Mutual of Omaha 2014 Financial Review. Laura Fender Senior Vice President, Enterprise Reporting and Analysis
|
|
- Maximilian Lewis
- 7 years ago
- Views:
Transcription
1 Mutual of Omaha 2014 Financial Review Laura Fender Senior Vice President, Enterprise Reporting and Analysis April 10, 2015
2 Forward-Looking Statements This document contains certain forward-looking statements about Mutual of Omaha Insurance Company and certain of its subsidiaries (collectively, the Company ). Forward-looking statements include, but are not limited to, statements that represent the Company s beliefs concerning future operations, strategies, financial results or other developments with respect to the Company, and contain words and phrases such as may, expects, should or similar expressions in this document. Forward-looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ materially from those in any forwardlooking statement as a result of various factors. The following uncertainties, among others, may have such an effect: continued difficult conditions in the global capital markets and the economy; sustained periods of low interest rates or a sudden spike in interest rates; declining or volatile residential mortgage-backed securities values due to prepayment risks; adverse regulatory developments, including those resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act, limitations on premium levels, mandated benefits, increases in minimum capital and reserves, and other financial viability requirements; adverse credit market conditions; significant market valuation fluctuations of certain of the Company s investments that are relatively illiquid; difficulties as to valuation of securities in the Company s investment portfolio; exposure to below investment grade bonds; defaults on mortgage loans held by the Company; exposure to certain specific asset classes, including commercial and residential mortgage-backed securities, real estate and alternative investments; declines in the performance or valuation of real estate properties owned by the Company; heightened competition in the insurance or banking business, including, specifically, the intensification of price competition, the entry of new competitors and the development of new products by new and existing competitors; downgrades or potential downgrades in the Company s ratings; the sensitivity of the amount of statutory capital the Company must hold to factors outside the Company s control; subjectivity in determining the amount of allowances and impairments taken on certain of the Company s investments; changes in the federal Medicare program and other adverse regulatory developments, including those resulting from the recently enacted Patient Protection and Affordable Care Act, that could adversely affect the demand for the Company s Medicare supplement insurance policies or the Company s competitive position in the Medicare supplement marketplace; impact on the Company s reported statutory surplus or net income that could result from the adoption of certain accounting standards issued by the National Association of Insurance Commissioners or pursuant to applicable laws and regulations; impact on the Company s reported GAAP equity or net income that could result from the adoption of the requirements of certain accounting pronouncements issued by authoritative bodies; tax law changes impacting the tax treatment of insurance and investment products; repeal of the federal estate tax; uncertainty as to the price and availability of reinsurance on business the Company currently writes or intends to write in the future; adequacy and recoverability of reinsurance that the Company has purchased; the failure of the Company s distribution channels to obtain new customers or retain existing customers; deviations from assumptions regarding persistency, mortality, or morbidity; losses due to the financial impairment of, or defaults by, others, including bank borrowers, issuers of investment securities or reinsurance and derivative instrument counterparties; deviations from assumptions regarding future mortality, morbidity and interest rates used in calculating reserve amounts and pricing our products; requirements to post collateral or make payments related to declines in market value of specified assets, and possible declines in the value of securities available for posting as collateral; unanticipated losses resulting from the Company s stable value