66915 NEW YORK LIFE INSURANCE COMPANY PrintBooks Statement
ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
ASSETS
1. Bonds (Schedule D)
2. Stocks (Schedule D):
2.1 Preferred stocks
2.2 Common stocks
3. Mortgage loans on real estate (Schedule B):
3.1 First liens
3.2 Other than first liens
4. Real estate (Schedule A):
4.1 Properties occupied by the company (less $
encumbrances)
4.2 Properties held for the production of income (less
$
(340,825,713) encumbrances)
4.3 Properties held for sale (less $
encumbrances)
5. Cash ($
(174,427,028) , Schedule E - Part 1), cash equivalents
($
2,993,820,782 , Schedule E - Part 2) and short-term
investments ($
15,621,072 , Schedule DA)
6. Contract loans (including $
0 premium notes)
7. Derivatives (Schedule DB)
8. Other invested assets (Schedule BA)
9. Receivables for securities
10. Securities lending reinvested collateral assets (Schedule DL)
11. Aggregate write-ins for invested assets
12. Subtotals, cash and invested assets (Lines 1 to 11)
13. Title plants less $
charged off (for Title insurers
only)
14. Investment income due and accrued
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection
15.2 Deferred premiums and agents' balances and installments booked but
deferred and not yet due (including $
earned but unbilled premiums)
15.3 Accrued retrospective premiums ($
) and
contracts subject to redetermination ($
)
16. Reinsurance:
16.1 Amounts recoverable from reinsurers
16.2 Funds held by or deposited with reinsured companies
16.3 Other amounts receivable under reinsurance contracts
17. Amounts receivable relating to uninsured plans
18.1 Current federal and foreign income tax recoverable and interest thereon
18.2 Net deferred tax asset
19. Guaranty funds receivable or on deposit
20. Electronic data processing equipment and software
21. Furniture and equipment, including health care delivery assets
($
)
22. Net adjustment in assets and liabilities due to foreign exchange rates
23. Receivables from parent, subsidiaries and affiliates
24. Health care ($
) and other amounts receivable
25. Aggregate write-ins for other than invested assets
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25)
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts
28. Total (Lines 26 and 27)
1
Assets
106,076,790,232
Current Year 2
Nonadmitted Assets
3 Net Admitted Assets
(Cols. 1 - 2)
106,076,790,232
65,090,535 10,252,633,292
65,090,535 10,252,633,292
16,456,480,729 1,097,123,538
16,456,480,729 1,097,123,538
265,375,273 1,220,481,846
163,200
265,375,273 1,220,481,846
163,200
2,835,014,826 11,210,150,479
648,426,440 9,674,059,981
3,191,281
86,646,519 159,891,628,171
1,653,964 93,369,985
95,023,949
2,835,014,826 11,208,496,515
648,426,440 9,580,689,996
3,191,281
86,646,519 159,796,604,222
1,493,738,685 227,661,883
5,545,755
1,493,738,685 222,116,128
1,715,454,825
1,715,454,825
50,681,889 20,937,397
50,681,889 20,937,397
1,490,774,176 5,640,695
449,494,576
208,814,436
70,680,131 31,861,282 5,444,265,791
171,101,633,937
10,453,433,567 181,555,067,504
414,546,771 208,814,436
31,861,282 763,050,934 1,518,843,127
1,518,843,127
1,490,774,176 5,640,695 34,947,805
70,680,131 4,681,214,857 169,582,790,810 10,453,433,567 180,036,224,377
DETAILS OF WRITE-INS
1101. 1102. 1103. 1198. 1199. 2501. 2502. 2503. 2598. 2599.
