Exhibit 99.2

TABLE OF CONTENTS

The following information should be read in conjunction with the financial information of the Company, which has been filed with the Securities and Exchange Commission.

All amounts included herein are unaudited. Certain total amounts herein cannot be recalculated due to rounding.

	Wall Street Analyst Coverage Data	2
	Corporate Offices, Principal Subsidiaries and Ratings	3
	Summary Financial Information	4-5
	Consolidated Results
Exhibit 1	Consolidated Income Statement Data	6
Exhibit 1A	Reorganization and Other 4th Quarter Charges	7
	Protection Products Segment
Exhibit 2	Protection Products Segment Description	8
Exhibit 3	Protection Income Statement Data	9
Exhibit 4A	Group Pension Data	10
Exhibit 4B	Closed Block Data	11
Exhibit 4C	Fixed Maturities by Credit Quality—Closed Block	12
Exhibit 5	Premiums and Inforce	13
Exhibit 6	Statutory Direct Premiums	14
	Accumulation Products Segment
Exhibit 7	Accumulation Products Segment Description	15
Exhibit 8	Accumulation Income Statement Data	16
Exhibit 9	Accumulation Assets Under Management	17
	Retail Brokerage and Investment Banking
Exhibit 10	Retail Brokerage and Investment Banking Segment Description	18
Exhibit 11	Retail Brokerage and Investment Banking Income Statement Data	19
Exhibit 12	Income Statement Detail and Advest Data	20
	Other Product /Reconciling Segment
Exhibit 13	Other/Reconciling Products Segment Description	21
Exhibit 14	Other/Reconciling Income Statement Data	22
	Investments
Exhibit 15	Investments	23
Exhibit 16	Invested Assets	24
Exhibit 17	Investment Results	25
Exhibit 18A	Fixed Maturities by Credit Quality	26
Exhibit 18B	Fixed Maturities by Industry	27
Exhibit 18C	Venture Capital Partnership Investments	28
Exhibit 19	Mortgages at Carrying Value	29
Exhibit 20A	Equity Real Estate	30
Exhibit 20B	Mortgages and Real Estate	31
	Historical
Exhibit 21	Quarterly Earnings	32
	Expenses
Exhibit 22	Statutory Expense Ratios	33

WALL STREET ANALYST COVERAGE DATA

Brokerage	Analyst	Telephone
Conning Research & Consulting, Inc.	David Montgomery	(917) 368-4753
Credit Suisse First Boston	Caitlin Long	(212) 325-2165
Deutsche Bank Securities Inc.	Vanessa Wilson	(212) 469-7351
Dowling & Partners Securities, LLC	Paul Goulekas	(860) 676-8600
Fox-Pitt, Kelton Inc.	Ronald McIntosh	(212) 687-1105
Goldman Sachs	Joan Zief	(212) 902-6778
Keefe, Bruyette & Woods, Inc.	Jukka Lipponen	(860) 722-5902
Langen McAlenney	Robert Glasspiegel	(860) 724-1203
Legg Mason Wood Walker Inc.	Thomas Gallagher	(212) 972-0859
Lehman Brothers Inc.	E. Stewart Johnson	(212) 526-8190
Philo Smith & Co., Inc.	James Inglis	(203) 348-7365
Putnam Lovell NBF	Al Capra	(212) 546-7640
SalomonSmithBarney	Colin Devine	(212) 816-1682
Sandler O’Neill & Partners, L.P.	Nick Pirsos	(212) 466-7929

Investor Information Line

Contact: Jay Davis

Tel (212) 708-2917

E-mail jdavis@mony.com

Visit our internet site at www.mony.com

2

CORPORATE OFFICES, PRINCIPAL SUBSIDIARIES

MONY Life Insurance Company	Trusted Securities Advisors Corp.
1740 Broadway	7760 France Avenue South, Suite 420
New York, NY 10019	Minneapolis, MN 55435
MONY Life Insurance Company of America	The Advest Group, Inc.
1740 Broadway	90 State House Square
New York, NY 10019	Hartford, CT 06103
U.S. Financial Life Insurance Company	Matrix Capital Markets Group Inc.
10290 Alliance Road	11 South 12th Street
Cincinnati, OH 45242	Suite 325
	Richmond, VA 23219
Enterprise Capital Management, Inc.
3343 Peachtree Road, NE, Suite 450	Lebenthal & Co., Inc.
Atlanta, GA 30326	120 Broadway
	New York, NY 10271
MONY Securities Corporation
1740 Broadway
New York, NY 10019

CORPORATE RATINGS

CLAIMS PAYING ABILITY/ FINANCIAL STRENGTH RATINGS (1)	SENIOR DEBT RATINGS (2)
Standard	Standard
& Poors	& Poors
A+	BBB+
A.M. (3)	A.M.
Best	Best
A	bbb+
Moody’s	Moody’s
A2	Baa2
Fitch	Fitch
A+	BBB+

(1) MONY Life Insurance Company and MONY Life Insurance Company of America

(2) The MONY Group Inc.

(3) MONY Life Insurance Company, MONY Life Insurance Company of America, and U.S. Financial Life Insurance Company

3

(Unaudited)

SUMMARY FINANCIAL INFORMATION

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001			2002			2001
	($ millions, except per share amounts)
CONSOLIDATED INCOME STATEMENT DATA :
Net Income/(Loss)	$	3.6		$	(87.7	)	$	(23.3	)	$	(60.8	)
Realized losses included in the 4th quarter charge		—			13.1			—			13.1
Net realized losses/(gains) on investments (after-tax)		29.5			(0.4	)		69.2			(1.2	)
Operating income/(loss):		33.1			(75.0	)		45.9			(48.9	)
Operating loss included in the 4th quarter charge		5.0			81.9			5.0			81.9
Litigation related charges (after-tax)		—			—			4.5			—
Final payment from transferred pension business		(31.3	)		—			(31.3	)		—
Venture capital (income)/loss—(after-tax)		(8.5	)		—			(3.6	)		9.1
Operating (loss)/income, excluding venture capital, final value payment from transferred pension business, litigation related charges and operating losses included in the fourth quarter charge:	$	(1.7	)	$	6.9		$	20.5		$	42.1
PER SHARE CALCULATIONS:
NET INCOME/(LOSS) PER SHARE:
Basic	$	0.08		$	(1.84	)	$	(0.49	)	$	(1.25	)
Diluted	$	0.08		$	(1.84	)	$	(0.49	)	$	(1.25	)
OPERATING INCOME/(LOSS) PER SHARE :
Basic	$	0.70		$	(1.57	)	$	0.97		$	(1.01	)
Diluted	$	0.70		$	(1.57	)	$	0.97		$	(1.01	)
OPERATING (LOSS)/INCOME, EXCLUDING VENTURE CAPITAL, FINAL VALUE PAYMENT FROM TRANSFERRED PENSION BUSINESS, LITIGATION RELATED CHARGES AND OPERATING LOSSES INCLUDED IN THE FOURTH QUARTER CHARGE:
Basic	$	(0.04	)	$	0.14		$	0.43		$	0.87
Diluted	$	(0.04	)	$	0.14		$	0.43		$	0.87
Share Data
Weighted-average shares outstanding used in basic per share calculations		46,923,822			47,786,913			47,582,799			48,608,378
Plus: Incremental shares from assumed conversion of dilutive securities (1)		180,266			—			—			—
Weighted-average shares used in diluted per share calculations		47,104,088			47,786,913			47,582,799			48,608,378
OTHER DATA:
Employee count		3,501			3,655
Career agent count (Domestic and International)		1,639			2,006
US Financial Life Brokerage General Agencies		223			231
Trusted Advisors Registered Representatives		467			438
Active Enterprise Selling Agreements		464			463
Advest Financial Advisors		513			482

(1) 1,026,791; 1,227,397; and 1,333,745 shares from the assumed conversion of dilutive securities were not included in the computation of per share amounts for the three-month period ended December 31, 2001 and for the years ended December 31, 2002 and 2001, respectively because their inclusion would be anti-dilutive.

4

(Unaudited)

SUMMARY FINANCIAL INFORMATION—CONTINUED

	December 31, 2002			December 31, 2001
	($ millions)
CONSOLIDATED BALANCE SHEET DATA
Invested assets (including cash and cash equivalents)	$	12,717.7		$	11,826.5
Assets transferred in Group Pension Transaction (1)		—			4,650.4
Separate accounts assets		4,140.6			5,195.2
Other assets		3,067.4			3,984.5
Total Assets	$	19,925.7		$	25,656.6
Policyholders’ liabilities	$	11,018.8		$	10,488.2
Liabilities transferred in Group Pension Transaction (1)		—			4,597.1
Separate account liabilities		4,137.6			5,192.3
Short term debt		7.0			320.0
Long term debt		876.9			583.1
Other liabilities		1,886.9			2,423.7
Total Liabilities		17,927.2			23,604.4
Equity		1,938.7			2,014.1
Accumulated comprehensive income (ACI)		59.8			38.1
Total Shareholders’ Equity		1,998.5			2,052.2
Total Liabilities and Shareholders’ Equity	$	19,925.7		$	25,656.6
SHARE DATA:
Diluted book value per share	$	42.54		$	41.55
Diluted book value per share (excluding accumulated comprehensive income)	$	41.26		$	40.78
CAPITALIZATION:
Long term debt	$	876.9		$	583.1
Shareholders' Equity (Excluding ACI)		1,938.7			2,014.1
Total capitalization	$	2,815.6		$	2,597.2
Debt as Percent of Total Capitalization		31.1	%		22.5	%
STATUTORY DATA:
Capital and Surplus	$	898.8		$	917.4
Asset Valuation Reserve (AVR)		210.6			201.0
Total Capital and Surplus plus AVR	$	1,109.4		$	1,118.4

(1) As explained in the notes to MONY Group’s consolidated financial statements, in accordance with GAAP, the Group Pension Transaction did not constitute a sale because the Company retained substantially all the risks and rewards associated with the business transferred to Aegon. Accordingly, over the life of the transaction we were required to reflect the transferred assets and liabilities on our balance sheet under separate captions entitled “Assets transferred in Group Pension Transaction” and “Liabilities transferred in Group Pension Transaction”. As a result of the expiration of the transaction at December 31, 2002 and the recognition of earnings from the Final Value Payment from Aegon we have no further interest in the transferred assets and liabilities and, accordingly, such assets and liabilities are no longer reflected on our balance sheet. Refer to the notes to MONY Group's consolidated financial statements filed with the SEC on Form 10-K for the year ended December 31, 2001 for further information.

