Douglas J. Austin Jennifer Utter Heston Jean E. Kordenbrock Retired FraserTrebilcocK Michael E. Cavanaugh Marlaine C. Teahan Melisa M. W. Mysliwiec Donald A. Hines LAWYERS Darrell A Lindman Mark E. Kellogg Emily M. Vanderlaan John J. Loose

Gary C. Rogers Ryan K. Kauffman Amanda S. Wolanin

Michael H. Perry Paula J. Manderfield Archie C. Fraser Thomas J. Waters Paul V. McCord (1902-1998)

124 West Allegan Street, Suite 1000

Lansing, Michigan 48933 Michael S. Ashton

H. Kirby Albright

Brian T. Gallagher

Jonathan T. Walton, Jr. OF COUNSEL

David E. S. Marvin

Everett R. Trebilcock (1918-2002)

James R. Davis T (517) 482-5800 F (517) 482-0887 Graham K. Crabtree Laura S. Faussie Stephen L. Burlingame (1918-2005)

www.fraserlawfirm.com Michael P. Donnelly

Edward J. Castellani

Norbert T. Madison, Jr.

Aaron L. Davis Mark A Bush

Brandon W. Zuk Ronald R. Pentecost

(1932-2008)

Jonathan E. Raven

Peter D. Houk

Paul C. Mallon, Jr. Jared A Roberts

David S. Fry

Thomas L. Sparks

Mark R. Fox (1953-2011)

Elizabeth H. Latchana David J. Houston Max R. Hoffman Peter L. Dunlap, P.C. Thaddeus E. Morgan Shaina R. Reed

Brian P. Morley

jraven@fraserlawfirm.com

(517) 377-0816

February 21, 2020

VIA HAND DELIVERY

Clerk of the Court Ingham County Circuit Court 315 S. Jefferson, 3rd Floor Mason,MI 48854

Re: Fox v Pavonia Life Insurance Company of Michigan Case No. 19-504-CR

Dear Clerk:

Enclosed for filing please find an original and Judge's copy of Response oflndependent Insurance Group, LLC to the Latest Filing of Aspida Holdco, LLC Dated February 20, 2020, with Certificate of Service affixed thereto.

Thank you for your assistance. Should you have any questions or concerns, please do not hesitate to contact me.

Very truly yours,

JER:enp Enclosures cc w/ enc.: Honorable Wanda M. Stokes

Michigan Department of Attorney General, Attn: Christopher Kerr/ James Long Lori McAllister Stephen W. Schwab Ellen M. Dunn Ryan Shannon

FRASER TREBILCOCK DAVIS & DUNLAP I PC LANSING DETROIT. GRAND RAPIDS

STATE OF MICHIGAN CIRCUIT COURT FOR THE 30TH JUDICIAL CIRCUIT

INGHAM COUNTY

ANITA G. FOX, DIRECTOR FOR THE MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES,

Petitioner, Case No. 19-504-CR v.

Hon. Wanda M. Stokes PA VONIA LIFE INSURANCE COMPANY OF MICHIGAN,

Respondent. ________________ !

RESPONSE OF INDEPENDENT INSURANCE GROUP, LLC TO THE LATEST FILING OF ASPIDA HOLDCO, LLC, DATED FEBRUARY 20, 2020

NOW COMES Independent Insurance Group, LLC ("Independent"), through its attorneys

Fraser Trebilcock and Adams and Reese, and hereby submits this filing in response to the Response

of Aspida Holdco, LLC to the 2/12/20 Letter of Society of Settlement Planners and the Response

to the latest Responses of Objector Independent Insurance Group, LLC (the "Aspida 2/21/20

Response").

I. RATIONALE AND INTRODUCTION

Independent is submitting this filing with the Court because, once again, the Aspida

2/21/20 Response contains reiterated, as well as new, material misstatements and

misrepresentations of fact designed to mislead the Court and divert its attention away from the

subject matter of these proceedings. Most of Aspida' s material misstatements and

misrepresentations are entirely irrelevant to these proceedings. In the interest of not burdening the

Court's time, Independent will only address the most egregious, relevant item, as follows.

In Exhibit D of the Aspida 2/21/20 Response, Mr. Tamre F. Edwards, the Chief Legal

Officer and Secretary of Global Bankers Insurance Group, LLC ("GBIG") who is listed in the

Aspida Form A as Chief Legal Officer and Secretary as part of the proposed Aspida management

team, submitted an Affidavit stating in Item 13 as follows:

"Based on my review and discussions with the GBIG Management Team,

Objector's claim that in excess of $900 million of affiliate investments weremade

between July 18 and July 31, 2018 is not correct. About $266 million in such

investments were made during this period." Aspida 2/21/20 Response, Exhibit D,

page 3.

However, as further discussed below, Independent has reconfirmed that its statements

regarding the affiliated investments were true in all material respects and, in contrast, the above

statement by Mr. Edwards is not only misleading but appears to false in material respects, as

indicated by the 2018 statutory filings of the NC Insurance Affiliates, of which he was and is

General Counsel.

II. ARGUMENT

Independent has revisited the Buttner Affidavit and once again reviewed the 2018

statutory annual statement filings of the NC Insurance Affiliates, the insurance affiliates of

Pavonia, GBIG, Eli Global and Greg Lindberg (namely, Colorado Bankers Life Insurance

Company, Southland National Insurance Corporation, Bankers Life Insurance Company, and

Southland National Reinsurance Company), which contain disclosures in their original Schedule

Ds for all investments owned as of December 31, 2018 (the "Original Schedule Ds"), including

the name of the investment, the purchase date, the purchase amount, and the categorization of the

2

investment. Prior filings, including an affidavit of Mr. Edward Buttner (the "Buttner Affidavit"),

describe a surge of investments made by the NC Insurance Affiliates within the same time period

that the alleged bribery actions of Greg Linberg were reaching a cresecendo as disclosed in the

indictment indictment itself.

As mentioned in prior filings, Independent then matched the names of the investments in

the Original Schedule Ds made in the July 2018 time period to the investments that were

reclassified as investments in affiliates by the NC Rehabilitator in an amended filing in July of

2019 (the "Amended Schedule Ds"). For those investments that were reclassified by the NC

Rehabilitator as affiliated investments in the Amended Schedule Ds, Independent prepared a

schedule of those affiliated investments where, according to the disclosures in Original Schedule

Ds, the purchase date was specifically stated to be withing the period from July 18 to July 31,

2018. Independent has re-done this work, and has confirmed that the total amount of the

investments in the Original Schedule Ds that occurred during this period and were reclassified as

investments in affiliates that in the Amended Schedule Ds totals $927 million (See Exhibit 1

hereto). Independent further notes that the amounts listed in the Original Schedule Ds as affiliated

investments appears to $31 million, as per the attached summary.