wrap program; accelerated amortization of deferred acquisition costs; adverse results relating to the mixed-use real estate development adjacent to the Company s home office property; regulatory restrictions, financial viability and other risks in connection with the Company s ownership of Mutual of Omaha Bank; liquidity and other risks in connection with the Company s securities lending program; impact of international tension between the United States and other nations, terrorist attacks, and ongoing military and other actions, or a large scale pandemic; changes in tax laws and the interpretation thereof; litigation and regulatory investigations; and a computer system failure or security breach. Consequently, such forward-looking statements should be regarded solely as the Company s current plans, estimates and beliefs. The Company does not intend to undertake, and does not undertake, any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements. All subsequent written and oral forward-looking information attributable to the Company or any person acting on its behalf is expressly qualified in its entirety by the cautionary statements contained or referred to in this section. The information contained in this document is accurate only as of the date of this document regardless of the time of delivery. 2
3 Organization and Ratings Mutual of Omaha Insurance Company (Parent) United of Omaha Life Insurance Company Companion Life Insurance Company United World Life Insurance Company Omaha Financial i Other Small Holdings, Inc. Affiliates Financial Strength Ratings A.M. Best A+ (Superior) Moody s A1 (Good) Standard & Poor s A+ (Strong) Short-term Ratings Moody s P-1 (Prime-1, Superior) Standard & Poor s A-1+ (Extremely Strong) Three Primary Pi Strategic t Business Units (SBUs) Individual Financial Services (IFS) Group Benefit Services (GBS) Bank 3
4 GAAP Consolidated Assets and Equity For the Years Ended December 31, In Millions of Dollars 35,000 30,000 25,000 26,907 Assets 30,908 29,198 32,234 34,481 5,000 4,000 4,273 4,359 Equity 4,602 4,734 5,140 20,000 3,000 15,000 2,000 10,000 5,000 1,000 4
5 GAAP Results For the Years Ended December 31, In Millions of Dollars Operating Income 400 Net Income Operating income excludes $28.6 million and $4.0 million income from the stop loss sale in 2010 and 2011, respectively has not been restated to reflect the impact of adopting EITF 09G. 5
6 Consolidated GAAP Revenue For the Year Ended December 31, 2014 GBS Bank Corporate Retirement 4% 1% Plans GBS Benefit 8% Solutions 14% IFS Med supp 40% IFS Other 4% IFS Annuity 3% IFS Life 21% IFS LTC 5% 2014 Revenues $6.8 Billion 6
7 Statutory Operating Results For the Years Ended December 31, In Millions of Dollars (50) (100) (150) (22) (138) 7
8 Statutory Surplus and Consolidated Risk-Based Capital For the Years Ended December 31, , % (In Million ns of Dollars s) 2,900 2,700 2,500 2,300 2,100 1,900 1,700 2, % 2,315 2, % 450% 2,796 2, % 484% 900% 800% 700% 600% 500% 400% 300% 200% 100% ercent) (P 1,500 0% Surplus Consolidated RBC 8
9 United of Omaha Statutory Results 9
10 United of Omaha Statutory Operating Results For the Years Ended d December 31, (In Millions of Dollars) Premiums and Annuity Considerations $2,713 $3,428 $3,466 $3,167 Net Investment Income and IMR Amortization Other Income Total Income 3,574 4,236 4,242 3,924 Commissions, Operating Expenses and Insurance Taxes 3,389 4,149 4,266 4,121 Net Gain (Loss) Before Federal Income Taxes (24) (197) Federal Income Tax (Benefit) 2 1 (3) (1) Net Gain (Loss) From Operations (21) (196) Net Realized Capital Losses (19) (16) (10) (11) Net Gain (Loss) $ 164 $ 70 $ (31) $ (207) 10
11 United of Omaha Statutory Operating Results For the Years Ended December 31, (In Millions of Dollars) Health $ 115 $ 61 $ (57) $ (197) Life (16) (44) (12) (27) Annuity Other 24 (5) (22) (39) Net income (loss) before federal income taxes $ 185 $ 87 $ (24) $ (197) 11
12 United of Omaha Statutory Premium For the Years Ended d of December 31, ,000 3,500 3,167 3,466 3,428 (In Millio ons of Dollars) 3,000 2,500 2,000 2,448 2,713 Medicare supplement sales began in 2008, new business is reinsured with Mutual beginning in 2013 In 2014 premiums of $840M were 1,500 ceded to a captive reinsurance subsidiary under a 3X/A3X reserve 1,000 financing i transactionti
13 United of Omaha Statutory Operating Results For the Years Ended December 31, (In Millions of Dollars) 20,000 Assets 1,500 Surplus 17,500 15,000 12,500 15,120 15,738 16, ,122 18,787 1,250 1,000 1,210 1,036 1,027 1,227 1,423 10, , ,000 2,