Derivatives-collateral assets Investment receivable
Summary of remaining write-ins for Line 11 from overflow page Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
Amounts receivable on corporate owned life insurance Interest in annuity contracts Unearned reinsurance premium recoverable
Summary of remaining write-ins for Line 25 from overflow page Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)
86,646,519
86,646,519
86,646,519 4,390,318,240
145,260,205 76,750,068 831,937,278 5,444,265,791
763,050,934 763,050,934
86,646,519 4,390,318,240
145,260,205 76,750,068 68,886,344 4,681,214,857
Prior Year 4
Net Admitted Assets
98,176,054,937
70,678,440 10,736,656,403
14,530,685,038 1,145,044,201
246,446,127
1,277,706,426
215,968
2,420,436,061 10,876,789,036
586,797,630 9,456,949,169
16,265,272
95,188,134 149,635,912,842
1,285,130,050
260,513,581
1,689,713,482
19,226,586 4,014,885,328
29,688,665
386,917,534 1,092,975,561
7,247,807 26,632,690
322,196,590
4,640,725,508 163,411,766,224 13,353,781,465 176,765,547,689
94,743,808 444,326
95,188,134 4,343,004,085
149,260,246 73,554,597 74,906,580 4,640,725,508
2
ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
LIABILITIES, SURPLUS AND OTHER FUNDS
1. Aggregate reserve for life contracts $
105,378,661,292 (Exh. 5, Line 9999999) less $
included in Line 6.3 (including $
449,330,686 Modco Reserve)
2. Aggregate reserve for accident and health contracts (including $
503,177,819 Modco Reserve)
3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $
Modco Reserve)
4. Contract claims:
4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11)
4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11)
5. Policyholders' dividends $
21,786,543 and coupons $
due and unpaid (Exhibit 4,
Line 10)
6. Provision for policyholders' dividends and coupons payable in following calendar year - estimated amounts:
6.1 Dividends apportioned for payment (including $
132,777 Modco)
6.2 Dividends not yet apportioned (including $
Modco)
6.3 Coupons and similar benefits (including $
Modco)
7. Amount provisionally held for deferred dividend policies not included in Line 6
8. Premiums and annuity considerations for life and accident and health contracts received in advance less
$
70,405 discount; including $
1,894,248 accident and health premiums (Exhibit 1,
Part 1, Col. 1, sum of lines 4 and 14)
9. Contract liabilities not included elsewhere:
9.1 Surrender values on canceled contracts
9.2 Provision for experience rating refunds, including the liability of $
accident and health
experience rating refunds of which $
is for medical loss ratio rebate per the Public Health
Service Act 9.3 Other amounts payable on reinsurance, including $
ceded 9.4 Interest maintenance reserve (IMR, Line 6)
36,290,000 assumed and $
5,376,292
10. Commissions to agents due or accrued-life and annuity contracts $
15,560,166 accident and health
$
3,455,674 and deposit-type contract funds $
11. Commissions and expense allowances payable on reinsurance assumed
12. General expenses due or accrued (Exhibit 2, Line 12, Col. 6)
13. Transfers to Separate Accounts due or accrued (net) (including $
0 accrued for expense
allowances recognized in reserves, net of reinsured allowances)
14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5)
15.1 Current federal and foreign income taxes, including $
0 on realized capital gains (losses)
15.2 Net deferred tax liability
16. Unearned investment income
17. Amounts withheld or retained by company as agent or trustee
18. Amounts held for agents' account, including $
32,199,660 agents' credit balances
19. Remittances and items not allocated
20. Net adjustment in assets and liabilities due to foreign exchange rates
21. Liability for benefits for employees and agents if not included above
22. Borrowed money $
500,534,271 and interest thereon $
0
23. Dividends to stockholders declared and unpaid
24. Miscellaneous liabilities:
24.01 Asset valuation reserve (AVR, Line 16, Col. 7)
24.02 Reinsurance in unauthorized and certified ($
) companies
24.03 Funds held under reinsurance treaties with unauthorized and certified ($ 24.04 Payable to parent, subsidiaries and affiliates 24.05 Drafts outstanding 24.06 Liability for amounts held under uninsured plans
) reinsurers
24.07 Funds held under coinsurance
24.08 Derivatives 24.09 Payable for securities 24.10 Payable for securities lending 24.11 Capital notes $
and interest thereon $
25. Aggregate write-ins for liabilities
26. Total liabilities excluding Separate Accounts business (Lines 1 to 25)
27. From Separate Accounts Statement
28. Total liabilities (Lines 26 and 27)
29. Common capital stock
30. Preferred capital stock 31. Aggregate write-ins for other than special surplus funds 32. Surplus notes 33. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)
34. Aggregate write-ins for special surplus funds
35. Unassigned funds (surplus)
36. Less treasury stock, at cost:
36.1
shares common (value included in Line 29 $
)
36.2
shares preferred (value included in Line 30 $
)
37. Surplus (Total Lines 31+32+33+34+35-36) (including $ 38. Totals of Lines 29, 30 and 37 (Page 4, Line 55)
0 in Separate Accounts Statement)
39. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)
2501. 2502. 2503. 2598. 2599.
