Reliance Standard Life Insurance Company · Annual Statement for the year 2019 of the Reliance Standard Life Insurance Company 4 SUMMARY OF OPERATIONS 1 2 Current Year Prior Year

Annual Statement for the year 2019 of the Reliance Standard Life Insurance Company
2
1 2 3 4 Net Admitted
Nonadmitted Assets Net Assets Assets (Cols. 1 - 2) Admitted Assets
1. Bonds (Schedule D)........................................................................................................... ...........9,029,973,271 .................................... ...........9,029,973,271 ...........9,573,202,305
3.1 First liens.................................................................................................................. ...........4,415,788,516 .................................... ...........4,415,788,516 ...........2,586,834,624
4.1 Properties occupied by the company (less $..........0 encumbrances)........................................................................................................ .................................... .................................... .................................0 ....................................
4.2 Properties held for the production of income (less $..........0 encumbrances)........................................................................................................ .............................499 .............................499 .................................0 ....................................
4.3 Properties held for sale (less $..........0 encumbrances).......................................... .................25,001,933 .................................... .................25,001,933 ...................1,513,626
6. Contract loans (including $..........0 premium notes).......................................................... ......................366,276 .................................... ......................366,276 ......................376,641
11. Aggregate write-ins for invested assets............................................................................. .................................0 .................................0 .................................0 .................................0
13. Title plants less $..........0 charged off (for Title insurers only)........................................... .................................... .................................... .................................0 ....................................
14. Investment income due and accrued................................................................................. ..............125,098,986 .................................... ..............125,098,986 ..............140,704,678
15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $..........0 earned but unbilled premiums)...................... ......................352,887 .................................... ......................352,887 ......................245,676
15.3 Accrued retrospective premiums ($..........0) and contracts subject to redetermination ($..........0)....................................................................................... .................................... .................................... .................................0 ....................................
16.3 Other amounts receivable under reinsurance contracts......................................... ...................1,823,938 .................................... ...................1,823,938 ...................1,705,330
18.2 Net deferred tax asset........................................................................................................ .................73,246,913 .................14,854,708 .................58,392,205 .................42,792,227
21. Furniture and equipment, including health care delivery assets ($..........0)..................... ...................7,723,533 ...................7,723,533 .................................0 ....................................
22. Net adjustment in assets and liabilities due to foreign exchange rates............................ .................................... .................................... .................................0 ....................................
23. Receivables from parent, subsidiaries and affiliates......................................................... ......................847,124 ......................513,933 ......................333,191 ......................106,523
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts............... ..............186,553,733 .................................... ..............186,553,733 ..............163,366,352
28. TOTAL (Lines 26 and 27).................................................................................................. .........15,979,807,043 .................76,948,021 .........15,902,859,022 .........13,875,026,234
DETAILS OF WRITE-INS 1101. ............................................................................................................................................ .................................... .................................... .................................0 .................................... 1102. ............................................................................................................................................ .................................... .................................... .................................0 .................................... 1103. ............................................................................................................................................ .................................... .................................... .................................0 .................................... 1198. Summary of remaining write-ins for Line 11 from overflow page...................................... .................................0 .................................0 .................................0 .................................0 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above).......................................... .................................0 .................................0 .................................0 .................................0 2501. Prepaid fees and suspense debits..................................................................................... .................16,564,230 .................16,564,230 .................................0 .................................... 2502. Miscellaneous accounts receivable................................................................................... ...................1,000,003 .................................... ...................1,000,003 .................................... 2503. Other than invested assets nonadmitted........................................................................... ......................184,324 ......................184,324 .................................0 .................................... 2598. Summary of remaining write-ins for Line 25 from overflow page...................................... ........................12,380 ........................12,380 .................................0 .................................0 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above).......................................... .................17,760,937 .................16,760,934 ...................1,000,003 .................................0
3
Current Year Prior Year 1. Aggregate reserve for life contracts $.....7,923,941,407 (Exhibit 5, Line 9999999) less $..........0
included in Line 6.3 (including $..........0 Modco Reserve).......................................................................................................................... ...............7,923,941,407 ...............7,114,693,002 2. Aggregate reserve for accident and health contracts (including $.........0 Modco Reserve)........................................................................ ...............1,304,170,538 ...............1,144,414,815 3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..........0 Modco Reserve).......................................................... ...............2,023,337,556 ...............1,709,256,889 4. Contract claims:
