7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 
      
    		                                                 
      cash flows from operating activities
    		                                                 
      management fee received
    		943,766,000 713,712,000 760,565,000 736,108,000 772,315,000 725,656,000 664,288,000 620,511,000 637,106,000 604,670,000 557,905,000 526,295,000 555,678,000 528,656,000 490,360,000 485,720,000 511,055,000 499,277,000 486,040,000  496,108,000 484,327,000 453,635,000  484,919,000 469,223,000 433,735,000 441,478,000 450,075,000 440,797,000 418,897,000 401,592,000 419,837,000 416,783,000 389,346,000 381,465,000 398,041,000 393,345,000 363,848,000           
      administrative services reimbursements received
    		109,125,000 278,382,000 221,955,000 218,789,000 183,453,000 164,062,000 209,846,000 182,985,000 179,611,000 161,700,000 197,632,000 181,776,000 169,262,000 123,900,000 193,919,000 162,905,000 169,886,000 143,817,000 157,692,000  152,444,000 139,389,000 140,300,000  124,307,000 148,082,000 148,308,000 146,627,000 130,015,000 147,634,000 150,422,000                   
      service agreement revenue received
    		6,936,000 5,303,000 6,432,000 6,542,000 6,815,000 6,475,000 6,514,000 6,651,000 6,579,000 6,429,000 6,359,000                                       
      net investment income received
    		21,458,000 18,469,000 19,326,000 18,596,000 17,457,000 15,640,000 15,950,000 14,869,000 15,510,000 13,323,000 13,746,000 11,260,000 10,306,000 9,085,000 9,510,000 17,873,000 9,222,000 8,862,000 9,873,000  7,849,000 8,853,000 9,364,000  8,662,000 7,687,000 9,112,000 10,864,000 9,346,000 8,328,000 8,951,000 7,688,000 8,571,000 7,469,000 7,553,000 7,153,000 6,722,000 6,739,000 6,182,000 -371,001,000 135,000,000 136,000,000 126,000,000 122,000,000 127,000,000 114,000,000 121,000,000 113,000,000 115,000,000 
      commissions paid to agents
    		-447,816,000 -412,589,000 -370,528,000 -375,303,000 -386,648,000 -366,286,000 -315,059,000 -310,504,000 -325,292,000 -302,406,000 -261,812,000 -270,494,000 -278,606,000 -262,227,000 -230,831,000 -239,874,000 -261,861,000 -245,204,000 -219,346,000  -247,825,000 -232,623,000 -215,999,000  -235,019,000 -229,966,000 -204,633,000 -214,184,000 -225,694,000 -221,077,000 -192,803,000 -202,927,000 -211,300,000 -203,748,000 -182,652,000 -191,223,000 -201,522,000 -191,343,000 -172,625,000           
      incentive compensation paid to agents
    		-4,525,000 -6,384,000 -79,017,000 -6,565,000 -7,666,000 -8,220,000 -72,413,000                                           
      salaries and wages paid
    		-61,340,000 -59,277,000 -79,844,000 -60,049,000 -57,862,000 -49,023,000 -82,203,000 -47,860,000 -54,675,000 -47,563,000 -75,938,000 -43,849,000 -50,651,000 -42,847,000 -71,228,000 -43,495,000 -47,332,000 -45,079,000 -68,373,000  -46,060,000 -50,840,000 -49,520,000  -36,514,000 -50,925,000 -50,840,000 -45,669,000 -34,267,000 -47,933,000 -54,668,000 -43,476,000 -32,609,000 -48,020,000 -47,442,000 -40,994,000 -29,482,000 -44,777,000 -45,732,000           
      pension contribution and employee benefits paid