DETAILS OF WRITE-INS
Special reserves on certain group policies Unfunded pension obligations for employees and agents Derivatives-collateral liability
Summary of remaining write-ins for Line 25 from overflow page Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)
3101. 3102. 3103. 3198.
Summary of remaining write-ins for Line 31 from overflow page
3199. Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)
3401. 3402.
3403.
3498. Summary of remaining write-ins for Line 34 from overflow page 3499. Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)
1 Current Year
105,378,661,292 4,137,322,339 21,908,898,645
718,673,049 28,494,049
21,786,543
1,889,118,718
97,743,779
41,666,292 534,590,044
19,015,840 3,784,000 2,065,155,417
2,162,776 29,209,446 40,671,969
580,299 1,116,692,470
32,199,660 254,116,621 34,030,962 338,139,997 500,534,271
2,593,993,510 3,710,856
32,568,668
4,047,937,587 342,123,114 104,299,843 652,922,650
1,605,515,738 148,576,320,444 10,453,433,567 159,029,754,011
1,993,633,128
19,012,837,238
21,006,470,366 21,006,470,366 180,036,224,377
447,425,937 367,376,067 321,060,668 469,653,066 1,605,515,738
2 Prior Year
103,309,080,415 3,892,245,008 17,922,307,444
761,892,659 23,954,707
23,911,076
1,873,399,765
91,084,956
29,349,017
53,157,625 657,538,647
17,784,844 14,281,763 2,027,669,145
4,321,707 22,074,474 2,138,904
2,193,540 1,054,531,210
29,616,147 282,029,077 26,614,626 363,041,001 496,476,848
2,651,609,526 1,144,062
37,051,781
4,227,539,196 322,903,145 323,355,607 678,959,507
1,831,558,399 143,054,815,828 13,353,781,465 156,408,597,293
1,993,230,795
18,363,719,601
20,356,950,396 20,356,950,396 176,765,547,689
345,527,386 574,171,210 328,700,964 583,158,839 1,831,558,399
3
ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
SUMMARY OF OPERATIONS
1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1, less Col. 11)
2. Considerations for supplementary contracts with life contingencies
3. Net investment income (Exhibit of Net Investment Income, Line 17)
4. Amortization of Interest Maintenance Reserve (IMR, Line 5)
5. Separate Accounts net gain from operations excluding unrealized gains or losses
6. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)
7. Reserve adjustments on reinsurance ceded
8. Miscellaneous Income:
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts
8.2 Charges and fees for deposit-type contracts
8.3 Aggregate write-ins for miscellaneous income
9. Total (Lines 1 to 8.3)
10. Death benefits
11. Matured endowments (excluding guaranteed annual pure endowments)
12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8)
13. Disability benefits and benefits under accident and health contracts
14. Coupons, guaranteed annual pure endowments and similar benefits
15. Surrender benefits and withdrawals for life contracts
16. Group conversions
17. Interest and adjustments on contract or deposit-type contract funds
18. Payments on supplementary contracts with life contingencies
19. Increase in aggregate reserves for life and accident and health contracts
20. Totals (Lines 10 to 19)
21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1)
22. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)
23. General insurance expenses (Exhibit 2, Line 10, Cols. 1, 2, 3 and 4)
24. Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3)
25. Increase in loading on deferred and uncollected premiums
26. Net transfers to or (from) Separate Accounts net of reinsurance
27. Aggregate write-ins for deductions
28. Totals (Lines 20 to 27)
29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)
