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    <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">As filed with the Securities and Exchange Commission on April 15, 2022&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; Registration No. 333-</div>
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  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
  <div style="text-align: center; line-height: 15.95pt; margin-bottom: 2pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">FORM&#160;S-1</div>
  <div style="text-align: center; line-height: 15.95pt; margin-bottom: 2pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">REGISTRATION STATEMENT</div>
  <div style="text-align: center; line-height: 12.55pt; font-family: 'Times New Roman'; font-size: 11pt;">UNDER THE SECURITIES ACT OF 1933</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">Allianz Life Insurance Company of North America</div>
  <div style="text-align: center; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">(Exact name of Registrant as specified in its charter)</div>
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          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow'; font-weight: bold;">Minnesota</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">(State or other jurisdiction of</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">incorporation or organization)</div>
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          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow'; font-weight: bold;">6311</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">(Primary Standard Industrial</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">Classification Code Number)</div>
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          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow'; font-weight: bold;">41-1366075</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">(I.R.S. Employer</div>
          <div style="text-align: center; line-height: 9.1pt; font-family: 'Arial Narrow'; font-size: 8pt;">Identification No.)</div>
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  <div style="text-align: center; line-height: 12pt; margin-top: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">5701 Golden Hills Drive</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Minneapolis, MN 55416</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(800) 950-5872</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">(Address, including zip code, and telephone number, including area code, of Registrant&#8217;s principal executive offices)</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Erik T. Nelson, Esq.</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Allianz Life Insurance Company of North America</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">5701 Golden Hills Drive</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Minneapolis, MN 55416</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(763) 765-7453</div>
  <div style="text-align: center; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">Approximate date of commencement of proposed sale to the public:</font><br>
    As soon as practicable after this registration statement becomes effective.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
    the Securities Act of 1933, check the following box. [X]</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
    reporting company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act.</div>
  <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Large accelerated filer</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;




    </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">[&#160;&#160; ]<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Accelerated filer<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>[&#160;&#160; ]</font></div>
  <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-accelerated filer</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">[X]<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Smaller reporting company&#160;&#160; [&#160;&#160; ]</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(Do not check if a smaller reporting company)</div>
  <div style="line-height: 12pt; margin-bottom: 6pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
    the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become
    effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.</div>
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  <div style="text-align: center; line-height: 12pt; margin-top: 6pt; margin-bottom: 6pt; font-family: Arial; font-size: 10pt;">PART I &#8211; PROSPECTUS</div>
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        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:bold;line-height:13pt;text-align:center;text-decoration:none;text-transform:uppercase;">ALLIANZ Index Advantage NF<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> VARIABLE ANNUITY CONTRACT</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 4pt; text-align: center; text-decoration: none; text-transform: none;">An individual flexible purchase payment index-linked
          and variable deferred annuity contract <font style="font-weight:bold;">(the Contract)</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Issued by Allianz Life<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Account B <font style="font-weight:bold;">(the Separate Account)</font> and</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Life Insurance Company of North America <font style="font-weight:bold;">(Allianz Life, we, us, our)</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 4pt; text-align: center; text-decoration: none; text-transform: none;">Prospectus Dated: April 29, 2022</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc13cc74cfc5643c1882c62f2d47d6544" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:32.79%;">Standard Annuity Features
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.61%;">Available Investment Options
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.61%;">Optional Features
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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:11pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:32.79%;">&#8226;&#8194;Five fixed annuitization options<br>
                  <font style="font-weight:bold;">(Annuity Options)</font>&#8226;&#8194;Free withdrawal privilege allows you withdraw up to 10% of your total purchase payments during the six-year withdrawal charge period&#8226;&#8194;Systematic withdrawal program&#8226;&#8194;Minimum
                  distribution program for certain tax-qualified Contracts&#8226;&#8194;Waiver of withdrawal charge benefit<br>
                  (not available in all states)&#8226;&#8194;Guaranteed death benefit<br>
                  <font style="font-weight:bold;">(Traditional Death Benefit)</font>
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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:11pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:33.61%;">&#8226;&#8194;22 index-linked investment options <font style="font-weight:bold;">(Index Options)</font>
                  based on different combinations of four credit calculation methods <font style="font-weight:bold;">(Crediting Methods)</font>, four nationally recognized third-party broad based equity securities indexes and an exchange-traded fund <font style="font-weight:bold;">(Index or Indexes)</font>, and two time periods for measuring Index performance <font style="font-weight:bold;">(Term)</font>&#8226;&#8194;Three variable investment options<br>
                  <font style="font-weight:bold;">(Variable Options)</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:12pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:33.61%;">&#8226;&#8194;<font style="font-weight:bold;">Maximum Anniversary Value Death Benefit:<br>
                  </font>Locks in any annual investment gains to potentially provide a death benefit greater than the Traditional Death Benefit. This optional benefit has an additional rider fee.
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        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z22ab82f0277d4e4fb2960a4ef2a6e65d" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.18%;">

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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:50.31%;">Crediting Methods Currently Available<br>
                  <font style="font-size:8pt;font-weight:Normal;line-height:10pt;">Only the Index Performance Strategy offers 1-year and 3-year Terms.<br>
                    All other Crediting Methods only offer 1-year Terms.</font>
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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.39%;">Indexes Currently<br>
                  Available with<br>
                  1-year Terms
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                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:23.30%;">Indexes Currently<br>
                  Available with<br>
                  3-year Terms<br>
                  (Index Performance Strategy only)
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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:50.31%;">&#8226;&#8194;Index Protection Strategy<br>
                  &#8226;&#8194;Index Precision Strategy<br>
                  &#8226;&#8194;Index Guard Strategy<br>
                  &#8226;&#8194;Index Performance Strategy<br>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.39%;">&#8226;&#8194;S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<br>
                  &#8226;&#8194;Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<br>
                  &#8226;&#8194;Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<br>
                  &#8226;&#8194;EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup><br>
                  &#8226;&#8194;iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:23.30%;">&#8226;&#8194;S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<br>
                  &#8226;&#8194;Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Crediting Methods, Indexes, and the 3-year Terms may not be available in all states as detailed in Appendix G.
                </td>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: center; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z7e5e56ae945943c0bd9836527909d003" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

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                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Crediting Method Highlights<br>
                  <font style="font-size:8pt;font-weight:Normal;line-height:10pt;">All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index
                    performance. </font><font style="font-size:8pt;line-height:10pt;">Credits</font><font style="font-size:8pt;font-weight:Normal;line-height:10pt;"> are the return you receive on the Term End Date when you allocate assets to an Index
                    Option.</font>
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                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-bottom:1.75pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:bottom;width:16.56%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.54%;">Negative Index Performance Protection
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:49.90%;">Positive Index Performance Participation Limit
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.56%;">Index Protection<br>
                  Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:33.54%;">&#8226;&#8194;<font style="font-weight:bold;">100%<br>
                  </font>&#8211;&#8194; You will never receive a negative Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:11pt;padding-right:4pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:49.90%;">&#8226;&#8194;<font style="font-weight:bold;">Declared Protection Strategy Credits (DPSCs)<br>
                  </font>(the return you receive if Index performance is zero or positive)<br>
                  &#8211;&#8194; DPSCs cannot be less than 0.10%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.56%;">Index Precision<br>
                  Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:11pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:33.54%;">&#8226;&#8194;<font style="font-weight:bold;">Buffers </font>(the amount of negative Index performance we absorb over the
                  duration of a Term before you receive a negative Credit)<br>
                  &#8211;&#8194; Buffers are 10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:11pt;padding-right:4pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:49.90%;">&#8226;&#8194;<font style="font-weight:bold;">Precision Rates</font> (the return you receive if Index performance is zero or positive)<br>
                  &#8211;&#8194; Precision Rates cannot be less than 0.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.56%;">Index Guard<br>
                  Strategy
                </td>
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:11pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:33.54%;">&#8226;&#8194;<font style="font-weight:bold;">Floors </font>(the <font style="font-weight:bold;">maximum</font>
                  amount of negative Index performance you absorb)<br>
                  &#8211;&#8194; Floors are -10%
                </td>
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:11pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:49.90%;">&#8226;&#8194;<font style="font-weight:bold;">Caps<br>
                  </font>(the <font style="font-weight:bold;">upper limit</font> on positive Index performance)<br>
                  &#8211;&#8194; Caps cannot be less than 0.10%
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:58pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;1&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <!--PAGE BREAK-->
    <div style="width:100%;">
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        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z874122884d594a5d93fe6110dced2c0f" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Crediting Method Highlights<br>
                  <font style="font-size:8pt;font-weight:Normal;line-height:10pt;">All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index
                    performance. </font><font style="font-size:8pt;line-height:10pt;">Credits</font><font style="font-size:8pt;font-weight:Normal;line-height:10pt;"> are the return you receive on the Term End Date when you allocate assets to an Index
                    Option.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-bottom:1.75pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:bottom;width:16.56%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.54%;">Negative Index Performance Protection
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:49.90%;">Positive Index Performance Participation Limit
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.56%;">Index Performance Strategy
                </td>
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:33.54%;">&#8226;&#8194;<font style="font-weight:bold;">Buffers<br>
                  </font>&#8211;&#8194; Buffers for 1-year Terms are 10%<br>
                  &#8211;&#8194; Buffers for 3-year Terms are 10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">&#8226;&#8194;<font style="font-weight:bold;">1-year Term: Caps<br>
                  </font>&#8211;&#8194; Caps cannot be less than 0.10%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">&#8226;&#8194;<font style="font-weight:bold;">3-year Term: Caps<br>
                  </font>&#8211;&#8194; Caps cannot be less than 2%<br>
                  &#8211;&#8194; Can be uncapped
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Contract&#8217;s risks are described in Risk Factors on
          page 28 of this prospectus.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zd4b3e018048c48bea923d3d79f584691" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:86.00%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Variable Options Currently Available
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:4pt;padding-right:6pt;padding-top:2.12pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:31.99%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MVP Growth Index Strategy Fund
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2.12pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:35.05%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MVP Balanced Index Strategy Fund
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt;padding-top:2.12pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:32.96%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Government Money Market Fund
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">You can allocate the money you put into the
          Contract <font style="font-weight:bold;">(Purchase Payments)</font> to any or all of the available Index Options and Variable Options <font style="font-weight:bold;">(Allocation Options)</font>. You may also reallocate and transfer Contract
          Value among the Allocation Options subject to certain restrictions described in this prospectus. Your <font style="font-weight:bold;">Contract Value</font> is the current value of the Purchase Payments you invest that includes the returns of
          your selected Allocation Options. It reflects deductions we make for Contract fees and expenses.&#160;All withdrawals you take and financial adviser fees that you choose to have us pay from this Contract reduce your Contract Value dollar for dollar,
          including partial withdrawals that may be subject to a&#160;withdrawal charge.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you allocate Purchase Payments or transfer
          Contract Value to the Index Options, you receive Credits calculated by us based on the performance of one or more Indexes over a Term<font style="font-weight:bold;"> </font>as measured by the Index Return and the applicable Buffer, Floor, DPSC,
          Precision Rate, or Cap. The <font style="font-weight:bold;">Index Return</font> is the percentage change in Index value from the Term Start Date to the Term End Date. The <font style="font-weight:bold;">Term Start Date</font> is the date on
          which a Term begins and we set the DPSCs, Precision Rates, and Caps for an Index Option; this can occur on either the Index Effective Date or an Index Anniversary. The <font style="font-weight:bold;">Term End Date</font> is the date on which a
          Term ends and we apply Credits; this can only occur on an Index Anniversary. The <font style="font-weight:bold;">Index Effective Date</font> is the first day we allocate assets to an Index Option. An <font style="font-weight:bold;">Index
            Anniversary</font> is a twelve-month anniversary of the Index Effective Date. <font style="font-weight:bold;">Because we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the
            Index you selected for a given Crediting Method experienced gains through some, or most, of the Term.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Credits may be positive, negative, or equal to
          zero, depending on the applicable Crediting Method and the performance of the applicable Index. <font style="font-weight:bold;">The Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy allow negative Performance
            Credits.</font>&#160;A <font style="font-weight:bold;">Performance Credit </font>is the Credit you receive on a Term End Date&#160;for any Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy. <font style="font-weight:bold;">A negative Performance Credit means you can lose principal and previous earnings.</font> <font style="font-style:italic;font-weight:bold;">These losses could be significant. </font><font style="font-weight:bold;">The
            risk of loss can become greater in the case of an early withdrawal (a withdrawal taken within six years after we receive a Purchase Payment) due to withdrawal charges.</font> Withdrawals will be subject to federal and state taxation, and
          withdrawals taken before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font> may also be subject to a 10% additional federal tax. If this is a Non-Qualified
          Contract, a withdrawal will be taxable to the extent that gain exists within the Contract. A <font style="font-weight:bold;">Non-Qualified Contract</font> is a Contract that is not purchased under a pension or retirement plan that qualifies for
          special tax treatment under sections of the Internal Revenue Code <font style="font-weight:bold;">(the Code)</font>.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">DPSCs, Precision Rates, and Caps that we use to
          determine Credits for a Contract can change on each Term Start Date <font style="font-style:italic;font-weight:bold;">and may vary substantially based on market conditions. However, in extreme market environments, it is possible that all DPSCs,
            Precision Rates, and Caps will be reduced to their respective minimums of 0.10%, or 2% as stated in the table&#160;above.</font> 10% Buffers and -10% Floors that we use to determine Credits for a Contract do not change. The Crediting Methods are
          described in greater detail in the Summary of the Index Options, and in section 4, Valuing Your Contract &#8211; Calculating Credits. The Indexes are described in Appendix A. For historical information on the DPSCs, Precision Rates, and Caps, see
          Appendix C. For historical Index Option performance information, see Appendix D.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment is how we calculate Index
          Option Values (the portion of your Contract Value in the Index Options) on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy.<font style="font-style:italic;font-weight:bold;"> The Index Options with the Index Protection Strategy and the Variable</font></div>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;2&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">Options are not subject to the Daily Adjustment.<font style="font-style:Normal;font-weight:Normal;"> The Daily Adjustment approximates the Index Option Value that will be available on the Term End Date. If before the Term End Date you take a full or partial withdrawal (including financial adviser
            fees that you choose to have us pay from this Contract), annuitize the Contract, we pay a death benefit, or we deduct Contract fees and expenses, we calculate the Index Option Value by applying the Daily Adjustment. All withdrawals you take are
            subject to the Daily Adjustment, even withdrawals that are not subject to a withdrawal charge </font><font style="font-style:Normal;">(Penalty-Free Withdrawals)</font><font style="font-style:Normal;font-weight:Normal;">. Penalty-Free
            Withdrawals include withdrawals you take under the free withdrawal privilege or waiver of withdrawal charge benefit, and payments you take under our minimum distribution program. </font><font style="font-style:Normal;">In extreme circumstances
            the Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, but it cannot result in a total loss of -100%. Such losses will be greater if the amount withdrawn (including financial adviser fees that you
            choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you allocate Purchase Payments or transfer
          Contract Value to the Variable Options, the value of your investment <font style="font-weight:bold;">(Variable Account Value)</font> increases and decreases each Business Day based on your selected Variable Options&#8217; performance. A <font style="font-weight:bold;">Business Day</font> is each day the New York Stock Exchange is open for trading and it ends when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. The Separate Account
          holds the assets you allocate to the Variable Options.<font style="font-style:italic;font-weight:bold;"> The Variable Options do not provide any protection against loss of principal. You can lose principal and previous earnings that you allocate
            to the Variable Options.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Index-linked and variable annuity contracts are
          complex insurance and investment vehicles.<font style="font-weight:Normal;"> Before you invest, be sure to ask your </font>Financial Professional<font style="font-weight:Normal;"> (the person who advises you regarding the Contract) about the
            Contract&#8217;s features, benefits, risks, fees and expenses, whether the Contract is appropriate for you based upon your financial situation and objectives, and for a specific recommendation to purchase the Contract. The Contract may be available
            through third-party financial advisers who charge a financial adviser fee for their services. If you choose to pay financial adviser fees from this Contract, the deduction of this financial adviser fee is in addition to this Contract&#8217;s fees and
            expenses, and the deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be subject to withdrawal charges, will reduce the Contract Value&#160;and Guaranteed Death Benefit
            Value (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;</font><font style="font-size:6pt;font-weight:Normal;line-height:8pt;">2</font><font style="font-weight:Normal;">). </font><font style="font-style:italic;">Please consult with your Financial Professional before requesting us to pay financial adviser fees
            from this Contract compared to other assets you may have.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">All guarantees under the Contract, including Credits,
          are the obligations of Allianz Life and are subject to our claims-paying ability and financial strength.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Please read this prospectus before investing and
          keep it for future reference. The prospectus describes all material rights and obligations of purchasers under the Contract. It contains important information about the Contract and Allianz Life that you ought to know before investing including
          material state variations. Availability of Index Options may vary by financial intermediary. You can obtain information on which Index Options are available to you by calling (800) 624-0197, or from your Financial Professional. This prospectus is
          not offered in any state, country, or jurisdiction in which we are not authorized to sell the Contracts. You should rely only on the information contained in this prospectus. We have not authorized anyone to give you different information.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you are a new investor in the Contract, you may
          cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or
          your total Contract Value.&#160; You should review this prospectus, or consult with your Financial Professional, for additional information about the specific cancellation terms that apply.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Securities and Exchange Commission (SEC) has not
          approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. An investment in this Contract is not a deposit of a bank or financial institution and is
          not federally insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. An investment in this Contract involves investment risk including the possible loss of principal.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Additional information about certain investment
          products, including variable annuities, has been prepared by the Securities &amp; Exchange Commission&#8217;s (SEC) staff and is available at <font style="color:#0000FF;text-decoration:underline;">investor.gov</font>.</div>
      </div>
      <div type="Block" style="margin-top:38pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;3&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc"></a>
      <div type="Block" style="width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;text-align:left;text-decoration:none;text-transform:none;">TABLE OF CONTENTS<br>
        </div>
      </div>
      <div style="margin-top:3pt;">
        <div type="Block" style="float:left;overflow:hidden;position:relative;width:47.73%;">
          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z1f884812ee9a4e2b818038ffff1f7194" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100.00%;">

                <tr style="page-break-inside:avoid;">
                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:94.15%;">
                    <div style="float:left;"><a href="#xx_6593c5b3-2d1f-451f-b296-f0e905201c7e_1">Glossary</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">6
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_6a1440bb-2065-443c-a7ce-e308ff0e004f_1">Important Information You Should Consider About the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">11
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_243053bd-e03e-45dd-bdf8-28c9d80d53c5_1">Overview of the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">15
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_243053bd-e03e-45dd-bdf8-28c9d80d53c5_1">What Is the Purpose of the Contract?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">15
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_243053bd-e03e-45dd-bdf8-28c9d80d53c5_1">What Are the Phases of the Contract?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">15
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_243053bd-e03e-45dd-bdf8-28c9d80d53c5_2">What Are the Contract&#8217;s Primary Features?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">16
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_1">Summary of the Index Options</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">17
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_1">How Do the Crediting Methods Work?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">17
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_2">How Do the Crediting Methods Compare?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">18
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_3">Bar Chart Examples of the Crediting Methods Performance</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">19
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_6">Can the Crediting Methods, Terms, or Indexes Change?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">22
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_6">When Does Allianz Establish the Values Used to Determine Index Credits?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">22
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_7">What Are the Different Values Within the Contract?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">23
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_8">What Is the Daily Adjustment?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">24
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_ee949264-dbd2-4edd-9839-e468faa499b8_9">What Is the Performance Lock?</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">25
                  </td>
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                <tr style="page-break-inside:avoid;">
                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_1">Fee Tables</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_1">Transaction Expenses</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_2">Annual Contract Expenses</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_2">Annual Variable Option Expenses</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_2">Example</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_3">Risk Factors</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_3">Liquidity Risks</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_4">Risks of Investing in Securities</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_5">Risk of Negative Returns</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_6">Risks Associated with Calculation of Credits</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_6">Risks Associated with Performance Locks</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_7">Substitution of an Index</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_7">Changes to&#160;Declared Protection Strategy Credits (DPSCs), Precision Rates, and Caps</a></div>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_8">Investment in Derivative Hedging Instruments</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_9">Risks of Deducting Financial Adviser Fees from the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">34
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_9">Our Financial Strength and Claims-Paying Ability</a></div>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9377d789-821d-4be0-8548-edf45e3298ef_9">Regulatory Protections</a></div>
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">34
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_1">1.</a>
                  </td>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_1">The Contract</a></div>
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_1">Financial Adviser Fees</a></div>
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                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">When the Contract Ends</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:bottom;white-space:nowrap;width:5.85%;">37
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div type="Block" style="float:right;overflow:hidden;position:relative;width:47.73%;">
          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z6e16a0296aff4685ac4c00ee330537c7" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:3pt;width:100.00%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">2.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">Ownership, Annuitant, Determining Life, Beneficiary, and Payee</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">37
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">Owner</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">37
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">Joint Owner</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">37
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">Annuitant</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">37
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_5">Determining Life (Lives)</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">39
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_5">Beneficiary</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">39
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_5">Payee</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">39
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_6">Assignments, Changes of Ownership and Other Transfers of Contract Rights</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">40
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_6">3.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_6">Purchasing the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">40
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_6">Purchase Requirements</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">40
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_7">Applications Sent Electronically</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">41
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_7">Allocation of Purchase Payments and Contract Value Transfers</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">41
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_8">Automatic Investment Plan (AIP)</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">42
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_9">Free Look/Right To Examine Period</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">43
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_9">4.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_9">Valuing Your Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">43
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_10">Determining Variable Account Value</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">44
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_11">Determining Index Option Values</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_12">Calculating Credits</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">46
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_13">Daily Adjustment&#160;for the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy</a></div>
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">47
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_13">Performance Locks</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">47
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_14">Optional Reallocation Program for the 1-year Term Index Options</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">48
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_14">5.</a>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_14">Variable Options</a></div>
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_15">Substitution of Variable Options and Limitation on Further Investments</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">49
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_15">Transfers Between Variable Options</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_16">Electronic Transfer and Allocation Instructions</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">50
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_16">Excessive Trading and Market Timing</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">50
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_18">Voting Privileges</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">52
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_18">6.</a>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_18">Expenses</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">52
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_18">Base Contract Expenses (Mortality and Expense Risk (M&amp;E) Charge)</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">52
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_19">Optional Benefit Additional Rider Fee</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">53
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_20">Contract Maintenance Charge (Administrative Expenses)</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">54
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_20">Withdrawal Charge</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">54
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_22">Transfer Fee</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">56
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Daily Adjustment Maximum Potential Loss</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">57
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Premium Tax</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">57
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Income Tax</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">57
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                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Variable Option Expenses</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:bottom;white-space:nowrap;width:5.85%;">57
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      <div style="clear:both;">&#160;
        <div type="Block" style="clear:both;padding-top:65pt;width:100%;">
          <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        </div>
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      <div type="Block" style="padding-top:4pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; text-align: center; text-decoration: none; text-transform: none;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Allianz
              Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</a></div>
      </div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_00c8b506-ce42-4512-b3bb-d3bc1b84dcde_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-decoration:none;text-transform:none;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">&#160;4&#160;</a></div>
        <div style="text-align:left;"><font style="font-size:11pt;font-weight:Normal;line-height:14pt;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">TABLE OF CONTENTS </a></font></div>
      </div>
      <div style="margin-top:12pt;">
        <div type="Block" style="float:left;overflow:hidden;position:relative;width:47.73%;">
          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z29d7efd7ff384e0c9e19e0d996bd4708" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:3pt;width:100.00%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">7.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">Access to Your Money</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">57
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_24">Free Withdrawal Privilege</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">58
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_24">Systematic Withdrawal Program</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">58
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">Minimum Distribution Program and Required Minimum Distribution (RMD) Payments</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">59
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">Waiver of Withdrawal Charge Benefit</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">59
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">Suspension of Payments or Transfers</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">59
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">8.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">The Annuity Phase</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">59
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_26">Calculating Your Annuity Payments</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">60
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_26">Annuity Payment Options</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">60
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_27">When Annuity Payments Begin</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">61
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_1">9.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_1">Benefits Available Under the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">62
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_3">10.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_3">Death Benefit</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">64
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_5">Maximum Anniversary Value</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">66
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_6">Death of the Owner and/or Annuitant</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">67
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_6">Death Benefit Payment Options During the Accumulation Phase</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">67
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">Death Benefit Payment Options</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">68
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">11.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">Taxes</a></div>
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                  </td>
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                  </td>
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                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">Annuity Contracts in General</a></div>
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                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">Qualified Contracts</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">68
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_9">Summary of Individuals and Entities That Can Own a Qualified Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">70
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_9">Non-Qualified Contracts</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">70
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_9">Non-Qualified Contracts Owned by Non-Individuals</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">70
                  </td>
                </tr>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_9">Taxation of Withdrawals</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">70
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_10">10% Additional Federal Tax</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">71
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_11">Non-Qualified Annuity Medicare Tax</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">72
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_11">Payments for Financial Adviser Fees</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">72
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_11">RMDs From Qualified Contracts</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">72
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_11">Diversification</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">72
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_12">Owner Control</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">73
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_12">Taxation of Annuity Payments</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">73
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_12">Distributions Upon the Owner&#8217;s Death (or Annuitant&#8217;s Death If the Owner Is a Non-individual)</a></div>
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                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">73
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_14">Tax-Free Section 1035 Exchanges</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">75
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_14">Multiple Non-Qualified Contracts Purchased In the Same Year By the Same Owner</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">75
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_14">Assignments, Pledges and Gratuitous Transfers</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">75
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_14">Income Tax Withholding</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">75
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">Federal Estate Taxes</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">Generation-Skipping Transfer Tax</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">Foreign Tax Credits</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">Possible Tax Law Changes</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div type="Block" style="float:right;overflow:hidden;position:relative;width:47.73%;">
          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z328079ef2f3b470a933f0e293bc3fe13" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:3pt;width:100.00%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">12.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">Other Information</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">The Registered Separate Account</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">76
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_16">Our General Account</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">77
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_16">Our Unregistered Separate Account</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">77
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_16">Distribution</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">77
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_17">Additional Credits for Certain Groups</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">78
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_17">Administration/Allianz Service Center</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">78
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">Legal Proceedings</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">79
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">Status Pursuant to Securities Exchange Act of 1934</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">79
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">13.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">Information on Allianz Life</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">79
                  </td>
                </tr>
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">Directors, Executive Officers and Corporate Governance</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">79
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_23">Executive Compensation</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">84
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_33">Security Ownership of Certain Beneficial Owners and Management</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">94
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_33">Transactions with Related Persons, Promoters and Certain Control Persons</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">94
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_34">Business and Operational Risks Relevant to the Contract</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">95
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.97%;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_41">14.</a>
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_41">Financial Statements</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">102
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                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_1">Appendix A &#8211; Available Indexes</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">103
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                <tr style="page-break-inside:avoid;">
                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_1">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">103
                  </td>
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                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_1">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">103
                  </td>
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                <tr style="page-break-inside:avoid;">
                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_2">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">104
                  </td>
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_2">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup></a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">104
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:lowercase;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_3">i</a><font style="text-transform:uppercase;"><a href="#xx_9716cfc1-81c7-4cf6-833f-1152669da16c_3">Shares<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF</a></font></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">105
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                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_dab5d233-5f7c-4a57-9734-62c771a3f6f4_1">Appendix B &#8211; Daily Adjustment</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">106
                  </td>
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                  <td colspan="2" style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:94.15%;">
                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_1">Appendix C &#8211; Historical Initial and Renewal DPSCs, Precision Rates, and Caps</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">108
                  </td>
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_1">Index Protection Strategy</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">108
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_3">Index Precision Strategy</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">110
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_4">Index Guard Strategy</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">111
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_5">Index Performance Strategy 1-year Term</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">112
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                  <td style="line-height:0pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
                  </td>
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                    <div style="float:left;"><a href="#xx_a5e52434-04ed-41d5-9166-068e907c8ae5_5">Index Performance Strategy 3-year Term</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_1">Appendix D &#8211; Historical Index Option Performance Information</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_1">Index Protection Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:2pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:85.18%;">
                    <div style="float:left;"><a href="#xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_1">Index Precision Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                    <div style="float:left;"><a href="#xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_2">Index Guard Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_3">Index Performance Strategy 1-year Term with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_123a5204-70e5-4d6f-87c2-d9635b335909_1">Appendix E &#8211; Rider Fee Calculation Example</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_91d58794-ccfb-4f0e-9a28-7e8f08d39316_1">Appendix F &#8211; Alternate Minimum Value</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_1">Appendix G &#8211; Material Contract Variations by State and Issue Date</a></div>
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                    <div style="float:left;"><a href="#xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_1">Crediting Method and/or Index Option Availability Restrictions</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_1">Death Benefit Availability Restrictions</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
                  </td>
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                  </td>
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                    <div style="float:left;"><a href="#xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_2">Other Material State Contract Variations</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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        <div type="Block" style="clear:both;padding-top:11pt;width:100%;">
          <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; text-align: center; text-decoration: none; text-transform: none;"><a href="#xx_72335493-1c2a-4133-9718-cd4fb41ef98c_1">Allianz
              Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</a></div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_00c8b506-ce42-4512-b3bb-d3bc1b84dcde_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-decoration:none;text-transform:none;"><a href="#xx_72335493-1c2a-4133-9718-cd4fb41ef98c_1">&#160;5&#160;</a></div>
        <div style="text-align:left;"><font style="font-size:11pt;font-weight:Normal;line-height:14pt;"><a href="#xx_72335493-1c2a-4133-9718-cd4fb41ef98c_1">TABLE OF CONTENTS </a></font></div>
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      <div style="margin-top:12pt;">
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          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z68f0b61238514df6ab6dc977db2b5cb9" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:3pt;width:100.00%;">

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                    <div style="float:left;"><a href="#xx_72335493-1c2a-4133-9718-cd4fb41ef98c_1">Appendix H &#8211; Variable Options Available Under the Contract</a></div>
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                    <div style="float:left;"><a href="#xx_9c3f6e7f-4a09-4e63-a8ba-4e0b93b91c82_1">Appendix I &#8211; Selected Financial Data and Statutory Financial Statements</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                  <td style="line-height:10pt;padding-bottom:1.5pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:8.97%;">&#160;
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                    <div style="float:left;"><a href="#xx_9c3f6e7f-4a09-4e63-a8ba-4e0b93b91c82_1">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (For the 12 month period ended December 31, 2021)</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_9c3f6e7f-4a09-4e63-a8ba-4e0b93b91c82_1">Statutory Financial Statements</a></div>
                    <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:3pt;vertical-align:auto;">
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                    <div style="float:left;"><a href="#xx_e9850600-d28d-4ab9-9f08-e107f3b3fdc5_1">For Service or More Information</a></div>
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                    <div style="float:left;"><a href="#xx_e9850600-d28d-4ab9-9f08-e107f3b3fdc5_1">Our Service Center</a></div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;6&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Glossary</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">This prospectus is written in plain English.
          However, there are some technical words or terms that are capitalized and are used as defined terms throughout the prospectus. For your convenience, we included this glossary to define these terms.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Accumulated Alternate Interest<font style="font-weight:Normal;"> &#8211; the sum of alternate interest earned for the entire time you own your Contract. We use the Accumulated Alternate Interest to calculate the Alternate Minimum Value for certain Contracts as stated in Appendix F. The
            alternate interest for each Index Year is equal to either 70% or 87.5% of the Index Option Base multiplied by the alternate interest rate. The alternate interest rate is stated in your Contract and does not change for the entire time you own
            your Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Accumulation Phase<font style="font-weight:Normal;">
            &#8211; the first phase of your Contract before you request Annuity Payments. The Accumulation Phase begins on the Issue Date.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allocation Options<font style="font-weight:Normal;">
            &#8211; the Variable Options and Index Options available to you under the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Alternate Minimum Value<font style="font-weight:Normal;"> &#8211; for certain Contracts as stated in Appendix F, the guaranteed minimum Index Option Value we provide for each Crediting Method if you take a withdrawal, annuitize the Contract, transfer out of Index Options to the
            Variable Options, or if we pay a death benefit.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuitant<font style="font-weight:Normal;"> &#8211; the
            individual upon whose life we base the Annuity Payments. Subject to our approval, the Owner designates the Annuitant, and can add a joint Annuitant for the Annuity Phase. There are restrictions on who can become an Annuitant.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Date<font style="font-weight:Normal;"> &#8211; the
            date we begin making Annuity Payments to the Payee from the Contract. The earliest available Annuity Date is the second Contract Anniversary, and the latest possible Annuity Date is either age 90 or age 100 depending on the requirements of the
            Financial Professional you purchased your Contract through and your state of residence.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Options<font style="font-weight:Normal;"> &#8211;
            the annuity income options available to you under the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Payments<font style="font-weight:Normal;"> &#8211;
            payments made by us to the Payee pursuant to the chosen Annuity Option.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Phase<font style="font-weight:Normal;"> &#8211; the
            phase the Contract is in once Annuity Payments begin.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Beneficiary<font style="font-weight:Normal;"> &#8211; the
            person(s) or entity the Owner designates to receive any death benefit, unless otherwise required by the Contract or applicable law.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Buffer<font style="font-weight:Normal;"> &#8211; for each
            Index Option&#160;with the Index Precision Strategy and Index Performance Strategy, this is the negative Index Return that we absorb over the duration of a Term (which can be either one or three years) before applying a negative Performance Credit.
            We do </font><font style="text-decoration:underline;">not</font><font style="font-weight:Normal;"> apply the Buffer annually on a 3-year Term Index Option. The Buffers are 10%. Buffers do not change.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Business Day<font style="font-weight:Normal;"> &#8211; each
            day on which the New York Stock Exchange is open for trading. Allianz Life is open for business on each day that the New York Stock Exchange is open. Our Business Day ends when regular trading on the New York Stock Exchange closes, which is
            usually at 4:00 p.m. Eastern Time.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Cap<font style="font-weight:Normal;"> &#8211; for any Index
            Option with the Index Performance Strategy or Index Guard Strategy, this is the upper limit on positive Index performance over the duration of a Term (which can be either one, or three years) and the maximum potential Performance Credit for an
            Index Option. We do </font><font style="text-decoration:underline;">not</font><font style="font-weight:Normal;"> apply the Cap annually on a 3-year Term Index Option. On each Term Start Date, we set a Cap for each Index Option with the Index
            Performance Strategy and Index Guard Strategy. The Caps applicable to your Contract are shown on the Index Options Statement.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Charge Base<font style="font-weight:Normal;"> &#8211; the
            Contract Value on the preceding Quarterly Contract Anniversary (or the initial Purchase Payment received on the Issue Date if this is before the first Quarterly Contract Anniversary), increased by the dollar amount of subsequent Purchase
            Payments, and reduced proportionately for subsequent withdrawals you take or financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge) and deductions we make for Contract fees and expenses. All
            withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals. We use the Charge Base to determine the next rider fee we deduct if you select the Maximum Anniversary Value Death Benefit.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Contract<font style="font-weight:Normal;"> &#8211; the
            individual flexible purchase payment index-linked and variable deferred annuity contract described by this prospectus. The Contract may also be referred to as a registered index-linked annuity, or &#8220;RILA&#8221;.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Contract Anniversary<font style="font-weight:Normal;">
            &#8211; a twelve-month anniversary of the Issue Date or any subsequent Contract Anniversary.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;6&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Contract Value<font style="font-weight:Normal;"> &#8211;
            the current value of the Purchase Payments you invest. On any Business Day, your Contract Value is the sum of your Index Option Value(s) and Variable Account Value. Variable Account Value fluctuates each Business Day that money is held in a
            Variable Option. Index Option Value is increased or decreased on each Term End Date to reflect Credits, which can be negative&#160;with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. </font>A negative Credit
          means that you can lose principal and previous earnings.<font style="font-weight:Normal;"> The Index Option Values for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy also reflect the
            Daily Adjustment on every Business Day other than the Term Start Date or Term End Date. All withdrawals you take reduce Contract Value dollar for dollar, even Penalty-Free Withdrawals, and financial adviser fees that you choose to have us pay
            from this Contract. Contract Value is also reduced dollar for dollar for deductions we make for Contract fees and expenses. However, Contract Value does not reflect future fees and expenses we would apply on liquidation. The cash surrender
            value reflects&#160;all Contract fees and expenses we would apply on liquidation.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Contract Year<font style="font-weight:Normal;"> &#8211; any
            period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Credit<font style="font-weight:Normal;"> &#8211; the return
            you receive on the Term End Date when you allocate Purchase Payments or transfer Contract Value to an Index Option. Credits may be positive, zero, or, in some instances, negative if you select the Index Precision Strategy, Index Guard Strategy,
            or Index Performance Strategy. </font>A negative Credit means that you can lose principal and previous earnings.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Crediting Method<font style="font-weight:Normal;"> &#8211;
            a method we use to calculate Credits if you allocate Purchase Payments or transfer Contract Value to an Index Option.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Daily Adjustment<font style="font-weight:Normal;"> &#8211;
            how we calculate Index Option Values on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy as discussed in the Summary of the Index
            Options &#8211; What is the Daily Adjustment?; section 4, Valuing Your Contract &#8211; Daily Adjustment&#160;for the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy; and Appendix B. The Daily Adjustment approximates the Index
            Option Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Declared Protection Strategy Credit (DPSC)<font style="font-weight:Normal;"> &#8211; the positive Credit you receive on a Term End Date for any Index Option with the Index Protection Strategy if Index performance is zero or positive. You receive a Credit equal to the DPSC on the Term End Date if
            the current Index Value is equal to or greater than the Index Value on the Term Start Date. You will not receive a negative Credit if the Index Value decreases from the Term Start Date the Term End Date. We set the DPSCs on each Term Start
            Date. The DPSCs provide predefined upside potential. The DPSCs applicable to your Contract are shown on the Index Options Statement.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Determining Life (Lives)<font style="font-weight:Normal;"> &#8211; the person(s) designated at Contract issue and named in the Contract on whose life we base the guaranteed Traditional Death Benefit&#160;or Maximum Anniversary Value Death Benefit.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Financial Professional<font style="font-weight:Normal;"> &#8211; the person who advises you regarding the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Floor<font style="font-weight:Normal;"> &#8211; for any
            Index Option with the Index Guard Strategy, this is the maximum amount of negative Index Return you absorb as a negative Performance Credit. The Floors are -10% and do not change.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Good Order<font style="font-weight:Normal;"> &#8211; a
            request is in &#8220;Good Order&#8221; if it contains all of the information we require to process the request. If we require information to be provided in writing, &#8220;Good Order&#8221; also includes providing information on the correct form, with any required
            certifications, guarantees and/or signatures, and received at our Service Center after delivery to the correct mailing, email, or website address, which are all listed at the back of this prospectus. If you have questions about the information
            we require, or whether you can submit certain information by fax, email or over the web, please contact our Service Center. If you send information by email or upload it to our website, we send you a confirmation number that includes the date
            and time we received your information.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Guaranteed Death Benefit Value<font style="font-weight:Normal;"> &#8211; the guaranteed value that is available to your Beneficiary(s) on the first death of any Determining Life during the Accumulation Phase. The Guaranteed Death Benefit Value is either total Purchase Payments reduced
            proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit. All withdrawals you take reduce
            the Guaranteed Death Benefit Value, even Penalty-Free Withdrawals, and any financial adviser fees that you choose to have us pay from this Contract. However, we do not reduce the Guaranteed Death Benefit Value for deductions we make for
            Contract fees and expenses. These deductions will, however, reduce the Contract Value we use to calculate the Maximum Anniversary Value.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index (Indexes)<font style="font-weight:Normal;"> &#8211;
            one (or more) of the nationally recognized third-party broad based equity securities price return Indexes or exchange-traded fund available to you under your Contract as described in Appendix A.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Anniversary<font style="font-weight:Normal;"> &#8211;
            a twelve-month anniversary of the Index Effective Date or any subsequent Index Anniversary.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Effective Date<font style="font-weight:Normal;">
            &#8211; the first day we allocate assets to an Index Option. The Index Effective Date is stated on the Index Options Statement and starts the first Index Year. When you purchase this Contract you select the Index Effective Date as discussed in
            section 3, Purchasing the Contract &#8211; Allocation of Purchase Payments and Contract Value Transfers.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Guard Strategy<font style="font-weight:Normal;">
            &#8211; one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract &#8211; Calculating Credits. The Index Guard Strategy calculates Performance Credits based on Index Returns subject to a Cap and
            -10% Floor. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings. The Index Guard Strategy is more sensitive to smaller negative market movements that persist over
            time because the -10% Floor reduces the impact of large negative market movements. In an extended period of smaller negative market returns, the risk of loss is greater with the Index Guard Strategy than with the Index Performance Strategy and
            Index Precision Strategy.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Option<font style="font-weight:Normal;"> &#8211; the
            index-linked investments available to you under the Contract. Each Index Option is the combination of a Crediting Method, an Index, and a Term length.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Option Base<font style="font-weight:Normal;"> &#8211;
            an amount we use to calculate Credits and the Daily Adjustment. The Index Option Base is initially equal to the amounts you allocate to an Index Option. We reduce the Index Option Base proportionately for withdrawals you take&#160;and any financial
            adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses; we increase/decrease it by the dollar amount of additional Purchase Payments allocated to,
            transfers into or out of the Index Option; and any Credits.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Option Value<font style="font-weight:Normal;">
            &#8211; on any Business Day, it is equal to the portion of your Contract Value in a particular Index Option. We establish an Index Option Value for each Index Option you select. Each Index Option Value includes any Credits from previous Term End
            Dates and reflects proportional reductions for previous partial withdrawals you take&#160;and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and previous deductions we made for
            Contract fees and expenses. On each Business Day, other than the Term Start Date or Term End Date, the Index Option Values for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy also
            include an increase/decrease from the Daily Adjustment.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Options Statement<font style="font-weight:Normal;"> &#8211; the account statement we mail to you on the Index Effective Date and each Index Anniversary thereafter. On the Index Effective Date, the statement shows the initial Index Values, DPSCs, Precision Rates, and Caps
            for the Index Options you selected. On each Index Anniversary, the statement shows the new Index Values, Credits received, and renewal DPSCs, Precision Rates, and Caps that are effective for the next Term for the Index Options you selected that
            have reached their Term End Date. The Index Options Statement also shows any applicable&#160;Buffer or Floor for your selected Index Option(s). For any 3-year Term Index Option you selected that has not reached its Term End Date the statement shows
            the current Index Anniversary&#8217;s Index Option Value, which includes the Daily Adjustment.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Performance Strategy<font style="font-weight:Normal;"> &#8211; one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract &#8211; Calculating Credits. This Crediting Method offers 1-year and 3-year Terms. The Index
            Performance Strategy calculates Performance Credits based on Index Returns subject to a Cap and a 10% Buffer. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings.
            The Index Performance Strategy is more sensitive to large negative market movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the
            Index Performance Strategy than with the Index Guard Strategy.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Precision Strategy<font style="font-weight:Normal;"> &#8211; one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract &#8211; Calculating Credits. The Index Precision Strategy calculates Performance Credits based on Index
            Values and Index Returns subject to the Precision Rate and 10% Buffer. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings. The Index Precision Strategy may perform
            best in periods of small positive market movements because the Precision Rates will generally be greater than the DPSCs, but less than the Index Performance Strategy Caps. The Index Precision Strategy is more sensitive to large negative market
            movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Precision Strategy than with the Index Guard Strategy.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;8&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Protection Strategy<font style="font-weight:Normal;"> &#8211; one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract &#8211; Calculating Credits. The Index Protection Strategy provides Credits equal to the DPSCs on the
            Term End Date if the current Index Value is equal to or greater than the Index Value on the Term Start Date. The Index Protection Strategy provides the most protection because it does not allow negative Credits, and offers the least growth
            opportunity as DPSCs will generally be less than Precision Rates and Caps.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Return<font style="font-weight:Normal;"> &#8211; the
            percentage change in Index Value from the Term Start Date to the Term End Date, which we use to determine the Performance Credits for any Index Option with the Index Performance Strategy or Index Guard Strategy, and negative Performance Credits
            for any Index Option with the Index Precision Strategy. The Index Return is the Index Value on the Term End Date, minus the Index Value on the Term Start Date, divided by the Index Value on the Term Start Date.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Value<font style="font-weight:Normal;"> &#8211; an
            Index&#8217;s closing market price at the end of the Business Day on the Term Start Date and Term End Date as provided by Bloomberg or another market source if Bloomberg is not available.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Year<font style="font-weight:Normal;"> &#8211; a
            twelve-month period beginning on the Index Effective Date or a subsequent Index Anniversary.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Issue Date<font style="font-weight:Normal;"> &#8211; the
            date we issue the Contract. The Issue Date is stated in your Contract and starts your first Contract Year. Contract Anniversaries and Contract Years are measured from the Issue Date.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Joint Owners<font style="font-weight:Normal;"> &#8211; the
            two person(s) designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Lock Date<font style="font-weight:Normal;"> &#8211;for each
            Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy this is the Business Day we execute a Performance Lock and capture an Index Option Value (which </font><font style="text-decoration:underline;">includes</font><font style="font-weight:Normal;"> the Daily Adjustment) before the Term End Date.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Maximum Anniversary Value<font style="font-weight:Normal;"> &#8211; the highest Contract Value on any Index Anniversary before age 91, increased by the dollar amount of subsequent Purchase Payments, and reduced proportionately for subsequent withdrawals you take (including any
            withdrawal charge), used to determine the Maximum Anniversary Value Death Benefit as discussed in section 10. All withdrawals you take reduce your Maximum Anniversary Value, even Penalty-Free Withdrawals. Deductions we make for Contract fees
            and expenses do not reduce the Maximum Anniversary Value. These deductions will, however, reduce the Contract Value we use to calculate the Maximum Anniversary Value.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Maximum Anniversary Value Death Benefit<font style="font-weight:Normal;"> &#8211; an optional benefit described in section 10 that has an additional rider fee and is intended to potentially provide a death benefit greater than the Traditional Death Benefit. The Maximum Anniversary Value Death
            Benefit can only be added to a Contract at issue.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Non-Qualified Contract<font style="font-weight:Normal;"> &#8211; a Contract that is not purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Owner<font style="font-weight:Normal;"> &#8211; &#8220;you,&#8221;
            &#8220;your&#8221; and &#8220;yours.&#8221; The person(s) or entity designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Payee<font style="font-weight:Normal;"> &#8211; the person
            or entity who receives Annuity Payments during the Annuity Phase.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Penalty-Free Withdrawals<font style="font-weight:Normal;"> &#8211; withdrawals you take that are not subject to a withdrawal charge. Penalty-Free Withdrawals include withdrawals you take under the free withdrawal privilege or waiver of withdrawal charge benefit, and RMD payments
            you take under our minimum distribution program.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Performance Credit<font style="font-weight:Normal;">
            &#8211; the Credit you receive on a Term End Date when you allocate assets to an Index Option&#160;with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy. We base Performance Credits on Index Values and Index Returns as
            limited by the applicable Precision Rate or Cap if returns are flat or positive, or after application of the&#160;applicable Buffer or Floor if returns are negative. If Performance Credits are negative, </font>you can lose principal and previous
          earnings.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Performance Lock<font style="font-weight:Normal;"> &#8211;
            a feature that allows you to capture the current Index Option Value during the Term for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. A Performance Lock applies to the total Index
            Option Value in an Index Option, and not just a portion of that Index Option Value. After the Lock Date, Daily Adjustments do not apply to a locked Index Option for the remainder of the Term and the Index Option Value will not receive a
            Performance Credit on the Term End Date.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Precision Rate<font style="font-weight:Normal;"> &#8211;
            the positive Performance Credit you receive for any Index Option with the Index Precision Strategy if Index performance is zero or positive. You receive a Performance Credit equal to the Precision Rate on the Term End Date if the current Index
            Value is equal to or greater than the Index Value on the Term Start Date. We set a Precision Rate for each Index Precision Strategy Index Option on each Term Start Date. The Precision Rates applicable to your Contract are shown on the Index
            Options Statement.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Proxy Investment<font style="font-weight:Normal;"> &#8211;
            provides a current estimate of what the Performance Credit will be on the Term End Date taking into account any applicable Buffer, Floor, Precision Rate, and/or Cap. We use the Proxy Investment to calculate the Daily Adjustment on Business Days
            other than the Term Start Date or Term End Date. For more information, see Appendix B.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Proxy Value<font style="font-weight:Normal;"> &#8211; the
            hypothetical value of the Proxy Investment used to calculate the Daily Adjustment as discussed in Appendix B.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Purchase Payment<font style="font-weight:Normal;"> &#8211;
            the money you put into the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Qualified Contract<font style="font-weight:Normal;">
            &#8211; a Contract purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code (for example, 401(a) and 401(k) plans), Individual Retirement Annuities (IRAs), or Tax-Sheltered Annuities (referred
            to as TSA contracts). Currently, we issue Qualified Contracts that may include, but are not limited to Roth IRAs, traditional IRAs and Simplified Employee Pension (SEP) IRAs. We may also issue an Inherited IRA and Inherited Roth IRA to make any
            required minimum distribution payments to a beneficiary of a previously held tax-qualified arrangement.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Quarterly Contract Anniversary<font style="font-weight:Normal;"> &#8211; the day that occurs three calendar months after the Issue Date or any subsequent Quarterly Contract Anniversary.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Separate Account<font style="font-weight:Normal;"> &#8211;
            Allianz Life Variable Account B is the Separate Account that issues the variable investment portion of your Contract. It is a separate investment account of Allianz Life. The Separate Account holds the Variable Options that underlie the
            Contracts. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Variable Option. The Separate Account is registered with the SEC as a unit investment trust, and may be referred to as the Registered
            Separate Account.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Service Center<font style="font-weight:Normal;"> &#8211;
            the area of our company that issues Contracts and provides Contract maintenance and routine customer service. Our Service Center address and telephone number are listed at the back of this prospectus. The address for mailing applications and/or
            checks for Purchase Payments may be different and is also listed at the back of this prospectus.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Term <font style="font-weight:Normal;">&#8211; The period
            of time, from the Term Start Date to the Term End Date, in which we measure Index Return to determine Credits.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Term End Date &#8211; <font style="font-weight:Normal;">The
            day on which a Term ends and we apply Credits. A Term End Date may only occur on an Index Anniversary. If a Term End Date does not occur on a Business Day, we consider it to occur on the next Business Day.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Term Start Date &#8211; <font style="font-weight:Normal;">The
            day on which a Term begins and we set the DPSCs, Precision Rates, and Caps for an Index Option. A Term Start Date may only occur on the Index Effective Date or an Index Anniversary. If a Term Start Date does not occur on a Business Day, we
            consider it to occur on the next Business Day.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Traditional Death Benefit<font style="font-weight:Normal;"> &#8211; the guaranteed death benefit automatically provided by the Contract for no additional fee described in section 10.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Valid Claim<font style="font-weight:Normal;"> &#8211; the
            documents we require to be received in Good Order at our Service Center before we pay any death claim. This includes the death benefit payment option, due proof of death, and any required governmental forms. Due proof of death includes a
            certified copy of the death certificate, a decree of court of competent jurisdiction as to the finding of death, or any other proof satisfactory to us.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Variable Account Value<font style="font-weight:Normal;"> &#8211; on any Business Day it is equal to the portion of your Contract Value in your selected Variable Options. The Variable Account Value increases and decreases based on your selected Variable Options&#8217; performance and
            reflects deduction of the Variable Option operating expenses, and previous deductions we made for Contract fees and expenses.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Variable Options<font style="font-weight:Normal;"> &#8211;
            the variable investments available to you under the Contract. Variable Option performance is based on the securities in which they invest.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Withdrawal Charge Basis<font style="font-weight:Normal;"> &#8211; the total amount under your Contract that is subject to a withdrawal charge as discussed in section 6, Expenses &#8211; Withdrawal Charge.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;10&#160;</div>
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          Contract</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc247fee478e44c76adc98bdd93a3d89a" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.19%;">

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                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:5pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;width:70.0%;">FEES AND EXPENSES
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt;padding-right:4pt; padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Prospectus<br>
                  Location
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Charges<br>
                  for Early<br>
                  Withdrawals
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">If you withdraw money from the Contract within 6 years of your last Purchase Payment, you may be assessed a withdrawal charge of
                  up to 8.5% of the Purchase Payment withdrawn, declining to 0% over that time period. For example, if you invest $100,000 in the Contract and make an early withdrawal, you could pay a withdrawal charge of up to $8,500.<br>
                  &#8195;<br>
                  In addition, if you take a full or partial withdrawal (including financial adviser fees that you choose to have us pay from this Contract) from an Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Option
                  on a date other than the Term End Date, a Daily Adjustment will apply to the Index Option Value available for withdrawal. The Daily Adjustment also applies if before the Term End Date you execute a Performance Lock, annuitize the
                  Contract, we pay a death benefit, or we deduct Contract fees and expenses. The Daily Adjustment may be negative, and you will lose money if the Daily Adjustment is negative.<br>
                  &#8195;&#8226; <font style="font-weight:bold;">Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy</font>. Daily Adjustments under these Crediting Methods may be positive, negative, or equal to zero. A negative Daily
                  Adjustment will result in loss. In extreme circumstances, a negative Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, as applicable, but it cannot result in a total loss of -100%.<br>
                  &#8195;<br>
                  &#8226; <font style="font-weight:bold;">Index Protection Strategy</font>. This Crediting Method is not subject to the Daily Adjustment.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Fee Tables<br>
                  &#8195;<br>
                  4. Valuing Your<br>
                  Contract &#8211; Daily<br>
                  Adjustment<br>
                  &#8195;<br>
                  6. Expenses &#8211;<br>
                  Withdrawal<br>
                  Charge<br>
                  &#8195;<br>
                  Appendix B &#8211; Daily<br>
                  Adjustment
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Transaction<br>
                  Charges
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">In addition to withdrawal charges, and Daily Adjustments that may apply to withdrawals and other transactions from the Index
                  Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options, we will also charge you a fee of $25 per transfer after you exceed 12 transfers between Variable Options (the variable investments available to you)
                  in a Contract Year.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Fee Tables<br>
                  &#8195;<br>
                  6. Expenses &#8211;<br>
                  Transfer Fee
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td rowspan="4" style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Ongoing<br>
                  Fees and<br>
                  Expenses<br>
                  <font style="font-weight:Normal;">(annual charges)</font>
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">The table below describes the fees and expenses that you may pay <font style="font-style:italic;">each year</font>, depending on
                  the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay <font style="font-style:italic;">each year</font> based on the options you have elected. These ongoing fees
                  and expenses do not reflect any financial adviser fees paid to a Financial Professional from your Contract Value or other assets of the Owner. If such charges were reflected, these ongoing fees and expenses would be higher.<br>
                  &#8195;
                </td>
                <td rowspan="4" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Fee Tables<br>
                  &#8195;<br>
                  6. Expenses<br>
                  &#8195;<br>
                  Appendix H &#8211; Variable<br>
                  Options<br>
                  Under the<br>
                  Contract
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:35.31%;">Annual Fee
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:17.35%;">Minimum
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:17.35%;">Maximum
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:35.31%;">Base Contract<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">1.26%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">1.26%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:35.31%;">Investment Options<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  (Variable Option fees and expenses)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">0.65%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">0.71%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:35.31%;">Optional Benefits Available for an Additional Charge<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><br>
                  (for a single optional benefit, if elected)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">0.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:17.35%;">0.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;"><sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup><font style="font-size:8pt;line-height:9pt;"> As a percentage of each Variable Option&#8217;s
                    net asset value, plus an amount attributable to the contract maintenance charge.</font>
                </td>
                <td style="line-height:10pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:5pt;padding-top:0.75pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:0.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;"><sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><font style="font-size:8pt;line-height:9pt;"> As a percentage of the Variable Option&#8217;s
                    average daily net assets.</font>
                </td>
                <td style="line-height:10pt;padding-right:4pt;padding-top:0.75pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:5pt;padding-top:0.75pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt; padding-right:5pt;padding-top:0.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;"><sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><font style="font-size:8pt;line-height:9pt;"> As a percentage of the Charge Base. This is the current charge for the Maximum Anniversary Value Death Benefit.</font>
                </td>
                <td style="border-bottom:0.5pt Solid #000000;line-height:10pt;padding-bottom:4pt;padding-right:4pt;padding-top:0.75pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>

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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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    </div>
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    </p>
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      <a name="xx_6a1440bb-2065-443c-a7ce-e308ff0e004f_2">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z5be8ea05079e4f7fae13773036d17209" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.19%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:5pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;width:70.0%;">FEES AND EXPENSES
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt;padding-right:4pt; padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Prospectus<br>
                  Location
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of
                  owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, <font style="font-weight:bold;">which
                    if taken from the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options could result in substantial losses due to the application of negative Daily Adjustments</font>.
                </td>
                <td style="line-height:10pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:35.31%;">Lowest Annual Cost:<br>
                  $808
                </td>
                <td colspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:34.69%;">Highest Annual Cost:<br>
                  $1,129
                </td>
                <td style="line-height:0pt;padding-bottom:2.25pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:35.31%;">Assumes:<br>
                  &#8226; Investment of $100,000<br>
                  &#8226; Least expensive Variable Option fees and expenses<br>
                  &#8226; 5% annual appreciation<br>
                  &#8226; Traditional Death Benefit<br>
                  &#8226; No additional Purchase Payments, transfers, or withdrawals<br>
                  &#8226; No financial adviser fees
                </td>
                <td colspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:14pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:34.69%;">Assumes:<br>
                  &#8226; Investment of $100,000<br>
                  &#8226; Most expensive Variable Option fees and expenses<br>
                  &#8226; 5% annual appreciation<br>
                  &#8226; Maximum Anniversary Value Death Benefit with a 0.20% rider fee<br>
                  &#8226; No additional Purchase Payments, transfers, or withdrawals<br>
                  &#8226; No financial adviser fees
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;white-space:nowrap;width:70.0%;">RISKS
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Risk of<br>
                  Loss
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">You can lose money by investing in the Contract, including loss of principal and previous earnings.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Risk Factors
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:4pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Not a<br>
                  Short-Term<br>
                  Investment
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">&#8226; This Contract is not a short-term investment and is not appropriate if you need ready access to cash.&#8226;
                  Considering the benefits of tax deferral and long-term income, the Contract is generally more beneficial to investors with a long investment time horizon.&#8226; If within six years after we receive a Purchase Payment you take a full or partial
                  withdrawal (including financial adviser fees that you choose to have us pay from this Contract), withdrawal charges may apply. A withdrawal charge may reduce your Contract Value or the amount of money that you actually receive.
                  Withdrawals may reduce or end Contract guarantees.&#8226; Withdrawals may be subject to income taxes, including a 10% additional federal tax that may apply to withdrawals taken before age 59&#8202;<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.&#8226; Amounts invested in an Index Option must be held in the Index Option for the full Term before they can receive
                  a Credit. For Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options, we apply a Daily Adjustment if before the Term End Date you take a full or partial withdrawal (including financial adviser fees
                  that you choose to have us pay from this Contract), annuitize the Contract, execute a Performance Lock, we pay a death benefit, or we deduct Contract fees and expenses. The Daily Adjustment takes into account any Index gains subject to
                  the applicable Precision Rate or Cap, or either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, but in the form of the estimated present value. Therefore, the Daily Adjustment could result in a loss
                  beyond the protection of the Buffer or Floor. In extreme circumstances, a negative Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, as applicable, but it cannot result in a total loss of
                  -100%. Any losses as a result of a Daily Adjustment will be greater if the amount withdrawn is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses. The Daily Adjustment does not apply to the Index
                  Protection Strategy.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Risk Factors<br>
                  &#8195;<br>
                  Summary of the<br>
                  Index Options<br>
                  &#8195;<br>
                  4. Valuing Your<br>
                  Contract
                </td>
              </tr>

          </table>
        </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;12&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zb48e68be1619457e9ec303f7011c421b" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.19%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:5pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;white-space:nowrap;width:70.0%;">RISKS
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt;padding-right:4pt; padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Prospectus<br>
                  Location </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Risks<br>
                  Associated<br>
                  with<br>
                  Investment<br>
                  Options
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">&#8226; An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance
                  of the Variable Options and the Index Options available under the Contract.&#8226; Each Variable Option and Index Option has its own unique risks.&#8226; You should review each Variable Option&#8217;s prospectus and disclosures, including risk factors, for
                  each Index Option before making an investment decision.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Risk Factors
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Insurance<br>
                  Company<br>
                  Risks
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">An investment in the Contract is subject to the risks related to us. All obligations, guarantees or benefits of the Contract are
                  the obligations of Allianz Life and are subject to our claims-paying ability and financial strength. More information about Allianz Life, including our financial strength ratings, is available upon request by visiting <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/about/financial-ratings</font>, or contacting us at (800) 624-0197.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Risk Factors
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;white-space:nowrap;width:70.0%;">RESTRICTIONS
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.27%;">Investments
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">&#8226; Certain Index Options may not be available under your Contract.&#8226; The first 12 transfers between Variable Options every Contract
                  Year are free. After that, we deduct a $25 transfer fee for each additional transfer. Your transfers between the Variable Options are also subject to policies designed to deter excessively frequent transfers and market timing.&#8226; We only
                  allow assets to move into the Index Options on the Index Effective Date and on subsequent Index Anniversaries. We hold Purchase Payments in the AZL Government Money Market Fund until we transfer them to your selected Index Options
                  according to your Purchase Payment default instructions. On the Index Effective Date we rebalance or reallocate your total Contract Value among all of your selected Allocation Options according to your Purchase Payment default
                  instructions. For additional Purchase Payments we receive <font style="font-style:italic;font-weight:bold;">after</font> the Index Effective Date, we transfer the amounts held in the AZL Government Money Market Fund to your selected
                  Index Options on the next Index Anniversary. Therefore, additional Purchase Payments we receive after the Index Effective Date that you allocate to a 1-year Term Index Option are not eligible to receive a Credit until the second Index
                  Anniversary after we receive them, or the fourth Index Anniversary after we receive them for allocations to a 3-year Term Index Option.&#8226; For a 1-year Term Index Option, you can transfer Index Option Value only on the Term End Date.&#8226; For a
                  3-year Term Index Option, you can transfer Index Option Value only (a) on the Term End Date, or (b) before the Term End Date by executing a Performance Lock on or before the second Index Anniversary of a 3-year Term.&#8226; We do not allow
                  assets to move into an established Index Option until the Term End Date. If you request to transfer into an established Index Option on an Index Anniversary that is not a Term End Date, we will transfer those assets into the same Index
                  Option with a new Term Start Date.&#8226; The Traditional Death Benefit may not be modified, but it will terminate if you take withdrawals that reduce both the Contract Value and Guaranteed Death Benefit Value to zero. Withdrawals may reduce
                  the Traditional Death Benefit&#8217;s Guaranteed Death Benefit Value by more than the value withdrawn and could end the Traditional Death Benefit.&#8226; We reserve the right to close or substitute the Variable Options, and to limit the amount of
                  Purchase Payments that can be held in a Variable Option. We also reserve the right to substitute Indexes.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Summary of the Index Options<br>
                  &#8195;<br>
                  5. Variable Options<br>
                  &#8195;<br>
                  6. Expenses &#8211; Transfer Fee<br>
                  &#8195;<br>
                  Appendix A &#8211; Available Indexes
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:4pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Optional<br>
                  Benefits
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">&#8226; The optional Maximum Anniversary Value Death Benefit may not be modified. Withdrawals may reduce the Maximum
                  Anniversary Value Death Benefit&#8217;s Guaranteed Death Benefit Value by more than the value withdrawn and will end the Maximum Anniversary Value Death Benefit if the withdrawals reduce both the Contract Value and Guaranteed Death Benefit
                  Value to zero.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">10. Death Benefit
                </td>
              </tr>

          </table>
        </div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;13&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_6a1440bb-2065-443c-a7ce-e308ff0e004f_4">
      </a>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
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      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z6f7ab19bed904d59b0435a3c1185a4c6" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.19%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:5pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;white-space:nowrap;width:70.0%;">TAXES
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt;padding-right:4pt; padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">Prospectus<br>
                  Location </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Tax<br>
                  Implications
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">&#8226; Consult with a tax professional to determine the tax implications of an investment in and withdrawals from or payments received
                  under the Contract.&#8226; If you purchased the Contract through a tax-qualified plan or individual retirement account (IRA), you do not get any additional tax benefit under the Contract.&#8226; Earnings under the Contract may be taxed at ordinary
                  income rates when withdrawn, and you may have to pay a 10% additional federal tax if you take a full or partial withdrawal before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">11. Taxes
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:13.27%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.25pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:uppercase;vertical-align:bottom;width:70.0%;">CONFLICTS OF INTEREST
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.25pt;padding-right:4pt;padding-top:2.25pt;text-align:left;vertical-align:top;width:16.73%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:4pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:13.27%;">Investment<br>
                  Professional<br>
                  Compensation
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">Your Financial Professional may receive compensation for selling this Contract to you, in the form of commissions, additional
                  cash benefits (e.g., cash bonuses), and non-cash compensation. We and/or our wholly owned subsidiary distributor may also make marketing support payments to certain selling firms for marketing services and costs associated with Contract
                  sales. This conflict of interest may influence your Financial Professional to recommend this Contract over another investment for which the Financial Professional is not compensated or compensated less.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:4pt;padding-top:2.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">12. Other<br>
                  Information &#8211;<br>
                  Distribution
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:4pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.27%;">Exchanges
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt; padding-right:5pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.0%;">Some Financial Professionals may have a financial incentive to offer you a new contract in place of the one you
                  already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, that it is better for you to purchase the new contract rather than continue to own your existing
                  contract.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.73%;">12. Other<br>
                  Information &#8211;<br>
                  Distribution
                </td>
              </tr>

          </table>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;14&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_243053bd-e03e-45dd-bdf8-28c9d80d53c5_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Overview of the Contract</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">What Is the Purpose of the Contract?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> is a product that offers index-linked investment options <font style="font-weight:bold;">(Index Options)</font>&#160;and variable investment options <font style="font-weight:bold;">(Variable Options)</font> and allows you to defer taking regular fixed periodic payments <font style="font-weight:bold;">(Annuity Payments)</font> to a future date. Under the Contract, you make one or more payments to
          us <font style="font-weight:bold;">(Purchase Payments)</font>. Purchase Payments you allocate to the Index Options are first invested for a limited time in the AZL Government Money Market Fund and then transferred to the Index Option(s) that you
          select for investment. Depending on several factors (e.g., Allocation Options you select, market conditions, and timing of any withdrawals), your Contract can gain or lose value. When you are ready to receive a guaranteed stream of income under
          your Contract, you can annuitize your accumulated assets and begin receiving Annuity Payments from us based on the payout option you select <font style="font-weight:bold;">(Annuity Options)</font>. The Contract includes for no additional charge
          a standard death benefit (the Traditional Death Benefit), or for an additional rider fee you may select the optional death benefit (the Maximum Anniversary Value Death Benefit) to replace the standard death benefit. Both death benefits help to
          financially protect your beneficiaries.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We designed the Contract for people who are looking
          for a death benefit for a period of time, and a level of protection for your principal investment while providing potentially higher returns than are available on traditional fixed annuities. In addition, you should have a long investment time
          horizon and your financial goals should be otherwise consistent with the terms and conditions of the Contract. This Contract is not intended for someone who is seeking complete protection from downside risk, seeking unlimited investment
          potential, or expecting to take withdrawals that will be subject to withdrawal charges or Daily Adjustments (i.e., a person that does not need access to Contract Value within six&#160;years after we receive a Purchase Payment, or before an Index
          Option's Term End Date).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We offer other annuity contracts that may address
          your investment and retirement needs. These contracts include variable annuities, registered index-linked annuities and fixed index annuities. These annuity products offer different features and benefits that may be more appropriate for your
          needs, including allocation options, fees and/or expenses that are different from those in the Contract offered by this prospectus. Not every contract is offered through every Financial Professional. Some Financial Professionals or selling firms
          may not offer and/or limit offering of certain features and benefits, as well as limit the availability of the contracts based on criteria established by the Financial Professional or selling firm. For more information about other annuity
          contracts, please contact your Financial Professional.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The product or certain product features may not
          currently be available in all states or to all Contracts, or may vary in your state (such as the free look). For more information see Appendix G - Material Contract Variations by State and Issue Date. Availability of Index Options may vary by
          financial intermediary. You can obtain information on which Index Options are available to you by calling (800) 624-0197, or from your Financial Professional.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">What Are the Phases of the Contract?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract has two phases: (1) an Accumulation
          Phase, and (2) an Annuity Phase.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zdba69e621a784410bf04085f4dbb110f" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Accumulation Phase.<font style="font-style:Normal;font-weight:Normal;"> This is the first phase of your Contract, and it begins on the Issue Date. During the Accumulation Phase, your money is invested under the Contract on
                    a tax-deferred basis. Tax deferral may not be available for certain non-individually owned contracts. Tax deferral means you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your
                    Contract. In addition, during this phase, you can make additional Purchase Payments, you can take withdrawals, and if you die we pay a death benefit to your named Beneficiary(s).</font>
                </td>
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                <td style="line-height:0pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.83%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Your Contract Value may fluctuate up or down during the Accumulation Phase based on the performance of your selected Allocation Options.
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z7c2acbd84fb14188937a666cda84f8c8" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:3pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">Index Options.<font style="font-weight:Normal;"> You may allocate your Purchase Payments to any or all of the Index Options available under your Contract. There are currently 22 Index Options based on different combinations
                    of four credit calculation methods </font>(Crediting Methods)<font style="font-weight:Normal;">, four nationally recognized third-party broad based equity securities indexes and an exchange-traded fund </font>(Indexes)<font style="font-weight:Normal;">, and two time periods for measuring Index performance </font>(Term)<font style="font-weight:Normal;">. Each Index Option is the combination of an Index, a Crediting Method, and a Term.</font>
                </td>
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                <td style="line-height:0pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.92%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">The available Crediting Methods, Indexes, and Terms are included on the cover page of this prospectus. Please see &#8220;Summary of the Index Options&#8221; for an overview of how the Index Options work. More
                  detailed information about the Index Options is included in section<font style="font-style:Normal;font-weight:Normal;"> </font>4, Valuing Your Contract.
                </td>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;15&#160;</div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zc127490c380f4062b2d2f92a12df92c7" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:0pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">Variable Options.<font style="font-weight:Normal;"> You can allocate your Purchase Payments to any or all of the Variable Options available under your Contract. We only allow assets to move into the Index Options on the
                    Index Effective Date and on subsequent Index Anniversaries. As a result, we hold Purchase Payments you allocate to the Index Options in the AZL Government Money Market Fund until we transfer them to the Index Options in accordance with
                    your instructions. The Variable Options are underlying mutual funds with their own investment objectives, strategies, and risks.</font>
                </td>
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                <td style="line-height:0pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.92%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">Please see Appendix H for more information about the Variable Options.
                </td>
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          <table cellspacing="0" cellpadding="2" id="z2964c6f025244c7989d929e87ba4fbae" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Annuity Phase.<font style="font-style:Normal;font-weight:Normal;"> If you request Annuity Payments, the Accumulation Phase ends and the </font><font style="font-style:Normal;">Annuity Phase</font><font style="font-style:Normal;font-weight:Normal;"> begins. Annuity Payments are fixed payments we make based on the Annuity Option you select and your Contract Value (which reflects any previously deducted Contract fees and expenses)&#160;less
                    final rider fee (if applicable). Annuity Payments can provide a guaranteed lifetime fixed income stream with certain tax advantages. We designed the Annuity Payments for Owners who no longer need immediate access to Contract Value to
                    meet their short-term income needs.</font>
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                <td style="line-height:0pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.83%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">During the Annuity Phase, you will receive a stream of regular income in the form of Annuity Payments. You will be unable to take withdrawals upon demand, your selected death benefit ends, and no amounts
                  will be payable upon death during the Annuity Phase unless your Annuity Option provides otherwise.
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        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">What Are the Contract&#8217;s Primary Features?</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z125923eacca547458e5f5ad8e3689f11" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Accessing Your Money.<font style="font-style:Normal;font-weight:Normal;"> During the Accumulation Phase, you can surrender (take a full withdrawal) the Contract or take partial withdrawals. Withdrawals may be subject to&#160;a
                    withdrawal charge, negative Daily Adjustments, and income taxes, including a 10% additional federal tax if taken before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;</font><font style="font-size:6pt;font-style:Normal;font-weight:Normal;line-height:8pt;">2</font><font style="font-style:Normal;font-weight:Normal;">.</font>
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Additional Purchase Payments.<font style="font-style:Normal;font-weight:Normal;"> Subject to the limitations described in this prospectus, we continue to accept additional Purchase Payments under the Contracts during the
                    Accumulation Phase. However, we may terminate your ability to make additional Purchase Payments in the future. We only allow additional Purchase Payments to move into Index Options on Index Anniversaries. As a result, we hold Purchase
                    Payments we receive on days other than an Index Anniversary in the AZL Government Money Market Fund and such Purchase Payments are not available to receive Credits until we transfer them to your selected Index Options. We do not allow
                    assets to move into an established Index Option until the Term End Date. If you request to allocate a Purchase Payment into an established Index Option on an Index Anniversary that is not a Term End Date, we will allocate those assets
                    to the same Index Option with a new Term Start Date.</font>
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Death Benefits.<font style="font-style:Normal;font-weight:Normal;"> The Contract&#8217;s death benefit is paid upon the first death of any Determining Life during the Accumulation Phase. The Contract includes for no additional
                    charge a standard death benefit </font><font style="font-style:Normal;">(the Traditional Death Benefit)</font><font style="font-style:Normal;font-weight:Normal;">. At the time of purchase, you may select the optional death benefit </font><font style="font-style:Normal;">(the Maximum Anniversary Value Death Benefit)</font><font style="font-style:Normal;font-weight:Normal;"> to replace the standard death benefit for an additional rider fee. Either death benefit is the greater
                    of Contract Value, or the Guaranteed Death Benefit Value. Unlike the Traditional Death Benefit, however, the Maximum Anniversary Value Death Benefit locks in any annual investment gains as part of the Guaranteed Death Benefit Value to
                    potentially provide a death benefit greater than the Traditional Death Benefit (which is based on Purchase Payments). The Maximum Anniversary Value Death Benefit cannot be less than the Traditional Death Benefit, but they can be equal.</font>
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Withdrawal Charge Waivers.<font style="font-style:Normal;font-weight:Normal;"> Under the free withdrawal privilege, you may withdraw up to 10% of your total Purchase Payments each Contract Year during the Accumulation Phase
                    without incurring a withdrawal charge. Upon a full withdrawal, the free withdrawal privilege is not available to you. We do not apply a withdrawal charge to deductions we make for Contract fees or expenses. In most states, the waiver of
                    withdrawal charge benefit allows you to take a withdrawal without incurring a withdrawal charge if you are confined to a nursing home for a period of at least 90 consecutive days. Also, if you own an Individual Retirement Annuity (IRA)
                    or Simplified Employee Pension (SEP) IRA Contract, payments you take under our minimum distribution program (RMD payments) are not subject to a withdrawal charge.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Deduction of Financial Adviser Fees.<font style="font-style:Normal;font-weight:Normal;"> If you have a financial adviser and want to pay their financial adviser fees from this Contract, you can instruct
                    us to withdraw the fee from your Contract and pay it to your Financial Professional or Financial Professional&#8217;s firm as instructed. The deduction of financial adviser fees is in addition to this Contract&#8217;s fees and expenses, and the
                    deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be subject to withdrawal charges, will reduce the Contract Value and Guaranteed Death Benefit Value
                    (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;</font><font style="font-size:6pt;font-style:Normal;font-weight:Normal;line-height:8pt;">2</font><font style="font-style:Normal;font-weight:Normal;">). </font>Please consult with your Financial Professional before requesting us to pay financial
                  adviser fees from this Contract compared to other assets you may have.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:27pt;width:100%;">
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;16&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Summary of the Index Options</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">How Do the Crediting Methods Work?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">All Crediting Methods provide a Credit on the Term
          End Date based on Index Values and Index Returns. The <font style="font-weight:bold;">Index Value</font> is the Index&#8217;s price at the end of the Business Day on the Term Start Date and Term End Date, which we use to calculate the Index Return. A
          <font style="font-weight:bold;">Business Day</font> is each day the New York Stock Exchange is open for trading and it ends when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. All of the
          Crediting Methods offer 1-year Term Index Options, but only the Index Performance Strategy also offers 3-year Term Index Options.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The <font style="font-weight:bold;">Index
            Protection Strategy</font> provides a Credit equal to the DPSC if the Index Value on the Term End Date is equal to or greater than the Index Value on the Term Start Date, regardless of the amount of actual Index Return. If the current Index
          Value is less than it was on the Term Start Date, the Credit is zero.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The <font style="font-weight:bold;">Index
            Precision Strategy</font> provides a Performance Credit.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zc0d16b181a0046bfaeff7e5c9dc279e0" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If the Index Value on the Term End Date is equal to or greater than the Index Value on the Term Start Date, regardless of the amount of actual Index Return, the Performance Credit is equal to the Precision Rate.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">If the Index Return is negative and the loss is:
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="za163e9a7304340c7b0075a37745b82ca" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:3pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">less than or equal to the 10% Buffer, the Performance Credit is zero. We absorb any loss up to the 10% Buffer.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">greater than the 10% Buffer, the negative Performance Credit is equal to the negative Index Return in excess of the 10% Buffer. You participate in any losses beyond the 10% Buffer.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The <font style="font-weight:bold;">Index Guard
            Strategy</font> also provides a Performance Credit.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zb5bbc86ac3834c139dd4e53e64199325" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If the Index Return is positive, the Performance Credit is equal to the Index Return up to the Cap.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If the Index Value on the Term End Date is equal to the Index Value on the Term Start Date, the Performance Credit is zero.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">If the Index Return is negative, the negative Performance Credit is equal to the negative Index Return down to the -10% Floor. You participate in any losses down to the -10% Floor. We absorb any negative
                  Index Return beyond the -10% Floor.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The <font style="font-weight:bold;">Index
            Performance Strategy</font> also provides a Performance Credit.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z173ddf2f688d44a0a8a71a839bc89f53" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If the Index Return is positive, the Performance Credit is equal to:
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zab21f9de77554d76a16c4a15791d5472" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">the Index Return up to the Cap for a 1-year Term.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">the Index Return up to the Cap for a 3-year Term. If a 3-year Term is uncapped, the Performance Credit is equal the Index Return. We apply the Cap for the entire Term length; we do not apply the Cap
                  annually on a 3-year Term.
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z50f429c598d947bb9afb63210397d9f3" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If the Index Value on the Term End Date is equal to the Index Value on the Term Start Date, the Performance Credit is zero.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">If the Index Return is negative and the loss is:
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zcdc6f31961a2455791158ebbdfe7cc47" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">less than or equal to the 10% Buffer, the Performance Credit is zero. We absorb any loss up to the 10% Buffer. We apply the Buffer for the entire Term length; we do <font style="font-weight:bold;text-decoration:underline;">not</font>
                  apply the Buffer annually on a 3-year Term Index Option.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">greater than the 10% Buffer, the negative Performance Credit is equal to the negative Index Return in excess of the 10% Buffer. You participate in any losses beyond the 10% Buffer.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">A more detailed description of how we calculate
          Credits, including numerical examples, is included in section 4, Valuing Your Contract &#8211; Calculating Credits.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zd7900a9ed0d94c6c9abeceaa5ec89035" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">The
                    Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy allow negative Performance Credits. </font><font style="font-style:italic;font-weight:bold;">A negative Performance Credit means you can lose principal and
                    previous earnings. These losses could be significant.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">Because
                    we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the Index you selected for a given Crediting Method experienced gains through some, or most, of the Term.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; <font style="font-weight:bold;">If a 3-year Term Index Option is &#8220;uncapped&#8221; for one Term (i.e., we do not declare a Cap for that Term) it does not mean that we will not declare a Cap for it on future Term Start Dates.</font> On the
                  next Term Start Date we can declare a Cap for the next Term, or declare it to be uncapped.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:8pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;17&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">How Do the Crediting Methods Compare?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Crediting Methods have different risk and
          return potentials.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc17c9543225243af80bdc767584f22ce" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">What is the asset protection?
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Protection Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Most protection.<br>
                  &#8226;&#8194;If the Index loses value, the Credit is zero. You do not receive a negative Credit.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Precision Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Less protection than the Index Protection Strategy and Index Guard Strategy. Protection is the same as what is available with
                  the Index Performance Strategy.<br>
                  &#8226;&#8194;Buffer absorbs 10% of loss, but you receive a negative Performance Credit for losses greater than 10%.<br>
                  &#8226;&#8194;Potential for large losses in any Term.<br>
                  &#8226;&#8194;More sensitive to large negative market movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Precision Strategy
                  than with the Index Guard Strategy.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Guard Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Less protection than the Index Protection Strategy, but more than Index Precision Strategy and Index Performance Strategy.<br>
                  &#8226;&#8194;Permits a negative Performance Credit down to the -10% Floor.<br>
                  &#8226;&#8194;Protection from significant losses.<br>
                  &#8226;&#8194;More sensitive to smaller negative market movements that persist over time because the -10% Floor reduces the impact of large negative market movements.<br>
                  &#8226;&#8194;In an extended period of smaller negative market returns, the risk of loss is greater with the Index Guard Strategy than with the Index Performance Strategy and Index Precision Strategy.<br>
                  &#8226;&#8194;Provides certainty regarding the maximum loss in any Term.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Performance Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:13pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Less protection than the Index Protection Strategy and Index Guard Strategy. Protection is the same as what
                  is available with the Index Precision Strategy.<br>
                  &#8226;&#8194;Buffer absorbs 10% of loss, but you receive a negative Performance Credit for losses greater than the Buffer.<br>
                  &#8226;&#8194;Potential for large losses in any Term.<br>
                  &#8226;&#8194;More sensitive to large negative market movements because small negative market movements are absorbed by the Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Performance Strategy
                  than with the Index Guard Strategy.<br>
                  &#8226;&#8194;In extended periods of moderate to large negative market performance, 3-year Terms may provide less protection than the 1-year Terms because, in part, the Buffer is applied over a longer period of time.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; padding-left: 1.42%; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zcc6e75c8d7364e5e94b175961a7ab245" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">What is the growth opportunity?
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Protection Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Growth opportunity limited by the DPSCs.<br>
                  &#8226;&#8194;Least growth opportunity.<br>
                  &#8226;&#8194;May perform best in periods of small positive market movements.<br>
                  &#8226;&#8194;DPSCs will generally be less than the Precision Rates and Caps.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Precision Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Growth opportunity limited by the Precision Rates.<br>
                  &#8226;&#8194;May perform best in periods of small positive market movements.<br>
                  &#8226;&#8194;Generally more growth opportunity than the Index Protection Strategy, but less than the Index Performance Strategy.<br>
                  &#8226;&#8194;Growth opportunity may be more or less than the Index Guard Strategy depending on Precision Rates and Caps.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Guard Strategy
                </td>
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Growth opportunity limited by the Caps.<br>
                  &#8226;&#8194;May perform best in a strong market.<br>
                  &#8226;&#8194;Growth opportunity that generally may be matched or exceeded only by the Index Performance Strategy. However, growth opportunity may be more or less than the Index Precision Strategy or Index Performance Strategy depending on Precision
                  Rates and Caps.
                </td>
              </tr>