5

Exhibit 1

(Unaudited)

CONSOLIDATED INCOME STATEMENT DATA (1)

	Three-Months Ended December 31,						Year Ended December 31,
	2002(2)			2001(2)			2002(2)			2001(2)
	($ millions)						($ millions)
REVENUES:
Premiums	$	195.7		$	194.8		$	690.4		$	695.3
Universal life and investment-type product policy fees		44.3			55.1			200.5			207.2
Net investment income		194.9			146.0			737.3			692.1
Net realized losses on investments		(83.9	)		(18.3	)		(153.0	)		(12.3	)
Group Pension Profits		60.3			3.5			82.3			30.7
Retail Brokerage and Investment Banking		99.6			90.5			397.1			343.5
Other income		43.3			53.3			139.9			147.1
		554.2			524.9			2,094.5			2,103.6
BENEFITS AND EXPENSES:
Benefits to policyholders		217.7			218.6			803.1			814.7
Interest credited to policyholders account balances		33.5			27.3			119.3			110.5
Amortization of deferred policy acquisition costs		35.7			60.4			156.1			158.8
Dividends to policyholders		16.2			66.9			188.0			236.6
Other operating costs and expenses (3)		241.7			285.4			860.0			876.4
		544.8			658.6			2,126.5			2,197.0
Income/(Loss) from continuing operations before income tax		9.4			(133.7	)		(32.0	)		(93.4	)
Income tax expense/(benefit)		3.3			(46.0	)		(11.2	)		(32.6	)
Net Income/(Loss) from continuing operations		6.1			(87.7	)		(20.8	)		(60.8	)
Discontinued Operations: Loss from real estate operations held for sale, net of income tax benefit of $1.4 million in 2002		(2.5	)		—			(2.5	)		—
Net Income/(Loss)	$	3.6		$	(87.7	)	$	(23.3	)	$	(60.8	)

(1) These income statements present the consolidated results of operations of the Company for the periods indicated as will be reported on the Company’s filings with the Securities and Exchange Commission.

(2) Includes reorganization and other charges recorded in the 4th quarter of 2002 and 2001 aggregating $7.7 million and $146.1 million respectively, on a pre-tax basis. For details of such charges and the line items they are reflected in, refer to Exhibit 1A herein.

(3) Includes operating costs and expenses related to Advest for 11 months in 2001.

6

STATISTICAL SUPPLEMENT

REORGANIZATION AND OTHER CHARGES EXHIBIT

Exhibit 1A—Reorganization and Other 4th Quarter Charges

During the 4th quarter of 2002 and 2001, the Company recorded pre-tax charges aggregating approximately $7.7 million and $146.1 million, respectively. Of this amount approximately $7.7 milion and $56.8 million, respectively, represented “Reorganization Charges” taken in connection with the reorganization of certain of the Company’s businesses and $0 and $89.3 million, respectively, represented “Other Charges” unrelated to the Company's Reorganization activities.

The following tables summarize the components of the aforementioned Reorganization and Other Charges recorded during 2002 and 2001, respectively. None of the charges referred to below as “Reorganization Charges” have been allocated to the Company’s operating segments, however, the charges in 2001 referred to as “Other Charges” have been allocated to the Company’s operating segments. All Reorganization Charges incurred in 2002 and 2001 are reported as reconciling items.

2002:

	Operating		Net Realized Losses		Total
Reorganization Charges:
Severance benefits	$	6.6	$	—	$	6.6
Leased offices		1.1		—		1.1
Total—Reorganization Charges before tax	$	7.7	$	—	$	7.7
Total—Reorganization Charges after tax	$	5.0	$	—	$	5.0

2001:

	Operating		Net Realized Losses		Total
Reorganization Charges:
Severance benefits and incentive compensation	$	22.8	$	—	$	22.8
Leased offices and equipment		8.7		—		8.7
Deferred policy acquisition costs		17.0		—		17.0
Other		8.3		—		8.3
Subtotal—Reorganization Charges		56.8		—		56.8
Other Charges:
Asset Impairments and Valuation Related Write-downs		29.9		20.1		50.0
Deferred Sales Charges		7.0		—		7.0
Information technology assets		9.4		—		9.4
Other		22.9		—		22.9
Subtotal—Other Charges		69.2		20.1		89.3
Total—Reorganization and Other Charges before tax	$	126.0	$	20.1	$	146.1
Total—Reorganization and Other Charges after tax	$	81.9	$	13.1	$	95.0

All charges referred to as Reorganization Charges included in the tables above, except $17.0 million related to deferred policy acquisition costs in 2001 and $5.3 million related to investment expenses in 2001, are included in “Other Operating Costs and Expenses” in the Company’s consolidated income statement for the respective years indicated.

The following table indicates the line items in the Company’s consolidated and segmented income statements for the year ended December 31, 2001 that the Other Charges in the table above are reflected in.

	Protection		Accumulation		Retail Brokerage and Investment Banking		Other/ Reconciling		Total
Premiums	$	1.0	$	—	$	—	$	—	$	1.0
Net investment income		20.3		3.8		—		8.6		32.7
Group pension profit		2.5		—		—		—		2.5
Benefits to policyholders		1.8		3.9		—		—		5.7
Amortization of deferred policy acquisition costs		—		2.0		—		17.0		19.0
Other operating costs and expenses		17.6		10.3		1.7		35.5		65.1
Total Other Operating Charges		43.2		20.0		1.7		61.1		126.0
Net realized losses on investments		14.9		2.8		—		2.4		20.1
Total Other Charges	$	58.1	$	22.8	$	1.7	$	63.5	$	146.1

7

Exhibit 2

PROTECTION PRODUCTS SEGMENT

The “Protection Products” segment represents a wide range of individual life insurance products, including whole life, term life, universal life, variable universal life, last survivor variable life and group universal life. Also included in the Protection Products segment are the: (i) assets and liabilities transferred pursuant to the Group Pension Transaction, as well as the Group Pension Profits, (ii) the Closed Block assets and liabilities, as well as the contribution from the Closed Block, and (iii) the Company’s disability income insurance business which was transferred in the DI Transaction.

8

Exhibit 3

(Unaudited)

PROTECTION PRODUCTS SEGMENT

INCOME STATEMENT DATA

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001(1)			2002			2001(1)
	($ millions)						($ millions)
REVENUES:
Premiums	$	182.2		$	185.0		$	662.9		$	675.5
Universal life and investment-type product policy fees		33.6			41.6			152.1			151.6
Net investment income (2)		153.0			128.1			598.8			565.6
Group Pension Profits		60.3			3.5			82.3			30.7
Other income		18.7			15.4			15.0			16.1
Total revenues		447.8			373.6			1,511.1			1,439.5
BENEFITS AND EXPENSES:
Benefits to policyholders		195.7			195.9			729.7			754.5
Interest credited to policyholder account balances		18.3			15.0			64.5			60.6
Amortization of deferred policy acquisition costs		20.8			34.8			110.3			115.7
Dividends to policyholders		15.6			66.1			185.6			233.9
Other operating costs and expenses		76.3			83.1			233.7			245.5
Total benefits and expenses		326.7			394.9			1,323.8			1,410.2
Pre-tax operating income/(loss)		121.1			(21.3	)		187.3			29.3
Net realized losses on investments (2)		(75.7	)		(11.6	)		(125.6	)		(6.2	)
Pre-tax income/(loss)	$	45.4		$	(32.9	)	$	61.7		$	23.1
OPERATING INCOME RECONCILIATION:
Pre tax operating income/(loss)	$	121.1		$	(21.3	)	$	187.3		$	29.3
Policyholder dividends resulting from closed block realized (losses)/gains		(43.4	)		1.3			(51.4	)		6.0
Operating Income/(Loss)	$	77.7		$	(20.0	)	$	135.9		$	35.3

(1) During the 4th quarter of 2001 the company recorded charges aggregating $146.1 million. This consisted of $56.8 million of reorganization charges and $89.3 million of other charges unrelated to the company's reorganization. None of the reorganization charges have been allocated to the segments, whereas all of the aforementioned other charges have. See Exhibit 1A for details.

(2) Segment results for 2002 include the results from discontinued operations.

