,008,798 ...........................0 .............7,008,798 ...........................0 ...........................0 0100043. 58 CSO 3.50% NLP................................................................................................... .............1,396,760 ...........................0 .............1,396,760 ...........................0 ...........................0 0100044. 58 CSO 4.00% CRVM............................................................................................... ...........31,565,555 ...........................0 ...........31,565,555 ...........................0 ...........................0 0100045. 58 CSO 4.00% MOD CRVM IL.................................................................................. ..................81,974 ...........................0 ..................81,974 ...........................0 ...........................0 0100046. 58 CSO 4.00% MOD CRVM NJ................................................................................ .............1,412,527 ...........................0 .............1,412,527 ...........................0 ...........................0 0100047. 58 CSO 4.00% NLP................................................................................................... ................184,329 ...........................0 ................184,329 ...........................0 ...........................0 0100048. 58 CSO 4.25% CRVM............................................................................................... .........................79 ...........................0 .........................79 ...........................0 ...........................0 0100049. 58 CSO 4.50% CRVM............................................................................................... .............3,160,818 ...........................0 .............3,160,818 ...........................0 ...........................0 0100050. 58 CSO 4.50% NLP................................................................................................... ..................10,461 ...........................0 ..................10,461 ...........................0 ...........................0 0100051. 58 CSO 5.50% CRVM............................................................................................... ................853,774 ...........................0 ................853,774 ...........................0 ...........................0 0100052. 58 CSO 5.50% NLP................................................................................................... ....................6,848 ...........................0 ....................6,848 ...........................0 ...........................0 0100053. 58 CSO 6.00% NLP................................................................................................... ..................13,033 ...........................0 ..................13,033 ...........................0 ...........................0 0100054. 80 CET 4.50% CRVM................................................................................................ ................616,679 ...........................0 ................616,679 ...........................0 ...........................0 0100055. 80 CET 5.00% CRVM................................................................................................ ..................36,868 ...........................0 ..................36,868 ...........................0 ...........................0 0100056. 80 CET 5.50% CRVM................................................................................................ ................147,378 ...........................0 ................147,378 ...........................0 ...........................0 0100057. 80 CET 5.50% NLP................................................................................................... ..................27,170 ...........................0 ..................27,170 ...........................0 ...........................0 0100058. 80 CSO 3.00% CRVM............................................................................................... .............6,230,915 ...........................0 .............6,230,915 ...........................0 ...........................0 0100059. 80 CSO 3.50% CRVM............................................................................................... .............1,052,959 ...........................0 .............1,052,959 ...........................0 ...........................0 0100060. 80 CSO 4.00% CRVM............................................................................................... .........106,040,543 ...........................0 .........106,040,543 ...........................0 ...........................0 0100061. 80 CSO 4.50% CRVM............................................................................................... .........561,672,662 ...........................0 .........561,538,256 ...........................0 ................134,406 0100062. 80 CSO 5.00% CRVM............................................................................................... .........500,894,239 ...........................0 .........499,117,392 ...........................0 .............1,776,847 0100063. 80 CSO 5.50% CRVM............................................................................................... .........299,391,214 ...........................0 .........298,860,813 ...........................0 ................530,401 0100064. 80 CSO 5.50% NLP................................................................................................... ................614,157 ...........................0 ................614,157 ...........................0 ...........................0 0100065. 80 CSO 6.00% CRVM............................................................................................... .............4,935,776 ...........................0 .............4,935,776 ...........................0 ...........................0 0100066. 80 CSO 6.00% NLP................................................................................................... ....................3,706 ...........................0 ....................3,706 ...........................0 ...........................0 0100067. 2001 CSO 3.00% CRVM........................................................................................... ................268,675 ...........................0 ................268,675 ...........................0 ...........................0 0100068. 2001 CSO 4.00% CRVM........................................................................................... .........188,323,340 ...........................0 .........188,323,340 ...........................0 ...........................0 0100069. 2001 CSO 4.50% CRVM........................................................................................... ...........12,301,965 ...........................0 ...........12,301,965 ...........................0 ...........................0 0100070. AE 3.00% NLP........................................................................................................... ................553,577 ...........................0 ................553,577 ...........................0 ...........................0 0100071. AE 3.50% MOD CRVM IL.......................................................................................... ................375,985 ...........................0 ................375,985 ...........................0 ...........................0 0100072. AE 3.50% NLP........................................................................................................... ................454,212 ...........................0 ................454,212 ...........................0 ...........................0
12.1
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS 1 2 3 4 5 6
Credit (Group and
0100073. 80 CSO 4.25% CRVM............................................................................................... ................848,462 ...........................0 ...........................0 ...........................0 ................848,462 0100074. 80 CSO 4.5% CRVM................................................................................................. .............5,121,429 ...........................0 ...........................0 ...........................0 .............5,121,429 0100075. 80 CSO 4.75% CRVM............................................................................................... .............8,741,239 ...........................0 ...........................0 ...........................0 .............8,741,239 0100076. 80 CSO 5.00% CRVM............................................................................................... ................572,154 ...........................0 ...........................0 ...........................0 ................572,154 0100077. 80 CSO 5.25% CRVM............................................................................................... ..................83,596 ...........................0 ...........................0 ...........................0 ..................83,596 0100078. 1960 CSG 3%............................................................................................................ .............2,457,294 ...........................0 ...........................0 ...........................0 .............2,457,294 0100079. 71 GAM 6.5%............................................................................................................. ................792,880 ...........................0 ...........................0 ...........................0 ................792,880 0100080. 71 GAM 7.5%............................................................................................................. ..................29,100 ...........................0 ...........................0 ...........................0 ..................29,100 0100081. 71 GAM 7.75%........................................................................................................... ..................14,844 ...........................0 ...........................0 ...........................0 ..................14,8

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