14 United of Omaha Statutory Surplus and Risk-Based Capital For the Years Ended December 31, ons of Dolla ars) (In Milli 1,600 1,400 1,200 1, , % 1,036 1, % 333% 1, % 1, % 700% 600% 500% 400% 300% 200% % - 0% Surplus RBC 14
15 A3X 3X Financing Overview 2014 Deal April 1, 2014 Agreement amended to cede additional Term life insurance business and Universal Life business. Increased United s surplus $117M. Increased United s RBC Ratio by 34 bps to 420% and increased the Consolidated RBC Ratio by 19 bps to 509% at 4/1/2014 Impact / Result Inception to date surplus impact is $275M 15
16 Companion 16
17 Companion Statutory Operating Results, Surplus & RBC For the Years Ending December 31, (In Millions of Dollars) Operating Results Surplus and Risk Based Capital $10 $5 $0 ($5) (3) $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 522% 485% 367% 301% 244% % 500% 400% 300% 200% 100% 0% Surplus RBC 17
Forward Looking Statements 2. Condensed Consolidated Financial Statements
Mutual of Omaha Insurance Company and Subsidiaries Executive Summary and Analysis of Financial Condition as of March 31, 2016 and December 31, 2015 and Results of Operations for the Three Months Ended
More informationForward Looking Statements 2. Condensed Consolidated Financial Statements
Mutual of Omaha Insurance Company and Subsidiaries Executive Summary and Analysis of Financial Condition as of September 30, 2015 and December 31, 2014 and Results of Operations for the Nine Months Ended
More informationForward Looking Statements 2. Condensed Consolidated Financial Statements
Mutual of Omaha Insurance Company and Subsidiaries Executive Summary and Analysis of Financial Condition as of March 31, 2015 and December 31, 2014 and Results of Operations for the Three Months Ended
More informationMUTUAL OF OMAHA Investor Presentation July 2014
MUTUAL OF OMAHA Investor Presentation July 2014 Forward-Looking Statements This document contains certain forward-looking statements about Mutual of Omaha Insurance Company ( Mutual of Omaha ) and certain
More informationProtective Reports First Quarter of 2011 Results and Announces Completion of Coinsurance Agreement
Protective Life Corporation Post Office Box 2606 Birmingham, AL 35202 205-268-1000 FOR IMMEDIATE RELEASE Protective Reports First Quarter of 2011 Results and Announces Completion of Coinsurance Agreement
More informationProtective Life Corporation
August 4, 2011 Protective Life Corporation 2Q11 Earnings Results Conference Call Presentation Introduction In addition to the information contained in this presentation, we have certain supplemental financial
More informationMML Bay State Life Insurance Company Management s Discussion and Analysis Of the 2005 Financial Condition and Results of Operations
MML Bay State Life Insurance Company Management s Discussion and Analysis Of the 2005 Financial Condition and Results of Operations General Management s Discussion and Analysis of Financial Condition and
More informationThird Quarter 2012. Australia Mortgage Insurance & U.S. Mortgage Insurance Investor Materials October 30, 2012
Third Quarter 2012 Australia Mortgage Insurance & U.S. Mortgage Insurance Investor Materials October 30, 2012 2012 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking
More informationPlan to Transfer. to Independent Trust. August 11, 2008
Plan to Transfer Conseco Senior Health Insurance Company to Independent Trust August 11, 2008 Forward Looking Statements Cautionary Statement Regarding Forward-Looking Statements. Our statements, trend
More informationConseco reports fourth consecutive profitable quarter and year-end 2009 results
For Release Immediate Contacts (News Media) Tony Zehnder, Corporate Communications 312.396.7086 (Investors) Scott Galovic, Investor Relations 317.817.3228 Conseco reports fourth consecutive profitable
More informationGoldman Sachs U.S. Financial Services Conference 2012
Goldman Sachs U.S. Financial Services Conference 2012 Steven A. Kandarian Chairman, President & Chief Executive Officer December 4, 2012 Cautionary Statement on Forward Looking Statements and Non-GAAP
More informationAmerican International Group, Inc.
Financial Supplement First Quarter 2012 This report should be read in conjunction with AIG s Report on Form 10-Q for the quarter ended March 31, 2012 filed with the Securities and Exchange Commission.