    		-18,330,000 -17,726,000 -60,501,000 -20,547,000 -19,629,000 -16,212,000 -54,376,000 -18,770,000    -11,211,000                 -7,384,000 -50,135,000 -49,199,000 -27,144,000 -29,100,000 -7,180,000 -26,557,000 -6,909,000 -5,710,000 -6,995,000 -24,636,000           
      general operating expenses paid
    		-81,928,000 -72,672,000 -81,938,000 -78,598,000 -68,573,000 -81,038,000 -80,064,000 -66,908,000 -74,974,000 -71,196,000 -80,779,000 -76,372,000 -54,855,000 -74,820,000 -57,477,000 -55,266,000 -53,655,000 -69,917,000 -56,456,000  -60,191,000 -64,931,000 -68,491,000  -61,884,000 -57,476,000 -60,439,000 -63,277,000 -33,378,000 -52,348,000 -59,033,000 -31,099,000 -54,863,000 -52,122,000 -61,000,000 -42,300,000 -42,014,000 -39,495,000 -52,220,000           
      administrative services expenses paid
    		-217,370,000 -196,191,000 -218,352,000 -209,523,000 -196,491,000 -176,604,000 -208,432,000 -189,295,000 -178,606,000 -172,489,000 -189,739,000 -170,517,000 -163,475,000 -151,095,000 -182,437,000 -161,007,000 -160,906,000 -148,886,000 -161,731,000  -142,485,000 -148,380,000 -149,666,000  -133,783,000 -148,090,000 -143,046,000 -152,486,000 -132,217,000 -148,700,000 -146,935,000                   
      income taxes paid
    		-30,570,000   -35,992,000 -44,000,000   -36,000,000 -32,000,000   -20,630,000 -21,000,000   -20,990,000 -23,001,000    -46,951,000    -21,000,000   -29,606,000 -29,000,000   -35,746,000 -22,737,000   -35,250,000 -27,099,000 -42,000,000 -258,000 239,653,000 -98,000,000 -176,000,000 -72,000,000 -64,000,000 -28,000,000 -84,000,000 -14,000,000 -76,000,000 -59,000,000 
      net cash from operating activities
    		219,406,000 177,576,000 118,118,000 193,458,000 199,171,000 131,427,000 87,193,000 148,436,000 52,762,000 131,976,000 48,031,000 128,044,000 131,834,000 82,721,000 23,553,000 138,756,000 136,318,000 94,238,000 33,482,000  107,196,000 107,205,000 20,077,000  123,450,000 90,176,000 24,240,000 89,271,000 132,721,000 81,823,000 -40,230,000 76,792,000 80,843,000 74,613,000 -35,122,000 98,785,000 105,069,000 72,244,000 -21,762,000 -445,622,000 352,000,000 221,000,000 90,000,000 230,000,000 304,000,000 191,000,000 54,000,000 214,000,000 359,000,000 
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0  0 0 0  0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -19,000,000 -14,000,000 -12,000,000 -23,000,000 -12,000,000 -11,000,000 -6,000,000 -18,000,000 -5,000,000 
      free cash flows
    		219,406,000 177,576,000 118,118,000 193,458,000 199,171,000 131,427,000 87,193,000 148,436,000 52,762,000 131,976,000 48,031,000 128,044,000 131,834,000 82,721,000 23,553,000 138,756,000 136,318,000 94,238,000 33,482,000  107,196,000 107,205,000 20,077,000  123,450,000 90,176,000 24,240,000 89,271,000 132,721,000 81,823,000 -40,230,000 76,792,000 80,843,000 74,613,000 -35,122,000 98,785,000 105,069,000 72,244,000 -21,762,000 -445,622,000 333,000,000 207,000,000 78,000,000 207,000,000 292,000,000 180,000,000 48,000,000 196,000,000 354,000,000 
      cash flows from investing activities
    		                                                 