Adjusted to exclude litigation related charges, venture capital (gains)/losses, the Final Value Payment from the Group Pension Transaction, reorganization & other charges (see Exhibit 1A) allocated to the segment for the three-months and year ended December 31, 2002 and 2001 as follows:

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001			2002			2001
	($ millions)
Operating Income/(Loss)	$	77.7		$	(20.0	)	$	135.9		$	35.3
Litigation related charges		—			—			5.5			—
Venture Capital (gains)/losses		(10.8	)		—			(4.6	)		10.3
Final Value Payment from Group Pension Transaction		(48.1	)		—			(48.1	)		—
Reorganization Charges (see Exhibit 1A)		—			—			—			—
Other Charges component of 4th quarter 2001 Restructuring and Other charges (see Exhibit 1A)		—			43.2			—			43.2
Operating Income excluding venture capital, Final Value Payment from the Group Pension Transaction, Reorganization & Other Charges, and litigation related charges	$	18.8		$	23.2		$	88.7		$	88.8

9

Exhibit 4A

(Unaudited)

GROUP PENSION PROFIT

SUMMARY INCOME STATEMENT

	Three-Months Ended December 31,					Year Ended December 31,
INCOME STATEMENT DATA:	2002		2001			2002		2001
	($ millions)					($ millions)
REVENUES:
Policy product fees	$	4.6	$	5.3		$	18.3	$	19.6
Net investment income		20.6		24.0			88.2		102.0
Net realized (losses)/gains on investments (2)		1.0		(3.4	)		0.8		1.5
Total revenues		26.2		25.9			107.3		123.1
BENEFITS AND EXPENSES:
Interest credited to policyholder account balances		15.3		18.6			63.5		74.8
Other operating costs and expenses		4.7		3.8			15.6		17.6
Total benefits and expenses		20.0		22.4			79.1		92.4
Group Pension Profits		6.2		3.5			28.2		30.7
Final Value Payment (1)		54.1		—			54.1		—
Total	$	60.3	$	3.5		$	82.3	$	30.7

(1) Expenses of approximately $6.0 million relating to the Final Value Payment are recorded in “Other operating costs and expenses” on our consolidated income statement.

(2) Includes $2.5 million of pretax realized losses ($1.6 million after-tax) relating to the impairment of certain investments which was included in the 4th quarter 2001Other Charges (refer to Exhibit 1A).

ASSETS AND LIABILITIES TRANSFERRED IN GROUP PENSION TRANSACTION

	December 31, 2002			December 31, 2001
	($ millions)
		(3	)
BALANCE SHEET DATA :
Assets:
General Account
Fixed maturities	$	—		$	1,400.5
Mortgage loans on real estate		—			26.5
Cash and cash equivalents		—			19.4
Other Assets		—			24.5
Total general account assets		—			1,470.9
Separate account assets		—			3,179.5
Total Assets	$	—		$	4,650.4
Liabilities:
General Account
Policyholder account balances and other liabilities	$	—		$	1,417.6
Separate account liabilities		—			3,179.5
Total Liabilities	$	—		$	4,597.1

(3) As explained in the notes to MONY Group’s consolidated financial statements, in accordance with GAAP, the Group Pension Transaction did not constitute a sale because the Company retained substantially all the risks and rewards associated with the business transferred to Aegon. Accordingly, over the life of the transaction we were required to reflect the transferred assets and liabilities on our balance sheet under separate captions entitled “Assets transferred in Group Pension Transaction” and “Liabilities transferred in Group Pension Transaction”. As a result of the expiration of the transaction at December 31, 2002 and the recognition of earnings from the Final Value Payment from Aegon we have no further interest in the transferred assets and liabilities and, accordingly, such assets and liabilities are no longer reflected on our balance sheet. Refer to the notes to MONY Group’s consolidated financial statements filed with the SEC on Form 10-K for the year ended December 31, 2001 for further information.

10

Exhibit 4B

(Unaudited)

CLOSED BLOCK INCOME STATEMENT

	Three-Months Ended December 31,			Year Ended December 31,
	2002		2001	2002		2001
	($ millions)			($ millions)
REVENUES:
Premiums	141.7		154.1	509.1		551.4
Net investment income	98.8		98.6	396.5		397.6
Net realized (losses)/gains on investments	(43.4	)	1.3	(51.4	)	6.0
Other income	0.6		0.9	2.2		2.4
Total revenues	197.7		254.9	856.4		957.4
BENEFITS AND EXPENSES:
Benefits to policyholders	156.1		161.8	566.8		606.9
Interest credited to policyholders account balances	2.3		2.4	8.6		8.9
Amortization of deferred policy acquisition costs	12.0		13.3	49.1		59.4
Dividends to policyholders	15.3		65.8	185.5		233.1
Operating costs and expenses	1.6		1.3	6.1		7.0
Total benefits and expenses	187.3		244.6	816.1		915.3
Closed Block Profit	10.4		10.3	40.3		42.1

CLOSED BLOCK ASSETS AND LIABILITIES

	December 31, 2002		December 31, 2001
	($ millions)
BALANCE SHEET DATA :
Assets:
General Account
Fixed maturities	$	4,160.9	$	3,868.9
Mortgage loans on real estate		633.6		622.1
Real estate to be disposed of		8.3		—
Amounts due from broker		0.9		6.2
Policy loans		1,119.0		1,144.3
Cash and cash equivalents		59.2		56.2
Premiums receivable		11.1		12.5
Deferred policy acquisition costs		430.5		500.6
Other assets		210.5		219.3
Total closed block assets	$	6,634.0	$	6,430.1
Liabilities:
General Account
Future policy benefits	$	6,901.4	$	6,869.80
Policyholders’ account balances		291.6		292.9
Other policyholders’ liabilities		159.1		162.2
Other liabilities		325.2		163.9
Total closed block liabilities	$	7,677.3	$	7,488.8

11

Exhibit 4C

(Unaudited)

FIXED MATURITIES BY CREDIT QUALITY—CLOSED BLOCK

PUBLIC FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)
1	Aaa/Aa/A	$	1,641.7	74.3	%	$	1,787.4	$	1,589.1	76.7	%	$	1,631.6
2	Baa		441.6	19.3	%		465.5		391.3	18.8	%		399.6
3	Ba		113.3	4.7	%		113.2		93.1	4.1	%		86.2
4	B		36.0	1.5	%		35.0		5.0	0.2	%		4.9
5	Caa and lower		—	0.0	%		—		5.0	0.2	%		5.1
6	In or near default		6.0	0.2	%		6.0		0.6	0.0	%		0.5
	Subtotal		2,238.6	100.0	%		2,407.1		2,084.1	100.0	%		2,127.9
	Redeemable preferred stock		—	0.0	%		—		—	0.0	%		—
	Total Public Fixed
	Maturities	$	2,238.6	100.0	%	$	2,407.1	$	2,084.1	100.0	%	$	2,127.9

PRIVATE FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)						($ millions)
1	Aaa/Aa/A	$	647.3	40.1	%	$	703.0	$	845.3	50.3	%	$	875.1
2	Baa		709.5	44.2	%		776.0		742.5	43.6	%		759.5
3	Ba		209.5	11.9	%		208.2		83.6	4.8	%		83.3
4	B		29.3	1.7	%		29.7		17.8	1.0	%		17.1
5	Caa and lower		16.7	0.9	%		15.3		7.5	0.3	%		6.0
6	In or near default		22.3	1.2	%		21.6		—	0.0	%		—
	Subtotal		1,634.6	100.0	%		1,753.8		1,696.7	100.0	%		1,741.0
	Redeemable preferred stock		—	0.0	%		—		—	0.0	%		—
	Total Private Fixed
	Maturities	$	1,634.6	100.0	%	$	1,753.8	$	1,696.7	100.0	%	$	1,741.0

TOTAL FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)						($ millions)
1	Aaa/Aa/A	$	2,289.0	59.8	%	$	2,490.4	$	2,434.4	64.8	%	$	2,506.7
2	Baa		1,151.1	29.8	%		1,241.5		1,133.8	29.9	%		1,159.1
3	Ba		322.8	7.7	%		321.4		176.7	4.4	%		169.5
4	B		65.3	1.6	%		64.7		22.8	0.6	%		22.0
5	Caa and lower		16.7	0.4	%		15.3		12.5	0.3	%		11.1
6	In or near default		28.3	0.7	%		27.6		0.6	0.0	%		0.5
	Subtotal		3,873.2	100.0	%		4,160.9		3,780.8	100.0	%		3,868.9
	Redeemable preferred stock		—	0.0	%		—		—	0.0	%		—
	Total Fixed
	Maturities	$	3,873.2	100.0	%	$	4,160.9	$	3,780.8	100.0	%	$	3,868.9

12

Exhibit 5

(Unaudited)

PROTECTION PRODUCTS SEGMENT

NEW ANNUALIZED AND SINGLE PREMIUMS AND INFORCE

	Three-Months Ended December 31,				Year Ended December 31,
	2002		2001		2002		20001
	($ millions)				($ millions)
PROTECTION BUSINESS SALES:
Traditional life	$	1.4	$	1.5	$	4.7	$	3.3
Term		14.6		12.3		46.8		41.4
Universal life		10.5		10.8		38.0		31.6
Variable universal life		8.6		18.0		38.3		61.8
Corporate owned life insurance		23.5		19.7		148.2		75.1
Group universal life		1.7		0.5		3.0		1.5
Total	$	60.3	$	62.8	$	279.0	$	214.7