More informationEmbedded Value 2014 Report
Embedded Value 2014 Report Manulife Financial Corporation Page 1 of 13 Background: Consistent with our objective of providing useful information to investors about our Company, and as noted in our 2014
More information6620 West Broad Street Richmond, VA 23230
6620 West Broad Street Richmond, VA 23230 Genworth Financial Announces Fourth Quarter 2012 Results Operating Performance Includes Benefit Of $78 Million From New Government Guarantee In Canada U.S. Mortgage
More informationFederal Home Loan Bank of San Francisco Announces Second Quarter Operating Results
News Release Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results San Francisco, The Federal Home Loan Bank of San Francisco today announced that its net income for the second
More informationINDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited)
INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) March 31,2000 TABLE OF CONTENTS CONSOLIDATED INCOME 2 CONSOLIDATED CONTINUITY OF EQUITY 3 CONSOLIDATED
More informationCONTACTS: PRESS RELATIONS BETSY CASTENIR (212) 339-3424 INVESTOR RELATIONS ROBERT TUCKER (212) 339-0861 FSA HOLDINGS FIRST QUARTER 2004 RESULTS
FOR IMMEDIATE RELEASE CONTACTS: PRESS RELATIONS BETSY CASTENIR (212) 339-3424 INVESTOR RELATIONS ROBERT TUCKER (212) 339-0861 FSA HOLDINGS FIRST QUARTER 2004 RESULTS NET INCOME $84 Million in Q1 04 (+28%
More informationAllstate Life Insurance Group Combined Management Discussion and Analysis For the Year Ended December 31, 2008
NAIC Group Code 0008 NAIC Company Code 60186 Employer s ID Number 36-2554642 Allstate Life Insurance Group Combined Management Discussion and Analysis For the Year Ended December 31, 2008 The Allstate
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended
More informationPRUCO LIFE INSURANCE COMPANY OF NEW JERSEY INDEX TO FINANCIAL STATEMENTS
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY INDEX TO FINANCIAL STATEMENTS Statements of Financial Position - December 31, 2010 and 2009 B-1 Statements of Operations and Comprehensive Income Years ended
More informationKey performance indicators
The information included in the following sheets of this Excel file forms an integral part of the Aegon press release on the Q2 results 2013 as published on August 8, 2013. Cautionary note regarding non-ifrs
More informationMETLIFE ANNOUNCES FIRST QUARTER 2015 RESULTS
1095 Avenue of the Americas New York, NY 10036 Contacts: For Media: John Calagna (212) 578-6252 For Investors: Edward Spehar (212) 578-7888 METLIFE ANNOUNCES FIRST QUARTER 2015 RESULTS NEW YORK, May 6,
More informationMaking progress towards our objectives
Making progress towards our objectives Scotiabank Financials Summit 2013 Donald A. Guloien President and Chief Executive Officer September 5, 2013 Caution regarding forward-looking statements This presentation
More informationLincoln Financial Group Reports Second Quarter 2012 Results
Lincoln Financial Group Reports Second Quarter 2012 Results Return on Equity of 12% on 5% Growth in Book Value Per Share Consolidated Deposits of $5.3 billion Drives 16% Increase in Net Flows Repurchased
More informationLincoln Financial Group Reports Second Quarter 2008 Results
Lincoln Financial Group Reports Second Quarter 2008 Results NEWS RELEASE Retirement and insurance product deposits up 5% and net flows up 37% year-over-year Philadelphia, PA, July 29, 2008 Lincoln Financial
More informationAmerican International Group, Inc.
Financial Supplement Fourth Quarter 2013 All financial information in this document is unaudited. This report should be read in conjunction with AIG s Annual Report on Form 10-K for the year ended December
More informationAllstate Life Insurance Group Combined Management Discussion and Analysis For the Year Ended December 31, 2007
NAIC Group Code 0008 NAIC Company Code 60186 Employer s ID Number 36-2554642 Allstate Life Insurance Group Combined Management Discussion and Analysis For the Year Ended December 31, 2007 The Allstate
More informationKENTUCKY EMPLOYERS' MUTUAL INSURANCE AUTHORITY dba KENTUCKY EMPLOYERS' MUTUAL INSURANCE
KENTUCKY EMPLOYERS' MUTUAL INSURANCE AUTHORITY dba KENTUCKY EMPLOYERS' MUTUAL INSURANCE Statutory Basis Financial Statements and Supplementary Information Years Ended December 31, 2010 and 2009 with Independent
More informationDiluted EPS of. $0.94 and. return on. were lower. modestly
PRIMERICA REPORTS SECOND QUARTER 2015 RESULTS 14% growth in life insurance policies issued 9% growth in Investment and Savings Products saless 5% increase in life insurance licensed representatives to
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION. Washington, DC 20549 FORM 6-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For June 25, 2012
More informationLiberty Mutual Insurance Reports Second Quarter 2013 Results
Liberty Mutual Insurance Reports Second Quarter 2013 Results BOSTON, Mass., August 6, 2013 Liberty Mutual Holding Company Inc. and its subsidiaries (collectively LMHC or the Company ) today reported net
More informationEMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income Guidance
FOR IMMEDIATE RELEASE Contact: Steve Walsh (Investors) 515-345-2515 Lisa Hamilton (Media) 515-345-7589 EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income
More informationAmerican International Group, Inc. First Quarter 2013 Results Conference Call Presentation. May 3, 2013
American International Group, Inc. First Quarter 2013 Results Conference Call Presentation May 3, 2013 Cautionary Statement Regarding Projections and Other Information About Future Events This document
More informationConseco s Long-Term Care Business: A Primer. September 2007 Conseco, Inc.