      purchase of investments:
    		                                                 
      available-for-sale securities
    		-12,930,000 -77,356,000 -131,330,000 -100,266,000 -137,381,000 -158,470,000 -77,530,000 -73,383,000 -82,849,000 -76,173,000 -47,594,000 -89,605,000 -163,974,000 -120,437,000 -91,055,000 -112,950,000 -98,396,000 -93,488,000 -75,183,000  -139,901,000 -60,750,000 -137,442,000  -237,502,000 -394,573,000 -220,811,000 -198,122,000 -79,925,000 -37,585,000 -77,263,000 -98,479,000 -107,899,000 -119,282,000 -65,521,000 -100,574,000 -107,402,000 -94,278,000 -67,557,000           
      equity securities
    		-1,250,000 -7,571,000 -6,946,000 -7,134,000 -12,523,000 -6,005,000 -7,137,000 -9,285,000 -7,505,000 -8,983,000 -9,707,000 -5,973,000 -5,799,000 -2,538,000 -4,619,000 -12,537,000 -17,246,000 -9,589,000 -18,819,000  -22,440,000 -26,318,000 -18,089,000  -46,536,000 0 0 0 -3,052,000 0 -1,035,000                   
      other investments
    		   -75,000 0 -7,000,000 0 -81,000 0 -4,000 -3,000 0 0   -1,041,000 0 -256,000 -349,000  -165,000    -128,000                         
      proceeds from investments:
    		                                                 
      available-for-sale securities sales
    		14,318,000 28,982,000 34,721,000 48,802,000 51,185,000 79,250,000 25,922,000 34,253,000 47,553,000 36,093,000 42,715,000 57,264,000 114,974,000 75,467,000 48,291,000 41,284,000 49,666,000 27,965,000 31,238,000  20,287,000 24,415,000 44,562,000  224,923,000 281,441,000 149,155,000 109,410,000 49,526,000 18,670,000 57,717,000 23,899,000 62,567,000 41,218,000 16,633,000               
      available-for-sale securities maturities/calls
    		67,920,000 33,137,000 34,278,000 44,467,000 51,519,000 53,729,000 46,926,000 20,845,000 26,800,000 14,570,000 14,402,000 18,982,000 36,791,000 31,929,000 42,699,000 42,206,000 42,826,000 54,643,000 45,145,000  34,009,000 23,317,000 35,405,000  20,944,000 107,559,000 154,343,000 35,474,000 29,248,000 41,201,000 28,473,000 48,546,000 46,392,000 56,582,000 43,460,000               
      purchase of fixed assets
    		-34,994,000 -20,257,000 -29,674,000 -46,643,000 -27,714,000 -28,042,000 -22,446,000 -20,546,000 -27,098,000 -25,861,000 -19,142,000 -16,319,000 -22,864,000 -12,563,000 -15,458,000 -110,703,000 -9,900,000 -17,051,000 -11,146,000  -14,863,000 -16,340,000 -21,086,000  -34,103,000 -16,849,000 -17,411,000                       
      loans to agents and others
    		-12,580,000 -5,598,000 -12,568,000 -4,045,000                                              
      collections on agent and other loans
    		2,513,000 4,728,000 2,113,000                                               
      net cash from investing activities
    		35,520,000 -38,812,000 -97,760,000 -56,506,000 -90,774,000 -52,633,000 -26,999,000 -51,835,000 -37,466,000 -55,938,000 -12,326,000 -31,925,000 -32,801,000 -28,464,000 -13,732,000 -142,332,000 -7,647,000 -24,683,000 -10,828,000  -103,148,000 -32,674,000 -82,749,000  -74,456,000 -21,543,000 63,758,000 -28,423,000 -47,322,000 11,086,000 -16,739,000 -34,248,000 -4,469,000 -28,865,000 -7,081,000 -40,306,000 -55,371,000 -19,418,000 -21,849,000 475,622,000 -125,000,000 -195,000,000 -155,000,000 -63,000,000 -201,000,000 -237,000,000 -95,000,000 -261,000,000 -163,000,000 
      cash flows from financing activities
    		                                                 