4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11).......................................................................................... ....................89,467,617 ....................85,371,530 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11).................................................................................. ..................488,146,548 ..................692,362,619
5. Policyholders' dividends/refunds to members $..........0 and coupons $..........0 due and unpaid (Exhibit 4, Line 10)................................. ....................................... ....................................... 6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:
6.1 Policyholders' dividends and refunds to members apportioned for payment (including $..........0 Modco)...................................... ....................................... ....................................... 6.2 Policyholders' dividends and refunds to members not yet apportioned (including $..........0 Modco).............................................. ....................................... ....................................... 6.3 Coupons and similar benefits (including $..........0 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 $..........0
discount; including $.....117,153 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)................................... .........................123,320 .........................185,629 9. Contract liabilities not included elsewhere:
9.1 Surrender values on canceled contracts......................................................................................................................................... ....................................... ....................................... 9.2 Provision for experience rating refunds, including the liability of $.....2,595,568 accident and health experience
rating refunds of which $.....2,595,568 is for medical loss ratio rebate per the Public Health Service Act...................................... ......................2,595,568 ......................3,147,944 9.3 Other amounts payable on reinsurance, including $.....654,634 assumed and $.....4,643,313 ceded............................................ ......................5,297,947 ......................1,973,972 9.4 Interest Maintenance Reserve (IMR, Line 6)................................................................................................................................... ....................84,666,962 ....................64,816,665
10. Commissions to agents due or accrued - life and annuity contracts $.....851,051, accident and health $..........0 and deposit-type contract funds $..........0................................................................................................................................................... .........................851,051 ......................3,343,521
11. Commissions and expense allowances payable on reinsurance assumed................................................................................................ ....................................... ....................................... 12. General expenses due or accrued (Exhibit 2, Line 12, Col. 7).................................................................................................................... ....................89,485,817 ....................73,575,636 13. Transfers to Separate Accounts due or accrued (net) (including $..........0 accrued for expense
allowances recognized in reserves, net of reinsured allowances).............................................................................................................. ........................(132,350) ........................(108,646) 14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)........................................................ ......................1,735,345 ......................2,764,945 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 reporting entity as agent or trustee......................................................................................................... ........................(614,296) ......................7,042,197 18. Amounts held for agents' account, including $.....4,236,367 agents' credit balances................................................................................. ......................4,236,367 ......................4,630,825 19. Remittances and items not allocated.......................................................................................................................................................... ....................43,849,710 ....................77,695,174 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 $.....55,000,000 and interest thereon $.....342,146......................................................................................................... ....................55,342,146 ....................55,342,146 23. Dividends to stockholders declared and unpaid.......................................................................................................................................... ....................................... ....................................... 24. Miscellaneous liabilities:
24.01 Asset valuation reserve (AVR Line 16, Col. 7)................................................................................................................................ ..................299,983,545 ..................162,256,067 24.02 Reinsurance in unauthorized and certified ($..........0) companies.................................................................................................. ....................................... ....................................... 24.03 Funds held under reinsurance treaties with unauthorized and certified ($..........0) reinsurers........................................................ ...............1,073,820,346 ...............1,074,048,377 24.04 Payable to parent, subsidiaries and affiliates.................................................................................................................................. ...........................67,075 .........................862,310 24.05 Drafts outstanding........................................................................................................................................................................... ....................................... ....................................... 24.06 Liability for amounts held under uninsured plans............................................................................................................................ ....................................... ....................................... 24.07 Funds held under coinsurance........................................................................................................................................................ ..................524,609,579 ....................................... 24.08 Derivatives....................................................................................................................................................................................... ......................5,064,367 ....................................... 24.09 Payable for securities...................................................................................................................................................................... ..................162,282,320 ..................122,076,513 24.10 Payable for securities lending.......................................................................................................................................................... ....................................... ....................................... 24.11 Capital notes $..........0 and interest thereon $..........0..................................................................................................................... ....................................... .......................................