Independent points out that Mr. Edwards' affidavit misrepresented the facts by swearing

under oath that "about" $266 million of affiliated investments were made in July 2018 when the

filings of the NC Insurance Affiliates, signed and certified by key members of the proposed Aspida

management team, indicate that $927 million of such investments were made. The following facts

remain undisputed:

• Among other things, the proposed Aspida management team is comprised of the

same individuals that, at all times relevant to these proceedings: (i) acted as

executive officers of the NC Insurance Affiliates, (ii) ran all day-day activities of

3

said companies, (iii) were directly involved in the creation of the Plan, including

the transfer of GBIG to become a subsidiary of Pavonia and (iv) key members of

which signed the statutory annual statements of the NC Insurance Affiliates.

• The executives and directors (i) listed on the Jurat Company Info pages (the

"Relevant Jurat Pages") of the annual statutory statements of the relevant NC

Insurance Affiliates are Lou Everett Hensley (CEO), Brian Christopher Stewart

(CFO & Treasurer), Tamre Farid Edwards (Chief Legal Officer & Secretary), Paul

Brown (Chief Investment Officer), Michael William Farley (Chief Actuary),

Raymond Martinez (Vice President, Regulatory & Strategic Affairs, Louis

O'Briant Belo (Chief Compliance & Aduidt Officer), and former senior staff

member of the NCDOI) and, under the heading of Directors and Trustees, Greg

Evan Lindberg, Thomas Wayne Crawford, Bruce Adolph Cromartie, Christopher

Eric Herwig, Raymond Martinez and John Duncan Gray and (ii) the executives who

signed the Relevant Jurat Pages are Lou Everett Hensley (CEO), Brian Christopher

Stewart (CFO & Treasurer), Tamre Farid Edwards (Chief Legal Officer &

Secretary). Independent points out that Ray Martinez and Louis Belo are former

senior staff members of the NCDOI and Greg Lindberg and John Gray are under

indictment, and are currently undergoing trial, for the alleged bribery of Mike

Causey, commissioner of the NCDOI.

• The investments in affiliates were authorized and implemented by the proposed

Aspida management team.

• [The proposed Aspida management team did not accurately report these

investments as investments in affiliates in the original submission of the Annual

Statement in February 2019. The investments were later reclassified as affiliated

investments on 7/19/2019 by the NC Rehabilitator after the companies were placed

into rehabilitation on 6/27/2019].

• The ultimate amount of the investments m affiliates exceeded the amount

permissible by North Carolina regulatory thresholds for investments.

4

• The NC Rehabilitor later confirmed the conclusions first published in the Buttner

Affidavit which stated that three of the NC Insurance Affiliates are all statutorily

insolvent.

[It should not be lost on the court, that July of 2018 was when the alleged bribery involving

Mr. Lindberg, his co-defendants, and the North Carolina insurance commissioner was coming to

a crescendo. It bears further mention that in the opening day of the criminal trial of Greg Lindberg

this week, testimony was given relating to Lindberg's early efforts to involve the North Carolina

Insurance Commissioner in efforts to pave the way with Michigan regulators regarding the then-

proposed acquisition of Pavonia m 2017. [See Charlotte Observer:

https://www.charlotteobserver.com/news/politics-govemment/aiticle240424146.html]

This material misrepresentation of the facts by Mr. Edwards to this court at this critical

time is a current example of the type of risk articulated about the Aspida management team by

Independent. Of concern is how Aspida did not deploy the appropriate resources to investigate

the facts that Independent brought to light about and surrounding the NC Insurance Affiliates

investment activities, which raise reasonable questions and concerns.

Furthermore, Ares has elected to attack the credibility of Independent, its distinguished

professional advisors, and a concerned industry association. In so doing, they have worked

relentlessly to distract the Court from its objective1. It should also be noted that Aspida has

blatantly threatened litigation at every step of the process against Independent and its supporters,

including the Society of Settlement Planners, an organization whose mission is to serve the

settlement planning needs of children, widows, and disabled people.

1 Independent reminds the Court that DIFS insisted that lndependent's only avenues to participate in the issues at hand have required Independent to file all information (including information for the DIFS Form A process), and concerns, through this judicial proceeding. DIFS has left Independent with no choice but to seek relief from the Court, and rely on its own submissions to ensure that the Court had this information available.

5

It appears, from the very documents prepared by the proposed Aspida management team

itself, that they either (i) misstated facts in the 2018 filed regulatory financial statements for the

NC Insurance Affiliates or (ii) have now misrepresented facts to this Court. Independent has done

nothing more than spot and point this out to the Court.

III. CONCLUSION

Independent reiterates that the Aspida filing was replete with misrepresentations or

misstatements of facts, including specifics - largely by gross understatement -- relating to the

affiliate investments made by the proposed Aspida management team.

IV. INDEPENDENT'S PRAYER FOR RELIEF

WHEREFORE, Independent respectfully prays that this Court enter an Order:

1. Providing Independent with timely access to due diligence information on Pavonia

sufficient to enable Independent to submit its proposal for the acquisition of Pavonia.

2. Allowing Independent to submit a proposal for the acquisition of Pavonia.

3. Alternatively, to appoint a Special Master to conduct a public sale process for Pavonia, in

which process DIPS shall be ordered to provide necessary support, and in which

Independent shall be allowed to participate.

4. Scheduling a hearing to determine what, if any, portions of the conference between DIPS

and the Court will be in camera.

5. Allowing Independent, subject to confidentiality, to attend and participate in any judicial

conferences regarding the Rehabilitation of Pavonia.

6

6. Ordering a mediation to resolve the issue raised with the Plan, with all of the Parties as

participants.

Timothy Volpe Florida Bar o. 358 85 tim.volpe@arlaw.com 501 Riverside Avenue, Suite 601 Jacksonville, FL 32202 Telephone: (904) 355-1700 Facsimile: (904) 355-1797

DA VIS & ADAMS AND REESE LLP

7

CERTIFICATE OF SERVICE

I hereby certify that on the 2ist day of February, 2020, a true and correct copy of the

foregoing was served via hand delivery upon:

Clerk of the Court Ingham County Circuit Court 341 South Jefferson Street Mason, MI 48854

and via e-mail and U.S. First Class Mail upon:

Christopher L. Kerr I James Long Department of Attorney General Corporate Oversight Division P.O. Box 30736 Lansing, MI 48909

Ryan Shannon Dickinson Wright 215 S. Washington Square, Suite 200 Lansing, MI 48933

Lori McAllister Dykema 201 Townsend Street, Suite 900 Lansing, MI 48933

Hon. Wanda M. Stokes Ingham County Circuit Court 341 South Jefferson Street Mason, MI 48854

Ellen M. Dunn Sidley Austin LLP 787 Seventh A venue New York, NY 10019

Stephen Schwab DLA Piper LLP 444 West Lake Street Suite 900 Chicago, IL 60606

8

Exhibit 1

As Originally Filed As Amended and Re-Filed

Acquired Acquired Insurer Company Date Actual Cost Category Date Actual Cost Category