          </table>
        </div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;18&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_3">
      </a>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z3632f692d43d4ca6a1824e64a0b198f8" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">What is the growth opportunity?
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Performance Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:13pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Growth opportunity limited by the Caps. <font style="font-style:italic;font-weight:bold;">If we do not
                    declare a Cap for a 3-year Term Index Option there is no maximum limit on the positive Index Return for that Index Option.<br>
                  </font>&#8226;&#8194;May perform best in a strong market.<br>
                  &#8226;&#8194;Generally the most growth opportunity. However, growth opportunity may be less than the Index Precision Strategy or Index Guard Strategy depending on Precision Rates and Caps.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; padding-left: 1.42%; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z8fa2775d96cd40c690b11c11d7748025" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">What can change within a Crediting Method?
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Protection Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Renewal DPSCs for existing Contracts can change on each Term Start Date.<br>
                  &#8226;&#8194;DPSCs are subject to a 0.10% minimum.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Precision Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Renewal Precision Rates for existing Contracts can change on each Term Start Date.<br>
                  &#8226;&#8194;The 10% Buffers for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer for it on the date we add the Index Option to your Contract.<br>
                  &#8226;&#8194;Precision Rates are subject to a 0.10% minimum.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Guard Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Renewal Caps for existing Contracts can change on each Term Start Date.<br>
                  &#8226;&#8194;The -10% Floors for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Floor for it on the date we add the Index Option to your Contract.<br>
                  &#8226;&#8194;Caps are subject to a 0.10% minimum.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Index Performance Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:79.23%;">&#8226;&#8194;Renewal Caps for existing Contracts can change on each Term Start Date.<br>
                  &#8226;&#8194;The 10% Buffers for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer for it on the date we add the Index Option to your Contract.<br>
                  &#8226;&#8194;Caps are subject to a 0.10% minimum for 1-year Terms, or 2% for 3-year Terms.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; padding-left: 1.42%; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z0173f2b7b0004a41a819c276b4eaa9f8" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:12pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-indent:-8pt;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194;<font style="font-weight:bold;">For any Index Option with the</font> <font style="font-weight:bold;">Index Precision Strategy or Index Performance Strategy,</font> <font style="font-style:italic;font-weight:bold;">you participate in
                    any negative Index Return in excess of the Buffer</font>, which reduces your Contract Value. For example, for a 10% Buffer we absorb the first -10% of Index Return and you could lose up to 90% of the Index Option Value. However, for any
                  Index Option with the <font style="font-weight:bold;">Index Guard Strategy</font>, <font style="font-style:italic;font-weight:bold;">we absorb any negative Index Return in excess of the -10% Floor, so your maximum loss is limited to
                    -10% of the Index Option Value due to negative Index Returns.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:12pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-indent:-8pt;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194;DPSCs, Precision Rates, and Caps as set by us from time-to-time may vary substantially based on market conditions. <font style="font-style:italic;font-weight:bold;">However, in extreme market environments, it is possible that all
                    DPSCs, Precision Rates, and Caps will be reduced to their respective minimums of 0.10%, or 2% as stated in the table&#160;above.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:12pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-indent:-8pt;text-transform:none;text-transform:none; vertical-align:top;width:100%;">&#8226;&#8194;<font style="font-style:italic;font-weight:bold;">DPSCs, Precision Rates, and Caps can be different from Index Option to Index Option. </font>For example, Caps for the Index Performance Strategy 1-year
                  Terms can be different between the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index and the Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index; and Caps for
                  the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index can be different between 1-year and 3-year Terms on the Index Performance Strategy, and between the 1-year Terms for the Index Guard Strategy
                  and Index Performance Strategy. <font style="font-style:italic;font-weight:bold;">They may also be different from Contract-to-Contract depending on the Index Effective Date and the state of issuance.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">Bar Chart Examples of the Crediting Methods Performance</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following hypothetical examples show
          conceptually how the Crediting Methods might work in different market environments and assume no change in the hypothetical DPSCs, Precision Rates, or Caps. All values below are for illustrative purposes only. The examples do not reflect any
          DPSCs, Precision Rates, or Caps that may actually apply to a Contract. The examples do not predict or project the actual performance of the Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>. Although an
          Index or Indexes will affect your Index Option Values, the Index Options do not directly participate in any stock or equity investment and are not a direct investment in an Index. The Index Values do not include the dividends paid on the stocks
          comprising an Index. An allocation to an Index Option is not a purchase of shares of any stock or index fund. These examples do not reflect any withdrawals taken before the Term End Date&#160;(including any financial adviser fees that you choose to
          have us pay from this Contract), or deductions we make for Contract fees and expenses. Historical Index Option performance information is also included in Appendix D.</div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;19&#160;</div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;20&#160;</div>
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          Table of Contents
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        </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;21&#160;</div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_6">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="margin-top:0pt;text-align:Left;width:489pt;">
          <img alt=" " src="imgc71932a55.jpg">
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Can the Crediting Methods, Terms, or Indexes Change?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We can add new Crediting Methods, Terms, and
          Indexes to your Contract in the future, and you can allocate Purchase Payments or transfer Contract Value to them on the next Index Anniversary after we make them available to you. Once we add a Crediting Method to your Contract we cannot remove
          it, or change how it calculates Credits. If we add a new Index Option to your Contract, we cannot change its Buffer or Floor after it is established. However, we can change the renewal DPSCs, Precision Rates, or Caps associated with any Index
          Option on each Term Start Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Once we add an Index to your Contract, we cannot
          remove it without simultaneously replacing or substituting it. Index replacements and substitutions can occur either on a Term Start Date, Term End Date, or during a Term. If we substitute an Index during a Term, we will combine the return of the
          previously available substituted Index with the return of the new Index. However, if we substitute an Index, we do <font style="font-weight:bold;text-decoration:underline;">not</font> change the Buffers or Floors applicable to your Contract, or
          the current DPSCs, Precision Rates, or Caps that we set on the Term State Date. Any changes to the DPSCs, Precision Rates, or Caps for the new substituted Index will occur at the next regularly scheduled Term Start Date. For more information, see
          Risk Factors &#8211; Substitution of an Index.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z4522e73a75c2481c8ce4066452ec44bc" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Historical information on the DPSCs, Precision Rates, and Caps is provided in Appendix C. <font style="font-style:italic;font-weight:bold;">This information is for
                    historical purposes only and is not a representation as to future DPSCs, Precision Rates, and Caps.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">When Does Allianz Establish the Values Used to
          Determine Index Credits?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The 10% Buffers and -10% Floors for the currently
          available Index Options do not change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer or Floor for it on the date we add the Index Option to your Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We establish the initial DPSCs, Precision Rates,
          and Caps for a newly issued Contract on the Index Effective Date and they cannot change until the next Term Start Date. You select the Index Effective Date when you purchase your Contract. It can be any Business Day from the Issue Date up to and
          including the first Quarterly Contract Anniversary, but it cannot be the 29th, 30th or 31st of a month. <font style="font-weight:bold;">You should be aware that, generally, DPSCs, Precision Rates, and Caps could change every seven calendar days.
            However, these rates are guaranteed to be available during the period stated on our</font></div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;22&#160;</div>
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    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_7">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>
          and cannot be superseded until that period ends. Therefore, if you select an Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision Rates, and Caps may change
          and be less advantageous to you. Furthermore, if the Index Effective Date is after the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance charge if you then elect to cancel
          the Contract after the free look period. You may review future rates at least seven calendar days before their effectiveness at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>. You (or your Financial
          Professional, if authorized) can change your Index Effective Date at any time before it occurs to be an earlier or later date by submitting a request.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We can change the renewal DPSCs, Precision Rates,
          and Caps for an existing Contract on each new Term Start Date, in our discretion. Your initial and renewal DPSCs, Precision Rates, and Caps are stated in your <font style="font-weight:bold;">Index Options Statement</font>, which is the account
          statement we mail to you on the Index Effective Date and each Index Anniversary. The Index Options Statement also includes the Index Values on the Term Start Date and Term End Date. We use these Index Values to determine Index Returns and
          Credits.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For information on the initial DPSCs, Precision
          Rates, and Caps we currently offer for newly issued Contracts, see our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>. <font style="font-weight:bold;">We publish any changes to these values
            at least seven calendar days before the Index Effective Date that they take effect. If you select the earliest Index Effective Date or an Index Effective Date that is within the guaranteed period applicable to the initial rates in effect on the
            Issue Date, the initial rates available for review on your Issue Date will be the rates on your Index Effective Date. However, if you choose to defer your Index Effective Date your initial rates may change from the values that were available on
            your Issue Date. You are responsible for reviewing the initial rates before your Index Effective Date to ensure your allocations and the product still meet your needs.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We will send you a letter at least 30 days before
          each Index Anniversary. This letter advises you that current DPSCs, Precision Rates, and Caps are expiring, and that <font style="font-weight:bold;">renewal rates for the next Term Start Date will be available for your review in your account on
            our website at least seven calendar days before they take effect on the upcoming Index Anniversary</font>. Renewal rates are also available on our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>.
          The Index Anniversary letter also reminds you of your opportunity to transfer Variable Account Value to the Index Options, or reallocate&#160;your Index Option Values on the upcoming Term End Date.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zbd975356be694333b839223cb434a045" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; If your Contract is within its free
                  look period you may be able to take advantage of any increase in initial DPSCs, Precision Rates, or Caps by cancelling your Contract and purchasing a new Contract.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; If the initial DPSCs, Precision
                  Rates, or Caps available on the Index Effective Date are not acceptable you can:
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; cancel your Contract if you are still within the free look period,
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; request to extend your Index Effective Date if you have not reached your first Quarterly Contract Anniversary,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; on or before the Index Effective Date, cancel the Contract and request a full withdrawal of the money held in the AZL Government Money Market Fund and receive the Contract Value less
                  withdrawal charge, and final rider fee and contract maintenance charge; on or before&#160;the Index Effective Date you are&#160;<font style="font-weight:bold;text-decoration:underline;">not</font>&#160;subject to the Daily Adjustment,&#160;<font style="font-style:italic;font-weight:bold;">but you are subject to a withdrawal charge</font>, or
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; after the Index Effective Date, cancel the Contract and request a full withdrawal of the Contract Value less withdrawal charge, and final rider fee and contract maintenance charge; <font style="font-style:italic;font-weight:bold;">after the Index Effective Date, you will be subject to a withdrawal charge and the Daily Adjustment</font>.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; DPSCs, Precision Rates, and Caps
                  may be different between newly issued and existing Contracts, and between existing Contracts issued on the same month and day in different years. For example, assume that on May 3, 2019 we set Caps for the Index Performance Strategy
                  1-year Term with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index as follows:
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; 13% initial rate for new Contracts issued in 2019,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; 14% renewal rate for existing Contracts issued in 2018, and
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; 12% renewal rate for existing Contracts issued in 2017.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">What Are the Different Values Within the Contract?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract provides the following values as
          discussed in section 4, Valuing Your Contract.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zb0053983f5d44a16962b8aef38211139" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Contract Value is the sum of your Variable Account Value and Index Option Values. Contract Value reflects any previously deducted Contract fees and expenses, but does not reflect Contract fees and expenses that we would
                  apply on liquidation. The cash surrender value reflects&#160;all Contract fees and expenses we would apply on liquidation.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;23&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_8">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zac26728391414fe7a9e7d426443c008d" style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Your Variable Account Value is the sum of the values in your selected Variable Options. It reflects deduction of Variable Option operating expenses, m&amp;e charge, any previously assessed transfer fee, contract maintenance
                  charge, rider fee, and any&#160;withdrawal charge. It changes each Business Day based on the performance of the Variable Options.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Your total Index Option Value is the sum of the values in each of your selected Index Options. Each Index Option Value includes any Credits from previous Term End Dates, reduced proportionately for
                  previous partial withdrawals you took&#160;and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charges), and previous deductions we made for Contract fees and expenses. Amounts removed
                  from the Index Options during the Term for withdrawals you take and deductions we make for fees and expenses <font style="font-weight:bold;text-decoration:underline;">do not</font> receive a Credit on the Term End Date, but the amount
                  remaining does receive a Credit subject to the applicable Buffer, Floor, DPSC, Precision Rate, or Cap.
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z332ab77f3d1d4032bfec111d05869d99" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">On each Business Day during the Term other than the Term Start Date or Term End Date, we calculate the current Index Option Valuefor each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index
                  Performance Strategy by adding a Daily Adjustment to the Index Option Base. The <font style="font-weight:bold;">Index Option Base</font> is the amount you allocate to an Index Option. We reduce the Index Option Base proportionately for
                  withdrawals you take&#160;and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charges), and deductions we make for Contract fees and expenses; we increase/decrease it by the dollar amount
                  of additional Purchase Payments allocated to, transfers into or out of the Index Option; and any Credit.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">During the Term the Index Option Values for Index Options with the Index Protection Strategy do not change for Index performance, and do not receive the Daily Adjustment.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">What Is the Daily Adjustment?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment is how we calculate Index
          Option Values on Business Days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. <font style="font-style:italic;font-weight:bold;">The
            Index Options with the Index Protection Strategy and the Variable Options are not subject to the Daily Adjustment.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment can affect the amounts
          available for withdrawal, Performance Locks, annuitization, payment of the death benefit, and the Contract Value used to determine the Charge Base&#160;and contract maintenance charge. The Daily Adjustment can be positive or negative. When the Daily
          Adjustment is positive, your Index Option Value has increased since the Term Start Date. When it is negative, your Index Option Value has decreased (excluding the effect of the deduction of Contract expenses or any partial withdrawal).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We calculate the Daily Adjustment for a given
          Business Day before we deduct any Contract fees or expenses or process any partial withdrawal on that Business Day, including Penalty-Free Withdrawals, and any financial adviser fees that you choose to have us pay from this Contract. However, the
          Daily Adjustment calculation is not affected by any Contract fee or expense deduction, or partial withdrawal. The Daily Adjustment does not change the Contract fee or expense deducted, or the withdrawal amount; it only changes the Index Option
          Value from which we deduct the Contract fee or expense, or withdrawal.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment approximates the Index Option
          Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date. The Daily Adjustment takes into account:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z8b9514f29b7c4d6bb8fa2d85e2859e4d" style="border-collapse:collapse;empty-cells:show;margin-left:2.02%;margin-top:3pt;width:97.98%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:4.13%;">(i)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:95.87%;">any Index gains during the Term subject to the applicable Precision Rate or Cap,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:4.13%;">(ii)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:95.87%;">either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:4.13%;">(iii)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.87%;">the number of days until the Term End Date.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment does this by using the
          hypothetical value of a Proxy Investment <font style="font-weight:bold;">(Proxy Value)</font> each Business Day, other than the Term Start Date or Term End Date, based on the formulas described in Appendix B. The <font style="font-weight:bold;">Proxy
            Investment</font> provides a current estimated present value of what the Performance Credit will be on the Term End Date taking into account the applicable Buffer, Floor, Precision Rate, and/or Cap. The Daily Adjustment is not the actual Index
          return on the day of the calculation, and the estimated present value Performance Credit is not guaranteed. Therefore, the Daily Adjustment could result in a loss beyond the protection of the Buffer or Floor. <font style="font-weight:bold;">In
            extreme circumstances the Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, but it cannot result in a total loss of -100%. </font><font style="font-style:italic;font-weight:bold;">Such losses will
            be greater if the amount withdrawn&#160;(including any financial adviser fees that you choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.</font></div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;24&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_ee949264-dbd2-4edd-9839-e468faa499b8_9">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A withdrawal taken during the Term may not receive
          the full benefit of the Buffer or Floor because the Daily Adjustment takes into account what may potentially happen between the withdrawal date and the Term End Date. All other factors being equal, even if the current Index return during the Term
          is greater than the Precision Rate or Cap, the Daily Adjustment will usually be lower than the Precision Rate or Cap. This is because there is a possibility that the Index return could decrease before the Term End Date. Similarly, even though a
          negative Index return may be within the 10% Buffer&#160;for the Index Precision Strategy and Index Performance Strategy, you still may receive a negative Daily Adjustment because there is a possibility that the Index Return could decrease before the
          Term End Date. The Daily Adjustment for 3-year Term Index Options may be more negatively impacted by changes in the expected volatility of Index prices than 1-year Term Index Options due to the difference in Term length. Also, the risk of a
          negative Daily Adjustment is greater for 3-year Term Index Options than 1-year Term Index Options due to the Term length. Finally, a negative Index return for the Index Guard Strategy may result in you receiving a Daily Adjustment lower than the
          -10% Floor, because the Daily Adjustment reflects the present value of the Floor and you will not receive the full benefit of the -10%&#160;Floor until the&#160;Term End Date.<font style="font-style:italic;font-weight:bold;"> A negative Daily Adjustment
            may cause you to realize loss of principal and previous earnings.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment&#8217;s risks are discussed in more
          detail in Risk Factors &#8211; Risk of Negative Returns. The specific details of the Daily Adjustment formula are described in Appendix B and in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a
          part. This information is incorporated by reference into this prospectus. You can obtain a copy of Exhibit 99(b) by calling (800) 624-0197, or visiting our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com</font>.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">What Is the Performance Lock?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For each Index Option with the Index Precision
          Strategy, Index Guard Strategy, and Index Performance Strategy, you can capture the current Index Option Value (which includes the Daily Adjustment) on any Business Day during the Term through our Performance Lock feature. You (or your Financial
          Professional, if authorized) can request Performance Locks based on the Daily Adjustment. On our website the Daily Adjustment is included in the Index Option Value return figures. Additionally, you can transfer assets out of a&#160;locked Index Option
          on the Index Anniversary that occurs on or immediately after the Lock Date. For a 3-year Term Index Option this means you can transfer out of the locked Index Option before the Term End Date by executing a Performance Lock on or before the second
          Index Anniversary of the 3-year Term. The Business Day that we execute a Performance Lock is the <font style="font-weight:bold;">Lock Date</font> for that Index Option.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z38a06b12899e4d84aa52ed9d25358f8c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">We will not provide advice or notify you regarding whether you should exercise a Performance Lock or the optimal time for doing so. We will not warn you if you
                  exercise a Performance Lock at a sub-optimal time. We are not responsible for any losses related to your decision whether or not to exercise a Performance Lock.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:291pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;25&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_9377d789-821d-4be0-8548-edf45e3298ef_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Fee Tables</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following tables describe the fees and expenses
          that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year&#160;based on the options you have
          elected. These tables do not reflect any financial adviser fees that you pay from your other assets, or that you choose to have us pay from this Contract. If financial adviser fees were reflected, fees and expenses would be higher.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The first table describes the fees and expenses that
          you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract, or transfer Contract Value between investment options. State premium taxes may also be deducted.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Transaction Expenses</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Withdrawal Charge During Your Contract&#8217;s First Phase,
          the Accumulation Phase<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup><br>
          <font style="font-weight:Normal;">(as a percentage of each Purchase Payment withdrawn)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></font></div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z3bc387c0f8cd435c9ed76aa5b9cb9abe" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:34.96%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:0pt;padding-right:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:48.11%;">Number of Complete<br>
                  Years Since<br>
                  Purchase Payment
                </td>
                <td style="line-height:0pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:49.89%;">Withdrawal Charge<br>
                  Amount
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.88pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">0
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-top:1.88pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">8.5%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">1
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">8%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">2
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">7%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">3
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">6%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">4
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">5%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:48.11%;">5
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:49.89%;">4%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:48.11%;">6 years or more
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:12.84pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:49.89%;">0%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: center; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zc8d2ffbdd31247d298d789a2f9a9b3db" style="border-collapse:collapse;empty-cells:show;margin-top:6pt;width:67.55%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1pt;padding-left:0pt;padding-right:6pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:90.51%;">
                  <div style="float:left;">Transfer Fee<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
                  <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;">
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:1pt;padding-left:6pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:7.70%;">$25
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:10pt;padding-right:6pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:90.51%;">(for each transfer between Variable Options after twelve in a Contract Year)
                </td>
                <td style="line-height:0pt;padding-top:1pt;text-align:left;vertical-align:top;width:7.70%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z092ad4e123fa49aa890717c3a1d32688" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:3pt;text-align:center;vertical-align:bottom;width:58.18%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:21.84%;">Index Precision Strategy<br>
                  and<br>
                  Index Performance Strategy
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:19.19%;">Index Guard Strategy
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:58.18%;">Daily Adjustment Maximum Potential Loss<br>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:21.84%;">99%
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:19.19%;">35%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:18pt;padding-right:3pt;padding-top:1pt;text-align:left; text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:58.18%;">(as a percentage of Index Option Value, applies for distributions from an Index Option before any Term End Date)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(4)</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:21.84%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:19.19%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="zfc1deed90f8d464e911e8436101b3d6b" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">The Contract provides a free withdrawal privilege that allows you to withdraw 10% of your total Purchase Payments annually without incurring a withdrawal charge, as discussed in section 7, Access to Your Money &#8211; Free
                  Withdrawal Privilege.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">The Withdrawal Charge Basis is the total amount under your Contract that is subject to a withdrawal charge, as discussed in section 6, Expenses &#8211; Withdrawal Charge.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">We count all transfers made in the same Business Day as one transfer, as discussed in section 6, Expenses &#8211; Transfer Fee. The transfer fee does not apply to transfers to or from the Index Options and these transfers do not
                  count against your free transfers. Transfers are subject to the policies discussed in section 5, Variable Options &#8211; Excessive Trading and Market Timing.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(4)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">This shows the maximum potential loss due to the application of the Daily Adjustment (e.g., maximum loss could occur if there is a total distribution within a Term at a time when the Index price has
                  declined to zero). The Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor. The Daily Adjustment applies if before the Term End Date you take a full or partial withdrawal&#160;(including any financial
                  adviser fees that you choose to have us pay from this Contract), execute a Performance Lock, annuitize the Contract, we pay a death benefit, or when we deduct Contract fees or expenses. The actual Daily Adjustment calculation is
                  determined by a formula described in Appendix B.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The next table describes the fees and expenses that
          you will pay each year during the time that you own the Contract (not including Variable Option fees and expenses). If you purchased the optional Maximum Anniversary Value Death Benefit, you pay additional charges, as shown below.</div>
      </div>
      <div type="Block" style="margin-top:86pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;26&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_9377d789-821d-4be0-8548-edf45e3298ef_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Annual Contract Expenses</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z885cb5ca12e149e699fafca7c52d3551" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:14pt;padding-right:3pt;padding-top:4pt;text-align:left;text-decoration:none; text-indent:-10pt;text-transform:none;vertical-align:top;width:91.40%;">Administrative Expenses (or contract maintenance charge)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup><br>
                  <font style="font-weight:Normal;">(per year)</font>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:4pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.60%;">$50
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:14pt;padding-right:3pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-indent:-10pt;text-transform:none;vertical-align:top;width:91.40%;">Base Contract Expenses<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  <font style="font-weight:Normal;">(as a percentage of each Variable Option&#8217;s net asset value)</font>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.60%;">1.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:14pt;padding-right:3pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-indent:-10pt;text-transform:none;vertical-align:top;width:91.40%;">Optional Benefit Expenses &#8211; Maximum Anniversary Value Death Benefit<br>
                  <font style="font-weight:Normal;">(as a percentage of the Charge Base)</font>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:13pt;padding-right:4pt;padding-top:1.5pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.60%;">0.20%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z09924cc2207c4d43a26bb8776cb123b7" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Referred to as the &#8220;contract maintenance charge&#8221; in the Contract and elsewhere in this prospectus. Waived if the Contract Value is at least $100,000. During the Annuity Phase, we deduct the contract maintenance charge
                  proportionately from each Annuity Payment. See the section 6, Expenses &#8211; Contract Maintenance Charge (Administrative Expenses).
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">Referred to as the &#8220;mortality and expense risk charge&#8221; or "M&amp;E charge" in the Contract and elsewhere in this prospectus. See section 6, Expenses &#8211; Base Contract Expenses (Mortality and Expense Risk
                  (M&amp;E) Charge).
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The next table shows the minimum and maximum total
          operating expenses charged by the Variable Options that you may pay periodically during the time that you own the Contract. A complete list of Variable Options available under the Contract, including their annual expenses, may be found in
          Appendix H &#8211; Variable Options Available Under the Contract.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Annual Variable Option Expenses</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z5f655bf9b22d4e5693e1ffc2cc452f11" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:3pt;text-align:center;vertical-align:bottom;width:82.03%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.10%;">Minimum
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.08%;">Maximum
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:10pt;padding-right:3pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-indent:-10pt;text-transform:none;vertical-align:top;width:82.03%;">(expenses that are deducted from Variable Option assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:13pt;padding-right:6pt;padding-top:1.75pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:7.10%;">0.65%
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.08%;">0.71%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Example</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">This Example is intended to help you compare the cost
          of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual Variable Option expenses. These costs do not include any financial adviser
          fees that you pay from your other assets, or that you choose to have us pay from this Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Example assumes that you invest $100,000 in the
          Contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year&#160;and that you elected the Maximum Anniversary Value Death Benefit. Although your actual costs may be higher or lower, based on these
          assumptions, your costs would be:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4f29c9d4c9734023a8c6ba8260e69506" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:6pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">If you surrender your Contract (take a full withdrawal) at the end of the applicable time period:
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zdeabf08a41a94b1b8c8b6e946a48c5d2" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:12pt;width:86.03%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:61.86%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.43%;">1 Year
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">3 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">5 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.17%;">10 Years
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:61.86%;">Maximum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.43%;">$8,577
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$9,203
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$9,553
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:6pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:12.17%;">$11,286
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:61.86%;">Minimum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.43%;">$8,517
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$9,015
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$9,228
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:12.17%;">$10,577
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zf814cabb61a54885875564066f2b62b6" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:6pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">If you annuitize your Contract at the end of the applicable time period.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z2dd76e6e0bd54f209eb7bf4d0d49bf2b" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:12pt;width:86.03%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:61.98%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.32%;">1 Year
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">3 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">5 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.17%;">10 Years
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:61.98%;">Maximum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.32%;">N/A*
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$2,903
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$5,053
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:6pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:12.17%;">$11,286
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:61.98%;">Minimum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.32%;">N/A*
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$2,715
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$4,728
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:12.17%;">$10,577
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z77bc0ba2f541450a98a715a6133c0056" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">*
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">The earliest available Annuity Date is the second Contract Anniversary.
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z98f1c4f352de423e968eb589218283c0" style="border-collapse:collapse;empty-cells:show;margin-left:3.64%;margin-top:6pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">If you do not surrender your Contract.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zcdf646cd54054939a849448ad3500aca" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:12pt;width:86.03%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:6pt;text-align:left;vertical-align:bottom;width:61.98%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.32%;">1 Year
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">3 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:9pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.09%;">5 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:9pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.17%;">10 Years
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:61.98%;">Maximum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.32%;">$927
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$2,903
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:9pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$5,053
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:19pt;padding-right:6pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:12.17%;">$11,286
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:61.98%;">Minimum Variable Option expense
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.32%;">$867
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$2,715
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:9pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.09%;">$4,728
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:19pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:12.17%;">$10,577
                </td>
              </tr>

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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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      <a name="xx_9377d789-821d-4be0-8548-edf45e3298ef_3">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Risk Factors</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Contract involves certain risks that you should
          understand before purchasing. You should carefully consider your income needs and risk tolerance to determine whether the Contract is appropriate for you. The level of risk you bear and your potential investment performance will differ depending
          on the Allocation Options you choose.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Liquidity Risks</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We designed the Contract to be a long-term
          investment that you can use to help build and provide income for retirement. The Contract is not suitable for short-term investment.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you need to take a full or partial withdrawal
          during the withdrawal charge period, or when we deduct any financial adviser fees that you choose to have us pay from this Contract, we deduct a withdrawal charge, including&#160;amounts previously withdrawn under the free withdrawal privilege unless
          the withdrawal is a Penalty-Free Withdrawal. While Penalty-Free Withdrawals provide some liquidity, they are permitted in only limited amounts or in special circumstances. If you need to withdraw most or all of your Contract Value in a short
          period, you may exceed the Penalty-Free Withdrawal amounts available to you and incur withdrawal charges. (For more information on the withdrawal charge, see the Fee Tables and section 6, Expenses &#8211; Withdrawal Charge.)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We calculate the withdrawal charge as a percentage
          of your Purchase Payments, not Contract Value. Consequently, if the Contract Value has declined since you made a Purchase Payment, it is possible the percentage of Contract Value withdrawn to cover the withdrawal charge would be greater than the
          withdrawal charge percentage. For example, assume you buy the Contract with a single Purchase Payment of $1,000. If your Contract Value in the 5th year is $800 and you take a full withdrawal a 5% withdrawal charge applies. The total withdrawal
          charge would be $50 (5% of $1,000). This results in you receiving $750.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In addition, upon a full withdrawal the free
          withdrawal privilege is not available to you, and we apply a withdrawal charge against Purchase Payments that are still within their withdrawal charge period, including&#160;amounts previously withdrawn under the free withdrawal privilege. <font style="font-weight:bold;">On a full withdrawal your Withdrawal Charge Basis may be greater than your Contract Value because the following reduce your Contract Value, but do not reduce your Withdrawal Charge Basis: deductions we make for prior
            Penalty-Free Withdrawals and Contract fees or expenses; and/or poor performance.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Amounts withdrawn from this Contract may also be
          subject to federal and state income taxes, and a 10% additional federal tax if taken before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We only apply Credits to the Index Options once
          each Term on the Term End Date, rather than on a daily basis. In the interim, we calculate Index Option Values based on the Daily Adjustment for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance
          Strategy. However, Daily Adjustments do not apply to any Index Option with the Index Protection Strategy. Any assets removed from an Index Option during the Term for withdrawals you take (including Penalty-Free Withdrawals&#160;and any financial
          adviser fees that you choose to have us pay from this Contract), Annuity Payments, or deductions we make for Contract fees and expenses, or if we pay a death benefit, will not be eligible to receive a Credit on the Term End Date. These removed
          assets will not receive the full benefit of the Index Value, Index Return, and the 10% Buffer, or -10% Floor that would have been available on the Term End Date, and losses could exceed the protection offered by the 10% Buffer, or -10% Floor. You
          will receive a Credit only on the Index Option Value remaining in an Index Option on the Term End Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can transfer Index Option Value to the Variable
          Options only on every sixth Index Anniversary, and you can transfer Index Option Value among the Index Options only on Term End Dates. At other times, you can only move assets out of an Index Option by taking a full or partial withdrawal, or
          entering the Annuity Phase. Additionally, you can transfer assets out of a&#160;locked Index Option on the Index Anniversary that occurs on or immediately after the Lock Date. For a 3-year Term Index Option this means you can transfer out of the
          locked Index Option before the Term End Date by executing a Performance Lock on or before the second Index Anniversary of the 3-year Term. These restrictions may limit your ability to react to changes in market conditions. You should consider
          whether investing in an Index Option is consistent with your financial needs.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;28&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Risks of Investing in Securities</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Returns on securities and securities Indexes can
          vary substantially, which may result in investment losses. The historical performance of the available Allocation Options does not guarantee future results. It is impossible to predict whether underlying investment values will fall or rise.
          Trading prices of the securities underlying the Allocation Options are influenced by economic, financial, regulatory, geographic, judicial, political and other complex and interrelated factors. These factors can affect capital markets generally
          and markets on which the underlying securities are traded and these factors can influence the performance of the underlying securities.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you allocate Purchase Payments or transfer
          Contract Value to an Index Option, your returns depend on the performance of an Index although you are not directly invested in the Index. Because the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index,
          Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index, Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index, EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> and iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are each comprised of a collection of equity securities, in each
          case the value of the component securities is subject to market risk, or the risk that market fluctuations may cause the value of the component securities to go up or down, sometimes rapidly and unpredictably. In addition, the value of equity
          securities may decline for reasons directly related to the issuers of the securities.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<font style="font-weight:Normal;">. The S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is comprised of equity securities
            issued by large-capitalization U.S. companies. In general, large-capitalization companies may be unable to respond quickly to new competitive challenges, and also may not be able to attain the high growth rate of successful smaller companies.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<font style="font-weight:Normal;">. The Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is comprised of equity securities of
            small-capitalization U.S. companies. In general, the securities of small-capitalization companies may be more volatile and may involve more risk than the securities of larger companies.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index<font style="font-weight:Normal;">. The Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is comprised of equity securities of the
            largest U.S. and non-U.S. companies listed on The Nasdaq Stock Market, including companies across all major industry groups except the financial industry. To the extent that the Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is comprised of securities issued by companies in a particular sector, that company&#8217;s securities may not perform as well as companies in other sectors or the market as
            a whole. Also, any component securities issued by non-U.S. companies (including related depositary receipts) are subject to the risks related to investments in foreign markets (e.g., increased price volatility; changing currency exchange rates;
            and greater political, regulatory, and economic uncertainty).</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup><font style="font-weight:Normal;">. EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> is comprised of the equity securities of
            large-capitalization companies in the Eurozone. The securities comprising EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> are subject to the risks related to investments in foreign markets (e.g., increased
            price volatility; changing currency exchange rates; and greater political, regulatory, and economic uncertainty), and are significantly affected by the European markets and actions of the European Union.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF<font style="font-weight:Normal;">. The iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
            seeks to track the investment results of the MSCI Emerging Markets Index, which is designed to measure equity market performance in the global emerging markets. The underlying index may include large-and mid-capitalization companies. iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF is an exchange-traded fund. The performance of the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging
            Markets ETF may not replicate the performance of, and may underperform the underlying index. The price of the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF will reflect expenses and
            fees that will reduce its relative performance. Moreover, it is also possible that the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF may not fully replicate or may, in certain
            circumstances, diverge significantly from the performance of the underlying index. Additional information about iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF is available on the SEC&#8217;s
            website at </font><font style="color:#0000FF;font-weight:Normal;text-decoration:underline;">sec.gov</font><font style="font-weight:Normal;"> and copies of that information may be obtained, upon payment of a duplicating fee, by electronic
            request at the following email address: publicinfo@sec.gov. Please note that this information is not prepared by us and may be intended for shareholders of the ETF. You will not be a shareholder of the ETF by investing in an Index Option that
            is linked to the performance of the ETF. You may also request additional information about the ETF from our Service Center or your Financial Professional.</font></div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
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          <table cellspacing="0" cellpadding="0" id="z92c81c14ab814d948434525560a9e458" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The COVID-19 pandemic has at times led to significant volatility and negative returns in the financial markets. These market conditions have impacted the performance
                  of the Indexes to which the Index Options are linked, as well as securities held by the Variable Options. If these market conditions continue or reoccur, and depending on your individual circumstances (<font style="font-style:italic;">e.g.</font>,
                  your selected Allocation Options and the timing of any Purchase Payments, transfers, or withdrawals), you may experience (perhaps significant) negative returns under the Contract. The COVID-19 pandemic has contributed to an uncertain and
                  evolving economic environment. The impact of the COVID-19 pandemic and other interrelated factors (e.g., changes in interest rates, rising inflation, actions of governmental authorities) on the economic environment cannot be predicted
                  with certainty, but they could negatively affect the returns of an Index and the level of DPSCs, Precision Rates, and Caps, and other product features, and the overall performance of your Contract.<br>
                  The military invasion of Ukraine initiated by Russia in February 2022 and the resulting response by the United States and other countries have led to economic disruptions, as well as increased volatility and uncertainty in the financial
                  markets. It is not possible to predict the ultimate duration and scope of the conflict, or the future impact on U.S. and global economies and financial markets. The performance of the Indexes to which the Index Options are linked, as well
                  as securities held by the AZL Government Money Market Fund, may be adversely affected. This risk could be higher for Indexes with exposure to European or Russian markets, including EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>&#160;and iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF. Depending on your individual circumstances (e.g., your
                  selected Index Options and the timing of any Purchase Payments, transfers, or withdrawals), you may experience (perhaps significant) negative returns under the Contract. You should consult with a Financial Professional about how the
                  recent market conditions may impact your future investment decisions related to the Contract, such as purchasing the Contract or making Purchase Payments, transfers, or withdrawals, based on your individual circumstances.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Risk of Negative Returns</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Variable Options do not provide any protection
          against negative returns. <font style="font-style:italic;font-weight:bold;">You can lose principal and previous earnings if you allocate Purchase Payments or transfer Contract Value to the Variable Options and such losses could be significant.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you allocate Purchase Payments or transfer
          Contract Value to an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, negative Index Returns may cause Performance Credits to be either negative after application of the 10% Buffer or negative
          down to the -10%&#160;Floor. For the Index Performance Strategy, we apply the Buffer for the entire Term length; we do not apply the Buffer annually on a 3-year Term Index Option. Ongoing deductions we make for Contract fees and expenses could also
          cause amounts available for withdrawal to be less than what you invested even if Index performance has been positive. <font style="font-style:italic;font-weight:bold;">You can lose principal and previous earnings if you allocate Purchase
            Payments or transfer Contract Value to the Index Options with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, and such losses could be significant. If you allocate Purchase Payments or transfer Contract Value
            to the Index Options with the Index Protection Strategy you can also lose principal and previous earnings if you do not receive the DPSC, or if the Contract fees and expenses are greater than the DPSC. </font><font style="font-weight:bold;">The
            maximum potential negative Performance Credit for the Index Performance Strategy and Index Precision Strategy is based on the Buffer. If the Buffer is 10% the maximum negative Performance Credit is -90%. The maximum potential negative
            Performance Credit for the Index Guard Strategy is the -10% Floor. </font><font style="font-style:italic;font-weight:bold;">Such losses will be greater if you take a withdrawal&#160;(including any financial adviser fees that you choose to have us
            pay from this Contract) that is subject to a withdrawal charge, or is a deduction of Contract fees and expenses.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you select an Index Option with the Index
          Precision Strategy, Index Guard Strategy, or Index Performance Strategy, we calculate Index Options Values for these Index Options on each Business Day during a Term (other than the Term Start Date or Term End Date) by adding the Daily
          Adjustment. The Daily Adjustment affects the total Contract Value available for withdrawal, annuitization, and payment of the death benefit, and it affects how we determine the contract maintenance charge and Charge Base for the rider fee. The
          Daily Adjustment can be less than the Precision Rate or Cap even if the current Index return during the Term is greater than the Precision Rate or Cap. In addition, even though the current Index return during the Term may be positive, the Daily
          Adjustment for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy may be negative due to changes in Proxy Value inputs, such as volatility, dividend yield, and interest rate. The Daily
          Adjustment is generally negatively affected by:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zb372eb89c3b8460c97545690ebee5528" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">interest rate decreases,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">dividend rate increases,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">poor market performance, and
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:9pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;30&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_9377d789-821d-4be0-8548-edf45e3298ef_6">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z7edd1a6def2744e894b8d804c94a986a" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the expected volatility of Index prices. Increases in the expected volatility of&#160;Index prices negatively affect the Index Precision Strategy and Index Performance Strategy with&#160;1-year Terms, while decreases in the expected
                  volatility of&#160;Index prices&#160;negatively&#160;affect the Index Guard Strategy. For&#160;the Index Performance Strategy with 3-year Terms, the impact of changes in the expected volatility of Index prices is dependent on the market environment and the
                  applicable Caps.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment for 3-year Term Index Options
          may be more negatively impacted by changes to interest rates, dividend rates, market performance and the expected volatility of Index prices than 1-year Term Index Options because the longer Term length amplifies the impact of these market
          parameters on the expected Index Option Value at the Term End Date. The impact of the Cap and Buffer on the Daily Adjustment for a 1-year Term Index Option is greater than it is for a 3-year Term Index Option because we apply the Cap and Buffer
          for the entire Term length, and the Term length is shorter for a 1-year Term.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you take a withdrawal from an Index Option with
          the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy before the Term End Date, <font style="font-weight:bold;">you could lose principal and previous earnings because of the Daily Adjustment </font><font style="font-style:italic;font-weight:bold;">even if Index performance is positive on that day or has been positive since the Term Start Date</font><font style="font-weight:bold;">. If the current Index return during the Term is negative, the
            Daily Adjustment for these Index Options could result in losses greater than the protection provided by the 10% Buffer, or -10% Floor.</font> <font style="font-weight:bold;">In extreme circumstances the Daily Adjustment could result in a loss
            beyond the protection of the Buffer or Floor, but it cannot result in a total loss of -100%. </font><font style="font-style:italic;font-weight:bold;">Such losses will be greater if the amount withdrawn&#160;(including any financial adviser fees
            that you choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Risks Associated with Calculation of Credits</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We calculate Credits each Term on the Term End
          Date. Because we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the Index you selected for a given Crediting Method experienced gains through some, or most, of the Term. If you
          allocate Purchase Payments or transfer Contract Value to the Index Options with Index Protection Strategy, positive returns are limited by the DPSCs. You are not subject, however, to potential negative Credits. The Precision Rates on the Index
          Options with Index Precision Strategy, and the Caps on the Index Options with Index Guard Strategy and Index Performance Strategy also limit positive returns and could cause performance to be lower than it would otherwise have been if you
          invested in a mutual fund or exchange-traded fund designed to track the performance of the applicable Index, or the Variable Options. For the Index Performance Strategy, we apply the Cap for the entire Term length; we do <font style="font-weight:bold;text-decoration:underline;">not</font> apply the Cap annually on a 3-year Term Index Option.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Index Options do not directly participate in
          the returns of the Indexes or the Indexes&#8217; component securities, and do not receive any dividends payable on these securities. Index returns would be higher if they included the dividends from the component securities. The past ten years of
          actual average of the annual Index returns without and with dividends would have been as follows:</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z25f3095dfa04434ba49fc0b29fe6163c" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:6pt;text-align:center;vertical-align:bottom;width:33.52%;">&#160;
                </td>
                <td colspan="9" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:67.70%;">January 1, 2011 through December 31, 2021
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:bottom;width:33.52%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.98%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup><br>
                  Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.65%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup><br>
                  Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.40%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup><br>
                  Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.27%;">EURO<br>
                  STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:20.39%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI<br>
                  Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:33.52%;">Returns without dividends
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:6pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:7.98%;">14.84%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:6pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.65%;">22.67%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-right:6pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.40%;">12.57%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:20.56pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.27%;">7.03%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:20.39%;">3.79%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:33.52%;">Returns with dividends
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16.60pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:7.98%;">17.11%
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.65%;">24.05%
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.40%;">14.07%
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-right:6pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.27%;">10.88%
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:16pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:20.39%;">5.90%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">DPSCs, Precision Rates, and Caps may be adjusted on
          the next Term Start Date and may vary significantly from Term to Term. Changes to DPSCs, Precision Rates, and Caps may significantly affect the amount of Credit you receive. For more information, see the &#8220;Changes to&#160;Declared Protection Strategy
          Credits (DPSCs), Precision Rates, and Caps&#8221; discussion later in this section.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Crediting Methods only capture Index Values on
          the Term Start Date and Term End Date, so you will bear the risk that the Index Value might be abnormally low on these days.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Risks Associated with Performance Locks</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If a Performance Lock is executed:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4397eeabaaac4c9ba1a407f2c215b47e" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">You will no longer participate in Index performance, positive or negative, for the remainder of the Index Year for the locked Index Option. This means that under no circumstances will your Index Option Value increase during
                  the remainder of the Index Year. An <font style="font-weight:bold;">Index Year</font> is a twelve-month period beginning on the Index Effective Date or a subsequent Index Anniversary.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;31&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
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          <table cellspacing="0" cellpadding="2" id="z638b48c00d9148ee8cf9d9bb5761b6f4" style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;">

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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">You will not receive a Performance Credit on any locked Index Option on the Term End Date.
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We use the Daily Adjustment calculated at the end of the <font style="font-weight:bold;text-decoration:underline;">current</font> Business Day on the Lock Date to determine your locked Index Option Value. This means you
                  will not be able to determine in advance your locked Index Option Value, and it may be higher or lower than it was at the point in time you requested a manual Performance Lock, or that your Index Option reached its target for an automatic
                  Performance Lock. Through your account on our website you can request a Performance Lock based on upper and/or lower targets you set using Index Option Value returns.
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If a Performance Lock is executed when your Daily Adjustment has declined, you will lock in any loss. It is possible that you would have realized less of a loss or no loss if the Performance Lock occurred at a later time,
                  or if the Index Option was not locked.
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">We will not provide advice or notify you regarding whether you should exercise a Performance Lock or the optimal time for doing so. We will not warn you if you exercise a Performance Lock at a sub-optimal
                  time. We are not responsible for any losses related to your decision whether or not to exercise a Performance Lock.
                </td>
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          </table>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Substitution of an Index</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">There is no guarantee that the Indexes will be
          available during the entire time that you own your Contract. If we substitute a new Index for an existing Index, the performance of the new Index may be different and this may affect your ability to receive positive Credits. We may substitute a
          new Index for an existing Index if:</div>
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          <table cellspacing="0" cellpadding="2" id="zcbe739f8b511433292e5b4900bc4d5c2" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the Index is discontinued,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">we are unable to use the Index because, for example, changes to an Index make it impractical or expensive to purchase derivative hedging instruments to hedge the Index, or we are not licensed to use the Index, or
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">the method of calculation of the Index Values changes substantially, resulting in significantly different Index Values and performance results. This could occur, for example, if an Index altered the types
                  of securities tracked, or the weighting of different categories of securities.
                </td>
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          </table>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If we add or substitute an Index, we first seek any
          required regulatory approval (from each applicable state insurance regulator) and then provide you with written notice. We also provide you with written notice if an Index changes its name. Substitutions of an Index may occur during a Term. If we
          substitute an Index during a Term we will combine the return of the replaced existing Index from the Term Start Date to the substitution date with the return of the new Index from the substitution date to the Term End Date. If we substitute an
          Index during a Term:</div>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">we do <font style="font-weight:bold;text-decoration:underline;">not</font> change the Charge Base we use to calculate the rider fee, and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">the Buffers, Floors, DPSCs, Precision Rates, and Caps for the replaced Index will apply to the new Index. We do <font style="font-weight:bold;text-decoration:underline;">not</font> change the Buffers and
                  Floors applicable to your Contract, or the current DPSCs, Precision Rates, and Caps that we set on the Term Start Date.
                </td>
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          </table>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Changes to DPSCs, Precision Rates, and Caps
          associated with the new Index, if any, may occur at the next regularly scheduled Term Start Date. Depending on the constitution of the replaced Index, the volatility of its investments, and our ability to hedge the Index&#8217;s performance, we may
          determine, in our discretion, to increase or decrease renewal DPSCs, Precision Rates, and Caps associated with the new Index. However, we would not implement any change to reflect this difference until the next Term Start Date after the
          substitution. For any Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, the substitution of an Index during a Term may result in an abnormally large change in the Daily Adjustment on the day we
          substitute the Index.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The selection of a substitution Index is in our
          discretion; however, it is anticipated that any substitute Index will be substantially similar to the Index it is replacing and we will replace any equity Index with a broad-based equity index.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Changes to&#160;Declared Protection Strategy Credits
          (DPSCs), Precision Rates, and Caps</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z03826818b9ee40cfa3ff5b8a2255f235" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">You can only transfer Index Option Value to a Variable Option on a sixth Index Anniversary.
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We establish initial and renewal DPSCs, Precision
          Rates, and Caps as indicated under &#8220;When Does Allianz Establish the Values Used to Determine Index Credits?&#8221; in the Summary of the Index Options section. This section also includes information on the notice we provide you of renewal changes on
          each Index Anniversary.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You should be aware that, generally, DPSCs, Precision
          Rates, and Caps could change every seven calendar days. However, these rates are guaranteed to be available during the period stated on our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font> and
          cannot be superseded until that period ends. If you select the earliest Index</div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;32&#160;</div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">Effective Date<font style="font-weight:Normal;"> </font>or an Index
          Effective Date that is within the guaranteed period applicable to the initial rates in effect on the Issue Date, the initial rates available for review on your Issue Date will be the rates on your Index Effective Date. However, if you select an
          Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision Rates, and Caps may change and be less advantageous to you. Furthermore, if the Index Effective Date is
          after the end of the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance charge if you then elect to cancel the Contract after the free look period. You may review future rates
          at least seven calendar days before their effectiveness at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>. You (or your Financial Professional, if authorized) can change your Index Effective Date at
          any time before it occurs to be an earlier or later date by submitting a request.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On each Term End Date you have the option of
          remaining allocated to your current Index Options at the renewal DPSCs, Precision Rates, and Caps&#160;that we set on the next Term Start Date, or transferring to another permitted Allocation Option, subject to the limitations on transfers from an
          Index Option to a Variable Option. At least seven calendar days before each Index Anniversary we publish renewal rates for the next Term Start Date for your review in your account on our website, and on our public website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>. If you do not review renewal change information when it is published, or take no action to transfer to another permitted Allocation Option, you will remain
          allocated to your current Index Options and will automatically become subject to the renewal DPSCs, Precision Rates, and Caps until the next Term End Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You risk the possibility that the renewal DPSCs,
          Precision Rates, and Caps you receive may be less than you would find acceptable. If you do not find the renewal rates acceptable, you must give us transfer instructions no later than the end of the Business Day on the Term End Date (or the next
          Business Day if the Term End Date is a non-Business Day) or you will be subject to these renewal DPSCs, Precision Rates, and Caps for the next Term. Other than on a sixth Index Anniversary when you can transfer Index Option Value to the Variable
          Options, when&#160;your renewal rates change the only options available to you are to transfer Index Option Value between Index Options, or take a full withdrawal (which may be subject to a withdrawal charge).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Initial and renewal DPSCs, Precision Rates, and
          Caps may vary significantly depending upon a variety of factors, including:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zd13b0b6a90f1444bbad3b1f0e133be33" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">market volatility,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">our hedging strategies and investment performance,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the availability of hedging instruments,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the amount of money available to us through Contract fees and expenses to purchase hedging instruments,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">your Index Effective Date,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the level of interest rates,
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">utilization of Contract benefits by Owners, and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">our profitability goals.
                </td>
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          </table>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Due to a combination of factors, including
          potential changes in interest rates and other market conditions (e.g. rising inflation), the current economic environment is evolving. The future impact on initial and renewal DPSCs, Precision Rates, and Caps cannot be predicted with certainty.
          The effect of a change in interest rates or other market conditions may not be direct or immediate. There may be a lag in changes to DPSCs, Precision Rates, and Caps. Interest rates could increase. In a rising interest rate environment, increases
          in DPSCs, Precision Rates, and Caps, if any, may be substantially slower than increases in interest rates.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We manage our obligation to provide Credits in part
          by trading call and put options, and other derivatives on the available Indexes. The costs of the call and put options and other derivatives vary based on market conditions, and we may adjust future renewal DPSCs, Precision Rates, and Caps to
          reflect these cost changes. The primary factor affecting the differences in the initial DPSCs, Precision Rates, and Caps for newly issued Contracts and renewal rates for existing Contracts is the difference in what we can earn from these
          investments for newly issued Contracts versus what we are earning on the investments that were made, and are being held to maturity, for existing Contracts. In some instances we may need to reduce both initial and renewal DPSCs, Precision Rates,
          and Caps, or we may need to substitute an Index. You bear the risk that we may reduce DPSCs, Precision Rates, and Caps, which reduces your opportunity to receive positive Credits.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Investment in Derivative Hedging Instruments</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Index Options are supported by bonds and other
          fixed income securities which are also used to support the Contract guarantees, cash, and derivative hedging instruments used to hedge the movements of the applicable Index.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">At Contract issue, we invest a substantial majority
          of the initial Contract Value&#160;allocated to the Index Options in fixed income securities, with most of the remainder invested in derivative hedging instruments. The derivative hedging instruments are purchased to track and hedge Index movements
          and support our obligations with regard to the Index Options. The derivative hedging instruments we purchase include put options, call options, futures, swaps, and other derivatives.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We currently limit our purchase of derivative
          hedging instruments to liquid securities. However, like many types of derivative hedging instruments, these securities may be volatile and their price may vary substantially. In addition, because we pay Credits regardless of the performance of
          derivative hedging instruments we purchase, we may incur losses on hedging mismatches or errors in hedging. We may incur additional costs if the costs of our hedging program increase due to market conditions or other factors. Our overall
          experience with hedging securities may affect renewal DPSCs, Precision Rates, and Caps for existing Contracts.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Risks of Deducting Financial Adviser Fees from the
          Contract</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you have an investment adviser and want to pay
          their financial adviser fees from this Contract, you can instruct us to withdraw the fee from your Contract and pay it to your adviser. The investment adviser requests each fee payment by submitting a letter of instruction that includes the fee
          amount. The deduction of financial adviser fees is in addition to this Contract&#8217;s fees and expenses, and the deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be
          subject to withdrawal charges, will reduce the Contract Value and Guaranteed Death Benefit Value (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>). <font style="font-style:italic;font-weight:bold;">Please consult with your Financial Professional before requesting
            us to pay financial adviser fees from this Contract compared to other assets you may have.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Certain Variable Options may also invest in
          derivative securities. For more information on these investments, see the Variable Option prospectuses.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Our Financial Strength and Claims-Paying Ability</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We make Annuity Payments, and pay death benefits
          from our general account. Our general account assets are subject to claims by our creditors, and any payment we make from our general account is subject to our financial strength and claims-paying ability. We apply Credits from an unregistered,
          non-unitized, non-insulated separate account (<font style="font-weight:bold;">Separate Account IANA</font>). Like our general account, the assets in Separate Account IANA are subject to our general business operation liabilities and the claims of
          our creditors, and are also subject to our financial strength and claims-paying ability. For more information on Separate Account IANA, see section 12, Other Information &#8211; Our Unregistered Separate Account.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zb53b6b0ec2104a82bc08ab9fb083f4b2" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">As a result of the COVID-19 pandemic and interrelated market factors (e.g., market volatility changes in interest rates, rising inflation, actions by governmental
                  authorities), economic uncertainties have arisen which could negatively impact Allianz Life&#8217;s net income and surplus. The extent to which the COVID-19 pandemic and these other market factors will impact our business, net income, and
                  surplus, as well as our capital and liquidity position, will depend on future developments, which are highly uncertain. For more information see section 13, Information on Allianz Life &#8211; Business and Operational Risks Relevant to the
                  Contract.
                </td>
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          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Regulatory Protections</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life is not an investment company and
          therefore we are not registered as an investment company under the Investment Company Act of 1940, as amended, and the protections provided by this Act are not applicable to the guarantees we provide. The Separate Account is, however, registered
          as an investment company. Any allocations you make to an Index Option are not part of the Separate Account. Allianz Life is not an investment adviser and so is not subject to the Investment Advisers Act of 1940, and does not provide investment
          advice to you in connection with your Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Your Contract is registered in accordance with the
          Securities Act of 1933 and the offering of the Contract must be conducted in accordance with the requirements of this Act. In addition, the offer and sale of the Contract is subject to the provisions of the Securities Exchange Act of 1934.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract is filed with and approved by each
          state in which the Contract is offered. State insurance laws provide a variety of regulatory protections.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;34&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">1.<font style="text-transform:uppercase;">&#160;&#160;The Contract</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">An annuity is a contract between you as the Owner,
          and an insurance company (in this case Allianz Life), where you make payments to us and we invest that money in the Allocation Options you select. Depending on market conditions, your Contract may gain or lose value based on the returns of your
          selected Allocation Options. When you are ready to take money out, we make payments to you according to your instructions and any restrictions associated with the payment option you select that is described in this prospectus. Other than to add
          benefits that are beneficial to you, we do not make any changes to your Contract without your permission except as may be required by law.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract has an Accumulation Phase and an
          Annuity Phase.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The <font style="font-style:italic;font-weight:bold;">Accumulation Phase</font> is the first phase of your Contract, and it begins on the Issue Date. During the Accumulation Phase, we invest your money in the Allocation Options you select on a
          tax-deferred basis. Tax deferral may not be available for certain non-individually owned contracts. Tax deferral means you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your Contract.
          (For more information, see section 11, Taxes.)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">During the Accumulation Phase you can take
          withdrawals (subject to any withdrawal charge). You can also make additional Purchase Payments subject to the restrictions set out in section 3, Purchase Requirements. The Contract also offers at issue the optional Maximum Anniversary Value Death
          Benefit for an additional rider fee (see section 10) if all Owners and the Annuitant are age 75 or younger on the Issue Date. The Maximum Anniversary Value Death Benefit can only be added to a Contract at issue. The Maximum Anniversary Value
          Death Benefit potentially provides a death benefit greater than the Traditional Death Benefit based on the Maximum Anniversary Value (highest Contract Value on any Index Anniversary before age 91, increased by the dollar amount of subsequent
          Purchase Payments, and reduced proportionately for subsequent withdrawals you take including any withdrawal charge).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Accumulation Phase ends upon the earliest of
          the following.</div>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Business Day before the Annuity Date.
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Business Day we process your request for a full withdrawal.
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Upon the death of any Owner (or the Annuitant if the Owner is a non-individual), the Business Day we first receive a Valid Claim from any one Beneficiary, unless the surviving spouse/Beneficiary continues
                  the Contract. If there are multiple Beneficiaries, the remaining Contract Value continues to fluctuate with the performance of the Allocation Options until the complete distribution of the death benefit. A <font style="font-weight:bold;">Valid
                    Claim</font> is the documents we require to be received in Good Order at our Service Center before we pay any death claim.
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you request Annuity Payments, the Accumulation
          Phase of your Contract ends and you enter the <font style="font-style:italic;font-weight:bold;">Annuity Phase</font>. During the Annuity Phase we make regular fixed periodic Annuity Payments based on the life of the Annuitant(s), or life and
          term certain. We send Annuity Payments to the <font style="font-weight:bold;">Payee</font> (the person or entity who receives Annuity Payments during the Annuity Phase). You can choose when Annuity Payments begin, subject to certain
          restrictions. We base Annuity Payments on your Contract Value and the payout rates for the Annuity Option you select. Your Annuity Payments do not change unless an Annuitant dies. The Annuity Phase ends when we make the last Annuity Payment under
          your selected Annuity Option. For more information, see section 8, The Annuity Phase.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Financial Adviser Fees</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you have a financial adviser and want to take a
          withdrawal from this Contract to pay your financial adviser fee, you can submit a written request to our Service Center by completing our third party money management customer authorization of transfer form and fee redemption authorization form.
          If we approve your request, we withdraw the requested fees and pay them to your Financial Professional or Financial Professional&#8217;s firm as instructed. The fee redemption authorization is an agreement between you, your Financial Professional,
          and/or the Financial Professional's firm. The agreement authorizes us to deduct financial adviser fees from the Contract and send them to the Financial Professional or the Financial Professional's firm upon written request. You can terminate this
          agreement at any time by providing us written notice. We retain the right to request an updated fee redemption authorization form at any time.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Financial Professional or Financial
          Professional&#8217;s Firm requests each fee payment by submitting a letter of instruction that includes the fee amount. <font style="font-weight:bold;">We treat this fee payment as a withdrawal which means a withdrawal charge, federal and state income
            taxes, and a 10% additional federal tax if you are under age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;</font><font style="font-size:6pt;font-weight:bold;line-height:8pt;">2</font><font style="font-weight:bold;"> may apply, and the amount of Contract Value available for withdrawal may be affected by the Daily Adjustment </font><font style="font-style:italic;font-weight:bold;">(which can be negative).</font><font style="font-weight:bold;"> </font>We deduct financial adviser fees (including any withdrawal charge) proportionately from each Allocation Option unless you</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">provide us with alternate instructions. This withdrawal reduces
          the Contract Value and the amount available under the free withdrawal privilege by the dollar amount withdrawn. It may also reduce your Contract's Guaranteed Death Benefit Value proportionately by the percentage of Contract Value withdrawn, which
          may reduce this value<font style="font-style:italic;font-weight:bold;"> by more than the amount withdrawn and these reductions could be significant.</font> If this is a Non-Qualified Contract, a withdrawal will be a taxable withdrawal to the
          extent that gain exists within the Contract. Financial adviser fees paid from an IRA Contract will not be treated as a taxable withdrawal as long as the annuity contract is solely liable for the payment of the financial adviser fee. You should
          consult a tax adviser regarding the tax treatment of financial adviser fee payments. <font style="font-style:italic;font-weight:bold;">Please consult with your Financial Professional before requesting us to pay financial adviser fees from this
            Contract compared to other assets you may have.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Your financial adviser acts on your behalf, not
          ours. We are not party to any agreement between you and your financial adviser, nor are we responsible for your financial adviser&#8217;s actions. We do not verify that withdrawals for financial adviser fees align with the terms of your agreement with
          your financial adviser. We do not set your financial adviser fee or receive any part of it. Any withdrawals for financial adviser fees you pay is in addition to this Contract&#8217;s fees and expenses. We pay sales commissions&#160;to the selling firms and
          their Financial Professionals. The maximum commission payable to the selling firms for Contract sales is expected to not exceed 6% of Purchase Payments. Sometimes, we enter into an agreement with a selling firm to pay commissions as a combination
          of a certain amount of the commission at the time of sale and a trail commission which, when totaled, could exceed 6% of Purchase Payments. Financial Professionals and their managers may also be eligible for various benefits such as production
          incentive bonuses, insurance benefits, and non-cash compensation items that we may provide jointly with our principal underwriter, Allianz Life Financial Services, LLC. You should ask your financial adviser about compensation they receive for
          this Contract. Allianz Life is not an investment adviser, and does not provide investment advice in connection with sales of the Contract. We are not a fiduciary to you, and do not make recommendations or assess suitability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can submit a written request to our Service
          Center on a form satisfactory to us to allow your financial adviser to make Allocation Option transfers and allocation changes on your behalf. However, we reserve the right to review a financial adviser&#8217;s trading history before allowing him or
          her to make transfers. If, in our sole discretion, we believe the financial adviser&#8217;s trading history indicates excessive trading, we can deny your request. If we approve it, your financial adviser is subject to the same trading restrictions that
          apply to Owners. We can deny or revoke trading authority in our sole discretion.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Financial Adviser Fee Deduction Example</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">These calculations show the effects of withdrawing
          financial adviser fees on the Contract Value and available Guaranteed Death Benefit Value. These withdrawals (including any withdrawal charges) immediately reduce the Contract Value on a dollar for dollar basis, and reduce the available
          Guaranteed Death Benefit Value by the percentage of Contract Value withdrawn.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The example assumes a withdrawal of $5,000 once per
          year on days that are not Term End Dates to pay financial adviser fees starting when the Contract Value is $100,000, the Guaranteed Death Benefit Value under the Traditional Death Benefit is $90,000, and the Guaranteed Death Benefit Value under
          the Maximum Anniversary Value Death Benefit is $105,000. The first withdrawal assumes that there is no amount remaining under the partial withdrawal privilege for that year, so that withdrawal is subject to an 8.5% withdrawal charge. Subsequent
          withdrawals are all taken under the partial withdrawal privilege. All fractional numbers in these examples have been rounded up to the next whole number. All Contract Value figures reflect the Daily Adjustment.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z3aacae7f55d247e5a273f8227dc99c9f" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:27.44%;">Financial Adviser Fee<br>
                  Withdrawal
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:17.02%;">Contract<br>
                  Value
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:22.81%;">Guaranteed Death Benefit<br>
                  Value for a Contract with the<br>
                  Traditional Death Benefit
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.73%;">Guaranteed Death Benefit Value<br>
                  for a Contract with the<br>
                  Maximum Anniversary Value<br>
                  Death Benefit
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">Prior to 1<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:17.02%;">$ 100,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:22.81%;">$ 90,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:26.73%;">$ 105,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">$5,000 withdrawal (subject to an
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:22.81%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:26.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">8.5% withdrawal charge)
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:17.02%;">&#8211; [($5,000 &#247; (1 &#8211; 8.5%)]
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:22.81%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:26.73%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">Amount withdrawn
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:17.02%;">&#8211; $5,465
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">&#8211; [($5,465 &#247; 100,000) x 90,000]
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">&#8211; [($5,465 &#247; 100,000) x 105,000]
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:27.44%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">= - $4,919
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">= - $5,739
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">After 1<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:17.02%;">$ 94,535
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:22.81%;">$ 85,081
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:26.73%;">$ 99,261
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:27.44%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:22.81%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-bottom:4pt;padding-right:4pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:26.73%;">&#160;
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:8pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;36&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z1568420fb17f42eb8d2270280acaffcb" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:27.44%;">Financial Adviser Fee<br>
                  Withdrawal
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:17.02%;">Contract<br>
                  Value
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:22.81%;">Guaranteed Death Benefit<br>
                  Value for a Contract with the<br>
                  Traditional Death Benefit
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.73%;">Guaranteed Death Benefit Value<br>
                  for a Contract with the<br>
                  Maximum Anniversary Value<br>
                  Death Benefit
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">Prior to 2<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:17.02%;">$ 97,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:22.81%;">$ 85,081
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:26.73%;">$ 99,261
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">$5,000 withdrawal (not subject to a
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:22.81%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:26.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">withdrawal charge)
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:17.02%;">&#8211; $5,000
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">&#8211; [($5,000 &#247; 97,000) x 85,081]
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">&#8211; [($5,000 &#247; 97,000) x 99,261]
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:27.44%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">= - $4,386
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">= - $5,117
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">After 2<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:17.02%;">$ 92,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:22.81%;">$ 80,695
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:26.73%;">$ 94,414
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:27.44%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:22.81%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:4pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:26.73%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:27.44%;">Prior to 3<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:17.02%;">$ 80,0000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:22.81%;">$ 80,695
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:26.73%;">$ 94,414
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">$5,000 withdrawal (not subject to a
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:17.02%;">&#8211; $5,000
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">&#8211; [($5,000 &#247; 80,000) x 80,695]
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">&#8211; [($5,000 &#247; 80,000) x 94,414]
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">withdrawal charge)
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:17.02%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">= - $5,044
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">= - $5,844
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:27.44%;">After 3<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> years withdrawal
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:17.02%;">$ 75,000
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:22.81%;">$ 75,651
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:26.73%;">$ 88,260
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The death benefit is the greater of the Contract
          Value, or the Guaranteed Death Benefit Value, so the death benefit would be:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z9d3f1c2984b8412d91c83b50164af49a" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">$94,535 Contract Value under the Traditional Death Benefit, or the $99,261 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the first adviser fee.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">$92,000 Contract Value under the Traditional Death Benefit, or the $94,414 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the second adviser fee.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">$75,651 Guaranteed Death Benefit Value under the Traditional Death Benefit, or the $88,260 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the third adviser fee.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">When the Contract Ends</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract ends when:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="ze339a85865594b41b363aa47e893f9e1" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">all applicable phases of the Contract (Accumulation Phase and/or Annuity Phase) have ended, and/or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">if we received a Valid Claim, all applicable death benefit payments have been made.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">For example, if you take a full withdrawal of the
          total Contract Value, both the Accumulation Phase and the Contract end even though the Annuity Phase never began and we did not make any death benefit payments.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">2.<font style="text-transform:uppercase;">&#160;&#160;Ownership,
            Annuitant, Determining Life, Beneficiary, and Payee</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Owner</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Owner designated at Contract issue has all the
          rights under the Contract. The Owner may be an individual, or a non-individual (e.g. a trust, tax-exempt entity, or corporation). Qualified Contracts and non-individually owned Contracts can only have one Owner. A <font style="font-weight:bold;">Qualified
            Contract</font> is purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Joint Owner</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A Non-Qualified Contract can be owned by up to two
          individual Owners <font style="font-weight:bold;">(Joint Owners)</font>. We generally require the signature of both Joint Owners on any forms that are submitted to our Service Center.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Annuitant</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Annuitant is the individual on whose life we
          base Annuity Payments. Subject to our approval, you designate an Annuitant when you purchase a Contract. For Qualified Contracts, before the Annuity Date the Owner must be the Annuitant unless the Contract is owned by a qualified plan or is part
          of a custodial arrangement. You can change the Annuitant on an individually owned Non-Qualified Contract at any time before the Annuity Date. <font style="font-style:italic;font-weight:bold;">You cannot change the Annuitant if the Owner is a
            non-individual</font>. Subject to our approval, you can add a joint Annuitant on the Annuity Date. For Qualified Contracts, the ability to add a joint Annuitant is subject to any plan requirements associated with the</div>
      </div>
      <div type="Block" style="margin-top:17pt;width:100%;">
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;37&#160;</div>
      </div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_4">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">Contract. For individually owned Contracts, if the Annuitant who
          is not an Owner dies before the Annuity Date, the sole Owner (or younger Joint Owner) automatically becomes the new Annuitant, but the Owner can subsequently name another Annuitant.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Designating different persons as Owner(s) and
          Annuitant(s) can have important impacts on whether a death benefit is paid, and on who receives it as indicated below<font style="font-weight:Normal;">. For more examples, please see the Appendix A to the Form N-4 SAI. </font>Use care when
          designating Owners and Annuitants, and consult your Financial Professional if you have questions<font style="font-weight:Normal;">.</font></div>
      </div>
      <div type="Block" style="margin-top:601pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;38&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_5">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: uppercase;">Upon the Death of a Sole Owner<br>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
      </div>
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        <div type="Block" style="float:left;overflow:hidden;position:relative;width:48.40%;">
          <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Action if the Contract is in the Accumulation Phase</div>
          <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="2" id="z7b03a1c1b0f94198af0c40c7197504a1" style="border-collapse:collapse;empty-cells:show;margin-top:8.5pt;width:100%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:94.12%;">We pay a death benefit to the Beneficiary unless the Beneficiary is the surviving spouse and continues the Contract.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:94.12%;">If the deceased Owner was a Determining Life and the surviving spouse Beneficiary continues the Contract:
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="2" id="z1bea75cf54dd43d6964a0c04e1de6bf4" style="border-collapse:collapse;empty-cells:show;margin-left:5.88%;margin-top:3pt;width:94.12%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">we increase the Contract Value to equal the Guaranteed Death Benefit Value if greater and available, and the death benefit ends,
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">the surviving spouse becomes the new Owner,
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">the Accumulation Phase continues, and
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:93.75%;">upon the surviving spouse&#8217;s death, his or her Beneficiary(s) receives the Contract Value.
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="0" id="z0b310753cac64112be38043c725bcbe0" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:94.12%;">If the deceased Owner was not a Determining Life, the Traditional Death Benefit&#160;or Maximum Anniversary Value Death Benefit are not available and the Beneficiary(s) receives the Contract Value.
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div type="Block" style="float:right;overflow:hidden;position:relative;width:48.40%;">
          <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Action if the Contract is in the Annuity Phase</div>
          <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="2" id="z037c3e84f65c4211a8db3332d8bc2eb9" style="border-collapse:collapse;empty-cells:show;margin-top:8.5pt;width:100%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:94.12%;">The Beneficiary becomes the Payee. If we are still required to make Annuity Payments under the selected Annuity Option, the Beneficiary also becomes the new Owner.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:94.12%;">If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:94.12%;">If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="2" id="z0c8809d9ef114d1895ff67c35e5a643f" style="border-collapse:collapse;empty-cells:show;margin-left:5.88%;margin-top:2pt;width:94.12%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">Annuity Option 1 or 3, payments end.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">Annuity Option 2 or 4, payments end when the guaranteed period ends.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:93.75%;">Annuity Option 5, payments end and the Payee may receive a lump sum refund.
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:6.25%;">&#8211;&#8194;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:93.75%;">For more information on Annuity Options, please see section 8.
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="0" id="z944ed496504d4378a03963707c6e312c" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:5.88%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:94.12%;">If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.
                  </td>
                </tr>

            </table>
          </div>
        </div>
      </div>
      <div style="clear:both;">&#160;
        <div type="Block" style="clear:both;padding-top:11pt;width:100%;">
          <div style="clear: both; color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Determining Life (Lives)</div>
          <div style="clear: both; color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Determining Life (Lives) are the
            individuals on whose life we base the Guaranteed Death Benefit Value provided by the Traditional Death Benefit&#160;or Maximum Anniversary Value Death Benefit. We establish the Determining Life (Lives) at Contract issue. For an individually owned
            Contract the Determining Life (Lives) are the Owner(s). For a non-individually owned Contract the Determining Life is the Annuitant. After the Issue Date the Determining Life (Lives) only change if:</div>
          <div style="text-align:left;">
            <table cellspacing="0" cellpadding="2" id="z7eb4a069acb54fe39d5805018ee8351e" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">you remove a Joint Owner due to divorce, then we also remove that person as a Determining Life, or
                  </td>
                </tr>
                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                  </td>
                  <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">you establish a jointly owned Non-Qualified Contract and change ownership to a Trust, then we remove the prior Owner who is not the Annuitant as a Determining Life.
                  </td>
                </tr>

            </table>
          </div>
          <div style="clear: both; color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Beneficiary</div>
          <div style="clear: both; color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Beneficiary is the person(s) or
            entity you designate to receive any death benefit. You can change the Beneficiary or contingent Beneficiary at any time before your death unless you name an irrevocable Beneficiary. If a Beneficiary dies before you, or you and a Beneficiary die
            simultaneously as defined by applicable state law or regulation, that Beneficiary&#8217;s interest in this Contract ends unless your Beneficiary designation specifies otherwise. If there are no surviving primary Beneficiaries, we pay the death
            benefit to the contingent Beneficiaries who survive you. If there are no surviving Beneficiaries or if there is no named Beneficiary, we pay the death benefit to your estate or the Owner if the Owner is a non-individual.</div>
          <div style="text-align:center;">
            <table cellspacing="0" cellpadding="0" id="z90e780f66cc84eb391ce5f684b60cb6e" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:9pt;width:99.60%;">

                <tr style="page-break-inside:avoid;">
                  <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">FOR JOINTLY OWNED CONTRACTS:<font style="font-style:Normal;font-weight:Normal;"> The sole primary Beneficiary is the surviving Joint Owner regardless of any other
                      named primary Beneficiaries. If both Joint Owners die simultaneously as defined by applicable state law or regulation, we pay the death benefit to the named contingent Beneficiaries or equally to the estate of the Joint Owners if
                      there are no named contingent Beneficiaries.</font>
                  </td>
                </tr>

            </table>
          </div>
          <div style="clear: both; color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Payee</div>
          <div style="clear: both; color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Payee is the person or entity who
            receives Annuity Payments during the Annuity Phase. The Owner receives tax reporting on those payments. Generally we require the Payee to be an Owner. However, we may allow you to name a charitable trust, financial institution, qualified plan,
            or an individual specified in a court order as a Payee subject to our approval. For Qualified Contracts owned by a qualified plan, the qualified plan must be the Payee.</div>
        </div>
      </div>
      <div type="Block" style="padding-top:38pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;39&#160;</div>
      </div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_6">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Assignments, Changes of Ownership and Other
          Transfers of Contract Rights</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can assign your rights under this Contract to
          someone else during the Accumulation Phase. An assignment may be absolute or limited, and includes changes of ownership, collateral assignments, or any other transfer of specific Contract rights. After an assignment, you may need the consent of
          the assignee of record to exercise certain Contract rights depending on the type of assignment and the rights assigned.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract cannot be assigned without our
          consent. You must submit your request to assign the Contract in writing to our Service Center &#160;and we must approve it in writing. To the extent permitted by state law, we reserve the right to refuse to consent to any assignment at any time on a
          nondiscriminatory basis. We will not consent if the assignment would violate or result in noncompliance with any applicable state or federal law or regulation.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Upon our consent, we record the assignment. We are
          not responsible for the validity or effect of the assignment. We are not liable for any actions we take or payments we make before we receive your request in Good Order and record it. A request is in &#8220;<font style="font-weight:bold;">Good Order</font>&#8221;
          when it contains all the information we require to process it. Assigning the Contract does not change, revoke or replace the originally named Annuitant or Beneficiary; if you also want to change the Annuitant or Beneficiary you must make a
          separate request.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zfc18a1bf7bc14b469bdccc78b21d8460" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">An
                    assignment may be a taxable event</font>. In addition, there are other restrictions on changing the ownership of a Qualified Contract and Qualified Contracts generally cannot be assigned absolutely or on a limited basis. <font style="font-style:italic;font-weight:bold;">You should consult with your tax adviser before assigning this Contract</font>.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; <font style="font-weight:bold;">An assignment will only change the Determining Life (Lives) if it involves removing a Joint Owner due to divorce, or replacing Joint Owners with a Trust.</font>
                </td>
              </tr>