37. Surplus (Total Lines 31 + 32 + 33 + 34 + 35 - 36) (including $..........0 in Separate Accounts Statement)................................................. ...............1,461,125,485 ...............1,222,264,933 38. Totals of Lines 29, 30 and 37 (Page 4, Line 55)......................................................................................................................................... ...............1,517,128,598 ...............1,278,268,046 39. Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3).................................................................................................................................... .............15,902,859,022 .............13,875,026,234
DETAILS OF WRITE-INS 2501. Retained assets program liability to claimants and other miscellaneous liabilities..................................................................................... ....................13,496,384 ....................15,193,436 2502. Liability for pension and postretirement benefits......................................................................................................................................... ......................3,068,416 ....................18,446,270 2503. Swap interest.............................................................................................................................................................................................. .........................283,406 ....................................... 2598. Summary of remaining write-ins for Line 25 from overflow page................................................................................................................ ....................................0 ....................................0 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)..................................................................................................................... ....................16,848,206 ....................33,639,706 3101. .................................................................................................................................................................................................................... ....................................... ....................................... 3102. .................................................................................................................................................................................................................... ....................................... ....................................... 3103. .................................................................................................................................................................................................................... ....................................... ....................................... 3198. Summary of remaining write-ins for Line 31 from overflow page................................................................................................................ ....................................0 ....................................0 3199. Totals (Lines 3101 through 3103 plus 3198) (Line 31 above)..................................................................................................................... ....................................0 ....................................0 3401. Affordable Care Act 9010 fee assessment.................................................................................................................................................. .........................765,001 ....................................... 3402. .................................................................................................................................................................................................................... ....................................... ....................................... 3403. .................................................................................................................................................................................................................... ....................................... ....................................... 3498. Summary of remaining write-ins for Line 34 from overflow page................................................................................................................ ....................................0 ....................................0 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)..................................................................................................................... .........................765,001 ....................................0
4
Current Year Prior Year 1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1, less Col. 11) ...........2,355,953,854 ...........3,160,470,730 2. Considerations for supplementary contracts with life contingencies................................................................................................................. ..................2,290,416 .....................840,099 3. Net investment income (Exhibit of Net Investment Income, Line 17)................................................................................................................ ..............779,629,446 ..............700,038,995 4. Amortization of Interest Maintenance Reserve (IMR) (Line 5).......................................................................................................................... ................15,255,393 ................11,989,942 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)................................................................ ..................3,491,854 ..................2,943,486 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 ..................1,251,266 ..................1,194,401 8.2 Charges and fees for deposit-type contracts.............................................................................................................................................. ................................... ................................... 8.3 Aggregate write-ins for miscellaneous income........................................................................................................................................... ..................1,327,734 ................12,952,472
9. Totals (Lines 1 to 8.3)........................................................................................................................................................................................ ...........3,159,199,963 ...........3,890,430,125 10. Death benefits................................................................................................................................................................................................... ................70,545,496 ................88,430,829 11. Matured endowments (excluding guaranteed annual pure endowments)......................................................................................................... ................................... ................................... 12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8).................................................................................................................................. ..............127,865,279 ................93,534,226 13. Disability benefits and benefits under accident and health contracts................................................................................................................ ..............359,813,148 ..............607,770,834 14. Coupons, guaranteed annual pure endowments and similar benefits............................................................................................................... ................................... ................................... 15. Surrender benefits and withdrawals for life contracts........................................................................................................................................ ..............742,555,902 ..............651,242,625 16. Group conversions............................................................................................................................................................................................ ................................... ................................... 17. Interest and adjustments on contract or deposit-type contract funds................................................................................................................ ................85,209,939 ................78,456,775 18. Payments on supplementary contracts with life contingencies......................................................................................................................... ..................2,376,353 ..................2,452,680 19. Increase in aggregate reserves for life and accident and health contracts....................................................................................................... ..............968,451,753 ...........1,587,108,666 20. Totals (Lines 10 to 19)....................................................................................................................................................................................... ...........2,356,817,870 ...........3,108,996,635 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)
capital gains or (losses) (Line 31 minus Line 32).............................................................................................................................................. ..............240,066,597 ..............227,729,922 34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $.....(12,019,012)
(excluding taxes of $.....9,331,892 transferred to the IMR)............................................................................................................................... ...............(19,577,364) ................17,381,742 35. Net income (Line 33 plus Line 34)..................................................................................................................................................................... ..............220,489,233 ..............245,111,664
50.1 Paid in...................................................................................................................................................................................................... ................................... ................................... 50.2 Transferred from surplus (Stock Dividend).............................................................................................................................................. ................................... ................................... 50.3 Transferred to surplus.............................................................................................................................................................................. ................................... ...................................