      dividends paid to shareholders
    		-63,568,000 -63,569,000 -63,569,000 -59,376,000 -59,378,000 -59,377,000 -59,377,000 -55,419,000 -55,419,000 -55,418,000 -55,419,000 -51,693,000 -51,693,000 -51,693,000 -51,693,000 -48,201,000 -48,200,000 -48,200,000 -48,200,000  -44,940,000 -44,941,000 -44,940,000  -41,913,000 -41,914,000 -41,910,000 -39,119,000 -39,120,000 -39,119,000 -39,116,000 -36,441,000 -36,441,000 -36,442,000 -36,441,000 -33,996,000 -33,996,000 -33,997,000 -33,996,000 -31,858,000 -32,000,000 -31,000,000 -32,000,000 -30,000,000 -30,000,000 -29,000,000 -30,000,000 -28,000,000 -28,000,000 
      net changes in cash collateral for securities lent
    		19,166,000 22,453,000 5,193,000 -392,000 1,560,000                                             
      net cash from financing activities
    		-44,402,000 -41,116,000 -58,376,000 -59,768,000 -57,818,000 -53,032,000 -59,377,000 -55,419,000 -55,419,000 -55,418,000 -55,419,000 -51,693,000 -91,693,000 -105,238,000 -52,218,000 -48,718,000 -48,713,000 -48,709,000 -48,702,000  -45,431,000 -45,439,000 -45,421,000  -42,384,000 -42,416,000 -42,370,000 -39,119,000 -39,123,000 -14,124,000 -39,125,000 -11,451,000 -36,455,000 -11,457,000 -36,451,000 -9,220,000 -33,996,000 -33,997,000 -33,996,000 -42,858,000 -30,000,000 -25,000,000 -29,000,000 -32,000,000 -24,000,000 -33,000,000 -32,000,000 -36,000,000 -26,000,000 
      net increase in cash, cash equivalents and restricted cash
    		210,524,000 97,648,000 -38,018,000 77,184,000 50,579,000                                             
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 298,397,000                                               
      cash, cash equivalents and restricted cash, end of period
    		210,524,000 97,648,000 260,379,000                                               
      supplemental disclosure of noncash transactions
    		                                                 
      liability incurred to purchase fixed assets
    		23,415,000 0 844,000 4,462,000 -371,000 -5,219,000 16,382,000     0 1,553,000 7,160,000 17,673,000 -300,000 78,000 -4,074,000 17,098,000  -318,000 47,000 767,000  -6,694,000                         
      operating lease assets obtained in exchange for lease liabilities
    		439,000 1,204,000 1,319,000 765,000 2,443,000 1,791,000 2,872,000 -1,808,000 3,917,000 3,087,000 670,000                                       
      receipt of donated equipment
    		0                                                 
      income taxes recovered
    		  20,000    3,142,000        17,000        375,000    138,000        234,000               
      interest paid
    		           0 -197,000 -916,000 -1,021,000 -1,027,000 -1,032,000 -1,038,000 -1,044,000  -1,000 10,000 -14,000  -134,000 -271,000 -448,000 -557,000 -755,000 -515,000 -550,000 -333,000 -380,000 -161,000 -164,000               
      proceeds from disposal of fixed assets
    		           0 109,000 126,000 30,000                                   
      collections on agent loans
    		   2,393,000 2,093,000 2,736,000 2,846,000  2,034,000 2,398,000 2,325,000 2,010,000 2,215,000 2,078,000 2,220,000 2,155,000 3,640,000 1,446,000 2,138,000  2,058,000 1,634,000 1,943,000   1,678,000 2,313,000                       
      proceeds from short-term borrowings
    		           0 0                                     
      payments on short-term borrowings
    		           0 -40,000,000                                     
      payments on long-term borrowings
    		           0 0                                     
      cash, cash equivalents and restricted cash, beginning of year
    		                                                 