Conseco s Long-Term Care Business: A Primer September 2007 Conseco, Inc. Forward-Looking Statements Cautionary Statement Regarding Forward-Looking Statements. Our statements, trend analyses and other information
More informationLong Term Care Insurance Claim Reserve Review
Long Term Care Insurance Claim Reserve Review November 6, 2014 2014 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking Statements This presentation contains certain
More informationTIAA-CREF LIFE INSURANCE COMPANY
Audited Statutory Basis Financial Statements as of December 31, 2015 and 2014 and for the three years ended December 31, 2015 INDEX TO STATUTORY - BASIS FINANCIAL STATEMENTS Page Independent Auditor s
More informationNationwide Life Global Funding I. U.S.$6,400,000,000 Global Debt Issuance Program
SUPPLEMENT DATED MARCH 10, 2008 TO THE BASE PROSPECTUS DATED JANUARY 11, 2008 Nationwide Life Global Funding I U.S.$6,400,000,000 Global Debt Issuance Program This supplement (the Supplement ) to the base
More informationMassachusetts Mutual Life Insurance Company Management s Discussion and Analysis
Massachusetts Mutual Life Insurance Company Management s Discussion and Analysis Of the 2008 Financial Condition and Results of Operations General Management s Discussion and Analysis of Financial Condition
More informationNationwide Life Global Funding I. U.S.$5,000,000,000 Global Debt Issuance Program
BASE PROSPECTUS SUPPLEMENT DATED MAY 14, 2007 TO THE BASE PROSPECTUS DATED JANUARY 12, 2007 Nationwide Life Global Funding I U.S.$5,000,000,000 Global Debt Issuance Program This supplement (the Base Prospectus
More informationPROTECTIVE LIFE INSURANCE CO 10-Q. Quarterly report pursuant to sections 13 or 15(d) Filed on 11/14/2011 Filed Period 09/30/2011
PROTECTIVE LIFE INSURANCE CO 10-Q Quarterly report pursuant to sections 13 or 15(d) Filed on 11/14/2011 Filed Period 09/30/2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549
More informationFinancial Review. 16 Selected Financial Data 18 Management s Discussion and Analysis of Financial Condition and Results of Operations
2011 Financial Review 16 Selected Financial Data 18 Management s Discussion and Analysis of Financial Condition and Results of Operations 82 Quantitative and Qualitative Disclosures About Market Risk 90
More informationYear Ended December 31, 2011
Cigna Reports Full Results Projects Strong Business Growth for 2012 BLOOMFIELD, Conn., February 02, 2012 - Cigna Corporation (NYSE: CI) today reported fourth quarter and full year results that included
More informationPRICOA Global Funding I. $15,000,000,000 Global Medium Term Note Program
Supplemental Offering Circular PRICOA Global Funding I $15,000,000,000 Global Medium Term Note Program This supplemental offering circular, including Annex 1 attached hereto (this "Supplemental Offering
More informationBond Fund of the TIAA-CREF Life Funds
Summary Prospectus MAY 1, 2015 Bond Fund of the TIAA-CREF Life Funds Ticker: TLBDX Before you invest, you may want to review the Fund s prospectus, which contains more information about the Fund and its
More informationManulife Investor Day 2015 Delivering Results and Preparing for the Future
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK:945 Manulife Investor Day 2015 Delivering Results and Preparing for the Future New supplemental disclosures introduced to reflect Manulife s strategic
More informationMutual of Omaha Insurance Company
Mutual of Omaha Insurance Company Statutory Financial Statements as of and for the Years Ended December 31, 2014 and 2013, Supplemental Schedules as of and for the Year Ended December 31, 2014, and Independent
More informationNews from The Chubb Corporation
News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports 4th Quarter Net Income
More informationAegon / Transamerica: The Implications of Living to 100 and Beyond
Aegon / Transamerica: The Implications of Living to 100 and Beyond Boca Raton, FL March 3, 2014 David Hopewell CFO Individual Savings & Retirement Transamerica Significant opportunities in the variable
More informationContact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK 972-569-3627 McKinney, Texas 75070
News Release Contact: Mike Majors 3700 S. Stonebridge Drive NYSE Symbol: TMK 972-569-3627 McKinney, Texas 75070 TORCHMARK CORPORATION REPORTS FOURTH QUARTER 2013 RESULTS McKinney, TX, February 3, 2014