	Year Ended
	December 31, 2002		December 31, 2001
Insurance In Force ($ in millions except number of policies)
Traditional Life (1):
Number of policies (in thousands)		839.1		857.3
GAAP life reserves	$	7,447.0	$	7,374.8
Face amounts	$	82,598.6	$	73,678.2
Universal Life:
Number of policies (in thousands)		74.0		74.7
GAAP life reserves	$	765.4	$	711.2
Face amounts	$	10,790.2	$	10,843.6
Variable Universal Life:
Number of policies (in thousands)		68.0		65.9
GAAP life reserves	$	880.3	$	772.0
Face amounts	$	18,790.2	$	18,231.2
Group Universal Life:
Number of policies (in thousands)		41.8		43.9
GAAP life reserves	$	70.3	$	66.7
Face amounts	$	1,497.3	$	1,571.4
Total:
Number of policies (in thousands)		1,022.9		1,041.8
GAAP life reserves	$	9,163.0	$	8,924.7
Face amounts	$	113,676.3	$	104,324.4

(1) Consists of whole life and term policies

13

Exhibit 6

(Unaudited)

PROTECTION PRODUCTS SEGMENT

STATUTORY DIRECT PREMIUMS BY PRODUCT

	Three-Months Ended December 31,				Year Ended December 31,
	2002		2001		2002		2001
	($ millions)
LIFE INSURANCE:
Traditional Life (1):
First year & single	$	54.2	$	54.8	$	180.9	$	187.3
Renewal		177.4		174.3		536.7		525.8
Total	$	231.6	$	229.1	$	717.6	$	713.1
Universal Life:
First year & single	$	12.7	$	9.3	$	39.8	$	29.6
Renewal		23.9		25.2		95.8		96.9
Total	$	36.6	$	34.5	$	135.6	$	126.5
Variable Universal Life:
First year & single	$	8.5	$	18.5	$	45.7	$	70.7
Renewal		28.6		27.5		110.1		96.4
Total	$	37.1	$	46.0	$	155.8	$	167.1
Corporate Sponsored Variable Universal Life:
First year & single	$	32.0	$	9.7	$	133.8	$	59.5
Renewal		1.2		6.2		28.4		48.2
Total	$	33.2	$	15.9	$	162.2	$	107.7
Group Universal Life:
First year & single	$	1.6	$	0.4	$	2.7	$	1.9
Renewal		2.5		2.6		10.4		10.5
Total	$	4.1	$	3.0	$	13.1	$	12.4
Total life insurance	$	342.6	$	328.5	$	1,184.3	$	1,126.8

(1) Consists of whole life and term policies

14

Exhibit 7

ACCUMULATION PRODUCTS SEGMENT

The Accumulation Products segment represents fixed annuities, single premium deferred annuities, immediate annuities, flexible payment variable annuities and proprietary retail mutual funds.

15

Exhibit 8

(Unaudited)

ACCUMULATION PRODUCTS SEGMENT

INCOME STATEMENT DATA

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001(1)			2002			2001(1)
	($ millions)						($ millions)
REVENUES:
Premiums	$	4.5		$	1.9		$	11.6		$	5.3
Universal life and investment-type product policy fees		10.5			12.7			46.8			54.7
Net investment income (2)		22.7			13.6			82.8			70.5
Other income		22.9			30.7			96.1			107.4
Total revenues		60.6			58.9			237.3			237.9
BENEFITS AND EXPENSES:
Benefits to policyholders		12.5			15.0			41.9			34.1
Interest credited to policyholder account balances		12.8			10.3			46.0			41.3
Amortization of deferred policy acquisition costs		14.9			8.6			45.8			26.1
Dividends to policyholders		0.2			0.4			1.2			1.6
Other operating costs and expenses		31.0			40.3			119.4			127.2
Total benefits and expenses		71.4			74.6			254.3			230.3
Pre-tax operating (loss)/income		(10.8	)		(15.7	)		(17.0	)		7.6
Net realized losses on investments (2)		(9.2	)		(4.2	)		(23.7	)		(1.9	)
Pre-tax (loss)/income	$	(20.0	)	$	(19.9	)	$	(40.7	)	$	5.7

(1) During the 4th quarter of 2001 the company recorded charges aggregating $146.1 million. This consisted of $56.8 million of reorganization charges and $89.3 million of other charges unrelated to the company’s reorganization. None of the reorganization charges have been allocated to the segments, whereas all of the aforementioned other charges have. See Exhibit 1A for details.

(2) Segment results for 2002 include the results from discontinued operations.

Adjusted to exclude litigation related charges, venture capital (gains)/loss, Final Value Payment from Group Pension Transaction, Reorganization & Other charges (see Exhibit 1A) allocated to the segment for the three-months and year ended December 31, 2002 and 2001 as follows:

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001			2002			2001
	($ millions)
Operating (Loss)/Income	$	(10.8	)	$	(15.7	)	$	(17.0	)	$	7.6
Litigation related charges		—			—			1.0			—
Venture Capital (gains)/losses		(1.8	)		—			(0.8	)		1.9
Reorganization Charges (see Exhibit 1A)		—			—			—			—
Other Charges component of 4th quarter 2001 Restructuring and Other charges ( see Exhibit 1A)		—			20.0			—			20.0
Operating (loss)/income excluding venture capital, Reorganization & Other Charges, and litigation related charges	$	(12.6	)	$	4.3		$	(16.8	)	$	29.5

16

Exhibit 9

(Unaudited)

ACCUMULATION PRODUCTS SEGMENT

ASSETS UNDER MANAGEMENT

	December 31, 2002		December 31, 2001
	($ billions)
ACCUMULATION SEGMENT:
Assets under management
Individual variable annuities	$	3.2	$	3.9
Individual fixed annuities		0.8		0.7
Proprietary retail mutual funds		3.7		4.4
	$	7.7	$	9.0

	Three-Months Ended December 31,				Year Ended December 31,
	2002		2001		2002		2001
	($ billions)				($ billions)
RECONCILIATION IN ACCOUNT VALUE:
VARIABLE ANNUITY:
Beginning account value	3.1		3.5		3.9		4.4
Sales	0.1		0.1		0.4		0.4
Market appreciation	0.1		0.3		(0.5	)	(0.4	)
Mortality and expense	(0.0	)	(0.0	)	(0.0	)	(0.0	)
Surrenders and withdrawals	(0.1	)	(0.1	)	(0.4	)	(0.4	)
	3.2		3.9		3.2		3.9
ENTERPRISE GROUP OF FUNDS:
Beginning account value	3.5		4.0		4.4		4.8
Sales	0.3		0.3		1.2		1.3
Dividends reinvested	0.0		0.0		0.0		0.0
Market appreciation	0.1		0.4		(0.9	)	(0.6	)
Redemptions	(0.3	)	(0.3	)	(1.1	)	(1.2	)
Ending account value	3.7		4.4		3.7		4.4

In 2001 sales are net of exchanges to new product series of approximately $71 million in the first quarter, and $72 million in the second quarter, $37 million in the third quarter and $28 million in the fourth quarter. 2002 sales are net of exchanges to new product series of $17 million in the first quarter, $16 million in the second quarter, $19 million in the third quarter, and $19 million for the fourth quarter.

17

Exhibit 10

RETAIL BROKERAGE AND INVESTMENT BANKING

The Retail Brokerage and Investment Banking segment is comprised of results of the Company’s subsidiaries, The Advest Group, Inc. (“AGI”), Matrix Capital Markets Group (“Matrix”) and MONY Securities Corp. (“MSC”). AGI through its subsidiaries, provides diversified financial services including securities brokerage, trading, investment banking, trust and asset management. Matrix is a middle market investment bank specializing in merger and acquisition services for a middle market client base. MSC is a broker dealer which transacts customer trades primarily in securities and mutual funds. In addition to selling the Company’s proprietary investment products, MSC provides customers of the Company’s protection and accumulation products access to other non-proprietary investment products (including stocks, bonds, limited partnership interests, tax-exempt unit investment trusts and other investment securities).

18

Exhibit 11

(Unaudited)

RETAIL BROKERAGE AND INVESTMENT BANKING

INCOME STATEMENT DATA

	Three-Months Ended December 31,					Year Ended December 31,
	2002		2001(1)			2002		2001(1)
	($ millions)					($ millions)
REVENUES:
Net investment income	$	—	$	2.8		$	0.3	$	8.0
Retail brokerage and investment banking		99.6		90.5			397.1		343.5
Other income		—		—			0.7		—
Total revenues		99.6		93.3			398.1		351.5
BENEFITS AND EXPENSES:
Other operating costs and expenses		98.6		100.0			395.7		371.3
Total benefits and expenses		98.6		100.0			395.7		371.3
Pre-tax operating income/(loss)		1.0		(6.7	)		2.4		(19.8	)
Net realized losses on investments(2)		—		—			—		(0.2	)
Pre-tax income/(loss)	$	1.0	$	(6.7	)	$	2.4	$	(20.0	)

(1) During the 4th quarter of 2001 the company recorded charges aggregating $146.1 million. This consisted of $56.8 million of reorganization charges and $89.3 million of other charges unrelated to the company’s reorganization. None of the reorganization charges have been allocated to the segments, whereas all of the aforementioned other charges have. See Exhibit 1A for details.