      cash, cash equivalents and restricted cash, end of year
    		                                                 
      cash, cash equivalents and restricted cash beginning of period
    		    0                                             
      cash, cash equivalents and restricted cash end of period
    		    50,579,000                                             
      loans to agents and other
    		                                                 
      loans to agents
    		      -2,507,000  -1,323,000 -3,247,000 -903,000 -2,061,000 -801,000 -3,574,000 -5,195,000 -734,000 -2,718,000 -1,933,000 -997,000  -1,460,000 -510,000 -1,803,000                           
      net increase in cash, cash equivalents, and restricted cash
    		      817,000                                           
      cash, cash equivalents, and restricted cash beginning of period
    		      144,055,000                                           
      cash, cash equivalents, and restricted cash end of period
    		      144,872,000                                           
      cash, cash equivalents, and restricted cash, beginning of year
    		                                                 
      cash, cash equivalents, and restricted cash, end of year
    		                                                 
      agents bonuses paid
    		        -6,965,000 -7,078,000 -98,925,000 -4,704,000 -4,797,000 -4,809,000 -122,093,000 -3,805,000 -4,100,000 -4,579,000 -111,099,000  -4,116,000 -3,100,000 -97,085,000  -3,722,000 -3,851,000 -104,689,000 -3,657,000 -4,063,000 -3,987,000 -122,607,000 -3,881,000 -3,806,000 -3,781,000 -111,275,000 -3,356,000 -3,333,000 -3,237,000 -103,933,000           
      net decrease in cash and cash equivalents
    		          -19,714,000   -50,981,000 -42,397,000   20,846,000 -26,048,000           78,785,000 -96,094,000  39,919,000 34,291,000 -78,654,000   18,829,000 -77,607,000   1,000,000 -94,000,000   -79,000,000 -73,000,000   
      cash and cash equivalents, beginning of period
    		        0 0 142,090,000  0 0 183,702,000  0 0 161,240,000  0 0 336,739,000  0 0 266,417,000  0 0 215,721,000  0 0 189,072,000  0 0 182,889,000           
      cash and cash equivalents, end of period
    		        -40,123,000 20,620,000 122,376,000  7,340,000 -50,981,000 141,305,000  79,958,000 20,846,000 135,192,000  -41,383,000 29,092,000 228,646,000  6,610,000 26,217,000 312,045,000  46,276,000 78,785,000 119,627,000  39,919,000 34,291,000 110,418,000  15,702,000 18,829,000 105,282,000           
      employee benefits paid
    		         -17,412,000 -20,048,000   -9,638,000 -11,470,000 -8,244,000 -8,025,000 -8,415,000 -8,152,000  -8,105,000 -6,224,000 -9,738,000                           
      net increase in cash and cash equivalents
    		           44,426,000    -52,294,000     -41,383,000 29,092,000 -108,093,000  6,610,000 26,217,000 45,628,000 21,729,000        49,259,000    -12,858,000    135,000,000    -83,000,000 170,000,000 
      income taxes (paid) recovered
    		          -370,000        -1,000            -276,000                   
      cash and cash equivalents, beginning of year
    		                                                 
      cash and cash equivalents, end of year
    		                                                 
      transfer of investments from other investments to equity securities
    		                                                 
      service agreement fee received
    		            6,283,000 6,438,000 6,304,000  6,067,000 5,902,000 6,079,000  6,310,000 6,446,000 6,662,000  7,155,000 6,907,000 6,692,000 7,380,000 7,072,000 7,080,000 7,145,000 7,368,000 7,278,000 7,245,000 7,258,000 7,444,000 7,267,000 7,219,000 7,270,000 6,997,000 8,000,000 7,000,000 8,000,000 8,000,000 8,000,000 7,000,000 8,000,000 8,000,000 8,000,000 
      operating lease assets obtained in exchange for new operating lease liabilities
    		            1,689,000 479,000 1,008,000 1,068,000 1,402,000 909,000 68,000  667,000 2,107,000 1,333,000  542,000 621,000 32,515,000                       
      net payments on long-term borrowings
    		              -525,000 -517,000 -513,000 -509,000 -502,000  -491,000 -498,000 -481,000    -460,000                       
      transfer of investments from limited partnerships to equity securities
    		                0    8,853,000                             
      how we addressed the matter in our audit
    		                                                 