DETAILS OF WRITE-INS 08.301. Miscellaneous income.............................................................................................................................................................................. ..................1,327,734 ................12,952,472 08.302. ................................................................................................................................................................................................................. ................................... ................................... 08.303. ................................................................................................................................................................................................................. ................................... ................................... 08.398. Summary of remaining write-ins for Line 8.3 from overflow page............................................................................................................ ................................0 ................................0 08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)....................................................................................................... ..................1,327,734 ................12,952,472 2701. ................................................................................................................................................................................................................. ................................... ................................... 2702. ................................................................................................................................................................................................................. ................................... ................................... 2703. ................................................................................................................................................................................................................. ................................... ................................... 2798. Summary of remaining write-ins for Line 27 from overflow page............................................................................................................. ................................0 ................................0 2799. Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)................................................................................................................. ................................0 ................................0 5301. Unassigned funds - pension and postretirement benefits........................................................................................................................ ................12,981,730 ..................1,174,079 5302. Affordable Care Act 9010 fee assessment.............................................................................................................................................. ....................(765,001) .....................704,616 5303. Reclassification of Affordable Care Act 9010 fee assessment to special surplus funds.......................................................................... .....................765,001 ....................(704,616) 5398. Summary of remaining write-ins for Line 53 from overflow page............................................................................................................. ................................0 ................................0 5399. Totals (Lines 5301 through 5303 plus 5398) (Line 53 above)................................................................................................................. ................12,981,730 ..................1,174,079
5
1. Premiums collected net of reinsurance.......................................................................................................................................... ..................2,373,418,897 ..................3,154,987,651 2. Net investment income................................................................................................................................................................... .....................698,863,108 .....................583,624,099 3. Miscellaneous income.................................................................................................................................................................... .........................6,051,352 .......................17,090,359 4. Total (Lines 1 through 3)................................................................................................................................................................ ..................3,078,333,357 ..................3,755,702,109 5. Benefit and loss related payments................................................................................................................................................. ..................1,502,491,144 ..................1,380,741,261 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.......................................................... ...............................(3,129) ...............................(4,032) 7. Commissions, expenses paid and aggregate write-ins for deductions......................................................................................... .....................443,572,900 .....................475,857,607 8. Dividends paid to policyholders..................................................................................................................................................... ........................................... ........................................... 9. Federal and foreign income taxes paid (recovered) net of $..........0 tax on capital gains (losses).............................................. .......................96,594,542 .......................43,378,000 10. Total (Lines 5 through 9)................................................................................................................................................................ ..................2,042,655,457 ..................1,899,972,836 11. Net cash from operations (Line 4 minus Line 10).......................................................................................................................... ..................1,035,677,900 ..................1,855,729,273
CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid:
12.1 Bonds................................................................................................................................................................................... ..................4,223,836,222 ..................3,815,119,760 12.2 Stocks................................................................................................................................................................................... .......................21,218,618 .......................28,248,318 12.3 Mortgage loans.................................................................................................................................................................... .....................854,826,323 ..................1,002,221,300 12.4 Real estate........................................................................................................................................................................... ........................................... ........................................... 12.5 Other invested assets.......................................................................................................................................................... .......................61,698,510 .....................174,777,310 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments................................................................... ............................502,379 ...........................(719,763) 12.7 Miscellaneous proceeds...................................................................................................................................................... .......................23,863,160 .........................8,280,689 12.8 Total investment proceeds (Lines 12.1 to 12.7).................................................................................................................. ..................5,185,945,212 ..................5,027,927,614
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............................................................................... .....................730,818,896 ....................(119,109,894) 16.5 Dividends to stockholders.................................................................................................................................................... .........................4,000,000 .......................54,000,000 16.6 Other cash provided (applied)............................................................................................................................................. ......................(51,870,108) .........................1,048,771
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).......................................... .....................301,613,645 ......................(27,332,750) 19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year................................................................................................................................................................. .....................313,349,562 .....................340,682,312
Note: Supplemental disclosures of cash flow information for non-cash transactions: 20.0001 Non-cash acquisitions from invested asset exchanges - bonds, preferred and common stocks...................................... ....................(349,875,131) ....................(444,337,758) 20.0002 Non-cash proceeds from invested asset exchanges - bonds, preferred and common stocks.......................................... ....................(349,875,131) ....................(444,337,758) 20.0003 Mortgage loans - exchanges............................................................................................................................................... ....................(336,278,571) ........................................... 20.0004 Tax credit bonds.................................................................................................................................................................. ......................(10,288,601) ......................(10,355,538) 20.0005 Capitalization of mortgage interest...................................................................................................................................... ......................(38,671,103) ......................(38,718,788) 20.0006 Capitalization of bond interest............................................................................................................................................. ........................(8,656,611) ........................(8,536,754) 20.0007 Real estate acquired in satisfaction of debt........................................................................................................................ .......................25,970,747 ...........................................