(2) Segment results for 2002 include the results from discontinued operations.

Adjusted to exclude litigation related charges, venture capital (gains)/loss, Final Value Payment from Group Pension Transaction, Reorganization & Other charges (see Exhibit 1A) allocated to the segment for the three-months and year ended December 31, 2002 and 2001 as follows:

	Three-Months Ended December 31,					Year Ended December 31,
	2002		2001			2002		2001
	($ millions)
Operating (Loss)/Income	$	1.0	$	(6.7	)	$	2.4	$	(19.8	)
Litigation related charges		—		—			—		—
Venture Capital (gains)/losses		—		—			—		—
Reorganization Charges (see Exhibit 1A)		—		—			—		—
Other Charges component of 4th quarter 2001 Restructuring and Other charges (see Exhibit 1A)		—		1.7			—		1.7
Operating (loss)/income excluding venture capital, Reorganization & Other Charges, and litigation related charges	$	1.0	$	(5.0	)	$	2.4	$	(18.1	)

19

Exhibit 12

(Unaudited)

RETAIL BROKERAGE AND INVESTMENT BANKING

INCOME STATEMENT DETAIL

	Three-Months Ended December 31,					Year Ended December 31,
	2002		2001			2002		2001
	($ millions)					($ millions)
REVENUES:
Commissions	$	40.2	$	37.6		$	164.8	$	140.7
Interest		8.1		10.3			35.2		56.8
Principal transactions		28.1		23.2			107.2		78.4
Asset management and administration		12.1		(17.7	)		53.2		17.5
Investment banking		10.0		38.1			31.9		50.3
Other		1.1		1.7			5.8		7.5
Total revenues		99.6		93.2			398.1		351.2
EXPENSES:
Compensation		55.4		51.8			222.9		188.4
Interest		4.7		5.8			20.8		37.9
Goodwill and other intangible amortization		1.1		3.6			4.2		12.8
Other		37.4		38.7			147.8		132.1
Total expenses		98.6		99.9			395.7		371.2
Pre-tax income/(loss)	$	1.0	$	(6.7	)	$	2.4	$	(20.0	)

	ADVEST—NET INTEREST Three-Months Ended								ADVEST—NET INTEREST Year Ended
	December 31, 2002				December 31, 2001				December 31, 2002				December 31, 2001(1)
	($ millions)								($ millions)
Net Interest Income—
Interest Income:
Brokerage customers (2)	$	3.3	40.7	%	$	4.7	45.6	%	$	15.0	42.6	%	$	25.6	45.1	%
Stock borrowed (2)		0.9	11.0	%		2.2	21.4	%		4.5	12.8	%		21.2	37.3	%
Investments		0.1	1.2	%		0.1	1.0	%		0.3	0.9	%		0.6	1.2	%
Security inventory		2.9	35.8	%		2.7	26.2	%		11.4	32.4	%		7.5	13.2	%
Other		0.9	11.3	%		0.6	5.8	%		4.0	11.3	%		1.9	3.2	%
	$	8.1	100.0	%	$	10.3	100.0	%	$	35.2	100.0	%	$	56.8	100.0	%
Interest Expense:
Stock loaned (2)		3.1	65.2	%		2.6	44.8	%		12.9	62.0	%		22.0	58.0	%
Brokerage customers		1.3	28.3	%		0.4	6.9	%		6.0	28.8	%		3.3	8.7	%
Borrowings		0.2	4.2	%		2.5	43.1	%		1.5	7.2	%		12.1	32.0	%
Other		0.1	2.3	%		0.3	5.2	%		0.4	2.0	%		0.5	1.3	%
		4.7	100.0	%		5.8	100.0	%		20.8	100.0	%		37.9	100.0	%
Net interest income	$	3.4	43.2	%	$	4.5	43.7	%	$	14.4	40.9	%	$	18.9	33.3	%

(1) Includes Advest results for the 11 month period ended December 31, 2001. Advest was acquired by the MONY Group on January 31, 2001.

(2) The decrease in interest income from 2001 to 2002 reflected in the line items above entitled “Brokerage customers” and “Stock borrowed”, as well as the decrease in interest expense from 2001 to 2002 reflected in the line item “Stock loaned” resulted from the outsourcing of Advest’s clearing operation to Wexford which was completed in early 2002. In connection with the outsourcing, Advest entered into an interest-sharing agreement with Wexford which has resulted in lower net interest profits in the current year.

ADVEST STATISTICAL DATA

	Year Ended December 31, 2002
Client Assets ( in millions) *	$	30,513.5
Number of Client Accounts (in thousands)		277

* Includes assets managed under fee-based programs of approximately $5,994 million.

20

Exhibit 13

OTHER PRODUCTS SEGMENT

The Company’s Other Products segment primarily consists of an insurance brokerage operation and the Run-Off businesses. The insurance brokerage operation provides the Company’s career agency sales force with access to non-variable life, annuity, small group health and specialty insurance products written by other carriers to meet the insurance and investment needs of its customers. The Run-Off Businesses primarily consist of group life and health insurance as well as the group pension business that was not included in the Group Pension Transaction.

RECONCILING AMOUNTS

The reconciling amounts include certain benefits for the Company’s benefit plans, the results of the holding companies and certain non-recurring items.

21

Exhibit 14

(Unaudited)

OTHER/RECONCILING PRODUCTS SEGMENT

INCOME STATEMENT DATA

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001			2002			2001
	($ millions)						($ millions)
REVENUES:
Premiums	$	9.0		$	7.9		$	15.9		$	14.5
Universal life and investment-type product policy fees		0.2			0.8			1.6			0.9
Net investment income (1)		20.1			1.5			56.3			48.0
Other income		1.6			7.2			28.1			23.6
Total revenues		30.9			17.4			101.9			87.0
BENEFITS AND EXPENSES:
Benefits to policyholders		9.5			7.7			31.5			26.1
Interest credited to policyholder account balances		2.4			2.0			8.8			8.6
Amortization of deferred policy acquisition costs		—			17.0			—			17.0
Dividends to policyholders		0.4			0.4			1.2			1.1
Other operating costs and expenses		35.8			62.0			111.2			132.4
Total benefits and expenses		48.1			89.1			152.7			185.2
Pre-tax operating loss		(17.2	)		(71.7	)		(50.8	)		(98.2	)
Net realized losses on investments (1)		(3.8	)		(2.5	)		(8.5	)		(4.0	)
Pre-tax loss	$	(21.0	)	$	(74.2	)	$	(59.3	)	$	(102.2	)

(1) During the 4th quarter of 2001 the company recorded charges aggregating $146.1 million. This consisted of $56.8 million of reorganization charges and $89.3 million of other charges unrelated to the company’s reorganization. See Exhibit 1A for details.

(2) Segment results for 2002 include the results from discontinued operations.

Adjusted to exclude litigation related charges, venture capital (gains)/loss, Final Value Payment from Group Pension Transaction, Reorganization & Other charges (see Exhibit 1A) allocated to the segment for the three-months and year ended December 31, 2002 and 2001 as follows:

	Three-Months Ended December 31,						Year Ended December 31,
	2002			2001			2002			2001
	($ millions)
Operating income	$	(17.2	)	$	(71.7	)	$	(50.8	)	$	(98.2	)
Litigation related charges		—			—			0.3			—
Venture capital (gains)/losses		(0.5	)		—			(0.2	)		1.8
Reorganization Charges (see Exhibit 1A)		—			56.8			—			56.8
Other Charges		7.7			4.3			7.7			4.3
Operating income excluding venture capital, Reorganization & Other Charges, and litigation related charges	$	(10.0	)	$	(10.6	)	$	(43.0	)	$	(35.3	)

22

INVESTMENTS

ALL INVESTMENT DATA PRESENTED IN THE FOLLOWING SECTION

INCLUDES INVESTED ASSETS IN THE CLOSED BLOCK

23

Exhibit 16

(Unaudited)

CONSOLIDATED GAAP INVESTED ASSETS

	As of December 31, 2002				As of December 31, 2001
	Carrying Value		% of Total		Carrying Value		% of Total
	($ Millions)
INVESTED ASSETS
Fixed Maturities, Available for Sale	$	7,971.1	66.5	%	$	6,976.0	62.8	%
Fixed Maturities, Held to Maturity		0.1	0.0	%		0.1	0.0	%
Equity Securities, Available for Sale		249.0	2.1	%		299.2	2.7	%
Mortgage Loans on Real Estate		1,877.4	15.7	%		1,809.7	16.3	%
Policy Loans		1,212.5	10.1	%		1,229.0	11.1	%
Real Estate to be Disposed Of		—	0.0	%		172.3	1.6	%
Real Estate Held for Investment		180.2	1.5	%		58.5	0.5	%
Other Invested Assets		110.8	0.9	%		116.7	1.0	%
Cash and Cash Equivalents		390.0	3.2	%		441.0	4.0	%
Invested Assets, excluding Trading Securities	$	11,991.1	100.0	%	$	11,102.5	100.0	%

The Exhibit above includes invested assets in the Closed Block and excludes Trading Securities in Advest.

