EX-99.O. 6 a19-2953_1ex99dod.htm EX-99.O.

 

Schedule I - Summary of Investments - Other

Than Investments in Related Parties

FARM BUREAU LIFE INSURANCE COMPANY

December 31, 2018

 

Column A

 

Column B

 

Column C

 

Column D

 

 

 

 

 

 

Amount at which

 

 

 

 

 

 

shown in the balance

Type of Investment

 

Cost (1)

 

Value

 

sheet

 

 

(Dollars in thousands)

Fixed maturities, available for sale:

 

 

 

 

 

 

Bonds:

 

 

 

 

 

 

Corporate

 

$

3,231,846

 

$

3,279,885

 

$

3,279,885

Mortgage- and asset-backed

 

2,135,107

 

2,167,349

 

2,167,349

United States Government and agencies

 

19,673

 

20,535

 

20,535

States and political subdivisions

 

1,449,621

 

1,539,629

 

1,539,629

Total

 

6,836,247

 

$

7,007,398

 

7,007,398

 

 

 

 

 

 

 

Equity securities:

 

 

 

 

 

 

Common stocks:

 

 

 

 

 

 

Industrial, miscellaneous and all other

 

3,301

 

$

3,301

 

3,301

Non-redeemable preferred stocks

 

84,960

 

84,294

 

84,294

Total

 

88,261

 

$

87,595

 

87,595

 

 

 

 

 

 

 

Mortgage loans (2)

 

1,042,936

 

 

 

1,041,067

Investment real estate (2)

 

1,703

 

 

 

1,543

Policy loans

 

197,366

 

 

 

197,366

Short-term investments

 

2,795

 

 

 

2,795

Other investments

 

36,704

 

 

 

33,765

Total investments

 

$

8,206,012

 

 

 

$

8,371,529

 

(1)         On the basis of cost adjusted for repayments and amortization of premiums and accrual of discounts for fixed maturities and short-term investments; original cost for equity securities, real estate and other investments; and unpaid principal balance for mortgage loans and policy loans.

(2)         Amount shown on balance sheet differs from cost due to allowance for possible losses deducted from cost.

 

47

 

Schedule III - Supplementary Insurance Information

FARM BUREAU LIFE INSURANCE COMPANY

 

Column A

 

Column B

 

Column C

 

Column D

 

Column E

 

 

 

 

Future policy

 

 

 

 

 

 

 

 

benefits, losses,

 

 

 

Other

 

 

Deferred

 

claims and loss

 

Unearned

 

policyholder

 

 

acquisition costs

 

expenses

 

revenues

 

funds

 

 

(Dollars in thousands)

December 31, 2018:

 

 

 

 

 

 

 

 

Annuity

 

$

93,819

 

$

4,036,152

 

$

—

 

$

338,646

Life Insurance

 

308,937

 

2,776,656

 

19,427

 

194,879

Corporate and Other

 

52,999

 

416,403

 

11,021

 

30,354

Impact of unrealized gains/losses

 

(46,732)

 

1,642

 

(5,134)

 

—

Total

 

$

409,023

 

$

7,230,853

 

$

25,314

 

$

563,879

 

 

 

 

 

 

 

 

 

December 31, 2017:

 

 

 

 

 

 

 

 

Annuity

 

$

92,116

 

$

3,963,187

 

$

—

 

$

355,877

Life Insurance

 

287,421

 

2,677,519

 

17,043

 

201,693

Corporate and Other

 

60,517

 

419,411

 

11,341

 

32,083

Impact of unrealized gains/losses

 

(147,173)

 

18,499

 

(12,705)

 

—

Total

 

$

292,881

 

$

7,078,616

 

$

15,679

 

$

589,653

 

 

 

 

 

 

 

 

 

December 31, 2016:

 

 

 

 

 

 

 

 

Annuity

 

$

88,762

 

$

3,827,295

 

$

—

 

$

364,966

Life Insurance

 

267,545

 

2,573,276

 

13,526

 

199,944

Corporate and Other

 

60,852

 

417,524

 

10,923

 

30,543

Impact of unrealized gains/losses

 

(95,647)

 

3,795

 

(4,215)

 

—

Total

 

$

321,512

 

$

6,821,890

 

$

20,234

 

$

595,453

 

48

 

Schedule III - Supplementary Insurance Information (Continued)

FARM BUREAU LIFE INSURANCE COMPANY

 

Column A

 

Column F

 

Column G

 

Column H

 

Column I

 

Column J

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits,

 

 

 

 

 

 

 

 

 

 

claims, losses

 

Amortization

 

 

 

 

 

 

Net

 

and

 

of deferred

 

Other

 

 

Premium

 

investment

 

settlement

 

acquisition

 

operating

 

 

revenue

 

income

 

expenses

 

costs

 

expenses

 