COLIC Baldwin Asset Management, Inc. 7/19/2018 30,152,832 Bank Loans - Bank loans - Issued 7/19/2018 30,152,832 Parent, Subsidiaries and Affiliates - Issuer Obligations

COLIC Capital Asset Management Ill, LLC 7/19/2018 29,775,000 Bank Loans - Bank loans - Issued 7/19/2018 29,775,000 Parent, Subsidiaries and Affiliates - Issuer Obligations

COLIC Capital Assets Fund I, LLC 7/19/2018 21,773,063 Bank loans - Bank Loans - Issued 7/19/2018 21,773,063 Parent, Subsidiaries and Affiliates - Issuer Obligations

COLIC Chatworth Asset Management, Inc. 7/19/2018 28,727,232 Bank loans - Bank loans- Issued 7/19/2018 28,727,232 Parent, Subsidiaries and Affiliates- Issuer Obligations

COLIC Chianti Bidco Project Heart 7/27/2018 29,140,000 Bank loans - Bank Loans - Issued 7/27/2018 29,140,000 Bonds - Bank Loans• Bank Loans - Issued

COLIC Oemascus Asset Management, Inc 7/19/2018 25,115,604 Bank loans - Bank Loans - Issued 7/19/2018 25,115,604 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Ephesus Asset Management, Inc. 7/19/2018 27,919,060 Bank Loans - Bank loans - Issued 7/19/2018 27,919,060 Parent, Subsidiaries and Affiliates - Issuer Obligations

C8LIC forest Park Asset Management, Inc. 7/19/2018 20,228,773 Bank Loans - Bank loans - Issued 7/19/2018 20,228,n3 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Global Insurance Capital, LLC 7/19/2018 8,508,191 Bank loans - Bank loans - Issued 7/19/2018 8,508,191 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Hampton Asset Management, Inc. 7/19/2018 27,9SS,029 Bank Loans - Bank Loans - Issued 7/19/2018 27,955,029 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Iron City Asset Management Inc. 7/19/2018 31,036,644 Bank loans - Bank Loans - Issued 7/19/2018 31,036,644 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Jackson Asset Management Inc. 7/19/2018 30,164,157 Bank loans - Bank loans - Issued 7/19/2018 30,164,157 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Kite Asset Management, Inc. 7/19/2018 38,552,815 Bank loans - Bank Loans - Issued 7/19/2018 38,SS2,815 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Lares, llC 7/19/2018 5,607,625 Bank Loans - Bank Loans - Issued 7/19/2018 5,607,625 Parent, Subsidiaries and Affiliates- Issuer Obligations

CBLIC lily Asset Management, Inc. 7/19/2018 39,800,000 Bank Loans - Bank Loans - Issued 7/19/2018 39,800,000 Parent, Subsidiaries and Affiliates - Issuer Obligations

C8UC Marshalla Asset Management, Inc. 7/19/2018 41,505,518 Bank Loans - Bank loans - Issued 7/19/2018 41,505,518 Parent, Subsidiaries and Affiliates - Issuer Obligations

COLIC Paradise Asset Management, Inc. 7/30/2018 39,800,000 Bank loans - Bank Loans - Issued 7/30/2018 39,800,000 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Rockdale Asset Management, Inc. 7/19/2018 39,800,000 Bank loans - Bank Loans - Issued 7/19/2018 39,800,000 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Summerville Asset Management, Inc. 7/19/2018 2S,093,743 Bank Loans-Bank Loans-Issued 7/19/2018 25,093,743 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Tybee Island Asset Management, Inc. 7/30/2018 31,302,369 Bank loans - Bank Loans - Issued 7/30/2018 31,302,369 Parent, Subsidiaries and Affiliates - Issuer Obligations

CBLIC Standard Financial LTD 7/19/2018 3,819,822 Parent, Subsidiaries and Affiliates - Issuer Obligations 7/19/2018 3,819,822 Parent, Subsidiaries and Affiliates - Issuer Obligations

COLIC Lombard Street llC - ABS 7/31/2018 60,000,000 Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities 7/31/2018 60,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

CBUC Lombard Street II llC - ABS 7/31/2018 60,000,000 Industrial and Miscellaneous (Unaffiliated) - Other loan-Backed and Structured Securities 7(31/2018 60,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

C8LIC Marsellle Eln 2018-1 LLC 7/23/2018 60,099,262 Industrial and Miscellaneous (Unaffiliated) - Other loan-Backed and Structured Securities 7/23/2018 60,099,262 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

CBLIC Pierre Mendes LLS -ABS 7/24/2018 60,000,000 Industrial and Miscellaneous (Unaffiliated) - Other loan-Backed and Structured Securities 7/24/2018 60,000,000 Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities

CBLIC Whitehorse 2018 I, LLC - ABS 7/23/2018 60,097,104 Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities 7/23/2018 60,097,104 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

SNLIC PBX Bermuda Holdings, ltd. 7/30/2018 200,203 Parent, Subsidiaries and Affiliates - Issuer Obligations 7/30/2018 200,203 Parent, Subsidiaries and Affiliates - Issuer Obligations

SNLIC Lombard Street, LLC. 7/31/2018 9,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities 7/31/2018 9,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

SNLIC Lombard Street 11, LLC. 7/31/2018 9,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities 7/31/2018 9,000,000 Parent, Subsidiaries and Affiliates • Other Loan-Backed and Structured Securities

SNLIC Pierre Mendes, LLC 7/24/2018 9,000,000 Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities 7/24/2018 9,000,000 Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities

BLIC Lombard Street, LLC. 7/31/2018 6,000,000 Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities 7/31/2018 6,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

BUC Lombard Street II, LLC. 7/31/2018 6,000,000 Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities 7/31/2018 6,000,000 Parent, Subsidiaries and Affiliates - Other loan-Backed and Structured Securities

BLIC Pierre Mendes LLC - ABS 7/31/2018 6,000,000 Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities 7/31/2018 6,000,000 Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities

BLIC TAC Investments, LLC 7/31/2018 S,472,152 Bonds - Bank Loans - Bank Loans - Issued 7/31/2018 5,472,152 Parent, Subsidiaries and Affiliates - Issuer Obligations

926,646,198 926,646,198

As Originally Filed

m ..... ·o, ().) N

ANN!JAL STATEMENT FOR THE YEAR 2018 OF THE Colorado Bankers Life Insurance Company

COdes a r4Ts

F 0

r

SCHEDULE D • PART 1 ShQWin

f~!tY!!~~ 10 s I a

e Designation Rafe Used Book/ J and Admiti- =to-Obtain AdJuSted V81uation Curi'en1 Year•s

custP g Bond lslratlve Actual Fair Fair Par Carrying Increase/ (AniOnlzalion)I

15

ldenlJHCStlon Descrlotion Code Ii CHAR Swnb0.1 Cost va1ua Vafue Value Value mecreasel At:tretion ('-.::=,, .... ,:;u liMl"\.v,,

