| | | | | | SURPLUS | | ASSETS | 12/2008 | | 12/2007 | | CHANGE | | | | | | | | BONDS | 83,423,057 | | 82,827,607 | | 595,450 | | PREFERRED STOCK | 710,755 | | 616,217 | | 94,538 | | COMMON STOCK | 28,575 | | - | | 28,575 | | REAL ESTATE | 447,006 | | 380,782 | | 66,224 | | POLICY LOANS | 1,602,495 | | 1,564,457 | | 38,038 | | MORTGAGE LOANS | 180,337 | | 390,924 | | (210,587) | | CASH/BANK | 1,153,262 | | 428,083 | | 725,179 | | DATA PROCESSING | 66,727 | | 50,225 | | 16,502 | | CAPITAL IMPROVEMENTS | 56,907 | | 61,285 | | (4,378) | | PREMIUM DUE/DEFERRED | 864,305 | | 799,795 | | 64,510 | | INTEREST DUE/ACCRUED | 879,377 | | 754,818 | | 124,559 | | REINSURANCE RECEIVABLE | 17,250 | | - | | 17,250 | | OTHER INVESTED ASSETS | | | - | | - | | SUBSIDIARIES RECEIVABLE | 188,290 | | 4,581 | | 183,709 | | | | | | | | | TOTALS: | 89,618,342 | | 87,878,775 | | 1,739,570 | | | | | | | | | | | | | | | | | | | | | | | | SURPLUS | | LIABILITIES | 12/2008 | | 12/2007 | | CHANGE | | | | | | | | LIFE RESERVES | 77,969,447 | | 74,205,946 | | (3,763,501) | | A & H RESERVES | 2,896 | | 3,591 | | 695 | | PRE-NEED RESERVE | - | | 25,594 | | 25,594 | | LIFE CLAIMS | 510,041 | | 464,346 | | (45,695) | | A & H CLAIMS | 1,000 | | 1,000 | | - | | DEPOSIT TYPE CONTRACTS | 63,440 | | 63,988 | | 548 | | PREMIUM REC IN ADVANCE | 355,501 | | 359,384 | | 3,883 | | IMR RESERVE | - | | 188,587 | | 188,587 | | COMMISSIONS DUE/ACCRUED | 5,203 | | 6,184 | | 981 | | GENERAL EXPENSES | 91,130 | | 101,350 | | 10,220 | | TAXES, LICENSES & FEES | 3,750 | | 21,500 | | 17,750 | | UNEARNED INV. INCOME | 37,623 | | 32,869 | | (4,754) | | AMTS W/H OR RETAINED | 48,366 | | 363,085 | | 314,719 | | AVR RESERVE | 46,738 | | 424,619 | | 377,881 | | MISC LIABILITIES | 44,530 | | 837 | | (43,693) | | | | | | | | | | | | | | | | TOTALS: | 79,179,664 | | 76,262,880 | | (2,916,785) | | | | | | | | UNASSIGNED SURPLUS | 10,438,678 | | 11,615,894 | | (1,177,216) | | | | | | | |
| | | | | | SURPLUS | | INCOME | 12/2008 | | 12/2007 | | CHANGE | | | | | | | | PREMIUM INCOME | 10,275,826 | | 7,964,733 | | 2,311,093 | | NET INVESTMENT INCOME | 4,269,183 | | 4,270,201 | | (1,018) | | IMR INCOME | 103,299 | | 389,625 | | (286,326) | | | | | | | | | TOTALS: | 14,648,308 | | 12,624,559 | | 2,023,749 | | | | | | | | | | | | | | | | | | | | | | | | SURPLUS | | DISBURSEMENTS | 12/2008 | | 12/2007 | | CHANGE | | | | | | | | DEATH CLAIMS | 4,031,689 | | 3,697,429 | | (334,260) | | ANNUITY/OLD AGE BENEFITS | 927,571 | | 1,109,402 | | 181,831 | | A & H CLAIMS | 405 | | 50 | | (355) | | SURRENDER BENEFITS | 1,527,429 | | 1,314,378 | | (213,051) | | LIFE CONTINGENCY CONTRACTS | 21,964 | | 23,812 | | 1,848 | | INCREASE IN RESERVES | 3,736,664 | | 2,282,565 | | (1,454,099) | | DEPOSIT TYPE CONTRACTS | 255,219 | | 247,304 | | (7,915) | | COMMISSIONS | 359,252 | | 275,943 | | (83,309) | | GENERAL EXPENSES | 3,988,053 | | 3,747,277 | | (240,776) | | TAXES, LICENSES & FEES | 136,946 | | 151,519 | | 14,573 | | CHANGE IN LOADING | (121,093) | | (14,286) | | 106,807 | | | | | | | | | TOTALS: | 14,864,099 | | 12,835,393 | | (2,028,706) | | | | | | | | NET INCOME | (215,791) | | (210,834) | | (4,957) | | | | | | | | NET REALIZED INV. GAINS | (1,168,338) | | 57,110 | | (1,225,448) | | | | | | | | NET GAIN FROM OPERATION | (1,384,129) | | (153,724) | | (1,230,405) | | | | | | | | | | | | | | | | | | | | | | | | | | SURPLUS STATEMENT | | | | | | | | | | | | | | | | | | | NET INCOME FROM OPERATIONS | (1,384,129) | | (153,724) | | (1,230,405) | | CHANGE IN UNREALIZED LOSS | - | | - | | - | | CHANGE IN AVR RESERVE | 377,881 | | (40,843) | | (418,724) | | PRIOR YEAR ADJUSTMENT | (169,295) | | 1,273 | | (170,568) | | CHANGE IN NON ADMITTED | 121,658 | | (8,591) | | 130,249 | | IMR RESERVE ADJ. | (123,330) | | - | | (123,330) | | | | | | | | | CHANGE IN SURPLUS FUNDS | (1,177,216) | | (201,886) | | (975,330) | | | | | | | | | SURPLUS FUNDS PRIOR | 11,615,894 | *2007 | 11,817,781 | *2006 | (201,887) | | | | | | | | | SURPLUS FUNDS CURRENT | 10,438,678 | | 11,615,894 | | (1,177,216) | | | | | | | |
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