          </table>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">3.<font style="text-transform:uppercase;">&#160;&#160;Purchasing
            the Contract</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Purchase Requirements</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">To purchase this Contract, on the Issue Date all
          Owners and the Annuitant must be:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z8c7698aa670d40f0baae5548815a8eb6" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">age 80 or younger, or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">age 75 or younger if you select the Maximum Anniversary Value Death Benefit.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Purchase Payment requirements for this Contract
          are as follows.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z8c2b8b481d8d4adc8b13cf41c79750ba" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The minimum initial Purchase Payment due on the Issue Date is $10,000.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">You can make additional Purchase Payments of $50 or more during the Accumulation Phase.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We do not accept additional Purchase Payments on or after the Annuity Date.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">The maximum total Purchase Payments we accept without our prior approval is $1 million.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We may, at our sole discretion, waive the minimum
          Purchase Payment requirements.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Once we receive your initial Purchase Payment and
          all necessary information in Good Order at our Service Center, we issue the Contract within two Business Days and allocate your payment to your selected Allocation Options. If the Issue Date is the same as the Index Effective Date we apply any
          part of your initial Purchase Payment you allocate to the Index Options directly to the Index Options. If the Issue Date is not the Index Effective Date, we hold any part of your initial Purchase Payment you allocate to the Index Options in the
          AZL Government Money Market Fund before we transfer it to your selected Index Options. If you do not give us all of the information we need, we contact you or your Financial Professional. If for some reason we are unable to complete this process
          within five Business Days, we either send back your Purchase Payment or get your permission to keep it until we get all of the necessary information. If you make additional Purchase Payments, we add this money to your Contract on the Business Day
          we receive it in Good Order.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you submit a Purchase Payment and/or application
          to your Financial Professional, we do not begin processing the payment and/or application until we receive it.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may terminate your ability to make additional
          Purchase Payments because we reserve the right to decline any or all Purchase Payments at any time on a nondiscriminatory basis<font style="font-weight:Normal;">. This applies to Contracts issued in all states except as disclosed in Appendix G.
            If mandated under applicable law, we may be required to reject a Purchase Payment. </font>If we exercise our right to decline additional Purchase Payments, this may limit your ability to fund your Contract&#8217;s guaranteed benefits such as the
          Traditional Death Benefit or Maximum Anniversary Value Death Benefit.</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;40&#160;</div>
      </div>
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    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_7">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Applications Sent Electronically</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We accept manually signed applications that are in
          Good Order and are sent by fax, or email, or uploaded to our website. It is important to verify receipt of any faxed application, or to receive a confirmation number when using email or the web. We are not liable for applications that we do not
          receive. A manually signed application sent by fax, email or over the web is considered the same as an application delivered by mail. Our electronic systems (fax, email or website) may not always be available; any electronic system can experience
          outages or slowdowns which may delay application processing. Although we have taken precautions to help our system handle heavy use, we cannot promise complete reliability. If you experience problems, please submit your written application by
          mail to our Service Center. We reserve the right to discontinue or modify our electronic application policy at any time and for any reason.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Allocation of Purchase Payments and Contract Value
          Transfers</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The allocation instructions you provide on your
          application automatically become your Purchase Payment default instructions. (In your Contract, Purchase Payment default instructions are called future allocation instructions.) We use these default instructions for all Purchase Payments we
          receive unless you change them, or give us alternate allocation instructions specific to an individual Purchase Payment. <font style="font-style:italic;font-weight:bold;">We only allow Purchase Payments to move into the Index Options on the
            Index Effective Date and on subsequent Index Anniversaries.</font> As a result, we hold Purchase Payments&#160;allocated to the Index Options we receive on days other than the Index Effective Date or an Index Anniversary in the AZL Government Money
          Market Fund until we transfer them to your selected Index Options according to your Purchase Payment default instructions. On the Index Effective Date we rebalance or reallocate your total Contract Value among all of your selected Allocation
          Options according to your Purchase Payment default instructions. For additional Purchase Payments we receive <font style="font-style:italic;font-weight:bold;">after</font> the Index Effective Date, this transfer occurs on the next Index
          Anniversary and does not involve a reallocation of your total Contract Value. We apply any Purchase Payments&#160;allocated to the Index Options we receive on the Index Effective Date or on an Index Anniversary directly to the Index Options on that
          day; these Purchase Payments are not held in the AZL Government Money Market Fund.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We only allow Variable Account Value transfers into
          Index Options and Index Option Value transfers between Index Options on Term End Dates. We do not allow assets to move into an established Index Option until the Term End Date. If you request to transfer into an established Index Option on an
          Index Anniversary that is not a Term End Date, we will transfer those assets into the same Index Option with a new Term Start Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you only select the 1-year Term Index Options,
          you can automatically reallocate your total Contract Value annually by providing us with instructions (see section 4, Optional Reallocation Program for 1-year Term Index Options). However, you cannot automatically reallocate your total Contract
          Value annually on each Term End Date if you select a 3-year Term Index Option.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You select the Index Effective Date when you
          purchase your Contract. It can be any Business Day up to and including the first Quarterly Contract Anniversary, but it cannot be the 29th, 30th or 31st of a month.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z46f98e3afb224b7b88ed9086be65acef" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:28.54%;">On your application if you select&#8230;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:71.46%;">Your Index Effective Date will be either&#8230;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:28.54%;">the earliest Index Effective Date
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:71.46%;">&#8226;&#8194;your Issue Date, or<br>
                  &#8226;&#8194;the first Business Day of the next month if the Issue Date is the 29th, 30th, or 31st of a month
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:28.54%;">the deferred Index Effective Date
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:71.46%;">&#8226;&#8194;your first Quarterly Contract Anniversary, or<br>
                  &#8226;&#8194;the next Business Day if the first Quarterly Contract Anniversary occurs on a non-Business Day, or the first Business Day of the next month if the first Quarterly Contract Anniversary is the 29th, 30th, or 31st of a month
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">You should be aware that, generally, DPSCs, Precision
          Rates, and Caps could change every seven calendar days. However, these rates are guaranteed to be available during the period stated on our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font> and
          cannot be superseded until that period ends. If you select the earliest Index Effective Date or an Index Effective Date that is within the guaranteed period applicable to the initial rates in effect on the Issue Date, the initial rates available
          for review on your Issue Date will be the rates on your Index Effective Date. However, if you select an Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision
          Rates, and Caps may change and be less advantageous to you. Furthermore, if the Index Effective Date is after the end of the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance
          charge if you then elect to cancel the Contract after the free look period. You may review future rates at least seven calendar days before their</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;41&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">effectiveness at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/indexratesnf</font>. You (or your Financial Professional, if authorized) can change your Index Effective Date at any time before it occurs to be an earlier or later date by
          submitting a request. <font style="font-weight:Normal;">However, your new Index Effective Date cannot be later than the deferred Index Effective Date listed above. We must receive your request in Good Order at our Service Center before the end
            of the Business Day on which you want the Index Effective Date to occur. Once your Index Effective Date occurs, all Index Options for your Contract will have the same Index Anniversary.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can change your Purchase Payment default
          instructions at any time without fee or penalty. These changes are effective on the Business Day we receive them in Good Order at our Service Center. We accept changes to Purchase Payment default instructions from any Owner unless you instruct
          otherwise. We may allow you to authorize someone else to change these default instructions on your behalf. <font style="font-style:italic;font-weight:bold;">Changes to your Purchase Payment default instructions do not reallocate or transfer
            existing Index Option Values on the Term End Date</font>.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We notify you at least 30 days in advance of each
          Index Anniversary as a reminder that on the upcoming anniversary you may transfer&#160;Variable Account Value to the Index Options, and you may transfer Index Option Value between Index Options. Transfers between Allocation Options do not change your
          Purchase Payment default instructions. For more information, see section 5, Variable Options &#8211; Electronic Transfer and Allocation Instructions. On each Term End Date, if we have not received transfer instructions from you, and you are not
          participating in the 1-year Term Index Option reallocation program, all assets invested continue to be invested in the Index Options at the renewal DPSCs, Precision Rates, and Caps.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You cannot transfer Index Option Value to the
          Variable Options except on every sixth Index Anniversary, <font style="font-style:italic;font-weight:bold;">at which point you can do so even if the assets you wish to transfer have been in the Index Options for less than six full years</font>.
          <font style="font-style:italic;font-weight:bold;">However,</font> <font style="font-style:italic;font-weight:bold;">if the sixth Index Anniversary is not a Term End Date and you would like to transfer out of a 3-year Term Index Option to a
            Variable Option you must request that we execute a Performance Lock on that Index Option on or before the sixth Index Anniversary. </font>If you request to transfer Index Option Value to the Variable Options on a sixth Index Anniversary this
          request automatically cancels any prior transfer instructions you gave to us regarding moving Variable Account Value to the Index Options. We must receive all Index Option transfer instructions in Good Order at our Service Center before the end
          of the Business Day on the Term End Date (or the next Business Day if the Term End Date is a non-Business Day).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can transfer Variable Account Value among the
          Variable Options on any Business Day, except that any amount held in the AZL Government Money Market Fund that is set to be allocated to an Index Option on the Index Effective Date or an Index Anniversary will not be transferred to the Index
          Option if it is transferred to another Variable Option.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z40884210a60945e2a08423b483be5c3c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; In order to apply Purchase Payments we receive <font style="font-style:italic;font-weight:bold;">after</font> the Index Effective Date to your selected Index Option(s) on the next Index Anniversary, we must receive them <font style="font-weight:bold;text-decoration:underline;">before</font> the end of the Business Day on the Index Anniversary (or before the end of the <font style="font-weight:bold;text-decoration:underline;">prior</font> Business Day if the
                  anniversary is a non-Business Day). Variable Options are subject to Contract fees and expenses (e.g. m&amp;e charge) and market risk. Assets you allocate to them may lose value, <font style="font-style:italic;font-weight:bold;">including
                    any Purchase Payments we hold in the AZL Government Money Market before transferring them to your selected Index Options</font>.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Automatic Investment Plan (AIP)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The AIP makes additional Purchase Payments to the
          Contract during the Accumulation Phase on a monthly or quarterly basis by electronic money transfer from your savings, checking or brokerage account. You can participate in AIP by completing our AIP form. Our Service Center must receive your form
          in Good Order by the 15th of the month (or the next Business Day if the 15th is a non-Business day) in order for AIP to begin that same month. We process AIP Purchase Payments on the 20th of the month, or the next Business Day if the 20th is a
          non-Business Day. We allocate AIP Purchase Payments according to your Purchase Payment default instructions which must comply with the allocation requirements and restrictions stated in this section. We must receive your request to stop or change
          AIP at our Service Center before the end of the last Business Day immediately before the Business Day we process AIP to make the change that month. If you choose to begin Annuity Payments, AIP ends automatically on the last Business Day before
          the Annuity Date. We reserve the right to discontinue or modify AIP at any time and for any reason.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zca52293e12d447c3999a3048ba64a7fe" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">For Owners of Qualified Contracts, AIP is not available if you have an Inherited IRA Contract, an Inherited Roth IRA Contract, or if your Contract is funding a plan
                  that is tax qualified under Section 401 of the Code.
                </td>
              </tr>

          </table>
        </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;42&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Free Look/Right To Examine Period</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you change your mind about the Contract, you can
          cancel it within the free look period stated on the first page of your Contract. In most states, this is ten calendar days after you receive the Contract. If you cancel your Contract during the free look period, in most states we return your
          Contract Value as of the Business Day we receive your cancellation request in Good Order. This may be more or less than your initial Purchase Payment. In states that require us to return Purchase Payments less withdrawals if you cancel your
          Contract, we return Contract Value if greater.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">IRA Contracts require us to return Purchase
          Payments less withdrawals. If you cancel your IRA Contract, we return the greater of Purchase Payments less withdrawals or Contract Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If your cancellation request occurs after the Index
          Effective Date, your Contract Value will include the Daily Adjustment for amounts allocated to the Index Options.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Some states and certain IRA Contracts require
          return of Purchase Payments. For these Contracts, we reserve the right to hold your initial Purchase Payment to the AZL Government Money Market Fund until the free look period ends, and then re-allocate your Contract Value, less fees and
          expenses, according to your Purchase Payment default instructions. If we exercise this right, the Contract Value we use to determine your refund amount on a cancellation request will not include the Daily Adjustment as the Index Effective Date
          will not yet have occurred. Currently we only exercise this right on certain Contracts issued in California as noted in Appendix G. If we hold your initial Purchase Payment in the AZL Government Money Market Fund during the free look period and
          the requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the free look period that is not the 29th, 30th or 31st of the month. Then, if you:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z2a4a6d1531c34fd98a2d1942d74ebdfa" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">cancel your Contract during this time, we return the greater of Purchase Payments less withdrawals, or Contract Value. We do not assess a withdrawal charge or deduct any Contract fees or expenses other than the m&amp;e
                  charge if you cancel your Contract during the free look period. If you take a withdrawal (including financial adviser fees that you choose to have us pay from this Contract) that is subject to a withdrawal charge and then cancel your
                  Contract during the free look period, we will refund any previously deducted withdrawal charge upon cancellation.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">do not cancel your Contract during this time, we re-allocate your Contract Value according to your Purchase Payment default instructions after the free look period as follows:
                </td>
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          </table>
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        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z6660fd3b28604db7b1479a95fdfcf5d4" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">if your instructions include the Variable Options, we re-allocate this portion of your Contract Value on the next Business Day after the free look period.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">if your instructions include the Index Options, we re-allocate this portion of your Contract Value on the Index Effective Date.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">In the Contract, the free look provision is also
          called the right to examine.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">4.<font style="text-transform:uppercase;">&#160;&#160;Valuing Your
            Contract</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Your Contract Value is the total of the Variable
          Account Value and all Index Option Values.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="ze217791ca83546e8bfb08feaf8f616e7" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:49.38%;">Variable Account Value increases when&#8230;.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:50.62%;">Variable Account Value decreases when&#8230;.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:49.38%;">&#8226;&#8194;you add assets to a Variable Option by Purchase Payment or Contract Value transfer, or<br>
                  &#8226;&#8194;there is positive Variable Option performance
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:50.62%;">&#8226;&#8194;you take assets out of a Variable Option by withdrawal&#160;(including any financial adviser fees that you choose to have us pay from this Contract)
                  or Contract Value transfer,<br>
                  &#8226;&#8194;there is negative Variable Option performance, or<br>
                  &#8226;&#8194;we deduct Contract fees and expenses
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Contract<font style="font-style:Normal;font-weight:Normal;"> </font>fees and<font style="font-style:Normal;font-weight:Normal;"> </font>expenses
                  we deduct from the Variable Options include the m&amp;e charge, rider fee, contract maintenance charge, withdrawal charge and transfer fee as described in section 6, Expenses. Financial adviser fees that you choose to have us pay from
                  this Contract are described in section 1, The Contract. Variable Options include Purchase Payments we hold in the AZL Government Money Market Fund before transferring them to your selected Index Options.
                </td>
              </tr>

          </table>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;43&#160;</div>
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    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_10">
      </a>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Variable Options do not provide any protection
          against loss of principal. <font style="font-style:italic;font-weight:bold;">You can lose principal and previous earnings you allocate to the Variable Options. These losses can be significant</font>.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="ze28abba44cc34253809d85538d067357" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:49.38%;">Index Option Values increase when&#8230;.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:50.62%;">Index Option Values decrease when&#8230;.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:49.38%;">&#8226;&#8194;you add assets to an Index Option by Purchase Payment or Contract Value transfer, or<br>
                  &#8226;&#8194;you receive a positive Credit or Daily Adjustment
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:50.62%;">&#8226;&#8194;you take assets out of an Index Option by withdrawal&#160;(including any financial adviser fees that you choose to have us pay from this Contract) or
                  Contract Value transfer,<br>
                  &#8226;&#8194;you receive a negative Credit or Daily Adjustment, or<br>
                  &#8226;&#8194;we deduct Contract fees and expenses
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Contract fees and expenses we deduct from the Index Options include the rider fee, contract maintenance charge and withdrawal charge&#160; as described
                  in section 6, Expenses. Financial adviser fees that you choose to have us pay from this Contract are described in section 1, The Contract.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We apply transfers of Contract Value and Purchase
          Payments to the Index Options on the Index Effective Date and Index Anniversaries. We apply Credits to the Index Options on the Term End Dates. Contract expenses are deducted at different times during the Index Year as stated in section 6,
          Expenses. We pay financial adviser fees to your Financial Professional or the Financial Professional's firm upon written request as stated in section 1, The Contract. The Daily Adjustment applies to the&#160;Index Precision Strategy, Index Guard
          Strategy, or Index Performance Strategy on any Business Day other than the Term Start Date or the Term End Date. <font style="font-style:italic;font-weight:bold;">The Daily Adjustment does not apply to the Index Protection Strategy.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Credits are subject to the applicable Buffer, Floor,
          DPSC, Precision Rate, or Cap<font style="font-weight:Normal;">. Positive Credits are not guaranteed and Credits can be zero under all the Index Options. Credits can be negative after application of the 10% Buffer&#160;for any Index Option with the
            Index Precision Strategy or Index Performance Strategy, or negative down to the -10% Floor for any Index Option with the Index Guard Strategy. </font>A negative Performance Credit means that you can lose principal and previous earnings. <font style="font-style:italic;">These losses can be significant.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We require that the Contract Value after a partial
          withdrawal must be at least $2,000.* <font style="font-weight:bold;">We reserve the right to treat a partial withdrawal that reduces the Contract Value below this minimum as a full withdrawal.</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z88261e2d8ce749cea238253d2b385573" style="border-collapse:collapse;empty-cells:show;margin-top:1pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">*
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Does not apply to RMD payments under our minimum distribution program.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Determining Variable Account Value</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Separate Account holds the assets you allocate
          to the Variable Options, including Purchase Payments held in the AZL Government Money Market Fund before we transfer them to the Index Options. The Separate Account is divided into subaccounts, each of which invests exclusively in the shares of a
          single Variable Option.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We convert amounts you allocate to a Variable
          Option into subaccount accumulation units. Each subaccount&#8217;s daily price (accumulation unit value) is based on the Variable Option&#8217;s price. A Variable Option&#8217;s price is typically determined at the end of each Business Day,<font style="font-weight:bold;"> and any Purchase Payment received at or after the end of the current Business Day receives the next Business Day&#8217;s price</font>. A Variable Option's price reflects deduction of its operating expenses.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We calculate your Variable Account Value at the end
          of each Business Day by multiplying each subaccount&#8217;s accumulation unit value by its number of accumulation units, and adding those results together for all subaccounts.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On the Issue Date, the number of accumulation units
          in each subaccount is equal to the amount allocated to the subaccount divided by its accumulation unit value. At the end of each Business Day, the number of subaccount accumulation units:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z898fe123979444cbb52945e65819e9de" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">increase<font style="font-weight:Normal;"> when you add assets to a Variable Option by Purchase Payment or Contract Value transfer, and</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">decrease<font style="font-weight:Normal;"> when assets are removed from a Variable Option by transfer, withdrawals you request&#160;(including any financial adviser fees that you choose to have us pay from
                    this Contract), or when we deduct Contract fees and expenses other than the m&amp;e charge. The m&amp;e charge reduces the subaccount accumulation unit value, not the number of subaccount accumulation units.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We arbitrarily set the initial accumulation unit
          value for each subaccount. At the end of each Business Day, we determine the new accumulation unit value for each subaccount by multiplying the prior Business Day&#8217;s accumulation unit value by the Variable Option&#8217;s percentage change in price since
          the prior Business Day. The percentage change in price includes the Variable Option&#8217;s market performance and the assessed m&amp;e charge.</div>
      </div>
      <div type="Block" style="margin-top:19pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;44&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_11">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Example</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z0bf01f327fd74f03a3460b02c54cacda" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We receive at our Service Center an additional Purchase Payment of $3,000 from you before the end of the Business Day.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">When the New York Stock Exchange closes on that Business Day, we determine that the accumulation unit value is $13.25 for the subaccount of your selected Variable Option.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">We then divide $3,000 by $13.25 and credit your Contract that night with 226.415094 subaccount accumulation units for your selected Variable Option.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Determining Index Option Values</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We calculate an Index Option Value for each Index
          Option at the end of each Business Day. Generally, the Index Option Value is equal to the Index Option Base plus any applicable Daily Adjustment. The Daily Adjustment applies to any Index Option with the Index Precision Strategy, Index Guard
          Strategy, or Index Performance Strategy&#160;on Business Days other than the Term Start Date or the Term End Date. It does not apply to any Index Option with the Index Protection Strategy. The Daily Adjustment can be positive or negative and is
          discussed later in this section.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On the first Term Start Date, both the Index Option
          Value and the Index Option Base for each of your selected Index Options are initially equal to the amount of:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z5da74d3bfd1b425c8ece312b03963fcd" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">any Purchase Payment received that day which you allocated to that Index Option, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">any Contract Value transferred into that Index Option.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">At the end of each subsequent Business Day for each
          selected Index Option, we first either apply:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z170f01e9c557470f934483405784a0ca" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the Daily Adjustment if this is not the Term End Date&#160;and this is an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">a Credit if this is the Term End Date.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We calculate Credits as described under
          &#8220;Calculating Credits&#8221; next in this section and apply them as follows:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zc796cd39c0da4956a88f9ec0b242dcb7" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We multiply each Index Option Base by its Credit and add this amount to its Index Option Base.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Then we set each Index Option Value equal to its Index Option Base.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Lastly, we increase and/or decrease each Index
          Option Base and Index Option Value for additional Purchase Payments, transfers, partial withdrawals you take&#160;or financial adviser fees that you choose to have us pay from this Contract&#160;(including any withdrawal charge), and deductions we make for
          Contract fees and expenses.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z5fa4cd6c90674118abc7f173831fb84c" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Additional Purchase Payments received on the Term End Date and allocated to this Index Option, and transfers of Variable Account Value or Index Option Value into this Index Option, increase these values by the dollar amount
                  allocated or transferred.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Transfers out of this Index Option reduce these values by the dollar amount removed from the Index Option.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Partial withdrawals you take&#160;or financial adviser fees that you choose to have us pay from this Contract&#160;(including any withdrawal charge), and deductions we make for Contract fees and expenses reduce
                  these values by the dollar amount withdrawn from the Index Option.
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zf09218bdc59b4173bdae5dc8e28a6710" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">We deduct partial withdrawals you take&#160;or financial adviser fees that you choose to have us pay from this Contract&#160;(including any withdrawal charge), and deductions we make for Contract fees and expenses from the Index
                  Options proportionately based on the percentage of Contract Value in each Index Option using values determined at the end of the Business Day before we process the withdrawal or deduct the Contract expense. However, if you specifically
                  direct us to take a partial withdrawal from a specific Index Option we reduce that Index Option Value by the dollar amount you specify (including any withdrawal charge).
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Example</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zf324401903dc4a40866811a7a1d6dd14" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Your Contract Value is $100,000 and you selected two Index Options. The first Index Option has an Index Option Value of $75,000 and an Index Option Base of $72,000. The second Index Option has an Index Option Value of
                  $25,000 and an Index Option Base of $22,000. You take a $10,000 partial withdrawal (including any withdrawal charge).
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;45&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_12">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z0c9c88e372c34b22a68a480f71a00262" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">This partial withdrawal reduces your Index Option Value by the percentage of Contract Value in each Index Option (Index Option Value &#247; Contract Value).
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zda4bb263dc58476faef3d6a3602b49aa" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">For the first Index Option this percentage is 75% ($75,000 &#247; $100,000) and the $10,000 partial withdrawal reduces this value by $7,500 ($10,000 x 75%). For the second Index Option this percentage is 25% ($25,000 &#247; $100,000)
                  and the $10,000 partial withdrawal reduces this value by $2,500 ($10,000 x 25%).
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z505d55aea6a041cf8b32fb184d4f7b05" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value (amount withdrawn from Index Option Value &#247; Index Option Value).
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z1d8ebc595f464873991aba1d956645c6" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">For the first Index Option this percentage is 10% ($7,500 &#247; $75,000) and the $10,000 partial withdrawal reduces this value by $7,200 ($72,000 x 10%). For the second Index Option this percentage is also 10% ($2,500 &#247;
                  $25,000) and the $10,000 partial withdrawal reduces this value by $2,200 ($22,000 x 10%).
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="ze92d9674ae6a4a00af31f8cab5d8512b" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Deductions we make for Contract fees and expenses also reduce these values proportionately in the same way as a partial withdrawal.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z77b854fdef60483294bdc3c79963586e" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:bottom;width:35.34%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:30.33%;">First Index Option
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:32.33%;">Second Index Option
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:35.34%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.40%;">Index Option Value
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.93%;">Index Option Base
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.40%;">Index Option Value
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.93%;">Index Option Base
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:35.34%;">Prior to partial withdrawal
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:14.40%;">$ 75,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:13.93%;">$ 72,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:14.40%;">$ 25,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:15.93%;">$ 22,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:35.34%;">$10,000 partial withdrawal
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:14.40%;">&#8211; $7,500
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:13.93%;">&#8211; $7,200
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:14.40%;">&#8211; $2,500
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt; padding-top:1.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:15.93%;">&#8211; $2,200
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:35.34%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:14.40%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:13.93%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:14.40%;">&#160;
                </td>
                <td style="padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="padding-right:4pt;padding-top:2pt;text-align:center;vertical-align:top;width:15.93%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:35.34%;">After partial withdrawal
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:14.40%;">$ 67,500
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:13.93%;">$ 64,800
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:14.40%;">$ 22,500
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:15.93%;">$ 19,800
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: center; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z20b954e993974905ad39a26c44b8932c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">Amounts
                    removed from the Index Options during the Term for partial withdrawals you take&#160;(including any financial adviser fees that you choose to have us pay from this Contract) and deductions we make for Contract fees and expenses do not
                    receive a Credit on the Term End Date</font>. However, the remaining amount in the Index Options is eligible for a Credit on the Term End Date.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; You cannot specify from which Allocation Option we deduct Contract fees and expenses; we deduct Contract fees and&#160;expenses from each Allocation Option proportionately based on the percentage of Contract Value in each Allocation
                  Option. However, you can specify from which Allocation Option we deduct a partial withdrawal and any financial adviser fees that you choose to have us pay from this Contract. <font style="font-weight:bold;">There is no consistent
                    financial advantage to deducting a partial withdrawal from any specific Allocation Option.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Calculating Credits</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We base Credits on Index Values and Index Returns.
          We measure Index Values on the Term Start Date and Term End Date using the Index&#8217;s price at the end of the Business Day as provided by Bloomberg or another market source if Bloomberg is not available. If the Term Start Date or Term End Date is a
          non-Business Day we use the next Business Day&#8217;s Index price. If you select the EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, we determine Index Returns without any exchange rate adjustment. <font style="font-style:italic;font-weight:bold;">Because we calculate Index Returns only on Term End Dates, the Index Return does not necessarily reflect the highest or lowest Index Values that occurred during the Term.</font></div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z29f9a69ce5eb4003bf32cd7158d6e150" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:18.00%;">Crediting Method
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.00%;">If Index Value is less than it was on the<br>
                  Term Start Date<br>
                  (i.e., Index Return is negative):
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.00%;">If Index Value is equal to or greater than it was on the Term Start Date<br>
                  (i.e., Index Return is zero or positive):
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:18.00%;">Index Protection Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Credit is zero
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Credit is equal to the DPSC set on the Term Start Date
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:18.00%;">Index Precision Strategy
                </td>
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the negative Index Return in excess of the 10% BufferIf the Index Return is&#8230;<br>
                  &#8226;&#8194;-8%, the Performance Credit is zero.<br>
                  &#8226;&#8194;-12%, the Performance Credit is -2%.
                </td>
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the Precision Rate set on the Term Start Date
                </td>
              </tr>

          </table>
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      <div type="Block" style="margin-top:68pt;width:100%;">
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;46&#160;</div>
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    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_13">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc069e52a383e447b86c8448294d335a5" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:18.00%;">Crediting Method
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:4pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.00%;">If Index Value is less than it was on the<br>
                  Term Start Date<br>
                  (i.e., Index Return is negative):
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.00%;">If Index Value is equal to or greater than it was on the Term Start Date<br>
                  (i.e., Index Return is zero or positive):
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:18.00%;">Index Guard Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the negative Index Return subject to the -10% FloorIf the Index Return is&#8230;<br>
                  &#8226;&#8194;-8%, the Performance Credit is -8%.<br>
                  &#8226;&#8194;-12%, the Performance Credit is -10%.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the Index Return up to the Cap set on the Term Start DateAssume the Cap is 8%. If the Index Return is&#8230;<br>
                  &#8226;&#8194;0%, the Performance Credit is zero.<br>
                  &#8226;&#8194;6%, the Performance Credit is 6%.<br>
                  &#8226;&#8194;12%, the Performance Credit is 8%.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:18.00%;">Index Performance Strategy &#8211; 1-year Term
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the negative Index Return in excess of the 10% Buffer.If the Index Return for the year is&#8230;<br>
                  &#8226;&#8194;-8%, the Performance Credit is zero.<br>
                  &#8226;&#8194;-12%, the Performance Credit is -2%.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the Index Return up to the Cap set on the Term Start Date<br>
                  Assume the Cap for the 1-year Term is 8%. If the Index Return for the year is&#8230;<br>
                  &#8226;&#8194;0%, the Performance Credit is zero.<br>
                  &#8226;&#8194;6%, the Performance Credit is 6%.<br>
                  &#8226;&#8194;12%, the Performance Credit is 8%.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:18.00%;">Index Performance Strategy &#8211; 3-year Term
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the negative Index Return in excess of the 10% Buffer.If the Index Return for
                  the year is&#8230;<br>
                  &#8226;&#8194;-8%, the Performance Credit is zero.<br>
                  &#8226;&#8194;-12%, the Performance Credit is -2%.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.00%;">Performance Credit is equal to the Index Return up to any Cap set on the Term Start Date<br>
                  Assume the Cap for the 3-year Term is 80%. If the Index Return for the Term is&#8230;<br>
                  &#8226;&#8194;0%, the Performance Credit is zero.<br>
                  &#8226;&#8194;65%, the Performance Credit is 65%.<br>
                  &#8226;&#8194;90%, the Performance Credit is 80%. <font style="font-style:italic;font-weight:bold;">If instead, the 3-year Term were uncapped the Performance Credit would be 90%.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Daily Adjustment&#160;for the Index Precision Strategy,
          Index Guard Strategy, and Index Performance Strategy</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We designed the Daily Adjustment to provide an
          Index Option Value during the Term on days other than the Term Start Date or the Term End Date. The Daily Adjustment can affect the amounts available for withdrawal, annuitization, payment of the death benefit, and the Contract Value used to
          determine the Charge Base and contract maintenance charge. It is discussed in the Summary of the Index Options - What is the Daily Adjustment?; and in Risk Factors &#8211; Risk of Negative Returns. The Daily Adjustment formula is described in Appendix
          B and in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This information is incorporated by reference into this prospectus. You can obtain a copy of Exhibit 99(b) by calling (800)
          624-0197, or visiting our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com</font>.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Performance Locks</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We must receive a manual Performance Lock request
          in Good Order before the end of the current Business Day to lock an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy on that day. Otherwise the Lock Date will occur on the next Business Day that
          your request is in Good Order. We do not allow Performance Locks to occur on Term End Dates. For requests submitted in writing, we do not consider the request to be received until it arrives at our Service Center.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You (or your Financial Professional, if authorized)
          can request an automatic Performance Lock based on targets you set only through your account on our website. When you establish your account you must provide us with an email address. You can set upper and/or lower targets for each of these Index
          Options each Term. <font style="font-style:italic;font-weight:bold;">Setting a target close to the current Index Option Value return may cause a Performance Lock to occur very quickly.</font> You can change or cancel targets at any time before
          we execute a Performance Lock. Each Index Option&#8217;s targets automatically expire on the earlier of the Lock Date, or the last Business Day before the Term End Date. You can also &#8220;over-ride&#8221; a target by requesting a manual Performance Lock before
          the target is reached. We determine if a target is reached using the Index Option Value return determined at the end of the prior Business Day using the prior day&#8217;s Daily Adjustment. We then execute the Performance Lock using the Index Option
          Value return determined at the end of Business Day on the Lock Date.<font style="font-style:italic;font-weight:bold;"> By setting targets you are authorizing us to automatically execute a Performance Lock at the end of the Business Day on the
            Lock Date upon which the target is reached, unless you cancel the lock. </font>We will send an email notice once the Daily Adjustment for an</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;47&#160;</div>
      </div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_14">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">Index Option reaches a target. To cancel an automatic Performance
          Lock after a target is reached, we must receive your request in Good Order <font style="font-weight:bold;">before</font> the end of the Business Day on the Lock Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For example, assume the Cap for the Index
          Performance Strategy 1-year Term with the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is 10.25% and you set a target of 9.50%. On a Tuesday, your Index Option Value return (which includes the Daily
          Adjustment) determined at the end of the Business Day is 9.63%. We will send you an email notice and assuming Wednesday is a Business Day, we will execute the Performance Lock on Wednesday (which will be your Lock Date) using the Index Option
          Value return determined at the end of the Business Day. If Wednesday is a non-Business Day, your Lock Date would instead be Thursday (assuming it is a Business Day). <font style="font-style:italic;font-weight:bold;">Note that the Index Option
            Value return on the Lock Date could be greater or less than your target of 9.50%, or Tuesday&#8217;s Index Option Value return of 9.63%.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A Performance Lock can be executed once each Term
          for each of these Index Options. A Performance Lock applies to the total Index Option Value in an Index Option, and not just a portion of that Index Option Value. We use the Daily Adjustment calculated at the end of the current Business Day on
          the Lock Date to determine your locked Index Option Value. This &#8220;locked&#8221; Index Option Value may be more or less than the &#8220;unlocked&#8221; Index Option Value that is available for your review on the Lock Date because the unlocked Index Option Value was
          determined at the end of the <font style="font-weight:bold;">prior</font> Business Day. After the Lock Date, the Index Option Value stays in the locked Index Option for the remainder of the Term, Daily Adjustments do not apply for the remainder
          of the Term and the locked Index Option Value will not receive a Performance Credit on the Term End Date. For example, assume you selected one Index Option and your Index Option Value available for review in your account today is $20,326. If
          before the end of the Business Day you request a Performance Lock, today is your Lock Date. If your Index Option Value at the end of the Business Day is $20,250, you will lock in this $20,250 and it will not change until the next Index
          Anniversary.&#160;&#160;However, a locked Index Option Value can decrease if you take a partial withdrawal or when we deduct a Contract fee, expense, or a financial adviser fee that you choose to have us pay from this Contract. On the next Index
          Anniversary that occurs on or immediately after the Lock Date, all locked Index Options will be unlocked, we will transfer the locked Index Option Value according to your instructions, and Daily Adjustments will again apply for the new Term. If
          you do not provide us with transfer instructions, the Index Option Value will remain in the same Index Option&#160;with a new Term Start Date. <font style="font-style:italic;font-weight:bold;">Performance Locks are not available for any Index Option
            with the Index Protection Strategy.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A Performance Lock can help eliminate doubt about
          future Index performance and possibly limit the impact of a negative Performance Credit you would otherwise receive. Because we transfer assets out of a locked Index Option on the Index Anniversary that occurs on or immediately after the Lock
          Date, executing a Performance Lock can also allow you to transfer assets out of a 3-year Term Index Option before the Term End Date if you execute the lock on or before the second Index Anniversary (or before the end of the&#160;<font style="font-weight:bold;text-decoration:underline;">prior</font>&#160;Business Day if the Index Anniversary is a non-Business Day) of the 3-year Term. The disadvantage of executing a Performance Lock is that the relevant Index Value could increase
          by the Term End Date, and you will not participate in that increase. In addition, if you execute a Performance Lock, you may receive less than the full protection of the Buffer or Floor that you would have received if you waited for us to apply
          the Performance Credit on the Term End Date.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Optional Reallocation Program for the 1-year Term
          Index Options</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Index Option performance may cause the percentage
          of total Index Option Value in each 1-year Term Index Option to change. Reallocating can help you maintain your selected 1-year Term Index Option allocation percentages. You can direct us to automatically reallocate your 1-year Term Index Option
          Values on each Term End Date (or on the next Business Day if the Term End Date is a non-Business Day) according to your instructions. We must receive your reallocation instructions in Good Order at our Service Center before the end of the
          Business Day we reallocate. We reserve the right to discontinue or modify the optional reallocation program at any time and for any reason. To end this program, we must receive your request at our Service Center before the end of the last
          Business Day immediately before the Term End Date.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z56619351a863496699d5d2f7d2040b85" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">You cannot participate in the Optional Reallocation Program if you select a 3-year Term Index Option. <font style="font-style:Normal;font-weight:Normal;">If you are
                    participating in this program and select a 3-year Term Index Option, on the Term Start Date your participation in this program ends and we will not reallocate your 1-year Term Index Option Values.</font>
                </td>
              </tr>

          </table>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">5.<font style="text-transform:uppercase;">&#160;&#160;Variable
            Options</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Information regarding each Variable Option, including
          its (i) name, (ii) investment objectives, (iii) investment adviser and any subadviser, (iv) current expenses, and (v) performance is available in Appendix H &#8211; Variable Options Available Under the Contract. Each Variable Option has issued a
          prospectus that contains more detailed</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;48&#160;</div>
      </div>
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    </div>
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    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_15">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">information about the Variable Option. You should read the
          prospectuses for the Variable Options carefully before investing. The Variable Options&#8217; prospectuses and other information can be found online at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/variableoptions</font>. You
          can also request this information at no cost by calling (800) 624-0197, by sending an email request to contact.us@allianzlife.com, or by contacting your Financial Professional.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">There are potential risks associated with this
          Contract&#8217;s Variable Options and their investment strategies. Depending on market conditions, you can gain or lose value by investing in the Variable Options. In the future, we may add, eliminate or substitute Variable Options to the extent
          permitted by the federal securities laws and, when required, the SEC.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Currently, the Variable Options are not publicly
          available mutual funds. They are available only as Variable Options in variable annuity contracts or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or
          retirement plans. A material conflict of interest may arise between insurance companies, owners of different types of contracts, and retirement plans or their participants. Each Variable Option's Board of Directors monitors for material
          conflicts, and determines what action, if any, should be taken to address any conflicts.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The names, investment objectives and policies of
          certain Variable Options may be similar to the names, investment objectives and policies of other portfolios managed by the same investment advisers. Although the names, objectives and policies may be similar, the Variable Options' investment
          results may be higher or lower than these other portfolios&#8217; results. The investment advisers cannot guarantee, and make no representation, that these similar funds' investment results will be comparable even though the Variable Options have the
          same names, investment advisers, objectives, and policies.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Each Variable Option offered by the Allianz
          Variable Insurance Products Fund of Funds Trust (Allianz VIP Fund of Funds Trust) is a &#8220;fund of funds&#8221; and diversifies its assets by investing primarily in shares of several other affiliated mutual funds.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Variable Options may pay 12b-1 fees to the
          Contracts&#8217; distributor, our affiliate, Allianz Life Financial Services, LLC, for distribution and/or administrative services. In addition, we may enter into certain arrangements under which we, or Allianz Life Financial Services, LLC, are
          compensated by the Variable Options' advisers, distributors and/or affiliates for administrative services and benefits we provide to these Variable Options. The compensation amount usually is based on the Variable Options' aggregate assets
          purchased through contracts we issue or administer. Some advisers may pay us more or less than others. The maximum service fee we currently receive from any variable investment option in any variable annuity contract we offer is 0.35% annually of
          the average aggregate amount invested by us in the variable investment options.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Allianz VIP Fund of Funds Trust underlying
          funds do not pay 12b-1 fees or service fees to the Trust, and the Trust does not charge 12b-1 fees or service fees. The Allianz VIP Fund of Funds Trust underlying funds or their advisers may pay service fees to us and our affiliates for providing
          customer service and other administrative services to you. Service fees may vary depending on the underlying fund.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We offer other variable annuity contracts that may
          invest in these Variable Options. These contracts may have different charges and may offer different benefits more appropriate to your needs. For more information about these contracts, please contact our Service Center.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Investment Management LLC, the Variable
          Options' investment adviser, is affiliated with us through common ownership.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Substitution of Variable Options and Limitation on
          Further Investments</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may substitute another Variable Option for one
          of your selected Variable Options, for any reason in our sole discretion. To the extent required by the Investment Company Act of 1940 or other applicable law, we do not substitute any shares without SEC approval and providing you notice. We may
          make substitutions with respect to your existing allocations, future Purchase Payment allocations, or both. New or substitute Variable Options may have different fees and expenses, and their availability may be limited to certain purchaser
          classes. We may limit further Variable Option allocations if marketing, tax or investment considerations warrant, or for any reason in our sole discretion. We may also close Variable Options to additional allocations. The fund companies that sell
          Variable Option shares to us, pursuant to participation agreements, may end those agreements and discontinue offering us their shares.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Transfers Between Variable Options</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can transfer Variable Account Value among the
          Variable Options on any Business Day, subject to the following restrictions. Currently, there is no maximum number of transfers allowed, but we may change this in the future. Transfers may be subject to a transfer fee as stated in section 6,
          Expenses.</div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;49&#160;</div>
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    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following applies to any transfer.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z73d9815b16064e63a31f86f9c4b87c21" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Your request for a transfer must clearly state the Variable Options involved and how much to transfer.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Your right to make transfers is subject to the Excessive Trading and Market Timing policy discussed later in this section.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Variable Account Value transfers between Variable Options do not change your Purchase Payment default instructions.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Any amount held in the AZL Government Money Market
          Fund that is set to be allocated to an Index Option on the Index Effective Date or an Index Anniversary will not be transferred to the Index Option if it is transferred to another Variable Option.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We process transfer requests based on prices next
          determined after we receive your request in Good Order at our Service Center. If we do not receive your transfer request <font style="font-weight:bold;">before</font> the end of the <font style="font-weight:bold;">current</font> Business Day,
          even if due to our delay in answering your call or a delay caused by our electronic systems, you receive the <font style="font-weight:bold;">next</font> Business Day&#8217;s prices. For jointly owned Contracts, unless you require us to obtain
          signatures from both Joint Owners, we accept transfer instructions from any Joint Owner. We may also allow you to authorize someone else to request transfers on your behalf.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Electronic Transfer and Allocation Instructions</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We use reasonable procedures to confirm that
          electronic transfer request or allocation instructions given to us are genuine. If we do not use such procedures, we may be liable for any losses due to unauthorized or fraudulent instructions. We record telephone instructions and log all fax,
          email and website instructions. We reserve the right to deny any transfer request or allocation instruction change, and to discontinue or modify our electronic instruction privileges at any time for any reason.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Please note that telephone, fax, email and/or the
          website may not always be available. Any electronic system, whether it is ours, yours, your service provider&#8217;s, or your Financial Professional&#8217;s, can experience outages or slowdowns for a variety of reasons, which may delay or prevent our
          processing of your transfer request or allocation instruction change. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability. If you are experiencing problems, you should submit your
          instructions in writing to our Service Center.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">By authorizing electronic instructions, you
          authorize us to accept and act upon these instructions for your Contract. There are risks associated with electronic communications that do not occur with a written request. Anyone authorizing or making such requests bears those risks. You should
          protect your website password, because the website is available to anyone with your password; we cannot verify that the person providing instructions on the website is you, or is authorized by you.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Excessive Trading and Market Timing</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We discourage and do not accommodate frequent
          transfers. We may restrict or modify your right to make transfers to prevent any use that we consider to be part of a market timing program.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Frequent transfers, programmed transfers, transfers
          into and then out of a Variable Option in a short period of time, and transfers of large amounts at one time (collectively referred to as &#8220;potentially disruptive trading&#8221;) may have harmful effects for other Owners, Annuitants and Beneficiaries.
          These risks and harmful effects include the following.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z3f81d3b6f0834a0981383bbceb5f956e" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Dilution of the interests of long-term investors in a Variable Option, if market timers or others transfer into a Variable Option at prices that are below their true value, or transfer out at prices above their true value.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">An adverse effect on portfolio management, such as causing a Variable Option to maintain a higher level of cash or causing a Variable Option to liquidate investments prematurely.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Increased brokerage and administrative expenses.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We attempt to protect our Owners and the Variable
          Options from potentially disruptive trading through our Excessive Trading and Market Timing policies and procedures. Under these policies and procedures, we may modify your transfer privileges for some or all of the Variable Options as follows:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z7cfa5c4b1a5943fe9a2d1e387bd4d298" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Limit transfer frequency (for example, prohibit more than one transfer a week, or more than two a month, etc.).
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Restrict the transfer method (for example, requiring all transfers be sent by first-class U.S. mail and rescinding electronic transfer privileges).
                </td>
              </tr>

          </table>
        </div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;50&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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      <div type="Block" style="width:100%;">
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          <table cellspacing="0" cellpadding="2" id="za97b338ccca446408793c786c0f24f1c" style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Require a minimum time period between each transfer into or out of the same Variable Option. Our current Excessive Trading and Market Timing policy, which is subject to change without notice, prohibits &#8220;round trips&#8221; within
                  14 calendar days. We do not include transfers into and/or out of the AZL Government Money Market Fund when available in your Contract or any automatic transfers made under any of our programs or Contract features. Round trips are
                  transfers into and back out of the same Variable Option, or transfers out of and back into the same Variable Option.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Refuse transfer requests made on your behalf by an asset allocation and/or market timing service.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Limit the dollar amount of any single Purchase Payment or transfer request to a Variable Option.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Prohibit transfers into specific Variable Options.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Impose other limitations or restrictions to the extent permitted by federal securities laws.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We also reserve the right to reject any specific
          Purchase Payment allocation or transfer request from any person if in the investment adviser&#8217;s, subadviser&#8217;s or our judgment, a Variable Option may be unable to invest effectively in accordance with its investment objectives and policies. This
          could occur, for example, where frequent or rapid trading causes the investment adviser to hold an excess of uninvested cash to meet redemption requests, or to sell investment positions to fund redemptions, thereby affecting Variable Option
          returns. Similarly, rapid or frequent trading may cause a Variable Option to incur excessive transaction fees, which also could affect performance.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We retain some discretion in determining what
          actions constitute potentially disruptive trading and in determining when and how to impose trading restrictions. Currently, we attempt to <font style="font-weight:bold;">deter</font> disruptive trading as follows. If a transfer(s) is/are
          identified as potentially disruptive trading, we may (but are not required to) send a warning letter. If the conduct continues and we determine it constitutes disruptive trading, we also impose transfer restrictions. Transfer restrictions may
          include refusing electronic transfers and requiring all transfers be sent by first-class U.S. mail. If the disruptive trading affects only a single Variable Option, we may prohibit transfers into or Purchase Payment allocations to that Variable
          Option. We do not enter into agreements permitting market timing and would not permit activities determined to be disruptive trading to continue. We also reserve the right to impose transfer restrictions if we determine, in our sole discretion,
          that transfers disadvantage other Owners. We notify you in writing if we impose transfer restrictions on you.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We adopted these policies and procedures as a
          preventative measure to protect all Owners from the potential effects of disruptive trading, while also abiding by your legitimate interest in diversifying your investment and making periodic asset re-allocations based on your personal situation
          or overall market conditions. We attempt to protect your interests in making legitimate transfers by providing reasonable and convenient transfer methods that do not harm other Owners.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may make exceptions when imposing transfer
          restrictions if we determine a transfer is appropriate, although it may technically violate our policies and procedures discussed here. In determining if a transfer is appropriate, we may, but are not required to, take into consideration its
          relative size, whether it was purely a defensive transfer into the AZL Government Money Market Fund, and whether it involved an error or similar event. We may also reinstate electronic transfer privileges after we revoke them, but we do not
          reinstate these privileges if we believe they might be used for future disruptive trading.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We cannot guarantee the following.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zcab99aa03d444277b14f03564c9ac80a" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Our monitoring will be 100% successful in detecting all potentially disruptive trading activity.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Revoking electronic transfer privileges will successfully deter all potentially disruptive trading.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">In addition, some of the Variable Options are
          available to other insurance companies and we do not know if they adopted policies and procedures to detect and deter potentially disruptive trading, or what their policies and procedures might be. Because we may not be completely successful at
          detecting and preventing market timing activities, and other insurance companies that offer the Variable Options may not have adopted adequate market timing procedures, there is some risk that market timing activity may occur and negatively
          affect other Owners.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may, without prior notice to any party, take
          whatever action we deem appropriate to comply with any state or federal regulatory requirement. In addition, purchase orders for a Variable Option&#8217;s shares are subject to acceptance by that Variable Option&#8217;s manager. We reserve the right to
          reject, without prior notice, any Variable Option transfer request or Purchase Payment if the purchase order is rejected by the investment manager. We have entered into agreements required under SEC Rule 22c-2 (Rule 22c-2 agreements) whereby,
          upon request by an underlying fund or its designee, we must provide information about you and your trading activities to the underlying fund or its designee. Under the terms of the Rule 22c-2 agreements, we are required to: (1) provide details
          concerning every purchase, redemption, transfer, or exchange of Variable Options during a specified period; and (2) restrict your trading activity if the party receiving the</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;51&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_18">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">information so requests. Under certain Rule 22c-2 agreements, if
          we fail to comply with a request to restrict trading activity, the underlying fund or its designee may refuse to accept buy orders from us until we comply.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Variable Options may add or change policies
          designed to restrict market timing activities. For example, Variable Options may impose restrictions on transfers between Variable Options in an affiliated group if the investment adviser to one or more of the Variable Options determines that the
          person requesting the transfer has engaged, or is engaging in, market timing or other abusive trading activities. In addition, a Variable Option may impose a short-term trading fee on purchases and sales within a specified period. You should
          review the Variable Options&#8217; prospectuses regarding any applicable transfer restrictions and the imposition of any fee to discourage short-term trading. The imposition of these restrictions would occur as a result of Variable Option restrictions
          and actions taken by the Variable Options&#8217; managers.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z92c432305d9547ceac58c322d1aa924c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">This Contract is not designed for professional market timing organizations, or other persons using programmed, large, or frequent transfers, and we may restrict
                  excessive or inappropriate transfer activity.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The retention of some level of discretion by us may
          result in disparate treatment among persons engaging in potentially disruptive trading, and it is possible that some persons could experience adverse consequences if others are able to engage in potentially disruptive trading practices that have
          negative effects.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Voting Privileges</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We legally own the Variable Option shares. However,
          when a Variable Option holds a shareholder vote that affects your investment, we ask you to give us voting instructions. We then vote all of our shares, including any we own on our behalf, in proportion to those instructions. Because most Owners
          do not give us instructions and we vote shares proportionally, a small number of Owners may determine a vote&#8217;s outcome. If we determine we no longer need to get your voting instructions, we will decide how to vote the shares. Only Owners have
          voting privileges. Annuitants, Beneficiaries, Payees and other persons have no voting privileges unless they are also Owners.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We determine your voting interest in a Variable
          Option as follows:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zf97b3a073f744653bc8ce8ca26d38fea" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">You can provide voting instructions based on the dollar value of the Variable Option&#8217;s shares in your Contract&#8217;s subaccount. We calculate this value based on the number and value of accumulation units for your Contract on
                  the record date. We count fractional units.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">You receive proxy materials and a voting instruction form.
                </td>
              </tr>

          </table>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">6.<font style="text-transform:uppercase;">&#160;&#160;Expenses</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Contract fees and expenses reduce your investment
          return and are described here in detail. We set the Contract fees and expenses on the Issue Date and they cannot change.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Base Contract Expenses (Mortality and Expense Risk
          (M&amp;E) Charge)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In your Contract, the base contract expense is
          referred to as the &#8220;mortality and expense risk charge&#8221; or "M&amp;E charge". The m&amp;e charge compensates us for providing all your Contract&#8217;s benefits, including our contractual obligation to make Annuity Payments and certain Contract and
          distribution expenses. The m&amp;e charge also compensates us for assuming the expense risk that the current charge is less than future Contract administration costs as well as the cost of providing certain features under the Contract. If the
          m&amp;e charge covers these costs and risks, any excess is profit to us. We anticipate making such a profit.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z116a8e31050940d08fbc01609bc0359e" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:bottom;width:79.34%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:3pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:21.87%;">Base Contract Expenses<br>
                  <font style="font-size:8pt;font-weight:Normal;line-height:11pt;">(as a percentage of the<br>
                    Charge Base)</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.88pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:79.34%;">
                  <div style="float:left;">Mortality and Expense Risk (m&amp;e) charge<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
                  <hr noshade="noshade" style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-5pt;margin-top:5pt;padding-top:4.50pt;vertical-align:auto;">
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-top:1.88pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:bottom;white-space:nowrap;width:21.87%;">1.25%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z070b70b2f9ce43eead159a79e3896c3c" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Upon the death of the Owner, we continue to assess this m&amp;e charge for amounts allocated to the Variable Options under death benefit payment Option B, and with optional payments under death benefit payment Option C, as
                  noted in section 10, Death Benefit.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The m&amp;e charge is an annualized rate that
          reduces the net asset value that we use to calculate each subaccount&#8217;s accumulation unit value on each Business Day during the Accumulation Phase. The net asset value is the price of an underlying Variable Option. We do not assess the m&amp;e
          charge against the Index Options, or during the Annuity Phase.</div>
      </div>
      <div type="Block" style="margin-top:23pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;52&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_19">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Optional Benefit Additional Rider Fee</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Maximum Anniversary Value Death Benefit</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you have the Maximum Anniversary Value Death
          Benefit, we deduct an additional rider fee from your Contract Value quarterly during the Accumulation Phase while your benefit is in effect. The additional rider fee is 0.20% as a percentage of the Charge Base. We no longer assess the 0.20%
          additional rider fee once we receive either the first Valid Claim from any one Beneficiary, or due proof of a Determining Life&#8217;s death if you and the Determining Life are different individuals and the Determining Life predeceases you. We deduct
          the final accrued additional rider fee before calculating the death benefit. The additional rider fee compensates us for the risks we assume under the Maximum Anniversary Value Death Benefit.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z4970140f24cd4ecfaa40328da521f95e" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:9pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">When calculating the Maximum Anniversary Value, we deduct all Contract fees and expenses on the Index Anniversary (including the accrued product and rider fees if
                  this is also a Quarterly Contract Anniversary) before we capture any annual investment gains.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The rider fee is an annualized rate that we
          calculate and accrue on a daily basis as a percentage of the Charge Base during the Accumulation Phase as follows.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z1283d51bedf8439e85ef3c110bcf7e26" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:18.48%;">Issue Date
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:40.76%;">Non-Quarterly Contract Anniversaries
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:40.76%;">Quarterly Contract Anniversaries*
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:18.48%;">&#8226;&#8194;The Charge Base is equal to your initial Purchase Payment.&#8226;&#8194;We begin calculating and accruing the daily rider
                  fee <font style="font-weight:bold;">on the day after the Issue Date.</font>
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:40.76%;">&#8226;&#8194;First we calculate and accrue the daily rider fee using the Charge Base. If this is a non-Business Day we use the Charge Base from the end of
                  the prior Business Day.&#8226;&#8194;Then if this is a Business Day we increase/decrease the Charge Base as follows.<br>
                  &#8211;&#8194;If we receive an additional Purchase Payment, we increase the Charge Base by the dollar amount we receive.<br>
                  &#8211;&#8194;If you take a partial withdrawal&#160;or choose to have us pay financial adviser fees from this Contract, or we deduct Contract fees and expenses, we decrease the Charge Base by the percentage of Contract Value withdrawn (including any
                  withdrawal charge). All withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals.
                </td>
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:40.76%;">&#8226;&#8194;First we process all daily transactions and determine your Contract Value. Daily transactions include any gains/losses due to Variable Option
                  performance or application of any Daily Adjustment (or Credit if this is also the Term End Date), any additional Purchase Payment, any partial withdrawals you take&#160;or financial adviser fees that you choose to have us pay from this
                  Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses <font style="font-style:italic;font-weight:bold;">(including deduction of the accrued daily rider fee for the prior quarter). </font>All
                  partial withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals.<br>
                  &#8211;&#8194;We deduct the accrued rider fee for the prior quarter on a dollar for dollar basis from the Contract Value, and proportionately from each Allocation Option.&#8226;&#8194;Then we set the Charge Base equal to this Contract Value and we calculate and
                  accrue the <font style="font-weight:bold;">next quarter&#8217;s</font> daily rider fee using the newly set Charge Base.<font style="font-size:8pt;line-height:11pt;">*&#8194; Or the next Business
                    Day if the Quarterly Contract Anniversary is a non-Business Day.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:40.76%;">Example:<font style="font-weight:Normal;"> Contract Value is $125,000; Charge Base is $127,000; a $10,000 partial withdrawal
                    (including any withdrawal charge) would decrease the Charge Base by $10,160. [($10,000 &#247; $125,000) x $127,000]<br>
                  Any increase/decrease to the Charge Base will increase/decrease the daily rider fee we calculate and accrue </font>on the next day.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Examples of how we calculate the rider fee are included in Appendix E.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:110pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;53&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_20">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Contract Maintenance Charge (Administrative
          Expenses)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Your annual contract maintenance charge is $50.
          This charge is for Contract administration and maintenance expenses. We waive this charge as follows:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z2419083fa17e47c584edb73273423efb" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">During the Accumulation Phase, if the total Contract Value for all Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Contracts you own is at least $100,000 at the end of the last
                  Business Day before the Contract Anniversary, or if the Contract Value for this single Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Contract is at least $100,000 on the Contract Anniversary.
                  We determine the total Contract Value for all individually owned Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Contracts by using the Owner&#8217;s social security number, and for non-individually
                  owned Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Contracts we use the Annuitant&#8217;s social security number.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">During the Annuity Phase&#160;if the total Contract Value for all&#160;Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>&#160;Contracts on the last Business Day before the Annuity Date is at least
                  $100,000.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">When paying death benefits.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">During the Accumulation Phase, we deduct the
          contract maintenance charge:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zc53ef41b0b754ee39f37ad0f8ba44a98" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">on a dollar for dollar basis from the Contract Value on the Contract Anniversary (or the next Business Day if the Contract Anniversary is a non-Business Day), and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">we deduct it proportionately from each Allocation Option.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you take a full withdrawal from your Contract
          (other than on a Contract Anniversary), we deduct the full contract maintenance charge. We do not treat the deduction of the contract maintenance charge as a withdrawal when computing your Guaranteed Death Benefit Value. During the Annuity Phase,
          we deduct the contract maintenance charge proportionately from each Annuity Payment (e.g., if you request semi-annual Annuity Payments we deduct 50% of the contract maintenance charge from each Annuity Payment).</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Withdrawal Charge</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can take withdrawals during the Accumulation
          Phase. A withdrawal charge applies if any part of a withdrawal comes from a Purchase Payment that is still within the withdrawal charge period. We assess the withdrawal charge against the Withdrawal Charge Basis, which is equal to total Purchase
          Payments, less any Purchase Payments withdrawn (excluding any Penalty-Free Withdrawals), and less any applicable withdrawal charge. We do not reduce the Withdrawal Charge Basis for any amounts we deduct to pay other Contract fees and expenses.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We do not assess a withdrawal charge on Penalty-Free
          Withdrawals or amounts we deduct to pay Contract expenses, other than the withdrawal charge. However, any amounts used to pay a withdrawal charge are subject to a withdrawal charge.<font style="font-weight:Normal;"> Amounts withdrawn to pay
            financial adviser fees are subject to a withdrawal charge if they exceed the free withdrawal privilege, and will reduce the Contract Value and Guaranteed Death Benefit Value </font><font style="font-style:italic;">(perhaps significantly)</font><font style="font-weight:Normal;">.</font></div>
      </div>
      <div type="Block" style="margin-top:255pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;54&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_21">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="za446b8baea254aefb59eb8644b8d9bf1" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:48.62%;">Calculating a Withdrawal Charge
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2pt;padding-right:6pt;padding-top:3pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:49.38%;">Example
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:48.62%;">For purposes of calculating any withdrawal charge, we withdraw Purchase Payments on a &#8220;first-in-first-out&#8221; (FIFO) basis and we process withdrawal requests as
                  follows.
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:49.38%;">You make an initial Purchase Payment of $30,000 and make another Purchase Payment in the first month of the second Contract Year of $70,000. In the third month of
                  the third Contract Year, your Contract Value is $110,000 and you request a $52,000 withdrawal. We withdraw money and compute the withdrawal charge as follows.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:48.62%;">1.&#8194; First we withdraw from Purchase Payments that we have had for six or more complete years, which is your Contract&#8217;s withdrawal charge period. This withdrawal is
                  not subject to a withdrawal charge and it reduces the Withdrawal Charge Basis dollar for dollar.
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:49.38%;">1<font style="font-weight:bold;">.&#8194; Purchase Payments beyond the withdrawal charge period.</font> All payments are still
                  within the withdrawal charge period, so this does not apply.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:48.62%;">2.&#8194; Amounts available as a Penalty-Free Withdrawal. This includes partial withdrawals you take during the Accumulation Phase under the free withdrawal privilege or
                  waiver of withdrawal charge benefit, and RMD payments you take under our minimum distribution program. Penalty-Free Withdrawals are not subject to a withdrawal charge, and they do not reduce the Withdrawal Charge Basis.
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:49.38%;">2<font style="font-weight:bold;">.&#8194; Amounts available as a Penalty-Free Withdrawal.</font> You did not take any other
                  withdrawals this year, so the entire free withdrawal privilege (10% of your total Purchase Payments, or $10,000) is available to you without incurring a withdrawal charge.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:48.62%;">3.&#8194; Next, on a FIFO basis, we withdraw from Purchase Payments within your Contract&#8217;s withdrawal charge period and assess a withdrawal charge. Withdrawing payments
                  on a FIFO basis may help reduce the total withdrawal charge because the charge declines over time. We determine your total withdrawal charge by multiplying each payment by its applicable withdrawal charge percentage and then totaling the
                  charges. These withdrawals reduce the Withdrawal Charge Basis.<br>
                  The withdrawal charge as a percentage of each Purchase Payment withdrawn is as follows.
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:49.38%;">3<font style="font-weight:bold;">.&#8194; Purchase Payments within the withdrawal charge period on a FIFO basis.</font> The total amount we withdraw
                  from the first Purchase Payment is $30,000, which is subject to a 7% withdrawal charge, and you receive $27,900. We determine this amount as follows:<br>
                  (<font style="font-weight:bold;">amount withdrawn) x (1 &#8211; withdrawal charge) = the amount you receive, or:<br>
                  </font>$30,000 x 0.93 = $27,900<br>
                  Next we withdraw from the second Purchase Payment.<br>
                  So far, you received $37,900 ($10,000 under the free withdrawal privilege and $27,900 from the first Purchase Payment which is now reduced to zero), so we withdraw $14,100 from the second Purchase Payment to equal the $52,000 you
                  requested. The second Purchase Payment is subject to an 8% withdrawal charge. We calculate the total amount withdrawn and its withdrawal charge as follows:<br>
                  <font style="font-weight:bold;">(the amount you receive) &#247; (1 &#8211; withdrawal charge) = amount withdrawn, or:<br>
                  </font>$14,100 &#247; 0.92 = $15,326.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.69%;">Number of Complete Years<br>
                  Since Purchase Payment
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:23.92%;">Withdrawal Charge<br>
                  Amount
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:2pt;text-align:center;vertical-align:top;width:49.38%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt; padding-top:2.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:22.69%;">0<br>
                  1<br>
                  2<br>
                  3<br>
                  4<br>
                  5<br>
                  6 years or more
                </td>
                <td style="border-bottom:0.5pt Solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2.75pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:23.92%;">8.5%<br>
                  8%<br>
                  7%<br>
                  6%<br>
                  5%<br>
                  4%<br>
                  0%
                </td>
                <td style="border-bottom:0.5pt Solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt Solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2.75pt;text-align:center;vertical-align:top;width:49.38%;">&#160;
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:79pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;55&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_22">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z51e5e489d8d14d4d9187fe263f062137" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:50.62%;">Calculating a Withdrawal Charge
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:49.38%;">Example
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td colspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:50.62%;">4.&#8194; Finally we withdraw any Contract earnings. This withdrawal is not subject to a withdrawal charge and it does
                  not reduce the Withdrawal Charge Basis.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.38%;">4.&#8194; <font style="font-weight:bold;">Contract earnings.</font> We already withdrew your requested amount, so this does not apply.<br>
                  <font style="font-weight:bold;">In total we withdrew $55,326 from your Contract, of which you received $52,000 and paid a withdrawal charge of $3,326. We also reduced the 1st Purchase Payment from $30,000 to $0, and your 2nd Purchase
                    Payment from $70,000 to $54,674 ($70,000 - $15,326).</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Upon a full withdrawal, we first deduct any final
          rider fee and contract maintenance charge from your Contract Value before we calculate the withdrawal charge. We then deduct any applicable withdrawal charge from the total remaining Contract Value and send you the remaining amount. For a partial
          withdrawal we pay you the amount you requested and deduct this amount and any withdrawal charge from the total Contract Value. We deduct any partial withdrawal (including any withdrawal charge) proportionately from each Allocation Option unless
          you provide us with alternate instructions. If a partial withdrawal occurs on a day that we also deduct the rider fee, and/or contract maintenance charge, we deduct these fees and expenses before we calculate and deduct the partial withdrawal and
          any withdrawal charge from the Contract Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The withdrawal charge compensates us for expenses
          associated with selling the Contract.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Reduction or Elimination of the Withdrawal Charge</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may reduce or eliminate the withdrawal charge
          when the Contract is sold under circumstances that reduce its sales expenses. We will implement this withdrawal charge reduction or elimination in a nondiscriminatory manner. For example, if a large group of individuals purchases Contracts or if
          a prospective purchaser already has a relationship with us. We may choose not to deduct a withdrawal charge under a Contract issued to an officer, director, or employee of Allianz Life or any of its affiliates. Also, we may reduce or eliminate
          the withdrawal charge when a Contract is sold by a Financial Professional appointed with Allianz Life to any members of his or her immediate family and the Financial Professional waives their commission. We must pre-approve any withdrawal charge
          reduction or elimination.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z8769d1de331344b39b123cfd3bcf6a0b" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; Upon a full withdrawal the free
                  withdrawal privilege is not available to you, and we apply a withdrawal charge against Purchase Payments that are still within the withdrawal charge period, including amounts previously withdrawn under the free withdrawal privilege. <font style="font-weight:bold;">On a full withdrawal your Withdrawal Charge Basis may be greater than your Contract Value because the following reduce your Contract Value, but do not reduce your Withdrawal Charge Basis:</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; <font style="font-weight:bold;">prior Penalty-Free Withdrawals,</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; <font style="font-weight:bold;">deductions we make for Contract fees and expenses other than the withdrawal charge, and/or</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:18pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">&#8211;&#8194; <font style="font-weight:bold;">poor performance.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-left:32pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">This also means that upon a full withdrawal you may not receive any money.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; Withdrawals (including any
                  financial adviser fees that you choose to have us pay from this Contract)<font style="font-weight:bold;"> </font>may also be subject to <font style="font-weight:bold;">ordinary income taxes, and a 10% additional federal tax if you are
                    under age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;</font><font style="font-size:6pt;font-weight:bold;line-height:8pt;">2</font><font style="font-weight:bold;">, and the amount of Contract Value
                    available for withdrawal may be affected by the Daily Adjustment</font> <font style="font-style:italic;font-weight:bold;">(which can be negative). Please consult with your Financial Professional before requesting us to pay financial
                    adviser fees from this Contract compared to other assets you may have.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; For tax purposes in most instances, withdrawals from Non-Qualified Contracts are considered to come from earnings first, not Purchase Payments.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Transfer Fee</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The first twelve transfers between Variable Options
          every Contract Year are free. After that, we deduct a $25 transfer fee for each additional transfer. We count all transfers made in the same Business Day as one transfer. We do not count transfers between the Variable Options and Index Options or
          reallocation of Index Option Value among the Index Options against the free transfers we allow and these transfers are not subject to a transfer fee. The transfer fee continues to apply under death benefit payment Option B, and with optional
          payments under death benefit payment Option C as noted in section 10, Death Benefit.</div>
      </div>
      <div type="Block" style="margin-top:21pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;56&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_23">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We deduct the transfer fee on a dollar for dollar
          basis from the amount of Variable Account Value being transferred before allocating the remaining Variable Account Value to your selected Variable Options. We do not treat the deduction of the transfer fee as a withdrawal when computing the
          Guaranteed Death Benefit Value under the Traditional Death Benefit.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Daily Adjustment Maximum Potential Loss</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment is how we calculate Index
          Option Values on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. The Daily Adjustment approximates the Index Option Value that
          will be available on the Term End Date. If before the Term End Date you take a full or partial withdrawal&#160;(including any financial adviser fees that you choose to have us pay from this Contract), execute a Performance Lock, annuitize the
          Contract, we pay a death benefit, or when we deduct Contract fees and expenses, we calculate the Index Option Value by applying the Daily Adjustment. The Daily Adjustment can be positive or negative. Following is the maximum potential loss
          associated with the Daily Adjustment.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z0c300a551e794ad7bd4c3fbe7ba416c2" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:10pt;padding-bottom:2.5pt;padding-right:3pt;text-align:center;vertical-align:bottom;width:58.18%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:6pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:21.84%;">Index Precision Strategy<br>
                  and<br>
                  Index Performance Strategy
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:19.19%;">Index Guard Strategy
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:58.18%;">Daily Adjustment Maximum Potential Loss<br>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:6pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:21.84%;">99%
                </td>
                <td style="line-height:0pt;padding-right:6pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:16pt;padding-top:1.75pt;text-align:center;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:19.19%;">35%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:18pt;padding-right:3pt;padding-top:1pt;text-align:left; text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:58.18%;">(as a percentage of Index Option Value, applies for distributions from an Index Option before any Term End Date)
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:21.84%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-top:1pt;text-align:center;vertical-align:top;width:19.19%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Premium Tax</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Premium tax is based on your state of residence at
          the time you make each Purchase Payment. In states that assess a premium tax, we do not currently deduct it from the Contract, although we reserve the right to do so in the future. Premium tax normally ranges from 0% to 3.5% of the Purchase
          Payment, depending on the state or governmental entity.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Income Tax</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Currently, we do not deduct any Contract related
          income tax we incur, although we reserve the right to do so in the future.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Variable Option Expenses</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Charges deducted from and expenses paid out of the
          assets of the Variable Options are described in the Variable Options' prospectuses.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">These expenses reduce the Variable Options'
          performance and, therefore, negatively affect your Contract Value and any payments based on Contract Value.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">7.<font style="text-transform:uppercase;">&#160;&#160;Access to
            Your Money</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Your Contract Value is available under the
          following circumstances:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z5d9bf0da113c4a38806e4a2d84591b21" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">by taking a withdrawal (including financial adviser fees that you choose to have us pay from this Contract; withdrawals under the free withdrawal privilege, systematic withdrawal program, and waiver of withdrawal charge
                  benefit; and for Qualified Contracts only, RMD payments under our minimum distribution program);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">by taking Annuity Payments; or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">when we pay a death benefit.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">You can take withdrawals during the Accumulation
          Phase. We process withdrawal requests based on values next determined after receipt of the request in Good Order at our Service Center. Values are normally determined at the end of each Business Day. We process any withdrawal request received at
          or after the end of the current Business Day using values determined on the next Business Day.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Any partial withdrawal must be for at least $100.*
          The Contract Value after a partial withdrawal must be at least $2,000.* <font style="font-weight:bold;">We reserve the right to treat a partial withdrawal that reduces the Contract Value below this minimum as a full withdrawal.</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z56a63deefa3f4b918643b1cbbeda16ca" style="border-collapse:collapse;empty-cells:show;margin-top:1pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">*
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Does not apply to RMD payments under our minimum distribution program.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We deduct any partial withdrawal (including any
          withdrawal charge) proportionately from each Allocation Option unless you provide us with alternate instructions. The Index Option Value from which a partial withdrawal is deducted during a Term will include any applicable Daily Adjustment.</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;57&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_24">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">When you take a full withdrawal of the Contract
          Value we process your request on the Business Day we receive it in Good Order at our Service Center as follows:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z9019db189d6c4429b8e652530c8e2c13" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">total Contract Value including any Daily Adjustment,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">less any final rider fee and contract maintenance charge, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">less any withdrawal charge.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">See the Fee Tables and section 6, Expenses for a
          discussion of the Contract fees and expenses.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We pay withdrawals promptly, but in no event later
          than seven days after receipt of your request in Good Order at our Service Center, unless the suspension of payments or transfers provision is in effect (see the discussion later in this section).</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zd277622642c141598ed60e82d81c7b58" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; Withdrawals may be subject to a
                  withdrawal charge, state and federal taxation, and a 10% additional federal tax if you are under age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>, and
                  the amount of Contract Value available for withdrawal may be affected by the Daily Adjustment <font style="font-style:italic;font-weight:bold;">(which can be negative)</font>.<font style="font-style:italic;font-weight:bold;"> Please
                    consult with your Financial Professional before requesting us to pay financial adviser fees from this Contract compared to other assets you may have.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">Joint
                    Owners:</font> We send one check payable to both Joint Owners and tax report each Joint Owner individually. <font style="font-style:italic;font-weight:bold;">Tax reporting each Joint Owner individually can create a discrepancy in
                    taxation if only one Joint Owner is under age 59<sup style="font-style: italic; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;</font><font style="font-size:6pt;font-style:italic;font-weight:bold;line-height:8pt;">2</font><font style="font-style:italic;font-weight:bold;"> because that Joint Owner will be subject to the 10% additional federal tax.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; We may be required to provide information about you or your Contract to government regulators. We may also be required to stop Contract disbursements and thereby refuse any transfer requests, and refuse to pay any withdrawals
                  (including a full withdrawal), or death benefits until we receive instructions from the appropriate regulator. If, pursuant to SEC rules, the AZL Government Money Market Fund suspends payment of redemption proceeds in connection with a
                  fund liquidation, we will delay payment of any transfer, full or partial withdrawal, or death benefit from the AZL Government Money Market Fund subaccount until the fund is liquidated.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Free Withdrawal Privilege</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Each Contract Year during the Accumulation Phase,
          you can withdraw up to 10% of your total Purchase Payments without incurring a withdrawal charge (the free withdrawal privilege). Any unused free withdrawal privilege in one Contract Year is not added to the amount available to you in the next
          Contract Year. Withdrawals from Purchase Payments that are outside the six year withdrawal charge period are not subject to a withdrawal charge and do not reduce your free withdrawal privilege. RMD payments you take under our minimum distribution
          program and withdrawals under the waiver of withdrawal charge benefit are not subject to a withdrawal charge, but do reduce your free withdrawal privilege. Amounts we deduct for any financial adviser fees that you choose to have us pay from this
          Contract also reduce your free withdrawal privilege.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Example</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Assume your initial Purchase Payment 10 years ago
          was $90,000, and you made a second $100,000 Purchase Payment 3 years ago. You take a RMD payment of $1,500 and withdraw $150,000 when the Contract Value is $275,000. The RMD payment is not subject to a withdrawal charge, but reduces the amount
          available under the free withdrawal privilege to $17,500 (10% x $190,000 total Purchase Payments = $19,000 - $1,500 RMD payment). After the RMD payment, $107,500 is available to you without a withdrawal charge: the initial $90,000 Purchase
          Payment that is beyond the 6-year withdrawal charge period, and $17,500 remaining free withdrawal privilege. The remaining $42,500 of your requested withdrawal would be subject to a 7% withdrawal charge.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z802ef88d91654376ab888389a40ef95f" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The free withdrawal privilege is not available upon a full withdrawal.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Systematic Withdrawal Program</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The systematic withdrawal program can provide
          automatic withdrawal payments to you during the Accumulation Phase. You can request to receive these withdrawal payments monthly, quarterly, semi-annually or annually. However, if your Contract Value is less than $25,000, we only make annual
          payments. The minimum amount you can withdraw under this program is $100 and there is no maximum. During the withdrawal charge period (if applicable), systematic withdrawals in excess of the free withdrawal privilege are subject to a withdrawal
          charge. We make systematic withdrawals on the ninth of the month, or the next Business Day if the ninth is a non-Business Day. We must receive your systematic withdrawal program form instructions in Good Order at our Service Center before the end
          of the Business Day before we process these</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;58&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_25">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">withdrawals, or your program does not begin until the next month.
          This program ends at the earlier of your request, or when you withdraw your total Contract Value. However, we reserve the right to discontinue or modify the systematic withdrawal program at any time and for any reason.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z3742f4bc20be4306810961d72cb0fd98" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">Ordinary
                    income taxes and tax penalties may apply to systematic withdrawals.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; <font style="font-weight:bold;">The systematic withdrawal program is not available while you are receiving RMD payments.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Minimum Distribution Program and Required Minimum
          Distribution (RMD) Payments</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you own an IRA or SEP IRA Contract, you can
          participate in the minimum distribution program during the Accumulation Phase. If you have an Inherited IRA Contract or Inherited IRA Roth Contract we generally require you to participate in the minimum distribution program when you purchase this
          Contract. Under this program, we make payments to you designed to meet the applicable minimum distribution requirements imposed by the Code for this Qualified Contract. RMD payments are not subject to a withdrawal charge, but they reduce the free
          withdrawal privilege amount during the Contract Year. We do not consider deductions we make for financial adviser fees that you choose to have us pay from this Contract to be RMD payments. However, Contract Value is one of the components we use
          to calculate RMD payments, so these deductions may reduce your RMD payments. We apply the Daily Adjustment if RMD payments are deducted from the Index Options on days other than the Term End Date. We can make payments to you on a monthly,
          quarterly, semi-annually or annually. However, if your Contract Value is less than $25,000, we only make annual payments. You cannot aggregate RMD payments between this Contract and other qualified contracts that you own. We make RMD payments on
          the ninth of the month, or the next Business Day if the ninth is a non-Business Day. We must receive your program form instructions in Good Order at our Service Center before the end of the Business Day before we process these payments, or your
          program does not begin until the next month.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We reserve the right to discontinue or modify the
          minimum distribution program subject to the requirements of law.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="ze1a938ee068448d68b12f960b025f358" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; <font style="font-weight:bold;">You
                    should consult a tax adviser before purchasing a Qualified Contract that is subject to RMD payments.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; <font style="font-weight:bold;">The minimum distribution program is not available while you are receiving systematic withdrawals.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Waiver of Withdrawal Charge Benefit</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">After the first Contract Year, if any Owner becomes
          confined to a nursing home for a period of at least 90 consecutive days and a physician certifies that continued confinement is necessary, you can take withdrawals and we waive the withdrawal charge. We apply the Daily Adjustment if withdrawals
          are deducted from the Index Options on days other than the Term End Date. This waiver is not available if any Owner was confined to a nursing home on the Issue Date. We base this benefit on the Annuitant for non-individually owned Contracts. We
          must receive proof of confinement in Good Order for each withdrawal before we waive the withdrawal charge. Withdrawals under this benefit reduce the free withdrawal privilege amount during the Contract Year.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Suspension of Payments or Transfers</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may be required to suspend or postpone transfers
          or payments for withdrawals for more than seven days after receipt of your request in Good Order at our Service Center, for any period when:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z19da1c01fe31463cb274bb2fde2c5ed8" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the New York Stock Exchange is closed (other than customary weekend and holiday closings);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">trading on the New York Stock Exchange is restricted;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">an emergency (as determined by the SEC) exists as a result of which disposal of the Variable Option shares is not reasonably practicable or we cannot reasonably value the Variable Option shares; or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">during any other period when the SEC, by order, so permits for the protection of Owners.
                </td>
              </tr>