N:ll65P·AY·t .ENECO HO).DlijG !N ........ ~•····· .. ·'·'· •..•••.•. ,Jt . .•. -2 ..... , . ..• , ... ,fE. ..... , ••... 1,698.192· ..... ;102 .. 6260 ...... .1,56!j,OD8 ........ 1,524.962 ., ..... J,6.M,981 1------+··•• .. ··'" .. '·'-·[19.375) ,r T~9P·C!l,8. .ENEL S/'4 . .. .... , .... ···-··· •• £. ....... ..2. ....... , ...•. a.. . ..... 2.,462.941 ...... 103 .. 4500 ....... 2;365.177 ...... .2.286.JOO .•..... 2,378,SQO .46.78811------~·

:i~;~i~i;i~i,~:: :;;: ~'i: ~i:i~]i: ::._::::::t::~,t~, ' F6881D.•AN•O •. ORA!,1;£,SA •• B.. • 7Ff. .......... 3.731,056 ... _.105,2000 .,_ .. J.608.090 .... -3.429,450 ........ .3.671.035 ..•. ~----+----· 8425{i7;CY•t S!IUillERM C0 ..•.•.. ~-~-,-1 ....................... 2.5 •••.......•.. :lfE. .... ····-·•····5, 165 ....... 96,:i74ti ............ ..4_&19 .......... 0 ... 5.000 ...••.....•... 5, 145 t R004n•AH-9 .. STQ!lEl!RANO UVSFQRSIKRINGMS ............ B .. ······2-'5 ... _. • ., ... ,2FE. __ ......... 2,910.275 ...•. 113.0500 ······2.,!i84,662 ....... 2,286,sOO ...... ,2,m,559

l l$&!H4,l,7 .. TALANX- F!NANZ (WXEMlOURGJ ·~4 .,.,., ... , .. B.. ... , •..•. 2,5., .•... ., •.. ,"2FE.,, ...... ,, .. !1,431,228 •.. ,,J20,t¾'i0 . ., .... .A.•137.460 ., ..... ,.J.42,g,450 ......• !l.211,074 A909BY-AA·6. 1/tilQA JNSI.IRANCI; GR!lll' .AG .•...•.. ,, ....•... .. B .. ...... 2.5, . .,. , ., •.• 2fE. ..•........ .2.,777.555 ... .,.IJZ.4030 ...... ,2.569,870 ....... 2,266 .• 300 ...•..• 2,692,333

·--1~l. __ . .j.., .. ~~1 ....... ~~:~!~~ 1 ...... 26.(~fi~~ 1 ...... 27.~1~,Qoo'

16 17

&X XXX

lnterest 18 I W

™-XXX

Admitted AmOUnt DiJe&

37.1,167

371,167

...•....•. ~.601 • RIA .. ..• ~= .. A,219

:·~·::::Jm :J/L ::::::::=l~t~ ••.•• s, 14.139 .• ,NiA .. ·•-····".475,014. , .• ., .......• .4,523 ... ,NI/., •. .•.. ., .•...• 20,433

I .... N/A .• ···•··· .. •··.50;769

20 Pates

21 I 22.

Stated Conlradual

Matu~ly

0

ANNUAL STATEMENT FOR THE YEAR 2018 OFTHE Colorado 811nkers Life Insurance Company

SCHEDULE D • PART 1 owi Sh

• J

r

CUSIP D~c;;ripti_c,n C:odei ~

~-o· Cw w

s F

Bond.

6 I

I NAIC Designation: andAdmin-

lslratiW>

7

12.623.:716

515,336,030 916,521:015

FalrValu~ 10 s I 9

™-XXX xxx

12,509.5!!1 9_,_542;442 I 12,505.018

506,048,012 518.463,991 512·.616 710 697,911,975 915,764.798 914.ii66,351l

12

Unrealized V8hi8fton 1ncrease1 Decrease·

_Q_

CurrenlYear•s (AniortlzationV

_Accretion

1'1QValUe 14

C!-Jtc!'!01 Yea(s. Other Than

Temporary impairment Recognized

0 572,262

1_~

Total Foreign

Exchange Change

In B./A.C.V.

_Q_

16

MK 2,953.875) XXX ;i,002-4.321 _ _xxx

17

I~ XXX

Interest. 18

XXX

XXX m

19 20

~ 4<7,217

8 100.514 3,029,403 . 6 56J,il62 ~9.619 521

21

XM XXX xxx ..

Dates

· ............... ,J~.···•····· .... · ....... ~ ..... · ....... ,. ........ 1.· .••. , ...... _ ..... · I · ·, · ··· ... -_ .. , -t-·-··-·.,, ........ ,.·· .. +·•···•·····•·•·--· ••.•. ··•··1·-·•· ... · :.· ,-v .. ,·.···•··· .. • -., ........ . ,•·- ....... -··1-·-:· .••• ·.·•--· ✓-· • 1-··-·· ·, ,-__ .... J-........... :-· ............. · .... + :·· ✓ .-.-•• ,, , .... +·; .. -.,., .....•. ···. f-· .. -, ·: ·,__,, .......... .-:

2,215.173 xxx: 2., 168,921.940 12,391.692 ,49212.206,581 ,761 422,446! 573,15! 9., 181 ,ii60il xxx_ xµ xxx 2s .8.l4-:;SZJ I oo ,~~01r; x~

22

XX)(

-xxx:

m ..>. 0 (,) 0)

6

0

r NAIC e Designation' Rate Used i andAdniin- to.Obtain

CUSIP· g Bond: lslratlvo Actual Fair ldenlificaUon D=crlnfion Code ~ CHAR S=bOI cost Value

.... , ... 1,Q04.6J() .. , • .100.4510 907818-Ef-1. ~:tn~~~f ~Ti:tof·'"··-' '··'"··'·"·'· '"-·--L .. , ........ Jf!L . 911308-M-2. MIERICA. INC ............................................................... .1FE ..•..........•...... 1, 175 ...... 1(16:2250 .913017,CM•9 .. IINJ"IED ·IB:ffNOLOGIES CORI'··'-·· ..... ; ... , .,, ••.•.• ., .•.. L,. .. _. ,.,., .. 2FE..❖_. ......... 981.900 . , ... ,SS.119:l

;~:t~:t ~;~mt~WrR~~s:::'~·.~:· ::::::: :':::: ::::::¥'.L:: :::::::]::::: :~::::::~rm :=:::iii:~~ 923431'-AK-O .. VERIZON C(ii.1/jtl'HCATIOHS )NC ... , ....................... .I. .. ,. .••. ,. .. ,2fE. ............ .• ..6,150 •..•.. 115 . .Jj(;ij 92343v,cN, VERl20,~ COl,lll'JmCATIOtlS INC. ............................. 1 .•........... ;2FE., ............... ~03;560 ....... 100:6550 92343V•Cl!•5 ... V8!120N Clill!liJNICAHOOS INC. ..................... , ...... ..1 ........ · ........ 2F.E. ..... : ....... :1,094 .• 830 ........ 99.6130

l!ri:;01~ 1][~Eti11 ~ii ~~mt ~Mll?ii.:·.~::~~.:~::::::.-:.:'.::::.:: ::::::: :::~·. '::J'.L;: :::::J::::· :=::::;-:sag~ :~::ii~:~mK I 3299999 • Bonds.- lllduslrial and·Mi.soellaooous (Uflaf!iliale<I) • ·issuer