30. Dividends to policyholders
31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)
32. Federal and foreign income taxes incurred (excluding tax on capital gains)
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)
34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
$
(28,886,725) (excluding taxes of $
(5,914,372) transferred to the IMR)
35. Net income (Line 33 plus Line 34)
CAPITAL AND SURPLUS ACCOUNT
36. Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)
37. Net income (Line 35)
38. Change in net unrealized capital gains (losses) less capital gains tax of $
13,086,272
39. Change in net unrealized foreign exchange capital gain (loss)
40. Change in net deferred income tax
41. Change in nonadmitted assets
42. Change in liability for reinsurance in unauthorized and certified companies
43. Change in reserve on account of change in valuation basis, (increase) or decrease
44. Change in asset valuation reserve
45. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)
46. Surplus (contributed to) withdrawn from Separate Accounts during period
47. Other changes in surplus in Separate Accounts Statement
48. Change in surplus notes
49. Cumulative effect of changes in accounting principles
50. Capital changes:
50.1 Paid in
50.2 Transferred from surplus (Stock Dividend)
50.3 Transferred to surplus
51. Surplus adjustment:
51.1 Paid in
51.2 Transferred to capital (Stock Dividend)
51.3 Transferred from capital
51.4 Change in surplus as a result of reinsurance
52. Dividends to stockholders
53. Aggregate write-ins for gains and losses in surplus
54. Net change in capital and surplus for the year (Lines 37 through 53)
55. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)
DETAILS OF WRITE-INS
08.301. Sundries 08.302. Adjustment in funds withheld
08.303.
08.398. Summary of remaining write-ins for Line 8.3 from overflow page
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)
2701. Adjustment in funds withheld 2702. Change in special reserves on certain group policies 2703. Interest on benefit plans for employees and agents
2798. Summary of remaining write-ins for Line 27 from overflow page
2799. Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)
5301. Change in overfunded pension plan asset 5302. Change in liability for pension benefits 5303. Change in liability for postretirement benefits
5398. Summary of remaining write-ins for Line 53 from overflow page
5399. Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)
1 Current Year
17,084,340,532 817,722
7,234,101,063 103,636,530
36,025,357 (91,433,574)
35,374,913 37,780,323 (3,810,779,938) 20,629,862,928 3,939,870,210 17,948,714 1,279,577,153 256,554,689
7,885,886,698 18,744,041 476,034,332 6,401,690
2,079,033,291 15,960,050,818
507,865,282 39,829,966 2,496,849,460 246,836,997 (4,320,654) (1,706,085,016) 271,272,123 17,812,298,976 2,817,563,952 1,974,316,854 843,247,098 (441,825,325)
1,285,072,423
(74,713,710) 1,210,358,713
20,356,950,396 1,210,358,713 (500,467,242)
(49,884,679) (92,922,231) (208,995,148) (2,566,793) (235,624,931) 57,616,016
402,333
471,603,932 649,519,970 21,006,470,366
75,122,530 (3,885,902,468)
(3,810,779,938) 149,179,520 101,898,550 10,259,103 9,934,950 271,272,123 225,655,857 206,795,143 41,243,651 (2,090,719) 471,603,932
2 Prior Year
15,070,047,907 928,840
6,603,475,767 104,765,354
35,359,752 (70,849,471)
12,048,147 72,209,702 505,267,141 22,333,253,139 3,944,277,989 17,890,571 1,215,286,229 241,353,325
6,548,627,203 19,252,233 364,858,711 4,052,862
4,600,376,591 16,955,975,714