          </table>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">8.<font style="text-transform:uppercase;">&#160;&#160;The Annuity
            Phase</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Prior to annuitization, you can take a full
          withdrawal and receive your total Contract Value (less the withdrawal charge, and final rider fee and contract maintenance charge). If you take a full withdrawal on any day other than a Term Start Date or Term End Date and you have Contract Value
          in the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, we apply the Daily Adjustment to these Index Option Values before we deduct the final Contract fees and expenses.</div>
      </div>
      <div type="Block" style="margin-top:7pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;59&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_26">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Payments offer a guaranteed lifetime income
          stream with certain tax advantages and are designed for Owners who no longer need immediate access to Contract Value to meet their short-term income needs.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can apply your Contract Value to regular
          periodic fixed Annuity Payments. The Payee receives the Annuity Payments. You receive tax reporting on the payments, whether or not you are the Payee. We may require proof of the Annuitant(s)&#8217; age before we make any life contingent Annuity
          Payment. If you misstate the Annuitant(s)&#8217; age or gender, we recalculate the Annuity Payments based on the correct age or gender.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Calculating Your Annuity Payments</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We base Annuity Payments upon the following:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zff02974d68a84a0bbc5b29cb19f125b8" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Contract Value less the rider fee (if applicable) on the Annuity Date.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The age of the Annuitant and any joint Annuitant on the Annuity Date.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The gender of the Annuitant and any joint Annuitant where permitted.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Annuity Option you select.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Your Contract&#8217;s interest rate (or current rates, if higher) and mortality table.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If the Annuity Date is not a Term End
          Date,&#160;Contract Value reflects&#160;the Daily Adjustment if you selected Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy. We guarantee the dollar amount of Annuity Payments and this amount remains fixed and does not change
          during the entire annuity payment option period that you selected, except as provided under Annuity Option 3. We deduct the contract maintenance charge proportionately from each Annuity Payment (e.g., if you request semi-annual Annuity Payments
          we deduct 50% of the contract maintenance charge from each Annuity Payment). However, if your Contract Value on the last Business Day before the Annuity Date is at least $100,000 we waive the contract maintenance charge during the Annuity Phase.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Annuity Payment Options</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can choose one of the Annuity Options described
          below&#160;or any other payment option to which we agree. After Annuity Payments begin, you cannot change the Annuity Option, or transfer or withdraw Contract Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option 1. Life Annuity.<font style="font-weight:Normal;"> We make Annuity Payments during the life of the Annuitant, and the last payment is the one that is due before the Annuitant&#8217;s death. If the Annuitant dies shortly after the Annuity Date, the Payee may receive less
            than your investment in the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option 2. Life Annuity with Payments Over 5, 10, 15
          or 20 Years Guaranteed.<font style="font-weight:Normal;"> We make Annuity Payments during the life of the Annuitant, with payments for a minimum guaranteed period that you select.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option 3. Joint and Last Survivor Annuity.<font style="font-weight:Normal;"> We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant. Upon the death of one Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant,
            at a level of 100%, 75% or 50% selected by the Owner when he or she chose this Annuity Payment option. If both Annuitants die shortly after the Annuity Date, the Payee may receive less than your investment in the Contract.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option 4. Joint and Last Survivor Annuity with
          Payments Over 5, 10, 15 or 20 Years Guaranteed. <font style="font-weight:Normal;">We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant, with payments for a minimum guaranteed period that you select.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option 5. Refund Life Annuity. <font style="font-weight:Normal;">We make Annuity Payments during the lifetime of the Annuitant, and the last payment is the one that is due before the Annuitant&#8217;s death. After the Annuitant&#8217;s death, the Payee may receive a lump sum refund. The
            amount of the refund equals the amount applied to this Annuity Option minus the total paid under this option.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Under Annuity Options 1, 3 and 5, if all Annuitants
          die on or after the Annuity Date and before we send the first Annuity Payment, we will cancel Annuity Payments and upon receipt of a Valid Claim we will pay the Contract Value determined on the Annuity Date to surviving individual Owner, or the
          Beneficiary(s) if there is no surviving Owner. If the Owner is a non-individual, we pay the Owner.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">After the Annuitant&#8217;s death under Annuity Option 2,
          or the last surviving joint Annuitant's death under Annuity Option 4, we make Annuity Payments during the remaining guaranteed period in the following order based on who is still alive: the Payee, any surviving original Owner, the last surviving
          Owner&#8217;s Beneficiaries, or to the last surviving Owner&#8217;s estate if there are no remaining or named Beneficiaries.</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;60&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d497b54d-6983-4b6c-b042-3cc73c69b31a_27">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Payments are usually lower if you select an
          Annuity Option that requires us to make more frequent Annuity Payments or to make payments over a longer period of time. If you choose life contingent Annuity Payments, payout rates for a younger Annuitant are lower than the payout rates for an
          older Annuitant and payout rates for life with a guaranteed period are typically lower than life only payments. Monthly payout rates are lower than annual payout rates, payout rates for a 20-year guaranteed period are less than payout rates for a
          10-year guaranteed period, and payout rates for a 50-year-old Annuitant are less than payout rates for a 70-year-old Annuitant.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z2c68220aa8b140d788e04fa449bcb453" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">If you do not choose an Annuity Option before the Annuity Date, we make Annuity Payments to the Payee under Annuity Option 2 with ten years of guaranteed monthly
                  payments.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">When Annuity Payments Begin</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity Payments begin on the Annuity Date. Your
          scheduled Annuity Date is the first day of the calendar month following the later of: a) the Annuitant&#8217;s 90th birthday, or b) the tenth Contract Anniversary and is stated in your Contract. An earlier Annuity Date or a withdrawal may be required
          to satisfy minimum required distribution rules under certain Qualified Contracts. <font style="font-style:italic;font-weight:bold;">You can make an authorized request for a different, earlier or later Annuity Date after the Issue Date, but any
            such request is subject to applicable law and our approval.</font> An earlier or later Annuity Date may not be available to you depending on the Financial Professional you purchase your Contract through and your state of residence. The earliest
          available Annuity Date is the second Contract Anniversary.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zfe83023641f14c699698246b0f08b68c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">If on the Annuity Date (which may occur as early as the second Contract Anniversary, or as late as age 100) your Contract Value is greater than zero, you must
                  annuitize the Contract.<font style="font-weight:Normal;"> We notify you of your available options in writing 60 days in advance, including the option to extend your Annuity Date if available. </font><font style="font-style:italic;">If on
                    your Annuity Date you have not selected an Annuity Option, we make payments under Annuity Option 2 with ten years of guaranteed monthly payments.</font><font style="font-weight:Normal;"> Upon annuitization you no longer have Contract
                    Value or a death benefit, and you cannot receive any other periodic withdrawals or payments other than Annuity Payments.</font>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:365pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;61&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">9.<font style="text-transform:uppercase;">&#160;&#160;Benefits
            Available Under the Contract</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following tables summarize information about
          the benefits available under the Contract.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zdd518343671b4893b12bb825b1d311dd" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.79%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt;padding-top:5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Standard Benefits (No Additional Charge)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:16.80%;">Name of Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:41.60%;">Purpose
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.60%;">Brief Description of Restrictions/Limitations
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Free Withdrawal Privilege
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Allows you to withdraw up to 10% of your total Purchase Payments each Contract Year without incurring a withdrawal charge.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Not available upon a full withdrawal.<br>
                  &#8226;&#8194;Unused free withdrawal amounts not available in future years.<br>
                  &#8226;&#8194;Program withdrawals may be subject to negative Daily Adjustments.<br>
                  &#8226;&#8194;Program withdrawals may be subject to income taxes, including a 10% additional federal tax if taken before age 59&#8202;<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Automatic Investment Plan (AIP)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Allows you to make automatic Purchase Payments by electronic money transfer from your savings, checking, or brokerage account.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Not available to certain Qualified Contracts.<br>
                  &#8226;&#8194;Payments must be on a monthly or quarterly basis.<br>
                  &#8226;&#8194;Subject to applicable Purchase Payment restrictions.<br>
                  &#8226;&#8194;We reserve the right to discontinue or modify the program.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Optional Reallocation Program for the 1-year Term Index Options
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Provides for automatic transfers among the 1-year Term Index Options to help you maintain your selected allocation percentages
                  among these Index Options.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Not available if you select a 3-year Term Index Option.<br>
                  &#8226;&#8194;We reserve the right to discontinue or modify the program.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Systematic Withdrawal Program
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Allows you to take automatic withdrawals from your Contract.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Not available while you are participating in minimum distribution program.<br>
                  &#8226;&#8194;Program withdrawals may be monthly, quarterly, semi-annual or annual, unless you have less than $25,000 in Contract Value, in which case only annual withdrawals are available.<br>
                  &#8226;&#8194;Program withdrawals count against free withdrawal privilege.<br>
                  &#8226;&#8194;Program withdrawals may be subject to negative Daily Adjustments.<br>
                  &#8226;&#8194;Program withdrawals may be subject to withdrawal charges and income taxes, including a 10% additional federal tax if taken before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.<br>
                  &#8226;&#8194;We reserve the right to discontinue or modify the program.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Minimum Distribution Program
                </td>
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Allows you to automatically take withdrawals to satisfy the minimum distribution requirements (RMD) imposed by
                  the Internal Revenue Code.
                </td>
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Only available to IRA or SEP IRA Contracts.<br>
                  &#8226;&#8194;Program withdrawals count against free withdrawal privilege.<br>
                  &#8226;&#8194;Program withdrawals may be subject to negative Daily Adjustments.<br>
                  &#8226;&#8194;Program withdrawals may be subject to income taxes.<br>
                  &#8226;&#8194;Program withdrawals may be monthly, quarterly, semi-annual or annual, unless you have less than $25,000 in Contract Value, in which case only annual payments are available.<br>
                  &#8226;&#8194;We reserve the right to discontinue or modify the program subject to the requirements of law.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:9pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;62&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zaf392af33f5d422ca5818dccfbb9a766" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.79%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt;padding-top:5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Standard Benefits (No Additional Charge)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:16.80%;">Name of Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:41.60%;">Purpose
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.60%;">Brief Description of Restrictions/Limitations
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Financial<br>
                  Adviser<br>
                  Fees
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">If you have a financial adviser and want to pay their financial adviser fees from this Contract, you can instruct us to withdraw
                  the fee from your Contract and pay it to your Financial Professional or Financial Professional&#8217;s firm as instructed.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Financial adviser fees are in addition to the Contract&#8217;s fees and expenses.<br>
                  &#8226;&#8194;Deductions for financial adviser fees are treated as withdrawals under the Contract.<br>
                  &#8226;&#8194;Program withdrawals count against free withdrawal privilege.<br>
                  &#8226;&#8194;Program withdrawals may be subject to negative Daily Adjustments.<br>
                  &#8226;&#8194;Program withdrawals may be subject to withdrawal charges and income taxes, including a 10% additional federal tax if taken before age 59&#8202;<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.<br>
                  &#8226;&#8194;We reserve the right to discontinue or modify the program.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Waiver of<br>
                  Withdrawal<br>
                  Charge<br>
                  Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Waives withdrawal charges if you become confined to a nursing home.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:5pt;padding-top:2.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Confinement must be for at least 90 consecutive days.<br>
                  &#8226;&#8194;Requires physician certification.<br>
                  &#8226;&#8194;Not available if any Owner was confined to a nursing home on the Issue Date.<br>
                  &#8226;&#8194;Program withdrawals count against free withdrawal privilege.<br>
                  &#8226;&#8194;Program withdrawals may be subject to negative Daily Adjustments.<br>
                  &#8226;&#8194;Program withdrawals are not subject to withdrawal charges, but may be subject to income taxes, including a 10% additional federal tax if taken before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:7pt;">2</font>.<br>
                  &#8226;&#8194;State variations may apply.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Traditional Death Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Provides a death benefit equal to the greater of the Contract Value, or Guaranteed Death Benefit Value. The
                  Guaranteed Death Benefit Value is total Purchase Payments adjusted for withdrawals.<br>
                  An example of the death benefit provided by the Traditional Death Benefit is included in section 10, Death Benefit.<br>
                  An example of the impact of withdrawals for financial adviser fees that you choose to have us pay from this Contract on the death benefit is included in section 1.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:12pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Benefit only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Withdrawals, including any negative Daily Adjustments, may significantly reduce the benefit as indicated in section 1, Financial Adviser Fee Deduction Example.<br>
                  &#8226;&#8194;Restrictions on Purchase Payments may limit the benefit.<br>
                  &#8226;&#8194;Annuitizing the Contract will end the benefit.
                </td>
              </tr>

          </table>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;63&#160;</div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z26409367f5d644eb808a28ca63d061c1" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.79%;">

              <tr style="page-break-inside:avoid;">
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt;padding-top:5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Standard Benefits (No Additional Charge)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:16.80%;">Name of Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:41.60%;">Purpose
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:41.60%;">Brief Description of Restrictions/Limitations
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:16.80%;">Performance Lock
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">Allows you to capture the current Index Option Value during the Term for an Index Option with the Index
                  Precision Strategy, Index Guard Strategy, or Index Performance Strategy. Can help eliminate doubt about future Index performance and possibly limit the impact of negative performance.<br>
                  A Performance Lock example is included in section 4, Valuing Your Contract &#8212; Performance Locks.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:41.60%;">&#8226;&#8194;Available during the Accumulation Phase.<br>
                  &#8226;&#8194;Not available with the Index Protection Strategy Index Options.<br>
                  &#8226;&#8194;May be exercised before the Term End Date for an Index Option.<br>
                  &#8226;&#8194;If exercised, will no longer participate in Index performance (positive or negative) for the remainder of the Term, and will not receive a Credit on the Term End Date.<br>
                  &#8226;&#8194;You will not know your locked Index Option Value in advance.<br>
                  &#8226;&#8194;The locked Index Option Value will reflect a Daily Adjustment.<br>
                  &#8226;&#8194;If executed when Daily Adjustment has declined, will lock in any loss.<br>
                  &#8226;&#8194;Can be executed only once each Term for each Index Option.<br>
                  &#8226;&#8194;Cannot be exercised for only a portion of the Index Option Value.<br>
                  &#8226;&#8194;Deductions (e.g. withdrawals, fees) decrease the locked Index Option Value.<br>
                  &#8226;&#8194;Cannot transfer locked Index Option Value until the Term End Date, except when exercised for a 3-year Index Option, provided the Lock Date occurs on or before the second Index Anniversary of a 3-year Term.<br>
                  &#8226;&#8194;We will not provide advice or notify you regarding whether you should exercise or the optimal time for doing so.<br>
                  &#8226;&#8194;We will not warn you if you exercise at a sub-optimal time.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; padding-left: 1.42%; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z6220de3e62544414b92738ab2fd2a65b" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.79%;">

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                <td colspan="4" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt;padding-top:5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">Optional Benefits
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.86%;">Name of Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:38.63%;">Purpose
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.89%;">Maximum Fee
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:38.63%;">Brief Description of Restrictions/Limitations
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:10.86%;">Maximum Anniversary Value Death Benefit
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:38.63%;">Provides a death benefit equal to the greater of the Contract Value, or Guaranteed Death Benefit Value. The
                  Guaranteed Death Benefit Value is the Maximum Anniversary Value.<br>
                  An example of the death benefit provided by the Maximum Anniversary Value Death Benefit, and calculation of the Maximum Anniversary Value is included in section 10, Death Benefit.<br>
                  An example of the impact of withdrawals for financial adviser fees that you choose to have us pay from this Contract on the death benefit is included in section 1.
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt; padding-right:5pt;padding-top:2.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.89%;">0.20%<br>
                  <font style="font-size:9pt;line-height:10pt;">(as a percentage of the Charge Base)</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5pt;padding-left:5pt;padding-right:5pt; padding-top:2.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:38.63%;">&#8226;&#8194;Must be age 75 or younger to elect.<br>
                  &#8226;&#8194;Can only be added to a Contract at issue.<br>
                  &#8226;&#8194;Replaces the Traditional Death Benefit if elected.<br>
                  &#8226;&#8194;Benefit cannot be removed from the Contract.<br>
                  &#8226;&#8194;Only available during the Accumulation Phase.<br>
                  &#8226;&#8194;Withdrawals, including any negative Daily Adjustment, may significantly reduce the benefit as indicated in section 1, Financial Adviser Fee Deduction Example.<br>
                  &#8226;&#8194;Withdrawals reduce the likelihood of lock in.<br>
                  &#8226;&#8194;Restrictions on Purchase Payments may limit the benefit.<br>
                  &#8226;&#8194;Annuitizing the Contract will end the benefit.
                </td>
              </tr>

          </table>
        </div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">10.<font style="text-transform:uppercase;">&#160;&#160;Death
            Benefit</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">&#8220;You&#8221; in this section refers to the Owner, or the
          Annuitant if the Contract is owned by a non-individual.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Contract provides the Traditional Death
          Benefit, the standard death benefit, for no additional charge. If available, you can instead select the optional Maximum Anniversary Value Death Benefit at Contract issue for an additional rider fee if</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;64&#160;</div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_4">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">all Owners and the Annuitant are age 75 or younger. The Maximum
          Anniversary Value Death Benefit can only be added to a Contract at issue. <font style="font-weight:bold;">The Maximum Anniversary Value Death Benefit cannot be less than the Traditional Death Benefit, but they may be equal. Please discuss this
            benefit&#8217;s appropriateness with your Financial Professional.</font> The death benefit is the greater of the Contract Value, or Guaranteed Death Benefit Value. The Guaranteed Death Benefit Value is either total Purchase Payments reduced
          proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit.&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The death benefit is only available during the
          Accumulation Phase.<font style="font-weight:Normal;"> If you or the Determining Life (Lives) die during the Accumulation Phase, we process the death benefit using prices determined after we receive the required information, which is either a
            Valid Claim or due proof of death as stated here. (For information on due proof of death see the Glossary &#8211; Valid Claim). If we receive this information at or after the end of the current Business Day, we use the next Business Day&#8217;s prices.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If there are multiple Beneficiaries, each
          Beneficiary receives the portion of the death benefit he or she is entitled to when we receive his or her Valid Claim. If a Beneficiary dies before you or the Designated Life, that Beneficiary&#8217;s interest in this Contract ends unless your
          Beneficiary designation specifies otherwise. If there are no remaining Beneficiaries, or no named Beneficiaries, we pay the death benefit to your estate, or if the Owner is a non-individual, to the Owner. Unless you instruct us to pay
          Beneficiaries a specific percentage of the death benefit, each Beneficiary receives an equal share.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Each Beneficiary&#8217;s portion of the death benefit
          remains in the Allocation Options based on the allocation instructions that were in effect on the date of death until we receive his or her Valid Claim and we either pay the claim or the Beneficiary provides alternate allocation instructions. If
          there is Variable Account Value in the AZL Government Money Market Fund awaiting transfer to the Index Options&#160;on the date of death, it remains there until the earlier of the next Index Anniversary, or the date we receive a Valid Claim. If an
          Index Anniversary occurs before we receive a Valid Claim, we will transfer that Beneficiary&#8217;s portion of the Variable Account Value destined for the Index Options based on the Purchase Payment default instructions that were in effect on the date
          of death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">From the time we determine the death benefit until
          we make a complete distribution, any amount in the Allocation Options continues to be subject to investment risk that is borne by the recipient(s). Once we receive notification of death, we may no longer accept or process transfer requests. After
          we receive the first Valid Claim from any Beneficiary we also will not accept additional Purchase Payments or allow any partial or full withdrawals unless the withdrawal is required to comply with federal tax law.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On the first death of a Determining Life during the
          Accumulation Phase, if your selected death benefit is in effect your Beneficiary(s) will receive the greater of the Contract Value&#160;or Guaranteed Death Benefit Value.&#160;The Guaranteed Death Benefit Value is either total Purchase Payments reduced
          proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit. For example, assume total Purchase
          Payments are $90,000, you take no withdrawals, the highest Contract Value on any Index Anniversary (the Maximum Anniversary Value) is $105,000, and the current Contract Value is $100,000. The death benefit for the Traditional Death Benefit is the
          $100,000 Contract Value, and for the Maximum Anniversary Value Death Benefit it is the $105,000 Maximum Anniversary Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If the date we are determining the death benefit is
          not the Term End Date&#160;and you selected the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, the Contract Value reflects the Daily Adjustment. Withdrawals you take reduce your Guaranteed Death Benefit Value by the
          percentage of Contract Value withdrawn (including any withdrawal charge), determined at the end of each Business Day. <font style="font-style:italic;font-weight:bold;">All withdrawals you take reduce the Guaranteed Death Benefit Value and
            Contract Value, even Penalty-Free Withdrawals, and financial adviser fees that you choose to have us pay from this Contract.&#160;</font>However, we&#160;do not reduce the Guaranteed Death Benefit Value for deductions we make for Contract fees and
          expenses.&#160;<font style="font-style:italic;font-weight:bold;">Deductions for Contract fees and expenses&#160;will, however, decrease the Contract Value by the dollar amount withdrawn&#160;and reduce the likelihood of receiving increases to the Maximum
            Anniversary Value</font>.&#160;<font style="font-style:italic;font-weight:bold;">In addition, because the death benefit is the greater of Contract Value, or the Guaranteed Death Benefit Value, deductions we make for Contract fees and expenses may
            reduce the death benefit available to your Beneficiaries.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Examples of the impact of withdrawals for financial
          adviser fees that you choose to have us pay from this Contract on the death benefit are included in section 1.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;65&#160;</div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_5">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Maximum Anniversary Value</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Maximum Anniversary Value is initially equal to
          the Purchase Payment received on the Issue Date. At the end of each Business Day, we adjust the Maximum Anniversary Value as follows.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z14cc3626c0804ef5b6ae13d45d8cf177" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">We increase it by the dollar amount of any additional Purchase Payments.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">We reduce it by the percentage of any Contract Value you withdraw (including any withdrawal charge).
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If the Index Effective Date occurs after the Issue
          Date, the Maximum Anniversary Value on the Index Effective Date is calculated in the same way as on an Index Anniversary.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On each Index Anniversary before the end date (or
          on the next Business Day if the Index Anniversary is not on a Business Day) the Maximum Anniversary Value is equal to the greater of:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z12e4120f060d473982c8d7b4390933e0" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">its current value after processing any additional Purchase Payments, or withdrawals you take (including any withdrawal charge), or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">the Contract Value determined at the end of the Business Day after we process all daily transactions including Credits, any additional Purchase Payments, withdrawals you take including any withdrawal
                  charges, and deductions we make&#160;for other Contract fees and expenses. Contract Value reflects the Daily Adjustment if you select a 3-year Term Index Option and this anniversary is not a Term End Date. <font style="font-style:italic;font-weight:bold;">Negative Index Option performance, withdrawals you take, and deductions we make for Contract fees&#160;or expenses decrease the Contract Value and reduce the likelihood of receiving increases to
                    the Maximum Anniversary Value.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">On and after the end date, we no longer make this
          comparison and we no longer capture any annual investment gains in the Maximum Anniversary Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The end date occurs on the earliest of:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zd1af8e5ec28e4c4aa5b276816a0ee94c" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the older Determining Life&#8217;s 91st birthday, or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">the end of the Business Day we receive the first Valid Claim from any one Beneficiary.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">Example</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z96378785d87846aaab8615e6dff2d434" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.99%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:bottom;width:65.27%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.69%;">Contract<br>
                  Value
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:24.04%;">Maximum Anniversary Value
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:65.27%;">Issue Date
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:6.69%;">$ 100,000
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:24.04%;">$ 100,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:65.27%;">1<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> Quarterly Anniversary
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:6.69%;">$ 99,250
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:24.04%;">$ 100,000
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:65.27%;">2<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> Quarterly Anniversary
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:6.69%;">$ 99,975
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:24.04%;">$ 100,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:65.27%;">3<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> Quarterly Anniversary
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:6.69%;">$ 100,125
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:24.04%;">$ 100,125
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:65.27%;">4<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Quarterly Anniversary/<br>
                  Index Anniversary
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:6.69%;">$ 99,995
                </td>
                <td style="line-height:0pt;padding-bottom:4pt;padding-right:3pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:3pt;padding-right:4pt;padding-top:1.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:24.04%;">$ 100,125
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z1dbcd594199f4e8a92ddfcb474add116" style="border-collapse:collapse;empty-cells:show;margin-top:1pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">On the Issue Date the Maximum Anniversary Value is equal to the initial Purchase Payment of $100,000.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">On the 1<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> and 2<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> Quarterly Anniversaries the Contract Value is less than the
                  Maximum Anniversary Value, so the Maximum Anniversary Value neither increases, nor decreases.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">On the 3<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> Quarterly Anniversary the Contract Value is greater than the Maximum Anniversary Value, so we increase the Maximum
                  Anniversary Value to equal the $100,125 Contract Value. The Maximum Anniversary Value will stay at $100,125 until the Contract Value on a Quarterly Anniversary is greater than this amount or you make an additional Purchase Payment (either
                  of which will increase the Maximum Anniversary Value), or you take a withdrawal (which will decrease the Maximum Anniversary Value).
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">What Happens Upon Death?</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you are the Determining Life, or if you and the
          Determining Life (Lives) are different individuals and die simultaneously as defined by applicable state law or regulation, we determine the Guaranteed Death Benefit Value at the end of the Business Day we receive a Valid Claim. For multiple
          Beneficiaries, each surviving Beneficiary receives the greater of their portion of the:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z343ecff8be234e1bad0b1e33b9f43b6d" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Guaranteed Death Benefit Value determined at the end of the Business Day we receive the first Valid Claim from any one Beneficiary, or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Contract Value determined at the end of the Business Day during which we receive his or her Valid Claim.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;66&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_6">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If you and the Determining Life (Lives) are
          different individuals and do not die simultaneously as defined by applicable state law or regulation, the death benefit is as follows. <font style="font-style:italic;font-weight:bold;">This can only occur if you change the Owner after the Issue
            Date.</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="ze104a3cb59a64ad1a0a2205a38ca116b" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">If a Determining Life dies before you, we do not pay a death benefit to the Beneficiary(s) but we may increase the Contract Value if the Traditional Death Benefit or Maximum Anniversary Value Death Benefit are still in
                  effect<font style="font-weight:Normal;">. At the end of the Business Day we receive due proof of a Determining Life&#8217;s death we increase the Contract Value to equal&#160;the Guaranteed Death Benefit Value if greater, </font><font style="font-style:italic;">and your selected death benefit ends</font><font style="font-weight:Normal;">. We allocate any Contract Value increase to the Allocation Options according to your Purchase Payment default instructions.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Upon your death your Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive each Beneficiary&#8217;s Valid Claim.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Traditional Death Benefit and Maximum Anniversary
          Value Death Benefit end upon the earliest of the following.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z5f3609ec56f8493180571d16ea7fa1ed" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Business Day before the Annuity Date.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The Business Day that the Guaranteed Death Benefit Value and Contract Value are both zero.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Upon the death of a Determining Life, the end of the Business Day we receive a Valid Claim from all Beneficiaries if you and the Determining Life are the same individuals, or if you and the Determining Life (Lives) are
                  different individuals and die simultaneously as defined by applicable state law or regulation.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Upon the death of a Determining Life, the end of the Business Day we receive due proof of the Determining Life&#8217;s death if you and the Determining Life (Lives) are different individuals and do not die simultaneously as
                  defined by applicable state law or regulation.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Upon the death of an Owner (or Annuitant if the Owner is a non-individual), the end of the Business Day we receive the first Valid Claim from any one Beneficiary, if the Owner (or Annuitant) is no longer a Determining Life.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">The Business Day the Contract ends.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="za86f0699b58b4fd89e6a2704745358bc" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">We base the Guaranteed Death Benefit Value on the first death of a Determining Life (or Lives). This means that upon the death of an Owner (or Annuitant if the Owner is a
                  non-individual), <font style="font-style:italic;font-weight:bold;">if a surviving spouse continues the Contract:</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; the Guaranteed Death Benefit Value
                  is no longer available, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; if you selected the Maximum
                  Anniversary Value Death Benefit, we no longer assess its 0.20% rider fee.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Also, if you and the Determining Life (Lives) are different individuals and you die first, the Guaranteed Death Benefit Value is not available to your
                  Beneficiary(s).
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Death of the Owner and/or Annuitant</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Appendix A to the Form N-4 SAI includes tables
          that are intended to help you better understand what happens upon the death of any Owner and/or Annuitant under the different portions of the Contract.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Death Benefit Payment Options During the
          Accumulation Phase</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Each Beneficiary must select one of the death
          benefit payment options listed below.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If a Beneficiary requests a lump sum payment under
          Option A, we pay that Beneficiary within seven days of receipt of his or her Valid Claim, unless the suspension of payments or transfers provision is in effect. Payment of the death benefit may be delayed, pending receipt of any state forms.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Spousal Continuation:<font style="font-weight:Normal;"> If the Beneficiary is the deceased Owner&#8217;s spouse, he or she can choose to continue the Contract with the portion of the death benefit the spouse is entitled to in his or her own name. For an IRA, Roth IRA, or SEP
            IRA Contract, spousal continuation can only occur if the surviving spouse is the Contract&#8217;s sole primary Beneficiary. For non-individually owned Contracts, spousal continuation is only available to Qualified Contracts through a direct rollover
            to an IRA. </font>Spouses must qualify as such under federal law to continue the Contract.<font style="font-weight:Normal;"> Individuals who have entered into a registered domestic partnership, civil union, or other similar relationship that
            is not considered to be a marriage under state law are also not considered to be married under federal law. An election by the spouse to continue the Contract must be made on the death claim form before we pay the death benefit. If the deceased
            Owner was a Determining Life and the surviving spouse Beneficiary continues the Contract, at the end of the Business Day we receive his or her Valid Claim we</font></div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;67&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_7">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">increase the Contract Value to equal&#160;the Guaranteed Death Benefit
          Value if greater and available, and your selected death benefit ends. We allocate any Contract Value increase to the Allocation Options according to Purchase Payment default instructions. If the surviving spouse continues the Contract:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z3d299e8b121e49259ed8d2a8eb2f8276" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">he or she becomes the new Owner and may exercise all of the Owner&#8217;s rights, including naming a new Beneficiary or Beneficiaries;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">he or she is subject to any remaining withdrawal charge; and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">upon the surviving spouse&#8217;s death their Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive a Valid Claim from each Beneficiary.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Death Benefit Payment Options</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following applies to Non-Qualified Contracts.
          Different rules may apply to Qualified Contracts. For more information, please see section 11, Taxes &#8211; Distributions Upon the Owner&#8217;s Death (or Annuitant&#8217;s Death if the Owner is a Non-Individual).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option A:<font style="font-weight:Normal;"> Lump sum
            payment of the death benefit.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option B:<font style="font-weight:Normal;"> Payment
            of the entire death benefit within five years of the date of any Owner&#8217;s death. The Beneficiary can continue to make transfers between Allocation Options and is subject to a transfer fee and a 1.25% m&amp;e charge for any amounts allocated to
            the Variable Options.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Option C:<font style="font-weight:Normal;"> If the
            Beneficiary is an individual, payment of the death benefit as Annuity Payments under Annuity Options 1, 2, or 5. With our written consent other options may be available for payment over a period not extending beyond the Beneficiary&#8217;s life
            expectancy under which the Beneficiary can continue to make transfers between Allocation Options and is subject to a transfer fee and a 1.25% m&amp;e charge for any amounts allocated to the Variable Options.</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Distribution from Non-Qualified Contracts must
          begin within one year of the date of the Owner&#8217;s death. Any portion of the death benefit from Non-Qualified Contracts not applied to Annuity Payments within one year of the date of the Owner&#8217;s death must be distributed within five years of the
          date of death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If a Non-Qualified Contract is owned by a
          non-individual, then we treat the death of an Annuitant as the death of an Owner for purposes of the Code&#8217;s distribution at death rules, which are set forth in Section 72(s) of the Code.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In all events, notwithstanding any provision to the
          contrary in the Contract or this prospectus, a Non-Qualified Contract is interpreted and administered in accordance with Section 72(s) of the Code.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">11.<font style="text-transform:uppercase;">&#160;&#160;Taxes</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">This section provides a summary explanation of the
          tax ramifications of purchasing a Contract. <font style="font-weight:bold;">We do not provide individual tax advice. You should contact your tax adviser to discuss this Contract&#8217;s effects on your personal tax situation.</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Annuity Contracts in General</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Annuity contracts are a means of setting aside
          money for future needs &#8211; usually retirement. Congress recognized the importance of saving for retirement and provided special rules in the Code for annuities.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">There are different rules regarding how you will be
          taxed, depending upon how you take the money out and whether the annuity is Qualified or Non-Qualified. Generally any taxable distribution is subject to federal income tax and any applicable state income tax at ordinary income tax rates (instead
          of capital gains rates).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can purchase either a Qualified Contract or a
          Non-Qualified Contract.&#160; If you do not purchase one of the various types of Qualified Contracts described in this section, the Contract is referred to as a Non-Qualified Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">This prospectus does not address specific state tax
          laws. You should discuss state taxation with your tax adviser.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Qualified Contracts</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you purchase the Contract as an IRA, Roth IRA,
          SEP IRA, or to fund a qualified retirement plan, the Contract is referred to as a Qualified Contract. Qualified Contracts are subject to certain restrictions under the Code, including restrictions on the amount of annual contributions,
          restrictions on how much you can earn and still be able to contribute to a Qualified Contract, and specialized restrictions on withdrawals. Qualified Contracts must be purchased from earned income from the</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">relevant year or years, or from a rollover or transfer from a
          qualified contract. An IRA to IRA indirect rollover can occur only once in any twelve-month period from all of the IRAs you currently own. Adverse tax consequences may result if contributions, distributions, and transactions in connection with
          the Qualified Contract do not comply with the law.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A Qualified Contract funded by an annuity does not
          provide any additional tax deferral. However, the Contract has features and benefits other than tax deferral that may make it appropriate for an IRA or qualified retirement plan. You should consult your tax adviser regarding these features and
          benefits before purchasing a Qualified Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may issue the following types of Qualified
          Contracts to an individual. Purchasers of a Contract for use with IRAs have the right to revoke their purchase within seven days of the earliest of the establishment of the IRA, or their purchase.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; text-align: left; text-decoration: none; text-transform: none;">&#8226;&#160;&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 7pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">IRA (Traditional IRA).</font> Section 408 of the Code permits eligible individuals to fund IRAs. IRA contributions are limited each year to the lesser of a dollar amount specified in the Code or 100% of the
          amount of earned income included in the Owner&#8217;s income. Contributions may be tax deductible based on the Owner&#8217;s income. Contributions must be made in cash. The limit on the amount contributed to an IRA does not apply to distributions from
          certain other types of IRAs or qualified retirement plans that are transferred or rolled over on a tax-deferred basis into an IRA.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; text-align: left; text-decoration: none; text-transform: none;">&#8226;&#160;&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 7pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Roth IRA.</font> Section 408A of the Code permits certain eligible individuals to contribute to a Roth IRA. Contributions to a Roth IRA are limited each year to the lesser of a dollar amount specified in the
          Code or 100% of the amount of earned income included in the Owner&#8217;s income. Contributions are also limited or prohibited if the Owner&#8217;s income is above certain limits. Contributions must be made in cash. The limit on the amount contributed to a
          Roth IRA does not apply to distributions from certain other types of IRAs or qualified retirement plans that are transferred or rolled over (conversion) into a Roth IRA.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 5pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">Conversions to a Roth IRA from an IRA or other eligible qualified retirement plan are permitted regardless of an individual&#8217;s income. A conversion to a Roth IRA results in a taxable event, but not a 10% additional federal tax for early
          withdrawal if certain qualifications are met (please consult your tax adviser for more details).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; text-align: left; text-decoration: none; text-transform: none;">&#8226;&#160;&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 7pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Simplified Employee Pension (SEP) IRA</font>. Employers may establish SEP IRAs under Code Section 408(k) to provide IRA contributions on behalf of their employees. In addition to all of the general rules
          governing IRAs, such plans are subject to additional requirements and different contribution limits.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z550a83d9882c4f3cb16afd750f423de3" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;"><font style="text-decoration:underline;">Inherited IRA.</font><font style="padding-left:0pt;"> The Code permits beneficiaries of investments that were issued under qualified retirement plans or IRAs to directly transfer the
                    death benefit from that investment into a variable annuity contract (Inherited IRA&#160;or Inherited Roth IRA Contract). If you purchase this Contract as a transfer from another carrier, you will become the Owner of the new Inherited IRA
                    Contract&#160;or Inherited Roth IRA Contract. The ownership of this Contract will also reflect the name of the deceased previous owner. Once an Inherited IRA&#160;or Inherited Roth IRA Contract is established, no further Purchase Payments can be
                    made. We may choose not to allow this Contact to be purchased as an Inherited IRA or Inherited Roth IRA.</font>
                </td>
              </tr>
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                <td style="line-height:0pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:2.83%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">We may issue the following type of Qualified Contract to a qualified retirement plan.&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; text-align: left; text-decoration: none; text-transform: none;">&#8226;&#160;&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 7pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Qualified Retirement Plans: Pension and Profit-Sharing Plans.</font> A qualified plan is a retirement or pension plan that meets the requirements for tax qualification under the Code. Sections 401(a) and
          401(k) of the Code permit employers, including self-employed individuals, to establish various types of retirement plans for employees. These retirement plans may permit the purchase of the Contracts to provide benefits under the plan.
          Contributions to the plan for the benefit of employees are not included in the gross income of the employee until distributed from the plan. The tax consequences to participants may vary, depending upon the particular plan design. Participant
          loans are not allowed under the Contracts purchased in connection with these plans.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 5pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">If the Contract is purchased for
          a qualified plan under Section 401 of the Code, the plan is both the Owner and the Beneficiary. The authorized signatory, plan administrator, or plan trustee for the plan must make representations to us that the plan is qualified under the Code
          on the Issue Date and is intended to continue to be qualified for the entire Accumulation Phase of the Contract, or as long as the qualified plan owns the Contract. The qualified plan may designate a third party administrator to act on its
          behalf. All tax reporting is the responsibility of the plan. In the event the qualified plan instructs us to roll the plan assets into an IRA for the Annuitant under this Contract, we change the qualification type of the Contract to an IRA and
          make the Annuitant the Owner. The qualified plan is responsible for any reporting required for the rollover transactions out of the plan. We are responsible for any reporting required for the Contract as an IRA.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 5pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">Purchasers of Contracts for use with pension or profit-sharing plans should obtain competent tax advice as to the tax treatment and suitability of a holding an annuity within a plan.&#160; Because of the minimum Purchase Payment requirements, these
          Contracts may not be appropriate for some retirement plans that are funded on a periodic basis.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;69&#160;</div>
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    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_9">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">Owners, Annuitants and Beneficiaries are
          cautioned that benefits under a Qualified Contract may be subject to the terms and conditions of the plan regardless of the terms and conditions of the Contracts issued pursuant to the plan. Some retirement plans are subject to distribution and
          other requirements that are not incorporated into our administrative procedures. We are not bound by the terms and conditions of such plans to the extent such terms conflict with the terms of a Contract, unless we specifically consent to be
          bound. Owners, participants, and Beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law. We may choose not to allow pension or profit-sharing
          plans to purchase this Contract.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Summary of Individuals and Entities That Can Own a
          Qualified Contract</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Currently, we offer the following types of
          Qualified Contracts.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zf49bab858ba24f37ad1991856d09083c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:9pt; padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.40%;">Type of Contract
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:9pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:bottom;width:70.42%;">Persons and Entities that can own the Contract
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:31.40%;">IRA
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.42%;">Must have the same individual as Owner and Annuitant.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:31.40%;">Roth IRA
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.42%;">Must have the same individual as Owner and Annuitant.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:31.40%;">Simplified Employee Pension (SEP) IRA
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.42%;">Must have the same individual as Owner and Annuitant.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:31.40%;">Certain Code Section 401 Plans
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:9pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:70.42%;">A qualified retirement plan is the Owner and the Annuitant must be an individual who is a participant in the plan. If the qualified retirement plan is a defined
                  benefit plan, the individual must be the only participant in the plan.<br>
                  We may determine which&#160;types of qualified retirement plans are eligible to purchase this Contract.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:9pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:31.40%;">Inherited IRA&#160;and Inherited Roth IRA
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:9pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:70.42%;">Must have the same individual as Owner and Annuitant. The deceased owner of the previously held tax-qualified arrangement will also be listed in
                  the titling of the Contract.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Non-Qualified Contracts</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You can instead purchase a Non-Qualified Contract,
          which is not qualified pursuant to a specialized provision of the Code.&#160; There are no Code restrictions on annual contributions to a Non-Qualified Contract or how much you can earn and still contribute to a Contract.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Non-Qualified Contracts Owned by Non-Individuals</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">When a Non-Qualified Contract is owned by a
          non-individual (other than a trust holding the Contract as an agent for an individual), the Contract is not generally treated as an annuity for tax purposes. This means that the Contract may not receive the benefits of tax deferral and any
          Contract earnings may be taxable every year.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Taxation of Withdrawals</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">When you take money out of a Contract, we may
          deduct premium tax that we pay on your Contract. This tax varies from 0% to 3.5%, depending on your state. Currently, we pay this tax and do not pass it on to you.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Section 72 of the Code governs taxation of
          annuities in general. An Owner is generally not taxed on increases in the value of a Contract until a distribution occurs, either in the form of withdrawals or as Annuity Payments.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For a full withdrawal (total redemption), a partial
          withdrawal, or a death benefit, the recipient is taxed on the portion of the payment that exceeds your investment in the Contract (often referred to as cost basis). For Non-Qualified Contracts, this cost basis is generally the Purchase Payments,
          while for Qualified Contracts there is generally no cost basis, which means the withdrawal is fully taxable, except for qualified distributions from Roth IRAs and IRAs where you have separately tracked and reported any after-tax contributions
          that you have made.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For Non-Qualified Contracts, the taxable portion of
          a partial withdrawal is the portion of the payment considered to be gain in the Contract (for example, the difference, if any, between the Contract Value immediately before the withdrawal,&#160;unreduced by any withdrawal charges, and the Contract&#8217;s
          cost basis). The withdrawals are generally taxed as though you were paid taxable earnings first, and then as a non-taxable return of Purchase Payments.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Distributions from a Roth IRA generally are not
          subject to income tax if the Roth IRA has been held for five years (starting with the year in which the first contribution is made to any Roth IRA) and the Owner satisfies a triggering event such as attaining age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>, death, disability or a first time homebuyer (subject to a $10,000 lifetime limit).</div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;70&#160;</div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Distribution before satisfying the five year period
          or triggering event requirement may subject the distribution to taxation. Please be aware that each Roth IRA conversion has its own five year holding period requirement for purposes of determining if the 10% additional federal tax described below
          applies.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">10% Additional Federal Tax</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Withdrawals, whether partial or full, and Annuity
          Payments may also be subject to an additional federal tax equal to 10% of the taxable amount, unless an exception applies. If you take a withdrawal before age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>, you may be subject to a 10% additional federal tax, unless you satisfy one of the exceptions. The exceptions are different for Qualified Contracts and Non-Qualified Contracts, and are also
          different for IRAs and qualified plans. If the Contract is jointly owned, we send one check payable to both Joint Owners and tax report each Joint Owner individually. <font style="font-style:italic;font-weight:bold;">Tax reporting each Joint
            Owner individually can create a discrepancy in taxation if only one Joint Owner is under age 59<sup style="font-style: italic; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;</font><font style="font-size:6pt;font-style:italic;font-weight:bold;line-height:8pt;">2</font><font style="font-style:italic;font-weight:bold;"> because that Joint Owner will be subject to the 10% additional federal tax.</font></div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Exceptions to the 10% Additional Federal Tax for
          Qualified Contracts</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="za74b7df60ace4db18ef3858fc5b4fdea" style="border-collapse:collapse;empty-cells:show;margin-top:1pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made on or after the date you (or the Annuitant as applicable) reach age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions following your death or disability (or the Annuitant as applicable) (for this purpose disability is as defined in Section 72(m)(7) of the Code);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">4)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made to you after separation from service after reaching age 55 (does not apply to IRAs);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">5)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made to you to the extent such distributions do not exceed the amount allowed as a deduction under Code Section 213 for amounts paid during the tax year for medical care;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">6)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made on account of an IRS levy upon the Qualified Contract;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">7)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions from an IRA for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for you and your spouse and dependents if you have received unemployment compensation for at least 12 weeks
                  (this exception will no longer apply after you have been re-employed for at least 60 days);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">8)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions from an IRA made to you, to the extent such distributions do not exceed your qualified higher education expenses (as defined in Section 72(t)(7) of the Code) for the tax year;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">9)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions from an IRA which are qualified first-time homebuyer distributions (as defined in Section 72(t)(8) of the Code);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">10)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made to an alternate Payee pursuant to a qualified domestic relations order (does not apply to an IRA);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">11)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">distributions made to a reservist called to active duty after September 11, 2001, for a period in excess of 179 days (or for an indefinite period), from IRAs or amounts attributable to elective deferrals under a 401(k) plan
                  made during such active period; and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">12)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">distributions made during the payment period starting on the birth of a child or the finalization of an adoption (up to $5,000).
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to (12) above, a qualified birth or
          adoption distribution may be repaid in one or more contributions into an IRA or qualified retirement plan (if you are eligible to make a contribution to the qualified retirement plan). The repayment contribution will be treated as a rollover into
          the IRA or qualified retirement plan.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to (3) above, if the series of
          substantially equal periodic payments is modified before the later of the Annuitant attaining age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font> or the close of
          the five year period that began on the date the first payment was received, then the tax for the year of the modification is increased by the 10% additional federal tax, plus interest for the tax years in which the exception was used. A partial
          withdrawal, partial transfer, or partial rollover taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of
          the 10% additional federal tax and interest for the period as described above. You should obtain competent tax advice before you take any partial withdrawals from your Contract. Adding Purchase Payments to a Contract that is making substantially
          equal periodic payments will also result in a modification of the payments.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For 2020 only, the Coronavirus Aid, Relief, and
          Economic Security (CARES) Act, permitted corona-virus related distributions from Qualified Contracts and IRAs up to an aggregate amount of $100,000. This type of distribution was an exception to the 10% federal additional tax. To qualify for the
          distribution, generally you, your spouse, or dependent had to have been diagnosed with the virus, or you had to have been affected economically in certain ways because of the virus. The tax associated with the distributions may be paid ratably
          over three years, beginning with the 2020 tax year. The</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;71&#160;</div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">CARES Act also allows you to recontribute the amount you withdrew
          to an eligible retirement plan (to which you can make a rollover contribution) in one or more payments within three years.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: italic; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Exceptions to the 10% Additional Federal Tax for
          Non-Qualified Contracts</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z139019daf5c949ad9a02ea6854f68fe7" style="border-collapse:collapse;empty-cells:show;margin-top:1pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">paid on or after you reach age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8202;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font>;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">paid after you die;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">paid if you become totally disabled (as that term is defined in Section 72(m)(7) of the Code);
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">4)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">5)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">paid as annuity payments under an immediate annuity; or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">6)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">that come from Purchase Payments made before August 14, 1982.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to (4) above, if the series of
          substantially equal periodic payments is modified before the later of your attaining age 59<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font> or the close of the five
          year period that began on the date the first payment was received, then the tax for the year of the modification is increased by the 10% additional federal tax, plus interest, for the tax years in which the exception was used. A partial
          withdrawal or partial 1035 exchange taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of the 10%
          additional federal tax and interest for the period as described above. Adding Purchase Payments to a Contract that is making substantially equal periodic payments will also result in a modification of the payments.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Non-Qualified Annuity Medicare Tax</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Distributions from Non-Qualified Contracts are
          considered investment income for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may apply to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds
          certain threshold amounts ($200,000 for filing single, $250,000 for married filing jointly and $125,000 for married filing separately.) This tax does not apply to distributions from Qualified Contracts. Please consult a tax adviser for more
          information.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Payments for Financial Adviser Fees</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Any financial adviser fees that you choose to have
          us pay from this Contract to your Financial Professional or Financial Professional's firm may result in a taxable distribution. <font style="font-style:italic;font-weight:bold;">Please consult with your Financial Professional before requesting
            us to pay financial adviser fees from this Contract compared to other assets you may have since federal and/or state taxing authorities could determine that such fees should be treated as taxable distributions.</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">RMDs From Qualified Contracts</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Distributions from a Qualified Contract must
          commence no later than the required beginning date. For Roth IRAs, no distributions are required during the Owner&#8217;s lifetime. For IRAs other than Roth IRAs, the required beginning date is April 1 of the calendar year following the year in which
          you attain age 72 (or age 70<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font> if you reached this age prior to January 1, 2020). Under a qualified plan, the required
          beginning date is generally April 1 of the calendar year following the later of the calendar year in which you reach age 72 (or age 70<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;1</sup>&#8260;<font style="font-size:6pt;line-height:8pt;">2</font> if you reached this age prior to January 1, 2020) or retire.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Generally, RMDs must be made over a period not
          exceeding the life or life expectancy of the individual or the joint lives or life expectancies of the individual and his or her designated Beneficiary. If the RMDs are not made, a 50% additional federal tax is imposed as to the amount not
          distributed. If you are attempting to satisfy these rules through partial withdrawals, the present value of future benefits provided under the Contract may need to be included in calculating the amount required to be distributed. If you enroll in
          our minimum distribution program, we make RMD payments to you that are designed to meet this Contract&#8217;s RMD requirements.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Diversification</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Code Section 817(h) and accompanying Treasury
          Department Regulations imposes diversification standards on the assets underlying variable annuity contracts. The Code provides that a variable annuity contract cannot be treated as an annuity contract for any period during which its investments
          are not adequately diversified as required by the United States Treasury Department. If the Contract no longer qualifies as an annuity contract, you would be subject to federal income tax each year with respect to Contract earnings accrued. We
          intend&#160;to manage all available Index Options, and we intend that all Variable Options be managed by the investment advisers so that they comply with these diversification standards.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;72&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Owner Control</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Treasury Department has indicated that the
          diversification regulations do not provide guidance regarding the circumstances in which an Owner&#8217;s control of the Separate Account&#8217;s investments may cause the Owner to be treated as the owner of the Separate Account&#8217;s assets, which would cause
          the Contract to lose its favorable tax treatment. In certain circumstances, variable annuity contract owners have been considered for federal income tax purposes to be the owners of the separate account&#8217;s assets, due to their ability to exercise
          investment control over those assets. In this case, the contract owners have been currently taxed on income and gains attributable to the variable account assets. There is little guidance in this area and some of our Contract&#8217;s features, such as
          the flexibility of an Owner to allocate Purchase Payments and transfer amounts among available Variable Options, have not been explicitly addressed in published rulings. While we believe that the Contracts do not give Owners investment control
          over Separate Account assets, we reserve the right to modify the Contracts as necessary to prevent an Owner from being treated as the owner of the Separate Account assets.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Taxation of Annuity Payments</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For Annuity Payments from Non-Qualified Contracts,
          the portion of each payment included in income is determined by an exclusion ratio. The exclusion ratio is a calculation that causes a portion of each Annuity Payment to be non-taxable, based upon the percentage of your Contract Value that is
          from Purchase Payments. We determine the exclusion ratio for Annuity Payments by dividing the investment in the Contract (adjusted for any guaranteed period or refund guarantee) by the expected return anticipated to be paid as Annuity Payments
          (which is determined by Treasury Regulations). We determine the amount of each Annuity Payment that is excluded from income by multiplying the Annuity Payment by the exclusion ratio. Annuity Payments received after the investment in the Contract
          has been recovered (for example, when the total of the amounts excluded from income equal the investment in the Contract) are fully taxable.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Generally, Annuity Payments from Qualified
          Contracts are fully taxable unless you have separately tracked and reported any after-tax contributions that you have made. Annuity Payments that are qualified distributions from Roth IRAs are federal income tax free. Owners, Annuitants and
          Beneficiaries under the Contracts should seek competent financial advice about the tax consequences of any distributions.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Distributions Upon the Owner&#8217;s Death (or
          Annuitant&#8217;s Death If the Owner Is a Non-individual)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Section 72(s) of the Code requires that, to be
          treated as an annuity contract for federal income tax purposes, a Non-Qualified Contract must contain certain provisions regarding distributions when an Owner dies. Specifically, Section 72(s) requires that: (a) if an Annuitant dies on or after
          you annuitize the Contract, but before distribution of the entire Contract&#8217;s interest, the entire Contract&#8217;s interest must be distributed at least as rapidly as under the distribution method being used as of the Annuitant&#8217;s date of death; and (b)
          if any Owner (or the Annuitant if the Owner is a non-individual) dies before you annuitize the Contract, the Contract&#8217;s entire interest must be distributed within five years after the Owner&#8217;s date of death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">These requirements are satisfied as to any part of
          an Owner&#8217;s interest that is payable to, or for the benefit of, a designated Beneficiary and distributed over the designated Beneficiary&#8217;s life, or over a period not extending beyond that Beneficiary&#8217;s life expectancy, provided that distributions
          begin within one year of the Owner&#8217;s death. The designated Beneficiary refers to an individual designated by the Owner as a Beneficiary and to whom ownership of the Contract passes by reason of death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">However, if the designated Beneficiary is the
          deceased Owner&#8217;s surviving spouse, the surviving spouse can continue the Contract as the new Owner. If a couple is married in a jurisdiction (including a foreign country) that recognizes same-sex marriage, that marriage will be recognized for all
          federal tax purposes regardless of the law in the jurisdiction where they reside. However, the IRS did not recognize civil unions and registered domestic partnerships as marriages for federal tax purposes. Depending on the state in which your
          Contract is issued, we may offer certain spousal benefits to same-sex civil union couples, domestic partners or spouses. You should be aware, however, that, if state law does not recognize the civil union or registered domestic partnership as a
          marriage, we cannot permit the surviving partner/spouse to continue the Contract within the meaning of the federal tax law.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Same-sex civil union couples, domestic partners and
          spouses should contact their financial professional and a qualified tax adviser regarding their personal tax situation, the implications of any Contract benefits based on a spousal relationship, and their partner&#8217;s/spouse&#8217;s rights and benefits
          under the Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Non-Qualified Contracts contain provisions that are
          intended to comply with these Code requirements.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;73&#160;</div>
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          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Upon death of an Owner of a Qualified Contract, the
          Setting Every Community Up for Retirement (SECURE) Act (contained within the Further Consolidated Appropriations Act enacted December 20, 2019) made significant changes to the payment options available to Beneficiaries of Owners who die on or
          after January 1, 2020. The rules discussed below reference IRA Contracts, but similar rules also apply to qualified retirement plans. With some exceptions, IRA Beneficiaries must receive their entire death benefit by December 31 following the
          tenth anniversary of the IRA Owner&#8217;s death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The payments options for IRA Beneficiaries differ
          depending on several factors, including whether a Beneficiary is an Eligible Designated Beneficiary (EDB). An EDB includes any Beneficiary of the deceased IRA Owner who at time of death is: 1) the surviving spouse, 2) not more than ten years
          younger than the IRA Owner, 3) a minor child of the IRA Owner, 4) chronically ill, or 5) disabled. EDB status is determined at the IRA Owner&#8217;s death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you are an EDB, then you can begin RMD payments
          based on your single life expectancy (&#8220;stretch payments&#8221;) in the year following the deceased Owner&#8217;s death. You must begin to receive these RMD payments by December 31 of the year following the deceased Owner&#8217;s death (but see the exception for a
          spouse beneficiary below). If you are an EDB that elected to receive payments over your life expectancy, once you die, then your beneficiary must receive their entire death benefit by December 31 following the tenth anniversary of your death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For a minor child Beneficiary, the payments based
          on life expectancy may continue only until the minor child reaches the age of majority (age 18 or the age specified in Treasury Regulations). The minor child Beneficiary must receive their entire death benefit by December 31 following the tenth
          anniversary of reaching the age of majority.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you were the spouse Beneficiary of the deceased
          Owner&#8217;s IRA Contract and your spouse had not yet reached the date at which he/she was required to begin receiving RMD payments (treating a Roth IRA as a traditional IRA for this purpose only), then you can wait to begin receiving RMD payments
          until the year that your spouse would have reached age 72. Alternatively, if the deceased Owner had already reached the date at which he/she was required to begin receiving RMD payments, you must begin to receive these RMD payments by December 31
          of the year following the deceased Owner&#8217;s death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you are a designated Beneficiary (generally an
          individual), but are not an EDB, the entire death benefit must be distributed by December 31 after the tenth anniversary of the IRA Owner&#8217;s death. If you die before the end of the ten-year period and the entire death benefit has not been
          distributed, your beneficiary must receive the entire death benefit by the same date you would have been required to receive the death benefit.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If the Beneficiary of the IRA Contract is a trust,
          current Treasury Regulations provide &#8220;see-through&#8221; treatment for trusts that meet certain requirements. If such treatment applies, the beneficiaries of the trust, rather than the trust itself will be treated as having been designated as
          beneficiaries of the IRA Contract for purposes of determining the distribution period for RMD payments. Due to the changes made by SECURE, there is uncertainty regarding which distribution options are available when a trust is the Beneficiary of
          an IRA Contract. Clarification of situations involving trust Beneficiaries is expected to be provided when the Treasury Department releases applicable regulations. Individuals are encouraged to seek guidance from their own tax professional or
          legal counsel to determine how these new rules apply to their particular situation.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If the IRA Beneficiary is not a &#8220;designated
          beneficiary&#8221; (e.g., beneficiary is an estate, charity, or a trust that does not meet the requirements for &#8220;see-through&#8221; treatment), then the payment options are unchanged by the SECURE Act. If the IRA Owner had not yet reached the date at which
          he/she was required to begin receiving RMD payments (treating a Roth IRA as a traditional IRA for this purpose only), then these IRA Beneficiaries must receive their entire death benefit by December 31 following the fifth anniversary of the IRA
          Owner&#8217;s death. Alternatively, if the deceased Owner had already reached the date at which he/she was required to begin receiving RMD payments, these IRA Beneficiaries can begin RMD payments based on the single life expectancy of the Owner in the
          year of the deceased Owner&#8217;s death, reduced by one. These Beneficiaries must begin to receive these RMD payments by December 31 of the year following the deceased Owner&#8217;s death.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The SECURE Act impacts situations when the IRA
          Owner died before January 1, 2020 and the Beneficiary had elected stretch payments. In this situation, the stretch payments can continue to the Beneficiary, but once that Beneficiary dies, the successor beneficiary must receive any remaining
          death benefit by December 31 following the tenth anniversary of the original Beneficiary&#8217;s death.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;74&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The SECURE Act may limit the annuitization options
          that a Beneficiary may elect at the IRA Owner&#8217;s death to comply with the new death benefit payment rules. Also, if an IRA Owner elected an annuitization option and then dies, action may be needed by the Beneficiary if any remaining Annuity
          Payments do not comply with the new death benefit payment rules for a Beneficiary.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Tax-Free Section 1035 Exchanges</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Subject to certain restrictions, you can make a
          &#8220;tax-free&#8221; exchange under Section 1035 of the Code for all or a portion of one non-qualified annuity contract for another, or all of a life insurance policy for a non-qualified annuity contract. If you perform a partial 1035 exchange, please be
          aware that no distributions or withdrawals can occur from the old or new annuity contract within 180 days of the partial exchange, unless you qualify for an exception to this rule. IRS guidance also provides that certain partial exchanges may not
          qualify as tax-free exchanges. You should consult a tax adviser to discuss the potential tax effects before making a 1035 exchange.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Before making an exchange, you should compare both
          contracts carefully. Remember that if you exchange a life insurance policy or annuity contract for the Contract described in this prospectus:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zc7f27c8f767e4f38a4555d9fc1ebc86d" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">you might have to pay a withdrawal charge on your previous contract,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">there is a new withdrawal charge period for this Contract,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">other charges under this Contract may be higher (or lower),
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the benefits may be different, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">you no longer have access to any benefits from your previous contract.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">If the exchange does not qualify for Section 1035
          treatment, you also may have to pay federal income tax, including a possible additional federal tax, on the exchange. You should not exchange an existing life insurance policy or another annuity contract for this Contract unless you determine the
          exchange is in your best interest and not just better for the person selling you the Contract&#160;who generally earns a commission on each sale.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Multiple Non-Qualified Contracts Purchased In the
          Same Year By the Same Owner</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Code Section 72(e)(12) provides that multiple
          Non-Qualified deferred annuity contracts issued within the same calendar year to the same owner by one company or its affiliates are treated as one annuity contract for purposes of determining a distribution&#8217;s tax consequences. This treatment may
          result in adverse tax consequences, including more rapid taxation of distributions from combined contracts. For purposes of this rule, contracts received in a Section 1035 exchange are considered issued in the year of the exchange. You should
          consult a tax adviser before purchasing more than one Non-Qualified Contract in any calendar year period.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Assignments, Pledges and Gratuitous Transfers</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Any assignment or pledge (or agreement to assign or
          pledge) the Contract Value is treated for federal income tax purposes as a full withdrawal. The Contract will not qualify for tax deferral while the assignment or pledge is effective. Qualified Contracts generally cannot be assigned, pledged, or
          transferred to another individual. For Non-Qualified Contracts, the Contract&#8217;s cost basis is increased by the amount includible as income with respect to such amount or portion, though it is not affected by any other aspect of the assignment or
          pledge (including its release). If an Owner transfers a Non-Qualified Contract (an ownership change) without adequate consideration to a person other than their spouse (or to a former spouse incident to divorce), the Owner is taxed on the
          difference between his or her Contract Value and the Contract&#8217;s cost basis at the time of transfer. In such case, the transferee&#8217;s investment in the Contract is increased to reflect the increase in the transferor&#8217;s income. An Owner should consult
          a tax adviser before requesting an assignment, transfer, or pledge.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Income Tax Withholding</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Any part of a distribution that is taxable to the
          Owner or Beneficiary is subject to federal and/or state income tax withholding. Generally, we withhold amounts from Annuity Payments at the same rate as wages, and we withhold 10% from non-periodic payments, such as withdrawals. However, in most
          cases, you may elect not to have taxes withheld or to have withholding done at a different rate.</div>
      </div>
      <div type="Block" style="margin-top:56pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;75&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_15">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Certain distributions from retirement plans
          qualified under Code Section 401 that are not directly rolled over to another eligible retirement plan or IRA, are subject to a mandatory 20% federal income tax withholding. The 20% withholding requirement generally does not apply to:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zdfb199ee281440e89d8bda5516e2a36c" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">a series of substantially equal payments made at least annually for the life or life expectancy of the participant or joint and last survivor expectancy of the participant and a designated Beneficiary, or for a specified
                  period of ten years or more; or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">RMDs; or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">any part of a distribution not included in gross income (for example, returns of after-tax contributions); or
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">hardship withdrawals.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Plan participants should consult a tax adviser
          regarding income tax withholding requirements.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Federal Estate Taxes</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">While no attempt is being made to discuss the
          Contract&#8217;s federal estate tax implications, an Owner should keep in mind the annuity contract&#8217;s value payable to a Beneficiary upon the Owner&#8217;s death is included in the deceased Owner&#8217;s gross estate. Depending on the annuity contract, the
          annuity&#8217;s value included in the gross estate may be the value of the lump sum payment payable to the designated Beneficiary, or the actuarial value of the payments to be received by the Beneficiary. Consult an estate planning adviser for more
          information.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Generation-Skipping Transfer Tax</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Code may impose a &#8220;generation-skipping transfer
          tax&#8221; when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations may require us to deduct this tax from your Contract, or from any applicable
          payment, and pay it directly to the IRS.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Foreign Tax Credits</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may benefit from any foreign tax credits
          attributable to taxes paid by certain funds to foreign jurisdictions to the extent permitted under the federal tax law.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Possible Tax Law Changes</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Although the likelihood of legislative or
          regulatory changes is uncertain, there is always the possibility that the Contract&#8217;s tax treatment could change. Consult a tax adviser with respect to legislative or regulatory developments and their effect on the Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We have the right to modify the Contract in
          response to legislative or regulatory changes that could otherwise diminish the favorable tax treatment that annuity owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as
          tax advice.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">12.<font style="text-transform:uppercase;">&#160;&#160;Other
            Information</font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">The Registered Separate Account</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We established Allianz Life Variable Account B (the
          Separate Account) as a separate account under Minnesota insurance law on May 31, 1985. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940. The SEC does not supervise our management
          of the Separate Account.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Separate Account holds the Variable Options'
          shares that have been purchased with Contract assets. We keep the Separate Account assets separate from the assets of our general account and other separate accounts, including the non-unitized separate accounts we established in connection with
          the Index Options. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Variable Option.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We own the assets of the Separate Account. Income,
          gains, and losses credited to, or charged against, the Separate Account reflect the Separate Account&#8217;s own investment experience and not the investment experience of the our other assets. The Separate Account&#8217;s assets are insulated, so that the
          assets cannot be used to pay any of our liabilities, other than those arising from the investment of Contract assets in the Variable Options.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If the Separate Account&#8217;s assets exceed the
          required reserves and other liabilities, we may transfer the excess to our general account, to the extent of seed money invested by us or earned fees and expenses. The obligations under the Contracts are obligations of Allianz Life. We are
          obligated to pay all amounts promised to investors under the Contracts.</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;76&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_16">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Our General Account</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our general account holds all our assets other than
          assets in our separate accounts. We own our general account assets, and, subject to applicable law, have sole investment discretion over them. The assets are subject to our general business operation liabilities and claims of our creditors and
          may lose value. We have not registered our general account as an investment company under the Investment Company Act of 1940.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our general account assets fund guarantees provided
          in the Contracts, including obligations associated with the death benefit. Contract Value that you apply to Annuity Payments becomes part of our general account.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Our Unregistered Separate Account</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We hold the assets you allocate to the Index
          Options in Separate Account IANA, which we established under Minnesota Insurance Law for the purpose of supporting our obligations to pay Credits. We invest the assets in Separate Account IANA in hedging instruments, including derivative hedging
          instruments such as put and call options, as well as cash and fixed income securities. Like our general account, the assets in Separate Account IANA are subject to our general business operation liabilities and the claims of our creditors. An
          Owner who allocates Contract Value to an Index Option does not have any interest in or claim on the assets in Separate Account IANA. In addition, neither the Owner nor these Index Options participate in any way in the performance of assets held
          in Separate Account IANA.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Distribution</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life Financial Services, LLC (ALFS), a
          wholly owned subsidiary of Allianz Life Insurance Company of North America, serves as principal underwriter for the Contracts. ALFS is a limited liability company organized in Minnesota, and is located at 5701 Golden Hills Drive, Minneapolis, MN
          55416. ALFS is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as well as with the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority
          (FINRA). ALFS is not a member of Securities Investors Protection Corporation. More information about ALFS is available at finra.org or by calling 1-800-289-9999. You also can obtain an investor brochure from FINRA describing its Public Disclosure
          Program.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We have entered into a distribution agreement with
          ALFS for the distribution of the Contracts. ALFS also may perform various administrative services on our behalf.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may fund ALFS operating and other expenses,
          including:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zdb3b0920bf4e4eddaf514451ed6e8c94" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:97.17%;">overhead,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">legal fees,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">accounting fees,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Financial Professional training,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">compensation for the ALFS management team, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">other expenses associated with the Contracts.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Financial Professionals and their managers may also
          be eligible for various benefits, such as production incentive bonuses, insurance benefits, and non-cash compensation items that we may provide jointly with ALFS. Non-cash items include conferences, seminars and trips (including travel, lodging
          and meals in connection therewith), entertainment, awards, merchandise and other similar items.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">ALFS does not itself sell the Contracts on a retail
          basis. Rather, ALFS enters into selling agreements with other broker-dealers registered under the 1934 Act (selling firms) for the sale of the Contracts. We pay sales commissions to the selling firms and their Financial Professionals. The maximum
          commission payable to the selling firms for Contract sales is expected to not exceed 6% of Purchase Payments. Sometimes, we enter into an agreement with a selling firm to pay commissions as a combination of a certain amount of the commission at
          the time of sale and a trail commission which, when totaled, could exceed 6% of Purchase Payments.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table shows the aggregate dollar
          amount of underwriting commissions paid to ALFS for each of the Allianz Life&#8217;s last three fiscal years. The underwriter did not retain any part of the commissions.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc2c79b02ce594614a32e628a5f64f4c2" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:57.10%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;line-height:10pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:bottom;width:22.41%;">&#160;
                </td>
                <td style="line-height:0pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:6pt;padding-right:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.05%;">2019
                </td>
                <td style="line-height:0pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:6pt;padding-right:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.27%;">2020
                </td>
                <td style="line-height:0pt;padding-bottom:3pt;padding-right:6pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:6pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:25.27%;">2021
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:6pt;padding-top:1.88pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:22.41%;">Commission paid
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.88pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:23.05%;">$ 20,237,295.11<br>
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:23.27%;">$ 26,617,099.91
                </td>
                <td style="line-height:0pt;padding-bottom:6pt;padding-right:6pt;padding-top:1.88pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:6pt;padding-top:1.88pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:25.27%;">$ 31,835,148.47
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We and/or ALFS may make bonus payments to certain
          selling firms based on aggregate sales of our variable insurance contracts (including this Contract) or persistency standards, or as part of a special promotion. These additional payments</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;77&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_17">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">are not offered to all selling firms, and the terms of any
          particular agreement governing the payments may vary among selling firms. In some instances, the amount paid may be significant.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A portion of the payments made to selling firms may
          be passed on to their Financial Professionals. Financial Professionals may receive cash and non-cash compensation and other benefits. Ask your Financial Professional for further information about what they and their firm may receive in connection
          with your purchase of a Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Commissions paid on the Contract, including other
          incentives or payments, are not charged directly to the Owners or the Separate Account. We intend to recover commissions and other expenses indirectly through fees and expenses imposed under the Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Broker-dealers and their Financial Professionals
          and managers involved in sales of the Contracts may receive payments from us for administrative and other services that do not directly involve the sale of the Contracts, including payments made for recordkeeping, the recruitment and training of
          personnel, production of promotional literature and similar services. In addition, certain firms and their Financial Professionals may receive compensation for distribution and administrative services when acting in a wholesaling capacity and
          working with retail firms.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In certain instances, we and/or ALFS may make
          payments to a broker-dealer for inclusion of this Contract in its list of products that it offers for sale.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We and/or ALFS may pay certain selling firms
          additional marketing support allowances for:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z9e10683741d1419a90971296edb1c2e5" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">marketing services and increased access to their Financial Professionals;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">sales promotions relating to the Contracts;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">costs associated with sales conferences and educational seminars;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">the cost of client meetings and presentations; and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">other sales expenses incurred by them.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We retain substantial discretion in determining
          whether to grant a marketing support payment to a particular broker-dealer firm and the amount of any such payment.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may also make payments for marketing and
          wholesaling support to broker-dealer affiliates of Variable Options that are available through the variable annuities we offer.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Additional information regarding marketing support
          payments can be found in the Distributor section of the Statement of Additional Information.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Some Financial Professionals may have a financial
          incentive to offer you a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees and risks of both contracts, that it is better for you to purchase the new
          contract rather than continue to own your existing contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Variable Options may assess a Rule 12b-1 fee.
          These fees are paid to ALFS as consideration for providing distribution and certain other services and incurring certain expenses permitted under the Variable Option&#8217;s plan. These fees typically equal 0.25% of a Variable Option&#8217;s average daily
          net assets.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In certain instances, an investment adviser and/or
          subadviser (and/or their affiliates) of a Variable Option may make payments for administrative services to ALFS or its affiliates.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We offer the Contracts to the public on a
          continuous basis. We anticipate continuing to offer the Contracts but reserve the right to discontinue the offering.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Additional Credits for Certain Groups</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We may credit additional amounts to a Contract
          instead of modifying charges because of special circumstances that result in lower sales or administrative expenses or better than expected mortality or persistency experience.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Administration/Allianz Service Center</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Allianz Service Center performs certain
          administrative services regarding the Contracts and is located at 5701 Golden Hills Drive, Minneapolis, Minnesota. The Service Center mailing address and telephone number are listed at the back of this prospectus. The administrative and routine
          customer services performed by our Service Center include processing and mailing of account statements and other mailings to Owners, responding to Owner correspondence and inquiries. Allianz</div>
      </div>
      <div type="Block" style="margin-top:8pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;78&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_18">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">Life also contracts with Tata Consultancy Services (Tata) located
          at #42(P) &amp; 45(P), Think Campus, Electronic City, Phase II, Bangalore, Karnataka 560100, India, to perform certain administrative services including:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zb6fd4ac6e83745b481b518bf90998c0a" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">issuance and maintenance of the Contracts,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">maintenance of Owner records, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">routine customer service including:
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zd616ad2fd0cc472cbf917ac79d40cd16" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:3pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">processing of Contract changes,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">processing withdrawal requests (both partial and total), and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.92%;">&#8211;&#8194;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.08%;">processing requests for fixed annuity payments.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Services performed by Tata are overseen and quality
          control checked by our Service Center.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">To reduce expenses, only one copy of most financial
          reports and prospectuses, including reports and prospectuses for the Variable Options, may be mailed to your household, even if you or other persons in your household have more than one contract issued by us or our affiliate. Call our Service
          Center at the toll-free telephone number listed at the back of this prospectus if you need additional copies of financial reports, prospectuses, or annual and semiannual reports, or if you would like to receive one copy for each contract in
          future mailings.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Legal Proceedings</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We and our subsidiaries, like other life insurance
          companies, from time to time are involved in legal proceedings of various kinds, including regulatory proceedings and individual and class action lawsuits. In some legal proceedings involving insurers, substantial damages have been sought and/or
          material settlement payments have been made. Although the outcome of any such proceedings cannot be predicted with certainty, we believe that, at the present time, there are no pending or threatened legal proceedings to which we, the Separate
          Account, or ALFS is a party that are reasonably likely to materially affect the Separate Account, our ability to meet our obligations under the Contracts, or ALFS ability to perform its obligations.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Status Pursuant to Securities Exchange Act of 1934</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life hereby relies on the exemption
          provided by Rule 12h-7 under the Securities Exchange Act of 1934 from the requirement to file reports pursuant to Section 15(d) of that Act.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">13.<font style="text-transform:uppercase;">&#160;&#160;Information
            on Allianz Life</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life is a stock life insurance company
          organized under the laws of the State of Minnesota in 1896. Our address is 5701 Golden Hills Drive, Minneapolis, MN 55416. We are a wholly owned subsidiary of Allianz of America, Inc. (AZOA), a financial holding company. AZOA is a wholly owned
          subsidiary of Allianz Europe, B.V., which in turn is a wholly owned subsidiary of Allianz SE, which is registered in Munich, Germany. We currently offer fixed index annuities, individual life insurance, and registered index-linked annuities. We
          are licensed to do direct business in 49 states and the District of Columbia.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Directors, Executive Officers and Corporate
          Governance</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">BOARD OF DIRECTORS</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Board currently consists of eight members,
          including our Chair, our President and Chief Executive Officer, our Chief Financial Officer and Treasurer, three&#160;independent outside board members, and two non-independent board members. Age and positions are provided as of December 31, 2021,
          except as otherwise noted.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Board holds regular quarterly meetings,
          generally in February, April/May, July/August, and October/November of each year, and holds special meetings or takes action by unanimous written consent as circumstances warrant.&#160;There were two special meetings of the Board held in 2021. The
          Board has standing Executive, Audit, and Nomination, Evaluation and Compensation Committees, each of which is described in further detail below.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The current members of our Board are as follows.</div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Andreas G. Wimmer<br>
          Director and Chair of the Board</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Andreas G. Wimmer, age 47, currently serves as the
          Chair of Allianz Life&#8217;s Board of Directors and as the Chair of its Executive Committee, effective January 1, 2022. Mr. Wimmer currently serves as a Member of the Board of Management of Allianz SE since October 2021. Previously, Mr. Wimmer served
          as the Chief Executive Officer of Allianz Lebensversicherungs-AG from January 2020 to March 2022 and as a Member of the Board of Management of Allianz Deutschland AG from January 2020 to October 2021, respectively. Previously, Mr. Wimmer served
          as a member of the Board of Management, Corp. Clients of Allianz Lebensversicherungs-AG from 2015 to 2019.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Wimmer brings to the Board extensive experience
          in the financial services and insurance industries, as well as extensive experience in investments and asset management, including serving as a Member of the Board of Management of Allianz SE, Asset Management, US Life Insurance.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Jasmine M. Jirele<br>
          Director, President, and Chief Executive Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Jasmine M. Jirele, age 44, joined Allianz Life in
          2018 and currently serves as the President and Chief Executive Officer and a member of the Board of Directors and its Executive Committee effective September 1, 2021. Ms. Jirele also serves as the Chair of the Board and the Chief Executive
          Officer of Allianz Life of New York. She also serves as the Chair of the Board of AZOA Services Corporation and as the Chair of its Shared Plans Management Committee. Ms. Jirele also serves as a Governor of Allianz Individual Insurance Group,
          LLC, TruChoice Financial Group, LLC, and Allianz Investment Management U.S. LLC, respectively. She also serves as director of Allianz Australia Life Insurance Holdings Limited and Allianz Australia Life Insurance Limited.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Previously, Ms. Jirele was a Governor of Allianz
          Investment Management LLC from January 1, 2021 to February 15, 2022. Ms. Jirele was also the Senior Vice President, Chief Growth Officer of Allianz Life from October 1, 2018 to August 31, 2021. In that role, Ms. Jirele was responsible for the
          oversight of new business strategy, product innovation, marketing, and corporate communications. Prior to that, Ms. Jirele was the Executive Vice President, Head of Customer Excellence at Wells Fargo Consumer Bank/Consumer Auto. Prior to that,
          Ms. Jirele spent nine years at Allianz Life as the Senior Vice President of Enterprise Operations from 2012 to 2015, Vice President of Market Management and Product Innovation from 2009 to 2012, Director of Executive Projects from 2007 to 2009,
          and Director of Marketing/Communications from 2006 to 2007, respectively.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Ms. Jirele brings to the Board extensive
          operations, product innovation, marketing and communications, growth strategy and insurance industry experience.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">William E. Gaumond<br>
          Director, Senior Vice President, Chief Financial Officer and Treasurer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">William E. Gaumond, age 48, joined Allianz Life in
          2004 and currently serves as Senior Vice President, Chief Financial Officer and Treasurer, and as a member of the Board of Directors since January 1, 2016. He also serves as a Director, the Chief Financial Officer and Treasurer and as a member of
          its Executive Committee and Chair of Finance Committee of Allianz Life of New York.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Gaumond also serves as the Chief Financial
          Officer of Allianz Foundation for North America, and as a Governor of Allianz Individual Insurance Group, LLC, TruChoice Financial Group, LLC, Allianz Life Financial Services, LLC, Allianz Investment Management U.S. LLC, and Allianz Strategic
          Investments, LLC, respectively. Mr. Gaumond also serves as a Director and President of Allianz Fund Investments, Inc., AZL PF Investments, Inc., and Dresdner Kleinwort Pfandbriefe Investments II, Inc., respectively. Mr. Gaumond is also a Director
          of Questar Agency, Inc., Questar Capital Corporation, Yorktown Financial Companies, Inc., Allianz of America, Inc., Allianz Real Estate of America LLC, Allianz Technology of America, Inc., and PFP Holdings, Inc., respectively. He is also a
          Director and the President of AZOA Services Corporation. Mr. Gaumond also serves as a Director and the Chief Financial Officer and Treasurer of Allianz Finance Corporation. Mr. Gaumond previously served as a Director of Questar Asset Management,
          Inc. from January 2016 to September 2021. Mr. Gaumond is responsible for all finance and risk management functions, with oversight of the controller, financial planning, treasury, and corporate risk management areas.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Gaumond brings to the Board extensive financial
          services, investment, and insurance industry experience, including serving as Chief Financial Officer and Treasurer of Allianz Life and Allianz Life of New York.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Udo Frank<br>
          Director</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Udo Frank, age 62, joined Allianz Life&#8217;s Board of
          Directors on May 1, 2015 and also serves as the Lead Independent Director, the Chair of its Audit Committee and as a member of its Nomination, Evaluation and Compensation Committee and its Executive Committee. Mr. Frank has over 30 years of
          experience in the financial services and insurance industries. Mr. Frank worked for various Allianz SE investment and asset management affiliates from 1994 to 2014, including serving in numerous executive positions. In 2001, Mr. Frank was
          appointed as the Global Chief Executive Officer of RCM Capital Management, LLC. In 2012, he was appointed the Head of Product Management and Chief Marketing Officer of Allianz Global Investors &#8211; U.S.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Frank brings to the Board extensive experience
          in the financial services and insurance industries, as well as extensive experience in investments and asset management.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Anna Sophie Herken<br>
          Director</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Anna Sophie Herken, age 50, joined Allianz Life&#8217;s
          Board of Directors on October 1, 2019. She also serves as the Chair of Allianz Foundation for North America Board of Directors and as its President, effective October 15, 2021. She also serves as the Business Division Head of Allianz Asset
          Management GmbH since April of 2018. Ms. Herken also serves as a board member of CPIC Fund Management Ltd. since July 2019. Prior to that, Ms. Herken was Chief Financial Officer and Chief Operating Officer of Hasso Plattner Capital Germany from
          2016 to 2018, Managing Director of Hertie School of Governance GmbH from 2011 to 2016. Ms. Herken holds an MBA from the University of Cambridge, Law and Judge Degrees.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Ms. Herken brings to the Board extensive experience
          in the financial service industry, as well as extensive experience in working for international financial organizations with a focus on finance and asset management.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Kevin E. Walker<br>
          Director</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Kevin E. Walker, age 59, joined Allianz Life&#8217;s
          Board of Directors on May 23, 2017, and also serves as a member of its Audit Committee and Chair of its Nomination, Evaluation and Compensation Committee. Mr. Walker also serves on the Board of Directors of Allianz Life of New York as of October
          1, 2018. Mr. Walker serves as the Chair and Director of Allianz Reinsurance America, Inc., and is a member of its Audit Committee since January 1, 2017. Mr. Walker has over 30 years of insurance and financial services experience. Mr. Walker
          served at various Allianz affiliates throughout his career, most recently as the President and Chief Executive Officer of Allianz Reinsurance America, Inc. from 2015 to 2016. Mr. Walker has also served as a director and officer for several other
          Allianz affiliates.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Walker brings to the Board extensive experience
          in the insurance industry, as well as extensive experience in finance and operations.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Walter R. White<br>
          Director</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Walter R. White, age 65, joined Allianz Life in
          2009, became an Allianz Life Board member in 2012. Previously, Mr. White served as the President and Chief Executive Officer from January 1, 2012 through September 1, 2021, and most recently as Senior Advisor through December 31, 2021. Mr. White
          also previously served as the Chair of the Board and the Chief Executive Officer of Allianz Life of New York, and as a Board member and the President of AZOA Services Corporation and served as the Chair of its Shared Plans Management Committee.
          Mr. White also served as a Governor of Allianz Individual Insurance Group, LLC, Allianz Investment Management LLC, Allianz Investment Management U.S. LLC, and TruChoice Financial Group, LLC, respectively. In addition, Mr. White previously served
          as a Director of Questar Capital Corporation and Questar Agency, Inc. Mr. White served as Chair, Chief Executive Officer and President of Allianz Life and Annuity Company from 2012 to 2017.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. White brings to the Board extensive financial
          services and brokerage experience as well as key strategic planning and leadership skills developed as the former President and Chief Executive Officer of Allianz Life and the former President of Woodbury Financial.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Howard E. Woolley<br>
          Director</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Howard E. Woolley, age 64, joined Allianz Life&#8217;s
          Board of Directors on May 1, 2020 and is a member of its Audit Committee and its Nomination, Evaluation and Compensation Committee. In 2015, Mr. Woolley formed Howard Woolley Group LLC, a strategic business and public policy firm serving leading
          technology and wireless industry clients, and serves as its President. He is a leader in the field of regulatory risk management, public policy, and government affairs. Mr. Woolley is an NACD Leadership Fellow and an international member of the
          Australian Institute of Company Directors. Howard serves on the board of directors of Apple Hospitality REIT, Inc., a publicly traded real estate investment trust that owns hotels across the United States. He also serves as the Lead Independent
          Director, Chair of the Nominations and Governance Committee and is a member of the Compensation Committee for telecommunications company SOMOS Inc. He serves on the boards of trustees for Johns Hopkins Medicine, Johns Hopkins University and
          Syracuse University. Mr. Woolley is co-chair of the Johns Hopkins University &amp; Medicine External Affairs Committee and serves on the Johns Hopkins Medicine Executive Committee and the Syracuse University Audit and Academic Affairs Committees.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Mr. Woolley brings to the Board more than 20 years
          of extensive board experience and brings a wealth of experience and insights in several areas, including risk management.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">EXECUTIVE OFFICERS</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The current executive officers (other than Ms.
          Jirele and Mr. Gaumond) are as follows. Age and positions are provided as of December 31, 2021, except as otherwise noted.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Eric J. Thomes<br>
          Senior Vice President, Chief Distribution Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Eric J. Thomes, age 49, joined Allianz Life in 1995
          and currently serves as the Senior Vice President, Chief Distribution Officer of Allianz Life since April 1, 2019. He also serves as the President and a Director of Allianz Life of New York. Mr. Thomes also serves as a Governor, and as the Chief
          Executive Officer and Chief Manager of Allianz Life Financial Services, LLC. Mr. Thomes also serves as a Governor of Allianz Individual Insurance Group, LLC, and TruChoice Financial Group, LLC, respectively. He also serves as the Chair and as a
          Director of Yorktown Financial Companies, Inc., Questar Agency, Inc. and Questar Capital Corporation, respectively. Mr. Thomes is responsible for the development, design and implementation of Allianz Life&#8217;s and Allianz Life of New York&#8217;s sales
          and distribution strategies. Prior to his current roles, Mr. Thomes served as the Field Senior Vice President, FMO Sales from 2009 to 2019. He also served as the President of Allianz Individual Insurance Group, LLC from 2005 to 2018 and as a
          Director of Questar Asset Management, Inc. from April 2019 to September 2021, respectively.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Gretchen Cepek<br>
          Senior Vice President, General Counsel, and Secretary</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Gretchen Cepek, age 53, joined Allianz Life in 2009
          and currently serves as Senior Vice President, General Counsel and Secretary since February 17, 2012. In this role, Ms. Cepek is responsible for the legal, ethics, and compliance departments as well as government relations and the special
          investigations unit. She also serves as the Chief Legal Officer and Secretary of Allianz Life of New York, and General Counsel and Secretary of AZOA Services Corporation. Previously, Ms. Cepek served as the Secretary for Allianz Life and Annuity
          Company from 2012 to 2017, and the Vice President of Legal Business Operations, Distribution and Product Development of Allianz Life from 2009 to 2012. Ms. Cepek received her J.D. from Valparaiso University School of Law in 1993.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Susan M. Sachatello<br>
          Senior Vice President, Chief Growth Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Susan M. Sachatello, age 55, joined Allianz Life in
          September 2021 and currently serves as the Senior Vice President, Chief Growth Officer and as a Governor of Allianz Strategic Investments LLC. Ms. Sachatello leads development of the Company&#8217;s strategy, and has overall accountability for New
          Markets, Ventures, Product Innovation, Enterprise Marketing and Experience Management, Strategic Communications, Community Engagement and Sponsorships, and Enterprise Agile.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Previously, Ms. Sachatello was the Chief Marketing
          and Sales Officer of Principal Advisory Services within Principal Financial Group from May 2020 to September 2021 where she built a team to deliver effective marketing, strategy, distribution and customer and advisor experience for a
          board-directed growth business extending the strength in group distribution into a new Individual business model across Retirement, Annuity and Life product lines. Ms. Sachatello was</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">also the Senior Vice President, Marketing and Customer Experience
          of CUNA Mutual Group from 2011 to 2020 where she directed strategy, CX, marketing, sales and customer operations for a $1.4B business selling life, health and auto insurance. Ms. Sachatello also held Chief Marketing Officer positions for Lands&#8217;
          End, LBrands, and DoubleClick (now Google Ad Manager). Ms. Sachatello holds a Bachelor of Arts degree in Economics and English from the University of Richmond, and a Master of Business Administration from the College of William and Mary.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Neil H. McKay<br>
          Senior Vice President, Chief Actuary</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Neil H. McKay, age 60, joined Allianz Life in 1999
          and currently serves as the Senior Vice President, Chief Actuary of Allianz Life since May 15, 2000. Mr. McKay also serves as the Chief Actuary of Allianz Life of New York since April 8, 2014. He also served as a Director and the Chief Actuary of
          Allianz Life and Annuity Company from 2007 to 2017. Mr. McKay is responsible for all of the actuarial functions of Allianz Life and Allianz Life of New York, including the actuarial assumptions underlying its products and the rate setting
          associated with existing and new products.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Todd M. Hedtke<br>
          Senior Vice President, Chief Investment Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Todd M. Hedtke, age 49, joined Allianz Life in 2000
          and currently serves as the Senior Vice President, Chief Investment Officer since August 21, 2015. He also currently serves as the Chief Investment Officer of Allianz Life of New York, and the Chief Investment Officer of Allianz Life Insurance
          Company of Missouri, LLC, respectively. Mr. Hedtke is a Director and the President of Allianz Finance Corporation, and a Director and Vice President and Treasurer of Allianz Fund Investments Inc., AZL PF Investments Inc., and Dresdner Kleinwort
          Pfandbriefe Investments II Inc., respectively. He also serves as a Governor and the Chief Executive Officer of Allianz Investment Management LLC and of Allianz Investment Management U.S. LLC, and Allianz Strategic Investments, LLC, respectively,
          and as the Chair of the Benefit Plans Investment Committee for AZOA Services Corporation. Mr. Hedtke leads the investment management, liquidity planning, hedging, and trading functions at Allianz Life. He is also a member of the global Allianz
          Investment Management Board, which serves the Allianz Group of insurance companies. Prior to his current role, Mr. Hedtke spent 15 years in a number of investment-related positions at Allianz Life and its affiliates, including as a Director and
          the Chief Investment Officer of Allianz Life and Annuity Company from 2015 to 2017.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Jenny L. Guldseth<br>
          Senior Vice President, Chief Human Resources Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Jenny L. Guldseth, age 46, joined Allianz Life in
          2005 and currently serves as the Senior Vice President, Human Resources Officer since January 1, 2019. In this position, Ms. Guldseth is responsible for setting strategy and leading the Human Resources and Facilities departments to improve
          business results and increase employee engagement. Ms. Guldseth is also a Director of the Allianz Foundation for North America, the Chief Human Resources Officer of AZOA Services Corporation, and the Chair of its Employee Benefits Administration
          Committee and a member of its Benefit Plans Investment Committee and the Shared Plans Management Committee, respectively. Ms. Guldseth has over ten years of experience at Allianz Life, including having served as the Vice President, Rewards and
          Performance from 2017 to 2018, the Assistant Vice President of Rewards and Performance from 2013 to 2017, and Manager, Human Resource Business Partner from 2010 to 2013. In these positions, she was responsible for the Performance and Compensation
          functions for Allianz Life and the benefits functions for multiple U.S.-based affiliate companies.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">CORPORATE GOVERNANCE</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Committees of the Board</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Executive Committee of the Board (&#8220;Executive
          Committee&#8221;) is currently composed of Mr. Wimmer (Chair), effective January 1, 2022, and Ms. Jirele&#160;(who replaced Mr. White as a committee member as of September 1, 2021) and Mr. Frank. The function of the Executive Committee is to exercise the
          authority of the Board between meetings of the Board, with the exceptions set forth in Allianz Life&#8217;s By-Laws. The Executive Committee&#160;did not meet in 2021.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Audit Committee of the Board is currently
          composed of Messrs. Frank (Chair), Walker&#160;and Woolley. The Audit Committee is responsible for overseeing Allianz Life&#8217;s accounting and financial reporting and control processes on behalf of the Board, which includes assisting with Board oversight
          of (1) quality and integrity of Allianz Life&#8217;s financial statements, (2) Allianz Life's compliance with legal and regulatory requirements, (3) the qualifications, independence and fees of the independent-auditors, (4) Allianz Life&#8217;s system of
          internal controls and (5) the performance of Allianz Life's internal audit function. The Board has determined that each member of the Audit Committee is financially literate. The Audit Committee met four times in 2021.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Nomination, Evaluation and Compensation
          Committee (NEC Committee) is currently composed of Messrs. Walker&#160;(Chair), Frank and&#160;Woolley. The NEC Committee&#8217;s purpose is to (1) nominate candidates for director for election, (2) evaluate the performance of officers deemed to be &#8220;principal
          officers,&#8221; and (3) recommend to the Board the selection and compensation of the &#8220;principal officers.&#8221; The NEC Committee met once in 2021.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Independence of Certain Directors</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life is not subject to the independence
          standards of the New York Stock Exchange or any other national securities exchange, but is subject to the independence standards required under the Model Audit Rule. Applying the independence standards of the Model Audit Rule to the current
          members of the Board, the Board has determined that Messrs. Frank, Walker and Woolley are &#8220;independent&#8221; under the Model Audit Rule.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Code of Ethics</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">All of our officers and employees, including our
          Chief Executive Officer, Chief Financial Officer and Controller, are subject to Allianz Life&#8217;s Code of Ethics.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Executive Compensation</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Compensation
            Discussion and Analysis</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In this section, we provide an overview of the
          goals and principal components of our executive compensation program and describe how we determine the compensation of our &#8220;Named Executive Officers&#8221; or &#8220;NEOs.&#8221; For 2021, our NEOs were:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zb8b6ad180ec348acaf81e47846096b42" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Walter R. White,<font style="font-weight:Normal;"> President and Chief Executive Officer<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Jasmine M. Jirele<font style="font-weight:Normal;">, President and Chief Executive Officer<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">William E. Gaumond<font style="font-weight:Normal;">, Senior Vice President, Chief Financial Officer and Treasurer</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Eric J. Thomes<font style="font-weight:Normal;">, Senior Vice President, Chief Distribution Officer</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Neil H. McKay<font style="font-weight:Normal;">, Senior Vice President, Chief Actuary</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Gretchen Cepek<font style="font-weight:Normal;">, Senior Vice President, General Counsel, and Secretary</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z232f9b1168554fb9aa1f6d94e6750b62" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Mr. White served as President and Chief Executive Officer until September 1, 2021, he then transitioned to Senior Advisor until his retirement on December 31, 2021.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">Ms. Jirele has served as President and Chief Executive Officer since September 1, 2021, prior to that she was the Senior Vice President, Chief Growth Officer.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The details of each NEO&#8217;s compensation may be found
          in the Summary Compensation Table and other compensation tables included in this Executive Compensation section.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Executive
            Summary</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s compensation programs are intended
          to align our NEOs&#8217; interests with those of our ultimate stockholder, Allianz SE, the ultimate parent company of Allianz Life. Allianz Life's compensation programs are designed to reward performance that meets or exceeds the goals established by
          the Compensation Committee, a management committee of Allianz Life. Allianz Life is tasked with establishing the executive compensation philosophy. In line with Allianz Life&#8217;s compensation philosophy described below, the total compensation
          received by our NEOs will vary based on individual and corporate performance in light of annual and long-term performance goals. Our NEOs&#8217; total compensation is composed of a mix of annual base salary, annual cash awards based on corporate
          objectives and executive performance factors and long-term equity incentive awards in the form of restricted stock units of the equity securities of Allianz SE.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Compensation
            Philosophy and Strategy</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Overview</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The overriding goal of Allianz Life&#8217;s executive
          compensation programs is to attract, retain and motivate top-performing executive officers who will dedicate themselves to long-term financial and operational success. To this end, Allianz Life has structured the executive compensation programs
          to foster a pay-for-performance management culture by:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z3ea7e93c54374105a9d460822f73ce3a" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">providing total compensation opportunities that are competitive with the levels of total compensation available at the large diversified financial services companies with which Allianz Life most directly competes in the
                  marketplace;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">setting performance metrics and objectives for variable compensation arrangements that reward executives for attaining both annual targets and long-term business objectives, thereby providing individual
                  executives with the opportunity to earn above-average compensation by achieving above-average results;
                </td>
              </tr>