6
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY 1 2 3 4 5 6 7 8 9
Total Individual Life Group Life Individual Annuities Group Annuities Accident and Health Fraternal Other Lines of Business YRT Mortality Risk Only 1. Premiums and annuity considerations for life and accident and health contracts................................................................................... ..........2,355,953,854 .................1,212,039 .............186,864,143 ..........1,300,983,985 .............113,699,006 .............753,194,681 ................................. ................................. ................................. 2. Considerations for supplementary contracts with life contingencies........................................................................................................ .................2,290,416 .............XXX.............. .............XXX.............. .................2,290,416 .................................. .............XXX.............. .............XXX............. ................................. .............XXX............. 3. Net investment income............................................................................................................................................................................. .............779,629,446 ....................374,789 ...............14,764,514 .............410,414,363 ...............65,953,705 .............117,208,897 ................................. ............170,913,178 ................................. 4. Amortization of Interest Maintenance Reserve (IMR).............................................................................................................................. ...............15,255,393 ........................9,325 ....................367,368 ...............10,211,853 .................1,641,048 .................2,916,370 ................................. ...................109,429 ................................. 5. Separate Accounts net gain from operations excluding unrealized gains or losses................................................................................ ...............................0 .................................. .................................. .................................. .................................. .................................. .............XXX............. ................................. ................................. 6. Commissions and expense allowances on reinsurance ceded................................................................................................................ .................3,491,854 ......................21,675 ................(1,682,760) .................................. .................................. .................4,360,573 .............XXX............. ...................792,366 ................................. 7. Reserve adjustments on reinsurance ceded............................................................................................................................................ ...............................0 .................................. .................................. .................................. .................................. .................................. .............XXX............. ................................. ................................. 8. Miscellaneous Income:
(Line 29 minus Line 30)............................................................................................................................................................................ .............345,671,553 ................(1,191,697) ...............28,903,336 ...............98,801,110 ...............32,743,990 .............103,640,370 ..............................0 ..............82,774,444 ..............................0 32. Federal income taxes incurred (excluding tax on capital gains).............................................................................................................. .............105,604,956 ...................(364,071) .................8,830,161 ...............30,111,804 ...............10,076,097 ...............31,662,822 ................................. ..............25,288,143 ................................. 33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before
DETAILS OF WRITE-INS 08.301. Miscellaneous income..................................................................................................................................................................... .................1,327,734 .................................. .................................. .................................. .................................. .................1,327,734 ................................. ................................. ................................. 08.302. ......................................................................................................................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. ................................. ................................. ................................. 08.303. ......................................................................................................................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. ................................. ................................. ................................. 08.398. Summary of remaining write-ins for Line 8.3 from overflow page................................................................................................... ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ..............................0 ..............................0 ..............................0 08.399. Total (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)................................................................................................. .................1,327,734 ...............................0 ...............................0 ...............................0 ...............................0 .................1,327,734 ..............................0 ..............................0 ..............................0 2701. ......................................................................................................................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. ................................. ................................. ................................. 2702. ......................................................................................................................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. ................................. ................................. ................................. 2703. ......................................................................................................................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. ................................. ................................. ................................. 2798. Summary of remaining write-ins for Line 27 from overflow page.................................................................................................... ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ..............................0 ..............................0 ..............................0 2799. Total (Lines 2701 through 2703 plus 2798) (Line 27 above)........................................................................................................... ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ..............................0 ..............................0 ..............................0
6.1
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b) 1 2 3 4 5 6 7 8 9 10 11 12
Total Industrial Life Whole Life Term Life Indexed Life Universal Life
Universal Life with Secondary
Guarantees Variable Life Variable
Life YRT Mortality