488,358,468 105,023,091 2,338,094,448 230,759,103
7,653,355 (981,483,203) 281,918,542 19,426,299,518 2,906,953,621 1,958,311,333 948,642,288 (622,079,846)
1,570,722,134
(90,858,697) 1,479,863,437
20,107,561,106 1,479,863,437
896,067,511 (53,350,746) (1,522,871,560) 412,892,521
1,304,576 (313,809,431) (476,142,030)
(8,050,052) (5,874,558)
402,333
(161,042,710) 249,389,291 20,356,950,396
316,760,396 188,506,745
505,267,141 157,706,789 38,846,137 67,491,838 17,873,778 281,918,542 (701,788,305) 636,769,457 (94,204,889) (1,818,973) (161,042,710)
4
ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
CASH FLOW
1
2
Cash from Operations
1. Premiums collected net of reinsurance
2. Net investment income
3. Miscellaneous income
4. Total (Lines 1 through 3)
5. Benefit and loss related payments
6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts
7. Commissions, expenses paid and aggregate write-ins for deductions
8. Dividends paid to policyholders
9. Federal and foreign income taxes paid (recovered) net of $
13,667,446 tax on capital gains (losses)
10. Total (Lines 5 through 9)
11. Net cash from operations (Line 4 minus Line 10)
Current Year
Prior Year
17,086,835,311 6,300,993,097
248,841,013 23,636,669,421 13,672,729,169 (1,702,385,477) 2,747,644,933 1,963,744,030
(862,800,466) 15,818,932,189 7,817,737,232
14,996,705,331 6,232,706,103
448,595,007 21,678,006,441 12,219,315,598
(991,191,870) 2,684,601,461 1,938,012,180 (196,823,590) 15,653,913,779 6,024,092,662
Cash from Investments 12. Proceeds from investments sold, matured or repaid:
12.1 Bonds 12.2 Stocks 12.3 Mortgage loans 12.4 Real estate 12.5 Other invested assets 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments 12.7 Miscellaneous proceeds 12.8 Total investment proceeds (Lines 12.1 to 12.7) 13. Cost of investments acquired (long-term only): 13.1 Bonds 13.2 Stocks 13.3 Mortgage loans 13.4 Real estate 13.5 Other invested assets 13.6 Miscellaneous applications 13.7 Total investments acquired (Lines 13.1 to 13.6) 14. Net increase (decrease) in contract loans and premium notes 15. Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)
14,093,937,742 1,150,532,049 1,986,556,844
181,716,102 1,549,290,000
297,142 10,374,118 18,972,703,997
13,202,303,882 1,119,787,457 1,679,532,270
27,837,770 1,308,062,695
2,989,180 (192,223,300) 17,148,289,954
21,839,619,964 1,253,547,697 3,880,701,427
24,892,865 1,959,974,677
209,643,186 29,168,379,816
332,014,846 (10,527,690,665)
17,658,795,303 1,331,982,436 2,542,208,714
401,081,096 1,545,450,864
23,479,518,413 280,523,405
(6,611,751,864)
Cash from Financing and Miscellaneous Sources 16. Cash provided (applied):
16.1 Surplus notes, capital notes 16.2 Capital and paid in surplus, less treasury stock 16.3 Borrowed funds 16.4 Net deposits on deposit-type contracts and other insurance liabilities
16.5 Dividends to stockholders 16.6 Other cash provided (applied) 17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)
4,057,423 3,729,110,300
(6,751,150) 1,106,334,825
(608,635,525) 3,124,532,198
(1,080,442,304) 19,141,371
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)
19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year
19.2 End of year (Line 18 plus Line 19.1)
