Reinsurance

12 Months Ended

Dec. 31, 2014

Reinsurance

Schedule III

ALLIANZ LIFE INSURANCE COMPANY

OF NORTH AMERICA AND SUBSIDIARIES

Reinsurance

Years ended December 31, 2014, 2013, and 2012

(In thousands)

	Direct		Ceded to other			Assumed from other			Net		Percentage of amount assumed
Years ended	amount		companies			companies			amount		to net
December 31, 2014:
Life insurance in force	$	28,518,136		19,851,269			67,484			8,734,351		0.8	%
Premiums and policy fees:
Life	$	162,098		41,659			779			121,218		0.6	%
Annuities		1,145,637		(1,445	)		(153	)		1,146,929		—
Accident and health		189,981		80,007			29,976			139,950		21.4
Total premiums and policy fees	$	1,497,716		120,221			30,602			1,408,097		2.2	%
December 31, 2013:
Life insurance in force	$	26,107,972		17,815,125			80,931			8,373,778		1.0	%
Premiums and policy fees:
Life	$	149,803		42,857			606			107,552		0.6	%
Annuities		1,046,313		(1,966	)		(468	)		1,047,811		—
Accident and health		184,288		78,876			27,598			133,010		20.7
Total premiums and policy fees	$	1,380,404		119,767			27,736			1,288,373		2.2	%
December 31, 2012:
Life insurance in force	$	24,257,515		16,420,252			91,346			7,928,609		1.2	%
Premiums and policy fees:
Life	$	138,180		42,900			851			96,131		0.9	%
Annuities		819,359		27			(318	)		819,014		—
Accident and health		189,659		81,257			25,610			134,012		19.1
Total premiums and policy fees	$	1,147,198		124,184			26,143			1,049,157		2.5	%

The Life and Annuities categories above are prescribed splits based on product and will differ from the results of the Life and Individual Annuity segments.

See accompanying report of independent registered public accounting firm.