          </table>
        </div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;84&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_24">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z0d8234e50ec14610bf3407ceaf3d95d2" style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">establishing equity-based arrangements that align executives&#8217; financial interests with those of Allianz SE by ensuring executives have a material financial stake in the equity value of Allianz SE and the business success of
                  its affiliates; and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">structuring compensation packages and outcomes to foster internal pay equity.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">Compensation Components</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">To support this pay-for-performance strategy,
          Allianz Life&#8217;s total compensation program provides a mix of compensation components that bases the majority of each executive&#8217;s compensation on their success and on an assessment of each executive&#8217;s overall contribution to that success.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z4b425ffa75534fc1997050d13444a914" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:23.22%;">Compensation Element
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:49.90%;">Description
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:1.75pt;padding-left:6pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:26.88%;">Objective
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:23.22%;">Base Salary
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">Fixed rate of pay that compensates employees for fulfilling their basic job responsibilities. For NEOs, increases are generally
                  provided in the case of a significant increase in responsibilities or a significant discrepancy versus the market.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Attract and retain high-caliber leadership.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:23.22%;">Annual Incentive Plan
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">Incentive compensation that promotes and rewards the achievement of annual performance objectives through awards under the
                  Allianz Life Annual Incentive Plan (&#8220;AIP&#8221;).
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal; font-weight:Normal;line-height:12pt;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-decoration:none;text-indent:-7pt;text-transform:none; text-transform:none;vertical-align:top;width:26.88%;">&#8226;&#8194;Link compensation to annual performance results.<br>
                  &#8226;&#8194;Attract and motivate high-caliber leadership.<br>
                  &#8226;&#8194;Align the interests of NEOs and our stockholder.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:23.22%;">Performance-Based Equity Incentives
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">Incentive compensation through restricted stock unit awards made under the Allianz Equity Incentive Plan (&#8220;AEI&#8221;) that promotes
                  and rewards the achievement of long term performance objectives.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:26.88%;">&#8226;&#8194;Retain high-caliber leadership with multi-year vesting.<br>
                  &#8226;&#8194;Align the interests of NEOs and our stockholder.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:23.22%;">Severance Arrangements
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">Severance payments to employees, including NEOs, under certain company-initiated termination events.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:1.75pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Compensate employees for situations where the employee&#8217;s employment is involuntarily terminated in a qualifying termination of employment.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:23.22%;">Perquisites-Benefits
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.90%;">Perquisites provided to our NEOs include employer matching contributions to the NEOs&#8217; accounts in the 401(k)
                  plan and may also include the payment of life insurance premiums, relocation reimbursements, and reimbursements for financial planning, tax preparation services, and spousal travel expenses.
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Provide market competitive total compensation package.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">In addition, Allianz Life offers all employees,
          including our NEOs, broad-based benefits, including comprehensive medical, dental and vision insurance, group term life insurance and participation in a 401(k) plan.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">How
            Compensation Decisions Are Made</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Role of the Board of Directors and Compensation
          Committee</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The framework governing the executive compensation
          policies for Allianz Life, except as such policies relate to the compensation for the Chief Executive Officer, is set through the Compensation Committee of Allianz Life. Decisions affecting the compensation of the Chief Executive Officer are
          outside the scope of the Allianz Life Compensation Committee. Any such decisions are made by Allianz SE, subject to review by the NEC Committee, and final approval by Allianz Life&#8217;s Board of Directors. With respect to the compensation of other
          &#8220;principal officers&#8221; selected by the Board for purposes of the duties of the NEC Committee under Minn. Stat. &#167; 60D.20, subd. 3(d), the Compensation Committee&#8217;s decisions are similarly subject to review by the NEC Committee and final approval by
          Allianz Life&#8217;s Board. The &#8220;principal</div>
      </div>
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        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;85&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_25">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">officers&#8221; include the Chief Executive Officer, Chief Financial
          Officer, and General Counsel. Allianz Life&#8217;s Board has delegated the following responsibilities to the Compensation Committee:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z2eb0e5a5ad894c298d2256c9ea750511" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">In general, establish the compensation philosophy and strategy of Allianz Life and oversee the development and implementation of compensation, benefit, and perquisite programs for corporate executives consistent with the
                  principles of ensuring that leadership is compensated effectively in a manner consistent with the stated compensation strategy, internal equity considerations, competitive practices, shareholder interests, and the requirements of any
                  applicable regulatory bodies in order to attract and retain high-quality leadership. This responsibility includes periodic review of Allianz Life&#8217;s compensation programs to pursue certain goals, with the expectation that changes will be
                  made periodically to ensure these goals are attained.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Review and approve the establishment of, or material modification to, any executive incentive compensation plans or programs for Allianz Life.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Review and approve any special benefits or perquisites in effect for, or offered to, any prospective, current or former Allianz Life employee, regardless of the employee&#8217;s level or assignment within Allianz Life. Such
                  benefits and perquisites are those that are unusual or different from the benefits offered to all similarly-situated employees.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Review and approve any employment agreements proposed to be made with any prospective or current employee of Allianz Life.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Review and approve any individual severance agreement with any Allianz Life officer. This does not include an arrangement where the employee receives severance or incentive payments under existing terms of a broad-based
                  benefit or compensation plan.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Oversee Allianz Life&#8217;s compliance with regulations with respect to compensation matters and adopt and monitor adherence to global and local process requirements and timelines, including those required
                  under the Corporate Rules (as defined under the Allianz Life Standard for Corporate Rules) mandated by Allianz SE.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The Compensation Committee will at all times be
          composed of at least three members who are appointed by the full Board of Directors of Allianz Life. The Compensation Committee currently consists of the following members: the Chair of the Board, the Chief Executive Officer, and the Chief Human
          Resources Officer. The Compensation Committee also utilizes internal personnel to provide advice to the Compensation Committee regarding market trends in compensation policies at competing companies and on a more macro level.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Following its review and decision, the Compensation
          Committee produces and submits a report on executive compensation to Allianz Life&#8217;s Board of Directors at its request. With respect to the compensation of &#8220;principal officers&#8221; selected by Allianz Life&#8217;s Board for purposes of the duties of the NEC
          Committee under Minnesota Statutes &#167; 60D.20, subd. 3(d), the Compensation Committee produces and submits a report on executive compensation proposed for the designated &#8220;principal officers&#8221; to the NEC Committee for its review and recommendation to
          Allianz Life&#8217;s Board for final approval.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Role of the Chief Executive Officer</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our Chief Executive Officer assists the
          Compensation Committee in its review of the total compensation of all the NEOs except themself. The Chief Executive Officer provides the Compensation Committee with their assessment of the NEOs&#8217; respective performance relative to the corporate
          and individual goals and other expectations set for them for the preceding year. The Chief Executive Officer then provides their recommendation for each NEO&#8217;s total compensation and the appropriate goals for each NEO in the year to come. However,
          the Compensation Committee is not bound by the Chief Executive Officer&#8217;s recommendations.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Role of Allianz Life&#8217;s Human Resources</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s Human Resources supports the
          Compensation Committee on executive compensation matters by being responsible for many of the organizational and administrative tasks that underlie the compensation review and determination process and making presentations on various topics.
          Allianz Life&#8217;s Human Resources efforts include, among other things:</div>
        <div style="text-align:left;">
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">evaluating the compensation data from industry groups, national executive pay surveys, and other sources for the NEOs and other executive officers as appropriate;
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">gathering and correlating performance ratings and reviews for individual executive officers, including the NEOs;
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">reviewing executive compensation recommendations against appropriate market data and for internal consistency and equity; and
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">reporting to, and answering requests for information from, the Compensation Committee.
                </td>
              </tr>

          </table>
        </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;86&#160;</div>
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    </p>
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      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s Human Resources officers also
          coordinate and share information with their counterparts at Allianz SE.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Use of
            Competitive Compensation Data</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Because Allianz Life competes most directly for
          executive talent with other large diversified financial services companies, Allianz Life regards it as essential to regularly review the competitiveness of the total compensation programs for executives to ensure that Allianz Life provides
          compensation opportunities that compare favorably with the levels of total compensation offered to similarly situated executives by other companies that participate in the compensation surveys in which Allianz Life participates. Allianz Life
          relies primarily on external market surveys of corporate compensation and benefits published by various national compensation consulting firms, especially salary surveys focusing on insurance companies. In addition, other factors taken into
          account include the average revenues and number of employees of companies that participate in such surveys.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">All these information sources are employed to
          measure and compare actual pay levels not only on an aggregate, total compensation basis, but also to break down the total compensation program component by component to review and compare specific compensation elements as well as the particular
          mixes of fixed versus variable, short-term versus long-term, and cash versus equity-based compensation at the surveyed companies. This information, as collected and reviewed by Allianz Life&#8217;s Human Resources, is submitted to the Compensation
          Committee for review and discussion.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Internal Pay Equity Analysis</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s compensation programs are designed
          with the goal of providing compensation to our NEOs that is fair, reasonable, and competitive. To achieve this goal, Allianz Life believes it is important to compare compensation paid to each NEO not only with compensation paid by the surveyed
          companies, as discussed above, but also with compensation paid to each of our other NEOs. Such an internal comparison is important to ensure that compensation is equitable among our NEOs.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Components
            of Total Compensation For Our NEOs</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life provides total compensation to our
          NEOs that consists of several components. These components include the three components of the total compensation program (i.e., base salary, annual incentives, and equity) as well as: (i) retirement, health, and other benefit programs; (ii)
          severance benefits; and (iii) perquisites.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Base Salary</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s philosophy is to make base salary a
          relatively small portion of the overall compensation package for our NEOs, which Allianz Life believes is common in the industry in which we operate. The amount of the base salary awarded to NEOs is based on the position held, the NEO&#8217;s tenure,
          the scope of the position&#8217;s responsibilities, and the NEO&#8217;s own performance, all of which are reviewed with the aid of market survey data. Using this data, Allianz Life maintains a 50th percentile pricing philosophy, comparing base salaries
          against the median for comparable salaries at surveyed companies, unless exceptional conditions require otherwise.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to the base salary of our Chief
          Executive Officer, the Chair of the Board considered the Chief Executive Officer&#8217;s experience, performance, and contribution to overall corporate performance when determining their base salary for 2021 for recommendation to the NEC Committee.
          Base salaries for our other NEOs for 2021 were also set by the Compensation Committee based upon each NEO&#8217;s individual experience and contribution to the overall performance of Allianz Life, and subject to Allianz SE Compensation Committee
          reviews and, with respect to the base salaries of &#8220;principal officers&#8221; selected by Allianz Life&#8217;s Board of Directors for purposes of the duties of the NEC Committee under Minnesota Statutes &#167; 60D.20, subd. 3(d), subject to NEC Committee review
          and recommendation to Allianz Life&#8217;s Board for final approval.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">AIP</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life offers annual cash bonuses to certain
          executive officers under the AIP. The AIP is designed to improve performance and profitability by motivating employees to accomplish organizational objectives and financial goals. Bonus awards that may be paid pursuant to the AIP are within the
          sole discretion of the Compensation Committee, and with respect to our CEO, the Chair of the Board, and are intended to:</div>
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                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">reward the performance of participants who have made significant contributions to the achievement of annual goals and objectives;
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">provide an incentive that will encourage future superior individual performance; and
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;87&#160;</div>
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    </div>
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    </p>
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      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z48c4e7633a3549339a8ffacf967385e7" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">encourage the retention of employees who have demonstrated exceptional performance and/or are anticipated to significantly contribute to the long-term success of Allianz Life.
                </td>
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          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Following the performance year, the Compensation
          Committee approved a specific amount of cash awards to be made pursuant to the AIP to executive officers, including our NEOs, for the 2021 performance year. The amount determined to be available for such awards was at the discretion of the
          Compensation Committee and was dependent upon many factors as outlined previously, including, but not limited to, current financial performance and contributions of our NEOs in achieving performance objectives, and with respect to the awards to
          the &#8220;principal officers&#8221; selected by Allianz Life&#8217;s Board for purposes of the duties of the NEC Committee under Minnesota Statutes &#167; 60D.20, subd. 3(d), subject to NEC Committee review and recommendation to Allianz Life&#8217;s Board for final
          approval.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">AEI</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The AEI is (a) one part of the variable
          compensation component for certain individuals within designated classes of employees at Allianz Life or (b) offered by Allianz Life to select senior employees as an additional part of their variable compensation on a case by case basis. The AEI
          is granted in the form of restricted stock units of Allianz SE (&#8220;RSUs&#8221;). The award of RSU&#8217;s are intended to:</div>
        <div style="text-align:left;">
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">reward the performance of participants who have made significant contributions to the achievement of their company&#8217;s annual goals and objectives,
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">provide an incentive that will encourage future superior individual performance, and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">encourage the retention of employees who have demonstrated exceptional performance and/or are anticipated to significantly contribute to the long-term success Allianz.
                </td>
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          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Awards made pursuant to the AEI are based upon both
          the performance of Allianz Life and Allianz Life of New York and the performance of the NEO. The Compensation Committee (and, with respect to those NEOs that are &#8220;principal officers&#8221; for purposes of the NEC Committee&#8217;s duties, the NEC Committee
          with final approval of Allianz Life&#8217;s Board of Directors) reviewed the performance of our NEOs following the end of our 2021 fiscal year relative to the AEI allocation amount.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Benefit Perquisites</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life provides our NEOs with certain limited
          perquisites. All of our employees, including our NEOs, may participate in the qualified 401(k) plan. Allianz Life and Allianz Life of New York generally provide our executive officers, including our NEOs, with a matching contribution up to
          $21,750 annually. In addition, Allianz Life and Allianz Life of New York provide excess liability insurance coverage to all of our NEOs and provide financial planning and tax preparation services, relocation reimbursements, and reimbursements of
          spousal travel expenses to certain of our NEOs. The incremental costs of perquisites for the NEOs during 2021 are included in the column entitled &#8220;All Other Compensation&#8221; in the Summary Compensation Table included in this section.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Certain Retention Arrangements&#160;</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life&#8217;s offer letter to Jasmine M. Jirele
          included a retention bonus arrangement related to her onboarding in her capacity as Senior Vice President, Chief Growth Officer. The retention bonus payments will be paid through 2022 so long as she remains employed with Allianz Life, and the
          arrangement requires repayment of certain amounts if Ms. Jirele voluntarily terminates her employment within a certain period.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Severance Arrangements</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life entered into an Executive Severance
          Agreement with our former President, and Chief Executive Officer, Walter R. White, which is described in the &#8220;Allianz Life Executive Severance Agreement&#8221; discussion later in this section. We have not entered into any other specific severance
          agreements with any of our NEOs.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The remainder of our NEOs are eligible for
          severance payments under the Executive Severance Plan if they experience a qualifying termination of employment and otherwise satisfy the conditions set forth in the plan.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Other than the Executive Severance Plan, which is
          described later in this section, our NEOs (except for Jasmine M. Jirele) are not eligible for severance payments. Certain of our executive officers receive offer letters which set forth the terms relating to base salary, sign-on incentives, and
          equity compensation. However, Allianz Life does not view these offer letters as employment agreements as each offer letter states that employment with Allianz Life is &#8220;at will.&#8221;</div>
      </div>
      <div type="Block" style="margin-top:20pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;88&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_28">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Other
            Compensation Policies</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Tax and Accounting Implications</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Stock-Based
            Compensation</font>. Stock-based compensation, comprised of Allianz SE restricted stock units (RSUs) granted pursuant to the AEI, are accounted for in accordance with the requirements of Financial Accounting Standards Board Accounting Standards
          Codification (&#8220;FASB ASC&#8221;) Topic 718. The fair value of the RSUs at grant is the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor system) on that day and the nine
          immediately preceding trading days, less the present value of dividends expected to be paid on one Allianz SE share over the vesting period, and less the fair value of payout restrictions deriving from the vesting period and the payout cap.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Recently Discontinued Compensation Programs</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The purpose of the ALTPUP was to advance the
          interests of Allianz Life, including Allianz Life of New York, and our indirect stockholder. The ALTPUP sought to accomplish this purpose by providing an incentive in addition to current compensation to certain individuals within designated
          classes of employees of Allianz Life who contribute significantly to their company&#8217;s long-term performance. Such incentive was in the form of Long-Term Performance Units ("ALTPUP Units"), which were contingent awards, subject to the terms,
          conditions, and restrictions described in the ALTPUP and the Award Agreement under which such awards were made, by which participants in the ALTPUP may have become entitled to receive cash on the payment date for redemption of the ALTPUP Units
          valued on the valuation date. The award of ALTPUP Units was discretionary. In March 2020, the Group Compensation Committee determined all Allianz entities would move forward with the Allianz SE long term incentive program or AEI. As a result, the
          ALTPUP program has been discontinued and provided a final grant in March 2020 for 2019 performance. The final payout under the ALTPUP program is expected to occur in 2023.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Walter R. White, our former Chief Executive
          Officer, received cash awards pursuant to the terms of the Allianz SE Mid-Term Bonus Plan instead of the ALTPUP. Like the ALTPUP, the Mid-Term Bonus Plan has been discontinued, so the award with respect to 2019 performance was the final award
          made under the Mid-Term Bonus Plan.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Summary
            Compensation Table</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table sets forth the compensation
          paid by Allianz Life for the year ended December 31, 2021 to our NEOs. The executive compensation information in this prospectus is shown for a one-year period.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z0398d38b3e684740bd9eb1c89e0c6182" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:27.52%;">Name and Principal<br>
                  Position<br>
                  (a)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:5.42%;">Year<br>
                  (b)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.02%;">Salary<br>
                  (c)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.02%;">Bonus<br>
                  (d)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.13%;">Stock<br>
                  Awards<br>
                  (e)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:21.06%;">Non-Equity<br>
                  Incentive Plan Compensation<br>
                  (g)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.71%;">All Other<br>
                  Compensation<br>
                  (i)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(4)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.13%;">Total<br>
                  (j)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">Walter R. White<br>
                  <font style="font-weight:Normal;">President and Chief Executive Officer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$865,100
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$300,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$2,335,770
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:21.06%;">$1,557,180
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$22,665
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$5,080,715
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">Jasmine M. Jirele<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1,2)</sup><br>
                  <font style="font-weight:Normal;">President and Chief Executive Officer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$561,958
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$390,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$1,068,303
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:21.06%;">$712,202
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$22,516
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$2,754,979
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">William E. Gaumond<br>
                  <font style="font-weight:Normal;">Senior Vice President, Chief Financial Officer and Treasurer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$475,900
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$300,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.13%;">$770,958
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:21.06%;">$513,972
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$22,437
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$2,083,267
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">Eric J. Thomes<br>
                  <font style="font-weight:Normal;">Senior Vice President, Chief Distribution Officer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$535,500
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$320,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.13%;">$867,510
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:21.06%;">$578,340
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$22,548
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$2,323,898
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">Neil H. McKay<br>
                  <font style="font-weight:Normal;">Senior Vice President, Chief Actuary</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$510,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.02%;">$50,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.13%;">$926,200
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:21.06%;">$550,800
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$24,397
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$2,061,397
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:27.52%;">Gretchen Cepek<br>
                  <font style="font-weight:Normal;">Senior Vice President, General Counsel and Secretary</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:5.42%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.02%;">$469,500
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.02%;">$110,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.13%;">$733,825
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:21.06%;">$422,550
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.71%;">$22,167
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.13%;">$1,758,042
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="zd911803712fd4426ad918aa592566eda" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents compensation paid during her time as Senior Vice President, Chief Growth Officer and President and Chief Executive Officer.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">A retention bonus of $800,000 will be paid over four years in increments of $200,000 with the first payment paid in March 2019 and the final payment in 2022 so long as Ms. Jirele remains employed by Allianz Life.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">Represents the grant date fair value of the RSUs issued pursuant to the AEI. The RSUs vest over a four-year period. The RSUs issued in 2022 for the 2021 performance year have a March 2026 exercise date.
                  The grant price of the RSUs was the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor system) on the date of grant and the nine immediately preceding
                  trading days, less the present value of dividends expected to be paid on one Allianz SE share over the vesting period, and less the fair
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:22pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;89&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_29">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z8646efd1336940ada157f54e4b44028f" style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:3.64%;">&#160;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">value of the payout restrictions deriving from the vesting period and the payout cap. These numbers show the amount realized for financial reporting purposes as calculated in accordance with the FASB ASC Topic 718. Under
                  FASB ASC Topic 718, the grant date fair value is calculated using the closing market price of the common stock of Allianz SE on the date of grant, which is then recognized over the requisite service period of the award.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(4)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">The following table provides additional details regarding compensation found in the &#8220;All Other Compensation&#8221; column.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:3.64%;">&#160;
                </td>
                <td style="line-height:1pt;text-align:left;vertical-align:top;white-space:nowrap;width:96.36%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4902a6419c5941dba3cdb605dba531d7" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:4.25%;margin-top:6pt;width:85.63%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.11%;">Name
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.29%;">Year
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.86%;">Spousal<br>
                  Travel<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(5)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.20%;">Milestone/<br>
                  Anniversary/<br>
                  Recognition<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(6)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.34%;">Life Insurance<br>
                  Premiums
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.80%;">Employer Match<br>
                  to 401(k) Plan
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.54%;">ASAAP<br>
                  Contribution<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(7)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.44%;">Total
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">Walter R. White
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:16.24pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:21.72pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.20%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$915
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$21,750
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:21.72pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$22,665
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">Jasmine M. Jirele
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:16.24pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:13.20%;">$350
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$416
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$19,500
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">$2,250
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$22,516
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">William E. Gaumond
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:16.24pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:21.72pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.20%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$687
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$19,500
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">$2,250
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$22,437
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">Eric J. Thomes
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:16.24pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:21.72pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.20%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$798
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$19,500
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">$2,250
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$22,548
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">Neil H. McKay
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">$200
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.20%;">$1,700
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$747
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$21,750
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:21.72pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$24,397
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.11%;">Gretchen Cepek
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:6.29%;">2021
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt; padding-left:16.24pt;padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.86%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt; padding-left:21.72pt;padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.20%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.34%;">$417
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.80%;">$21,750
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt; padding-left:21.72pt;padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:13.54%;">--
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.44%;">$22,167
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z1cfd2d3e419a450fbcd75d8fa824d971" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(5)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents reimbursement or payments made to defray the costs of a spouse&#8217;s travel.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(6)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents Milestone Anniversary Program, which pays a bonus at three and five year anniversaries, and then every five years thereafter.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(7)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">Represents company matching contribution to the Allianz Supplemental Asset Accumulation Plan for deferrals in excess of IRS compensation limit.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Performance-Based
            Incentive Compensation Plans</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">AIP</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The AIP is intended to provide an incentive that
          will encourage superior individual performance and encourage retention of employees who have demonstrated exceptional performance or who are anticipated to significantly contribute to the long-term success of Allianz Life. The AIP seeks to
          accomplish this purpose by providing a bonus opportunity to eligible employees who have made significant contributions during the plan year to the achievement of annual goals and objectives. The guidelines for target awards are meant to be
          illustrative of competitive market bonuses for similar job levels in the marketplace. While the target awards may be used for illustrative, budget planning, or distribution scenarios, all bonus awards are discretionary and are in no way
          guaranteed.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Compensation Committee or other duly authorized
          committee determines allocation of bonus awards to employees. With respect to &#8220;principal officers&#8221; for purposes of the NEC Committee&#8217;s duties, the NEC Committee recommends to Allianz Life&#8217;s Board of Directors awards for final approval.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">AEI</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The AEI is designed to recognize the participant&#8217;s
          continuous employment with Allianz Life over the relevant period and shall be an incentive to continue employment. Grants under the AEI will generally only be made if the participant is employed with Allianz Life at the date of grant. Payments
          will be made only if the participant remains employed with Allianz Life during the vesting period of the RSU, or leaves employment under circumstances set out in the AEI, including after retirement or early retirement eligibility, disability, or
          under certain other circumstances. The securities issuable under the AEI are RSUs. An RSU constitutes the right to receipt of the market value of Allianz SE common stock at the time of exercise. This amount will be paid in cash. RSUs are subject
          to a four-year vesting period. At the end of the four-year vesting period, the RSUs are exercised uniformly for all participants, provided they remain employed by Allianz Life, terminate after retirement or early retirement eligibility, or under
          certain other circumstances. Vesting and exercise may accelerate if a participant leaves employment under other &#8220;good leaver&#8221; circumstances set forth in the AEI. The grant at fair value cannot be greater than 165% of a participant&#8217;s target
          amount. The maximum value of an exercise is an increase of 200% over the grant value (i.e., 300% of the grant value).</div>
      </div>
      <div type="Block" style="margin-top:129pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;90&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_30">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Grants of
            Plan-Based Awards</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table provides additional information
          about plan-based compensation disclosed in the Summary Compensation Table. This table includes both equity and non-equity awards granted for the year ended December 31, 2021.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z0c544e9e92664bc68f51b3e2b15dd1c0" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.77%;">Name<br>
                  <br>
                  (a)
                </td>
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Grant Date<br>
                  <br>
                  (b)
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.95%;">Estimated Future Payouts Under Non-Equity Incentive Plan Awards<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:33.95%;">Estimated Future Payouts Under Equity Incentive Plan Awards<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2,3)</sup>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Threshold ($)<br>
                  (c)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Target ($)<br>
                  (d)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Maximum ($)<br>
                  (e)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Threshold ($)<br>
                  (f)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Target ($)<br>
                  (g)
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.32%;">Maximum ($)<br>
                  (h)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Walter R. White
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$1,557,180
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$7,007,310
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$1,038,120
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$1,557,180
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Jasmine M. Jirele
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$712,202
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$3,204,909
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$474,802
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$949,604
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">William E. Gaumond
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$513,972
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$2,312,874
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$342,648
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$513,972
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Eric J. Thomes
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$578,340
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$2,602,530
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$385,560
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$578,340
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Neil H. McKay
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$550,800
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$2,478,600
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$367,200
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$550,800
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Gretchen Cepek
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">3/4/2022
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">RSUs (under AEI)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$422,550
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$1,901,475
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">AIP Award
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-bottom:3pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.32%;">$0
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$281,700
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:11.32%;">$422,550
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-bottom:3pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:0pt;padding-bottom:3pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:3pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:11.32%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z0d7977cf5d164b3e9f07a9ff7863c9dc" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">The target and maximum columns show the target award and maximum award for 2021 for each NEO under the AIP. There is no threshold amount for any participant in the AIP. The actual 2021 awards granted to the NEOs are listed
                  in the Non-Equity Incentive Compensation column of the Summary Compensation Table. AIP target and maximum awards are a pre-designated percentage of base salary determined at the executive&#8217;s level.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">RSUs have a vesting schedule as disclosed in the footnotes to the Summary Compensation Table. See &#8220;Outstanding Equity Awards at December 31, 2021&#8221; for disclosure regarding the number of RSUs that are unvested as of December
                  31, 2021.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">The target and maximum columns show the target award and maximum award for 2021 for each NEO under the AEI. There is no threshold amount for any participant in the AEI. The actual 2021 awards granted to
                  the NEOs are listed in the Stock Awards column of the Summary Compensation Table.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:282pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;91&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_31">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Outstanding
            Equity Awards at December 31, 2021</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table sets forth the outstanding
          equity awards at the December 31, 2021 fiscal year-end. The table shows RSUs granted pursuant to the AEI.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z1f238d05b4de4378919c6f202d36cb34" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.77%;">Name<br>
                  <br>
                  (a)
                </td>
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:79.23%;">RSUs
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Number of RSUs<br>
                  That Have Not<br>
                  Vested<br>
                  (g)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1,2)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Market Value of<br>
                  RSUs That Have<br>
                  Not Vested<br>
                  (h)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Walter R. White
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">7,030
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$1,637,920
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">5,239
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$1,220,635
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">6,097
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$1,420,540
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">8,139
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$1,896,306
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Jasmine M. Jirele
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:18.77pt;padding-right:6pt;padding-top:1.5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">0
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$0
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,467
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$341,796
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,886
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$439,419
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,407
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$560,807
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">William E. Gaumond
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,039
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$475,067
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,538
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$358,339
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,948
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$453,865
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,463
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$573,854
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Eric J. Thomes
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:11.47pt;padding-right:6pt;padding-top:1.5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">492
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$114,631
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:11.47pt;padding-right:6pt;padding-top:1.5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">457
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$106,476
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,474
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$343,427
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">3,625
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$844,589
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Neil H. McKay
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,203
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$513,277
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,731
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$403,306
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,123
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$494,638
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,503
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$583,174
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt;padding-top:1.5pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Gretchen Cepek
                </td>
                <td style="border-right:0.5pt solid #000000;line-height:0pt;padding-right:6pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.5pt;text-align:center;vertical-align:top;width:39.61%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:7.82pt;padding-right:6pt;padding-top:1.5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1538
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$358,339
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,413
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$329,215
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,512
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:39.61%;">$352,281
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:8pt;padding-bottom:3pt;padding-right:6pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:20.77%;">&#160;
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,789
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$416,819
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z5a45058a4a054a228db6a6ec3ddaefc6" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents unvested RSUs issued pursuant to the AEI. RSUs issued under the AEI during 2021 are subject to a four-year vesting period from the grant date. At the end of the respective vesting period, the RSUs are exercised
                  uniformly for all participants, provided they remain employed by Allianz Life or terminate after retirement or early retirement eligibility, or under certain other circumstances. Vesting and exercise may accelerate if a participant leaves
                  employment under other &#8220;good leaver&#8221; circumstances set forth in the AEI.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">For each of the NEOs, the number of RSUs listed on the first line were exercised in 2022, the RSUs listed on the second line will exercise in 2023, the RSUs listed on the third line will exercise in 2024, and the RSUs
                  listed on the fourth line will exercise in 2025.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">Based on an assumed stock price of $232.99 per share, which was the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor
                  system) on December 30, 2021 and the nine immediately preceding trading days, converted from Euros into U.S. dollars.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:142pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;92&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_32">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Allianz SE
            Option Exercises and Stock Grants Vested in 2021</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table summarizes the value received
          from Allianz SE stock grants vested during the year ended December 31, 2021.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zbcd6c43ddb2b4a948f9219717481f630" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.77%;">Name
                </td>
                <td colspan="2" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:79.23%;">Stock Awards
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Number of<br>
                  Shares<br>
                  Acquired<br>
                  on Vesting (#)
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Value Realized<br>
                  on Vesting ($)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Walter R. White
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">8,161
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$2,004,544
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Jasmine M. Jirele
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:20.24pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">-
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$0
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">William E. Gaumond
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,452
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$356,647
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Eric J. Thomes
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:11.47pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">617
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$151,551
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Neil H. McKay
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">2,550
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$626,343
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Gretchen Cepek
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">1,917
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:39.61%;">$470,863
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z0fb63dc17f474dc6be09118ec2195da4" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents Allianz SE RSUs that were exercised during 2021 pursuant to the AEI. Amounts realized were paid in cash.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Allianz Life
            Executive Severance Agreement</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz Life entered into an Executive Severance
          Agreement with our former Chief Executive Officer, Walter R. White, with an expiration date of December 31, 2021. The severance arrangements for Mr. White were prescribed by the Executive Severance Agreement.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Pursuant to the Executive Severance Agreement, Mr.
          White was entitled to a lump sum cash payment of $1,730,200 upon separation in the event he was terminated without &#8220;cause&#8221;, which is defined as engaging in conduct detrimental to the best interests of the Company (including, but not limited to,
          certain specified acts such as commission of a felony, theft, dishonesty, fraud or embezzlement) in the Executive Severance Agreement. In addition, pursuant to the Executive Severance Agreement, Mr. White was also bound by other restrictive
          covenants, including covenants relating to confidentiality and non-disparagement. Mr. White would also be entitled to continuation of medical and dental coverage at the employee premium rates for a period of 18 months following termination if Mr.
          White timely elected continuation and paid the required premiums.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The remainder of our NEOs are eligible for
          severance payments under the Executive Severance Plan if they experience a qualifying termination of employment and otherwise satisfy the conditions set forth in the applicable plan. The terms of this plan are set forth below.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Executive
            Severance Plan</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Executive officers who have the title of Senior
          Vice President or above and report directly to a senior executive officer at a specific level are eligible to receive severance benefits under the Executive Severance Plan if they experience a qualifying termination of employment, meaning an
          involuntary termination for any reason other than for &#8220;cause&#8221; with no offer of an equivalent position, and otherwise satisfy the conditions set forth in the plan. The purpose of the Executive Severance Plan is to provide severance benefits to
          executive officers whose employment is involuntarily terminated in a qualifying termination of employment in order to assist with job transition. Pursuant to the Executive Severance Plan, eligible executive officers who are involuntarily
          terminated in a qualifying termination of employment will receive a lump sum cash payment equal to one and one-half times their &#8220;annual base pay&#8221; in effect at the time of termination. Annual base pay, for purposes of this agreement, equals base
          salary and excludes special payments, such as bonuses, expense reimbursements, living, or other allowances. Eligible executive officers would also be entitled to continuation of medical and dental coverage at employee premium rates for a period
          of 18 months following termination, if the executive officer timely elects continuation coverage and pays the required premiums.</div>
      </div>
      <div type="Block" style="margin-top:104pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;93&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_33">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table shows the lump sum payments
          that would have been payable to each of our NEOs had they been terminated on December 31, 2021 and been eligible for severance payments pursuant to the Executive Severance Plan.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z38948223c0fd40a1b3ce0ea9825127c9" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:52.83%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:48.85%;">NEOs
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:51.15%;">Lump Sum Payment
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">Walter R. White<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:51.15%;">$1,730,200
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">Jasmine M. Jirele
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:51.15%;">$1,125,000
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">William E. Gaumond
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:51.15%;">$713,850
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">Eric J. Thomes
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:51.15%;">$803,250
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">Neil H. McKay
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;width:51.15%;">$765,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.85%;">Gretchen Cepek
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:51.15%;">$704,250
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z002296fc97484ba7a3b83d3a6a72e1ea" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Mr. White is not eligible to receive payments pursuant to the Executive Severance Plan. See &#8220;Allianz Life Executive Severance Agreement&#8221; for information regarding severance payments that Mr. White is eligible to receive
                  upon termination of service.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Director
            Compensation</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following table provides information on
          compensation paid to the directors of Allianz Life for the year ended December 31, 2021.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zab3b5464b07243cbbc073d432de62d77" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt;padding-right:6pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.77%;">Name
                </td>
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:6pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Fees Earned<br>
                  or Paid in<br>
                  Cash<br>
                  ($)<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt;padding-top:4pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:39.61%;">Total<br>
                  ($)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.77%;">(a)
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.61%;">(b)
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:1.5pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.61%;">(h)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Andreas G. Wimmer<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  <font style="font-weight:Normal;">Chair of the Board</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Jasmine M. Jirele<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><br>
                  <font style="font-weight:Normal;">President and Chief Executive Officer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">William E. Gaumond<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><br>
                  <font style="font-weight:Normal;">Senior Vice President, Chief Financial Officer and Treasurer</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Walter R. White <sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup><br>
                  <font style="font-weight:Normal;">Former President and Chief Executive Officer; Non-Independent Director</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Anna Sophie Herken<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  <font style="font-weight:Normal;">Non-Independent Director</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">N/A
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Howard E. Woolley<br>
                  <font style="font-weight:Normal;">Independent Director</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$60,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$60,000
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:6pt; padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Kevin E. Walker<br>
                  <font style="font-weight:Normal;">Independent Director</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:6pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$60,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:6pt;padding-right:4pt;padding-top:1.5pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$60,000
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:4pt; padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:20.77%;">Udo Frank<br>
                  <font style="font-weight:Normal;">Independent Director</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt; padding-right:6pt;padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$90,000
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-right:4pt; padding-top:1.5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:39.61%;">$90,000
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="1" id="z536c6789059d456a8e7e91caa8570876" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Represents cash compensation provided to our independent directors that is formalized in the Non-Employee Director Compensation Plan for the year ended December 31, 2021.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.64%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.36%;">Mr. Wimmer (and his predecessor, Jacqueline Hunt) and Ms. Herken did not receive any compensation for their services as directors since they are employed by one of our affiliates.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.64%;">(3)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:96.36%;">As employee directors, Ms. Jirele and Messrs. White and Gaumond did not receive any compensation for their service as directors. The compensation Ms. Jirele and Messrs. White and Gaumond received as
                  executive officers of Allianz Life is disclosed in the Summary Compensation Table as set forth herein.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Security Ownership of Certain Beneficial Owners and
          Management</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We are an indirect wholly owned subsidiary of
          Allianz SE. Allianz SE&#8217;s principal executive offices are located at K&#246;niginstrasse 28, 80802 Munich, Germany. As of March 31, 2021, the directors and executive officers of Allianz Life held less than 1% of Allianz SE&#8217;s ordinary shares issued and
          outstanding.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Transactions with Related Persons, Promoters and
          Certain Control Persons</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We are a wholly owned subsidiary of AZOA, which is
          a wholly owned subsidiary of Allianz Europe B.V. Allianz Europe B.V. is a wholly owned subsidiary of Allianz SE, our ultimate parent, which is registered in Munich, Germany.</div>
      </div>
      <div type="Block" style="margin-top:24pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;94&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_34">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Business and Operational Risks Relevant to the
          Contract</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">As an insurance company, a number of risks may
          affect our business. However, because the Contract (and any other insurance contract that we offer) is a regulated insurance product, as opposed to an investment in our business, many of the risks that may be relevant to an investor in our
          business are unlikely to be relevant to you. The risks described below are only those business and operational risks that are likely to be relevant to you as a purchaser of the Contract.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Risks
            Primarily Related to Our Financial Strength and Claims-Paying Ability</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We make Annuity Payments, pay death benefits, and
          apply Credits for this Contract from our general account. We also pay benefits for other insurance contracts from our general account, and our general account is subject to claims by our creditors. Our ability to make payments from our general
          account is subject to our financial strength and claims-paying ability. The following risks relate to circumstances and events that may negatively affect our general account and, in turn, our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Financial losses may threaten our financial strength
          and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">As an Owner of the Contract, you do not share in
          the profits and losses generated by our business. However, if we were to experience significant losses, we might not have sufficient assets in our general account to satisfy all of our financial obligations under the Contract. Circumstances and
          events that may result in financial losses include, but are not necessarily limited to, the circumstances and events listed below. We cannot predict what specific impact that any of these circumstances or events may ultimately have on our
          financial strength or claims-paying ability.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zfe0895de2a834f66bd8971757705343e" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Difficult Economic Conditions.<font style="font-style:Normal;"> Our financial condition is materially affected by conditions in the global capital markets and the economy generally. During an economic downturn, the demand
                    for our financial insurance products and services could be adversely affected. In addition, an economic downturn could cause the number and amount of full and partial withdrawals under our insurance products to increase significantly,
                    and owners of our insurance products may choose to defer making purchase payments or paying insurance premiums or stop them altogether.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Unfavorable Interest Rate Environments.<font style="font-style:Normal;"> During periods of declining interest rates, we may experience financial losses as the spread between interest rates that we credit to customers under
                    our insurance products and returns on our investments tighten. The ongoing low interest rate environment presents challenges for us and other life insurance companies, as it has generally reduced investment returns, raised the value of
                    future obligations, and challenged asset-liability matching. During periods of increasing interest rates, we may experience financial losses due to increases in full and partial withdrawals under our insurance products as our customers
                    choose to forgo insurance protection in favor of potentially higher returns. Although we take measures to manage economic risks associated with different interest rate environments, we may not be able to fully mitigate those risks.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Losses on Fixed Maturity Investments.<font style="font-style:Normal;"> Our fixed maturity investments are subject to interest rate risk and credit risk. Interest rate risk refers to how the values of our fixed maturity
                    investments fluctuate in response to changes in market interest rates. Increases and decreases in prevailing interest rates generally result in decreases and increases, respectively, in the values of our fixed maturity investments.
                    Credit risk refers to the risk that a counterparty will default on its commitments to us under a fixed maturity investment. See &#8220;Defaults by Counterparties&#8221; below.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Losses on Equity Investments.<font style="font-style:Normal;"> Our equity investments are generally valued based on quoted market prices and are subject to market risk. Market risk refers to how market prices for equity
                    investments are subject to fluctuation. A downward fluctuation in the market price for an equity investment could result in losses upon the sale of that investment. Fluctuations in market prices may result from, among other things,
                    actual or perceived changes in the attractiveness of specific investments or in general market conditions.</font>
                </td>
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                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Losses on Real Estate Investments.<font style="font-style:Normal;"> A portion of our investment portfolio consists of mortgage loans and mortgage-backed securities related to commercial, agricultural and residential real
                    estate. The value of our real estate investments may be negatively impacted by general economic conditions in the real estate sector, including supply and demand, market volatility, interest rate fluctuations, and geographic and extreme
                    weather risks, as well as the creditworthiness of obligors.</font>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Losses upon the Sale of Illiquid Investments.<font style="font-style:Normal;"> We hold certain investments that may lack liquidity, such as privately placed fixed maturity investments, mortgage loans,
                    collateralized debt obligations, commercial mortgage-backed securities, equity real estate and limited partnership interests. Although we seek to minimize the likelihood that we would need to sell illiquid investments, if we were
                    required to liquidate these investments on short notice, we may have difficulty doing so and may be forced to sell them for less than their fair value.</font>
                </td>
              </tr>

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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;95&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Prolonged and Elevated Inflationary Periods.<font style="font-style:Normal;"> During inflationary periods, the value of our fixed maturity investments may fall, see Losses on Fixed Maturity Investments above. Inflation also
                    increases expenses, which will negatively impact our financial condition in the event that such additional costs cannot be offset. Prolonged and elevated inflation could adversely affect the financial markets and the economy generally,
                    and dispelling it may require governments to pursue a restrictive fiscal and monetary policy, which could constrain overall economic activity and our growth.</font>
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Loss of Market Share to Competitors.<font style="font-style:Normal;"> There is strong competition among insurers, banks, brokerage firms and other financial institutions and providers seeking clients for the types of
                    products and services that we provide. A loss of market share to our competitors could result in financial losses to our business. Our ability to successfully compete is dependent on numerous factors, some of which include the
                    successful implementation of our business strategy, our financial strength, the attractiveness of our products and services, our relationships with distributors, and our reputation. Our ability to compete may also be hindered if our
                    competitors obtain or seek to enforce intellectual property rights against us, or if we are otherwise precluded from offering products or services that are in demand. Our ability to compete may also be hindered if we are not able to
                    protect or enforce our own intellectual property rights.</font>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Defaults by Counterparties.<font style="font-style:Normal;"> Third-parties that owe us money, securities, or other assets may not fulfill their obligations to us. These parties may include issuers of investments that we may
                    hold, borrowers under loans that we may hold or extend, reinsurers, counterparties under swap and other derivative contracts and other third-parties (e.g., customers, trading counterparties, brokers, dealers, banks, investment funds,
                    clearing agents, exchanges and clearing houses). In addition, with respect to secured transactions, the risk of default may be exacerbated when the collateral held by us cannot be liquidated or is liquidated at a price that is not
                    sufficient to cover the full amount owed to us. A party may default on its obligations for a variety of reasons, including bankruptcy, lack of liquidity, downturns in the economy or real estate market and operational failure. General
                    economic conditions and trends may also result in increased defaults.</font>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Impairments of Other Financial Institutions.<font style="font-style:Normal;"> We routinely execute transactions with counterparties in the financial services industry, including brokers, dealers, commercial banks,
                    investment banks, insurers, reinsurers and other investment and financial institutions. A disruption to, or decline in the financial condition of, such financial institutions may expose us to financial losses.</font>
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Payments through Guaranty Associations.<font style="font-style:Normal;"> When an insurance company becomes insolvent, state insurance guaranty associations have the right to assess other insurance companies doing business
                    in their state for funds to pay obligations to policyholders of the insolvent company, up to the state-specified limit of coverage. The future failure of a large life, health or annuity insurer could trigger assessments which we would
                    be obligated to pay. Further, amounts for historical insolvencies may be assessed over many years, and there can be significant uncertainty around the total obligation for a given insolvency.</font>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Ineffectiveness of Risk Management Policies.<font style="font-style:Normal;"> Our risk management policies and procedures intended to identify, monitor and manage economic risks may not be fully effective at mitigating our
                    risk exposure in all market environments or against all types of risk. This could cause us to incur investment losses or cause our hedging and other risk management strategies to be ineffective.</font>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Impacts of Climate Change.<font style="font-style:Normal;"> We are exposed to economic risks related to climate change. Our financial condition could be negatively impacted by increased costs, or
                    financial losses on investments, arising from various events related to climate change, such as changes in public policy (either contributing to the adverse effects of climate change or promoting adaption to climate change), short-term
                    or long-term market distributions, changes in mortality/morbidity assumptions, changes in consumer behavior, business disruptions, extreme weather events, litigation, increased regulatory requirements, advancements in technology, and
                    longer-term shifts in climate patterns. Climate change could also impact the types of assets in which we invest. For example, as the transition to a lower-carbon, more energy-efficient economy continues, regulators could require us (or
                    we could voluntarily choose) to invest less in carbon-based industries, even though investments in carbon-based industries may have better returns in the short or long term. In addition, real estate investments may expose us to greater
                    climate change risk, as climate change may negatively impact market prices or supply and demand, and may make extreme weather events more likely or frequent. Further, we may not be able to adequately predict and mitigate climate-change
                    risk due to significant uncertainty and unknowns regarding the manifestations and timing of climate-change-driven events, absence of adequate historical data that captures this risk and the dependency of this risk on the extent of the
                    actions taken in the short term by governments, corporations and communities around the world.</font>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: none;">Changes in applicable law may negatively affect our
          financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We are subject to detailed and comprehensive
          regulation and supervision in all the jurisdictions in which we operate. Our operations, products and services are subject to varying state and federal laws. In addition, our operations, products and services are regulated by various regulatory
          authorities and self-regulatory authorities including state insurance departments, state securities administrators, state banking authorities, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Internal
          Revenue Service, the Department of Labor, and the U.S. Commodity Futures Trading Commission.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Changes to federal and state laws and regulations
          may materially affect the way in which we conduct our business. We are faced with significant challenges due to the fact that our regulatory environment is evolving rapidly. Federal and state governments, including federal and state regulatory
          authorities, have become increasingly active in the regulation of the businesses in which we engage. In addition, federal and state regulatory authorities are assuming active, and in some cases increasingly aggressive, roles in interpreting and
          enforcing laws and regulations related to our business. We cannot predict the potential effects that any new laws or regulations, changes in existing laws or regulations, or the interpretation or enforcement of laws or regulations may have on our
          business, but such changes may negatively affect our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Securities and Exchange Commission has recently
          adopted new rules effective on June 30, 2020 (i) imposing a &#8220;best interest&#8221; standard of care on broker-dealers making recommendations to their customers and (ii) requiring broker-dealers and investment advisers to provide a written summary of the
          relationship between a broker-dealer or investment adviser, as applicable, and its customer. These new rules became effective on June 30, 2020. It remains unclear whether or to what extent these rules, and the evolving nature of the enforcement
          and interpretation of these rules by the Securities and Exchange Commission, could ultimately affect broker-dealers&#8217; willingness to recommend our registered annuity products. These rules could increase, and to some extent have increased, our
          overall compliance costs and could also increase our exposure to legal claims in certain circumstances, including an increased risk of regulatory enforcement actions or potentially private claims.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Various states have also adopted laws raising the
          standard of care owed by broker-dealers, investment advisers, or insurance agents to their customers. For example, nearly 20 states have adopted the National Association of Insurance Commissioners (&#8220;NAIC&#8221;) revisions to its Suitability in Annuity
          Transactions Model Regulation, which imposes a requirement that any recommendation of an annuity product be in the consumer&#8217;s best interest. Some states have also adopted laws that differ from the NAIC&#8217;s Suitability in Annuity Transactions Model
          Regulation but impose similar obligations. As changes are adopted by our state regulator(s) and made applicable to us or the third-party firms that distribute our products, they could have an adverse impact on our business. In states that have
          adopted these increased standards with respect to annuity recommendations, this may lead to an increased risk of regulatory enforcement actions or potentially private claims.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our reserves could be inadequate due to differences
          between our actual experience and management&#8217;s estimates and assumptions.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We establish and carry reserves to pay future
          benefits and claims of policyholders. Our reserve are calculated based on a number of estimates and assumptions, including estimates and assumptions related to future mortality, morbidity, interest rates, future equity performance, reinvestment
          rates, persistency, claims experience, and policyholder elections (i.e., the exercise or non-exercise of policy benefits). The assumptions and estimates used in connection with the reserve estimation process are inherently uncertain, involve the
          exercise of significant judgment and reflect evolving information. For example, the current rates of mortality and morbidity may continue to improve in the future due to medical and technological advancements that result in policyholders living
          longer than anticipated. We periodically review the adequacy of reserves and the underlying assumptions and make adjustments when appropriate. We cannot, however, determine with precision the amounts that we will pay for, or the timing of payment
          of, actual benefits and claims or whether the assets supporting the policy liabilities will grow to the level assumed prior to payment of benefits or claims. If actual results differ significantly from our estimates and assumptions, our claim
          costs could increase significantly and our reserves could be inadequate. If so, we will be required to increase reserves or accelerate amortization of deferred acquisition costs. However, we cannot be certain that our reserves will ultimately be
          sufficient to pay future benefits and claims of policyholders.</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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          Table of Contents
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The amount of statutory capital that we must hold to
          meet our statutory capital requirements can vary significantly from time to time.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Statutory accounting standards and capital and
          reserve requirements are prescribed by the applicable state insurance regulators and the NAIC. State insurance regulators have established regulations that govern reserving requirements and provide minimum capitalization requirements based on
          risk-based capital (&#8220;RBC&#8221;) ratios for life insurance companies. In any particular year, statutory surplus amounts and RBC ratios may increase or decrease depending on a variety of factors, including but not limited to, the amount of statutory
          income or losses that we generate, changes in reserves, the amount of additional capital that we must hold to support business growth, changes in equity market levels, the value of certain fixed-income and equity securities in our investment
          portfolio, changes in interest rates, and changes to existing RBC formulas. Additionally, state insurance regulators have significant leeway in interpreting existing regulations, which could further impact the amount of statutory capital or
          reserves that we must maintain. There can be no assurance that we will be able to maintain our current RBC ratio in the future or that our RBC ratio will not fall to a level that could have a material adverse effect on our business. If we are
          unable to maintain minimum capitalization requirements, our business may be subject to significant increases in supervision and control by state insurance regulators.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Litigation and regulatory proceedings may negatively
          affect our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We have been named as defendants in lawsuits (both
          class actions and individual lawsuits) and have been involved in various regulatory investigations and examinations, and we may be involved in more in the future. These actions arise in various contexts, including in connection with our
          activities as an insurer, securities issuer, employer, investor, and taxpayer. Lawsuits and regulatory proceedings may involve significant amounts of damages (including punitive damages) or fines that we must pay, and certain regulatory
          authorities involved in regulatory proceedings have substantial power over our business operations. An adverse outcome in any lawsuit or regulatory proceeding that results in significant financial losses or operational burdens may negatively
          affect our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Reinsurance may not be available or affordable, or
          may not be adequate to protect against harm to our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">As part of our overall risk management strategy, we
          purchase reinsurance for certain risks underwritten by our various business segments. While reinsurance agreements generally bind the reinsurer for the life of the business reinsured at generally fixed pricing, market conditions beyond our
          control can determine the availability and cost of the reinsurance protection for new business. If we are unable to purchase the desired amount of reinsurance protection on acceptable terms, our risk of loss may increase. As our risk of loss
          increases, so does the risk that we may not be able to meet our financial obligations.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our hedging programs may be inadequate to protect
          against harm to our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Certain types of insurance and investment products
          that we offer expose us to risks associated with fluctuations in financial markets. Although we use hedging techniques to manage risks associated with our insurance guarantees, increased volatility in the financial markets and unanticipated
          policyholder behavior may increase the cost of these hedges and/or negatively affect our ability to hedge certain risks. We may lose money on the derivatives that we hold as part of our hedging programs or otherwise. Ultimately, our hedging
          programs may be inadequate to protect us against the full extent of the exposure or losses we seek to mitigate, which in turn may negatively impact our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Downgrades and potential downgrades to our
          claims-paying and financial strength ratings may signal a higher risk that we may be unable to meet our financial obligations, and may themselves negatively affect our financial strength and claims-paying ability.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our claims-paying and financial strength ratings,
          which various ratings organizations publish as measures of an insurance company's ability to meet policyholder obligations, are important to maintaining public confidence in Allianz Life and our products, and the ability to market our products
          and services. A downgrade or an announced potential downgrade by credit rating agencies in our claims-paying and financial strength ratings may reflect an increased risk that we may not be able to meet our financial obligations. Any such
          downgrade or potential downgrade may itself harm our financial strength and claims-paying ability by causing financial losses to our business. Such losses may be the result of:</div>
        <div style="text-align:left;">
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">reductions in new sales of insurance products, annuities and other investment products;
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">increases in our cost of capital or limitations on our access to sources of capital;
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">harm to our relationships with distributors and sales specialists;
                </td>
              </tr>

          </table>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;98&#160;</div>
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    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
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                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">material increases in the number or amount of full and partial withdrawals under our insurance products;
                </td>
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                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">pressure on us to reduce prices or increase crediting rates for many of our insurance products; and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">harm to our ability to obtain reinsurance or obtain reasonable pricing for reinsurance.
                </td>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Similarly, credit rating agencies also evaluate the
          insurance industry as a whole and may change Allianz Life&#8217;s and other insurance companies&#8217; financial strength ratings based on the agencies&#8217; overall view of the industry. It is possible that Allianz Life&#8217;s credit rating could be similarly
          downgraded in the future based on credit rating agencies&#8217; evaluation of the life insurance industry as a whole due to changes in their view of Allianz Life relative to the industry or a change in their rating assessment methodologies. In
          addition, downgrades or announced potential downgrades in the financial strength ratings of the financial institutions with which we do business may adversely impact our business operations and may cause financial losses to our business.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Risks
            Primarily Related to Our Business Operations</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Breaches of security, or interference with our
          technology infrastructure, could harm our business.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Our business relies on technology systems and
          networks, including systems and networks managed by third parties to process, transmit and store information, and to conduct business activities and transactions with clients, distributors, vendors, and other third parties. We are also subject to
          certain federal and state regulations that require us to establish and maintain policies and procedures designed to protect sensitive client information. Maintaining the integrity of our systems is critical to the success of our business
          operations, including the retention of clients, and to the protection of our clients&#8217; personal information. To date, we have not identified any material breaches or interference with our systems and networks; however, we routinely encounter and
          address such threats, including an increasing frequency of phishing scams, introductions of malware and unauthorized payment requests. Any such breaches or interference by third parties or by our employees that may in the future occur could have
          a material adverse impact on our business operations and our financial condition.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We have implemented and maintain security measures
          designed to protect against breaches of security and other interference with systems and networks resulting from attacks by third parties, including hackers, and from employee error or malfeasance. We also require third party vendors who, in the
          provision of services to us, are provided with or process information pertaining to our business or our clients to meet certain information security standards. Changes in our technology platforms, such as an evolution to accommodate mobile
          computing, may also require corresponding changes in our systems, networks and data security measures. In addition, the increasing reliance on technology systems and networks and the occurrence and potential adverse impact of attacks on such
          systems and networks, both generally and in the financial services industry, have enhanced government and regulatory scrutiny of the measures taken by companies to protect against cyber-security threats. As these threats, and government and
          regulatory oversight of associated risks, continue to evolve, we may be required to expend additional resources to enhance or expand upon the security measures we currently maintain.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Despite the measures we have taken and may in the
          future take to address and mitigate these risks, we cannot ensure that our systems and networks will not be subject to breaches or interference. Any such event may result in operational disruptions as well as unauthorized access to or the
          disclosure or loss of our proprietary information or our clients&#8217; personal information, which in turn may result in legal claims, regulatory scrutiny and liability, reputational damage, the incurrence of costs to eliminate or mitigate further
          exposure, the loss of clients or other damage to our business. Any such event may interfere with, impede or cause delays in our calculation of values, processing of transactions and making of payments under the Contract. In addition, the trend
          toward broad consumer and general public notification of such incidents could exacerbate the harm to our business operations and our financial condition. Even if we successfully protected our technology infrastructure and the confidentiality of
          sensitive data, we may incur significant expenses in responding to any such attacks as well as the adoption and maintenance of appropriate security measures. We could also suffer harm to our business and reputation if attempted security breaches
          are publicized. We cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in our systems, data thefts, physical system or network break-ins or inappropriate access, or other
          developments will not compromise or breach the technology or other security measures protecting our networks and systems used in connection with our products and services. There may be an increased risk of cyberattacks during periods of
          geo-political or military conflict (such as Russia&#8217;s invasion of Ukraine and the resulting response by the United States and other countries).</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
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        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;99&#160;</div>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The failure to protect our clients&#8217; confidential
          information and privacy could adversely affect our business.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">A number of our businesses are subject to privacy
          regulations and confidentiality obligations, including the Gramm-Leach-Bliley Act and state privacy laws and regulations. We also have contractual obligations to protect certain confidential information we obtain from our existing vendors and
          clients. These obligations generally include protecting such confidential information in the same manner and to the same extent as we protect our own confidential information. The actions we take to protect confidential information vary by
          business segment and may include, among other things:</div>
        <div style="text-align:left;">
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">training and educating our employees regarding our obligations relating to confidential information;
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">monitoring changes in state or federal privacy and compliance requirements;
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">drafting appropriate contractual provisions into any contract that raises proprietary and confidentiality issues;
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">maintaining secure storage facilities for tangible records;
                </td>
              </tr>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">limiting access to electronic information; and
                </td>
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                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">in the event of a security breach, providing credit monitoring or other services to affected customers.
                </td>
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        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">In addition, we must develop, implement and
          maintain a comprehensive written information security program with appropriate administrative, technical and physical safeguards to protect such confidential information. If we do not properly comply with privacy regulations and protect
          confidential information, we could experience adverse consequences, including regulatory sanctions, such as penalties, fines and loss of license, as well as loss of reputation and possible litigation. This could have an adverse impact on our
          Company&#8217;s reputation and business results.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Protection from system interruptions and operating
          errors is important to our business. If we were to experience a sustained interruption to our telecommunications or data processing systems or other failure in operational execution could harm our business operations and our business results.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Operating errors and system or network
          interruptions could delay and disrupt our ability to develop, deliver or maintain our products and services, causing harm to our business and reputation and resulting in loss of customers or revenue. Operating errors and system or network
          interruptions may also interfere with, impede or cause delays in our calculation of values, processing of transactions and making of payments under the Contract. Interruptions could be caused by operational failures arising from employee error or
          malfeasance, interference by third parties (including hackers and other cyber-attacks), implementation of new technology, and maintenance of existing technology. Our financial, accounting, data processing or other operating systems and facilities
          may fail to operate or report data properly, experience connectivity disruptions or otherwise become disabled as a result of events that are wholly or partially beyond our control, adversely affecting our ability to process transactions or
          provide products and services to customers. The cause of these interruptions can include fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor software
          or systems and other events beyond our control.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">In addition, we rely on third party service
          providers and vendors for certain communications, technology and business functions and face the risk of operational failure (including, without limitation, failure caused by an inaccuracy, untimeliness or other deficiency in data reporting),
          termination or capacity constraints of any of the clearing agents, exchanges, clearing houses or other third party service providers that we use to facilitate or are component providers to our transactions and other product manufacturing and
          distribution activities. These risks are heightened by the evolution in the financial markets of increasingly sophisticated products, by business-driven hedging, by compliance issues and by other risk management or investment or by financial
          management strategies. Any such failure, termination or constraint could adversely impact our ability to implement transactions, service our clients, manage our exposure to risk or otherwise achieve desired outcomes.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The occurrence of natural or man-made disasters and
          catastrophes could adversely affect our business operations and our business results.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The occurrence of natural or man-made disasters and
          catastrophes, including extreme weather events, acts of terrorism, geo-political disputes, public health crises (e.g. COVID-19), industrial accident, blackout, cyber-attack, computer virus, insider threat, insurrections and military actions,
          unanticipated problems with our disaster recovery systems, or a support failure from external providers, could adversely affect our business operations and our business results, particularly if those events affect our computer-based data
          processing, transmission, storage, and retrieval systems or destroy data. Such disasters and catastrophes may damage our facilities, preventing our employees from performing their roles or otherwise disturbing our ordinary business operations,
          and by impacting claims. Such disasters and catastrophes may also impact us indirectly by changing the condition and behaviors of our customers, business counterparties and regulators, as well as by causing declines or volatility in the economic
          and financial markets. Climate change could increase our overall risk as</div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
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      </div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
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      <a name="xx_61d1aeb9-c3dc-4873-8225-84ab90c3e929_40">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; text-align: left; text-decoration: none; text-transform: none;">extreme weather events may become more likely or frequent. We rely
          on certain third-parties to provide certain services important to our business operations. While we monitor the performance of such third-parties, including those with employees who operate remotely, successful implementation and execution of
          their business continuity strategies are largely outside of our control. Weaknesses or failures within a vendor&#8217;s business continuity plan in light of a natural or man-made disaster or catastrophe could materially disrupt our business operations.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Inadequate or failed processes or systems, human
          factors or external events may adversely affect our reputation or operational effectiveness, as well as our financial condition.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Operational risk is inherent in our business and
          can manifest itself in various ways, including business interruption, poor vendor performance, information systems malfunctions or failures, regulatory breaches, human errors, employee misconduct, external fraud, and inability to recruit,
          motivate, and retain key employees. These events can potentially result in financial loss, harm to our reputation and/or hinder our operational effectiveness. Management attempts to control these risks and keep operational risk at low levels by
          maintaining a sound and well controlled environment in light of the characteristics of our business, markets and regulatory environment in which we operate. Notwithstanding these measures, operational risk is part of the business environment in
          which we operate, and we may experience operational disruptions and incur losses from time to time due to these types or risks.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;"><font style="text-decoration:underline;">Risks Related to the COVID-19 Pandemic</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">We continue to closely monitor developments related
          to the COVID-19 pandemic and its impact on our business and operations. The economic conditions and uncertainties during the pandemic have at times negatively impacted our net income, surplus, and capital and liquidity positions. To date,
          however, we do not believe that these economic conditions and uncertainties have negatively impacted our overall financial strength and claims-paying ability in a significant manner. Nor do we believe that our administration of the Contract and
          our other insurance contracts has been disrupted in a significant manner, even as many of our employees and the employees of our third-party service providers continue to work remotely.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The extent to which the pandemic will impact our
          business and operations in the future will depend on future developments, which are highly uncertain and cannot be predicted, including the general scope and duration of the pandemic; actions taken by governmental authorities and other third
          parties in response to the pandemic; the occurrence of new variants of the COVID virus; the severity and duration of waves in infections and hospitalizations; and the efficacy of vaccines, therapeutic treatments, and other healthcare programs.
          Any risk management or contingency plans or preventative measures we take may not adequately predict or address the impact of the COVID-19 pandemic on our business. As such, the pandemic could have a material adverse effect on our financial
          condition and operations.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The pandemic-related risks that we face include
          (but are not necessarily limited to) the following:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zbf01da8982b84767ae58200cd65c6771" style="border-collapse:collapse;empty-cells:show;margin-top:3pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Economic conditions and uncertainties may negatively impact the value, cash flow, and liquidity of our general account investments due to, <font style="font-style:italic;">e.g.</font>, declines in markets, market
                  volatility, reduced liquidity, changes in interest rates, economic shutdowns or slowdowns, prolonged elevated inflation period, government regulations, higher unemployment levels, and counterparty defaults.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Voluntary or government mandated hardship assistance that we provide to our customers in the form of, <font style="font-style:italic;">e.g.</font>, grace periods for failure to make timely payments, may reduce our net
                  income and surplus.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Reductions in new sales of our financial products or reductions in fees collected by us, or increases in full withdrawals, cancellations, or defaults with respect to our customers&#8217; existing financial products, as a result
                  of economic conditions and uncertainties may reduce our net income and surplus.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Economic conditions and uncertainties may limit our access to sources of capital and our ability to obtain reinsurance.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">Voluntary and government mandated pandemic mitigation<font style="font-style:italic;"> </font>efforts, such as prolonged remote working arrangements and economic shutdowns, and employees&#8217; ability or willingness to fulfill
                  their responsibilities during the pandemic, may disrupt our ability to administer our insurance contracts (including our ability to timely process applications, transactions, and payments and to calculate values) and may disrupt the
                  services provided by third-parties upon which we rely to administer our insurance contracts. Extended periods of remote work arrangements could introduce additional operational risk, including but not limited to cybersecurity risks, and
                  impair our ability to effectively manage our business.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Longer-term deviations from the mortality, customer behavior, expenses, and other assumptions that we use to price our products and support our obligations.
                </td>
              </tr>