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Transfer/exchange of bond investment to bond investment 20.0002. Depreciation/amortization on fixed assets 20.0003. Transfer of other invested assets to real estate 20.0004. Transfer between other invested assets 20.0005. Capitalized interest on bonds/payment in kind 20.0006. Transfer of equity to charitable organizations 20.0007. Transfer of bonds to other invested assets 20.0008. Capital contribution to affiliated other invested asset 20.0009. Merger/spinoff/exchange/conversion/transfer of equity investment to equity investment 20.0010. Exchange/conversion of bond investment to equity investment 20.0011. Low income housing tax credit future commitments 20.0012. Other invested assets stock distribution 20.0013. Transfer of bond to short term investment
414,578,765
2,420,436,061 2,835,014,826
(568,517,831)
2,988,953,892 2,420,436,061
733,440,659 202,640,520 158,124,184 142,224,663 115,179,362 100,001,341 86,590,903 37,608,758 26,778,594 16,619,167
9,412,579 3,571,164 3,466,929
651,783,750 154,259,173
128,529,986 114,999,323 15,000,117 27,766,643
40,313,819 48,812,479 20,649,512 2,639,520
5
ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0014. Capitalized deferred interest on mortgage loans 20.0015. Dividend reinvestment of equities/payment in kind 20.0016. Transfer of equity investment to other invested asset 20.0017. Transfer from real estate to other invested assets 20.0018. Bond to be announced commitments-purchased/sold 20.0019. Transfer of mortgage loan to other invested assets 20.0020. Dividend distribution from affiliated other invested asset
1,494,914 602,300 321,758
20,164,865 172,204
392,536,599 212,038,773 38,188,318
9,843,881
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ANNUAL STATEMENT FOR THE YEAR 2018 OF THE NEW YORK LIFE INSURANCE COMPANY
ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR
1 Total
2 Industrial Life
3 Life Insurance
Ordinary 4
Individual Annuities
5 Supplementary
Contracts
6
Credit Life (Group and Individual)
Group 7
Life Insurance
8 Annuities
Involving Life or Disability Contingencies (Reserves)
(Net of Reinsurance Ceded)
7
1. Reserve December 31, prior year 2. Tabular net premiums or considerations 3. Present value of disability claims incurred 4. Tabular interest 5. Tabular less actual reserve released 6. Increase in reserve on account of change in valuation basis 6.1 Change in excess of VM-20 deterministic/stochastic reserve over net premium reserve 7. Other increases (net) 8. Totals (Lines 1 to 7) 9. Tabular cost 10. Reserves released by death 11. Reserves released by other terminations (net) 12. Annuity, supplementary contract and disability payments involving life contingencies 13. Net transfers to or (from) Separate Accounts 14. Total Deductions (Lines 9 to 13) 15. Reserve December 31, current year
103,309,080,416 15,677,205,246
21,987,453 4,164,814,769
(14,173,478) 38,876,289
XXX
(3,670,895,273) 119,526,895,422
4,291,294,131 1,285,262,762 2,404,755,192 6,791,518,788 (624,596,744) 14,148,234,129 105,378,661,293
75,711,880,573 7,086,187,976
21,239,639 2,962,137,850
1,869,867
8,424,540,298 243,869,657
434,395,632 (29,849,599)
10,582,414 752,304
XXX
260,469 4,888,393
XXX
XXX
XXX
(4,138,166,977)
200,000,000
81,645,148,929
9,272,955,988
16,483,580
3,325,025,547
XXX
1,138,022,229
XXX
XXX
2,223,189,739
1,205,185
37,151,186
540,519,528
6,401,690
6,723,388,701 74,921,760,228
541,724,713 8,731,231,275
6,401,690 10,081,890
3,120,444,682 1,366,349,808
747,814 141,197,317
2,357,296 32,876,289
XXX
288,499,710 4,952,472,916
966,268,584 147,240,533 180,360,268
6,756,920
1,300,626,305 3,651,846,611
16,041,632,449 6,980,045,500
626,823,500 6,560,565 6,000,000
XXX
(21,228,006) 23,639,834,009
XXX
6,200,689,464 (624,596,744) 5,576,092,720 18,063,741,289
................
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