More informationLong Term Care Insurance Review
Long Term Care Insurance Review December 4, 2013 2013 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking Statements This presentation contains certain forward-looking
More informationNew York Life Global Funding $11,000,000,000 GLOBAL DEBT ISSUANCE PROGRAM
BASE PROSPECTUS SUPPLEMENT New York Life Global Funding $11,000,000,000 GLOBAL DEBT ISSUANCE PROGRAM This supplement ( Base Prospectus Supplement ) is supplemental to and must be read in conjunction with
More informationProtective Life Corporation Birmingham, Alabama USA
Protective Life Corporation Birmingham, Alabama USA Richard J. Bielen Vice Chairman and Chief Financial Officer November 19, 2015 Introduction In addition to the information contained in this presentation,
More informationNews from The Chubb Corporation
News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 Chubb Reports Fourth Quarter Net Income per Share of $2.35;
More informationReport of Independent Registered Public Accounting Firm
Report of Independent Registered Public Accounting Firm The Board of Directors of Massachusetts Mutual Life Insurance Company and Policy owners of Massachusetts Mutual Variable Life Separate Account II:
More informationMetLife Institutional Funding II
SECOND BASE PROSPECTUS SUPPLEMENT, DATED MAY 19, 2016 MetLife Institutional Funding II $7,000,000,000 Global Medium Term Note Issuance Program This supplement (the Second Base Prospectus Supplement ) is
More informationMetLife Investments Steve Kandarian Chief Investment Officer
June 2007 MetLife Investments Steve Kandarian Chief Investment Officer Safe Harbor Statement These materials contain statements which constitute forward-looking statements within the meaning of the Private
More informationTIAA-CREF Individual & Institutional Services, LLC (A wholly-owned subsidiary of Teachers Insurance and Annuity Association of America) Statement of
TIAA-CREF Individual & Institutional Services, LLC (A wholly-owned subsidiary of Teachers Insurance and Annuity Association of America) Statement of Financial Condition (Unaudited) Index Page(s) Financial
More informationNorth Carolina Insurance Underwriting Association
North Carolina Insurance Underwriting Association Statutory Financial Statements and Supplemental Schedules (With Independent Auditor s Report Thereon) December 31, 2014 and 2013 Contents Independent Auditor
More informationTRANSAMERICA ADVISORS LIFE INSURANCE COMPANY OF NEW YORK
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December
More informationFINANCIAL REVIEW. 18 Selected Financial Data 20 Management s Discussion and Analysis of Financial Condition and Results of Operations
2012 FINANCIAL REVIEW 18 Selected Financial Data 20 Management s Discussion and Analysis of Financial Condition and Results of Operations 82 Quantitative and Qualitative Disclosures About Market Risk 88
More informationSTANCORP FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1999
More informationHSBC North America Holdings Inc. 2015 Comprehensive Capital Analysis and Review and Annual Company-Run Dodd-Frank Act Stress Test Results
2015 Comprehensive Capital Analysis and Review and Annual Company-Run Dodd-Frank Act Stress Test Results Date: March 5, 2015 TABLE OF CONTENTS PAGE 1. Overview of the Comprehensive Capital Analysis and
More informationDumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010
Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated
More informationTRANSAMERICA ADVISORS LIFE INSURANCE COMPANY
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December
More informationLong Term Care Insurance Annual Margin Testing
Long Term Care Insurance Annual Margin Testing February 11, 2015 2015 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking Statements This presentation contains certain
More informationControls and accounting policies
Controls and accounting policies Controls and procedures Management s responsibility for financial information contained in this Annual Report is described on page 92. In addition, the Bank s Audit and
More informationCOLUMBUS, Georgia July 24, 2012 Aflac Incorporated today reported its second quarter results.