1~,~9.Jl34 XM -8arJted securit•••·

.... , ............... 4 ....... j ........ lFE. ..... j .... _ ... 185,640 ( ...... 100 .• 0000

·:~:: i::::i:!:'.ii: ·::'.:::::~::::: i::ii:?~~~ ........ '!" ............ 4 ............... .i~E... ... - ..... -.16,187

..... 1Fla .................. 86.651

Yeai's:

Book/ Unrealized AdjuSted V.iltiatlan Current Year's

Fair Par carrying Increase/ {Arrio!tizaliOn)I -Value Value Value IDecreasel Accretion

Other Than

TempoiBfY Impairment Recognized

Total Foreign

Exchange Chang·e

In. B./A.C.V.

_, .. .1.004,ijJO ....... 1,000,000 ., .. , .... 1,004,079 1---~---1--------1551l1---=---1-=~=

Admnte<I Amount Effective Amount ReC.

Rate Rats When Due.& During of of Paid: Accrued Year

........ "J.;100 ..... - ... 3.025 ..... )Q, ..... _ ......... :2,044 ... - .... 1.6 ,0.00

:::::i]~:i~ ::::::T~:I :,::::;::::::~i:! :::::i:·:::::·::::·; .. :::·: .... ;· .. __ :::::~::::J!f :::·: ::.::· :~: .... :.:·:·: :::;:i:i::::::::::::: :::::Ji ·::::;:.:J1! :::::t :::::::::]:f. ii::ii~:~~;

~!i ~~i~~i i:::~::::: :.~=,:,=t=='0"'" :~:::.'~ ~I :g; l~~ ~~J

j ........... 175.183 j ........... 175, 183 j .......... J81, 146 f, ......... - ............... t !f ............................ , ........................ , ........ 7 .980 .......... :7 .56fi .... NIA. ............... 13;980 ............. 1.165.

.,100.0000 l••·--...... 510.540 , ......... ,510,540 , ............ 525,2ll4

·-····-13.203 ............. 13;203 ......... -.13.,220 1-----+--------< ...... A.. .. ,.l,. ...... lFE. ..... j ................ ,_ JO ! ....... 100.0000 I ., .................. 1P ... ..10 .10

........ , ... ..7.409 .,.,NIA.,. ; ..... : ..... 29,675 ........ ,.,8.15l

'I I ,_...,, 430 .• - .... ..7 .370 ... ,Nil,. .. ............. _ • .148 ............. 817

......... 7.430 ........... 7.sl46 ... HiA. ....................... 0 ................. .1

f:===-:::1=:::::: ::~~ ='::(! !=::::::~ ==:::~ :!:!= !!= 111-------+----+--.1· ,430 ........... 7 .357 ... NIA, .. , ....... _ ..... _.ll9

...................... ..._ __ _. ...... ..7.430 ........ , .. 7.358 . .NIA., ... , .... , ............ 531

........ 7 .875 ............ 7.352 .... NIA. ................ 3, 188

XXX ;gx XXX 47,8-13

.~ f:::::·=::::::::j t=~=J :~ .............. , .... D

..................... 0

......... :::··~rr_· _··. ~1

:~:::!:: :::ii::::::'.~! li>i~:~!.I::::::.~::::~~:~~ f···· ............. , ... .

...... 100.0000 ........ _ ... i6,026

...... 100.0000 ., .......... 85,793 ............. 85.793 ...... ,.MBB.057

-, ....... 485.793 ........... MlS.793 ..... 504.264

~

............ .1, 157

...... , .. , .. 6,374

......... 38,256

ANNUAL STATEMENT FQR THE YEAR 2018 QF THE Bankers Life Insurance Company

SCHEDULE D - PART 1 Shaviing All Lon9-Term BONDS Owned Oecember 31 o[ Current Year

7 F,ii!r.V~!lJ~ 10 I 11 I Change iil Book I AdJuste<I Ca ngValue 14

CUrre!lt I Interest I -Dates 9 1~ I 1~ I 1~ 16 I 1? I 18 I 19 I 20

]iitlltt~i If If ::~;~}~J~~i~i~JI I li~lll i35,343.173 1~_,ZMi~73. 136. 117,101 29.:w Y.XX xxk ixx 1.11[,fil 1J<!t_W

21 I 22

Staled Contractual

Maturity .A uited Date

... D8120/201B .... ... ,06.108/202L

,Jgg;;~1L ... 05/231201.7 ... . .... 11/13/2018 .. ~ . .... D3i ,u,.u,u., ..

=:~m:~1~:: :::mm~~:::: XXX ill'

• .. 07111i2001... .... 01/0.1/2032 .. ..

... «12115/2016 •. , .... 06i0112032., ..

... D5115i2D!ia ... ... 00/01/202L..

... Jl/15/2016 .. , ... 06/0112019 .. ..

... J)511412002. ...... 09./25!202:L

... .12115/20.16 ........ 02/2512024 ... ..

.. ..12115/2016. ...... li61011.2029 ... .

ANNUAL STATEMENT FOR THE YEAR 2018 OF THE Bankers Life Insurance Company

CUSIP I I

• Codes _j 314~

F

6

0

r e j

lgl Bond

7

Actual Cm>t.

}9.,021,0!P

176.767,289

SCHEDULE D - PART 1 Fair Value _

a I s

Rate Used •ta Obtain

Faii'• Va!M_e.

Fair Value

Showin 10

Par Va~

Bookf Adjusted Carrying

Value

w; "7,687.2191 3$;998,868 I "~_.02JUi05

XXX. i14,;J63.539 I 1tr.12e;4211 11a,510,2-0:i.

12

Unrealized Valuation Increase/ Decrease

0

Current Year's (Ani!>rllzailonV

Ai:creVon

2i,129

1n 14 1~

Current Year's. Total Other Foreign Than Exchange

Tempritary Change lmpalrmem In. R niZed BJA.C.V.

.o

16 1? 18 19 20

Admitted Amount Effecilve Amount Rec.