          </table>
        </div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;101&#160;</div>
      </div>
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    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 13pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">In addition to the risks listed above, to the
          extent that the pandemic impacts our business and operations, it may also have the effect of heightening the other risks described in this section of the prospectus.</div>
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:lowercase;">14.<font style="text-transform:uppercase;">&#160;&#160;Financial
            Statements</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The statutory financial statements of Allianz Life
          Insurance Company of North America as of December 31, 2021 and 2020 and for each of the three years in the period ended December 31, 2021 included in Appendix I of this prospectus have been so included in reliance on the report of
          PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The financial statements of the subaccounts of
          Allianz Life Variable Account B of Allianz Life Insurance Company of North America (&#8220;Variable Account B&#8221;) as of December 31, 2021 are incorporated herein by reference to Variable Account B&#8217;s <font style="color:#0000FF;text-decoration:underline;">
            <a href="http://www.sec.gov/Archives/edgar/data/836346/000083634622000028/nvpfsazsepacctbapril2022.htm">Form N-VPFS</a></font> (File No. 811-05618) filed with the SEC have been so incorporated in reliance on the report of PricewaterhouseCoopers
          LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.</div>
      </div>
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        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;102&#160;</div>
      </div>
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    </div>
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    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
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      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix A &#8211; Available Indexes</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">S&amp;P 500<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is comprised of 500 stocks representing major U.S. industrial sectors.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">S&amp;P<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> is a registered trademark of Standard &amp; Poor&#8217;s Financial Services LLC (&#8220;S&amp;P&#8221;). This trademark has been licensed for use by S&amp;P Dow Jones Indices LLC. S&amp;P marks
          are trademarks of S&amp;P. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (&#8220;Allianz&#8221;). The S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
          (&#8220;the Index&#8221;) is a product of S&amp;P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Allianz products are not sponsored, endorsed, sold,
          or promoted by S&amp;P Dow Jones Indices LLC, Dow Jones, S&amp;P, or any of their respective affiliates (collectively, &#8220;S&amp;P Dow Jones Indices&#8221;). S&amp;P Dow Jones Indices make no representation or warranty, express or implied, to the owners
          of the Allianz products or any member of the public regarding the advisability of investments generally or in Allianz products particularly or the ability of the Index and Average to track general market performance. S&amp;P Dow Jones Indices&#8217;
          only relationship to Allianz with respect to the Index and Average is the licensing of the Index and Average and certain trademarks, service marks, and/or trade names of S&amp;P Dow Jones Indices and/or its third-party licensors. The Index and
          Average are determined, composed, and calculated by S&amp;P Dow Jones Indices without regard to Allianz or the products. S&amp;P Dow Jones Indices have no obligation to take the needs of Allianz or the owners of the products into consideration in
          determining, composing, or calculating the Index and Average. S&amp;P Dow Jones Indices are not responsible for and have not participated in the design, development, pricing, and operation of the products, including the calculation of any
          interest payments or any other values credited to the products. S&amp;P Dow Jones Indices have no obligation or liability in connection with the administration, marketing, or trading of products. There is no assurance that investment products
          based on the Index and Average will accurately track index performance or provide positive investment returns. S&amp;P Dow Jones Indices LLC and its subsidiaries are not investment advisors. Inclusion of a security or futures contract within an
          index is not a recommendation by S&amp;P Dow Jones Indices to buy, sell, or hold such security or futures contract, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently
          issue and/or sponsor financial products unrelated to products currently being issued by Allianz, but which may be similar to and competitive with Allianz products. In addition, CME Group Inc., an indirect minority owner of S&amp;P Dow Jones
          Indices LLC, and its affiliates may trade financial products which are linked to the performance of the Index and Average. It is possible that this trading activity will affect the value of the products.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">S&amp;P DOW JONES INDICES DO NOT GUARANTEE THE
          ADEQUACY, ACCURACY, TIMELINESS, AND/OR THE COMPLETENESS OF THE INDEX AND AVERAGE OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT
          THERETO. S&amp;P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&amp;P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF
          MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ALLIANZ, OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX AND AVERAGE OR WITH RESPECT TO ANY DATA RELATED THERETO.
          WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&amp;P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST
          TIME, OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&amp;P DOW JONES
          INDICES AND ALLIANZ OTHER THAN THE LICENSORS OF S&amp;P DOW JONES INDICES.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Russell 2000<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
          Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index is constructed to provide a comprehensive and unbiased small-cap barometer and is
          completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index.</div>
      </div>
      <div type="Block" style="margin-top:19pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix A</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;103&#160;</div>
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    </p>
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        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index (the &#8220;Index&#8221;) is a trademark of Frank Russell Company (&#8220;Russell&#8221;) and has been licensed for use by Allianz Life Insurance Company of North America (&#8220;Allianz&#8221;). Allianz
          products are not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies (&#8220;LSEG&#8221;) (together the &#8220;Licensor Parties&#8221;) and none of the Licensor Parties make any claim, prediction, warranty or
          representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the Allianz product is based), (ii) the figure at which the Index is said to stand at any particular time on any
          particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the Allianz product. None of the Licensor Parties have provided or will provide any financial or investment advice or
          recommendation in relation to the Index to Allianz or to its clients. The Index is calculated by Russell or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index
          or (b) under any obligation to advise any person of any error therein.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Nasdaq-100<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The NASDAQ-100 Index<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> based on market capitalization.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Product(s) is not sponsored, endorsed, sold or
          promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the &#8220;Corporations&#8221;). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures
          relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s)
          particularly, or the ability of the Nasdaq-100 Index<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> to track general stock market performance. The Corporations' only relationship to Allianz Life Insurance Company of
          North America (&#8220;Licensee&#8221;) is in the licensing of the NASDAQ<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, and Nasdaq-100 Index<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> registered
          trademarks, and certain trade names of the Corporations and the use of the Nasdaq-100 Index<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> which is determined, composed and calculated by NASDAQ without regard to Licensee
          or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Index<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>. The Corporations are not responsible for and have not participated in the determination of the timing of, prices of, or quantities of the Product(s) to be issued or in the
          determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY
          AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100 INDEX<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY
          LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR
          IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 INDEX<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> OR ANY DATA
          INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH
          DAMAGES.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">EURO STOXX 50<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, Europe's leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the Eurozone. The index covers 50 stocks from 11 Eurozone
          countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. STOXX Limited, Deutsche B&#246;rse Group and their licensors, research partners or data providers have no relationship to Allianz
          Life Insurance Company of North America (&#8220;Allianz&#8221;), other than the licensing of the EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> and the related trademarks for use in connection with Allianz products.<font style="font-weight:bold;">STOXX, Deutsche B&#246;rse Group and their licensors, research partners or data providers do </font><font style="font-weight:bold;text-decoration:underline;">not</font><font style="font-weight:bold;">:</font></div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z04d580bae3074877ab757233b43a50fd" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">sponsor, endorse, sell or promote Allianz products.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">recommend that any person invest in Allianz products or any other securities.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">have any responsibility or liability for or make any decisions about the timing, amount or pricing of Allianz products.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">have any responsibility or liability for the administration, management or marketing of Allianz products.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:16pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix A</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;104&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_9716cfc1-81c7-4cf6-833f-1152669da16c_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zd31a67b49fc64f0bafec7c6d7af06457" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">consider the needs of Allianz products or the owners of Allianz products in determining, composing or calculating the EURO STOXX 50 or have any obligation to do so.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">STOXX, Deutsche B&#246;rse Group and their licensors,
          research partners or data providers give no warranty, and exclude any liability (whether in negligence or otherwise), in connection with the Allianz products or their performance.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">STOXX does not assume any contractual relationship
          with the purchasers of Allianz products or any other third parties.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Specifically,</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="z904a9b007dd7474d9607494b44ef268c" style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">STOXX, Deutsche B&#246;rse Group and their licensors, research partners or data providers do not give any warranty, express or implied, and exclude any liability about:
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The results to be obtained by Allianz products, the owner of Allianz products or any other person in connection with the use of the EURO STOXX 50 and the data included in the EURO STOXX 50;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The accuracy, timeliness, and completeness of the EURO STOXX 50 and its data;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The merchantability and the fitness for a particular purpose or use of the EURO STOXX 50 and its data;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">The performance of Allianz products generally.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.17%;">STOXX, Deutsche B&#246;rse Group and their licensors, research partners or data providers give no warranty and exclude any liability, for any errors, omissions or interruptions in the EURO STOXX 50 or its data;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:2.83%;">&#8226;
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:97.17%;">Under no circumstances will STOXX, Deutsche B&#246;rse Group or their licensors, research partners or data providers be liable (whether in negligence or otherwise) for any lost profits or indirect, punitive,
                  special or consequential damages or losses, arising as a result of such errors, omissions or interruptions in the EURO STOXX 50 or its data or generally in relation to Allianz products, even in circumstances where STOXX, Deutsche B&#246;rse
                  Group or their licensors, research partners or data providers are aware that such loss or damage may occur.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The licensing Agreement between Allianz and STOXX
          is solely for their benefit and not for the benefit of the owners of Allianz products or any other third parties.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: lowercase;">i<font style="text-transform:uppercase;">Shares<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF</font></div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF distributed by BlackRock Investments, LLC. iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, BLACKROCK<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>, and the corresponding logos are registered trademarks of BlackRock, Inc. and its affiliates (&#8220;BlackRock&#8221;) and are used under license. These trademarks have been licensed for
          certain purposes by Allianz Life Insurance Company of North America ("Allianz") and its wholly-owned subsidiaries. Products offered by Allianz or its wholly-owned subsidiaries are not sponsored, endorsed, sold or promoted by BlackRock, and
          purchasers of such products do not acquire any interest in the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes
          no representations or warranties, express or implied, to the owners of any products offered by Allianz or its wholly-owned subsidiaries, or any member of the public regarding the advisability of purchasing a product from Allianz or its
          wholly-owned subsidiaries. BlackRock has no obligation or liability for any errors, omissions, interruptions or use of the iShares MSCI Emerging Markets ETF or any data related thereto, or with the operation, marketing, trading or sale of any
          products or services offered by Allianz and its wholly-owned subsidiaries.</div>
      </div>
      <div type="Block" style="margin-top:193pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix A</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;105&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_dab5d233-5f7c-4a57-9734-62c771a3f6f4_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix B &#8211; Daily Adjustment</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Generally</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">We designed the Daily Adjustment to provide an
          Index Option Value for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy on Business Days other than the Term Start Date or the Term End Date. The Daily Adjustment approximates the Index
          Option Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date. The Daily Adjustment takes into account:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="2" id="zb0436ffd61b2411aaae045668501c07e" style="border-collapse:collapse;empty-cells:show;margin-left:2.02%;margin-top:2pt;width:97.98%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:4.13%;">(i)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:95.87%;">any Index gains during the Term subject to the applicable Precision Rate or Cap,
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:4.13%;">(ii)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:95.87%;">either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:4.13%;">(iii)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.87%;">the number of days until the Term End Date.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Daily Adjustment formula has two primary
          components, (i) the change in Proxy Value and (ii) accumulated proxy interest, which are added together and then multiplied by the Index Option Base. We designed the Daily Adjustment to estimate the present value of positive or negative
          Performance Credit that will be available on the Term End Date taking into account any applicable Buffer, Floor, Precision Rate, and/or Cap. You should note that even if your selected Index(es) experience positive growth, the Daily Adjustments
          may be negative because of other market conditions, such as the expected volatility of Index prices and interest rates. Therefore, the Daily Adjustment could result in a loss beyond the protection of the Buffer or Floor. The Daily Adjustment for
          3-year Term Index Options may be more negatively impacted by changes&#160;in the expected volatility of Index prices than 1-year Term Index Options due the difference in Term length. Also, the risk of a negative Daily Adjustment is greater for 3-year
          Term Index Options than 1-year Term Index Options because the Buffer is exposed to a longer time period. The impact of the Cap and Buffer on the Daily Adjustment for a 1-year Term Index Option is greater than it is for a 3-year Term Index Option
          because we apply the Cap and Buffer for the entire Term length, and the Term length is shorter for a 1-year Term.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Daily Adjustment Formula</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">The formula for the calculation of the Daily
          Adjustment is as follows:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Daily Adjustment = [(a) change in Proxy Value + (b)
          proxy interest] x Index Option Base</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Where:</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z6f18c81722df4d99923792aa788f9653" style="border-collapse:collapse;empty-cells:show;margin-left:2.83%;margin-top:2pt;width:97.17%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">(a)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">change in Proxy Value = (current Proxy Value &#8211; beginning Proxy Value)
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:2.92%;">(b)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:97.08%;">proxy interest = beginning Proxy Value x (1 &#8211; time remaining during the Term)
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Calculating Change in Proxy Value</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">The change in Proxy Value represents the current
          hypothetical value of the Proxy Investment (current Proxy Value), less the cost of the Proxy Investment on the Term Start Date (beginning Proxy Value).</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The current Proxy Value is the Proxy Value
          calculated on the same day as the Daily Adjustment. The beginning Proxy Value is the Proxy Value calculated on the Term Start Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Proxy Value is calculated differently for each
          Crediting Method.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For the <font style="font-style:italic;font-weight:bold;">Index Precision Strategy</font>, the Proxy Value involves tracking two hypothetical derivatives and is calculated using the following formula:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">[Precision Rate x (at-the-money binary call)] &#8211; (out-of-the-money put)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to our Proxy Value formula, we
          designed the at-the-money binary call to value the potential for gains equal to the Precision Rate if on the Term End Date, the Index Value is greater than or equal to the Index Value on the Term Start Date, and the out-of-the-money put to value
          the potential for Index losses greater than the 10% Buffer for the Index Precision Strategy. It is important to note that the out-of-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day
          is higher than the Index Value on the Term Start Date. This is because the risk that the Index Value could be lower on the Term End Date is present to some extent whether or not the current Index price on a Business Day is lower than the Index
          Value on the Term Start Date.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For the <font style="font-style:italic;font-weight:bold;">Index Guard Strategy</font>, the Proxy Value involves tracking four hypothetical derivatives and is calculated using the following formula:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">Proxy Value = (at-the-money
          call) &#8211; (out-of-the-money call) &#8211; (at-the-money put) + (out-of-the-money put)</div>
      </div>
      <div type="Block" style="margin-top:16pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix B</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;106&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_dab5d233-5f7c-4a57-9734-62c771a3f6f4_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to our Proxy Value formula, we
          designed the at-the-money call and out-of-the-money call to value the potential for Index gains up to the Cap and the at-the-money put to value the potential for Index losses, but add back the out-of-money put to mimic the protection of the -10%
          Floor for the Index Guard Strategy. It is important to note that the at-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day is higher than the Index Value on the Term Start Date. It is
          also important to note that the out-of-money put will almost always reduce, and never exceed, the negative impact of the at-the-money put for the Index Guard Strategy.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">For the <font style="font-style:italic;font-weight:bold;">Index Performance Strategy</font>, the Proxy Value involves tracking three hypothetical derivatives and is calculated using the following formula:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 2pt; padding-left: 2.83%; text-align: left; text-decoration: none; text-transform: none;">Proxy Value = (at-the-money
          call) &#8211; (out-of-the-money call) &#8211; (out-of-the-money put)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">With respect to our Proxy Value formula, we
          designed the at-the-money call and out-of-the-money call to value the potential for Index gains up to the Cap, and the out-of-the-money put to value the potential for Index losses greater than the 10% Buffer&#160;for the Index Performance Strategy.
          Similar to the Index Precision Strategy, it is important to note that the out-of-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day is higher than the Index Value on the Term Start
          Date. This is because the risk that the Index Value could be lower on the Term End Date is present to some extent whether or not the current Index price on a Business Day is lower than the Index Value on the Term Start Date. For purposes of the
          Proxy Value formula the value of the out-of-the-money call will be zero if an Index Option is uncapped.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Calculating Proxy Interest</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">The proxy interest is an amount of interest that is
          earned to provide compensation for the cost of the Proxy Investment on the Term Start Date. The proxy interest is approximated by the value of amortizing the cost of the Proxy Investment over the Term to zero. The formula for proxy interest
          involves the calculation of (i) the beginning Proxy Value (the formula for which varies depending on the Crediting Method, as previously discussed) and (ii) the time remaining during a Term. The time remaining during a Term is equal to the number
          of days remaining in the Term divided by the Term length. The Term length is 365 days for a 1-year Term, and it is 1,095 days for a 3-year Term. The proxy interest may be significantly different from current interest rates available on interest
          bearing investments.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Additional Information</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">You can find a more detailed explanation of the
          calculation of the Proxy Value, including examples, in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This Exhibit is incorporated by reference into this prospectus. You can obtain a
          copy of Exhibit 99(b) by calling (800) 624-0197, or visiting our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com</font>.</div>
      </div>
      <div type="Block" style="margin-top:281pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix B</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;107&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;padding-left:25.7334pt;text-align:left;text-decoration:none;text-indent:-25.7334pt; text-transform:uppercase;">Appendix C &#8211; Historical Initial and Renewal DPSCs, Precision Rates, and Caps</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z5b7c7fdf782945c19e7dd94c9203f8b5" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Arial;font-family:Times New Roman;font-size:11pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:13pt;line-height:12pt; padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; The iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF first became available to newly issued Contracts on April 29, 2019, and became available to certain existing Contracts on the first Index
                  Anniversary that occurred on or after August 20, 2019.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194; The Index Performance Strategy
                  3-year Term Index Options first became available to newly issued Contracts on May 1, 2020, and became available to certain existing Contracts on the first Index Anniversary that occurred on or after November 23, 2020.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194; For more information, please see Appendix G.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">This information regarding the initial and renewal
          DPSCs, Precision Rates, and Caps is for historical purposes only; it is not a representation as to future DPSCs, Precision Rates, and Caps. DPSCs, Precision Rates, and Caps may change frequently, and may vary substantially based on market
          conditions.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Protection Strategy</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z246e8084d1164ae48ef4ce14bfae644b" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index was the only Index available with the Index Protection Strategy prior
                  to May 1, 2018. The Index Protection Strategy with the Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index, Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                  and EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> first became available to newly issued Contracts on May 1, 2018, and became available to existing Contracts on the first Index Anniversary that
                  occurred on or after June 4, 2018. For more information, please see Appendix G.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Following are the highest and lowest initial and
          renewal DPSCs offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued) through January 3, 2022.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 5/23/2017 &#8211; 1/2/2018</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z195a5286c19e47b0aba38cad59318be8" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">DPSCs
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.50%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">4th Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.20%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/3/2018 &#8211; 1/1/2019</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z97b05df129844f808ea85c82c154df18" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">DPSCs
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial DPSCs<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">1.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal DPSCs<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.30%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.10%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.10%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z7e3f5e007ff6455bad7f759bd516c572" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial DPSCs for the Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index, Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index and EURO STOXX
                  50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> are for a partial period of June 4, 2018 through January 1, 2019.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">2
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 1st Anniversary Renewal DPSCs for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/2/2019 &#8211; 1/6/2020</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zf55aee4225ae41aca7c50b4d749a78c8" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">DPSCs
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial DPSCs<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">5.20%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">5.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">4.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">4.80%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z37586975c7014576a5be86b0ac0338d0" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial DPSCs for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:28pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;108&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Protection Strategy<font style="text-transform:none;">
            (continued)<br>
          </font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/7/2020 &#8211; 1/4/2021</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z77574ad5903b455f932b96b83e743844" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">DPSCs
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">1.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">1.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">3.30%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/5/2021 &#8211; 1/3/2022</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z66bebf3fd50c42b1a8e3531b22ab6e41" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">DPSCs
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial DPSCs
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">1.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">1.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">1.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">2.30%
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:513pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;109&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Precision Strategy</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z8785aa9664334377bdba29b225a5d1e2" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Index Precision Strategy first became available to newly issued Contracts on November 14, 2017, and became available to existing Contracts on the first Index
                  Anniversary that occurred on or after January 15, 2018. For more information, please see Appendix G.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Following are the highest and lowest initial and
          renewal Precision Rates offered for Index Effective Date periods occurring within each calendar year during November 14, 2017 (the date the Index Precision Strategy was first available) through January 3, 2022. The Buffer was 10.00% for each
          Index.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 5/23/2017 &#8211; 1/2/2018</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z086d48fe12604315b38e9d97948508a2" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.59%;">Precision Rates
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Precision Rates<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.70%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">9.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">13.30%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">4th Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">10.20%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="ze4c57f5c6a7649a6b5fbc9a89e21bc8a" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial Precision Rates are for a partial period from November 14, 2017 through January 2, 2018.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/3/2018 &#8211; 1/1/2019</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zd5602eb963534bf29882ebc61ac3d9a7" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.59%;">Precision Rates
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.15%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.35%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Precision Rates<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">10.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">12.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">10.40%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="ze9c7c32a6ee44942928e17dd256f410a" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 1st Anniversary Renewal Precision Rates for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1,
                  2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/2/2019 &#8211; 1/6/2020</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="za0ed44e38e5347dd90d6222db46f8345" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.59%;">Precision Rates
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Precision Rates<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">10.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">12.20%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.60%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z9cd03ed7decf41b08b5a03725b5b69b4" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial Precision Rates for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/7/2020 &#8211; 1/4/2021</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z78a42a4c6e79455ea6c38092a48f03af" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.59%;">Precision Rates
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.90%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.10%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">12.20%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.60%
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:34pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;110&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_4">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Precision Strategy<font style="text-transform:none;">
            (continued)<br>
          </font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/5/2021 &#8211; 1/3/2022</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z0d6a798411f04561a56969331fbf77ad" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.59%;">Precision Rates
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Precision Rates
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.70%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.40%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.80%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.20%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.60%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.30%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.60%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Guard Strategy</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued) through January 3, 2022. The Floor was -10.00% for each Index.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 5/23/2017 &#8211; 1/2/2018</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z74f1e2dc43174a7880cc311e0c4f6a5c" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">11.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">11.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">4th Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">11.50%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/3/2018 &#8211; 1/1/2019</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z5adcfde894cb42208e462ea7abf7e371" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">10.75%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.50%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.75%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z5b7837169d41460786344a1cd54f7f65" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 1st Anniversary Renewal Caps for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/2/2019 &#8211; 1/6/2020</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4798436eef8b494a81be9c216b831145" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">11.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">8.50%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="za7c84226a0314cc5b2012abff49cb947" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial Caps for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/7/2020 &#8211; 1/4/2021</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z7b47d1e1c118415c8370703894c105c2" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">9.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">8.50%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/5/2021 &#8211; 1/3/2022</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="ze51f263928b64516b09cbcb1bf3cca49" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">8.50%
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:53pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;111&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_5">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Performance Strategy 1-year Term</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued), through January 3, 2022. The Buffer was 10.00% for each Index.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 5/23/2017 &#8211; 1/2/2018</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z5fc485f62aca402285d01079edd16fff" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">20.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">13.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">17.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">20.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">20.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">20.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">4th Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">17.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/3/2018 &#8211; 1/1/2019</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z0afe556a8d90488b8ea241691f9c5927" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">20.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">NA
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">NA
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">18.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">3rd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">10.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">17.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z0acb90ed97344ebfbed442877ba709aa" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 1st Anniversary Renewal Caps for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/2/2019 &#8211; 1/6/2020</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z2b5fb48f7fe340479c69658f5d93c9d6" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">17.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">20.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">17.75%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z43f9fa43e3d144b5aa6107ff7299c5b2" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial Caps for the iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/7/2020 &#8211; 1/4/2021</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4f916d00c6924bc5a8168e75c980f241" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">19.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">18.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">17.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 9pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/5/2021 &#8211; 1/3/2022</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z3a199d1ec84c43e48f7f7ee8b53c8502" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.61%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.51%;">EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.52%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.59%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.85%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:5.75%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.76%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:20.59%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.85%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">13.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">12.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">16.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">15.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.50%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">14.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:5.75%;">11.25%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:7.76%;">14.75%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Performance Strategy 3-year Term</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z98d5ee2aa812444ab548569a4cfee83c" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Index Performance Strategy 3-year Term Index Options first became available to newly issued Contracts on May 1, 2020, and became available to certain existing
                  Contracts on the first Index Anniversary that occurred on or after November 23, 2020. For more information, please see Appendix G.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring during May 1, 2020 (the date Index Performance Strategy 3-year Term was first available), through January 3, 2022. The Buffer was 10% for each Index.</div>
      </div>
      <div type="Block" style="margin-top:28pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;112&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_a5e52434-04ed-41d5-9166-068e907c8ae5_6">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Performance Strategy 3-year Term<font style="text-transform:none;"> (continued)<br>
          </font></div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 5/23/2017 &#8211; 1/2/2018</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zba6ba954242646619d709f7d62add192" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:61.84%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:29.51%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.34%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.84%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">3rd Anniversary Renewal Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">45.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">4th Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">55.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">50.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="za8e76c069d434c27976e2c0d9d561503" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 3rd Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 2, 2021.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/3/2018 &#8211; 1/1/2019</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z2e96f5e315994a9390bf486ba3a9e86c" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:61.84%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:29.51%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.34%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.84%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">2nd Anniversary Renewal Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">45.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">3rd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">45.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z8eba31bf24a64767bd41637e89588dd6" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 2nd Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 1, 2021.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/2/2019 &#8211; 1/6/2020</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z3f2a8c8aff77489f9aa79baae82f7c6d" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:61.84%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:29.51%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.34%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.84%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">1st Anniversary Renewal Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">45.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">2nd Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">40.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z7618735a2c2945d690d2264448e958ea" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The 1st Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 6, 2021.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/7/2020 &#8211; 1/4/2021</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zc106e2b0278c4a50bfd910be070066e4" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:61.84%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:29.51%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.34%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.84%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">Initial Caps<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">50.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">55.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">55.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.25pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">1st Anniversary Renewal Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">45.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:1.25pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:1.25pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">40.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z2e5e6593f5d948e18c43359b73d58a6f" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">1
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The initial Caps are for a partial period of May 1, 2020 through January 6, 2021.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Index Effective Dates: 1/5/2021 &#8211; 1/3/2022</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z53c36f8d57e04b0ca7906a73b245feda" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:0pt;width:61.84%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Indexes:
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:right;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:29.51%;">S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:4pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:31.34%;">Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:34.33%;">Caps
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.84%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Highest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:2.5pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:13.67%;">Lowest
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:6.5pt;padding-right:4pt; padding-top:2pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Highest
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:34.33%;">Initial Caps
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.84%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">100.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:2.5pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:13.67%;">30.00%
                </td>
                <td style="line-height:0pt;padding-right:2.5pt;padding-top:2pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2.5pt;padding-right:4pt;padding-top:2pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:15.67%;">40.00%
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:264pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix C</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;113&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix D &#8211; Historical Index Option Performance
          Information</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z17dd30008a5f46849078a67b00d60634" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Index Performance Strategy 3-year Term using the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index was not available
                  before May 1, 2020. Therefore, no performance for this Index Option will be included here until after May 1, 2023. For more information, please see Appendix G.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">The following historical information, based on
          historical Buffers, Floors, DPSCs, Precision Rates, and Caps, show how actual movements in the external Index Returns impacted actual Credits. They show the lowest and highest actual annual Index Returns for each time period, and the
          corresponding Credits received for these Index Returns. No single Crediting Method or Index Option consistently delivers the most return under all market conditions. Past performance does not guaranteed future results. This historical information
          shows the returns for Contracts with Index Effective Date periods occurring within the first year that each Crediting Method was available using the S&amp;P 500<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Protection Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zb4707adc38bd42e2bb6da3b507ccd971" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">5/23/2017-<br>
                  6/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">6/6/2017-<br>
                  7/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/5/2017-<br>
                  7/16/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/17/2017-<br>
                  7/31/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">8/1/2017-<br>
                  9/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">9/6/2017-<br>
                  10/2/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">10/3/2017-<br>
                  11/6/2017
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">1.50%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">10.12% to<br>
                  15.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.29% to<br>
                  14.71%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">12.50% to<br>
                  15.09%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.28% to<br>
                  14.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.61% to<br>
                  18.57%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.54% to<br>
                  17.16%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">2.33% to<br>
                  15.42%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">1.50%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.09% to<br>
                  12.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">2.57% to<br>
                  10.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.89% to<br>
                  9.27%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">5.54% to<br>
                  7.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.63% to<br>
                  4.98%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-1.23% to<br>
                  4.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-0.51% to<br>
                  15.08%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  2.05%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  3.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0% or<br>
                  2.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-3.49% to<br>
                  13.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">3.27% to<br>
                  13.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">4.68% to<br>
                  6.85%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.49% to<br>
                  9.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.55% to<br>
                  21.47%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.12% to<br>
                  15.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">7.54% to<br>
                  20.29%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.20%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">32.33% to<br>
                  47.49%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.76% to<br>
                  42.59%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">36.60% to<br>
                  38.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.96% to<br>
                  37.53%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.28% to<br>
                  34.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.43% to<br>
                  35.48%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">23.10% to<br>
                  39.89%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.40%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">3.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.20%
                </td>
              </tr>

          </table>
        </div>
        <div style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:center;text-decoration:none;text-transform:none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zf27c41cbb38d4af8a1cc6cecf41f86d9" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">11/7/2017-<br>
                  12/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">12/5/2017-<br>
                  1/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">1/3/2018-<br>
                  2/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">2/6/2018-<br>
                  3/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">3/6/2018-<br>
                  4/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">4/3/2018-<br>
                  4/30/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">5/1/2018-<br>
                  6/4/2018
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.80%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.85%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.90%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.05%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  8.62%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-12.38% to<br>
                  2.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-9.77% to<br>
                  3.35%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.12% to<br>
                  11.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">7.17% to<br>
                  11.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  12.01%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  1.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  1.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.80%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  1.85%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">1.90%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.05%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.64% to<br>
                  19.03%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.46% to<br>
                  37.13%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">19.23% to<br>
                  32.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  23.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-21.63% to<br>
                  7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-13.39% to<br>
                  -0.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-3.49% to<br>
                  11.34%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">0%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0% or<br>
                  2.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.40%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.17% to<br>
                  18.84%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.59% to<br>
                  18.43%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.17% to<br>
                  18.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.92% to<br>
                  32.08%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.56% to<br>
                  76.12%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">44.83% to<br>
                  63.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">35.91% to<br>
                  48.11%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.40%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">2.40%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal DPSC
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.22% to<br>
                  32.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.15% to<br>
                  29.61%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">2.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Precision Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z461db8e388e142e183fc3c380316c543" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Index Precision Strategy was not available before November 14, 2017. The Buffer was 10% for all time periods. For Index Anniversaries with a range of Credits,
                  any positive Credit cannot be less than the stated positive number.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:24pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix D</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;114&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z646eedafcc694866a300bb17bbecc853" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">11/14/2017-<br>
                  12/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">12/5/2017-<br>
                  1/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">1/3/2018-<br>
                  2/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">2/6/2018-<br>
                  3/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">3/6/2018-<br>
                  4/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">4/3/2018-<br>
                  4/30/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">5/1/2018-<br>
                  6/4/2018
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.90%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  8.62%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-12.38% to<br>
                  2.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-9.77% to<br>
                  3.35%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.12% to<br>
                  11.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">7.17% to<br>
                  11.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  12.01%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-2.38% to<br>
                  5.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  5.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">5.15%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% or<br>
                  6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.40%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.90%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.90%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">6.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.64% to<br>
                  19.03%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.46% to<br>
                  37.13%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">19.23% to<br>
                  32.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  23.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-21.63% to<br>
                  7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-13.39% to<br>
                  -0.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-3.49% to<br>
                  11.34%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.40%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-11.63% to<br>
                  6.90%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-3.39% to<br>
                  0.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0% or<br>
                  6.10%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">9.80%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.17% to<br>
                  18.84%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.59% to<br>
                  18.43%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.17% to<br>
                  18.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.92% to<br>
                  32.08%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.56% to<br>
                  76.12%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">44.83% to<br>
                  63.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">35.91% to<br>
                  48.11%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.70%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">9.80%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">11.60%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.22% to<br>
                  32.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.15% to<br>
                  29.61%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">11.60%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:center;text-decoration:none;text-transform:none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zdb58229868c24500a25b72037dd444b6" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:90.09%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:25.64%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.95%;">6/5/2018-<br>
                  7/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.95%;">7/3/2018-<br>
                  8/6/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.95%;">8/7/2018-<br>
                  9/4/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.95%;">9/5/2018-<br>
                  10/1/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.95%;">10/2/2018-<br>
                  11/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.95%;">11/6/2018-<br>
                  12/3/2018
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">Initial Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.60%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.10%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">7.10%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">2.57% to<br>
                  9.03%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">0.15% to<br>
                  10.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">-0.95% to<br>
                  3.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">0.54% to<br>
                  4.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">-1.23% to<br>
                  14.32%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:11.95%;">9.64% to<br>
                  19.03%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:25.64%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.60%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.95%;">0% or<br>
                  6.10%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:9.95%;">0% or<br>
                  6.70%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">7.10%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">1st Anniversary Renewal Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">7.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">5.90%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">7.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">8.30%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">8.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">3.27% to<br>
                  13.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">4.48% to<br>
                  16.22%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">14.38% to<br>
                  21.47%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">9.12% to<br>
                  15.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">7.54% to<br>
                  20.29%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:11.95%;">14.06% to<br>
                  18.54%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:25.64%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">6.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">7.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">5.90%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">7.70%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">8.30%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">8.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">2nd Anniversary Renewal Precision Rate
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">9.90%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">10.90%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">11.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">10.70%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">11.20%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">11.30%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:25.64%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">30.76% to<br>
                  42.59%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">30.96% to<br>
                  39.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">29.10% to<br>
                  32.82%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">28.88% to<br>
                  37.24%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:9.95%;">23.10% to<br>
                  39.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:11.95%;">23.77% to<br>
                  33.97%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:25.64%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">9.90%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">10.90%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">11.70%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">10.70%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.95%;">11.20%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.95%;">11.30%
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Guard Strategy with the S&amp;P 500<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z63c1932d74244abc94c37a4ee06c6fa2" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Floor was -10% for all time periods
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:206pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix D</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;115&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="zcffebfc58b8a4d4c98a7a4ada78ee92b" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">5/23/2017-<br>
                  6/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">6/6/2017-<br>
                  7/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/5/2017-<br>
                  7/16/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/17/2017-<br>
                  7/31/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">8/1/2017-<br>
                  9/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">9/6/2017-<br>
                  10/2/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">10/3/2017-<br>
                  11/6/2017
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">6.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">10.12% to<br>
                  15.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.29% to<br>
                  14.71%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">12.50% to<br>
                  15.09%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.28% to<br>
                  14.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.61% to<br>
                  18.57%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.54% to<br>
                  17.16%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">2.33% to<br>
                  15.42%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">2.33% to<br>
                  6.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">6.75%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.09% to<br>
                  12.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">2.57% to<br>
                  10.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.89% to<br>
                  9.27%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">5.54% to<br>
                  7.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.63% to<br>
                  4.98%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-1.23% to<br>
                  4.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-0.51% to<br>
                  15.08%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-0.09% to<br>
                  7.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">2.57% to<br>
                  7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.89% to<br>
                  7.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">5.54% to<br>
                  7.79%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-0.63% to<br>
                  4.98%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-1.23% to<br>
                  4.18%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">-0.51% to<br>
                  6.75%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">8.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-3.49% to<br>
                  13.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">3.27% to<br>
                  13.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">4.68% to<br>
                  6.85%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.49% to<br>
                  9.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.55% to<br>
                  21.47%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.12% to<br>
                  15.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">7.54% to<br>
                  20.29%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-3.49% to<br>
                  7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">3.27% to<br>
                  7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">4.68% to<br>
                  6.85%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.49% to<br>
                  9.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">7.54% to<br>
                  8.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">32.33% to<br>
                  47.49%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.76% to<br>
                  42.59%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">36.60% to<br>
                  38.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.96% to<br>
                  37.53%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.28% to<br>
                  34.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.43% to<br>
                  35.48%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">23.10% to<br>
                  39.89%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.25%
                </td>
              </tr>

          </table>
        </div>
        <div style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:center;text-decoration:none;text-transform:none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z640b88ca6c2a4adb9d291949091cd382" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">11/7/2017-<br>
                  12/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">12/5/2017-<br>
                  1/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">1/3/2018-<br>
                  2/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">2/6/2018-<br>
                  3/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">3/6/2018-<br>
                  4/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">4/3/2018-<br>
                  4/30/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">5/1/2018-<br>
                  6/4/2018
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  8.62%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-12.38% to<br>
                  2.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-9.77% to<br>
                  3.35%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.12% to<br>
                  11.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">7.17% to<br>
                  11.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  12.01%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-10.00% to<br>
                  2.68%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-9.77% to<br>
                  3.35%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-0.12% to<br>
                  6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  7.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.64% to<br>
                  19.03%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.46% to<br>
                  37.13%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">19.23% to<br>
                  32.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  23.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-21.63% to<br>
                  7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-13.39% to<br>
                  -0.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-3.49% to<br>
                  11.34%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  8.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-10.00% to<br>
                  7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-10.00% to<br>
                  -0.89%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">-3.49% to<br>
                  7.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">8.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.17% to<br>
                  18.84%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.59% to<br>
                  18.43%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.17% to<br>
                  18.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.92% to<br>
                  32.08%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.56% to<br>
                  76.12%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">44.83% to<br>
                  63.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">35.91% to<br>
                  48.11%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">8.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.22% to<br>
                  32.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.15% to<br>
                  29.61%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Index Performance Strategy 1-year Term with the
          S&amp;P 500<sup style="font-style: Normal; text-transform: uppercase; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zd1362392651e4109b4166708b57363d8" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">The Buffer was 10% for all time periods.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:196pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix D</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;116&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_b82d5789-e139-4cdd-8a73-01c6003e3da2_4">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z4d9708c89535468281ddb8cb1d6fc04e" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">5/23/2017-<br>
                  6/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">6/6/2017-<br>
                  7/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/5/2017-<br>
                  7/16/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">7/17/2017-<br>
                  7/31/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">8/1/2017-<br>
                  9/5/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">9/6/2017-<br>
                  10/2/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">10/3/2017-<br>
                  11/6/2017
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">10.12% to<br>
                  15.40%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.29% to<br>
                  14.71%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">12.50% to<br>
                  15.09%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.28% to<br>
                  14.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.61% to<br>
                  18.57%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.54% to<br>
                  17.16%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">2.33% to<br>
                  15.42%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">2.33% to<br>
                  7.00%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.09% to<br>
                  12.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">2.57% to<br>
                  10.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.89% to<br>
                  9.27%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">5.54% to<br>
                  7.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.63% to<br>
                  4.98%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-1.23% to<br>
                  4.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-0.51% to<br>
                  15.08%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  10.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">2.57% to<br>
                  10.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.89% to<br>
                  8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">5.54% to<br>
                  7.79%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  4.98%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  4.18%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0% to<br>
                  7.25%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">9.50%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-3.49% to<br>
                  13.01%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">3.27% to<br>
                  13.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">4.68% to<br>
                  6.85%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.49% to<br>
                  9.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">11.55% to<br>
                  21.47%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.12% to<br>
                  15.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">7.54% to<br>
                  20.29%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  7.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">3.27% to<br>
                  8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">4.68% to<br>
                  6.85%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.49% to<br>
                  9.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">7.54% to<br>
                  9.50%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">11.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">12.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">14.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">16.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">17.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">14.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">14.00%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">32.33% to<br>
                  47.49%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.76% to<br>
                  42.59%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">36.60% to<br>
                  38.96%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">30.96% to<br>
                  37.53%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.28% to<br>
                  34.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.43% to<br>
                  35.48%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">23.10% to<br>
                  39.89%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">11.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">12.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">14.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">16.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">17.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">14.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">14.00%
                </td>
              </tr>

          </table>
        </div>
        <div style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:center;text-decoration:none;text-transform:none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z30bea2ab0d154a758c66fdc768baacb9" style="border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:center;width:22.99%;">Index Effective Date
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">11/7/2017-<br>
                  12/4/2017
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">12/5/2017-<br>
                  1/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">1/3/2018-<br>
                  2/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">2/6/2018-<br>
                  3/5/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">3/6/2018-<br>
                  4/2/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:3pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">4/3/2018-<br>
                  4/30/2018
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:9pt;padding-bottom:2.5pt;padding-left:7pt;padding-right:4pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.74%;">5/1/2018-<br>
                  6/4/2018
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">Initial Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">6.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">10.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  8.62%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-12.38% to<br>
                  2.68%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-9.77% to<br>
                  3.35%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-0.12% to<br>
                  11.05%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">7.17% to<br>
                  11.18%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  12.01%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">1st Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">1.37% to<br>
                  7.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-2.38% to<br>
                  2.68%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  3.35%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0.51% to<br>
                  4.92%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">0% to<br>
                  8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">7.17% to<br>
                  8.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0.36% to<br>
                  10.25%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">1st Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">7.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">7.50%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">9.64% to<br>
                  19.03%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">15.46% to<br>
                  37.13%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">19.23% to<br>
                  32.15%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  23.79%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-21.63% to<br>
                  7.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">-13.39% to<br>
                  -0.89%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">-3.49% to<br>
                  11.34%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">2nd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">6.10% to<br>
                  9.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-11.63% to<br>
                  7.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:8.74%;">-3.39% to<br>
                  0.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;width:10.74%;">0% to<br>
                  7.50%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">2nd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">11.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.17% to<br>
                  18.84%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.59% to<br>
                  18.43%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">13.17% to<br>
                  18.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">14.92% to<br>
                  32.08%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">28.56% to<br>
                  76.12%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">44.83% to<br>
                  63.86%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:4pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:10.74%;">35.91% to<br>
                  48.11%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">3rd Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">9.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.75%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">8.25%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">10.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:4pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.74%;">11.75%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1.75pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">3rd Anniversary Renewal Cap
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">15.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1.75pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">13.50%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1.75pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:3pt;padding-top:1pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:22.99%;">4th Index Year Index Return
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.22% to<br>
                  32.42%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:3pt;padding-right:3pt;padding-top:1pt;text-align:center;text-decoration:none; text-transform:none;vertical-align:top;width:8.74%;">23.15% to<br>
                  29.61%
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="line-height:0pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:4pt;padding-right:3pt;padding-top:1pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:22.99%;">4th Index Anniversary Credit
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:left;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">15.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:2.5pt;padding-left:3pt;padding-right:3pt;padding-top:1pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:8.74%;">13.50%
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:8.74%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:3pt;padding-top:1pt;text-align:center;vertical-align:top;width:2.01%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:4pt;padding-top:1pt;text-align:center;vertical-align:top;width:10.74%;">&#160;
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:236pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix D</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;117&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_123a5204-70e5-4d6f-87c2-d9635b335909_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix E &#8211; Rider Fee Calculation Example</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: bold; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">Please note that this example may differ from your
          actual results due to rounding.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">You purchase a Contract with the Maximum
          Anniversary Value Death Benefit. On the Quarterly Contract Anniversary your annual rider fee is 0.20% and your Contract Value and Charge Base are $100,000. This Contract Value includes any Variable Option gains or losses and any Daily Adjustments
          or Credits on the Index Options. During the quarter you make no additional Purchase Payments and take no withdrawals. We calculate the daily rider fee amount for this quarter as follows:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(the Charge Base) x (annual rider fee &#247; 365) = daily
          rider fee amount, or:<font style="font-weight:Normal;"> </font>$100,000 x (0.20% &#247; 365) = $0.55</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If there are 89 days in the current quarter (which
          includes the next Quarterly Contract Anniversary), then the total quarterly rider fee is:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(number of days in the current quarter) x (daily
          rider fee amount), or: 89 x $0.55 = $48.77</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On the next Quarterly Contract Anniversary we would
          deduct $48.77 from the Contract Value. We first account for any gains/losses on the Variable Options and add any Daily Adjustments or Credits to the Index Option Values, then process any additional Purchase Payments, withdrawals you take, and
          deductions we make for the total quarterly rider fee. We then set the Charge Base equal to this new Contract Value. If the Contract Value at the end of the day on the Quarterly Contract Anniversary after all processing is $101,250 we would begin
          computing the daily rider fee for the next quarter on the next day as:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(the Charge Base) x (annual rider fee &#247; 365) = daily
          rider fee amount, or: $101,250 x (0.20% &#247; 365) = $0.55</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you make an additional Purchase Payment of
          $15,000 on the 43rd day of the next quarter, your Charge Base would increase by the dollar amount of the payment to $116,250 ($101,250 + $15,000). We would then use this new Charge Base to begin computing the daily rider fee for the remainder of
          the quarter on the next day as:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(the Charge Base) x (annual rider fee &#247; 365) = daily
          rider fee amount, or: $116,250 x (0.20% &#247; 365) = $0.64</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If there are 92 days in the current quarter (which
          includes the next Quarterly Contract Anniversary), then the total quarterly rider fee is:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(number of days in the current quarter) x (daily
          rider fee amount), or:</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">(43 x $0.55) + (49 x $0.64) = $23.86 + $31.21 =
          $55.07</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">On the next Quarterly Contract Anniversary we would
          deduct $55.07 from the Contract Value after we account for any gains/losses on the Variable Option and add any Daily Adjustments or Credits to the Index Option Values. We would then process any additional Purchase Payments, withdrawals you take,
          and deductions we make for the total quarterly rider fee and set the Charge Base equal to this new Contract Value and begin computing the daily rider fee for the next quarter on the next day.</div>
      </div>
      <div type="Block" style="margin-top:216pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;margin-top:14pt;text-align:center;text-decoration:none;text-transform:none;">&#160;118&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_91d58794-ccfb-4f0e-9a28-7e8f08d39316_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix F &#8211; Alternate Minimum Value</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z3e81681df21949c1af80ace79208e5c4" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">The Alternate Minimum Value continues to be available to Contracts issued in Pennsylvania. For all other states, the Alternate Minimum Value became unavailable to Contracts:
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%;">&#8226;&#8194;
                  issued in California, Hawaii, Indiana, Montana, Nebraska, and Rhode Island on or after January 27, 2020; and
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;color:#000000;font-family:Times New Roman;font-family:Times New Roman;font-size:10pt;font-size:10pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt; line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;width:100%; ">&#8226;&#8194;issued in all other states on or after November 18, 2019.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">For Contracts with the Alternate Minimum Value, if
          you take a withdrawal, annuitize the Contract, transfer out of an Index Option to a Variable Option, or if we pay a death benefit, each Index Option Value for each Crediting Method also includes any increase from its guaranteed minimum <font style="font-weight:bold;">(Alternate Minimum Value)</font>. If you receive no Credits, or only modest Credits, over many years, the Alternate Minimum Value may be higher than the Index Option Value. However, we expect that an Alternate Minimum
          Value generally will not be greater than its Index Option Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you take a full withdrawal, annuitize the
          Contract, or if we pay a death benefit, we compare each Index Option Value to its Alternate Minimum Value and we increase your Index Option Value to equal the Alternate Minimum Value if it is greater. If you take a partial withdrawal, or transfer
          Index Option Value to a Variable Option, we compare the percentage of Index Option Value withdrawn (including any applicable withdrawal charge) with an equivalent percentage of its Alternate Minimum Value.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Alternate Minimum Value for each of your
          selected Index Options is generally equal to 87.5% of the Index Option Base determined on the Term Start Date as adjusted for withdrawals and withdrawal charges taken during the current Term, plus Accumulated Alternate Interest and the Daily
          Adjustment (if applicable). <font style="font-style:italic;font-weight:bold;">However, for Contracts issued in Pennsylvania on or after February 24, 2020, the Alternate Minimum Value does </font><font style="font-style:italic;font-weight:bold;text-decoration:underline;">not</font><font style="font-style:italic;font-weight:bold;"> accrue Accumulated Alternate Interest for Index Options available with the Index Precision Strategy, Index Guard
            Strategy, or Index Performance Strategy.</font> <font style="font-weight:bold;">Accumulated Alternate Interest</font> is the sum of alternate interest earned for the entire time you own your Contract. For each Index Year the alternate interest
          is equal to either 70% or 87.5% of the Index Option Base multiplied by the alternate interest rate stated in your Contract.</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="za2f7c9ec9e2e4d85acf081b1a43da241" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:98.58%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:49.38%;">We use 70% if your Contract was issued in<font style="font-weight:Normal;"> &#8230;.</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2pt;padding-left:6pt;padding-right:6pt;padding-top:3pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:50.62%;">We use 87.5% if your Contract was issued in <font style="font-weight:Normal;">&#8230;.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:49.38%;">&#8226;&#8194;Pennsylvania from April 29, 2019 to February 21, 2020,<br>
                  &#8226;&#8194;California and Montana on or after July 22, 2019<br>
                  &#8226;&#8194;New Hampshire on or after June 24, 2019<br>
                  &#8226;&#8194;any other state on or after April 29, 2019
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:13pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:50.62%;">&#8226;&#8194; Pennsylvania before April 29, 2019, or on or after February 24, 2020,<br>
                  &#8226;&#8194;California and Montana before July 22, 2019<br>
                  &#8226;&#8194;New Hampshire before June 24, 2019<br>
                  &#8226;&#8194;any other state before April 29, 2019
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">We add interest to the Accumulated Alternate
          Interest daily. You can find more information about the Alternate Minimum Value at Exhibit 99(a) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This information is incorporated by reference into
          this prospectus. You can obtain a copy of Exhibit 99(a) by calling (800) 624-0197, or visiting our website at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com</font>.</div>
      </div>
      <div type="Block" style="margin-top:214pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix F</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;119&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix G &#8211; Material Contract Variations by State and
          Issue Date</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">Your Contract is subject to the law of the state in
          which it is issued. Some of the features of your Contract may differ from the features of a Contract issued in another state because of state-specific legal requirements. In addition, not all features and benefits are approved in all states. All
          material state variations in the Contract are disclosed in this Appendix. If you would like more information regarding state specific Contract provisions, you should contact your Financial Professional or contact our Service Center at the
          toll-free telephone number listed at the back of this prospectus.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Crediting Method and/or Index Option Availability
          Restrictions</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zd94b38fc18bc41ffa2b5a573bbc0aa84" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:93.93%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt;padding-top:4pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:48.65%;">Crediting Method / Index Options
                </td>
                <td style="line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:4pt;text-align:center;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.5pt;padding-left:6pt;padding-top:4pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:51.94%;">Availability Restrictions:
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.65%;">Index Protection Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:14pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:51.94%;">&#8211;&#8194;Not available to Contracts issued in Washington or Missouri on or before November 15, 2019
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.65%;">Index Protection Strategy with the Russell 2000<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index,
                  Nasdaq-100<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index, and EURO STOXX 50<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:14pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:51.94%;">&#8211;&#8194;These first became available to newly issued Contracts on May&#160;1, 2018, and to inforce Contracts on the first Index Anniversary
                  that occurred on or after June 4, 2018.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.65%;">Index Precision Strategy
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:14pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:51.94%;">&#8211;&#8194;This first became available to newly issued Contracts on November&#160;14, 2017, and to inforce Contracts on the first Index
                  Anniversary that occurred on or after January 15, 2018.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.65%;">iShares<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MSCI Emerging Markets ETF with the Index
                  Protection Strategy, Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy 1-year Term
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:14pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:51.94%;">&#8211;&#8194;For Contracts issued in California and Montana, these first became available to newly issued Contracts on July&#160;22,&#160;2019.<br>
                  &#8211;&#8194;For Contracts issued in New Hampshire, these first became available to newly issued Contracts on June 24, 2019.<br>
                  &#8211;&#8194;For Contracts issued in all other states, these first became available to newly issued Contracts on April 29, 2019.<br>
                  &#8211;&#8194;For Contracts issued before April 29, 2019, these first became available on the first Index Anniversary that occurred on or after June 3, 2019.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:6pt; padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:48.65%;">Index Performance Strategy 3-year Term
                </td>
                <td style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:2.5pt;padding-right:6pt;padding-top:1.75pt;text-align:left;vertical-align:top;width:2.00%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:14pt;padding-top:1.75pt; text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:top;width:51.94%;">&#8211;&#8194;For Contracts issued in Virginia, these first became available to newly issued Contracts on May 19, 2020.<br>
                  &#8211;&#8194;For Contracts issued in Montana, these first became available to newly issued Contracts on June 23, 2020.<br>
                  &#8211;&#8194;For Contracts issued in Pennsylvania, these first became available to newly issued Contracts on July 21, 2020.<br>
                  &#8211;&#8194;For Contracts issued in all other states, it first became available to newly issued Contracts on May 1, 2020.<br>
                  &#8211;&#8194;For Contracts issued in New Hampshire these first became available to newly issued Contracts on June 21, 2021, and became available to inforce Contracts on the first Index Anniversary that occurred on or after June 21, 2021.<br>
                  &#8211;&#8194;For Contracts issued before May 1, 2020, in all other states these first became available on the first Index Anniversary that occurred on or after November 23, 2020.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If a Crediting Method or Index Option<font style="font-weight:Normal;"> </font>is not available, you cannot allocate to it unless we make it available to you on a future Index Anniversary.<font style="font-weight:Normal;"> Certain Crediting Methods and/or Index Options also may not be
            available from all selling firms or from all Financial Professionals. Please consult with your Financial Professional for more information.</font></div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z55d6938a78a7498dbd8e074419724328" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">CONTRACTS WITHOUT THE INDEX PROTECTION STRATEGY:<font style="font-style:Normal;font-weight:Normal;"> If in future years the renewal Cap and Precision Rates are not
                    acceptable to you, you will not be able to transfer into the Index Protection Strategy and take advantage of its principal protection. This would subject you to ongoing market risk and you could lose principal and previous earnings.</font>
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 12pt; text-align: left; text-decoration: none; text-transform: uppercase;">Death Benefit Availability Restrictions</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Maximum Anniversary Value Death Benefit was not
          available to Contracts issued before May 1, 2018.</div>
      </div>
      <div type="Block" style="margin-top:34pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix G</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;120&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_2">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Other Material State Contract Variations</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z0816a662408b410fbc313d40557e395a" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.05%;">ISSUE STATE
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.88%;">FEATURE AND BENEFITS
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:59.06%;">VARIATION
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">California
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Free Look/Right to Examine Period<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">For Owners age 60 or older (or Annuitants age 60 or older for non-individually owned Contracts), we are required to allocate your initial Purchase Payment to the
                  AZL Government Money Market Fund during the 30 day free look period unless you specify otherwise on the appropriate form. If you want to immediately apply your Purchase Payment to the Index Options or other Variable Options you must opt
                  out of this allocation. If you do not opt out of this allocation to the AZL Government Money Market Fund your Index Effective Date cannot occur until the free look period has ended.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Connecticut
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We can only restrict assignments to settlement companies and institutional investors as described in your Contract<font style="font-weight:Normal;">.<br>
                    &#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the
                    Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Delaware
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Our Unregistered Separate Account<br>
                  <font style="font-weight:Normal;">See section 12</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate Account IANA.
                  We do not move assets between the general account and Separate Account IANA for Contracts issued in Delaware.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Florida
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Withdrawal Charges<br>
                  <font style="font-weight:Normal;">See Fee Tables and section 6</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The total withdrawal charge on a partial or full withdrawal cannot be greater than 10% of the Contract Value withdrawn.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Purchase Requirements<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We can only decline a Purchase Payment if it would cause total Purchase Payments to be more than $1 million, or if it would otherwise violate the Purchase Payment
                  restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">When Annuity Payments Begin<br>
                  <font style="font-weight:Normal;">See section 8</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The earliest acceptable Annuity Date is one year after the Issue Date.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Iowa
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Withdrawal Charges<br>
                  <font style="font-weight:Normal;">See Fee Tables and section 6</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Massachusetts
                </td>
                <td style="border-bottom:0.5pt Solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Waiver of Withdrawal Charge Benefit<br>
                  <font style="font-weight:Normal;">See section 7</font>
                </td>
                <td style="border-bottom:0.5pt Solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The waiver of withdrawal charge benefit is not available.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:28pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix G</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;121&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_3">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z292a04be242c432cb42d16378407d76f" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.05%;">ISSUE STATE
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.88%;">FEATURE AND BENEFITS
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:59.06%;">VARIATION
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Mississippi
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Withdrawal Charges<br>
                  <font style="font-weight:Normal;">See Fee Tables and section 6</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Purchase Requirements<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:59.06%;">&#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;">For Contracts issued before November 18, 2019</font>: We do not accept additional
                  Purchase Payments on or after the first Contract Anniversary. We also limit the amount of additional Purchase Payments you can make on or after the first Quarterly Contract Anniversary to the amount of total Purchase Payments we received
                  before the first Quarterly Contract Anniversary.<br>
                  &#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;">For Contracts issued on or after November 18, 2019</font>: Each Contract Year that we allow additional Purchase Payments you cannot add more than your initial amount without our
                  prior approval. Your initial amount is all Purchase Payments received before the first Quarterly Contract Anniversary of the first Contract Year. We do not allow additional Purchase Payments on or after the tenth Contract Anniversary.
                  However, we allow you to add up to the initial amount in the remainder of the first Contract Year (the first Quarterly Contract Anniversary to the last Business Day before the first Contract Anniversary).
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Missouri
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Our Unregistered Separate Account<br>
                  <font style="font-weight:Normal;">See section 12</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate Account IANA.
                  We do not move assets between the general account and Separate Account IANA for Contracts issued in Missouri.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Montana
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Access to Your Money<br>
                  <font style="font-weight:Normal;">See section 7</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">If you take a partial withdrawal that reduces the Contract Value below $2,000, we contact you by phone and give you the option of modifying your withdrawal
                  request. If we cannot reach you, we process your request as a full withdrawal.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:14.05%;">New Hampshire
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Waiver of Withdrawal Charge Benefit<br>
                  <font style="font-weight:Normal;">See section 7</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The definition of nursing home is an institution operated in accordance with state law.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:14.05%;">New Jersey
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Joint Owner<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We allow civil union partners to be Joint Owners.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership.<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Purchase Requirements<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The maximum total Purchase Payments that we can accept is $1 million. We can only decline a Purchase Payment if it would cause total Purchase Payments to be more
                  than $1 million, or if it would otherwise violate the Purchase Payment restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Ohio
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership.<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:37pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix G</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;122&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_4">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zfa8a88cd3d834f3ba8cf3090c3f2047f" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.05%;">ISSUE STATE
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.88%;">FEATURE AND BENEFITS
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:59.06%;">VARIATION
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Pennsylvania
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Withdrawal Charges<br>
                  <font style="font-weight:Normal;">See Fee Tables and section 6</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Waiver of Withdrawal Charge Benefit<br>
                  <font style="font-weight:Normal;">See section 7</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">The waiver is not available if on the Issue Date, an Owner was confined to a nursing home or was already diagnosed with a terminal illness. Also, the nursing home
                  confinement requirement is a total of 90 days within a six month period. These 90 days do not need to be consecutive.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Texas
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership.<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Purchase Requirements<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:59.06%;">&#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;">For Contracts issued from April 29, 2019 through November 15, 2019</font>: we do not
                  accept additional Purchase Payments on or after the first Contract Anniversary.<br>
                  &#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;"> For Contracts issued on or after November 18, 2019</font>: We do not accept additional Purchase Payments on or after the tenth Contract Anniversary.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Access to Your Money<br>
                  <font style="font-weight:Normal;">See section 7</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We only treat a partial withdrawal that reduces the Contract Value below $2,000 as a full withdrawal if you have not made an additional Purchase Payment in the
                  past two calendar years.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;line-height:10pt;padding-right:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:14.05%;">&#160;
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Our Unregistered Separate Account<br>
                  <font style="font-weight:Normal;">See section 12</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;"><font style="text-decoration:underline;">For Contracts issued before May 1, 2020</font><font style="font-weight:Normal;padding-left:0pt;">: We hold all assets that
                    you allocate to the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options that are not invested in the general account in an unregistered, non-unitized, insulated separate account (Separate Account
                    IATX). Separate Account IATX is structured differently from Separate Account IANA. Unlike Separate Account IANA, Separate Account IATX is for the exclusive benefit of persons purchasing a Contract in the State of Texas. Separate Account
                    IATX is insulated from the claims of creditors and Contract purchasers are given priority with regard to Separate Account IATX&#8217;s assets over Contract purchasers from other states as well as general creditors. Separate Account IATX was
                    established under Minnesota law for the benefit of Texas Contract purchasers. Separate Account IATX supports our obligations to pay Performance Credits to Texas Contract Owners. Allocations and reallocations to and from the Separate
                    Account IATX are managed in the same manner as Separate Account IANA. Neither Texas Contract purchasers nor these Index Options participate in any way in the performance of assets held in Separate Account IATX.</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:4pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Utah
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:6pt;padding-right:6pt; padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Purchase Requirements<br>
                  <font style="font-weight:Normal;">See section 3</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:13pt;padding-right:4pt;padding-top:2pt;text-align:left; text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:59.06%;">&#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;">For Contracts issued before November 18, 2019</font>: We do not accept additional
                  Purchase Payments on or after the first Contract Anniversary.<br>
                  &#8226;&#8194;<font style="font-weight:bold;text-decoration:underline;">For Contracts issued on or after November 18, 2019</font>: We do not accept additional Purchase Payments on or after the tenth Contract Anniversary.
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Washington
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Our Unregistered Separate Account<br>
                  <font style="font-weight:Normal;">See section 12</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate
                  Account IANA. We do not move assets between the general account and Separate Account IANA for Contracts issued in Washington.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:64pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix G</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;123&#160;</div>
      </div>
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    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_d6a06350-d2c4-46e9-87f5-37a20b41b1e0_5">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="z33331fe612e348099654f95ac11dd0bc" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.39%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:4pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.05%;">ISSUE STATE
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt; padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.88%;">FEATURE AND BENEFITS
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2pt;padding-left:6pt;padding-right:4pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:59.06%;">VARIATION
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:14.05%;">Wisconsin
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt; padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.88%;">Assignments, Changes of Ownership and Other Transfers of Contract Rights<br>
                  <font style="font-weight:Normal;">See section 2</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-right:4pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:59.06%;">We cannot restrict assignments or changes of ownership.<br>
                  <font style="font-weight:Normal;">&#8226;&#8194;We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner&#8217;s death the Beneficiary(s) will only receive the Contract Value.</font>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:554pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix G</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;124&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_72335493-1c2a-4133-9718-cd4fb41ef98c_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">Appendix H &#8211; Variable Options Available Under the
          Contract</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 1pt; text-align: left; text-decoration: none; text-transform: none;">The following includes information about the
          Variable Options. More information about the Variable Options is available in the Variable Options' prospectuses, which may be amended from time to time and can be found online at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/variableoptions</font>.
          You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to contact.us@allianzlife.com.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The current expenses and performance information
          below reflects fees and expenses of the Variable Options, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. The Variable
          Options' past performance is not necessarily an indication of future performance.</div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z5cffbfb05ee74d16a4f5e0880f4ad1ae" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:99.80%;">

              <tr style="page-break-inside:avoid;">
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt; padding-right:4pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:30.43%;">Investment Objectives
                </td>
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt; padding-right:4pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:26.98%;">Variable Option and<br>
                  Adviser/Subadviser
                </td>
                <td rowspan="2" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt; padding-right:4pt;padding-top:5pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.36%;">Current<br>
                  Expenses
                </td>
                <td colspan="3" style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt;padding-right:4pt;padding-top:5pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:30.43%;">Average Annual Total Returns<br>
                  <font style="font-weight:Normal;">(as of December 31, 2021)</font>
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.14%;">1 Year
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.14%;">5 Years
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:2.25pt;padding-left:4pt;padding-right:4pt;padding-top:2.25pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.14%;">10 Years
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:30.43%;">Current income consistent with stability of principal
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.98%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Government Money Market Fund<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup><br>
                  <font style="font-weight:Normal;">&#8195;<br>
                  </font><font style="font-style:italic;font-weight:Normal;">Adviser: Allianz Investment Management LLC<br>
                    Subadviser: BlackRock Advisors, LLC</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.36%;">0.64%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:9.00pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">0.00%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">0.53%
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt;padding-top:2.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">0.27%
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:30.43%;">Long-term capital appreciation with preservation of capital as an important consideration
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.98%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MVP Balanced Index Strategy Fund<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  <font style="font-weight:Normal;">&#8195;<br>
                  </font><font style="font-style:italic;font-weight:Normal;">Adviser: Allianz Investment Management LLC</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.36%;">0.71%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">10.02%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt; padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">7.73%
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:4pt;padding-right:4pt;padding-top:2.25pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">7.20%
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:30.43%;">Long-term capital appreciation
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:26.98%;">AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> MVP Growth Index Strategy Fund<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup><br>
                  <font style="font-weight:Normal;">&#8195;<br>
                  </font><font style="font-style:italic;font-weight:Normal;">Adviser: Allianz Investment Management LLC</font>
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.36%;">0.68%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">16.40%
                </td>
                <td style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:4pt; padding-right:4pt;padding-top:2.25pt;text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">9.77%
                </td>
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:2.25pt; text-align:center;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.14%;">9.23%
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align:left;">
          <table cellspacing="0" cellpadding="0" id="z23429780e06c490fbf2fb7ff3ccdf915" style="border-collapse:collapse;empty-cells:show;margin-top:9pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">(1)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">The AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Government Money Market Fund&#8217;s annual expenses reflect a temporary fee reduction. Please see the AZL<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Government Money Market Fund&#8217;s prospectus for information regarding the expense reimbursement or fee waiver arrangement.
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.24%;">(2)
                </td>
                <td style="color:#000000;font-family:Times New Roman;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:10pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; width:96.76%;">This Variable Option is managed in a way that is intended to minimize volatility of returns (referred to as a &#8220;managed volatility strategy&#8221;). Please see &#8220;Principal Risks &#8211; Managed Volatility Fund Risk&#8221; in the prospectus and
                  the Investment Option&#8217;s prospectus for more information.
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div type="Block" style="margin-top:268pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix H</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;125&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <div style="width:100%;">
      <a name="xx_9c3f6e7f-4a09-4e63-a8ba-4e0b93b91c82_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;padding-left:25.7334pt;text-align:left;text-decoration:none;text-indent:-25.7334pt; text-transform:uppercase;">Appendix I &#8211; Selected Financial Data and Statutory Financial Statements</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Management&#8217;s Discussion and Analysis of Financial
          Condition and Results of Operations (For the 12 month period ended December 31, 2021)</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: italic; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The following discussion of our financial condition
          and results of operations should be read in conjunction with our statutory financial statements and notes to those statements included in this Appendix. The discussion and analysis in this Appendix includes certain forward-looking statements that
          are subject to risks, uncertainties and other factors, as described in &#8220;Risk Factors&#8221; and elsewhere in this prospectus, that could cause our actual growth, results of operations, performance, financial position and business prospects and
          opportunities in 2022 and beyond to differ materially from those expressed in, or implied by, those forward-looking statements. See &#8220;Forward-Looking Statements.&#8221;</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Statutory Financial Statements</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The statutory financial statements of Allianz Life
          Insurance Company of North America as of December 31, 2021 and 2020 and for each of the three years in the period ended December 31, 2021 included in this Appendix I have been so included in reliance on the report of PricewaterhouseCoopers LLP,
          an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting. The principal business address of PricewaterhouseCoopers LLP is 45 South Seventh Street, Suite 3400, Minneapolis, MN.</div>
      </div>
      <div type="Block" style="margin-top:444pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 11pt; text-align: center; text-decoration: none; text-transform: none;">Appendix I</div>
      </div>
      <div type="Block" style="margin-top:3pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;126&#160;</div>
      </div>
    </div>
    <div style="clear:both;font-size:12pt;height:0pt;">
    </div>
    <hr style="margin-bottom:0pt;">
    <p style="margin:0pt;page-break-before:always;">&#160;
    </p>
    <p style="page-break-before: always;"> </p>
    <div style="min-height:45pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center">
        <table id="z8d8c3db89a234176bb62da71f1937dc3" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.245%">

            <tr>
              <td style="width:1.0%"><br>
              </td>
              <td style="width:32.233%"><br>
              </td>
              <td style="width:0.1%"><br>
              </td>
              <td style="width:1.0%"><br>
              </td>
              <td style="width:32.233%"><br>
              </td>
              <td style="width:0.1%"><br>
              </td>
              <td style="width:1.0%"><br>
              </td>
              <td style="width:32.234%"><br>
              </td>
              <td style="width:0.1%"><br>
              </td>
            </tr>
            <tr>
              <td style="border-bottom:1pt solid #000000;padding:0 1pt" colspan="3"><br>
              </td>
              <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Part I</font></td>
              <td style="border-bottom:1pt solid #000000;padding:0 1pt" colspan="3"><br>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Item&#160;11(f).</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Selected Financial Data</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">(dollars in millions, unless otherwise stated)</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table sets forth the Company&#8217;s selected historical
        financial data. The selected financial data has been derived from the Statutory Financial Statements included elsewhere in this prospectus, and should be read in conjunction with &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and
        Results of Operations&#8221; and the Company&#8217;s audited Statutory Financial Statements. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">These historical results are not necessarily indicative of results to
        be expected for any future period. </font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z5f547eebe0ff422f871a53e335f4126a" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.786%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.544%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.841%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.544%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.841%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.841%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.403%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="27"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year ended December 31, </font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Selected income data</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2018</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2017</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premium and annuity considerations*</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,291&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,542&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,029&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,193&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,231&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net investment income</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,866&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,864&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,839&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,593&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,504&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ceded reinsurance
                reserve and expense adjustments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">639&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(45)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">329&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">612&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees from separate accounts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">574&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">567&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">613&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">676&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">719&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other income</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">694&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">150&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,338&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,622&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,797&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,704&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,216&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholder benefits
                and surrenders</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,876&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,343&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,368&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,436&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,649&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in aggregate reserves</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,316&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,465&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,034&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,299&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,628&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and
                administrative and commission</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,195&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,739&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,878&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,770&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,616&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net transfers to separate accounts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,424&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,460&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,254&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,009)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,851)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total benefits
                and other expenses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,811&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,007&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,534&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,496&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,042&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense (benefit)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,091&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">773&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(51)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net realized capital
                gain (loss)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,856&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(490)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,655&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income (loss)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,292&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">739&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">543&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">769&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">805&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in unrealized capital gain (loss)</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(61)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">719&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(230)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(78)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends to parent</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(900)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(750)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(325)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt 0 19pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(780)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other change in capital &amp; surplus</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,794&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(220)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">441&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(101)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net change in
                capital &amp; surplus</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,044&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(292)</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,378&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">565&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(154)</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="33"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">*Includes premiums and
                annuity and supplementary contract considerations.</font></td>
          </tr>

      </table>
    </div>
    <div>
      <table id="zc1928eb5dbc44826ae77e65e310db52c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:32.035%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.542%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.381%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.840%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.232%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.542%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.381%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.840%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.381%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.840%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.386%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="27"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">As of December 31, </font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Selected balance sheet
                data</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2018</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2017</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash and invested assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122,829&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,229&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121,870&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">117,203&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,328&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income due
                and accrued</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">947&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,031&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,047&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,004&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other admitted assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,480&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,218&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">945&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">951&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">982&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate account assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,638&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,835&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,755&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                admitted assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,535&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,388&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">158,484&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142,036&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,069&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total policyholder
                liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103,933&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,353&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">107,098&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">107,118&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100,433&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,618&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,473&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,794&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,507&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,869&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate account
                liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,638&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,835&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,755&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162,830&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165,727&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">150,530&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135,460&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,057&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total capital
                and surplus</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,705&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,661&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,954&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,576&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,011&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 1 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Item&#160;11(h).</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Management&#8217;s Discussion and Analysis of Financial Condition and
        Results of Operations</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following discussion and analysis provides an assessment by
        management of the Company&#8217;s financial condition as of December 31, 2021, compared with December&#160;31, 2020, and its results of operations for each of the three years ended December&#160;31, 2021, 2020, 2019, respectively. The information contained herein
        should be read in conjunction with the financial statements, notes, exhibits and schedules in the 2021 and 2020 Annual Statement and audited Statutory Financial Statements of the Company. Amounts are presented on a non-consolidated basis in
        accordance with Statutory Accounting Principles (SAP). </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Forward-looking Statements </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">This report reviews the Company&#8217;s financial condition and results of
        operations. Where appropriate, factors that may affect future financial performance are also identified and discussed. Certain statements made in this report include &#8220;forward-looking statements&#8221; within the meaning of the Private Securities
        Litigation Reform Act of 1995. Forward- looking statements include any statement that may predict, forecast, indicate or imply future results, performance or achievements instead of historical facts, and may contain words like &#8220;believe&#8221;, &#8220;expect&#8221;,
        &#8220;estimate&#8221;, &#8220;project&#8221;, &#8220;budget&#8221;, &#8220;forecast&#8221;, &#8220;anticipate&#8221;, &#8220;plan&#8221;, &#8220;will&#8221;, &#8220;shall&#8221;, &#8220;may&#8221;, and other words, phrases or expressions with similar meaning. Forward-looking statements are subject to risks and uncertainties. Readers are cautioned not to
        place undue reliance on forward-looking statements as a prediction of actual results. The Company undertakes no obligation to update publicly or revise any forward-looking statements.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Company Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Allianz Life is a wholly owned subsidiary of Allianz of America, Inc.
        (AZOA), which is a subsidiary of Allianz Europe, B.V.. Allianz Europe, B.V. is a wholly owned subsidiary of Allianz SE, the Company&#8217;s ultimate parent, which is incorporated in Munich, Germany. The Company is a life insurance company domiciled in
        the State of Minnesota and is licensed to sell insurance products in all U.S. states, except New York, several U.S. territories, and Canada. The Company offers a portfolio of individual fixed-indexed annuities, variable-indexed annuities, and
        individual ordinary fixed-indexed universal life (FIUL) products. The Company&#8217;s products are either sold through licensed independent agents contracted with a field marketing organization or insurance agency, or licensed registered representatives
        contracted with a broker/dealer. The Company also maintains a closed portfolio of fixed and variable annuities, individual and group long-term care (LTC) and group life, annuity and accident and health policies, and does not actively issue new
        policies related to these products. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has organized its principal operations into the following
        segments: Individual Annuities, Life, and Legacy.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Individual Annuities </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Individual Annuities segment provides tax-deferred investment
        growth and lifetime income opportunities for our customers through fixed, fixed-indexed and variable-indexed. The &#8220;fixed&#8221; and &#8220;variable&#8221; classifications describe whether we or the contractholders bear the investment risk of the assets supporting
        the contract. We are one of the largest sellers of fixed-indexed and variable-indexed products. Fixed and variable annuities provide for both asset accumulation and asset distribution needs. Our Individual Annuity products are sold through both
        independent and wholly-owned distribution channels made up of agents and registered representatives.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Fixed annuities provide guarantees related to the preservation of
        principal and interest credited. In 2021, sales of our fixed-indexed annuity products were higher than the prior year due to impacts of increasing interest rates and strong sales for the Allianz Benefit Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> due to a
        2021 sales promotion . In 2020, sales of our fixed-indexed annuity products were lower than the prior year due to the low interest rate environment and social distancing constraints as a result of the coronavirus pandemic. </font></div>
    <div style="height:63pt;position:relative;width:100%">
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          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 2 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Variable annuities allow the contractholder to make deposits into
        various investment options and also have unique product features that allow for guaranteed minimum income benefits, guaranteed minimum accumulation benefits, guaranteed minimum death benefits, and guaranteed minimum withdrawal benefits. The
        variable annuity products with guaranteed minimum benefits which provide a minimum return based on their initial deposit may be increased by additional deposits, bonus amounts, or other account crediting features. The income and accumulation
        benefits shift a portion of the investment risk from the contractholder back to the Company. The Company's variable annuity sales strategy has shifted to variable-indexed annuity products, which combines a separate account option with a general
        account option that is similar to a fixed-indexed annuity. In 2021, sales of the variable-indexed annuity were higher than the prior year due to strong sales for the Index Advantage Income</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> product driven by the market environment and a 2021
        sales promotion. In 2020, sales of the variable-indexed annuity were higher than the prior year due to strong sales for the Index Advantage Income</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> product driven by the market environment and a 2020
        sales promotion. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Life</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Our life insurance products provide flexibility and control over a
        person&#8217;s assets, providing the assurance that the beneficiaries will be protected after the insured is gone and, in certain cases, to add cash value accumulation potential. The sales focus of our Life segment is our FIUL insurance products.
        Deposits are credited to an account maintained for the policyholder. Our individual life products are sold through independent distribution channels made up of agents and registered representatives. The Life business has continued to grow for the
        last several years and was driven by strong product proposition and expanded accelerated underwriting.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Legacy</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Legacy business consists of closed blocks of LTC and Special
        Markets products. The Special Markets products include individual and group annuity and life products, including universal life and term life insurance. Although Legacy products are part of the total results, the Company does not allocate
        additional resources to these areas other than to maintain the operational support to its current customers. The Company enters into reinsurance agreements to manage risk resulting from businesses we have chosen to exit. The performance of these
        product lines is not material enough to warrant discussion as separate operating segments.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Income and Expense Allocation</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">We maintain segregated investment portfolios at the subsidiary level
        but do not maintain segregated portfolios for each segment. All net investment income and other Corporate income and expense activity is allocated to the segments. Assets are only monitored at the total Company level, and as such, asset disclosures
        by segment are not included herein. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Income and expense related to assets backing policyholder reserves are
        allocated to the segments based on policyholder statutory reserve levels. The results of our segments also reflect allocation of income and expense related to assets backing surplus. Income and expense related to assets backing surplus are
        allocated to the segments based on required capital levels for each segment. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Basis of Presentation</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Statutory Financial Statements have been prepared in accordance
        with accounting practices prescribed or permitted by the Minnesota Department of Commerce (the&#160;Department). The Department recognizes statutory accounting practices prescribed or permitted by the state of Minnesota for determining and reporting the
        financial condition and results of operations of an insurance company and its solvency under Minnesota insurance law. The state of Minnesota has adopted the National Association of Insurance Commissioners (NAIC) </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Accounting Practices and Procedures Manual</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> as its prescribed basis of SAP, without significant modification. The Company has no material statutory accounting practices that differ from those of the Department or NAIC SAP.
        These practices differ in some respects from accounting principles generally accepted in the United States of America (U.S. GAAP). The effects of these differences, while not quantified, are presumed to be material to the Statutory Financial
        Statements.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The preparation of Statutory Financial Statements in conformity with
        NAIC SAP requires management to make certain estimates and assumptions that affect reported amounts of admitted assets and liabilities, including reporting or disclosure of contingent assets and liabilities as of December&#160;31, 2021, and 2020 and the
        reported amounts of revenues and expenses during the reporting period. Future events, including changes in mortality, morbidity, interest rates, capital markets, and asset valuations could cause actual results to differ from the estimates used
        within the Statutory Financial Statements. Such changes in estimates are recorded in the period they are determined.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><br>
      </div>
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          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 3 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Adoption of New Financial Accounting Standards </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 3 &#8211; &#8220;Accounting Changes and Correction of Errors&#8221; of the
        Company&#8217;s audited Statutory Financial Statements in this prospectus for information related to recent accounting pronouncements. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Application of Critical Accounting Policies</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Our accounting policies require management to make interpretative and
        valuation judgments and to make estimates based upon assumptions that affect the amounts of assets, liabilities, revenues, and expenses reported in our Statutory Financial Statements. Because the use of assumptions and estimates inherently entails
        uncertainty, the effects of accounting policies under different conditions could produce results that are significantly different. A discussion of the presentation of the business factors that affect critical accounting policies can be found in
        Note 2 of the accompanying Statutory Financial Statements and are summarized below. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Accounting for Investments </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Investment valuation and presentation are determined to be in
        accordance with methods prescribed by the NAIC. See Note 5 and 6 of the audited Statutory Financial Statements for additional information regarding the portfolio and fair value of investments. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Aggregate Reserves for Life Policies and Annuity
        Contracts </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Notes 12 through 14 of the audited Statutory Financial Statements
        for additional information regarding our annuity and life actuarial reserves, deposit liabilities, and separate accounts.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Derivatives </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Notes 2 and 5 of the audited Statutory Financial Statements for
        additional information regarding our derivatives and hedging instruments. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Reinsurance </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 11 of the audited Statutory Financial Statements for
        additional information regarding reinsurance agreements we have entered into to manage insurance risk, as well as businesses we exited. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Income Taxes </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 9 of the audited Statutory Financial Statements for
        additional information regarding income tax estimates and assumptions. </font></div>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 4 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Results of Operations</font></div>
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            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.345%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.345%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.345%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.351%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income:</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Premium and annuity considerations*</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,291&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,542&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,029&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,749&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35.6&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,487)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(19.1)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net investment
                income</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,866&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,864&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,839&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.5&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ceded reinsurance reserve and expense
                adjustments</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">639&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(45)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">329&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">684&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,520.0)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(374)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(113.7)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fees from
                separate accounts</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">574&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">567&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">613&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(46)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.5)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(32)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">694&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(726)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(104.6)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">707&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,438.5&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,338&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,622&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,797&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,716&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22.4&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,175)</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11.6)</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Benefits and other expenses:</font></div>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder
                benefits and surrenders</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,876&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,343&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,368&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">533&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.2&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in aggregate reserves</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,316&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,465&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,034&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,851&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">75.1&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,431&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">138.4&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">General and
                administrative and commission</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,195&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,739&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,878&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26.2&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(139)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.4)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net transfers to separate accounts</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,424&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,460&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,254&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">964&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">66.0&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,794)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(72.2)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total
                benefits and other expenses</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,811&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,007&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,534&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,804&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.8&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,527)</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.6)</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pretax income (loss)</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">527&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">615&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">263&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(88)</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14.3)</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">352&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">133.8&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax
                expense (benefit)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,091&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">773&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,073&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,961.1&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(755)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(97.7)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net realized capital gain (loss)</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,856&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">142&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,053&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,714&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,207.0&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(911)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(86.5)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income
                (loss)</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,292&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">739&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">543&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">553&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">74.8&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">196&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.1&#160;</font></td>
            <td style="background-color:#bfe4ff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                unrealized capital gain (loss)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(142)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(61)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">719&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(81)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(132.8)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(780)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(108.5)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends to parent</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(900)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(750)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(325)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20.0)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(425)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(130.8)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other change in
                capital &amp; surplus</font></td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,794&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(220)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">441&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,014&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,370.0&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(661)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(149.9)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net change in capital &amp; surplus</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,044&#160;</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(292)</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,378&#160;</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,336&#160;</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,142.5&#160;</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,670)</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(121.2)</font></td>
            <td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="42"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">*Includes premiums and annuity and
                supplementary contract considerations.</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="42">
              <div style="padding-left:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">**Not meaningful</font></div>
            </td>
          </tr>