9. Totals (Lines 1 to 8.3)............................................................................................................................................................................................ ...........2,869,094 .....................0 .......1,527,926 .....................0 .....................0 ............89,902 .....................0 .....................0 .......1,251,266 .....................0 .....................0 .....................0 10. Death benefits........................................................................................................................................................................................................ ...........2,319,222 ........................ .......2,319,222 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 11. Matured endowments (excluding guaranteed annual pure endowments)............................................................................................................. .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 12. Annuity benefits..................................................................................................................................................................................................... ........XXX............. ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... 13. Disability benefits and benefits under accident and health contracts.................................................................................................................... ..................7,844 ........................ ..............7,844 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 14. Coupons, guaranteed annual pure endowments and similar benefits.................................................................................................................. .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 15. Surrender benefits and withdrawals for life contracts............................................................................................................................................ ................35,592 ........................ ............35,592 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 16. Group conversions................................................................................................................................................................................................. .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 17. Interest and adjustments on contract or deposit-type contract funds.................................................................................................................... ................11,053 ........................ ............11,053 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 18. Payments on supplementary contracts with life contingencies............................................................................................................................. .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 19. Increase in aggregate reserves for life and accident and health contracts........................................................................................................... ..............372,536 ........................ ..........312,187 ........................ ........................ ............60,349 ........................ ........................ ........................ ........................ ........................ ........................ 20. Totals (Lines 10 to 19)........................................................................................................................................................................................... ...........2,746,247 .....................0 .......2,685,898 .....................0 .....................0 ............60,349 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)...................................................... ................21,675 ........................ ............21,675 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........XXX......... 22. Commissions and expense allowances on reinsurance assumed........................................................................................................................ .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 23. General insurance expenses................................................................................................................................................................................. ...........1,035,070 ........................ ..........508,524 ........................ ........................ ..........440,916 ........................ ........................ ............85,630 ........................ ........................ ........................ 24. Insurance taxes, licenses and fees, excluding federal income taxes................................................................................................................... ................15,936 ........................ ..............7,829 ........................ ........................ ..............6,788 ........................ ........................ ..............1,319 ........................ ........................ ........................ 25. Increase in loading on deferred and uncollected premiums.................................................................................................................................. ..............246,065 ........................ ..........246,065 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 26. Net transfers to or (from) Separate Accounts net of reinsurance.......................................................................................................................... .................(4,202) ........................ ........................ ........................ ........................ ........................ ........................ ........................ .............(4,202) ........................ ........................ ........................ 27. Aggregate write-ins for deductions........................................................................................................................................................................ .........................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 28. Totals (Lines 20 to 27)........................................................................................................................................................................................... ...........4,060,791 .....................0 .......3,469,991 .....................0 .....................0 ..........508,053 .....................0 .....................0 ............82,747 .....................0 .....................0 .....................0 29. Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)................. ..........(1,191,697) .....................0 .....(1,942,065) .....................0 .....................0 ........(418,151) .....................0 .....................0 .......1,168,519 .....................0 .....................0 .....................0 30. Dividends to policyholders and refunds to members............................................................................................................................................. .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30)....... ..........(1,191,697) .....................0 .....(1,942,065) .....................0 .....................0 ........(418,151) .....................0 .....................0 .......1,168,519 .....................0 .....................0 .....................0 32. Federal income taxes incurred (excluding tax on capital gains)........................................................................................................................... .............(364,071) ........................ ........(595,790) ........................ ........................ ........(125,674) ........................ ........................ ..........357,393 ........................ ........................ ........................ 33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before
DETAILS OF WRITE-INS 08.301. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 08.302. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 08.303. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 08.398. Summary of remaining write-ins for Line 8.3 from overflow page............................................................................................................... .........................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 08.399. Total (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)............................................................................................................. .........................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 2701. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 2702. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 2703. ...................................................................................................................................................................................................................... .........................0 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 2798. Summary of remaining write-ins for Line 27 from overflow page................................................................................................................ .........................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 2799. Total (Lines 2701 through 2703 plus 2798) (Line 27 above)....................................................................................................................... .........................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0 .....................0
(a) Include premium amounts for preneed plans included in Line 1. (b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. (c) Individual and Group Credit Life are combined and included on page. (indicate whether included with Individual or Group).