Rate :Rate= When Due&· During of of Paid: Accn.led Year

·~ ~L XXX 707.572 147 472

xxr 1.870,841 1,24?.796

21 22

Staled COntracruat

Maturity .A ulred Dallr

XXX XXX

xxx XXX

I

rl··· ........... L .... ~ . .J ......... J.~ri L .... mJ~~ ·.:·:_::·~f· .. ··············· ......... t - 11.753 K;_c:]I

11,956 XXX 11~

Value Interest Dates

·::::f~f~~ ::::::U~:~ ::::J]~:1il :::·:·:::~:::~::=:::::r :::·::::::·::::::·::-.:::::J :::::::::::::::··:·::::::o ·:::::::::::·:Jr ::::::::t~ :::=:-:J~ J;L::::::::~:~· .... _.J32.,979

;f ]j:; \~'.l~im :+liiffl :::~:i::=:i::~~J :::::::~~::::~:~:::::;j ·'.=i'.:'.::'.i::!] }\II~] E]!ffl \}Ill II'.'. f Ef {iii :;;;;;t~:r~ t::

rn ...,,, O: c,., ~11:1 IiiiliJII ~1~ ;~ii ti~] I!~I!i ii :1~11~1 --.i

=-,,,,,,,,,·o· ~'·""""O

•·--···············-·"-0 t,-----················ ···· ...... o , .....•. · ......... o ·-··-· · .... · .. · .. ,n

39,241.914 108.985.997 296,744,72\l

XXX XXX m

37.900.180 107 .848.124 292.912A91

39,1913.BliB 110,044.580 297,@]J0J

39.235,174 100.11g,983 296~0;!4,424

D.

·········-········· .... ····•·•~ ..... ····-·"·" ...................... = ·-······--·· ... ····•·· ,.,. ...... .... 09i12J2022.. (390 78411 XXX '6 531.975 XXX. 1.299 217 XXX XXX XXX (390,78411 XXX XXX XXX 1.299,217 6,531 ;975· XXX XXX

xxx· .. 0. XXX XXX XXX 1.204,543 1.353 438 XXX I

XXX 47 B43 58.an XXX XXX XXX XXX

o I ol XXX XXX 110,144 156,612 .xxx XXX XXX. xxx. XXX 6,531,975 59.400 I 1390.784ll XXX XXX 1.299,217 XXX

59AQQJ__ (:19().784) xxx~ _¥X , ·XXX: _ J.261.746 8..J!!</.1Q1_ -- XXX JXX.

ANNUAL STATEMENT FOR THE YEAR 2018 OF THE Southland National Insurance Corporation

SCHEDULE D - PART 1

4 I 3 F 0

CUSIP·

.. , ........... .6.358 1,m

,732

Fair- Carrying

____

ShQWing All Long-Term BONDS Owned Oecetnbi!f 31 of Curll!nt Year 1 ... ,,.,.__ .. FalrV:~!!l.1e 10 I 11 Chan io.Book/.AdustedGar n Value CM"" 7

ii s I a 12 13 14 15 ,o I . C!Jtreot; ..

I ,o I

Year's­Olher

ReleUsed Book/ Unreailzed Than ·l<fObtilin Adjusted Valuation Tempaia,y

Actual lflcrea'sel 1111p;,1rmen1 Rate I :Rate· !When I Cost ReCOgnlzed 0-•· ==o

·p:1

Admitted Arrioi.Jnt: Due.&

.Dates 20 21 22.

Amount Siated ReC. contractual

During Maturity

:6J:~J ~~;,f~ii'iifo::::::::::::::::::::: ::::::: ::fr::::::::::::::::: ::::::Jrk:. ::::::l~:~:~ ::::::m~:~ :::·::U~:: 1:::::1&:~:~ ::::::l&:roo:: i-··-···--l 1······-··-··· ·! r»··-:! !:::::::::::::::::J ::::::J~ l:::::::::::Ut l:::~t :::::::::::57::.~~ ::::J~K: ::::l::l:::::U~:~ .... , ............ J .......... O ............... J .:::::::::::::::::::8::::::3:~ ::::::~::u~ ::::NJo~:::::::,:::JltfJ ,s ....... , ii!t!l S1i~1s~·w~~~·::;~~:::::~::· :t :::::::t::~:: ::::::Jt:::: .::j;5:!. :=:~1!J! ,._ ....... 5,80!!.66~ ........ 5,969,849 ..•..... 5,989,849 ..................... ,., .• :0 .. : ............................ 0 ........ , ......... , .• ••:·••.,O ..• , ................ 0 .,.~ ..... 4.,52$ ........ ,...4,523 . .,.N/A ................ 24,519

05777ii•AA-6. BILDllN ASSET M.ANAGEMENT, INC ....................................... 2PlGI .•...•... .J0.,890,043 ..••.• 100.6900 ..... J0 •. 965.184 ••. ,..10.,890,043 ..•...• 10,890.043 ........................ 0 .............................. 0 .......................... 0 .••.. , ......... .a ••• D ........ ,5.413 .......... .5.413 ... NIA .• .......... .1()4.500 OAM!SCUS ·ASSET ·IIANADNT. .. ........ 0 ~~--~---· 23tlo·:.AA_.t INC............... .. if ...................................................... 2~LGJ ........... 9,070,.7ll0. . ....... 95.·f·OO· ·•·· 8.6~r445 . ,.9.070,790 • 9.070,790 l'~ • ... • .. .. 0 l--- ............ 0 l--· ......... 0 l ..... 4.422 l .... .4.422 l.,NIA..j •·. 65.748 l•· .. 2~3.357 l .11/15/2017 l·--12131/2027. 2941211 Mo. ~J:Jf~~~~~Nt~· ..................................... 2 LG ......... .10,083.200 ........ .95. 20Q ....... 9.6, .725 .... ..10,083.290 ..... .10,083.290 0 ..................... 0 ............... _ 0 ....... 4.436 .......... 4.436 ... NIA .......... 11,671 ...... 362,097 . .11/16/20R .. _f2/31110Zl ..•.

34810il·M•5. INC:.. .......... :.: ............ : ....... : ...... , ........ , .............................. 2PLGL ......... 9,271.521 ....... DS..9800 .•...•. 8,898.806 ...•. 9.271.521 ..... 9.271.521 0 ........................... 01 ·· ·"······•·• ........ D ( ..... , .. A.441 [ ........... 4.441 I .... NIA •. J ............ .61.667 [ ....... JB0,619 [ ... J1/17/2017 .•. J .. J2/31/2027 ..•.

.400!)5#-M,6. :tI°.'.'.~~E: .. ~~~~~: .. :1.~-. ............. ~ ........ 10.101:648 ....... Jll,.2708 .... 9.724.857 ...... 10.101,648 . 10.101,648 ................... , ... 0 1----·0 ~ .................. 01 ........ .5.700 ,,, ......... 5.789 , .... N/A ... j ...... _ .. 109,142 ( ....... .730.000 l ... 02/02/2018. l .... 12/31/2028 ... . l)iOtl CIT.V ASSET !MNAGEilsl'IT.