      </table>
      <font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2021</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Compared to</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended
        December&#160;31, 2020 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The increase in capital and surplus was primarily driven by gains on
        new reinsurance transactions, mostly related to the initial ceding commission and reserve impacts, and impacts from favorable equity markets resulting in net gains on derivatives hedging fixed-indexed and life product liabilities. These items were
        partially offset by a higher dividend payment to our parent company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> I</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">ndividual Annuities premiums and annuity considerations increased primarily due to </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">higher fixed-indexed and variable-indexed annuity premium driven by competitive product features and 2021 sales
        promotions on both the Allianz Benefit Control&#174; and Allianz Index Advantage Income&#174; products</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Life segment increased as a result of an increase in first year and renewal premiums </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">on Life Pro Plus Advantage</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> due to a growing block of business.</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Net investment income increased slightly primarily due to growth in the fixed-indexed annuity block of business, variable-indexed annuity and Life segment invested assets.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Ceded reinsurance reserve and expense adjustments increased primarily due to impacts from new inforce reinsurance agreements in the
        Individual Annuities segment.</font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 5 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Fees
        from separate accounts</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Fees from separate accounts slightly increased primarily due to higher separate account assets on
        the traditional variable annuity block of business due to positive equity markets, mostly offset by surrenders. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other income: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other income decreased primarily due to a decrease in derivative income on interest rate swaps that hedge changes in cash flows for variable annuities, primarily driven by
        increasing interest rates, within the Individual Annuity segment.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Policyholder benefits and surrenders increased slightly primarily due to an increase in annuitizations and surrenders within the Individual Annuity segment and increased death
        claims in the Life segment. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Change in aggregate reserves increased primarily due to an increase in the Individual Annuities segment driven by higher new reserves established due to higher production and an
        increase in index crediting due to positive equity markets, as well as an increase in the Life segment reserves due to higher premiums and an increase in index credits. This was partially offset by variable annuity reserve decreases, due to
        increasing interest rates.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> General, administrative and commission expense increased primarily due to an increase in commissions expense as a result of higher production in the Individual Annuity and Life
        segments.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net transfers to separate accounts: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net transfers to separate accounts increased due to increased premium from Index Advantage Income&#174; in the Individual Annuities segment.</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: There is a federal income tax expense in 2021 due to impacts from realized and unrealized gains on derivatives hedging liabilities in the Company's Individual Annuity and Life
        segments and gains from new reinsurance transactions in the Individual Annuity segment.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net realized capital gain (loss):</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Net realized capital gains increased due to gains on derivatives hedging fixed-indexed annuities and life product liabilities, partially offset by losses on derivatives hedging
        variable-indexed annuity product liabilities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss): </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized capital losses are primarily due to losses on derivatives product liabilities in the Individual Annuities segment and the Life segment.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Dividends to parent:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Dividends of $</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">900 </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">were paid to the parent in 2021.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other change in capital and surplus increased due to impacts from new inforce reinsurance agreements which were entered in 2021 and the change in deferred income taxes as a result
        of positive derivative hedging impacts within our Individual Annuities segment. There was also a change in asset valuation reserve (AVR) that decreased capital and surplus due to the growth of the Company's general account investment portfolio.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2020 Compared to Year Ended December&#160;31, 2019
      </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The decrease in capital and surplus was
        primarily driven by volatility within the equity market movements resulting in hedging losses, a ceded reinsurance recapture in fixed-indexed annuities, and an increase in the 2020 dividend payment to the parent.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Premium and annuity
        considerations decreased primarily due to lower fixed-indexed annuity sales based upon product changes made in response to the continued low interest rate environment and social distancing constraints impacting sales methods. This was partially
        offset by higher variable-indexed annuity premium driven by a 2020 sales promotion all within the Individual Annuities segment. The Life segment increased as a result of an increase in first year and renewal premiums due to a growing block of
        business. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net investment income
        increased due to an increase in average invested assets and positive cash flows.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Ceded reinsurance reserve and expense adjustments decreased primarily due to impacts from a ceded reserve recapture that was executed in 2020 in the Individual Annuities segment.</font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 6 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Fees from separate accounts</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Fees from separate accounts
        decreased primarily due to lower average separate account assets as a result of outflows due to policyholder activity and negative equity market impacts in early 2020 in the Individual Annuities segment. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other income increased
        primarily due to an increase in derivative income on interest rate swaps that hedge variable annuities and amortization of the deferred hedge liability under SSAP No. 108 in the Individual Annuities segment.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in aggregate reserves
        increased primarily due to a change in presentation of assets and liabilities relating to the variable-indexed product in 2019. In 2019, the Company transferred assets from the general account to the separate account to align with state product
        filing requirements, and the reserve decrease is completely offset in Net transfers to(from) separate accounts. </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> In
        addition, variable annuity reserves increased in 2020 driven by overall net growth in the variable-index annuity block of business. This was partially offset by the decrease of the fixed-index annuity reserves driven by lower index credits as a
        result of the less favorable equity market increase and lower fixed-indexed annuity premiums due to the decrease in production.</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">General, administrative and
        commission expense decreased primarily due to a decrease in commissions expense as a result of lower overall premium as discussed above. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net transfers to separate accounts:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net transfers to (from)
        separate accounts decrease is driven by the aforementioned 2019 presentation of assets and liabilities for variable-indexed annuities change referenced in the Change in aggregate reserves in the Individual Annuities segment. The decrease in Net
        transfers to (from) separate accounts was partially offset by lower policyholder activity. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There is a federal income tax
        expense due to impacts from hedging gains in the Company's Individual Annuity and Life segments which was partially offset by a tax net operating loss carry back recorded in 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net realized capital gain (loss):</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gains
        decreased due to lower gains on derivatives used to economically hedge the Company's product liabilities as a result of less favorable equity markets in the Individual Annuities and Life segments, as well as unfavorable investment results due to
        impairments.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss):</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized capital losses are
        primarily due to negative hedging results on fixed-indexed and variable-indexed annuities in the Individual Annuities segment and the Life segment. </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Dividends to parent: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Dividends of $750 were paid to
        the parent in 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other change in capital and
        surplus decreased due to </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">a </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">fixed-indexed ceded reserve recapture that was completed in 2020, and an increase in AVR that decreased capital and surplus due to the growth of the Company's investment portfolio</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:15.75pt"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><br>
      </div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 7 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Individual Annuities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Segment Results of Operations</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z81d93675b27e4d82878c12530434bbc7" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

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            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.662%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:0.547%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:9.662%"><br>
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            <td style="width:9.662%"><br>
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            <td style="width:0.547%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.662%"><br>
            </td>
            <td style="width:0.1%"><br>
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            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:7.420%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:0.547%"><br>
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            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.662%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:7.425%"><br>
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          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
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            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Premium and annuity considerations*</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,766&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,268&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,969&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,498&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37.7&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,701)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(22.6)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net investment
                income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,467&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,531&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,551&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(64)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.4)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ceded reinsurance reserve and expense
                adjustments</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">656&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(54)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">321&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">710&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,314.8&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(375)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(116.8)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fees from
                separate accounts</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">574&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">567&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">613&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(46)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.5)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(37)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">691&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(728)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(105.4)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">708&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,164.7&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,426&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,003&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,437&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,423&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22.8&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,434)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14.0)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Benefits and other expenses:</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder
                benefits and surrenders</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,584&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,073&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,078&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">511&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in aggregate reserves</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,789&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,474&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">289&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,315&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89.2&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,185&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">410.0&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">General and
                administrative and commission</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,756&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,369&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,591&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">387&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(222)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14.0)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net transfers to separate accounts</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,426&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,462&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,258&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">964&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">65.9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,796)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(72.2)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total
                benefits and other expenses</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,555&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,378&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,216&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,177&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22.1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,838)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(16.5)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pretax income (loss)</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">871&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">625&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">221&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">246&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39.4&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">404&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">182.8&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax
                expense (benefit)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,802&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">649&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,784&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,911.1&#160;</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(631)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#bfe4ff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(97.2)</font></td>
            <td style="background-color:#bfe4ff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net realized capital gain (loss)</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,519&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">67&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">922&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,452&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,167.2&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(855)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(92.7)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income
                (loss)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">674&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">494&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(86)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12.8)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">180&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36.4&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                unrealized capital gain (loss)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(125)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(79)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(46)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(58.2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(667)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(113.4)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other change in capital &amp; surplus</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,792&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(220)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">439&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,012&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,369.1&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(659)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150.1)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net change in
                capital &amp; surplus</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,255&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">375&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,521&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,880&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">768.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,146)</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(75.3)</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="42"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">*Includes premiums and annuity and
                supplementary contract considerations.</font></td>
          </tr>
          <tr style="height:12pt">
            <td style="padding:0 1pt 0 16pt;text-indent:-9pt" colspan="42"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Selected Operating Performance Measures</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z9ec4c01ac0e1462d8ebdbbc359310010" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.809%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:22.996%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.484%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.487%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Individual Annuities</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deposits</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,226&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,474&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,135&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,752&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,661)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(21.9)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">In-force</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">141,131&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">131,228&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">126,936&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,903&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,292&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Deposits and in-force amounts in the table above are for direct and
        assumed business. Deposits reflect amounts collected on both new and renewal business. In-force represents account values of the annuity contracts for our fixed, fixed-indexed, variable, and variable-indexed annuity contracts. In 2021, sales of our
        fixed-indexed annuities were higher than the prior period due to </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">competitive product features and
        a 2021 sales promotion. Sales of </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">variable-indexed annuities were higher due to higher sales on the Index Advantage suite of
        products driven by the market environment and a 2021 sales promotion. In 2020, sales of fixed-indexed annuities were lower than the prior year due to impacts of product changes due to the low interest rate environment and social distancing
        constraints. This was partially offset by higher variable-indexed annuity sales for the Index Advantage suite of products driven by the market environment and a 2020 sales promotion. </font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 8 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Change in Key Market Factors</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Our Individual Annuities segment is impacted by various market impacts
        which are summarized below:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt;padding-left:2.25pt">
      <table id="z09c558ff0b114c289b2b480d5e377d2c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.107%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:26.677%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.871%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="15">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></div>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="9">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% change</font></div>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020 - 2019</font></div>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019 - 2018</font></div>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock Index</font></div>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:top" colspan="3">
              <div style="margin-bottom:2pt;padding-left:9pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">S&amp;P 500</font></div>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26.89%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.26%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.88%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.63%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12.62)%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top" colspan="3">
              <div style="margin-bottom:2pt;padding-left:9pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NASDAQ 100</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26.63%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47.58%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.96%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20.95)%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.62%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:top" colspan="3">
              <div style="margin-bottom:2pt;padding-left:9pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BUDBI</font></div>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.35%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.08%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.23%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.73)%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.15)%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:9pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BUDBI II</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.60%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.15%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.05%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1.55)%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7.90)%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:2.25pt">
      <table id="z5cbc0273ae1241f18bf510e2eb26f142" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.107%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:26.677%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.713%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.871%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="15">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">As of December&#160;31,</font></div>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="9">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basis&#160;point&#160;(bps)&#160;change</font></div>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020- 2019</font></div>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019 - 2018</font></div>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:2.25pt;padding-right:2.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest Rates</font></div>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Swap rate - 10 year</font></td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.58%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.93%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.90%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65bps</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(97bps)</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Swap rate - 20
                year</font></td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.76%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.32%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.07%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 2.12pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44bps</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(75bps)</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2021</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Compared to</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended
        December&#160;31, 2020 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Individual Annuities segment net increase in capital and surplus
        was primarily driven by impacts from positive equity markets and impacts from new reinsurance agreements covering certain fixed-indexed annuities. Notably, the Company executed two new reinsurance agreements effective October 1, 2021; a modified
        coinsurance agreement covering approximately </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">$26 billion of inforce reserves and a coinsurance
        agreement covering approximately $8 billion </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">of inforce reserves.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Premium and annuity
        considerations increased primarily due to higher fixed-indexed and variable-indexed annuity premium driven by competitive product features and a 2021 sales promotion on both the Allianz Benefit Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> and Index Advantage Income</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> products.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Net investment income slightly decreased primarily due to lower investment yields and net investment income ceded as part of the new coinsurance agreement.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Ceded reinsurance reserve and expense adjustments increased primarily due to impacts from the new reinsurance agreements</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Fees from separate accounts</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Fees from separate accounts slightly increased primarily due to higher separate account assets on the traditional variable annuity block of business due to positive equity
        markets, mostly offset by surrenders. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other income: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other income decreased primarily due to a decrease in derivative income on interest rate swaps that hedge changes in cash flows for variable annuities, primarily driven by
        increasing interest rates. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 144%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 144%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 144%;">: Policyholder benefits and surrenders increased primarily due to an increase in annuitizations on both the fixed and variable annuity lines of business, and increase in surrenders
        on the variable annuity line of business. This was partially offset by a decrease in surrenders on the fixed annuity line of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Change in aggregate reserves increased primarily due to higher new annuity reserves established due to higher production and an increase in index crediting due to positive equity
        markets, partially offset by variable annuity reserve decreases due to interest rate increases.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> General, administrative and commission expense increased primarily due to an increase in commissions expense as a result of higher premium from the sale of both fixed-indexed and
        variable-indexed annuities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net transfers to separate accounts: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net transfers to separate accounts is driven by new premium and offset by contractholder withdrawals, and increased due to increased premium from Index Advantage Income&#174; exceeding
        contractholder withdrawals.</font></div>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 9 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Income tax expense increase is driven by higher federal income tax expense due to gains on new reinsurance transactions and derivatives hedging impacts.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net realized capital gain (loss): </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gain increased due to gains on derivatives hedging fixed-indexed annuities, partially offset by losses on derivatives hedging variable-indexed annuity product
        liabilities as a result of an increase in equity markets.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss): </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized capital losses are primarily due to losses on derivatives used to hedge product liabilities on fixed-indexed annuities and variable-indexed annuities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Other change in capital and surplus increased due to the net deferred gain on new reinsurance agreements. Other favorable impacts include a change in deferred income taxes as a
        result of positive hedging impacts offset by a change in AVR that decreased capital and surplus as a result of the growth of our investment portfolio.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2020 Compared to</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended
        December&#160;31, 2019 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Individual Annuities segment net change
        in capital and surplus was favorable, but decreased compared to the prior year primarily driven by less favorable equity market movements in 2020 resulting in lower realized hedging gains, unrealized hedging losses, and a recapture of a fixed-index
        reinsurance agreement.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Premium and annuity
        considerations decreased primarily due to lower fixed-indexed annuity sales due to product changes made in response to the continued low interest rate environment and social distancing constraints, and lower traditional variable annuity sales
        driven by product changes. This was partially offset by higher variable-indexed annuity premium driven by a 2020 sales promotion.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Ceded reinsurance reserve and expense adjustments decreased primarily due to impacts from a fixed-indexed ceded reserve recapture that was completed in 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Fees from separate accounts</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Fees from separate accounts
        decreased primarily due to lower average separate account assets as a result of outflows due to policyholder activity and negative equity market impacts in early 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other income increased
        primarily due to an increase in derivative income on interest rate swaps that hedge variable annuities and amortization of the deferred hedge liability under SSAP No. 108.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in aggregate reserves
        increased primarily due to a change in presentation of assets and liabilities relating to the variable-indexed product in 2019. In 2019, the Company transferred assets from the general account the separate account to align with state product filing
        requirements, and the reserve decrease is completely offset in Net transfers to(from) separate accounts. </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> In addition,
        variable annuity reserves increased in 2020 driven by overall net growth in the variable-index annuity block of business. This was partially offset by the decrease of the fixed-index annuity reserves driven by lower index credits as a result of the
        less favorable equity market increase and lower fixed-indexed annuity premiums due to the decrease in production.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">General, administrative and
        commission expense decreased primarily due to a decrease in commissions expense as a result of lower premium as discussed above. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net transfers to separate accounts: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net transfers to (from) separate accounts decreased driven by the aforementioned presentation of assets and
        liabilities for variable-indexed annuities change referenced in the Change in aggregate reserves. The decrease in Net transfers to (from) separate accounts was partially offset by lower policyholder activity. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Income tax expense is driven by a federal income tax expense in 2020 due to impacts from hedging losses.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net realized capital gain (loss): </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gains decreased due to lower gains on derivatives used to economically hedge the Company's
        product liabilities as a result of a lower increase in equity markets, as well as unfavorable investment results due to impairments.</font></div>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 10 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss): </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized capital losses are primarily due to negative hedging results on fixed-indexed annuities and variable-indexed annuities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Other change in capital and surplus decreased primarily due to a </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">fixed-indexed ceded reserve recapture that was completed in 2020</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Life</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Segment Results of Operations</font></div>
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            </td>
            <td style="width:0.551%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.922%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.551%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.576%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.551%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.932%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Premium and annuity considerations</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,363&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,115&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">906&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">248&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">209&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net investment
                income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">259&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">210&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">177&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ceded reinsurance reserve and expense
                adjustments</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(23)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(866.7)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(33.3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,602&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,330&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,088&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">272&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20.5&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">242&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22.2&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Benefits and
                other expenses:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder benefits and surrenders</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">194&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">173&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(26)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.1)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                aggregate reserves</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,216&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">824&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">611&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">392&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">213&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">General and administrative and commission</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">386&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">343&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">258&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12.5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">85&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total
                benefits and other expenses</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,796&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,340&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,068&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">272&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25.5&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pretax income (loss)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(194)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(184)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,840.0)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(30)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150.0)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax
                expense (benefit)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(401)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(401)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(59)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net realized capital gain (loss)</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">337&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">77&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">131&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">260&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">337.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(54)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(41.2)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income
                (loss)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">544&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">67&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">477&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">711.9&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(25)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(27.2)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                unrealized capital gain (loss)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">130&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(32)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(139.1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(107)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(82.3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other change in capital &amp; surplus</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">125.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(200.0)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net change in
                capital &amp; surplus</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">536&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">226&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">450&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">523.3&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(140)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(61.9)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">*Not meaningful</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Selected Operating Performance Measures</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt;padding-left:2.25pt">
      <table id="zd54ea42773e248cd8d37a99d0ce1efcf" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.809%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:22.996%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.484%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.487%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Life</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">First year
                and renewal premiums</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,426&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,170&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">960&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">256&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">210&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">In-force</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">62,372&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,485&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,700&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,887&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,785&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">First year and renewal premiums and in-force amounts in the table
        above are for direct and assumed business. In-force amounts represent life insurance in-force on our FIUL business and certain universal life, and term life business. The continued increase in first year and renewal premiums in 2021, 2020 and 2019
        is a result of continued product enhancements and overall strong product proposition. The movement of in-force, year over year, is primarily driven by policyholder activity. Increases are driven by new business, and decreases are driven by
        policyholder charges, surrenders, and claims. </font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 11 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2021</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Compared to</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended
        December&#160;31, 2020 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Life segment net change in capital and surplus increased primarily
        due to impacts from positive equity markets, and an increase in policy charges and net investment income as a result of a growing and maturing block of business. This was partially offset by an increase in change in aggregate reserves and
        commissions expense which trends in line with the growing block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Premiums and annuity
        considerations increased as a result of an increase in first year and renewal premiums </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">on Life Pro Plus Advantage</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">&#174;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> due to a
        growing block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Net investment income increased primarily due to an increase in Life average invested assets.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Ceded reinsurance reserve and expense adjustments decreased as a result of ceded modified coinsurance reserves on certain Life products.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Policyholder benefits and surrenders increased primarily due to an increase in death claims and surrender activity.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Change in aggregate reserves increased due to higher premiums and higher index credits as a result of the positive equity market performance in 2021</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> General and administrative and commission expense increased primarily due to an increase in first year and renewal commissions which is consistent with premium production.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Income tax expense (benefit) is driven by the pre-tax items discussed above, and is allocated to operating segments based the the total
        Company's effective rate.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net realized capital gain (loss): </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gain increased due to the higher gains on derivatives used to hedge Life product liabilities as a result of positive equity markets in 2021.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss):</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Change in unrealized capital losses increased due to an increase in losses on derivatives hedging the Life product liabilities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other change in capital and surplus has a limited impact on the Life Segment.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2020 Compared to Year Ended December&#160;31, 2019
      </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Life segment net change in capital and
        surplus was favorable, but decreased compared to prior year primarily due to less favorable hedging impacts as a result of the negative equity market performance in early 2020. This was partially offset by an increase in policy charges as a result
        of a growing block of business and a lower income tax expense in 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Premium and annuity considerations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Premiums and annuity considerations increased as a result of an increase in first year and renewal premiums as a result of a growing block of business. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net investment income
        increased primarily due to an increase in Life average invested assets.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Ceded reinsurance reserve and expense adjustments: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Ceded reinsurance reserve and expense adjustments increased as a result of prior year changes in ceded modified coinsurance reserves on
        certain Life products, with minimal changes in the current year.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Policyholder benefits and
        surrenders decreased primarily due to policyholder surrender activity and partially offset by an increase in death claims. </font></div>
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        <div style="margin-top:3pt;text-align:center"><br>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 12 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in aggregate reserves
        increased due to higher premiums and an increase in policy charges as a result of a growing block of business and higher index credit levels as a result of the positive equity market performance after the first quarter of 2020</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">General and administrative and commission:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">General and administrative and
        commission expense increased primarily due to an increase in first year and renewal commissions which is consistent with premium production.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Income tax expense (benefit)
        is driven by a pre-tax items discussed above, and a minimal effective federal tax rate.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net
        realized capital gain (loss): </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gain decreased due to lower hedging gains as a
        result of negative equity market performance in early 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in unrealized capital gain (loss):</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in unrealized capital
        gain is due to a lower hedging gains as a result of negative equity markets in early 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Other change in capital and surplus: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other change in capital and surplus decreased as a result of change in net deferred income taxes as result of
        hedging impacts.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Legacy</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Segment Results of Operations</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt;padding-left:2.25pt">
      <table id="z66bf99a7b6ae410d951cee07d53b1fb1" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.255%">

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            <td style="width:9.544%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:9.544%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:9.244%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:0.549%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.944%"><br>
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            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
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            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
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            <td style="width:8.944%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:8.944%"><br>
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            <td style="width:0.1%"><br>
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            <td style="width:0.549%"><br>
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            <td style="width:1.0%"><br>
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            <td style="width:8.505%"><br>
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            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Premium and annuity considerations</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">162&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">158&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">154&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net investment
                income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">140&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">123&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ceded reinsurance reserve and expense
                adjustments</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14.3)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">310&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">289&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7.3&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.9&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Benefits and
                other expenses:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder benefits and surrenders</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">98&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">91&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                aggregate reserves</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">311&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">167&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">134&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">144&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">General and administrative and commission</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">92.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.9)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net transfers to
                separate accounts</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total benefits and other expenses</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">459&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">289&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">251&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">170&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58.8&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15.1&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pretax income
                (loss)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(149)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(149)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NM*</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(22)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(100.0)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax expense (benefit)</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(310)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">65&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(310)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NM*</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(65)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(100.0)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net realized
                capital gain (loss)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NM*</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net income (loss)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(43)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">163&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,150.0&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">95.3&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in unrealized capital gain (loss)</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(60.0)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(600.0)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other change in
                capital &amp; surplus</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(50.0)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">200.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net change in capital &amp; surplus</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">154&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(44)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">159&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,180.0&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">39&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">88.6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">*Not meaningful</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 13 of 22</font></div>
      </div>
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    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Selected Operating Performance Measures</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="zed7a14411d6f40259493326ade906abf" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.809%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:22.996%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.484%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.743%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.553%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:7.487%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Legacy Products</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="margin-bottom:2pt;padding-left:20.25pt;padding-right:2.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gross premiums written</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">258&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">257&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">254&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">In-force</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,611&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,796&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,993&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(185)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(197)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Gross premium written in the table above are for direct and assumed
        business. Gross premiums written reflect premiums collected on renewal business. There are no new premiums as these are closed blocks of business. Gross premiums written remained relatively consistent in 2021 and 2020 with small movements due to
        assumed premium and policy restatements which occur in the run off of Legacy products. In-force amounts represent gross life insurance within our Special Markets products. The continued decline in in-force volume is attributable to the Legacy
        segment being a closed block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2021</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Compared to</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended
        December&#160;31, 2020 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 144%;">The Legacy segment favorable change in capital and surplus was driven
        increases in reserves that were more than offset by a tax benefit. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income:</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> Net investment income increased driven by growth in LTC reserves on the aging block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: Policyholder benefits and surrenders increased driven by higher paid claims on the LTC block business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in aggregate reserves increased driven by additional LTC premium deficiency reserves in 2021 and unfavorable impacts of higher claim reserve and active life reserves.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Income tax expense (benefit) is driven by the pre-tax items discussed above, and is allocated to operating segments based the the total
        Company's effective rate.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 144%;">Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 144%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 144%; padding-left: 14.5pt;">Change in unrealized capital gain (losses): </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 144%;">Change in unrealized capital losses increased driven </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 144%;">by unrealized losses on Credit Default Swaps. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Year Ended December&#160;31, 2020 Compared to Year Ended December&#160;31, 2019
      </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Legacy segment unfavorable pre-tax income
        was driven by higher reserves driven by the 2020 impacts of additional LTC premium deficiency reserves partially offset by favorable change in net LTC claim reserves. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Net investment income: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net investment income increase driven by the growth in LTC reserves on the aging block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Benefits and Other Expenses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Policyholder benefits and surrenders</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Policyholder benefits and
        surrenders increased driven by higher paid claims on the LTC block of business.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Change in aggregate reserves: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Change in aggregate reserves increased driven by the unfavorable impact due to the additional premium deficiency
        reserve in 2020 and unfavorable impact of higher change in active life reserves. This was partially offset by the favorable impact of net change in claims reserves. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Income tax expense (benefit)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">: </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Income tax expense (benefit)
        is driven by a pre-tax items discussed above, and a minimal effective federal tax rate.</font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 14 of 22</font></div>
      </div>
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    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Dividends</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="zdee64b800b364601a219a72bc086f8f5" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.107%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:22.924%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.110%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.116%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Year ended December&#160;31,</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase
                (decrease) and % change</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021 - 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020 - 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital and Surplus:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 15.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends to parent</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(900)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(750)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(325)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(150)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120.0&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(425)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(230.8)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">We are required to meet minimum statutory capital and surplus
        requirements. Our statutory capital and surplus as of December&#160;31, 2021 and 2020, were in compliance with these requirements. The maximum amount of ordinary dividends that can be paid by Minnesota insurance companies to the stockholder without
        prior approval of the Department is subject to restrictions relating to statutory earned surplus, also known as unassigned funds. Unassigned funds are determined in accordance with the accounting procedures and practices governing preparation of
        the statutory annual statement. In accordance with Minnesota Statutes, the Company may declare and pay from its Unassigned surplus cash dividends of not more than the greater of 10% of its prior year-end statutory surplus, or the net gain from
        operations of the insurer, not including realized gains, for the 12-month period ending the 31st day of the next preceding year. Based on these limitations, ordinary dividends of $1,070 can be paid in 2022 without prior approval of the Commissioner
        of Commerce.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Financial Condition</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Investment Strategy</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Our investment strategy focuses on
        diversification by asset class. We seek to achieve economic diversification, while reducing overall credit and liquidity risks. We attempt to mitigate these credit and liquidity risks by adhering to investment policies that provide portfolio
        diversification on an asset class, creditor, and industry basis, and by complying with investment limitations governed by state insurance laws and regulations, as applicable. We also consider all relevant objective information available in
        estimating the cash flows related to structured securities. We actively monitor and manage exposures, and determine whether any securities are impaired. The aggregate credit risk taken in the investment portfolio is influenced by our risk/return
        preferences, the economic and credit environment, and the ability to manage this risk through liability portfolio management. We also have an asset-liability management strategy to align cash flows and duration of the investment portfolio with
        contractholder liability cash flows and duration. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table presents the investment portfolio at December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt;padding-left:2.25pt">
      <table id="z2a4f8af4f10448cfb00b12c453225597" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.255%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:36.831%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.892%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.742%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.892%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.549%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.896%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,817&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76.4&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,088&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79.1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">303&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment in
                subsidiaries</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,477&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,329&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage loans on real
                estate</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,154&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,634&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash
                equivalents</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,215&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">910&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy loans</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">267&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">255&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative assets</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,682&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,114&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other invested assets</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,834&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,556&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash and
                invested assets</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122,829&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,229&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Bonds</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Refer to Note 5 of the audited Statutory Financial Statements for
        information regarding the nature of our portfolio of bonds securities. The tables below set forth the amortized cost of the NAIC Securities Valuation Office quality ratings for the Company's bond securities portfolio at December&#160;31, 2021 and 2020.
      </font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 15 of 22</font></div>
      </div>
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    </div>
    <div style="margin-bottom:1pt;margin-top:6pt">
      <table id="z924437507ed54ef59a6fea2dad48dd1d" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.851%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:37.052%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.804%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized Cost</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,937&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.5&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,287&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.7&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,792&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,053&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment
                grade</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101,729&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.4&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91,340&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97.4&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,470&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.4&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,242&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.4&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">187&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">208&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Below
                investment grade</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,684&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,477&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,413&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,817&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="z1472fbabf0244f24b0f3bfabfb032570" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.851%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:37.052%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.803%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.804%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized Cost</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,466&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.7&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,379&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.9&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47,679&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,472&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment
                grade</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">112,145&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96.9&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,851&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96.8&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,323&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.9&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,982&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.0&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">221&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">232&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Below
                investment grade</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,565&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,237&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.2&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">115,710&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,088&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Sub-prime and Alt-A Mortgage Exposure</font></div>
    <div style="text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Sub-prime lending is the origination of loans to customers with weaker credit profiles. Due to the high
        quality of our mortgage-backed securities, and the lack of sub-prime loans in the securities, we do not have a material exposure to sub-prime or Alt-A mortgages in those holdings. Alt-A loans are defined as any security backed by residential
        mortgage collateral which is not clearly identifiable as prime or sub-prime.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Commercial Mortgage-backed, Asset-backed, and
        Residential Mortgage-backed Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Commercial mortgage-backed securities (CMBS) represent pools of
        commercial mortgages that are broadly diversified across property types and geographical areas. The following table summarizes our exposure to CMBS holdings by NAIC classes and vintage year as of December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="zf4de7cba12884a8cbb3a02bf2462eaaa" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total CMBS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,725&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">597&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">365&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,426&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,405&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,936&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,729&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,729&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 16 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="z90f6ac21e192487ead761100fe3e9c19" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total CMBS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,234&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99.5&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">335&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,607&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,845&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,627&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2016 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,883&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,297&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,297&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Asset backed security (ABS) holdings consist primarily of aircraft
        leases, credit card receivables and other asset-backed securities that meet specific criteria, such as credit quality, insurance requirements, or limits on these types of investments. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table summarizes our exposure to other ABS holdings by
        NAIC classes and vintage year as of December&#160;31: </font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z2ce148dee14447b2ba73a1c267f2b201" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total other
                ABS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,823&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,600&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55.3&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,470&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">610&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">583&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">903&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">818&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,514&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,514&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="z37bfc70f7b9649beb164831403b9f652" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total other
                ABS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,883&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70.6&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">758&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18.6&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">976&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,264&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,094&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">134&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">302&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2016 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">667&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,085&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,085&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Non-agency residential mortgage-backed securities (NA RMBS) are backed by pools of
        residential mortgage loans made to non-prime borrowers, diversified across geographies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table summarizes our exposure to NA RMBS holdings by
        NAIC classes and vintage year as of December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z65dd76121a8d4cb38deb4b3ea123f200" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total NA RMBS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96.3&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 17 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="zd5d44a2b8fe74a149d0c3b8c4ed6380b" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.399%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.547%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="24"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">NAIC Classes</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of total NA RMBS</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Vintage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">222&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95.3&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2019</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2018</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2017</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2016 and prior</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized investment losses of bonds, for investment grade (NAIC
        classes 1-2) and below investment grade (NAIC classes 3-6) securities by duration are as follows at December&#160;31: </font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="za5e5b3a6eaa24e9ea32ea49fa9892dcd" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.138%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.784%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Grade</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Below Investment
                Grade</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Twelve months or less
                below carrying value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">239&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66.1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.9&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">More than twelve months
                below carrying value</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.1&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">318&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="z5668bac3152f48b58282aa929f836291" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.138%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.784%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Grade</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Below Investment
                Grade</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Twelve months or less
                below carrying value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">58.8&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27.6&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">More than twelve months
                below carrying value</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68.1&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.9&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 5 of the audited Statutory Financial Statements for
        additional disclosures in regards to unrealized investment losses of bonds. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other-than-temporary impairments, by market sector, for impairments
        included in the Statutory Statements of Operations, were as follows at December&#160;31: </font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="ze049c96b03e54cd3b79ee1df06c79b3b" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.138%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.784%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Impairment</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">No. of Securities</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Impairment</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">No. of Securities</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Partnerships</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commercial mortgage
                loans</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate securities</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">254&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">289&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Refer to Note 6 of the audited Statutory Financial Statements for
        information regarding the fair value and fair value hierarchy level of our financial instruments. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Mortgage Loans on Real Estate</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 5 of the audited Statutory Financial Statements and Schedules
        for information regarding Mortgage Loans on Real Estate.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Loan-to-value (LTV) and debt service coverage (DSC) ratios are common
        measurements used to assess the risk and quality of mortgage loans. The LTV ratio, calculated at the time of origination, is the percentage of the loan amount relative to the value of the underlying property. The DSC ratio, based upon the most
        recently received financial statements from the debtor, is calculated as the amount of the property&#8217;s net income divided by the debt service payments.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 5 of the audited Statutory Financial Statements for
        additional information relating to LTV and DSC ratios.</font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 18 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Properties collateralizing mortgage loans are geographically dispersed
        throughout the United States as follows at December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="z9b09d47cf0dc44e7a26a09d7631cddaa" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.885%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.825%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.828%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commerical Mortgage
                Loans by region</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">East North
                Central</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,442&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,244&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">East South
                Central</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">399&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">375&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Middle
                Atlantic</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,352&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,249&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,539&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,506&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">New England</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">678&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">652&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pacific</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,493&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,258&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">South
                Atlantic</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,520&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,599&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24.2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West North
                Central</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">887&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">674&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West South
                Central</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,438&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,314&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                commercial mortgage loans</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,748&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,871&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify">
      <table id="z47eddaa6e281471d956382e1f89f119c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.885%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.825%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.828%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Residential Mortgage
                Loans by region</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">East North
                Central</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">East South
                Central</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Middle
                Atlantic</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mountain</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">New England</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pacific</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">543&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">394&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">South
                Atlantic</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">211&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West North
                Central</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">West South
                Central</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                residential mortgage loans</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,406&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">763&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Properties collateralizing commercial mortgage loans are diversified
        by property type are as follows at December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="zb7fd4b8758e74220ba77d57e6f9ad6d5" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:26.810%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.362%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.546%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.366%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross Carry Value</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">% of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage loans by
                property type</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Industrial</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,985&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,182&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Retail</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,549&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,765&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Office</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,927&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,771&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Apartments</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,287&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,153&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,748&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,871&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Liquidity and Capital Resources</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Overview</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s liquidity requirements are generally met through funds
        provided by investment income, receipt of insurance premiums, M&amp;E fees and benefit rider income, maturities and sales of investments, reinsurance recoveries, and capital contributions from Allianz SE, as needed.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has access to funding through securities lending under
        which the Company lends bonds and receives cash collateral and short term securities in an amount in excess of the fair value of the securities loaned. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is a member of the Federal Home Loan Bank (FHLB) of Des
        Moines, which provides access to collateralized borrowings.&#160; Funding from the FHLB is collateralized with bonds from the Company&#8217;s general account investment portfolio. </font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 19 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reinsurance may play a key role in funding the Company&#8217;s continued
        growth, and may be utilized for any product for which there is significant uncertainty related to future claims experience. Moreover, the Company is generally risk adverse for its smaller lines of business, and predictability of future
        profitability takes precedence over retaining a large percentage of risk. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company does not utilize the capital markets as a source of
        capital. Should the need for capital arise, the Company may obtain capital contributions from Allianz SE as an alternative source of funding. If capital infusions are deemed necessary, the Company obtains prior approval by the Department, as
        appropriate.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The primary uses of funds are policy benefits, commissions, other
        product-related acquisition costs, investment purchases, operating expenses, and dividends to AZOA. The Company routinely reviews its sources and uses of funds in order to meet its ongoing obligations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Financial Ratings and Strength</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.85pt;">Standard &amp; Poor&#8217;s&#160;&#160;&#160;&#160;AA (Very Strong)</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">Moody&#8217;s&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A1 (Good)</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">AM Best&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A+ (Superior)</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Financial strength ratings are based upon an independent review of the
        Company, its ultimate parent (Allianz SE), subsidiaries, and the industry in which the Company operates. Each rating agency assigns ratings based on an independent review and takes into account a variety of factors to arrive at its final rating.
        Ratings are subject to change and there can be no assurance that the ratings afforded to the Company in the future will be consistent with historical ratings. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Cash Flows</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table sets forth information from our Statutory
        Statements of Cash Flows for the years ended December&#160;31:</font></div>
    <div style="margin-bottom:6pt;margin-top:11pt">
      <table id="zf93b7c70e9a24bcdab8b855e905f7430" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.107%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:56.407%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.563%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.113%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.550%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.263%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.554%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash (used in)
                provided by operating activities</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,241)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,701&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,511&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by (used in) investing
                activities</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,538&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,240)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">955&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by
                (used in) financing and miscellaneous activities</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,008&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,419)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,524)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net change in cash, cash equivalents,
                and short-term investments</font></td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,305&#160;</font></td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(958)</font></td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">942&#160;</font></td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:1pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">We have the funds necessary to meet the capital requirements of all
        states in which we do business, and to support our operations.</font></div>
    <div style="margin-bottom:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The increase in net cash used in operating activities in 2021 as compared to 2020 is
        primarily due to an increase in benefits and loss-related payments as a result of ceded coinsurance reserves, and higher transfers to separate accounts due to higher variable-indexed premium</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">These impacts were partially offset by an increase in premiums, higher commissions and expenses allowances on reinsurance ceded, and continued growth in investment income due to
        higher invested assets driven by positive cash flows. The increase in net cash provided by operating activities in 2020 as compared to 2019 is primarily due to lower net transfers to separate accounts in 2020 compared to 2019, as a result of the
        one-time transfer in 2019 mentioned below. The decrease was offset by an increase in variable-indexed premiums due to a 2020 sales promotion. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The increase in net cash provided by investing activities in 2021 as
        compared to 2020 is driven by higher net bonds sales as a result of ceded coinsurance assets, and an increase in proceeds from hedging results driven by market impacts, partially offset by net mortgage loans and other investment assets purchased.
        The decrease in the net cash provided by investing activities in 2020 compared to 2019 was driven by transfers of assets from the separate account in 2019 and lower proceeds from hedging results driven by market impacts.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The increase in net cash provided by financing and miscellaneous
        activities in 2021 compared to 2020 is primarily driven by ceding commission on new reinsurance agreements, partially offset by an increase in dividends paid to AZOA in 2021. </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The decrease in net cash used in financing and miscellaneous activities in 2020 compared to 2019 was due to net
        decrease in securities lending payables, partially offset by an increase in dividends to AZOA in 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Risk-Based Capital</font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 20 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">See Note 17 of the audited Statutory Financial Statements for
        information regarding the Risk-Based Capital (RBC). The Company's RBC ratio significantly exceeds required minimum thresholds as of December&#160;31, 2021 and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Commitments &amp; Contingencies</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has guarantees to provide for the maintenance of certain
        subsidiary&#8217;s regulatory capital and surplus levels and has limited partnerships and private placement investments that require a commitment of capital. See Note 21 of the audited Statutory Financial Statements for information regarding commitments
        and contingencies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has mortgage notes payable, see Note 7 of the audited
        Statutory Financial Statements for additional information.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has contractual obligations in the form of Policyholder
        liabilities, see Notes 12 through 14 of the audited Statutory Financial Statements for additional information regarding our annuity and life actuarial reserves, deposit liabilities, and separate accounts. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Off-Balance Sheet Arrangements</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company does not have any off-balance sheet transactions,
        arrangements or other relationships that management believes would be reasonably likely to have a material effect on the Company&#8217;s liquidity or the requirements for capital resources.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes exchange-traded futures to economically hedge
        certain product liabilities. Under this kind of transaction, the Company agrees to purchase a specified number of contracts and settles the variation margin with the counterparty on a daily basis in an amount equal to the change in the market value
        of the underlying contracts from the close of the previous trading day. The parties with whom the Company enters into the exchange-traded futures contracts are regulated futures commission&#8217;s merchants who are members of a trading exchange.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is exposed to credit-related losses in the event of
        non-performance by counterparties under the terms of the futures contracts. The Company minimizes counterparty credit risk by establishing relationships only with counterparties rated BBB+ and higher. Given the credit ratings of the counterparties
        with which the Company transacts, the Company does not expect any counterparties to fail to meet their obligations. The Company has also executed Credit Support Annex (CSA) agreements with all active counterparties and requires a CSA from all new
        counterparties added to the Company&#8217;s counterparty pool. The CSA agreements further limit the Company&#8217;s counterparty credit risk by requiring the counterparty to post collateral to a segregated custodial account based on the net exposure to the
        Company. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As the Company&#8217;s futures transactions are executed through a regulated
        exchange, positions are marked-to-market and settled on a daily basis, and collateral is posted prior to execution of a transaction. The Company has minimal exposure to credit-related losses in the event of non-performance. The Company is required
        to post collateral for any futures, options and swap contracts that are executed. The amount of collateral required is determined by the exchange on which the contract is traded. Refer to Note 5 in the audited Statutory Financial Statements for
        additional information regarding derivative collateral posted. </font></div>
    <div style="height:63pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-top:3pt;text-align:center"><br>
          </div>
        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 21 of 22</font></div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:45pt;width:100%">
      <div><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Item&#160;11(j).</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Quantitative and Qualitative Disclosures about Market Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Market risk is the risk of the loss of fair value resulting from
        adverse changes in market rates and prices, such as interest rates and equity prices. Market risk is directly influenced by the volatility and liquidity in the markets in which the related underlying financial instruments are traded. Refer to Note
        4 of the audited Statutory Financial Statements for additional details on how we mitigate our market exposure risk and our overall risk management practices. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Sensitivity Analysis</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">To assess the impact of changes in interest rate and equity markets,
        we perform sensitivity tests. Sensitivity tests measure the instantaneous impact of a single hypothetical interest rate or equity price change on our income, or fair value of an asset or liability, while holding all other rates or prices constant.
        To assess interest rate risk, we perform a sensitivity test which instantaneously shocks interest rates across all maturities by a hypothetical 50 bps. To assess equity risk, we perform a sensitivity test which instantaneously shocks all equity
        prices by a hypothetical 15%.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Interest Rate Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">One means of assessing exposure to interest rate changes is to measure
        the potential change in the statutory value of an asset due to a hypothetical change in interest rates of 50 bps across all maturities. We noted that under this model, with all other factors remaining constant, a 50 bps increase in interest rates
        would cause our post-tax income to increase by $7 as of December&#160;31, 2021.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">We also examined the impact on post-tax income due to a hypothetical
        decrease in interest rates of 50 bps across all maturities. Under this model, with all other factors being constant, we estimated that such a decline would cause our post-tax income to decrease by $48 as of December&#160;31, 2021. Note that the impacts
        referenced reflect the net of economic hedge impact and does not include economic impact related to our fixed-income investment portfolio or economic changes in reserve calculations.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Equity Market Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">One means of assessing exposure to changes in equity market prices is
        to estimate the potential changes in post-tax income from a hypothetical change in equity market prices of 15%. Under this model, with all other factors constant, we estimated that a decrease in equity market prices would cause our post-tax income
        to decrease by $401, while an increase in equity market prices would cause our post-tax income to increase by $150 based on our equity exposure as of December&#160;31, 2021. Note that the impacts referenced reflect the net of economic hedge impact and
        does not include economic impact related to our fixed-income investment portfolio or economic changes in reserve calculations.</font></div>
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        <div style="margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:144%">Selected Financial Data and Management's Discussion and Analysis</font></div>
        <div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Page 22 of 22</font></div>
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    <div style="margin-bottom:6pt;margin-top:237pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
    <div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%">Statutory Financial Statements</font></div>
    <div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%">December&#160;31, 2021 and 2020</font></div>
    <div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%">(With Report of Independent Auditors Thereon)</font></div>
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    <div style="text-align:center"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 115%;">Report of Independent Auditors</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">To the Board of Directors of Allianz Life Insurance Company of North America</font></div>
    <div><br>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 112%;">Opinions</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">We have audited the accompanying statutory financial statements of Allianz Life Insurance Company of North America (the
        "Company"), which comprise the statutory statements of admitted assets, liabilities, and capital and surplus as of December 31, 2021 and 2020, and the related statutory statements of operations, of capital and surplus, and of cash flow for each of
        the three years in the period ended December 31, 2021, including the related notes (collectively referred to as the "financial statements").</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 112%;">Unmodified Opinion on Statutory Basis of Accounting</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">In our opinion, the accompanying financial statements present fairly, in all material respects, the admitted assets, liabilities
        and capital and surplus of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2021, in accordance with the accounting practices prescribed
        or permitted by the Minnesota Department of Commerce Insurance Division described in Note 2.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 112%;">Adverse Opinion on U.S. Generally Accepted Accounting Principles</font></div>
    <div><br>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted
        Accounting Principles section of our report, the accompanying financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company as of
        December 31, 2021 and 2020, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2021.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 112%;">Basis for Opinions</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our
        responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical
        responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.</font></div>
    <div><br>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 112%;">Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles</font></div>
    <div><br>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">As described in Note 2 to the financial statements, the financial statements are prepared by the Company on the basis of the
        accounting practices prescribed or permitted by the Minnesota Department of Commerce Insurance Division, which is a basis of accounting other than accounting principles generally accepted in the United States of America.</font></div>
    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">The effects on the financial statements of the variances between the statutory basis of accounting described in Note 2 and
        accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material.</font></div>
    <div><br>
      </div>
    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 112%;">Responsibilities of Management for the Financial Statements</font></div>
    <div><br>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting
        practices prescribed or permitted by the Minnesota Department of Commerce Insurance Division. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of
        financial statements that are free from material misstatement, whether due to fraud or error.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in
        the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the financial statements are available to be issued.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 112%;">Auditors' Responsibilities for the Audit of the Financial Statements</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
        misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in
        accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
        intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a
        reasonable user based on the financial statements. </font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">In performing an audit in accordance with US GAAS, we:</font></div>
    <div style="padding-left:36pt;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">a.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%; padding-left: 11.07pt;">Exercise professional judgment and maintain professional skepticism throughout the audit.</font></div>
    <div style="padding-left:36pt;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">b.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%; padding-left: 10.5pt;">Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures
        responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.</font></div>
    <div style="padding-left:36pt;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">c.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%; padding-left: 11.07pt;">Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the
        purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.</font></div>
    <div style="padding-left:36pt;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">d.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%; padding-left: 10.5pt;">Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the
        overall presentation of the financial statements.</font></div>
    <div style="padding-left:36pt;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">e.</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%; padding-left: 11.07pt;">Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to
        continue as a going concern for a reasonable period of time.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of
        the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">/s/PricewaterhouseCoopers LLP</font></div>
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    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">Minneapolis, Minnesota</font></div>
    <div><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 112%;">April 4, 2022</font></div>
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      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">December&#160;31, 2021 and 2020</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data)</font></div>
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            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
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            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
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                assets:</font></td>
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            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93,817&#160;</font></td>
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            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,088&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">303&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">274&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment
                in subsidiaries</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,477&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,329&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage
                loans on real estate</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,154&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,634&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Real estate</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash, cash
                equivalents and short-term investments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,215&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">910&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy loans</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">267&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">255&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,682&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,114&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other
                invested assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,834&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,556&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash and
                invested assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122,829&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,229&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment income due
                and accrued</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">947&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current federal and
                foreign income tax recoverable</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax asset, net</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">487&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">993&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">745&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Admitted
                assets, exclusive of separate account assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125,256&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127,487&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate account assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total admitted
                assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,535&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,388&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><br>
      </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z379f89a1211f4170818066e4e64bce00" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">December&#160;31, 2021 and 2020</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data)</font></div>
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="z620c3f1d367d460e850f97fea181a7ac" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.851%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:57.767%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:4.414%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.336%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.338%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Liabilities and Capital and Surplus</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholder
                liabilities:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life
                policies and annuity contracts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96,980&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,549&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accident and
                health policies</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,227&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,912&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposit-type
                contracts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,577&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,749&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life policy
                and contract claims</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accident and
                health policy and contract claims</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other
                policyholder funds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">117&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                policyholder liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">103,933&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,353&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest maintenance
                reserve</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">267&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General expenses due and
                accrued</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">245&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">157&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due from separate
                accounts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(635)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(294)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current income taxes
                payable</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">482&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrowed money</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,001&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,501&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Asset valuation reserve</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,148&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">983&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,023&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,262&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,087&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,811&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Liabilities,
                exclusive of separate account liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,551&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,826&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate account
                liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162,830&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165,727&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Capital and surplus:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A,
                Series A preferred stock, $1 par value. Authorized, issued, and outstanding, 8,909,195 shares; liquidation preference of $4 and $3 at December 31, 2021 and 2020, respectively</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A, Series B preferred stock, $1
                par value. Authorized, 10,000,000 shares; issued and outstanding, 9,994,289 shares; liquidation preference of $5 and $4 at December 31, 2021 and 2020, respectively</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common
                stock, $1 par value. Authorized, 40,000,000 shares; issued and outstanding, 20,000,001 shares at December 31, 2021 and 2020, respectively</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional paid-in capital</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,676&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,676&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Special
                surplus funds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,437)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,844)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unassigned
                surplus</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,427&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,790&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total capital
                and surplus</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,705&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,661&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                liabilities and capital and surplus</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,535&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,388&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">See accompanying notes
                to statutory financial statements.</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z63de3ad696e549e88558047156bc206d" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Statutory Statements of Operations</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Years ended December&#160;31, 2021, 2020, and 2019</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions)</font></div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="zcc73e69e5e4649c084fda5d213f42512" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:49.792%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:2.776%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.544%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.780%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.544%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.784%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premiums and
                annuity considerations</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,125&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,346&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,805&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Consideration
                for supplementary contracts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">166&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">196&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">224&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net
                investment income</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,866&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,864&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,839&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commissions
                and expense allowances on reinsurance ceded</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,093&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">338&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve
                adjustments related to reinsurance ceded</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(454)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fees from
                separate accounts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">574&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">567&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">613&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">694&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total income</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,338&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,622&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,797&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Benefits and other
                expenses:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policyholder
                benefits</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,076&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,926&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,809&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Surrenders</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,800&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,417&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,559&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                aggregate reserves and deposit funds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,316&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,465&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,034&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commissions
                and other agent compensation</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,480&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,139&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,284&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and
                administrative expenses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">715&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">600&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">594&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net
                transfers to separate accounts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,424&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,460&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,254&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total benefits
                and other expenses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,811&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,007&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,534&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 46pt;text-align:left;text-indent:-9pt;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income from operations before federal income taxes and net realized capital gain</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">527&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">615&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">263&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,091&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">773&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 46pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net (loss)
                income from operations before net realized capital gain</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(564)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">597&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(510)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net realized
                capital gain, net of taxes and interest maintenance reserve</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,856&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,292&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">739&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">543&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">See accompanying notes
                to statutory financial statements.</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><br>
      </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z6ef450b544e044299ebacd0bb88c8d79" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Statutory Statements of Capital and Surplus</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Years ended December&#160;31, 2021, 2020, and 2019</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions)</font></div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="zb8e978667d5a45bfa81948fa9052fa33" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:51.648%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.434%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.610%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.542%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.610%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.542%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.614%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Capital and
                surplus at beginning of year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,661&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,954&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,576&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change due
                to correction of accounting error (Note 3)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                reserve on account of change in valuation basis (Note 3)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted
                balance at beginning of year</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,701&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,953&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,576&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net income</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,292&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">739&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">543&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                unrealized capital (loss) gain</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(142)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(61)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">719&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                net deferred income tax</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">215&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                asset valuation reserve</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(165)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(88)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(131)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends
                paid to parent</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(900)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(750)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(325)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in
                unamortized gain on reinsurance transactions</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,737&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(162)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other
                changes in capital and surplus</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(33)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Capital and
                surplus at end of year</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,705&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,661&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,954&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">See accompanying notes
                to statutory financial statements.</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><br>
      </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z9a328195722f4774b0a4b090c03bb7e2" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><br>
        </div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Statutory Statements of Cash Flow</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Years ended December&#160;31, 2021, 2020, and 2019</font></div>
      <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt">
      <table id="za0af619f98a64bb2b62c01522d883f15" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.851%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:60.897%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.822%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.822%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.545%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.824%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flow from operating
                activities:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Premiums and
                annuity considerations, net</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,291&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,543&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,030&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net
                investment income</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,069&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,990&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Commissions
                and expense allowances on reinsurance ceded</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">385&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fees from
                separate accounts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">574&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">567&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">613&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">256&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">217&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash provided by
                operating activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,575&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,353&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,800&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Benefits and
                expenses paid:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Benefit and
                loss-related payments</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,238&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,513&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,469&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net transfers
                to separate accounts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,766&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,128&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,534&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Commissions,
                expenses paid, and aggregate write-ins for deductions</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,119&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,727&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,881&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax
                paid, net</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">709&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">290&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">338&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(16)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">67&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash used in
                operating activities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,816&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,652&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,289&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash (used
                in) provided by operating activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,241)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,701&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,511&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flow from investing
                activities:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from
                investments sold, matured or repaid:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,622&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,935&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,892&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">282&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">147&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">113&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mortgage
                loans</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,806&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,024&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,356&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other
                invested assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Derivatives</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,213&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">861&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,429&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miscellaneous
                proceeds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,572&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash provided by
                investing activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,042&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,029&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,394&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cost of
                investments acquired:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,350&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,885&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,976&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">292&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">230&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">145&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mortgage
                loans</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,347&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,482&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,283&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Real estate</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other
                invested assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">408&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">156&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">192&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miscellaneous
                applications</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">485&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">812&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash used in
                investing activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,492&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,248&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,419&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net increase
                in policy loans and premium notes</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash
                provided by (used in) investing activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,538&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,240)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">955&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flow from financing
                and miscellaneous activities:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                borrowed money</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Payments on
                deposit-type contracts and other insurance liabilities, net of deposits</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,264)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,290)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,333)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends
                paid to parent</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(900)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(750)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(325)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other cash
                provided (used) </font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,672&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">121&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(366)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net cash
                provided by (used in) financing and miscellaneous activities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,008&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,419)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,524)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net change in
                cash, cash equivalents, and short-term investments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,305&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(958)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">942&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash, cash equivalents,
                and short-term investments:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Beginning of
                year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">910&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,868&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">926&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">End of year</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,215&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">910&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,868&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">See accompanying notes to
                statutory financial statements.</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z41fb8467aad8426caf5d1ca2b94cbe9c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7 of 67</font></div>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(1)&#160;&#160;&#160;&#160;Organization and Nature of Operations</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Allianz Life Insurance Company of North America (the
        Company) is a wholly-owned subsidiary of Allianz of America, Inc. (AZOA or parent company), which is a wholly-owned subsidiary of Allianz Europe, B.V. Allianz Europe, B.V. is a wholly-owned subsidiary of Allianz SE. Allianz SE is a European company
        registered in Munich, Germany, and is the Company&#8217;s ultimate parent. The Company has a wholly-owned life insurance company subsidiary, Allianz Life Insurance Company of New York (AZNY). The Company also wholly owns a captive reinsurer, Allianz Life
        Insurance Company of Missouri (AZMO). </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is a life insurance company licensed to
        sell annuity, group and individual life, and group and individual accident and health policies in the United States, Canada, and several U.S.&#160;territories. Based on statutory net premium written, the Company's business is predominately annuity. The
        annuity business consists of fixed-indexed, variable-indexed, variable, and fixed annuities. The life business consists of both individual and group life. Life business includes products with guaranteed premiums and benefits and consists
        principally of fixed-indexed universal life policies and closed blocks of universal life policies, term insurance policies, and limited payment contracts. Accident and health business is primarily comprised of closed blocks of long-term care (LTC)
        insurance. The Company&#8217;s primary distribution channels are through independent agents, broker-dealers, banks, and third-party marketing organizations.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">After evaluating the Company&#8217;s ability to continue
        as a going concern, management is not aware of any conditions or events which raise substantial doubt concerning the Company&#8217;s ability to continue as a going concern as of the date of filing these Statutory Financial Statements. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(2)&#160;&#160;&#160;&#160;Summary of Significant Accounting Policies</font></div>
    <div style="margin-bottom:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Basis of Presentation</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Statutory Financial Statements have been
        prepared in accordance with accounting practices prescribed or permitted by the Minnesota Department of Commerce (the&#160;Department). The Department recognizes statutory accounting practices prescribed or permitted by the state of Minnesota for
        determining and reporting the financial condition and results of operations of an insurance company and its solvency under Minnesota insurance law. The state of Minnesota has adopted the National Association of Insurance Commissioners (NAIC) </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Accounting Practices and Procedures Manual</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> as its prescribed basis of statutory accounting principles (SAP), without significant modification. The Company has no material statutory accounting practices that differ from
        those of the Department or NAIC SAP. These practices differ in some respects from accounting principles generally accepted in the United States of America (U.S. GAAP). The effects of these differences, while not quantified, are presumed to be
        material to the Statutory Financial Statements. The more significant of these differences are as follows: </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(1)&#160;&#160;&#160;&#160;Acquisition costs, such as
        commissions and other costs incurred in connection with acquiring new and renewal business, are charged to current operations as incurred. Under U.S. GAAP, acquisition costs that are directly related to the successful acquisition of insurance
        contracts are capitalized and charged to operations as the corresponding revenues or future profits are recognized.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(2)&#160;&#160;&#160;&#160;Aggregate reserves for life
        policies and annuity contracts, excluding variable annuities, are based on statutory mortality and interest assumptions without consideration for lapses or withdrawals. Under U.S. GAAP, aggregate reserves consider lapses and withdrawals.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(3)&#160;&#160;&#160;&#160;Certain reinsurance
        transactions, primarily used for annuity business, are recognized as reinsurance for statutory purposes only. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(4)&#160;&#160;&#160;&#160;Ceded reinsurance
        recoverable are netted against their related reserves within Policyholder liabilities, Life policies and annuity contracts and Life policy and contract claims, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
        Under U.S. GAAP, these ceded reserves are presented on a gross basis as an asset.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zfb5e29c98ea646bc828d8e83aacb2c91" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8 of 67</font></div>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(5)&#160;&#160;&#160;&#160;The Company reinsures a
        portion of its in-force block of business through several reinsurance agreements. Under NAIC SAP, the after-tax gains associated with these indemnity reinsurance transactions are recorded in Unassigned surplus and recognized through income as
        future earnings of the books of business emerge. Under U.S. GAAP, the pretax gains associated with such transactions that qualify as reinsurance, are deferred as liabilities and are amortized into operations over the revenue-producing period of the
        policies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(6)&#160;&#160;&#160;&#160;Bonds are carried at values
        prescribed by the NAIC, generally amortized cost, except for those with an NAIC rating of 6, which are reported at the lower of amortized cost or fair value. Under U.S. GAAP, bonds classified as &#8220;available-for-sale&#8221; are carried at fair value, with
        unrealized gains and losses recorded in stockholder&#8217;s equity.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (7)&#160;&#160;&#160;&#160;Changes in deferred income
        taxes are recorded directly to Unassigned surplus. Under U.S. GAAP, these items are recorded as an item of income tax benefit or expense in operations. Moreover, under NAIC SAP, a valuation allowance may be recorded against the deferred tax asset
        (DTA) and admittance testing may result in an additional charge to capital and surplus for nonadmitted portions of DTAs. Under U.S. GAAP, a valuation allowance may be recorded against the DTA and reflected as an expense.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(8)&#160;&#160;&#160;&#160;Investments in subsidiaries
        are carried at net equity values as prescribed by the NAIC. Changes in equity values are reflected in Unassigned surplus within the Statutory Statements of Capital and Surplus as credits or charges to Unassigned surplus. Under U.S. GAAP, wholly
        owned subsidiary results are consolidated.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(9)&#160;&#160;&#160;&#160;The Company is required to
        establish an asset valuation reserve (AVR) liability and an interest maintenance reserve (IMR) liability. The AVR provides for a standardized statutory investment valuation reserve for certain invested assets. Changes in this reserve are recorded
        as direct charges or credits to Unassigned surplus. The IMR is designed to defer net realized capital gains and losses resulting from changes in the level of prevailing market interest rates and amortize them into income within the Statutory
        Statements of Operations over the remaining life of the investment sold. The IMR represents the unamortized portion of applicable investment gains and losses as of the balance sheet date. There is no such concept under U.S. GAAP.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(10)&#160;&#160;&#160;&#160;Canadian asset and
        liability amounts are expressed in Canadian dollars without foreign exchange translation into U.S.&#160;dollars. A net foreign currency translation adjustment is recorded within the Statutory Statements of Admitted Assets, Liabilities, and Capital and
        Surplus with an offset to Other changes in capital and surplus within the Statutory Statements of Capital and Surplus. Under U.S. GAAP, Canadian assets and liabilities are converted to U.S.&#160;dollars, with any translation adjustment recorded to
        stockholder&#8217;s equity.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(11)&#160;&#160;&#160;&#160;Certain assets designated
        as &#8220;nonadmitted assets&#8221; are not recognized and are charged directly to Unassigned surplus within the Statutory Statements of Capital and Surplus. These include, but are not limited to, investments in unaudited subsidiary, controlled, and affiliated
        (SCA) entities, electronic data processing (EDP) software, portions of goodwill, furniture and fixtures, prepaid expenses, receivables outstanding greater than 90&#160;days, and portions of DTAs. There is no such concept under U.S. GAAP. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(12)&#160;&#160;&#160;&#160;A provision is made for
        amounts ceded to unauthorized reinsurers in excess of collateral in the form of a trust or letter of credit through a direct charge to Unassigned surplus within the Statutory Statements of Capital and Surplus. There is no such requirement under
        U.S. GAAP.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(13)&#160;&#160;&#160;&#160;Revenues for universal
        life policies and annuity contracts, excluding deposit-type contracts, are recognized as revenue when received within the Statutory Statements of Operations. Under U.S. GAAP, policy and contract fees charged for the cost of insurance, policy
        administrative charges, amortization of policy initiation fees, and surrender contract charges are recorded as revenues when earned.</font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(14)&#160;&#160;&#160;&#160;Benefits for universal
        life policies and annuity contracts within the Statutory Statements of Operations, excluding deposit-type contracts, consist of payments made to policyholders. Under U.S. GAAP, benefits represent interest credited, and claims and benefits incurred
        in excess of the policyholder&#8217;s contract balance.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(15)&#160;&#160;&#160;&#160;Derivatives are reported
        at fair value in accordance with SSAP No. 86, Derivatives (SSAP No. 86) and SSAP No. 108, Derivatives Hedging Variable Annuity Guarantees (SSAP No. 108). See additional information in section (k) of this note and note 5. Changes in the fair value
        of derivatives, except those reported under SSAP No. 108, are recorded as direct adjustments to Unassigned surplus as a component of Change in unrealized capital gains (losses) within the Statutory Statements of Capital and Surplus. For derivatives
        reported under SSAP No. 108, changes in fair value are recognized as net deferred assets or liabilities within Other assets or Other liabilities, respectively, in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus,
        for fluctuations in fair value that do not offset the changes in the hedged item. The deferred asset or liability is amortized over the timeframe required under SSAP No. 108. Under U.S. GAAP, changes in the fair value of derivatives are recorded in
        derivative income (loss) as part of operating income and the hedged derivatives are carried at fair value. In addition, the effective and ineffective portions of a hedge are accounted for separately.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(16)&#160;&#160;&#160;&#160;Commissions allowed by
        reinsurers on business ceded are reported as income when received within the Statutory Statements of Operations. Under U.S. GAAP, such commissions are deferred and amortized as a component of deferred acquisition costs to the extent
        recoverable.&#160;&#160;&#160;&#160;</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(17)&#160;&#160;&#160;&#160;The Statutory Financial
        Statements do not include a statement of comprehensive income as required under U.S. GAAP.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(18)&#160;&#160;&#160;&#160;The Statutory Statements
        of Cash Flow do not classify cash flows consistent with U.S. GAAP and a reconciliation of net income to net cash provided from operating activities is not provided.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(19)&#160;&#160;&#160;&#160;The calculation of
        reserves and transfers in the separate account statement requires the use of a Commissioners Annuity Reserve Valuation Method (CARVM) allowance on annuities for NAIC SAP. There is no such requirement under U.S. GAAP.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(20)&#160;&#160;&#160;&#160;Sales inducements and
        premium bonuses are included in Life policies and annuity contracts in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, and are charged to current operations as incurred. Under U.S. GAAP, deferred sales inducements
        and premium bonuses are similarly reserved; however, the costs are capitalized as assets and charged to operations as future profits are recognized in a manner similar to acquisition costs.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(21)&#160;&#160;&#160;&#160;Negative cash balances are
        presented as a negative asset within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. These balances are presented as a liability under U.S. GAAP.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(22)&#160;&#160;&#160;&#160;Embedded derivatives are
        not separated from the host contract and accounted for separately as a derivative instrument. Under U.S. GAAP, entities must separate the embedded derivative from the host contracts and separately account for those embedded derivatives at fair
        value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:81pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(23)&#160;&#160;&#160;&#160;For certain annuity
        products with a market value adjustment feature sold to Minnesota residents (MN MVA) and variable-indexed annuities, the Department requires the Company to maintain a separate asset portfolio to back related reserves. These assets and liabilities
        are required to be included as part of the Separate account assets and Separate account liabilities presented on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Under U.S. GAAP, there is no such requirement.</font></div>
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        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Permitted and Prescribed Statutory Accounting Practices</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is required to file annual statements
        with insurance regulatory authorities, which are prepared on an accounting basis permitted or prescribed by such authorities. Prescribed statutory accounting practices include state laws, regulations, and general administrative rules, as well as a
        variety of publications of the NAIC. Permitted statutory accounting practices encompass all accounting practices that are not prescribed; such practices differ from state to state, may differ from company to company within a state, and may change
        in the future. The Company has no permitted or prescribed practices that differ from NAIC SAP that had an impact on net income or surplus as of December&#160;31, 2021, 2020, and 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s subsidiary, AZMO, has adopted an
        accounting practice that is prescribed by the Department of Insurance, Financial Institutions, and Professional Registration of the State of Missouri (the Missouri Department). The effect of the accounting practice allows a letter of credit to be
        carried as an admitted asset. The balance of the letter of credit asset at December&#160;31, 2021 and 2020 was $110 and $101, respectively. Under NAIC SAP, this letter of credit would not be allowed as an admitted asset. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">This prescribed practice does not impact the net
        income of AZMO and results in increases to surplus of $110 and $101 as of December&#160;31, 2021 and 2020, respectively. The Company&#8217;s carrying value of its investment in AZMO per the audited statutory surplus was $371 and $350, and the carrying value
        of its investment in AZMO would have been $261 and $249 if AZMO had completed Statutory Financial Statements in accordance with the NAIC SAP as of December&#160;31, 2021 and 2020, respectively. AZMO maintains an adequate amount of surplus such that if
        it had not adopted the prescribed practice, surplus would still exceed the risk-based capital requirements. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Use of Estimates</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The preparation of Statutory Financial Statements in
        conformity with NAIC SAP requires management to make certain estimates and assumptions that affect reported amounts of admitted assets and liabilities, including reporting or disclosure of contingent assets and liabilities as of December&#160;31, 2021
        and 2020, and the reported amounts of revenues and expenses during the reporting period. Future events, including changes in mortality, morbidity, interest rates, capital markets, and asset valuations could cause actual results to differ from the
        estimates used within the Statutory Financial Statements. Such changes in estimates are recorded in the period they are determined. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Premiums and Annuity Considerations</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Life premiums are recognized as income over the
        premium paying period of the related policies. Nondeposit-type annuity considerations are recognized as revenue when received. Accident and health premiums are earned ratably over the terms of the related insurance and reinsurance contracts or
        policies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Aggregate Reserves for Life Policies and Annuity Contracts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reserves are principally calculated as the minimum
        reserves permitted by the state where the contract is issued for the year in which the contract is issued.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For the Company&#8217;s fixed annuity product lines,
        reserves are calculated using CARVM. The Company uses both issue year and change in fund basis for the calculation method, on a curtate basis, using the maximum allowable interest rate. Deferred fixed-interest and fixed-indexed annuities typically
        have a two-tier structure to encourage annuitization, or a single-tier structure, which may include a market value adjustment. Either two-tier or single-tier annuities may include bonuses. </font></div>
    <div style="margin-bottom:6pt;margin-top:3pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For the Company&#8217;s variable and variable-indexed
        annuity product lines, reserves are calculated using VM-21, </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Requirements for Principle-Based Reserves for
        Variable Annuities</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (VM-21), effective January 1, 2020. Variable deferred annuities include a wide range of guaranteed
        minimum death benefits and living benefits (income, accumulation, and withdrawal).</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reserves for immediate annuities are calculated
        using current prescribed mortality tables.</font></div>
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    <hr style="page-break-after:always">
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      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Aggregate reserves for life insurance policies are
        principally calculated using the Commissioners Reserve Valuation Method (CRVM) or VM-20, </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Requirements for
        Principle-Based Reserves for Life Products</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">, depending on the policy's issue date. Additional reserves are held for
        supplemental benefits and for contracts with secondary guarantees, consistent with prescribed regulations and actuarial guidelines. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company performs an annual asset adequacy
        analysis as required by regulation covering substantially all of its reserves. These tests are not only performed under the required interest rate scenarios, but also under additional stochastically generated interest and equity growth scenarios.
        Sensitivity tests, including policy lapse, annuitization, maintenance expenses, and investment return, are performed to evaluate potential insufficiencies in reserve adequacy. The results of these tests and analysis resulted in $0 of additional
        reserves at December&#160;31, 2021 and 2020, respectively. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Aggregate Reserves for Accident and Health Policies</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For accident and health business, reserves consist
        of active life reserves (mainly reserves for unearned premiums and reserves for contingent benefits on individual LTC business) and claim reserves (the&#160;present value of amounts not yet due). Claim reserves represent incurred but unpaid claims under
        group policies. For the LTC business, the asset adequacy analysis was performed through a gross premium valuation. At December&#160;31, 2021 and 2020, the results of these tests and analysis supported the establishment of additional reserves of $329 and
        $151, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(g)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Deposit-type Contracts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Deposit-type contracts represent liabilities to
        policyholders in a payout status, who have chosen a fixed payout option without life contingencies. The premiums and claims related to deposit-type contracts are not reflected in the Statutory Statements of Operations as they do not have insurance
        risk. The Company accounts for the contract as a deposit-type contract in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(h)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Policy and Contract Claims</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Policy and contract claims include the liability for
        claims reported but not yet paid, claims incurred but not yet reported (IBNR), and claim settlement expenses on the Company&#8217;s accident and health business. Actuarial reserve development methods are generally used in the determination of IBNR
        liabilities. In cases of limited experience or lack of credible claims data, loss ratios are used to determine an appropriate IBNR liability. Claim and IBNR liabilities of a short-term nature are not discounted, but those claim liabilities
        resulting from disability income or LTC benefits include interest and mortality discounting.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(i)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Reinsurance</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company assumes and cedes business with other
        insurers. Reinsurance premium and benefits paid or provided are accounted for in a manner consistent with the basis used in accounting for original policies issued and the terms of the reinsurance contracts. Amounts recoverable from reinsurers
        represent account balances and unpaid claims covered under reinsurance contracts. Amounts paid or deemed to have been paid for claims covered by reinsurance contracts are recorded as a reinsurance recoverable and are included in Other assets on the
        Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Included in Unassigned surplus is the gain
        recognized when the Company enters into a coinsurance, modco or yearly renewable term (YRT) agreement on existing business. The gain is deferred and amortized into operations on a basis consistent with how the future earnings emerge on the
        underlying business. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reserve adjustments related to reinsurance ceded in
        the Statutory Statements of Operations include reserve changes received from a reinsurer on modified coinsurance ceded. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(j)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Investments</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Investment values are determined in accordance with
        methods prescribed by the NAIC. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Bonds and Stocks</font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Securities Valuation Office (SVO) of the NAIC
        evaluates the credit quality of the Company&#8217;s bond investments. Bonds rated at &#8220;1&#8221; (highest quality), &#8220;2&#8221; (high quality), &#8220;3&#8221; (medium quality), &#8220;4&#8221; (low quality), or &#8220;5&#8221; (lower quality) are reported at cost adjusted for the amortization of
        premiums, accretion of discounts, and any impairment. Bonds rated at &#8220;6&#8221; (lowest quality) are carried at the lower of amortized cost or fair value with any adjustments to fair value recorded to Unassigned surplus within the Statutory Statements of
        Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In accordance with its investment policy, the
        Company invests primarily in high-grade marketable securities. Dividends are accrued on the date declared and interest is accrued as earned. Premiums or discounts on bonds are amortized using the constant-yield method.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Loan-backed securities and structured securities are
        amortized using anticipated prepayments, in addition to other less significant factors. Prepayment assumptions for loan-backed and structured securities are obtained from various external sources or internal estimates. The Company believes these
        assumptions are consistent with those a market participant would use. The Company recognizes income using the modified scientific method based on prepayment assumptions and the estimated economic life of the securities. For structured securities,
        except for collateralized debt obligations (CDOs) and impaired bonds, when actual prepayments differ significantly from anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future payments
        retrospectively. Any resulting adjustment is included in Net investment income on the Statutory Statements of Operations. For CDOs and impaired bonds, when adjustments are made for anticipated prepayments and other expected changes in future cash
        flows, the effective yield is recalculated using the prospective method as required by Statement of Statutory Accounting Principles (SSAP) No.&#160;43R &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Loan Backed and Structured Securities</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">
        (SSAP No.&#160;43R). </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Hybrid securities are investments structured to have
        characteristics of both stocks and bonds. The Company records these securities within Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Common stocks, other than investments in
        subsidiaries and Federal Home Loan Bank (FHLB) stock, are carried at fair value. Beginning January 1, 2021, preferred stocks are reported at fair value in accordance with SSAP No. 32, Preferred Stock (SSAP No. 32). Prior to this change, preferred
        stocks were reported at the lower of book value or fair value. The related unrealized capital gains (losses) are reported in Unassigned surplus, net of federal income taxes within the Statutory Statements of Capital and Surplus. FHLB stock is
        carried at cost, which approximates fair value. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Gross realized gains and losses are computed based
        on the average amortized cost of all lots held for a particular CUSIP. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of bonds, and common and preferred
        stocks is obtained from third-party pricing sources whenever possible. Management completes its own independent price verification (IPV) process, which ensures security pricing is obtained from a third-party source other than the sources used by
        the Company's internal and external investment managers. The IPV process supports the reasonableness of price overrides and challenges by the internal and external investment managers and reviews pricing for appropriateness. Results of the IPV
        process are reviewed by the Company&#8217;s Pricing Committee.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company reviews its combined investment
        portfolio, including subsidiaries, in aggregate each quarter to determine if declines in fair value are other than temporary. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For bonds for which the fair value is less than
        amortized cost, the Company evaluates whether a credit loss exists by considering primarily the following factors: (a)&#160;the length of time and extent to which the fair value has been less than the amortized cost of the security; (b)&#160;changes in the
        financial condition, credit rating, and near-term prospects of the issuer; (c)&#160;whether the issuer is current on contractually obligated interest and principal payments; (d)&#160;changes in the financial condition of the security&#8217;s underlying collateral,
        if any; and (e)&#160;the payment structure of the security. For loan-backed securities, the Company must allocate other-than-temporary impairments (OTTI) between interest and noninterest-related declines in fair value. Interest-related impairments are
        considered other than temporary when the Company has the intent to sell the investment prior </font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">to recovery of the cost of the investment. The
        Company maintains a prohibited disposal list that restricts the ability of the investment managers to sell securities in a significant unrealized loss position and requires formal attestations from investment managers regarding their lack of intent
        to sell certain securities. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company evaluates whether equity securities are
        other-than-temporarily impaired through a review process which includes, but is not limited to, market analysis, analyzing current events, assessing recent price declines, and management&#8217;s judgment related to the likelihood of recovery within a
        reasonable period of time.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Impairments considered to be other-than-temporary
        are recorded as a reduction of the cost of the security, and a corresponding realized loss is recognized on the Statutory Statements of Operations in the period in which the impairment is determined. Recognition of the realized loss is subject to
        potential offset by AVR and IMR. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company holds certain cash equivalents which
        receive bond treatment based on their underlying securities. These are classified as Other assets receiving bond treatment in Note 5.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Investment in Subsidiaries</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Common stock of the Company&#8217;s insurance subsidiaries
        is carried at SAP capital and surplus, and investments in non-insurance subsidiaries are carried at U.S. GAAP equity value adjusted for certain items that are considered to be non-admitted. Unaudited subsidiaries are fully non-admitted.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Mortgage Loans on Real Estate</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Mortgage loans on real estate, including commercial
        mortgage loans (CMLs) and residential mortgage loans (RMLs), are carried at the outstanding principal balance, adjusted for any impairment. The fair value of CMLs is calculated by analyzing individual loans and assigning ratings to each loan based
        on a combination of loan-to-value ratios and debt service coverage ratios. Fair value is determined based on these factors as well as the contractual cash flows of each loan and the current market interest rates for similar loans. The fair value of
        RMLs is calculated by discounting estimated cash flows, with discount rates based on current market conditions. The Company evaluates loans quarterly to assess whether there is an impairment based on the likelihood of receiving all contractual cash
        flows. The Company accounts for interest income on impaired loans on a cash basis. Interest accrual is discontinued for impaired loans and interest income is only recognized when received. Payments received on impaired loans are applied to accrued
        interest, and payments received in excess of accrued interest are applied to principal. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Real Estate</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Real estate primarily represents the Company&#8217;s home
        office property, and is carried at depreciated cost less encumbrances in accordance with SSAP No. 40 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Real
        Estate Investments</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. Real estate income, including income received from home office property, is included in Net investment
        income on the Statutory Statements of Operations. Real estate, exclusive of land, is depreciated on a straight-line basis over estimated useful lives ranging from 3 to 40&#160;years. At December&#160;31, 2021 and 2020, accumulated depreciation was $79 and
        $74, respectively. Furthermore, as of December&#160;31, 2021 and 2020, real estate was presented net of encumbrances of $31 and $41, respectively, as discussed in Note 7. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company also has real estate classified as held
        for sale that was transferred from RMLs, in the amount of $4 and $0, as of December&#160;31, 2021 and 2020, respectively. Allianz Life intends to sell these properties at market value within 12 months of the transfer dates, and any gain or loss will be
        recognized at the time of sale. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Cash and Cash Equivalents</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Cash and cash equivalents may include cash on hand,
        demand deposits, money market funds, reverse repurchase agreements (repo), and highly liquid debt instruments purchased with an original maturity of three months or less. Due to the short-term nature of these investments, the carrying value is
        deemed to approximate fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In the normal course of business, the Company enters
        into bilateral and tri-party repos, whereby the Company purchases securities and simultaneously agrees to resell the same securities at a stated price on a specified date </font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">in the future, for the purpose of earning a
        specified rate of return. An affiliate of the Company serves as the agent in the bilateral agreements and an unaffiliated bank serves as the custodian in the tri-party agreements. The bilateral agreements require purchases of specifically
        identified securities. If at any time the fair value of those purchased securities falls below the purchase price, additional collateral in the form of cash or additional securities is required to be transferred to ensure margin maintenance. The
        tri-party agreements allow for the purchase of certain bonds and structured securities, and require a minimum of 102% of fair value of the securities purchased to be maintained as collateral.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s repos are accounted for as
        collateralized lending in accordance with SSAP No.&#160;103R &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Transfers and Servicing of Financial Assets and
        Extinguishments of Liabilities</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (SSAP No. 103R), whereby the amounts paid for the securities are reported as cash equivalents
        within Cash and cash equivalents on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The difference between the amount paid and the amount at which the securities will be resold is reported as interest income
        within Net investment income on the Statutory Statements of Operations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Policy Loans</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Policy loans are supported by the underlying cash
        value of the policies. Policy loans are carried at unpaid principal balances plus accrued interest income on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The unpaid principal balances are not in excess of the
        cash surrender values of the related policies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Other Invested Assets</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company participates in securities lending
        arrangements whereby specific securities are loaned to other institutions. The Company receives collateral from these arrangements including cash and cash equivalents, which can be reinvested based on the Company's discretion, and noncash
        collateral, which may not be sold or re-pledged unless the counterparty is in default. The Company accounts for its securities lending transactions as secured borrowings, in which the cash collateral received and the related obligation to return
        the cash collateral are recorded in Other invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Noncash collateral received is not reflected on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. Securities on loan remain on the Company&#8217;s Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, and interest and dividend income earned by the Company on
        loaned securities is recognized in Net investment income on the Statutory Statements of Operations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Company policy requires a minimum of 102% of fair
        value of securities loaned under securities lending agreements to be maintained as collateral.</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> The
        Company's sources of cash used to return cash collateral is dependent upon the liquidity of current market conditions. The Company has policies in place to manage reinvested collateral at appropriate levels of liquidity.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company invests in low income housing tax credit
        (LIHTC) investments for tax benefits. In accordance with SSAP No. 93 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Low Income Housing Tax Credit
        Property Investments</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">, the LIHTC investments are carried at cost and adjusted for amortization based on the proportion of
        total tax credits and other tax benefits expected to be received over the life of the investments. The Company records an asset for the full unfunded investment amount upon entering into a LIHTC agreement; amortization decreases the asset balance
        over time. A corresponding liability is recorded for the unfunded commitment balance beginning when the LIHTC investment is initially funded, which decreases as the Company provides capital to fund. The asset and liability are recorded in Other
        invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The tax benefit is recognized within Income tax expense within the Statutory Statements of Operations. The
        amortization of the investment is recorded as Net investment income and any impairments are included in Net realized capital gain (loss) within the Statutory Statements of Operations.</font></div>
    <div style="margin-bottom:10pt;margin-top:3pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Receivables and payables for securities are carried
        at fair value on the trade date and represent a timing difference on securities that are traded at the balance sheet date but not settled until subsequent to the balance </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z8c2b187dcc4444339ef230c7727b1de0" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:10pt;margin-top:3pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">sheet date. Receivables and payables for securities
        are included in Other invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(k)&#160;&#160;&#160;&#160;Derivatives</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes derivatives within certain
        actively managed investment portfolios for hedging purposes.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Hedge Accounting</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company elects hedge accounting under SSAP No.
        86 and SSAP No. 108 for certain qualifying derivative instruments. To qualify for hedge accounting, at inception, the Company formally documents the risk management objective and strategy for undertaking the hedging transaction. The documentation
        links a specific derivative to a specific asset or liability on the Statutory Statements of Assets, Liabilities, and Capital and Surplus, identifies how the derivative is expected to offset the exposure to changes in the hedged item's fair value or
        variability in cash flows attributable to the designated hedge risk, and the effectiveness testing methods to be used. Hedge effectiveness is formally assessed at inception and on a quarterly basis throughout the life of the designated hedging
        relationships.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Hedge effectiveness is assessed using qualitative
        and quantitative methods. Qualitative methods may include comparison of critical terms of the derivative to the hedged item. Quantitative methods include analysis of changes in fair value or cash flows associated with the hedge relationship. Hedge
        effectiveness may be measured using either the dollar offset method or regression analysis. The dollar offset method compares changes in fair value or cash flows of the hedging instrument with changes in the fair value or cash flows of the hedged
        item attributable to the hedged risk. Regression analysis is a statistical technique used to measure the relationships between the fair values or cash flows of a derivative and a hedged item and how each reacts to changes in the designated hedge
        risk (i.e., interest rates, foreign currency rates). </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">A derivative instrument is either classified as an
        effective hedge or an ineffective hedge. Entities must account for the derivative at fair value if deemed to be ineffective or becomes ineffective. For those derivatives qualifying as effective for hedge accounting under SSAP No. 86, the change in
        the carrying value or cash flow of the derivative shall be recorded consistently with the way that changes in the carrying value or cash flows of the hedged item are recorded. For those derivatives qualifying as effective for hedge accounting under
        SSAP No. 108, the derivative is carried at fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Foreign Currency Swaps</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes foreign currency swaps to hedge
        cash flows and applies hedge accounting. Specifically, the Company uses foreign currency swaps to hedge foreign currency and interest rate fluctuations on certain underlying foreign currency denominated fixed-maturity securities. The foreign
        currency swaps are reported at amortized cost from the date hedge accounting is designated and deemed to be effective, which is consistent with the accounting for the bonds that are the subject of the hedge accounting transactions. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Interest Rate Swaps on Variable
        Annuity Insurance Liabilities </font></div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes interest rate swaps (IRS) to hedge the interest rate risk on
        certain variable annuity</font></div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">guarantee benefits. These are accounted for as a cash flow hedge under SSAP No. 86
        and a fair value hedge under SSAP No. 108.</font></div>
    <div style="padding-left:72pt;text-align:justify"><br>
      </div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Prior to January 1, 2020, the Company had IRS that hedge the interest rate risk on
        certain variable annuity guarantee benefits held at amortized cost in accordance with SSAP No. 86. The initial book value of the IRS represented the book value created from inception until the designation of hedge accounting. These IRS were held at
        amortized cost and changes were recognized to the extent they offset changes in the AG43 reserve for the hedged item due to interest rate movement. The initial book value and subsequent changes due to the hedged item or realized gains or losses
        recorded under hedge accounting (hedge adjustment) are amortized over the duration of the hedge program, approximated by AG43 standard </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="za430da565f044d93a448287656721c53" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">scenario revenues. The carrying value of the IRS with hedge adjustment was recorded
        within Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, with changes in the IRS hedge adjustment recorded within Other Income on the Statutory Statements of Operations. </font></div>
    <div style="padding-left:72pt;text-align:justify"><br>
      </div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 115%;">Effective January 1, 2020, the Company de-designated its previous hedging
        relationship under SSAP No. 86 and simultaneously designated the hedging relationship described above under SSAP No. 108. The remaining balance of the SSAP No. 86 hedge adjustment is recorded within Other liabilities on the Statutory Statements of
        Admitted Assets, Liabilities, and Capital and Surplus, and will be amortized over the life of the former hedge program. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The table below illustrates the hedge adjustment
        calculation under SSAP No. 86:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:36pt">
      <table id="z0520e5dd2ea747a5af109de871fef71f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.435%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:58.653%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.583%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:19.464%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Hedge adjustment balance
                - beginning of year</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">513&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">582&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amount amortized into earnings during the
                year</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(58)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(69)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Hedge adjustment balance
                - end of year</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">455&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">513&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective January 1, 2020, the Company designated
        the hedging relationship described above under SSAP No. 108. The hedged item consists of a portion of the Company's variable annuity block of business minimum benefit guarantees that are sensitive to interest rate movement. The hedged portion of
        the block is determined on a monthly basis based on the percentage of the economic liability being hedged. The related hedging instrument is a portfolio of interest rate swap derivatives which follows a dynamic hedging strategy. Changes in interest
        rates impact the present value of the future product cash flows.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company recognizes a net deferred asset or
        liability within Other assets or Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for fluctuations in fair value that do not offset the changes in the liability. Beginning July 1,
        2021, the Company has elected to amortize the deferred balance that existed as of June 30, 2021 over five years, in accordance with SSAP No. 108, paragraph 14.c. Changes in the deferred balance after July 1, 2021 will be amortized over the
        timeframe required under SSAP No. 108, paragraph 14, which is the Macaulay duration of guarantee benefit cash flows, capped at 10 years.</font></div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The hedge strategy is compliant with VM-21 Clearly Defined Hedge Strategy (CDHS)
        requirements and meets all the criteria to be defined as an effective hedge relationship as required by SSAP No. 108. The Company entered into this hedging relationship effective January 1, 2020 and no changes in hedging strategy have occurred
        since inception. Hedge effectiveness is measured in accordance with SSAP No. 108 on a quarterly basis, both prospectively and retrospectively, and remains highly effective as of December&#160;31, 2021. </font></div>
    <div style="padding-left:72pt"><br>
      </div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In accordance with SSAP No. 108, an amount equal to the net deferred asset and
        deferred liability is allocated from Unassigned funds to Special surplus funds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The following table shows the deferred activity for the year ended December&#160;31,
        2021 and 2020. </font></div>
    <div style="margin-top:9pt;padding-left:72pt">
      <table id="z6328020ca0074e569072ad0911be9827" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:82.582%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:56.354%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.172%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.174%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 2.5pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred
                balance - beginning of year</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,844&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,435&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(240)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(214)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additional amounts
                deferred</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(167)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">623&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net deferred balance - end of year</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,437&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,844&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:9pt;margin-top:4pt;padding-left:72pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 107%;">The net deferred balance will amortize over the next 10 years, as shown
        below:</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z035f7d5fbe6e462d841c002a6ad04ed1" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;padding-left:76.5pt;text-indent:9pt">
      <table id="z6b1aa359a73247938f8320c3ea82386a" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:57.207%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:5.986%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:29.346%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:2.687%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:24.884%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:2.162%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:30.135%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortization year</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Deferred assets</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Deferred liabilities</font></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(189)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">501&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(189)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">501&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(189)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">501&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(189)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">501&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(96)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">255&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2030</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2031</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(867)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,304&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The company did not have other changes related to open derivatives
        removed from SSAP No. 86 and captured in scope of SSAP No. 108 for the years ended December&#160;31, 2021 and 2020. During the years ended December&#160;31, 2021 and 2020, the fair value changes available for application under SSAP No. 108 was $(694) and
        $927, respectively. </font></div>
    <div style="margin-bottom:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company did not have any hedging strategies identified as no
        longer highly effective and did not terminate any hedging strategies during the year ended December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Nonqualifying hedging</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Futures and Options Contracts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company provides benefits through certain life
        and annuity products which are linked to the fluctuation of various market indices, and certain variable annuity contracts that provide minimum guaranteed benefits. The Company has analyzed the characteristics of these benefits and has entered into
        over-the-counter (OTC) option contracts, exchange-traded option (ETO) contracts, and exchange-traded futures contracts tied to an underlying index with similar characteristics with the objective to economically hedge these benefits. Management
        monitors in-force amounts as well as option and futures contract values to ensure satisfactory matching and to identify unsatisfactory mismatches. If actual persistency deviated, management would purchase or sell option and futures contracts as
        deemed appropriate or take other actions. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The OTC option contracts and ETO contracts are
        reported at fair value in Derivative assets and Derivative liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The fair value of the OTC options is derived internally and deemed by management to be
        reasonable via performing an IPV process. The process of deriving internal derivative prices requires the Company to calibrate Monte Carlo scenarios to actual market information. The calibrated scenarios are applied to derivative cash flow models
        to calculate fair value prices for the derivatives. The fair value of the ETO contacts is based on quoted market prices. Incremental gains and losses from expiring options are included in Net realized capital gain (loss) on the Statutory Statements
        of Operations. The liability for the related policyholder benefits is reported in Life policies and annuity contracts on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The unrealized gain or loss on open OTC
        option contracts is recognized as a direct adjustment to Unassigned surplus within the Statutory Statements of Capital and Surplus. Any unrealized gains or losses on open OTC option contracts are recognized as realized when the contracts mature
        (see Note&#160;5 for further discussion).</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Futures contracts do not require an initial cash
        outlay, and the Company has agreed to daily net settlement based on movements of the representative index. Therefore, no asset or liability is recorded as of the end </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zda6338d3a6184a6883644e0c344e3aa8" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