24

Exhibit 17

(Unaudited)

INVESTMENT RESULTS BY ASSET CATEGORY-COMBINED BASIS

	Three Months Ended December 31, 2002					Three Months Ended December 31, 2001					Year Ended December 31, 2002					Year Ended December 31, 2001					Year Ended December 31,2000
	Yield (2)		Amount			Yield (2)		Amount			Yield (1)		Amount			Yield (1)		Amount			Yield (1)		Amount
	($ millions)					($ millions)					($ millions)					($ millions)					($ millions)
FIXED MATURITIES (4)
Investment Income	6.5	%	$	121.6		7.2	%	$	119.9		6.9	%	$	491.0		7.3	%	$	492.5		7.4	%	$	495.4
Realized Gains (losses)	-3.4	%		(63.0	)	-0.9	%		(15.0	)	-1.1	%		(79.6	)	0.0	%		(2.6	)	-0.4	%		(30.1	)
Total	3.1	%	$	58.6		6.3	%	$	104.9		5.8	%	$	411.4		7.3	%	$	489.9		7.0	%	$	465.3
Ending Assets			$	7,453.4				$	6,829.2				$	7,453.4				$	6,829.2				$	6,702.7
EQUITY SECURITIES
Investment Income	22.1	%	$	13.8		-27.4	%	$	(20.9	)	2.9	%	$	7.9		-10.8	%	$	(33.9	)	56.4	%	$	239.4
Realized Gains (losses)	-24.1	%		(15.1	)	-0.9	%		(0.7	)	-13.6	%		(37.3	)	-2.5	%		(7.8	)	5.1	%		21.6
Total	-2.0	%	$	(1.3	)	-28.3	%	$	(21.6	)	-10.7	%	$	(29.4	)	-13.3	%	$	(41.7	)	61.5	%	$	261.0
Ending Assets			$	249.0				$	299.2				$	249.0				$	299.2				$	328.6
MORTGAGE LOANS
Investment Income	7.8	%	$	35.5		7.7	%	$	34.9		7.5	%	$	138.9		7.8	%	$	139.8		8.3	%	$	144.4
Realized Gains (losses)	-0.9	%		(4.2	)	1.0	%		4.6		-0.2	%		(3.0	)	0.5	%		9.3		1.1	%		19.8
Total	6.9	%	$	31.3		8.7	%	$	39.5		7.3	%	$	135.9		8.3	%	$	149.1		9.4	%	$	164.2
Ending Assets			$	1,877.4				$	1,809.7				$	1,877.4				$	1,809.7				$	1,754.7
REAL ESTATE (3)
Investment Income	4.7	%	$	2.3		-10.3	%	$	(5.9	)	7.4	%	$	15.3		2.9	%	$	6.3		7.0	%	$	20.4
Realized Gains (losses)	3.4	%		1.7		-3.8	%		(2.1	)	-15.6	%		(32.1	)	-2.4	%		(5.4	)	9.2	%		26.7
Total	8.1	%	$	4.0		-14.1	%	$	(8.0	)	-8.2	%	$	(16.8	)	0.5	%	$	0.9		16.2	%	$	47.1
Ending Assets			$	180.2				$	230.8				$	180.2				$	230.8				$	212.0
POLICY LOANS
Investment Income	7.0	%	$	21.2		6.9	%	$	21.5		6.9	%	$	84.8		6.9	%	$	86.5		6.8	%	$	86.6
Realized Gains (losses)	0.0	%		—		0.0	%		—		0.0	%		—		0.0	%		—		0.0	%		—
Total	7.0	%	$	21.2		6.9	%	$	21.5		6.9	%	$	84.8		6.9	%	$	86.5		6.8	%	$	86.6
Ending Assets			$	1,212.5				$	1,229.0				$	1,212.5				$	1,229.0				$	1,264.6
CASH AND CASH EQUIVALENTS
Investment Income	1.6	%	$	1.7		2.2	%	$	3.0		2.1	%	$	9.3		4.4	%	$	29.3		6.6	%	$	28.2
Realized Gains (losses)	-1.0	%		(1.1	)	-0.6	%		(0.8	)	-0.2	%		(1.1	)	-0.1	%		(0.8	)	0.0	%		(0.0	)
Total	0.6	%	$	0.6		1.6	%	$	2.2		1.9	%	$	8.2		4.3	%	$	28.5		6.6	%	$	28.2
Ending Assets			$	390.0				$	441.0				$	390.0				$	441.0				$	869.6
OTHER INVESTED ASSETS
Investment Income	19.8	%	$	6.2		20.9	%	$	6.8		16.1	%	$	18.3		11.3	%	$	12.2		5.9	%	$	4.1
Realized Gains (losses)	-6.7	%		(2.2	)	-13.1	%		(4.2	)	0.1	%		0.1		-4.7	%		(5.0	)	-0.7	%		(0.5	)
Total	13.1	%	$	4.0		7.8	%	$	2.6		16.2	%	$	18.4		6.6	%	$	7.2		5.2	%	$	3.6
Ending Assets			$	110.8				$	116.7				$	110.8				$	116.7				$	100.0
TOTAL BEFORE INVESTMENT EXPENSES
Investment Income	7.1	%	$	202.3		5.8	%	$	159.3		6.9	%	$	765.6		6.6	%	$	732.8		9.2	%	$	1,018.4
Realized Gains (losses)	-2.9	%		(83.9	)	-0.7	%		(18.2	)	-1.4	%		(153.0	)	-0.1	%		(12.3	)	0.3	%		37.5
Total	4.2	%	$	118.4		5.1	%	$	141.1		5.5	%	$	612.6		6.5	%	$	720.5		9.5	%	$	1,055.9
Ending Assets			$	11,473.3				$	10,959.4				$	11,473.3				$	10,959.4				$	11,232.3
Other Fee Income	-0.2	%	$	(5.1	)	0.1	%	$	1.7		0.0	%	$	1.3		0.0	%	$	5.3		0.0	%	$	4.0
Investment expense	-0.1	%	$	(1.5	)	-0.5	%	$	(15.0	)	-0.3	%	$	(29.6	)	-0.4	%	$	(46.1	)	-0.4	%	$	(44.3	)
TOTAL AFTER INVESTMENT EXPENSES
Investment Income	6.8	%	$	194.9		5.3	%	$	145.9		6.6	%	$	737.3		6.2	%	$	692.1		8.8	%	$	978.1
Realized Gains (losses)	-2.9	%		(83.9	)	-0.7	%		(18.2	)	-1.4	%		(153.0	)	-0.1	%		(12.3	)	0.3	%		37.5
Total	3.9	%	$	111.0		4.7	%	$	127.7		5.2	%	$	584.3		6.1	%	$	679.8		9.1	%	$	1,015.6
Ending Assets				11,473.3					10,959.4					11,473.3					10,959.4					11,232.3
Net unrealized gains (losses) on fixed maturities				517.8					143.1					517.8					146.9					(9.8	)
Total invested assets			$	11,991.1				$	11,102.5				$	11,991.1				$	11,102.5				$	11,222.5

(1) Yields are based on annual average asset carrying values, excluding unrealized gains (losses) in the fixed maturity asset category.

(2) Yields are based on quarterly average asset carrying values, excluding unrealized gains (losses) in the fixed maturity asset category.

(3) Equity real estate income is shown net of operating expenses, depreciation and minority interest .

(4) Trading portfolio balances of $726.6 million and results are excluded from the yield calculation.

The Exhibit above includes invested assets in the Closed Block and excludes Trading Securities in Advest.

25

Exhibit 18A

(Unaudited)

FIXED MATURITIES BY CREDIT QUALITY

PUBLIC FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)
1	Aaa/Aa/A	$	3,297.1	74.1	%	$	3,552.7	$	2,730.4	73.8	%	$	2,806.4
2	Baa		906.5	20.0	%		961.6		769.5	20.6	%		784.9
3	Ba		207.1	4.4	%		210.4		161.9	4.1	%		155.3
4	B		64.0	1.3	%		63.8		37.9	1.1	%		40.8
5	Caa and lower		1.1	0.0	%		1.3		15.5	0.4	%		15.0
6	In or near default		7.3	0.2	%		7.3		1.8	0.0	%		1.9
	Subtotal		4,483.1	100.0	%		4,797.1		3,717.0	100.0	%		3,804.3
	Redeemable preferred stock		1.0	0.0	%		1.0		1.0	0.0	%		0.9
	Total Public Fixed
	Maturities	$	4,484.1	100.0	%	$	4,798.1	$	3,718.0	100.0	%	$	3,805.2

PRIVATE FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)						($ millions)
1	Aaa/Aa/A	$	914.2	31.4	%	$	997.1	$	1,077.5	35.1	%	$	1,113.7
2	Baa		1,436.3	48.9	%		1,551.4		1,620.7	51.9	%		1,645.8
3	Ba		417.4	13.4	%		426.2		270.6	8.5	%		269.3
4	B		86.1	2.6	%		80.8		63.2	1.9	%		62.0
5	Caa and lower		20.6	0.6	%		19.0		20.2	0.6	%		18.6
6	In or near default		48.6	1.5	%		49.1		4.5	0.2	%		5.7
	Subtotal		2,923.2	98.4	%		3,123.6		3,056.7	98.2	%		3,115.1
	Redeemable preferred stock		46.0	1.6	%		49.5		54.6	1.8	%		55.8
	Total Private Fixed
	Maturities	$	2,969.2	100.0	%	$	3,173.1	$	3,111.3	100.0	%	$	3,170.9

TOTAL FIXED MATURITIES BY CREDIT QUALITY

		Year Ended December 31, 2002						Year Ended December 31, 2001
NAIC Rating	Rating Agency Equivalent Designation	Amortized Cost		% of Total		Estimated Fair Value		Amortized Cost		% of Total		Estimated Fair Value
		($ millions)						($ millions)
1	Aaa/Aa/A	$	4,211.3	57.1	%	$	4,549.8	$	3,807.9	56.2	%	$	3,920.1
2	Baa		2,342.8	31.5	%		2,513.0		2,390.2	34.8	%		2,430.7
3	Ba		624.5	8.0	%		636.6		432.5	6.1	%		424.6
4	B		150.1	1.8	%		144.6		101.1	1.5	%		102.8
5	Caa and lower		21.7	0.3	%		20.3		35.7	0.5	%		33.6
6	In or near default		55.9	0.7	%		56.4		6.3	0.1	%		7.6
	Subtotal		7,406.3	99.4	%		7,920.7		6,773.7	99.2	%		6,919.4
	Redeemable preferred stock		47.0	0.6	%		50.5		55.6	0.8	%		56.7
	Total Fixed
	Maturities	$	7,453.3	100.0	%	$	7,971.2	$	6,829.3	100.0	%	$	6,976.1

The Exhibit above includes invested assets in the Closed Block and excludes Trading Securities in Advest.