... -·--· -· __ o , ...................... o., .......... 5.789 , ........... .5.789 , .... NiA .•. j•••·•·>·•··•.56,720 t ....... M5;094 t.,.02/02/2018 .... ~ ..• '12/31/2028 .. ,.,

......................... 0 .................... 0 ........ ~.!!(IQ ............ 5.900 ••. :NIL , ........... tQS.787 ._., ... .642;952 .... J1/0112()t7 ..•. .,..12131/202] ... . =:~l J~~i~:i~Si :::::::: ::::: :::::::::::::::: ·::::::2~E'=:· ::::::::H~;ti :::::!:i :::::t~:u! ··:·.:~H~tti ::·::t::: : ::::::·::::: ~::::.::g m ..... ...... ...•.. ..... 0 ................... D ........ ~.789 .......... .5.71!9 .•. Ni~ ............. liS,095 ...... ,.A12;861 ... D2/0,1201B.., .... .!2131/2028 .. .. ..... ·o: 0 I•. ••.,··•••·.·••-•.o: (Tl

, ........................... o l ............................. :78 i ......................... o I ................... o "'" _. ___ .... O L............ ..122 917ll. .... .. ........... 0 L.. ................ D

................... ·--···o ,;:;;:~ 1 R985J

~· 25,824

77.7fil!.,_®ll_ XXX

·- ........ 0

, ............. 0 ~-~o

D o_

.918 ....... _ .. 11

'7.497! 31,336.

XXX XXX· 363.263 XXX XXX 1.1::~: xx xx 697.881 XXX 11.482/W m

As Amended

and Re-Filed

22

ANNIJAL STATEMENT FOR THE YEAR 2018 OF THE Colorado Bankers Life Insurance Company

SCHEDULE D - PART 1 ·f I 2 L Codes 6

3T°4- ~. F 0 r NAIC e Designation I alidAdmin-g Bond Isllative

Code ii CHAR s bol

·7

Actual Cost

Showln All Lon ,Term BOND.S Owned o~ember.31. of Current Year Fair Value 10 11 Chan iil Book/ Ad usted Ca Value lnlerosl Dates

8 9 12 1.~ 14 1~ 16 1? 18 19 20 21 CUtcent. Y&ar's.· Other

Rafe Used Book/ Unrealized ·Toan Exchange hl 6d Admitted

I Amount

I to Obtain Adjusled Valuaf10n Currenl Year's Temporary Change Effective Amount Rei:.

Fair Fair Par Carrying Increase/ (Amortlzalion)I 1mpairmant In Rate Rate When. Due. & Durtrig Value Vale Value Value Decrease .Ai:cretiM Reco nlZed B.IM:.v. of _ of . Paid: .... AcclWd )'ear Acquired

, ................... , ..... ,-.. , ... ~: ..... ,.., .•.•..••. 20,M!4 f ............... ,,.·--·--·,--·,f--,.•····•,··----,·--·--1 1------f~----J--,-........ ··,.,.·,,.v f--•· ....

l•···· .. ················•···t::·:::::::::::::::·:·:::::Joi'l~:::::::::::::::::::::::~:f :::::::~::~:::::~~: .:::::::::::: m _.,, ... ..2a,176,P69 j ... .. iB,121 ,232 1 ..... 28,i?l .232

0

~

" "ii 1:iii ;~:ii :E:ii ;:~~=:i ~i~::;l::_::;~;~;~=~~;I;:,Ji

I ~led Contract~at Maturity

OJi!Jf

.~::=::::;:: •:::~::: ::~::;:::~:::· ::::;:!::~:: ::~::[~;;:;!!:;:::

:~~~ :_i~~ii~:::: 1=1-~=:::: .,,,,l!HIB.977 L ... 31.Q:i<i.~4L .. ,,31..Q;l6.7n ................. __ ~8' ~ .. ,,.,,~ . .I!l!/.L.,,,,,, .. ~.I!l!/ L .. ,N/LL.=~~.,().1(!·

., .. 29,039,034 , ..... 37 ,554.297 ...... .,5,352.478 .... .!!8,773,160

f. : .•... : ............ •·•·--:t··•· ..... · · · .. ----:· .. ·-~· 1., ....... : ... :~··::·::··=t-··::::::=:::~·~:;3::~:-:~i:ffl t::::~li t~::~tt~:::·~:'11:a·

..... ;5,554

20.9.12 0. '272,112

·1 I 2 I Codes TT4 ~

F 0

r e j

g Bond. n CHAA

m -->. C,: (,) c.>

·t ·

6

NAIC Designation andAdrnin-

Islratlve s bol

ANNUAL STATEMENT FOR THE YEAR 2018 OF THE Colorado B1mkers Life Insurance Company

SCHEDULE D - PART 1 Showln All Lon °Tem, BOND.S Owned D

7

Actual Cost

F.alrValue ·B 9

RaieUsed to Obtain

Fair Fair-Vafue Vall!~---

.......... 977.525

12

Unrealized Valtiali<>n increase,

__ (Q~-~~ase

mber31 o[Cu!fflnt Year Chan iil.Book/Adl/ste<ICar n Value

1~ 14 CUtre!ll Yea(s Other Than

current Year's Temporary (AniOrtlzali<>nV lrnpalrmenl

Accretion ReQQQrilzed

Interest. Dates w 17 18 1~ 20 21 1~

Total Foreign·

Exchange Amount Change Effective I ~ Amciiinl Admme<I ReC.

10· Rate During R:e ~~n _ !:!i B./P.,Q.V. of Year .A uired

. ...... 8.619 I .... NIA....I.. ........... 21).075

-:::C::l:l ::,cl:::~ :::i:i:::i:: r===:·--r--•-- ----1--=:::::''~t:::·::::·:::·::::::t::::::::?:m t=:=::3::~ t;::i~:]::::::::·:J:~~· t:::~::::::~~ .... ,15.774,a~ .... J5,!16Q.ooo ....... 15;9®,ooo ...... , ............ , ........ , .................. , ................ , , .......... , .... , ........................ , ....... ... , .. , .. 1 .~.53 .......... .7_.91!1 .. !IJSD ......... , ... Ao,529 ........ n2:r3r .•. ..14.~1.1sg ...... 14 ... 811.~03 ...... 14 .. 817,76!). __ ................ ___ , _____ -=:-------------- ______ . -~"-"' ______ ,., ---'!-- •-· ·--"'•'" .. m,m ...... 13Jl52,40 ..... ..14,000,000 ...... 1J,8p6,6~ ... ,, ......................................... __ .... ,6,~ .................................. , .. _, ..................... , .. 7.881 ........... 8.124 ..• .li\fJo'!. .............. .66,Slil) ........ 11;1,781

10 11

Book/ Adjusted

Par Carrying Value Value _

......... 987,399 .. .

r,Gl. .• .i.. ...... 5;547,8271 .... , .. ll6.5200 1 ...... .5J!54,762 ....... 5.547,827 ...... Ji.547,827 . ... .. . .. . . . . . . . . . 2.218 ......... 12,391 .... NIA. .............. .65,626 ....... A71,936

. . .. ~f!.~.- :::::1;:~ :::::Jrn: ::::IJ~J~i ::;j:::~ :::,:1~:~ :: .......... · .. : ... ::: ... :::::. ~::.(.~~,01. .:::::::::::::.::.: .. :.~: ... ,. ---1 __ ..,,___J __ J.000,000 __ _,,_.,.. --"·'"·"' --"·""·" ..... , ....... ~- - - -- . . . .. .. ... .. ... .