News Release FOR IMMEDIATE RELEASE AFLAC INCORPORATED ANNOUNCES SECOND QUARTER RESULTS, RAISES AFLAC JAPAN SALES OUTLOOK, AFFIRMS 2012 AND 2013 OPERATING EPS TARGETS, DECLARES THIRD QUARTER CASH DIVIDEND
More informationMARKEL REPORTS 2015 FINANCIAL RESULTS
For more information contact: Bruce Kay Markel Corporation 804-747-0136 bkay@markelcorp.com FOR IMMEDIATE RELEASE MARKEL REPORTS 2015 FINANCIAL RESULTS Richmond, VA, February 10, 2016 --- Markel Corporation
More informationMASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES CONSOLIDATED STATUTORY FINANCIAL STATEMENTS As of and for the years ended December 31, 2005 and 2004 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
More informationContact: Emily Riley phone: 215.231.1035 email: emily.riley@radian.biz
Contact: Emily Riley phone: 215.231.1035 email: emily.riley@radian.biz Radian Reports First Quarter 2011 Financial Results Diluted net income per share of $0.77 includes impact of significant fair value
More informationADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015
ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional
More informationStarr Insurance & Reinsurance Limited and Subsidiaries
Starr Insurance & Reinsurance Limited and Subsidiaries Financial Statements Table of Contents Page Independent Auditors Report 1 Financial Statements Consolidated Balance Sheet 2 Consolidated Statement
More informationColleen Johnston Group Head Finance & CFO TD Bank Financial Group. Citi Financial Services Conference
Colleen Johnston Group Head Finance & CFO TD Bank Financial Group Citi Financial Services Conference January 28, 2009 Caution regarding forward-looking statements From time to time, the Bank makes written
More informationCNO to Sell Closed Block Life Insurance Subsidiary to Wilton Re March 3, 2014
CNO to Sell Closed Block Life Insurance Subsidiary to Wilton Re March 3, 2014 Forward-Looking Statements Certain statements made in this presentation should be considered forward-looking statements as
More informationNEW YORK LIFE INSURANCE AND ANNUITY CORPORATION (A wholly owned subsidiary of New York Life Insurance Company)
NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION (A wholly owned subsidiary of New York Life Insurance Company) FINANCIAL STATEMENTS (STATUTORY BASIS) DECEMBER 31, 2011 and 2010 NEW YORK LIFE INSURANCE
More informationEMC Insurance Group Inc. Reports 2013 Third Quarter and Nine Month Results and
2013 Third Quarter Report EMC Insurance Group Inc. Reports 2013 Third Quarter and Nine Month Results and Increases 2013 Operating Income Guidance Third Quarter Ended September 30, 2013 Operating Income
More informationSun Life Financial reports first quarter results
Sun Life Financial reports first quarter results Note to Editors: All figures shown in Canadian dollars unless otherwise noted. TORONTO (May 7, 2009) Sun Life Financial Inc. (TSX/NYSE: SLF) reported a
More informationTHE EMPIRE LIFE INSURANCE COMPANY
THE EMPIRE LIFE INSURANCE COMPANY Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2013 Unaudited Issue Date: November 6, 2013 These condensed interim consolidated
More informationSentinel Security Life Insurance Company
Sentinel Security Life Insurance Company STATUTORY FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT AND OTHER LEGAL AND REGULATORY INFORMATION For the Years Ended December 31, 2013 and 2012 C O N
More informationNew York Life Global Funding $7,000,000,000 GLOBAL DEBT ISSUANCE PROGRAM
BASE PROSPECTUS SUPPLEMENT New York Life Global Funding $7,000,000,000 GLOBAL DEBT ISSUANCE PROGRAM This supplement ( Base Prospectus Supplement ) is supplemental to and must be read in conjunction with
More informationMassMutual Whole Life Insurance
A Technical Overview for Clients and their Advisors MassMutual Whole Life Insurance The product design and pricing process Contents 1 Foreword 2 A Brief History of Whole Life Insurance 3 Whole Life Basics
More informationCharles Schwab Bank. 2015 Annual Dodd-Frank Act Stress Test Disclosure
Charles Schwab Bank 2015 Annual Dodd-Frank Act Stress Test Disclosure June 2015 I. Dodd-Frank Act Stress Test Results A. About Charles Schwab Bank Charles Schwab Bank (the Bank) is a wholly-owned subsidiary
More informationLincoln Financial Group Reports First Quarter 2007 Earnings Momentum Continues into 2007 with Strong Sales and Earnings Growth
NEWS RELEASE Lincoln Financial Group Reports First Quarter 2007 Earnings Momentum Continues into 2007 with Strong Sales and Earnings Growth Philadelphia, PA, May 1, 2007 - Lincoln Financial Group (NYSE:LNC)
More informationThe Canada Life Assurance Company ANNUAL REPORT
The Canada Life Assurance Company 2007 ANNUAL REPORT CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This report contains some forward-looking statements about the Company, including its business
More informationFinancial Review. 16 Selected Financial Data 18 Management s Discussion and Analysis of Financial Condition and Results of Operations
Financial Review 16 Selected Financial Data 18 Management s Discussion and Analysis of Financial Condition and Results of Operations 80 Quantitative and Qualitative Disclosures About Market Risk 86 Consolidated
More informationSUMMARY PROSPECTUS SDIT Short-Duration Government Fund (TCSGX) Class A
May 31, 2016 SUMMARY PROSPECTUS SDIT Short-Duration Government Fund (TCSGX) Class A Before you invest, you may want to review the Fund s Prospectus, which contains information about the Fund and its risks.