 

(Dollars in thousands)

December 31, 2018:

 

 

 

 

 

 

 

 

 

 

Annuity

 

$

5,173

 

$

216,842

 

$

124,015

 

$

11,243

 

$

25,892

Life Insurance

 

272,797

 

156,759

 

276,571

 

15,264

 

84,389

Corporate and Other

 

43,579

 

30,085

 

34,465

 

7,930

 

15,086

Change in fair value of derivatives

 

(310)

 

(15,480)

 

(6,065)

 

(904)

 

—

Impact of realized gains/losses (1)

 

(181)

 

—

 

(24)

 

(346)

 

—

Total

 

$

321,058

 

$

388,206

 

$

428,962

 

$

33,187

 

$

125,367

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017:

 

 

 

 

 

 

 

 

 

 

Annuity

 

$

4,484

 

$

217,308

 

$

122,224

 

$

8,506

 

$

24,633

Life Insurance

 

260,780

 

156,795

 

264,657

 

14,368

 

78,313

Corporate and Other

 

43,474

 

32,038

 

39,060

 

913

 

15,150

Change in fair value of derivatives

 

—

 

2,263

 

(1,021)

 

(146)

 

—

Impact of realized gains/losses

 

(515)

 

—

 

(19)

 

(216)

 

—

Total

 

$

308,223

 

$

408,404

 

$

424,901

 

$

23,425

 

$

118,096

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016:

 

 

 

 

 

 

 

 

 

 

Annuity

 

$

3,803

 

$

208,476

 

$

113,543

 

$

11,185

 

$

23,733

Life Insurance

 

260,331

 

153,862

 

261,757

 

11,038

 

75,100

Corporate and Other

 

44,673

 

29,635

 

37,296

 

5,673

 

14,659

Change in fair value of derivatives

 

—

 

6,550

 

3,704

 

350

 

—

Impact of realized gains/losses

 

(8)

 

—

 

(32)

 

(638)

 

(3)

Total

 

$

308,799

 

$

398,523

 

$

416,268

 

$

27,608

 

$

113,489

 

(1)   Beginning in 2018, amount includes changes in fair value of equity securities.

 

49

 

Schedule IV - Reinsurance

FARM BUREAU LIFE INSURANCE COMPANY

 

Column A

 

Column B

 

Column C

 

Column D

 

Column E

 

Column F

 

 

 

 

Ceded to

 

Assumed

 

 

 

Percent of

 

 

Gross

 

other

 

from other

 

 

 

amount

 

 

amount

 

companies

 

companies

 

Net amount

 

assumed to net

 

 

(Dollars in thousands)

Year ended December 31, 2018:

 

 

 

 

 

 

 

 

 

 

Life insurance in force, at end of year

 

$

64,290,040

 

$

14,029,567

 

$

455,176

 

$

50,715,649

 

0.9%

Insurance premiums and other considerations:

 

 

 

 

 

 

 

 

 

 

Interest sensitive product charges

 

$

121,413

 

$

1,044

 

$

2,377

 

$

122,746

 

1.9%

Traditional life insurance premiums

 

223,960

 

25,779

 

131

 

198,312

 

0.1%

Accident and health premiums

 

6,038

 

5,627

 

—

 

411

 

—

 

 

$

351,411

 

$

32,450

 

$

2,508

 

$

321,469

 

0.8%

Year ended December 31, 2017:

 

 

 

 

 

 

 

 

 

 

Life insurance in force, at end of year

 

$

62,667,310

 

$

14,086,576

 

$

487,284

 

$

49,068,018

 

1.0%

Insurance premiums and other considerations:

 

 

 

 

 

 

 

 

 

 

Interest sensitive product charges

 

$

111,616

 

$

1,021

 

$

2,341

 

$

112,936

 

2.1%

Traditional life insurance premiums

 

220,866

 

25,832

 

296

 

195,330

 

0.2%

Accident and health premiums

 

6,486

 

6,069

 

—

 

417

 

—

 

 

$

338,968

 

$

32,922

 

$

2,637

 

$

308,683

 

0.9%

Year ended December 31, 2016:

 

 

 

 

 

 

 

 

 

 

Life insurance in force, at end of year

 

$

60,753,614

 

$

14,258,457

 

$

523,538

 

$

47,018,695

 

1.1%

Insurance premiums and other considerations:

 

 

 

 

 

 

 

 

 

 

Interest sensitive product charges

 

$

110,608

 

$

1,003

 

$

2,323

 

$

111,928

 

2.1%

Traditional life insurance premiums

 

222,037

 

25,470

 

347

 

196,914

 

0.2%

Accident and health premiums

 

6,956

 

6,585

 

—

 

371

 

—

 

 

$

339,601

 

$

33,058

 

$

2,670

 

$

309,213

 

0.9%

 

50