............... ::::~jrt::4::::a:~t! ::?Ut ::JH1H1t ::Ji::a:: ::~:;~:;J! :·ii:i:i:~;~:::i;;il:::..:·:.::.: .. ::·:::::• :·:::::.:: .. :·.:·:::·:::: .. 3/'L ...... ,96.5900 ( ........ 3;988.047 , ...... 4.128,840 ! ...... A.128,840 ~

'.mi ::..-::J~ J!L .::::.::::~:~i ·:::.~:tt: .... ..... ... __ ,,. ..... ___ ,.,,, . ·---.. 52,377

lm ::::·::::Ii :::~li<::::i::::1~1:m :;::2:;:rsi .... ........................... ,NIA. .............. .66.06.1

12,623.716 I s1s,11a.030 I 268,052.979 I

XXX

XXX' XXX

I 12,509.551 I 9:542 442 I 12,505,028 I I 506,00,0,2 I 518 463.991 I s12,a1a 110 I I 262,BJ2,!lW I 261,4!>5,061 I' 266,155.930 I

0

0

0 0

1188.537)

(237 5531

234.541 55,127

0

0

0 512 262·

0

0

r2;053Jl7~ !2&10 .. 320

m .XXX

XXX ,xx

)XX

XXX

XXX iXXX

XXX

XXX

XXX' r.ix

2&.619.

68 743

·8,100.514 2.659'438

400.952

427,2.11

·3,029 41!3 )5.002.,912

XXX

XXX

XXX XXK~~

22.

Siated Contractuat

Maturity Date·

XXX

XXX

ICXX XXX

ANNUAL STATEMENT FOR THE YEAR 2018 OF THE.Bankers Life Insurance Company

SCHEDULE D - PART 1 ShoWl!l

·1· Codes FalrVa.h!_e lnlerest 7rs

10 Dates 15 1a·· · fr 1n'°"'""79 ··20 21 ·1 . 22

·F ·o

Book/ ,Amount Staled

j Adjusted Rec. Colltr:actoal Fair f Par Carrying Rate During Maluiily

V31ue Value Value of cc ..... ,:ili/2)i10 ,.,.,.·.,a~00.000: ,

:::~:1.:::~:r~ .... , .. ,-.. 403.1.17 ·

[~:?1::~9.I:~J 1· ·-~;,.~..1 ASO .~,,..1.62~

:=~ .. ~:;;:'·::'.OH~ 1: .................... : .....

:::~:t:J:ili ,__ ____ ....., t

__ _ ,., ... ,.,,,., .. '•+• ... , ... ,, ...... -.., ... ......... S.125

\~j~~ ;;::;.:;.:;[i ,i:,-...... ~:~~

.151i

.":l75 , ...... J ,278.938 ....... J .2!ill,000, ........ 1.281,241 .750 ............. '1,978 .. :: .... ·., ... 2.oc-0: .............. 2.005 2.'fE-0 , .. . , ...... , .... ~.788 ,.,cc,..: .. , .... S,C,00• ............. ,.~.907 .~ •. ,~.23! ...... ···::,,)0t~;1

.1,529.205 ....... 1,5(10.000' :s9t~i ........

.... : .. 1,532:396· ;::.::::1 · ·;:~•

1 I· --+--.......:... r·"""Ji.250 .. ........ u,;o !!~ · .,., ........... .. ,§Q

11s.~2-!l,2mL 11~,1ss.w X1-X XXX 1)~1,0.\~ Y.Y.X

~.:r:.~::~:::::" ·::::·.~ ·~::., ....... ,.,,., ... ,J75, 183 I .. """, ci75. 101 }..... ...1a·1.146· ... , ........ ,,.,, .. ,..,,, .. . 1 ..1.oop , ..... " .. .:7.568 kNl>,.,I, ...... ,.13.900 ..... 1,.165 , ... 0711112001.. 1- .01/01/2032 •• ,

4 .. -- ·1--· ... JFE. .... 536,067, ..... , ...... 510,540 , .......

.... 100.0000 510,5401· .... .525,294 , ................ r ................... ~620r ...................... .,7,7:i) l ......... J .4. 09 I .... NiA..l ........... 29.675. .8J51 l .... J2/15i2016. ... l ... 06i0112032....

m FHA PASS TH!fJ~R li\lAC !llii'!H . . . .. . ...4.. . .!FE ...

! ...... .. .. 13,300 ... 100.0000 . . ... 13.203 ... ,,'" .. 13,203 .. .. 13,220 • .. . ....... ·:::•· .. · .. :·, .... , ... , .• :·•'6) ., .......... , .. ,,:·-:·.::·", ....

r ., .. :,,,,.,:::""'.,.,,-,.,

................ , ......

...... .7.4JO ,, .. , ....... ] .370 ... NA.., .• , ... , .. ,.,,.,, .... 148

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CUSIP·

3-

0 r e i g I Bond·

ICO\!el n I CHAR

NAIC !Designation ai'ldAdmin­

lsltatlve

i I iates •• .Orne, Loan-Backed .. IRS I I I ~

ANNUAL STATEMENT FOR THE YEAR 2018 OF THE Bankers Life Insurance Company

7·

Actual

39.021,@

76. 100,379

SCHEDULE D .. PART 1 i3_hQWing All Long-Term BONDS Owned December 31. of. Current Year

fair Value 10 I 11 I Change in Book J.Adjuste,fcari ,ngValue Interest Dates s-r-·s 12 I 13 I 14 1~ 16 1? I 18 19 20 21 22 Cutren1 I I I I I I Year's.' Total Other Foreign

RaleUsed Unrealized Than Exchange Admitted Amount toObtain Valuation curient Year's Tempofary Change Effective. Amount ReC.

Fair Fair lncreasal linpillrinenl (AniortizationV In Rate Rate When Due& DLlring ValQ_a Accretion Recognized Value 'Dec~~~ B,/Jl..C.V. of or Paid. Accrued Year

' .... ,3,8!l1,790 ......

XXX 37,®7,2.W

XXX 75,@J,624 78,099,333 1,324.398;

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0 .XXX XXX . XXX. 1~1]

ANNUALSTATEMENT FOR THE YEAR 2018OF THE Southland National Insurance Corporation

SCHEDULE D .. PART 1 Shl!Win

COdes 7 FalrValue 10 v~~~-·a ~ 12

Rate Used •to.Obtain j ·Fair.

Value .~ .. 115;3000

xxx. XXX

Fair value

........ S/65 ............. 0 7 ,1!()_2 7,002

Par:

Unrealized Valuation Increase/

Q

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1~) f5i)

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F 15 16 18 l I I I I I I I

0 Total NAIC Foreign

Exchange Admitted Amount Stilted Change Effective Amotint: ReC. COntraduilt:

In. CUSIP Actual Rate Rate When Due.& Mattnity Duriil~ Paid. Cost BJA.C.V. Of of Year Acauired Dale .Aci:rued

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