More informationFinancial Outlook* Michael Bell Executive Vice President and Chief Financial Officer CIGNA Corporation
Financial Outlook* Michael Bell Executive Vice President and Chief Financial Officer CIGNA Corporation *Information presented as of November 21, 2008 Agenda 2008 & 2009 Financial Outlook Critical Success
More informationThe Goldman Sachs Group, Inc. and Goldman Sachs Bank USA. 2015 Annual Dodd-Frank Act Stress Test Disclosure
The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA 2015 Annual Dodd-Frank Act Stress Test Disclosure March 2015 2015 Annual Dodd-Frank Act Stress Test Disclosure for The Goldman Sachs Group, Inc.
More informationThe Great-West Life Assurance Company. Management s Discussion and Analysis
The Great-West Life Assurance Company Management s Discussion and Analysis 2008 Table of Contents 2 Consolidated Operating Results 8 Consolidated Financial Position 11 Liquidity and Capital Management
More informationFinancial & Operating Results
First Quarter 2011 Financial & Operating Results May 5, 2011 Legal Disclaimer Caution regarding forward-looking statements This presentation contains forward-looking statements within the meaning of the
More informationMITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006
CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503
More informationAmerican International Group, Inc. Financial Supplement Fourth Quarter 2005
Financial Supplement Fourth Quarter 2005 This report should be read in conjunction with AIG's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission.
More informationAEGON N.V. (a Netherlands public company with limited liability) of our common shares of Netherlands or New York registry.
The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement together with the accompanying prospectus is not an offer to sell these
More informationMASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATUTORY FINANCIAL STATEMENTS As of September 30, 2013 and December 31, 2012, for the nine months ended September 30,
More informationNews from The Chubb Corporation
News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports Second Quarter Net Income
More informationLINCOLN FINANCIAL GROUP REPORTS THIRD QUARTER 2015 RESULTS AND ANNOUNCES INCREASE IN DIVIDEND
FOR IMMEDIATE RELEASE LINCOLN FINANCIAL GROUP REPORTS THIRD QUARTER 2015 RESULTS AND ANNOUNCES INCREASE IN DIVIDEND Consolidated net flows of $1.8 billion up 17% Book Value per Share, excluding AOCI, of
More informationFIELD BULLETIN FEBRUARY 8, 2006
FAMILY OF COMPANIES FIELD BULLETIN FEBRUARY 8, 2006 TO: FROM: SUBJECT: All Protective Life, Empire General Life, and West Coast Life Distributors, Producers and Field Managers John D. Johns Chairman, President
More informationThe Wawanesa Life Insurance Company. Financial Statements December 31, 2011
The Wawanesa Life Insurance Company Financial Statements February 21, 2012 Appointed Actuary s Report To the Shareholder and Policyholders of The Wawanesa Life Insurance Company I have valued the insurance
More informationSentinel Security Life Insurance Company
Sentinel Security Life Insurance Company STATUTORY FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT AND OTHER LEGAL AND REGULATORY INFORMATION C O N T E N T S Page Independent Auditor s Report...
More informationPreliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP)
November 1, 2012 Sony Financial Holdings Inc. Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) Tokyo, November 1, 2012
More information