      operating revenue
    		                                                 
      management fee revenue - policy issuance and renewal services
    		                                                 
      management fee revenue - administrative services
    		                                                 
      administrative services reimbursement revenue
    		                                                 
      service agreement revenue
    		                                                 
      total operating revenue
    		                                                 
      operating expenses
    		                                                 
      cost of operations - policy issuance and renewal services
    		                                                 
      cost of operations - administrative services
    		                                                 
      total operating expenses
    		                                                 
      operating income
    		                                                 
      investment income
    		                                                 
      net investment income
    		                                                 
      net realized investment gains
    		                                                 
      net impairment losses recognized in earnings
    		                                                 
      total investment income
    		                                                 
      interest expense
    		                                                 
      other income
    		                                                 
      income before income taxes
    		                                                 
      income tax expense
    		                                                 
      net income
    		                                                 
      earnings per share
    		                                                 
      net income per share
    		                                                 
      class a common stock – basic
    		                                                 
      class a common stock – diluted
    		                                                 
      class b common stock – basic and diluted
    		                                                 
      weighted-average shares outstanding – basic
    		                                                 
      class a common stock
    		                                                 
      class b common stock
    		                                                 
      weighted-average shares outstanding – diluted
    		                                                 
      limited partnership distributions
    		                    219,000 278,000 254,000  304,000 67,000 1,225,000 1,165,000 2,971,000 2,611,000 426,000 2,135,000 1,654,000 696,000 643,000 10,615,000 1,804,000 4,291,000 1,127,000 -100,888,000 41,000,000 42,000,000 32,000,000 36,000,000 31,000,000 39,000,000 25,000,000 51,000,000 46,000,000 
      limited partnerships
    		                    -1,000 -6,000 -13,000  -11,000 0 -9,000 -26,000 -2,000 -184,000 -31,000 -80,000 -5,000 -214,000 -111,000 -129,000 -82,000 -264,000 -103,000 100,072,000 -38,000,000 -38,000,000 -25,000,000 -38,000,000 -36,000,000 -19,000,000 -27,000,000 -22,000,000 -14,000,000 
      equity in earnings (losses) of limited partnerships
    		                                                 
      class b common stock – basic
    		                                                 
      class b common stock – diluted
    		                                                 
      pension contributions and employee benefits paid
    		                        -9,841,000 -11,210,000 -10,875,000                       
      agent loan distributions
    		                                                 
      agent loan repayments
    		                                                 
      net (payments) proceeds from long-term borrowings
    		                        -471,000                         
      distributions on agent loans
    		                         -714,000 -6,233,000                       
      increase in reimbursements collected from affiliates
    		                                                 
      trading securities
    		                                   0 2,025,000             
      repayment of note receivable from erie family life insurance
    		                                                 
      net proceeds from long-term borrowings
    		                           0 -3,000   24,990,000 -14,000                 
      transfer of investments from limited partnerships to trading securities
    		                                                 