26

Exhibit 18B

(Unaudited)

FIXED MATURITIES BY INDUSTRY

	As of December 31, 2002
	($ millions)
Industry	Public		%		Private		%		Total		%
Consumer Goods & Services	$	592.5	12.3	%	$	865.1	27.3	%	$	1,457.6	18.3	%
Government & Agency		1,025.0	21.4	%		0.0	0.0	%		1,025.0	12.9	%
Other Manufacturing		185.4	3.9	%		662.6	20.9	%		848.0	10.6	%
Public Utilities		470.2	9.8	%		292.3	9.2	%		762.5	9.6	%
Non-Government—Asset/Mortgage Backed		493.4	10.3	%		215.0	6.8	%		708.4	8.9	%
Financial Services		252.7	5.3	%		299.0	9.5	%		551.7	6.9	%
Banks		491.0	10.2	%		45.3	1.4	%		536.3	6.7	%
Transportation/Aerospace		332.2	6.9	%		186.5	5.9	%		518.7	6.5	%
Energy		243.1	5.1	%		196.5	6.2	%		439.6	5.5	%
Nat/Res/Manuf(non-energy)		106.6	2.2	%		212.8	6.7	%		319.4	4.0	%
Mortgage Backed-Government & Agency		306.9	6.4	%		1.0	0.0	%		307.9	3.9	%
Media/Adver/Printing		50.4	1.1	%		112.6	3.5	%		163.0	2.0	%
Other		144.5	3.0	%		16.7	0.5	%		161.2	2.0	%
Telecommunications		86.8	1.8	%		13.7	0.4	%		100.5	1.3	%
Cable Television		17.4	0.3	%		31.9	1.0	%		49.3	0.6	%
Bank Holding Companies		0.0	0.0	%		22.1	0.7	%		22.1	0.3	%
Total	$	4,798.1	100.0	%	$	3,173.1	100.0	%	$	7,971.2	100.0	%

	As of December 31, 2001
	($ millions)
Industry	Public		%		Private		%		Total		%
Consumer Goods & Services	$	463.6	12.2	%	$	761.5	24.0	%	$	1,225.1	17.7	%
Government & Agency		523.4	13.8	%		269.7	8.5	%		793.1	11.4	%
Other Manufacturing		436.4	11.4	%		303.4	9.6	%		739.8	10.6	%
Public Utilities		168.0	4.4	%		504.8	15.9	%		672.8	9.6	%
Non-Government—Asset/Mortgage Backed		222.5	5.8	%		372.0	11.7	%		594.5	8.5	%
Financial Services		467.8	12.3	%		42.4	1.3	%		510.2	7.3	%
Banks		303.4	8.0	%		198.5	6.3	%		501.9	7.2	%
Transportation/Aerospace		199.9	5.3	%		229.0	7.2	%		428.9	6.1	%
Energy		406.5	10.7	%		0.1	0.0	%		406.6	5.8	%
Nat/Res/Manuf(non-energy)		95.1	2.5	%		282.7	8.9	%		377.8	5.4	%
Mortgage Backed-Government & Agency		293.9	7.7	%		1.0	0.0	%		294.9	4.2	%
Media/Adver/Printing		26.7	0.7	%		106.2	3.3	%		132.9	1.9	%
Other		100.4	2.6	%		20.3	0.7	%		120.7	1.7	%
Telecommunications		94.3	2.5	%		16.6	0.6	%		110.9	1.6	%
Cable Television		1.1	0.0	%		33.3	1.1	%		34.4	0.5	%
Bank Holding Companies		2.2	0.1	%		29.4	0.9	%		31.6	0.5	%
Total	$	3,805.2	100.0	%	$	3,170.9	100.0	%	$	6,976.1	100.0	%

The Exhibit above includes invested assets in the Closed Block and excludes Trading Securities in Advest..

27

Exhibit 18C

(Unaudited)

VENTURE CAPITAL PARTNERSHIP INVESTMENTS

VENTURE CAPITAL PARTNERSHIP INVESTMENTS (1):

	Year Ended December 31, 2002		Year Ended December 31, 2001
	($ in millions)		($ in millions)
Equity Method
Public common stock	$	27.7	$	9.0
Private common stock		64.3		83.6
Sub-total		92.0		92.6
Cost Method
Public common stock		15.2		22.0
Private common stock		79.0		115.1
Sub-total		94.2		137.1
Total Venture Capital Partnership Investments	$	186.2	$	229.7

(1) Includes other net assets included on partnerships’ financial statements (e.g. cash, receivables, misc. payables, etc.)

VENTURE CAPITAL PARTNERSHIP INVESTMENTS BY SECTOR:

	Year Ended December 31, 2002				Year Ended December 31, 2001
	($ Millions)		%		($ Millions)		%
Information Technology	$	97.8	52.5	%	$	107.5	46.8	%
Domestic LBO		36.8	19.8	%		50.4	22.0	%
Life Sciences		4.5	2.4	%		20.0	8.7	%
Telecommunications		13.3	7.1	%		8.6	3.7	%
International LBO		5.8	3.1	%		14.0	6.1	%
Merchant Banking		10.7	5.8	%		11.9	5.2	%
Other		17.3	9.3	%		17.3	7.5	%
Total Venture Capital Partnership Investments by Sector	$	186.2	100.0	%	$	229.7	100.0	%

28

Exhibit 19

(Unaudited)

PROBLEM, POTENTIAL PROBLEM AND RESTRUCTURED COMMERCIAL

MORTGAGES AT CARRYING VALUE

	December 31, 2002			December 31, 2001
	($ millions)
Total Commercial Mortgages	$	1,570.5		$	1,507.7
Problem commercial mortgages (1)		—			16.3
Potential problem commercial mortgages		102.2			64.5
Restructured commercial mortgages		22.9			57.9
Total problem, potential problem and restructured commercial mortgages	$	125.1		$	138.7
Total problem, potential problem and restructured commercial mortgages as % of total commercial mortgages		8.0	%		9.2	%
Valuation allowances/writedowns (2)
Problem loans	$	0.0		$	4.6
Potential problem loans		9.1			8.4
Restructured loans		5.5			4.7
Total valuation allowances/writedowns	$	14.6		$	17.7
Total valuation allowances as a percent of problem, potential problem and restructured commercial mortgages at carrying value before valuation allowances and writedowns		10.5	%		11.3	%

(1) Problem commercial mortgages include delinquent loans and mortgage loans in foreclosure.

(2) Includes impairment writedowns recorded prior to adoption of SFAS No. 114, Accounting by Creditors for Impairment of a Loan.

The Exhibit above includes invested assets in the Closed Block.

29

Exhibit 20A

(Unaudited)

EQUITY REAL ESTATE

	December 31, 2002		December 31, 2001
	($ millions)
TYPE
Real estate	$	156.1	$	186.5
Subtotal		156.1		186.5
Foreclosed		24.1		44.3
Total	$	180.2	$	230.8

30

Exhibit 20B

(Unaudited)

MORTGAGES AND REAL ESTATE

	December 31, 2002				December 31, 2001
	($ millions)				($ millions)
Geographic Region
Southeast	$	456.8	22.2	%	$	449.1	22.0	%
West		366.1	17.8	%		361.6	17.7	%
Northeast		261.9	12.7	%		274.1	13.4	%
Mountain		384.7	18.7	%		414.2	20.3	%
Midwest		350.1	17.0	%		336.2	16.5	%
Southwest		238.0	11.6	%		205.3	10.1	%
	$	2,057.6	100	%	$	2,040.5	100	%

	December 31, 2002				December 31, 2001
	($ millions)				($ millions)
Property Type:
Office Buildings	$	906.5	44.1	%	$	873.3	42.8	%
Agricultural		306.9	14.9	%		304.9	14.9	%
Hotel		274.2	13.3	%		297.8	14.6	%
Retail		135.3	6.6	%		138.8	6.8	%
Industrial		188.2	9.1	%		156.6	7.7	%
Other		123.2	6.0	%		135.1	6.6	%
Apartment Buildings		123.3	6.0	%		134.0	6.6	%
	$	2,057.6	100	%	$	2,040.5	100	%

The Exhibit above includes invested assets in the Closed Block.