6.2
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP INSURANCE (c) 1 2 3 4 5 6 7 8 9
Total Whole Life Term Life Universal Life Variable Life Variable Universal Life Credit Life (d) Other Group Life (a) YRT Mortality Risk Only 1. Premiums for life contracts (b)................................................................................................................................................................................... ...........186,864,143 ................................. ...........186,864,143 ................................. ................................. ................................. ................................. ................................. ................................. 2. Considerations for supplementary contracts with life contingencies......................................................................................................................... ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. ...........XXX.............. 3. Net investment income............................................................................................................................................................................................... .............14,764,514 ................................. .............14,764,514 ................................. ................................. ................................. ................................. ................................. ................................. 4. Amortization of Interest Maintenance Reserve (IMR)................................................................................................................................................ ..................367,368 ................................. ..................367,368 ................................. ................................. ................................. ................................. ................................. ................................. 5. Separate Accounts net gain from operations excluding unrealized gains or losses.................................................................................................. .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 6. Commissions and expense allowances on reinsurance ceded................................................................................................................................. ..............(1,682,760) ................................. ..............(1,682,760) ................................. ................................. ................................. ................................. ................................. ................................. 7. Reserve adjustments on reinsurance ceded.............................................................................................................................................................. .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 8. Miscellaneous Income:
DETAILS OF WRITE-INS 08.301. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 08.302. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 08.303. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 08.398. Summary of remaining write-ins for Line 8.3 from overflow page.................................................................................................................... .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 08.399. Total (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above).................................................................................................................. .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 2701. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 2702. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 2703. .......................................................................................................................................................................................................................... .............................0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. 2798. Summary of remaining write-ins for Line 27 from overflow page..................................................................................................................... .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 2799. Total (Lines 2701 through 2703 plus 2798) (Line 27 above)............................................................................................................................ .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0
(a) Includes the following amounts for FEGLI/SGLI: Line 1..........0 Line 10..........0 Line 16..........0 Line 23..........0 Line 24..........0. (b) Include premium amounts for preneed plans included in Line 1. ................................. (c) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected. (d) Individual and Group Credit Life are combined and included on page. (Indicate whether included with Individual or Group)
6.3
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a) Deferred
1 2 3 4 5 6 7
Total Fixed Annuities Indexed Annuities Variable Annuities with
Guarantees Variable Annuities without
1. Premiums for individual annuity contracts................................................................................................................................................................................. ..................1,300,983,985 ...................691,120,810 ...................609,863,175 ......................................... ......................................... ......................................... ......................................... 2. Considerations for supplementary contracts with life contingencies......................................................................................................................................... .........................2,290,416 ..............XXX................... ..............XXX................... ..............XXX................... ..............XXX................... .......................2,290,416 ..............XXX................... 3. Net investment income............................................................................................................................................................................................................... .....................410,414,363 ...................193,702,088 ...................215,686,827 ......................................... ......................................... .......................1,025,448 ......................................... 4. Amortization of Interest Maintenance Reserve (IMR)................................................................................................................................................................ .......................10,211,853 .......................4,819,659 .......................5,366,679 ......................................... ......................................... ............................25,515 ......................................... 5. Separate Accounts net gain from operations excluding unrealized gains or losses................................................................................................................. ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 6. Commissions and expense allowances on reinsurance ceded................................................................................................................................................. ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 7. Reserve adjustments on reinsurance ceded.............................................................................................................................................................................. ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 8. Miscellaneous Income:
DETAILS OF WRITE-INS 08.301. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 08.302. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 08.303. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 08.398. Summary of remaining write-ins for Line 8.3 from overflow page..................................................................................................................................... ........................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 08.399. Total (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)................................................................................................................................... ........................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 2701. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 2702. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 2703. ........................................................................................................................................................................................................................................... ........................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... 2798. Summary of remaining write-ins for Line 27 from overflow page...................................................................................................................................... ........................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 2799. Total (Lines 2701 through 2703 plus 2798) (Line 27 above)............................................................................................................................................. ........................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0
(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.
6.4
ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP ANNUITIES (a) Deferred
1 2 3 4 5 6 7
Total Fixed Annuities Indexed Annuities Variable Annuities with
Guarantees Variable Annuities without
1. Premiums for group annuity contracts........................................................................................................................................................................................................ .................113,699,006 .................113,699,006 ....................................... ....................................... ....................................... ....................................... ....................................... 2. Considerations for supplementary contracts with life contingencies.......................................................................................................................................................... ...................................0 ..............XXX................. ..............XXX................. ..............XXX................. ..............XXX................. ....................................... ..............XXX

Documents

Reliance Standard Life Insurance Company · Annual Statement for the year 2019 of the Reliance Standard Life Insurance Company 4 SUMMARY OF OPERATIONS 1 2 Current Year Prior Year