      decrease in reimbursements collected from affiliates
    		                                -1,702,000 5,433,000 -11,066,000  395,000 -11,503,000 -785,000           
      net purchase of fixed assets
    		                            -30,546,000 -9,430,000 -8,691,000 -10,891,000 -8,064,000 -6,421,000 -3,551,000 -14,793,000 -3,158,000 -3,761,000 -3,496,000           
      net distributions on agent loans
    		                            -15,937,000 -3,460,000 -17,874,000            -1,000,000       
      net costs from long-term borrowings
    		                              -9,000    -10,000               
      net (distributions) collections on agent loans
    		                               -25,000 -1,102,000 -1,696,000 -1,387,000               
      net collections on agent loans
    		                                   -36,000    -312,000 1,000,000   0 1,000,000 1,000,000 0  0 
      purchase of treasury stock
    		                                       0 0 0 0 0 0 -10,000,000 -10,000,000 -10,000,000 -5,000,000 
      net collections (distributions) on agent loans
    		                                     762,000 1,008,000           
      premiums collected
    		                                        1,540,000,000 1,517,000,000 1,389,000,000 1,360,000,000 1,427,000,000 1,390,000,000 1,289,000,000 1,246,000,000 1,330,000,000 
      commissions and bonuses paid to agents
    		                                        -197,000,000 -187,000,000 -249,000,000 -173,000,000 -179,000,000 -172,000,000 -225,000,000 -160,000,000 -165,000,000 
      losses paid
    		                                        -815,000,000 -820,000,000 -793,000,000 -779,000,000 -808,000,000 -845,000,000 -785,000,000 -703,000,000 -680,000,000 
      loss expenses paid
    		                                        -136,000,000 -132,000,000 -125,000,000 -138,000,000 -127,000,000 -121,000,000 -130,000,000 -127,000,000 -116,000,000 
      other underwriting and acquisition costs paid
    		                                        -126,000,000 -166,000,000 -226,000,000 -142,000,000 -147,000,000 -137,000,000 -235,000,000 -138,000,000 -120,000,000 
      fixed maturities
    		                                        -594,000,000 -725,000,000 -882,000,000 -473,000,000 -735,000,000 -589,000,000 -501,000,000 -722,000,000 -917,000,000 
      preferred stock
    		                                        -45,000,000 -71,000,000 -54,000,000 -63,000,000 -214,000,000 -92,000,000 -76,000,000 -42,000,000 -40,000,000 
      common stock
    		                                        -332,000,000 -267,000,000 -298,000,000 -496,000,000 -216,000,000 -290,000,000 -260,000,000 -318,000,000 -321,000,000 
      sales/maturities of investments:
    		                                                 
      fixed maturity sales
    		                                        234,000,000 354,000,000 271,000,000 155,000,000 119,000,000 212,000,000 159,000,000 133,000,000 386,000,000 
      fixed maturity calls/maturities
    		                                        273,000,000 260,000,000 209,000,000 169,000,000 272,000,000 169,000,000 244,000,000 254,000,000 264,000,000 
      sale of and returns on limited partnerships
    		                                        58,000,000 42,000,000 76,000,000 97,000,000 30,000,000 29,000,000 41,000,000 73,000,000 39,000,000 
      net purchase of property and equipment
    		                                        -19,000,000 -14,000,000 -12,000,000 -23,000,000 -12,000,000 -11,000,000 -6,000,000 -18,000,000 -5,000,000 
      net distributions on life policy loans
    		                                        0   0    -1,000,000  
      annuity deposits and interest
    		                                        18,000,000 20,000,000 20,000,000 19,000,000 21,000,000 23,000,000 22,000,000 21,000,000 21,000,000 
      annuity surrenders and withdrawals
    		                                        -22,000,000 -22,000,000 -20,000,000 -26,000,000 -23,000,000 -21,000,000 -18,000,000 -24,000,000 -19,000,000 
      universal life deposits and interest
    		                                        10,000,000 11,000,000 6,000,000 9,000,000 11,000,000 7,000,000 7,000,000 7,000,000 8,000,000 
      universal life surrenders
    		                                        -4,000,000 -3,000,000 -3,000,000 -4,000,000 -3,000,000 -3,000,000 -3,000,000 -2,000,000 -3,000,000 
      cash and cash equivalents at beginning of period
    		                                        0 0 514,000,000  0 0 452,000,000  0 
      cash and cash equivalents at end of period
    		                                        197,000,000 1,000,000 420,000,000  79,000,000 -79,000,000 379,000,000  170,000,000 
      
    		                                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.