31

Exhibit 21

(Unaudited)

HISTORICAL QUARTERLY DATA

	2002			Q4'02			Q3'02			Q2'02			Q1'02			2001			Q4'01			Q3'01			Q2'01			Q1'01
($ millions, except per share amounts)
REVENUES:
Premiums		690.4			195.7			160.5		$	169.9		$	164.3		$	695.3		$	194.8		$	162.0		$	173.4		$	165.1
Universal life and investment-type product policy fees		200.5			44.3			54.6			52.5			49.1			207.2			55.1			50.1			52.3			49.7
Net investment income		737.3			194.9			170.1			181.9			194.7			692.1			146.0			172.9			189.5			183.7
Net realized (losses)/gains on investments		(153.0	)		(83.9	)		(41.2	)		(25.5	)		(2.4	)		(12.3	)		(18.3	)		0.5			3.0			2.5
Group pension profits		82.3			60.3			6.8			7.5			7.7			30.7			3.5			8.0			9.3			9.9
Retail brokerage and investment banking		397.1			99.6			109.1			97.6			90.8			343.5			90.5			82.1			99.8			71.1
Other income		139.9			43.3			24.9			29.3			38.1			147.1			53.3			21.8			41.7			30.3
Total revenues		2,094.5			554.2			484.8			513.2			542.3			2,103.6			524.9			497.4			569.0			512.3
BENEFITS AND EXPENSES:
Benefits to policyholders		803.1			217.7			195.3			199.5			190.6			814.7			218.6			203.9			194.5			197.7
Interest credited to policyholder account balances		119.3			33.5			30.0			27.9			27.9			110.5			27.3			27.9			27.0			28.3
Amortization of deferred policy acquisition costs		156.1			35.7			49.7			38.0			32.9			158.8			60.4			32.9			28.3			37.2
Dividends to policyholders		188.0			16.2			53.5			56.8			61.5			236.6			66.9			54.5			60.6			54.6
Other operating costs and expenses		860.0			241.7			202.7			207.1			208.3			876.4			285.4			190.0			226.8			174.2
Total benefits and expenses		2,126.5			544.8			531.2			529.3			521.2			2,197.0			658.6			509.2			537.2			492.0
(Loss)/Income before income taxes and extraordinary item		(32.0	)		9.4			(46.4	)		(16.1	)		21.1			(93.4	)		(133.7	)		(11.8	)		31.8			20.3
Income tax expense/(benefit)		(11.2	)		3.3			(16.2	)		(5.1	)		6.8			(32.6	)		(46.0	)		(3.1	)		9.5			7.0
Net Income/(Loss) before extraordinary item		(20.8	)		6.1			(30.2	)		(11.0	)		14.3			(60.8	)		(87.7	)		(8.7	)		22.3			13.3
Discontinued Operations: Loss from real estate operations held for sale, net		(2.5	)		(2.5	)		—			—			—			—			—			—			—			—
Net (loss)/income	$	(23.3	)	$	3.6		$	(30.2	)	$	(11.0	)	$	14.3		$	(60.8	)	$	(87.7	)	$	(8.7	)	$	22.3		$	13.3
Net (loss)/income	$	(23.3	)	$	3.6		$	(30.2	)	$	(11.0	)	$	14.3		$	(60.8	)	$	(87.7	)	$	(8.7	)	$	22.3		$	13.3
Realized losses included in the 4th quarter charge		—			—			—			—			—			13.1			13.1			—			—			—
Net realized losses/(gains) on investments (after-tax)		69.2			29.5			23.4			15.5			0.9			(1.2	)		(0.4	)		1.4			(0.6	)		(1.6	)
Operating (loss)/income		45.9			33.1			(6.8	)		4.5			15.2			(48.9	)		(75.0	)		(7.3	)		21.7			11.7
Other Charges		(21.8	)		(26.3	)		—			4.5			—			81.9			81.9			—			—			—
Venture capital (income)/loss—(after-tax)		(3.6	)		(8.5	)		5.1			3.0			(3.3	)		9.1			—			10.1			(4.1	)		3.1
Operating (loss)/income as adjusted:	$	20.5		$	(1.7	)	$	(1.7	)	$	12.0		$	11.9		$	42.1		$	6.9		$	2.8		$	17.6		$	14.8
Number of Shares Used in Per Share Calculations:
BASIC		47,582,799			46,923,822			47,414,250			47,994,628			48,012,310			48,608,378			47,786,913			48,642,274			49,363,512			48,720,335
DILUTED		47,582,799			47,104,088			47,414,250			47,994,628			49,737,205			48,608,378			47,786,913			48,642,274			50,913,099			50,314,782
Net (Loss)/Income Per Share:
BASIC	$	(0.49	)	$	0.08		$	(0.64	)	$	(0.23	)	$	0.30		$	(1.25	)	$	(1.84	)	$	(0.18	)	$	0.45		$	0.27
DILUTED	$	(0.49	)	$	0.08		$	(0.64	)	$	(0.23	)	$	0.29		$	(1.25	)	$	(1.84	)	$	(0.18	)	$	0.44		$	0.26
Operating (loss)/income
BASIC	$	0.97		$	0.70		$	(0.14	)	$	0.09		$	0.32		$	(1.01	)	$	(1.57	)	$	(0.15	)	$	0.44		$	0.24
DILUTED	$	0.97		$	0.70		$	(0.14	)	$	0.09		$	0.31		$	(1.01	)	$	(1.57	)	$	(0.15	)	$	0.43		$	0.23
Operating (loss)/income as adjusted:
BASIC	$	0.43		$	(0.04	)	$	(0.04	)	$	0.25		$	0.25		$	0.87		$	0.14		$	0.06		$	0.36		$	0.30
DILUTED	$	0.43		$	(0.04	)	$	(0.04	)	$	0.25		$	0.24		$	0.87		$	0.14		$	0.06		$	0.35		$	0.29

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Exhibit 22

STATUTORY EXPENSE RATIOS

	Three Months Ending December 31,						As of December 31,
	2002			2001			2002			2001			2000			1999			1998
PREMIUMS AND DEPOSITS (1) (6) (8):
MONY Life Insurance Company	$	261.8		$	192.2		$	811.3		$	860.2		$	1,126.8		$	900.0		$	919.8
MONY Life Insurance Company of America		280.2			232.3			995.1			910.5			1,549.7			1,361.0			774.3
Total	$	542.0		$	424.5		$	1,806.4		$	1,770.7		$	2,676.5		$	2,261.0		$	1,694.1
GENERAL EXPENSES (2) (4) (5) (7):
MONY Life Insurance Company	$	61.1		$	65.7		$	222.6		$	240.4		$	261.1		$	247.8		$	308.2
MONY Life Insurance Company of America		40.9			38.8			143.3			129.7			117.9			106.7			86.7
Total	$	102.0		$	104.5		$	365.9		$	370.1		$	379.0		$	354.5		$	394.9
LESS REAL ESTATE EXPENSES (3):
MONY Life Insurance Company	$	4.8		$	2.6		$	18.1		$	9.9		$	22.5		$	34.9		$	56.3
MONY Life Insurance Company of America		0.7			0.6			2.8			2.6			2.7			2.8			3.2
Total	$	5.5		$	3.2		$	20.9		$	12.5		$	25.2		$	37.7		$	59.5
Expenses (excluding real estate expenses)	$	96.5		$	101.3		$	345.0		$	357.6		$	353.8		$	316.8		$	335.4
Expenses (excluding real estate expenses) to Net Premiums and Deposits		17.8	%		23.9	%		19.1	%		20.2	%		13.2	%		14.0	%		19.8	%

(1) Full year results from Annual statement Page 4, Line 1 for 2002 and 2001. Includes Lines 1 and 1A for years prior to 2001.

(2) Full year results from Annual Statement Exhibit 2, Line 10 for 2002 and Exhibit 5 Line 10 for years prior to 2002.

(3) Full year results from Annual Statement Exhibit 2, Line 9.1 for 2002 and Exhibit 5 Line 9.1 for years prior to 2002.

(4) 1998 General Expenses Exclude Year to date Disbursements of $20 million for Y2K and other strategic items.

(5) 1999 General Expenses excludes $59.7 million of early retirement and realignment charge.

(6) Includes transfers to new product series of $18.7 million and $28.4 million for the three months ended December 31, 2002 and 2001, respectively, $70.7 million, $208.5 million, $1,005.1 million, and $742.0 million for the years ended December 31, 2002, 2001, 2000, and 1999, respectively

(7) Adjusted to exclude reorganization and other charges of $7.2 million and $24.3 million for the three months and the years ended December 31, 2002 and 2001, respectively.

(8) Beginning in 2001, contributions relating to contracts issued by an insurer that do not incorporate mortality of morbidity risk (deposit-type contracts) are not reported as premium and deposits, but are accounted for as deposit liabilities. In prior years these amounts were reported as premium and deposits. Contributions for deposit-type contracts of $ 78.0 and $73.9 million for the years ended December 31, 2002 and 2001, respectively, and $27.2 million and $19.3 million for the three months ended December 31,2002 and 2001, respectively have been included as premium and deposits for the presentation above.

33