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                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18 of 67</font></div>
                </td>
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        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">of the reporting period. A derivative asset or
        liability and an offsetting variation margin payable or receivable is recorded in Derivative assets or Derivative liabilities in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for the outstanding unpaid variation
        margin representing market movements on the last trading day of the year.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Gains and losses are not considered realized until
        the termination or expiration of the futures contract. Unrealized gains and losses on futures contracts are reflected in the Statutory Statements of Capital and Surplus in Unassigned surplus, within Change in unrealized capital gains (loss).
        Realized gains and losses on futures contracts are included in the Statutory Statements of Operations, Net realized capital gain (loss), net of taxes and interest maintenance reserve.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Interest Rate Swaps, Credit
        Default Swaps, Total Return Swaps, and To Be Announced Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes IRS, credit default swaps
        (CDS), total return swaps (TRS), and To Be Announced (TBA) securities to economically hedge market risks embedded in certain life and annuity products. The IRS, CDS, TRS and TBA securities are reported at fair value in Derivative assets or
        Derivative liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The fair value of the IRS, CDS, and TBA securities are derived using a third-party vendor software program and deemed by management to be
        reasonable. Centrally cleared IRS fair values are obtained from the exchange on which they are traded. The fair value of the TRS is based on counterparty pricing and deemed by management to be reasonable. Changes in unrealized gains and losses on
        the swaps are recorded as a direct adjustment to Unassigned surplus within the Statutory Statements of Capital and Surplus. Gains and losses on exchange cleared IRS are recorded as unrealized until the contracts mature or are disposed at which time
        they are recorded as realized, subject to offset by IMR. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(l)&#160;&#160;&#160;&#160;Corporate-Owned Life Insurance</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Corporate-owned life insurance (COLI) is recognized
        initially as the amount of premiums paid. Subsequent measurement of the contract is based upon the amount that could be realized assuming the surrender of an individual-life policy (or certificate in a group policy), otherwise known as the cash
        surrender value (CSV), in accordance with SSAP No.&#160;21 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Other Admitted Assets</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (SSAP No. 21). Changes in CSV resulting from subsequent measurement of the contract are recognized as a component of Other income on the
        Statutory Statements of Operations. The Company&#8217;s COLI policies are reported in Other assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(m)&#160;&#160;&#160;&#160;Borrowed Money</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is a member of the FHLB of Des Moines,
        primarily for the purpose of participating in the FHLB&#8217;s mortgage collateralized loan advance program with short-term and long-term funding facilities. Members are required to purchase and hold a minimum amount of FHLB capital stock plus additional
        stock based on outstanding advances. Through its membership, the Company has issued debt to the FHLB in exchange for cash advances. It is part of the Company&#8217;s strategy to utilize funds borrowed from the FHLB for operations and strategic
        initiatives. The Company&#8217;s current borrowings are not subject to prepayment obligations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Funds obtained from the FHLB and accrued interest
        are included within Borrowed money within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with SSAP No.&#160;15 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Debt and Holding Company Obligations</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">.
        The collateral pledged to FHLB is reported as admitted assets within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with admissibility testing under SSAP No.&#160;30 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Unaffiliated Common Stock</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(n)&#160;&#160;&#160;&#160;Income Taxes</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company and its subsidiaries file a consolidated
        federal income tax return with AZOA and all of its wholly-owned subsidiaries. The consolidated tax allocation agreement stipulates that each company participating in the return will bear its share of the tax liability pursuant to certain tax
        allocation elections under the Internal Revenue Code (IRC) and its related regulations and reimbursement will be in accordance with an </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
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          <table id="z8abeac279b844c28a7d90a2e0d97f1e9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

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                <td style="width:1.0%"><br>
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                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
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                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19 of 67</font></div>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">intercompany tax reimbursement arrangement. The
        Company, and its insurance subsidiaries, generally will be paid for the tax benefit of any of their tax attributes used by any member of the consolidated group.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company provides for federal income taxes based
        on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate
        deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to significantly change the provision for federal income taxes recorded in the Statutory Statements of Admitted Assets,
        Liabilities, and Capital and Surplus. Any such change could significantly affect the amounts reported in the Statutory Statements of Operations. Management uses best estimates to establish reserves based on current facts and circumstances regarding
        tax exposure items where the ultimate deductibility is open to interpretation. Quarterly, management evaluates the appropriateness of such reserves based on any new developments specific to their fact patterns. Information considered includes
        results of completed tax examinations, Technical Advice Memorandums, and other rulings issued by the Internal Revenue Service or the tax courts.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company utilizes the asset and liability method
        of accounting for income taxes. DTAs and deferred tax liabilities (DTLs), net of the nonadmitted portion are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets
        and liabilities and their respective tax bases. Gross DTAs and DTLs are measured using enacted tax rates and are considered for admitted tax asset status according to the admissibility test as set forth by the NAIC. Changes in DTAs and DTLs,
        including changes attributable to changes in tax rates, are recognized as a component of Unassigned surplus on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(o)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Separate Accounts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Separate account assets and liabilities are
        primarily funds held for the exclusive benefit of variable and variable-indexed annuity contract holders. Separate account assets are reported at fair value in accordance with SSAP No.&#160;56 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Separate Accounts</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (SSAP No.&#160;56), with
        the exception of certain bonds, cash, cash equivalents, and investment income due and accrued. Certain assets that are allocated to the index options for the Allianz Index Advantage Variable Annuity (VIA) are invested in bonds, cash, cash
        equivalents, and investment income due and accrued, and carried at amortized cost in accordance with the product filing requirements in the state of Minnesota.</font></div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Amounts due from separate accounts primarily represent the difference between the
        surrender value of the contracts and the Separate account liability as disclosed on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. This receivable represents the surrender fee that would be paid to the Company
        upon the surrender of the policy or contract by the policyholder or contract holder as of December&#160;31. Amounts charged to the contract holders for mortality and contract maintenance, and other administrative services fees are included in income
        within Fees from separate accounts on the Statutory Statements of Operations. These fees have been earned and assessed against contract holders on a daily or monthly basis throughout the contract period and are recognized as revenue when assessed
        and earned. Transfers to (from) separate accounts within the Statutory Statements of Operations primarily includes transfers for new premium and annuity considerations, benefit payments, surrender charge wear-off, realized and unrealized investment
        gains/losses, investment income, and other contractholder behavior.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(p)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Receivables</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Receivable balances approximate estimated fair
        values. This is based on pertinent information available to management as of year-end, including the financial condition and creditworthiness of the parties underlying the receivables. Any balances outstanding more than 90&#160;days are nonadmitted on
        the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(q)&#160;&#160;&#160;&#160;Reclassifications</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Prior year balances have not been reclassified to
        conform to the current year presentation. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(3)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Accounting Changes and Corrections of Errors</font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Accounting Changes</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Recently Issued Accounting Standards &#8211; Adopted in
        2021 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In July 2020, the NAIC adopted revisions to SSAP No.
        32R, Preferred Stock. The revisions update the definitions, measurement, and impairment guidance for various types of preferred stock and require perpetual preferred stock to be measured at fair value, not to exceed any currently effective call
        price, instead of at the lower of cost or fair value. The revisions were effective January 1, 2021. The implementation of these revisions on January 1, 2021 resulted in a pre-tax increase to surplus of $2. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In 2021, the NAIC extended the following
        interpretations (INT) in response to the COVID-19 pandemic:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 20-03, Troubled Debt Restructuring due to COVID-19. This INT followed the interagency COVID-19 guidance issued by
        federal and state prudential banking regulators (and concurred by the FASB) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Specifically, a modification of a mortgage loan or bank loan terms did not result in troubled debt
        restructurings as long as the modification was in response to COVID-19, the borrower was current at the time of the modification, and the modification was short-term. In addition, insurers were not required to designate mortgage loans or bank loans
        with deferrals granted due to COVID-19 as past due or report them as nonaccrual loans. This INT was effective for the period beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were
        extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which the national emergency declared by the President terminates. This INT did not impact the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 20-07, Troubled Debt Restructuring of Certain Debt Investments Due to COVID-19. This INT provided temporary
        guidance by allowing practical expedients when assessing whether modifications made to debt securities (under SSAP 26R and 43R) due to COVID-19 are insignificant. Specifically, the guidance proposed restructurings in response to COVID-19 are
        considered to be insignificant if the restructuring resulted in a 10% or less shortfall amount in the contractual amount due and did not extend the maturity of the investment by more than 3 years. This INT was effective for the period beginning
        March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which the national
        emergency declared by the President terminates. This INT did not impact the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In November 2021, the NAIC adopted revisions to SSAP
        No. 43R, Loan Backed and Structured Securities. The revisions state that non-rated residual tranches currently classified as bonds should be reclassified to other invested assets, and held at lower of cost or market. The revisions are effective
        December 31, 2022, with early application permitted. The company has adopted these revisions, resulting in no change due to no non-rated residual tranches classified as bonds as of December 31, 2021. There was no impact on net income or surplus
        during the year-ended December 31, 2021, as a result of adopting the revisions.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Recently Issued Accounting
        Standards &#8211; Adopted in 2020 </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective January 1, 2020, the Company adopted
        VM-21, as the effective guidance under which the Company's variable and variable-indexed annuities reserves are calculated. Previously, the Company calculated these reserves using guidance found in AG43. VM-21 applies to business issued on or after
        January 1, 2017. Under VM-21, during 2017, 2018, and 2019, the Company elected to combine contracts subject to AG43 and VM-21 for purposes of calculating reserves. In 2019, the NAIC adopted revisions to both AG43 and VM-21, effective January 1,
        2020. The implementation of the 2019 revisions on January 1, 2020 resulted in a pre-tax increase of $1 to Policyholder liabilities for Life policies and annuity contracts within the Statutory Statements of Admitted Assets, Liabilities, and Capital
        and Surplus and the corresponding decrease to surplus for the same amount is recorded through Change in reserve on account of change in valuation basis within the Statutory Statements of Capital and Surplus. The 2019 amendments allow an optional
        phase-in of the increase which the Company did not elect.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective January 1, 2020, the Company adopted SSAP
        No. 108, the standard establishes statutory accounting principles to address certain limited derivative transactions hedging variable annuity guarantees subject to </font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">fluctuations as a result of interest rate
        sensitivity. The Company added all applicable new disclosures required by the standard; see Note 2(k) for further information. There were no impacts to net income or surplus during the year ended December 31, 2020, as a result of this adoption.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In 2016, the NAIC adopted revisions to SSAP No. 51R,
        Life Contracts and SSAP No. 54, Individual and Group Accident and Health Contracts, Issue Paper No. 154, Implementation of Principles-Based Reserving. These revisions relate to the adoption of the Valuation Manual and provides for principle-based
        reserving for Life and Heath contracts, and are effective January 1, 2017. The Valuation Manual provides the following revisions: 1) VM-20, Requirements for Principle-Based Reserves, for Life Products, includes an optional three-year deferral. The
        Company elected the deferral and adopted this update effective January 1, 2020. It applies to business issued on or after this date. 2) VM-21, see details disclosed above. 3) VM-22, Statutory Maximum Valuation Interest Rates for Income Annuities,
        was effective January 1, 2018. It applies to annuitizations on contracts issued on or after that date. Because most annuitizations occur years after a contract has been issued, its impact on net income and surplus has not been material. 4.) VM-25,
        Health Insurance Reserves Minimum Requirements, and VM-26, Credit Life and Disability Reserve Requirements, are not applicable as the Company does not issue these contracts. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In August 2019, the NAIC adopted SSAP No. 22R,
        Leases. This revised standard is a substantive revision, reorganization, and clarification of SSAP 22. It adopts much of the language of US GAAP ASU 2016-02, Leases, but retains operating lease accounting for Statutory accounting. It was effective
        January 1, 2020, with early adoption permitted. The Company adopted these revisions effective January 1, 2020. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the revisions.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In March 2020, the NAIC adopted INT 20-01, Reference
        Rate Reform. The interpretation adopted the optional guidance outlined in Accounting Standards Update (ASU) 2020-04, Reference Rate Reform, for a limited period of time to ease the potential burden on accounting for reference rate reform. The
        practical expedients outlined in the interpretation are for modifications solely related to reference rate reform and optionally suspends assessments for re-measuring a contract and dedesignating a hedge relationship. This interpretation is
        effective on the date of adoption and expires on December 31, 2022. The Company adopted the optional guidance in this interpretation effective March 12, 2020. As of December 31, 2020, the Company has not made any modifications to financial assets
        or liabilities as a result of reference rate reform.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In May 2020, the NAIC adopted revisions to SSAP No.
        26R, Bonds, which provides clarifying guidance when assessing other than temporary impairments (OTTI) for debt instruments that have been previously modified pursuant to SSAP No. 36, Troubled Debt Restructuring, or SSAP No. 103R, Transfers and
        Servicing of Financial Assets and Extinguishments of Liabilities. The revisions to SSAP No. 26R state subsequent OTTI assessments for debt instruments modified under SSAP No. 36 or SSAP No 103 will be based on the modified contractual terms and not
        revert back to the original acquisition terms. These revisions were effective May 20, 2020 and were subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting
        the revisions.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In April, May, June, and August 2020, the NAIC
        adopted the following interpretations (INT) in response to the COVID-19 pandemic:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-02, Extension of the 90-Day Rule for the Impact of COVID-19, extends a one-time optional extension of the
        nonadmission assessment guidance for premiums and similar receivables due from policyholders or agents. For receivables that were current prior to the beginning of the declaration of a state of emergency by the U.S. federal government on March 13,
        2020 or originated on or after March 13, 2020, insurers may continue to admit assets greater than 90 days past due. This INT is applicable for the March 31, 2020, June 30, 2020, and September 30, 2020 financial statements and expired on December
        30, 2020. This INT did not have an impact to the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-03, Troubled Debt Restructuring Due to COVID-19, follows the inter-agency COVID-19 guidance issued by the
        federal and state prudential banking regulators (and concurred by the Financial Accounting Standards Board) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Specifically, a modification of a mortgage loan or bank loan terms does
        not result in troubled debt </font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">restructuring as long as the modification is in
        response to COVID-19, the borrower was current at the time of the modification, and the modification is short-term. In addition, insurers are not required to designate mortgage loans or bank loans with deferrals granted due to COVID-19 as past due
        or report them as nonaccrual loans. This INT is effective for the period beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier
        of January 1, 2022 or the date that is 60 days after the date on which the national emergency declared by the President terminates. The Company implemented a loan modification program that adhered to the requirements outlined in the INT for
        investments in commercial and residential mortgage loans.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-04, Mortgage Loan Impairment Assessment Due to COVID-19, defers the impairment assessment for bank loans,
        mortgage loans, and investments which predominantly hold underlying mortgage loans and are impacted by forbearance or modifications in response to COVID-19. This INT was applicable for the March 31, 2020, June 30, 2020, and September 30, 2020
        financial statements and expired on December 30, 2020. This INT did not have a material impact to the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-05, Investment Income Due and Accrued. This INT provides temporary relief guidance for assessing the
        collectability of interest income, admissibility relief of accrued investment income 90 days past due, and clarifies how interest income should be recognized during a payment holiday. This INT is applicable for the June 30, 2020, and September 30,
        2020 financial statements and expired on December 30, 2020. This INT did not have a material impact to the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-06, Participation in the 2020 TALF Program. This INT provides guidance for reporting Term Asset-Backed
        Securities Lending Facility (TALF) loans for the duration of the 2020 TALF program. This INT did not impact the Company as the Company did not participate in this program.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-07, Troubled Debt Restructuring of Certain Debt Investments Due to COVID-19. This INT provides temporary
        guidance by allowing practical expedients when assessing whether modifications made to debt securities (under SSAP No. 26R and SSAP No. 43R) due to COVID-19 are insignificant. Specifically, the guidance proposes restructurings in response to
        COVID-19 are considered to be insignificant if the restructuring results in a 10% or less shortfall amount in the contractual amount due and does not extend the maturity of the investment by more than 3 years. This INT was effective for the period
        beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which
        the national emergency declared by the President terminates. This INT did not have a material impact to the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:63pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#8226;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%; padding-left: 14.5pt;">INT 2020-08, COVID-19 Premium Refunds, Rate Reductions and Policyholder Dividends. This INT provides guidance for
        returns or benefits to policyholders. This INT did not impact the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">These INTs have an immaterial effect on the
        financial statements as of December 31, 2020. The Company will continue to monitor these INTs and assess impacts until they are nullified.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In July 2020, the NAIC adopted INT 20-09, Basis
        Swaps as a Result of the LIBOR Transition, to address the statutory accounting and reporting requirements for basis swaps issued by central clearing parties solely in response to the market-wide transition away from the London Interbank Offered
        Rate (LIBOR) and toward the Secured Oversight Financing Rate (SOFR). This INT allows basis swaps issued solely in response to reference rate reform to be classified as derivatives used for &#8220;hedging&#8221; and reported as admitted assets in the statutory
        financial statements. The INT is effective July 30, 2020 and was subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the INT.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In November 2020, the NAIC adopted revisions to SSAP
        No. 43R, Loan-Backed and Structured Securities. The revisions reflect the updated NAIC designation category for residential and commercial mortgage-backed securities that utilize the financial modeling guidance. The revisions were effective
        November 12, 2020 and were subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the INT.</font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
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        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Recently Issued Accounting
        Standards &#8211; Adopted in 2019</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In August 2019, the NAIC adopted revisions to SSAP
        No. 43R, Loan-Backed and Structured Securities. These revisions clarify that when a security has different NAIC designations by lot, the reporting entity shall either report the entire investment in a single reporting line at the lowest NAIC
        designation that would apply to a lot, or report the investment separately by purchase lot in the investment schedule. This update only affects investments with multiple lots at different ratings and would not require the entire schedule to be
        disclosed at a lot level. These revisions are effective as of September 30, 2019. There was no impact to net income or surplus during the year ended December 31, 2019, as a result of adopting the revised standard.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Recently Issued Accounting Standards &#8211; To Be Adopted</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Not applicable.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Corrections of Errors</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company records correction of errors in
        accordance with SSAP No.&#160;3 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Accounting Changes and Correction of Errors</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (SSAP No. 3). SSAP No.&#160;3 prescribes that the correction of errors in previously issued Statutory Financial Statements will be reported
        as an adjustment to capital and surplus in the period the error is detected. These errors are shown within Correction of errors, net of tax, on the Statutory Statements of Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">During 2021, an error was identified related to the
        Company&#8217;s calculation of scheduled payments for certain fixed-indexed annuity products. The model for policies who have elected the scheduled payment option always used an income period of 10 years. After payments are received, future benefits and
        therefore the remaining benefit period, should have reduced but did not. This resulted in the Company holding excess reserves after policyholders elected this option. The error resulted in a $50 pre-tax overstatement of policyholder liabilities for
        life policies and annuity contracts and a corresponding $40 after-tax understatement of total capital and surplus as of December 31, 2020. Policyholder liabilities for life policies and annuity contracts on the Company&#8217;s financial statements were
        adjusted in 2021 to correct for the prior period impact. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">During the years ended December 31, 2020, and 2019,
        there were no Corrections of errors recorded on the Statutory Statements of Capital and Surplus.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(4)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Risk Disclosures</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following is a description of the significant
        risks facing the Company and how it attempts to mitigate those risks: </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Credit Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Credit risk is the risk that issuers of fixed-income
        securities, borrowers of mortgages on commercial real estate, or other parties with whom the Company has transactions, such as reinsurers and derivative counterparties, default on their contractual obligations, resulting in unexpected credit
        losses. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company mitigates this risk by adhering to
        investment policies and limits that provide portfolio diversification on an asset class, asset quality, creditor, and geographical basis, and by complying with investment limitations from applicable state insurance laws and regulations. The Company
        considers all relevant objective information available in estimating the cash flows related to structured securities. The Company actively monitors and manages exposures, and determines whether any securities are impaired. The aggregate credit risk
        is influenced by management&#8217;s risk/return preferences, the economic and credit environment, and the ability to manage this risk through liability portfolio management.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For derivative counterparties, the Company mitigates
        credit risk by tracking and limiting exposure to each counterparty through limits that are reported regularly and, once breached, restricts further trades; establishing relationships with counterparties rated BBB+ and higher; and monitoring the CDS
        of each counterparty as an early warning signal to cease trading when credit default swap spreads imply severe impairment in credit quality.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company executes Credit Support Annexes (CSA)
        with all active and new counterparties which further limits credit risk by requiring counterparties to post collateral to a segregated account to cover any </font></div>
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      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
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    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">counterparty exposure. Additionally most
        transactions are cleared through a clearinghouse thereby transferring counterparty risk from the bank to the clearinghouse that tends to have stronger credit. This often leads to increased collateralization and lower counterparty risk for the
        Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Credit Concentration Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Credit concentration risk is the risk of increased
        exposure to significant asset defaults (of a single security issuer); economic conditions (if business is concentrated in a certain industry sector or geographic area); or adverse regulatory or court decisions (if concentrated in a single
        jurisdiction) affecting credit.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s Finance Committee, responsible for
        asset/liability management (ALM) issues, recommends an investment policy to the Company&#8217;s Board of Directors (BOD) and approves the strategic asset allocation and accompanying investment mandates for an asset manager with respect to asset class.
        The investment policy and accompanying investment mandates specify asset allocation among major asset classes and the degree of asset manager flexibility for each asset class. The investment policy complies, at a minimum, with state statutes.
        Compliance with the policy is monitored by the Finance Committee who is responsible for implementing internal controls and procedures. Deviations from the policy are monitored and addressed. The Finance Committee and, subsequently, the BOD review
        the investment policy at least annually. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">To further mitigate this risk, internal
        concentration limits based on credit rating and sector are established and are monitored regularly. Any ultimate obligor group exceeding these limits is placed on a restricted list to prevent further purchases, and the excess exposure may be
        actively sold down to comply with concentration limit guidelines. Any exceptions require Chief Risk Officer approval and monitoring by the Risk Committee. Further, the Company performs a quarterly concentration risk calculation to ensure compliance
        with the State of Minnesota insurance regulations.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c)&#160;&#160;&#160;&#160;Liquidity Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Liquidity risk is the risk that unexpected timing or
        amounts of cash needed will require liquidation of assets in a market that will result in a realized loss or an inability to sell certain classes of assets such that an insurer will be unable to meet its obligations and contractual guarantees.
        Liquidity risk also includes the risk that in the event of a company liquidity crisis, refinancing is only possible at higher interest rates. Liquidity risk can be affected by the maturity of liabilities, the presence of withdrawal penalties, the
        breadth of funding sources, and terms of funding sources. It can also be affected by counterparty collateral triggers as well as whether anticipated liquidity sources, such as credit agreements, are cancelable. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company manages liquidity within four specific
        domains: (1) monitoring product development, product management, business operations, and the investment portfolio; (2) setting ALM strategies; (3) managing the cash requirements stemming from the Company&#8217;s derivative dynamic economic hedging
        activities; and (4) establishing liquidity facilities to provide additional liquidity. The Company has established liquidity risk limits, which are approved by the Company&#8217;s Risk Committee, and the Company monitors its liquidity risk regularly. The
        Company also sets target levels for the liquid securities in its investment portfolio.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)&#160;&#160;&#160;&#160;Interest Rate Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Interest rate risk is the risk that movements in
        interest rates or interest rate volatility will cause a decrease in the value of an insurer&#8217;s assets relative to the value of its liabilities and/or an unfavorable change in prepayment activity resulting in compressed interest margins.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has an ALM strategy to align cash flows
        and duration of the investment portfolio with policyholder liability cash flows and duration. The Company further limits interest rate risk on variable annuity guarantees through interest rate hedges. The Company monitors the economic and
        accounting impacts of interest rate sensitivities on assets and liabilities regularly. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e)&#160;&#160;&#160;&#160;Equity Market Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Equity market risk is the risk that movements in
        equity prices or equity volatility will cause a decrease in the value of an insurer&#8217;s assets relative to the value of its liabilities. </font></div>
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      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The policy value of the fixed-indexed universal
        life, fixed-indexed annuity, and variable-indexed annuity products is generally linked to equity market indices. The Company economically hedges this exposure with derivatives. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Variable annuity products guarantee minimum payments
        regardless of market movements. The Company has adopted an economic hedging program to manage the equity risk of these products. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company monitors the impacts of equity
        sensitivities on assets and liabilities regularly.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Basis risk is the risk that variable annuity hedge
        asset values change unexpectedly relative to the value of the underlying separate account funds of the variable annuity contracts. Basis risk may arise from the Company&#8217;s inability to directly hedge the underlying investment options of the variable
        annuity contracts. The Company regularly reviews and synchronizes fund mappings, product design features, hedge design, and manages funds line-up.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f)&#160;&#160;&#160;&#160;Operational Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Operational risk is the risk of loss resulting from
        inadequate or failed internal processes and systems, from human misbehavior or error, or from external events. Operational risk is comprised of the following seven risk categories: (1) external fraud; (2) internal fraud; (3) employment practices
        and workplace safety; (4) clients/third-party, products and business practices; (5) damage to physical assets; (6) business disruption and system failure; and (7) execution, delivery, and process management. Operational risk is comprehensively
        managed through a combination of core qualitative and quantitative activities. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Operational Risk Management framework includes
        the following key activities: (1) an Operational Risk Capital Model covering all material types of operational risks, under which the Company quantifies and regularly monitors operational risk; (2) loss data capture to create transparency and
        gather information about losses that meet a designated threshold. Business owners are required to identify and resolve the root cause of operational loss events; and (3) an integrated risk and control system, a bottom-up risk assessment process for
        significant operational risk scenarios, to proactively manage significant operational risk scenarios throughout the organization. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(g)&#160;&#160;&#160;&#160;Regulatory Change Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Regulatory change risk is the risk that regulatory
        changes and imposed regulation may materially impact the Company's business model, sales levels, company financials and ability to effectively comply with regulations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company actively monitors all regulatory changes
        and participates in national and international discussions relating to legal, regulatory, and accounting changes. The Company maintains active membership with various professional and industry trade organizations. A formal process exists to review,
        analyze, and implement new legislation as it is enacted. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-indent:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(h)&#160;&#160;&#160;&#160;Rating Agency Risk</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Rating agency risk is the risk that rating agencies
        change their outlook or rating of the Company or a subsidiary of the Company. The rating agencies generally utilize proprietary capital adequacy models in the process of establishing ratings for the Company. The Company is at risk of changes in
        these models and the impact that changes in the underlying business that it is engaged in can have on such models. To mitigate this risk, the Company maintains regular communications with the rating agencies and evaluates the impact of significant
        transactions on such capital adequacy models and considers the same in the design of transactions to minimize the adverse impact of this risk. Rating agency capital is calculated and analyzed at least annually. Rating agency risk is also addressed
        in the TRA process and on an ad hoc basis as necessary. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(i)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Mortality/Longevity Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Mortality/longevity risk is the risk that mortality
        experience is different than the life expectancy assumptions used by the Company to price its products. </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zb3614c8a67784ba7b0ee9ab1dd2ee51b" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company mitigates mortality risk primarily
        through reinsurance, whereby the Company cedes a significant portion of its mortality risk to third parties. The Company also manages mortality risk through the underwriting process. Both mortality and longevity risks are managed through the review
        of life expectancy assumptions and experience in conjunction with active product management. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(j)&#160;&#160;&#160;&#160;Lapse Risk</font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Lapse risk is the risk that actual lapse experience
        evolves differently than the assumptions used for pricing and valuation exercises leading to a significant loss in Company value and/or income. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company mitigates this risk by performing
        sensitivity analysis at the time of pricing to affect product design, adding Market Value Adjustments and surrender charges when appropriate, regular ALM analysis, and exercising management levers at issue, as well as post-issue as experience
        evolves. Policyholder experience is monitored regularly.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(k)&#160;&#160;&#160;&#160;Cyber Security Risk</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Cyber security risk is the risk of losses due to
        external and/or internal attacks impacting the confidentiality, integrity, and/or availability of key systems, data, and processes reliant on digital technology. The Company has implemented preventative, detective, response, and recovery measures
        including firewalls, intrusion detection and prevention, advanced malware detection, spyware and anti-virus software, email protection, network and laptop encryption, web content filtering, web application firewalls, and regular scanning of all
        servers and network devices to identify vulnerabilities. Controls are implemented to prevent and review unauthorized access. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(l)&#160;&#160;&#160;&#160;Reinsurance Risk</font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reinsurance risk is the risk that reinsurance
        companies default on their obligation where the Company has ceded a portion of its insurance risk. The Company uses reinsurance to limit its risk exposure to certain business lines and to enable better capital management. </font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reinsurance contracts do not relieve the Company
        from its obligations to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company mitigates this risk by requiring certain
        counterparties to post collateral to cover the exposure and to meet thresholds related to the counterparty&#8217;s credit rating, exposure, or other factors. For counterparties that are not initially required to post collateral, if the thresholds are not
        met by those counterparties, they are required to establish a trust or letter of credit backed by assets meeting certain quality criteria. All arrangements are regularly monitored to determine whether trusts or letters of credit are sufficient to
        support the ceded liabilities and that their terms are being met. In addition, the Company reviews the financial standings and ratings of its reinsurance counterparties and monitors concentrations of credit risk to minimize its exposure to
        significant losses from reinsurer insolvencies regularly.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zafc83e78edb542dcb0d48def91c4c45d" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(5)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Investments</font></div>
    <div style="margin-bottom:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a)&#160;&#160;&#160;&#160;Bonds, Other Assets Receiving Bond Treatment, and Stocks</font></div>
    <div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">At December&#160;31, the amortized cost, gross unrealized gains, gross
        unrealized losses, and fair values of investments, excluding investments in affiliates, are shown below: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z28c030e2fe9740dd84909a25a553fca7" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:38.966%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.135%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.923%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.756%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.923%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.095%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized cost</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross unrealized gains</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross unrealized losses</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.
                government</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,644&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,752&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Agencies not backed by the full faith and credit of the U.S. government</font></div>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">States and
                political subdivisions</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,119&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,973&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,086&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign
                governments</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,619&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,678&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate
                securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68,444&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,191&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">275&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76,360&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-backed
                securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,645&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">564&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,183&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Collateralized
                debt obligations</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 57.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total bonds</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94,782&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,958&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">362&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105,378&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">278&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">303&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Preferred stocks</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,060&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,985&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">364&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105,681&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z305b7f8f915146d4b72476d65d19bf5b" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.339%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:38.563%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.144%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.017%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.640%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.849%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.640%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.017%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.640%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.190%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized cost</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross unrealized gains</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross unrealized losses</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S.
                government</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,318&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,608&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Agencies not backed by the full faith and credit of the U.S. government</font></div>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">States and
                political subdivisions</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,536&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,335&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,869&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign
                governments</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,138&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">125&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,261&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate
                securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,975&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,730&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83,615&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-backed
                securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,126&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,232&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,349&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Collateralized
                debt obligations</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 57.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total bonds</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,113&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,735&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">113&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">115,735&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">217&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">234&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Preferred stocks</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,371&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,755&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,012&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">At December&#160;31, 2021, amortized cost differed from the carrying
        value of bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus due to NAIC-6 rates bonds where the market value was lower than amortized cost. The total unrealized losses recorded by the Company for these bonds
        was an insignificant amount as of December&#160;31, 2021 and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company had NAIC-6 rated bonds with a statement
        value of $26 and $3 as of December&#160;31, 2021 and 2020, respectively. There was no interest due on bonds in default, which was excluded from investment income due and accrued as of December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">At December&#160;31, 2021 and 2020, the Company had
        hybrid securities with a carrying value of $17 and $30, respectively.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z3c942e68375a4c968e76a52a3267ec07" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, investments with a
        statement value of $31 and $23, respectively, were held on deposit with various insurance departments and in other trusts as required by statutory regulations.&#160;&#160;&#160;&#160;</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The amortized cost and fair value of bonds and other
        assets receiving bond treatment reported in the statutory Annual Statement Schedule D Part 1A at December&#160;31, 2021, by contractual maturity, are shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z7c267f66715e470e846c7ff0c6f870f2" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:59.000%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.432%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.434%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying<br>
                value</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due in 1 year or less</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,707&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,716&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due after 1 year through
                5 years</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,030&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,592&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due after 5 years
                through 10 years</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,877&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,148&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due after 10 years
                through 20 years</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,696&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,965&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Due after 20 years</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,949&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,836&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">No maturity date</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">866&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">918&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:6pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage-backed and other structured securities</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,657&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,203&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Total bonds and
                other assets receiving bond treatment</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94,782&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105,378&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Expected maturities will differ from contractual
        maturities, because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Proceeds from sales of bonds includes sales,
        maturities, paydowns, and other redemptions of bonds and other assets receiving bond treatment. Proceeds from sales of bonds for the years ended December 31 are shown below: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z9e2d9c9058f54a19ae9607eecb5a6349" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:53.247%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.615%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.116%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from sales</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,577&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,677&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,892&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross gains</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,313&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross losses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Proceeds from sales of common stocks for the years
        ended December 31 are shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z1d207dea45204b7c80f155e15152f11e" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:53.247%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.615%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.116%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from sales</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">241&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">111&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross gains</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross losses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Proceeds from sales of preferred stocks for the
        years ended December 31 are shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt;text-align:justify">
      <table id="z899dc1bfb68c4670a9a7eb4412a2ffa8" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:53.247%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.615%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.116%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from sales</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross gains</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross losses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For the years ended December&#160;31, 2021 and 2020,
        there were 207 and 138 CUSIPs sold, disposed, or otherwise redeemed as a result of a callable feature, respectively. The aggregate amount of investment income generated as a result of these transactions was $182 and $56 for 2021 and 2020,
        respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s bond portfolio includes
        mortgage-backed securities. Due to the high quality of these investments and the lack of subprime loans within the securities, the Company does not have a material exposure to subprime mortgages.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zcf9ba675169f4cc2be5a4a15f4712c8c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Unrealized Investment Losses</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">To determine whether or not declines in fair value
        are other than temporary, the Company performs a quarterly review of its entire combined investment portfolio, including investments held by subsidiaries, using quoted market prices by third-party sources. For further discussion, see Notes&#160;2 and 6.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Unrealized losses and the related fair value of
        investments held by the Company for the years ended December 31 are shown below: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z431f0bb6ab2b47a98dbee4b574ca1396" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.741%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.142%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.618%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.380%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="33"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">12 months or less</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Greater than 12 months</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Bonds:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">U.S.
                government</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">396&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">272&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">668&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">39&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign
                government</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">513&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">554&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">States and
                political subdivisions</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">208&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">229&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Corporate
                securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,417&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">207&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,083&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">68&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,500&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">275&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage-backed
                securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">977&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">124&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,101&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total bonds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,511&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">261&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,541&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">101&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,052&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">362&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common stock</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total
                temporarily impaired securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,564&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">263&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,544&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">101&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,108&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">364&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z2415dd3cfd184cb0beab63dbad6ae656" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.591%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.031%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.619%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="33"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">12 months or less</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Greater than 12 months</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Unrealized losses</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Bonds:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">U.S.
                government</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">374&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">374&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign
                government</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">States and
                political subdivisions</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">85&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">85&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Corporate
                securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,085&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">78&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">578&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,663&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">90&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage-backed
                securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">158&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total bonds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,753&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">97&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">619&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,372&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">113&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common stock</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total
                temporarily impaired securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,760&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">97&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">628&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,388&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">114&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the number of investment holdings
        that were in an unrealized loss position was 1,513 and 472, respectively, for bonds, and 21 and 13, respectively, for common stocks.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, of the total
        amount of unrealized losses, $319, or 87.5%, and $76, or 67.7%, respectively, are related to unrealized losses on investment grade securities. Investment grade is defined as a security having an NAIC SVO credit rating of 1 or 2. Unrealized losses
        on securities are principally related to changes in interest rates or changes in sector spreads from the date of purchase. As contractual payments continue to be met, management continues to expect all contractual cash flows to be received and does
        not consider these investments to be other-than-temporarily impaired. </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z13d6618250de4cb9a07d4b374c6b0ddc" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c)&#160;&#160;&#160;&#160;Realized Investment Gains (Losses)</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Net realized capital gains (losses) for the years
        ended December&#160;31 are shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z5ff426c86a334e3c8636169be27973ce" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:52.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,199&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(120)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage Loans</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(34)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivatives</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,883&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">202&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,062&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                realized capital gains (losses)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,046&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,073&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax benefit
                (expense) on net realized gains (losses)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(249)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                realized capital gains (losses), net of taxes</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,797&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,084&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net gains (losses)
                transferred to IMR, net of taxes</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">941&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net realized
                gains (losses), net of taxes and IMR</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,856&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,053&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)&#160;&#160;&#160;&#160;Net Investment Income</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Major categories of net investment income for the
        years ended December&#160;31 are shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zffbf6310d2ea457092643d34f0255e6f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:52.322%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.424%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.761%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,233&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,189&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,319&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mortgage
                loans on real estate</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">682&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">647&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">617&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy loans</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash, cash
                equivalents, and short-term investments</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment
                in subsidiaries</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Rental income on real
                estate</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivatives</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(109)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(92)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross
                investment income</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,956&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,965&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,941&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment expenses</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(137)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(138)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(146)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net
                investment income before amortization of IMR</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,819&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,827&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,795&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of IMR</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net
                investment income</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,866&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,864&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,839&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e)&#160;&#160;&#160;&#160;Mortgage Loans on Real Estate </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company's investment in mortgage loans on real
        estate includes CMLs and RMLs at December&#160;31, 2021 and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">At December&#160;31, 2021 and 2020, the Company's CML
        portfolio includes concentrations exceeding 10% for the following states:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zaf7abc4b844a4c69a291cfaf9cdb5222" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:36.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.235%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration Amount</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration %</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration Amount</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration %</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">California</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,605&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.9&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,356&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z3937b79bc7cb4c1882d505282fdd1964" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The maximum lending rates for CMLs made during 2021
        and 2020 were 4.5% and 4.1%, respectively. The minimum lending rates for CMLs made during 2021 and 2020 were 1.7% and 2.2%, respectively. The maximum percentage of any one loan to the value of security at the time of the loan extension exclusive of
        insured, guaranteed or purchased money mortgages was 77.6% and 84.8% during 2021 and 2020, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">At December&#160;31, 2021 and 2020, the Company's RML
        portfolio includes concentrations exceeding 10% for the following states:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify">
      <table id="z541e5b5e89a248c9a664da8f72536f15" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:36.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.235%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration Amount</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration %</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration Amount</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration %</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">California</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">500&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35.6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">353&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46.3&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Florida</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The maximum lending rates for RMLs made during 2021
        and 2020 was 11.0% and 8.3%. The minimum lending rates for RMLs made during 2021 and 2020 was 2.8% and 3.0%. The maximum percentage of any one loan to the value of security at the time of the loan extension exclusive of insured, guaranteed or
        purchased money mortgages for RMLs was 94.8% and 93.3% during 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, there were no
        taxes, assessments, or amounts advanced that were excluded from the mortgage loan investment total.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(1)&#160;&#160;&#160;&#160;Age
        Analysis of Mortgage Loans</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table presents an age analysis of the
        Company's mortgage loan investments as of December&#160;31, 2021 and 2020 by type:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zd9d86e812bb444d2a5f0352439504a24" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.492%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:37.374%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.348%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.270%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.611%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.348%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.349%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Commercial</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Commercial</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,364&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,732&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">693&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,813&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30-59 Days Past Due</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60-89 Days Past Due</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90-179 Days Past Due</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180+ Days Past Due</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,406&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,748&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">764&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,870&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For mortgage loans investments greater than 90 days
        past due and still accruing interest, the recorded investment and interest accrued as of December&#160;31, 2021 and 2020 are shown below by type:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zfef741dbf75645edb054ebd7d2e7b8e0" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:38.532%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.782%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.782%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.782%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.786%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Commercial</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Residential</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Commercial</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accruing Interest 90-179
                Days Past Due</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recorded
                Investment</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest
                Accrued</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accruing Interest 180+
                Days Past Due</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recorded
                Investment</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest
                Accrued</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There were no mortgage loan investments for which
        interest was reduced as of December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020 there were no RMLs
        in which the Company participated as a co-lender in a mortgage loan agreement. As of December&#160;31, 2021 and 2020, for CML investments, the recorded investment for which the Company participated as a co-lender in a mortgage loan agreement was $2,471
        and $1,979, respectively. </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z723785bd82114a37b7547be4c5c785ed" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(2) Impaired
        Mortgage Loans&#160;&#160;&#160;&#160;</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">For the years ended December&#160;31, 2021, and 2020, the
        recorded investment in impaired CMLs was $16, and $25, respectively. These amounts also represent the average recorded investment in impaired mortgage loans for the year ended December&#160;31, 2021, and 2020. There was no related allowance for credit
        losses on these investments and the Company did not participate as a co-lender in the related mortgage loan agreement. In addition, the impaired CMLs were not in nonaccrual status and no interest income recognized using a cash-basis method of
        accounting during the time that the loan was impaired. There was no recorded investment in impaired RMLs for the years ended December&#160;31, 2021, and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There was $0, $1 and $0 interest income recognized
        on impaired mortgage loans as of December&#160;31, 2021, 2020 and 2019, respectively. The Company recognizes interest income on its impaired mortgage loans upon receipt of payment.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the Company
        derecognized mortgage loans as a result of foreclosure of $4 and $0, respectively. </font></div>
    <div style="padding-left:36pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(3) Credit Quality Indicators</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company analyzes certain financing receivables
        for credit risk by using specific credit quality indicators. The Company has determined the loan-to-value ratio and the debt service coverage ratio are the most reliable indicators in analyzing the credit risk of its CML portfolio. The
        loan-to-value ratio is based on the Company&#8217;s internal valuation methodologies, including discounted cash flow analysis and comparative sales, depending on the characteristics of the property being evaluated. The debt service coverage ratio
        analysis is normalized to reflect a 25&#160;year amortization schedule. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The credit quality of CMLs as of December&#160;31 is
        shown below:</font></div>
    <div style="margin-top:5pt;padding-left:54pt;text-align:justify">
      <table id="z8d512004d43f4602b5eddfb3dc162cc2" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.806%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.107%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.107%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.970%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.940%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.970%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.107%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.441%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.944%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Debt Service Coverage Ratios</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Greater than 1.4x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.2x &#8211; 1.4x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.0x &#8211; 1.2x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less than 1.0x</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percent of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan-to-value ratios:</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less than 50%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,528&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">663&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,348&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50% &#8211; 60%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,459&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">775&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">249&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">824&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,307&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60% &#8211; 70%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,077&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,099&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">444&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,901&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70% &#8211; 80%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">176&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80% &#8211; 90%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90% &#8211; 100%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater than
                100%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,087&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,022&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">679&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,960&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,748&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt;text-align:justify">
      <table id="z1232d19c8937488095f0ea35eb13b25e" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.639%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.010%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.127%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.127%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.127%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.127%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.132%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.465%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Debt Service Coverage Ratios</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Greater than 1.4x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.2x &#8211; 1.4x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.0x &#8211; 1.2x</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less than 1.0x</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percent of Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan-to-value ratios:</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less than 50%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,992&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">622&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,739&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50% &#8211; 60%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,477&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">770&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">359&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,738&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60% &#8211; 70%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,288&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">905&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">582&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,048&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70% &#8211; 80%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80% &#8211; 90%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90% &#8211; 100%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater than
                100%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,757&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,911&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">605&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,598&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,871&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z70027821885c495ba501c2a54b003c40" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has determined the delinquency status
        and the loan-to-value ratio are the most reliable indicators in analyzing the credit risk of its RML portfolio. The loan-to-value ratio is based on the Company's internal valuation methodologies, including discounted cash flow analysis and
        comparative sales, depending on the characteristics of the property being evaluated.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The loan-to-value ratios of RMLs as of December 31 are shown below:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;"> </font>
      <table id="z1faa560b364942dc86d49fbb5917760c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.339%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.916%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.891%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.472%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.891%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.472%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.891%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.472%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.895%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt 2px 73pt;text-align:left;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt 2px 73pt;text-align:left;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percent of Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percent of Total</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan-to-value ratios:</font></td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Below 70%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">353&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25.1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71% to 80%</font></td>
            <td style="padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">705</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50.1&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">381</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49.9&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81% to 90%</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">316</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91% to 95%</font></td>
            <td style="padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.3&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:right;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.6&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Above 95%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,407&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">764&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0&#160;</font></td>
            <td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f)&#160;&#160;&#160;&#160;Loan-Backed Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">SSAP No.&#160;43R requires the bifurcation of impairment
        losses on loan-backed or structured securities into interest and noninterest-related portions. The noninterest portion is the difference between the present value of cash flows expected to be collected from the security and the amortized cost basis
        of the security. The interest portion is the difference between the present value of cash flows expected to be collected from the security and its fair value at the balance sheet date.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company recognized loan-backed securities in
        OTTI for the year ended December&#160;31, 2021 as follow:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify">
      <table id="z736a03db8b494d1c9ad6dfdb32e09730" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.240%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.013%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.372%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.465%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.372%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.465%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.372%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.465%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.376%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">OTTI Recognized in Loss</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amortized Cost Basis Before OTTI</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Interest</font></td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-Interest</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair Value </font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">OTTI Recognized:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Intent to sell</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">38&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Annual aggregate
                total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">38&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company had no loan-backed securities recognized
        in OTTI for the years ended December&#160;31, 2020 and 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(g)&#160;&#160;&#160;&#160;Derivatives and Hedging Instruments </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company uses exchange-traded and OTC derivative
        instruments as a risk management strategy to economically hedge its exposure to various market risks associated with both its products and operations. Derivative assets and liabilities that do not qualify for hedge accounting treatment are recorded
        at fair value in the Statutory Financial Statements using valuation techniques further discussed in Note 6.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company does not have derivative contracts with
        financing premium as of December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Derivatives held by the Company are designated as
        either a cash flow hedging instrument (cash flow hedge) or nonqualified hedging instrument (nonqualifying strategies).</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z7d134492f77e434483b831101ab2a097" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(1) Cash Flow Hedges</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:40.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Foreign Currency Swaps on Debt Securities </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Foreign currency swaps have notional amounts and
        maturity dates equal and offsetting to the underlying debt securities and are determined to be highly effective as of December&#160;31, 2021 and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(2) Fair Value Hedges</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Interest Rate Swaps on Variable Annuity Insurance
        Liabilities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">IRS traded after June 2013 are centrally cleared
        through an exchange. For IRS traded prior to June 2013 the IRS exposure was netted with other OTC derivatives upon settlement and were subject to the rules of the International Swaps and Derivatives Association, Inc. agreements. The fair values of
        the collateral posted for OTC and exchange traded derivatives are discussed in the derivative collateral management section below. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Prior to January 1, 2020, the Company designated
        hedge accounting for these IRS as a cash flow hedge under SSAP No. 86. The amounts previously recorded under the SSAP No. 86 relationship continue to be deferred and amortized over the life of the former hedge program. Effective January 1, 2020,
        the Company de-designated its previous hedging relationship under SSAP No. 86 and simultaneously designated the hedging relationship under SSAP No. 108 as a fair value hedge. The relationship is deemed to be highly effective at December&#160;31, 2021.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">&#160;&#160;&#160;&#160;(3) Nonqualifying Strategies</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Futures and Options Contracts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">OTC options and ETO are cleared through the Options
        Clearing Corporation, which operates under the jurisdiction of both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission. The fair values of the collateral posted for futures, OTC options, and ETO are
        discussed in the derivative collateral management section below.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Interest Rate Swaps</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company can receive the fixed or variable rate;
        IRS are traded in varying maturities. The fair values of the collateral posted and variation margin for OTC and centrally cleared IRS are discussed in the derivative collateral management section below. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Credit Default Swaps </font></div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The CDS within the investment portfolios assume credit risk from a single entity or
        referenced index for the purpose of synthetically replicating investment transactions. The Company can be required to pay or be the net receiver on the contract depending on the net position. Credit events include bankruptcy of the reference and
        failure to pay by the reference. Prior to January 1, 2021, the notional amount is equal to the maximum potential future loss amount. Beginning January 1, 2021, the Company updated the potential future exposure (PFE) to zero, as PFE is not
        determinable. The PFE is zero for the following reasons:</font></div>
    <div style="padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(a) CDS are used to hedge indices allocated to products by policyholders.
        Fluctuations in value of the CDS are offset by credits provided to policyholders and results in a minimal amount of hedge inefficiency. It is impossible to determine the potential future amount of hedge inefficiency.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(b) The CDS used are exchange traded and daily
        variation margin is required to settle market movements. This minimizes counterparty credit risk. It also makes it impossible to determine what the potential future exposure related to counterparty risk, net of variation margin received could be. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of the collateral posted for
        centrally cleared CDS is discussed in the derivative collateral management section below.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zfb328a49dc6a4eccb4ebcd4ea5c1dc18" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
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      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Total Return Swaps</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company engages in the use of OTC TRS, </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">which allow the parties to exchange cash flows based on a variable reference rate such as the three-month LIBOR
        and the return of an underlying index. </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of the collateral posted for OTC TRS is discussed in the derivative
        collateral management section below.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">To Be Announced Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company uses OTC TBA forward contracts to gain
        exposure to the investment risk and return of mortgage-backed securities. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. The fair value of the collateral posted
        for OTC TBA securities is discussed in the derivative collateral management section below. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table presents a summary of the
        aggregate notional amounts and fair values of the Company&#8217;s derivative instruments reported on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus as of December 31: &#160;&#160;&#160;&#160;</font></div>
    <div style="margin-top:5pt;padding-left:54pt;text-align:justify">
      <table id="z81387d006b044c89a868d5ac965f653c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.390%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:31.292%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.361%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.866%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.866%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.195%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.866%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.630%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.874%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Fair Value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Fair Value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Notional</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline"> (1)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Notional</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline"> (1)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Liabilities</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Cash flow hedging
                instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign currency swaps</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,583&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(33)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,341&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(76)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total cash
                flow hedging instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(33)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(76)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair value hedging
                instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">IRS</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,696&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">305&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,511&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,709&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">472&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(40)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total fair
                value hedging instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">305&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,511&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">472&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(40)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nonqualifying hedging
                instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">OTC options</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55,270&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,174&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,822)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51,430&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,433&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,013)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">ETO</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19,388&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">114&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(119)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,224&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">136&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(96)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TBA securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,987&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,331&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">IRS </font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,233&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,545)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,631&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Futures</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19,591&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19,312&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TRS</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,633&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(15)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,653&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total
                nonqualifying hedging instruments</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,296&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5,501)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,586&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,146)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total derivative
                instruments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,682&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,023)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,114&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,262)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="39">
              <div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> Notional amounts are presented on an absolute basis.</font></div>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
          </tr>

      </table>
    </div>
    <div style="margin-top:3pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Derivative Collateral Management</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company manages derivative collateral for the
        general account and separate account combined and separate collateral for exchange-traded and OTC derivatives. The total collateral posted for exchange-traded derivatives at December&#160;31, 2021 and 2020, had a fair value of $2,432 and $2,476,
        respectively, and is included in Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus and recorded at amortized cost. The Company retains ownership of the exchange-traded collateral, but the collateral resides
        in an account designated by the exchange. The collateral is subject to specific exchange rules regarding rehypothecation. The total collateral posted for OTC derivatives at December&#160;31, 2021 and 2020, had a fair value of $2 and $3, respectively,
        and is included in Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The Company posts collateral to OTC counterparties based upon exposure amounts. The Company retains ownership of the OTC collateral.</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zeba6f9e1b2594107890d03fa3b207fd9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(h)&#160;&#160;&#160;&#160;Offsetting Assets and Liabilities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company elects to disclose derivative assets and
        liabilities eligible for offset under SSAP No.&#160;64 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Offsetting and Netting of Assets and Liabilities</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> on a gross basis on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with the provisions
        set forth in SSAP No.&#160;86. This treatment is consistent with the Company&#8217;s historical reporting presentation.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(i)&#160;&#160;&#160;&#160;Securities Lending</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company loaned securities with a carrying value
        of $2,809 and $2,212 and a fair value of $3,022 and $2,610 as of December&#160;31, 2021 and 2020, respectively. The aggregate amount of collateral received through securities lending at December&#160;31 is as follows: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="ze1baf02713504a39b8df1f686b05092c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:58.900%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.068%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair Value</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Open</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30 days or
                less</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31 to 60
                days</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61 to 90
                days</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater than
                90 days</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Securities received</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">500&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                collateral received</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,094&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,673&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The aggregate amount of cash collateral reinvested
        through securities lending at December&#160;31 is as follows: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zc267ced6e8314742a32c821dde7ec3a1" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.639%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:38.598%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.143%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized cost</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortized cost</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Open</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30 days or less</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">949&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">949&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">950&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">950&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31 to 60 days</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">837&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">837&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">955&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">955&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61 to 90 days</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91 to 120 days</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121 to 180 days</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">308&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">308&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181 to 365 days</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">277&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">277&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">473&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">473&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater than 1 year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                collateral reinvested</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the Company had no
        borrowings outstanding from collateral securities lending. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reinvested collateral is recorded in Other invested
        assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The amount and type of reinvested collateral at December 31 is as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z820b5cab3748498f8f7a581df504825f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:59.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.068%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash
                equivalents</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,665&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,630&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term investments</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">929&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">957&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z45d6665ff4f74f01b22f3498d14322cd" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(j) &#160;&#160;&#160;&#160;Reverse Repurchase
        Agreements</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company participates in both bilateral and
        tri-party repos. As of December&#160;31, 2021 and 2020, the Company did not sell or acquire any securities that resulted in default. The Company did not recognize a liability to return cash collateral as of December&#160;31, 2021 and 2020. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">All collateral received, as of December&#160;31, 2021 and
        2020, were bonds with a designated NAIC-1 rating. Further information related to repos for the years ended December&#160;31, 2021 and 2020, is as follows:&#160;&#160;&#160;&#160;</font></div>
    <div style="margin-top:5pt;padding-left:54pt;text-align:justify">
      <table id="z9b87d0199eb64403a61fd41b3cfbe3e3" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.430%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.436%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">As of year end</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="9">
              <div style="padding-left:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1. Maturity</font></div>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12">
              <div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">a. Overnight</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">430&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12">
              <div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">b. 2 Days to 1 Week</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12">
              <div style="padding-left:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2. Collateral Pledged and Securities Acquired Under Repo</font></div>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12">
              <div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">a. Cash Collateral Pledged - Secured Borrowing</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">430&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12">
              <div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">b. Fair Value of Securities Acquired Under Repo - Secured Borrowing</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">435&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify">
      <table id="z536f810a40714b87914a52b353ba93a6" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.430%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.436%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Maximum Amount</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1. Maturity</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">a. Overnight</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,878&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">b. 2 Days to 1
                Week</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2. Collateral
                Pledged and Securities Acquired Under Repo</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">a. Cash
                Collateral Pledged - Secured Borrowing</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,878&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">b. Fair Value
                of Securities Acquired Under Repo - Secured Borrowing</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,161&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,906&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(k)&#160;&#160;&#160;&#160;Non-insurance SCA
        Investments</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">A summary of the Company&#8217;s SSAP No. 97 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Investments in Subsidiary, Controlled and Affiliated Entities</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">, non-insurance SCA investments, including their respective asset value and NAIC filing information, as of December&#160;31, 2021 is as follows: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z59bda1b0d1e44aa58380444f3b8e208e" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.639%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:26.203%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.447%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.447%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.280%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.447%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.280%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.447%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.637%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.790%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">SCA Name</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Asset</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-Admitted Asset</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Admitted Assets</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NAIC Filing Date</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NAIC Filing Type</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NAIC Filing Balance</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Re-submission Required?</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">AZLPF</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">789&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">789&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5/25/2021</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">S2</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">777&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">N</font></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">789&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">789&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">777&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">XXX</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(l)&#160;&#160;&#160;&#160;FHLB Agreements </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company held Class A FHLB membership stock of
        $10 and $10 at December&#160;31, 2021 and 2020 and activity stock of $80 and $60 at December&#160;31, 2021 and 2020, respectively. The Company has a fully collateralized borrowings with a balance of $2,000 and $1,500 as of December&#160;31, 2021 and 2020 which is
        recorded in Borrowed money on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. All FHLB transaction activity occurs in the Company's general account.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Securities collateral pledged to FHLB at December 31 is as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zad284c4bb88946d3bc4ef38340abd655" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:58.165%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.432%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.435%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Carrying value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,988&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,336&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,381&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,736&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The maximum of collateral pledged to FHLB during the year ended
        December 31 was as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zce53bf156afc472bb82482769bea56e1" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:58.165%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.432%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:18.435%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Carrying value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,290&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,994&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Fair value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,052&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,254&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z0536dab0ebad4aa7afdcf12dec9a9a35" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the Company had
        $2,000 and $1,500, respectively, in total borrowing capacity under its agreement with the FHLB. The maximum amount of aggregate borrowing from FHLB during the years ended December&#160;31, 2021 and 2020 was $4,000 and $2,000, respectively. Borrowings
        are not subject to prepayment penalties. Outstanding borrowings as of December&#160;31, 2021, were issued on various dates ranging from October 17, 2016 to December 20, 2021 and interest rates on those borrowings range from 0.2% to 3.2%. Interest paid
        on borrowings was $17 and $15 for the year ended December&#160;31, 2021 and 2020 .</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(m)&#160;&#160;&#160;&#160;Restricted Assets</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the Company had
        the following restricted assets, including assets pledged to others as collateral:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z183a372e67084df1bbf24fbd659d84b1" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.687%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:24.413%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.030%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:10.030%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.489%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.656%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.402%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Restricted</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percentage</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total general account</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total from prior year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Increase (decrease)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total current year
                admitted restricted</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross restricted to total assets</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Admitted restricted to total admitted assets</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Collateral held under
                security lending arrangements</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,094&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,673&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">421&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,094&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.8&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.8&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">FHLB Capital Stock</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">90&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">70&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">90&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">On deposit with states</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">On deposit with other
                regulatory bodies</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Pledged as collateral to
                FHLB (including assets backing funding agreements)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,988&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,336&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">652&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,988&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative collateral</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,338&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,266&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">72&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,338&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Modco Assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">25,773&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">25,773&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">25,773&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total restricted
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33,314&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,368&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26,946&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33,314&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19.0&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19.1&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(n)&#160;&#160;&#160;&#160;Low Income Housing Tax Credits</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 the Company had various
        LIHTC investments with a range of 4 to 13 remaining years of unexpired tax credits and no required holding period. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The amount of tax credits and other tax benefits
        recognized during the years ended December&#160;31, 2021, 2020 and 2019 is $44, $38, and $29, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The balance of the investment recognized in the
        Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for the years ended December&#160;31, 2021 and 2020 is $503 and $403, respectively. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Additionally, the Company's LIHTC investments
        require a commitment of capital. The Company has open capital commitments of $271 and $199 at December&#160;31, 2021 and 2020, respectively, which are recorded as an unfunded commitment liability in other liabilities. LIHTC commitments are considered an
        open capital commitment beginning when the Company formally commits to fund the LIHTC, but they are not recorded as an unfunded commitment asset and liability until the Company has begun funding the LIHTC.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(o)&#160;&#160;&#160;&#160;5GI Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, details regarding
        the Company's 5GI securities are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt;text-align:justify">
      <table id="zadd4260cf7b34257ae54d42d60e8c282" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.789%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:19.468%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.769%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.769%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.114%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.116%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Number of Securities</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aggregate Book Adjusted Carrying Value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aggregate Fair Value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Number of Securities</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aggregate Book Adjusted Carrying Value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Aggregate Fair Value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Loan-backed and
                structured securities</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z958b8e72377d4beb9744d890ee708ff9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(6)&#160;&#160;&#160;&#160;Fair Value Measurements</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">SSAP No. 100R &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Fair Value</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> establishes a fair value hierarchy that prioritizes the inputs used in the valuation techniques to measure fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-45pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Level&#160;1 &#8211; &#160;&#160;&#160;&#160;Unadjusted quoted
        prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-45pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Level&#160;2 &#8211; &#160;&#160;&#160;&#160;Valuations derived
        from techniques that utilize observable inputs, other than quoted prices included in Level&#160;1, which are observable for the asset or liability either directly or indirectly, such as: </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(a)&#160;&#160;&#160;&#160;Quoted prices for similar assets or
        liabilities in active markets. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Quoted prices for identical or similar assets
        or liabilities in markets that are not active. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(c)&#160;&#160;&#160;&#160;Inputs other than quoted prices that are
        observable. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">(d)&#160;&#160;&#160;&#160;Inputs that are derived
        principally from or corroborated by observable market data by correlation or other means. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-align:justify;text-indent:-45pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Level&#160;3 &#8211; &#160;&#160;&#160;&#160;Valuations derived
        from techniques in which the significant inputs are unobservable. Level&#160;3 fair values reflect the Company&#8217;s own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about
        risk). </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has analyzed the valuation techniques
        and related inputs, evaluated its assets and liabilities reported at fair value, and determined an appropriate fair value hierarchy level based upon trading activity and the observability of market inputs. Based on the results of this evaluation
        and investment class analysis, each financial asset and liability was classified into Level&#160;1, 2, or 3.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following presents the assets and liabilities
        measured at fair value on a recurring basis and their corresponding level in the fair value hierarchy at December&#160;31: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z48a3dcb68b274e7fb854f89d1daf7468" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.345%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:36.695%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.689%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (a)</font></div>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Assets
                at fair value:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,644&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,758&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate
                account assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,319&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,043&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,362&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets
                reported at fair value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,646&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,690&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,336&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Liabilities
                at fair value:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,894&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,028&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate
                account derivative liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,329&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,329&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                liabilities reported at fair value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,223&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,357&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:9pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="27">
              <div style="padding-left:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> The Company does not have any assets or liabilities measured at net asset value (NAV) that are included in Level 2 within this
                  table.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z2f60d63bf8ff43cbb888360b1f90f243" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:27pt">
      <table id="z424097f3081545b6a31df5fabb36bc07" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.345%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:36.695%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.689%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.391%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="21"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(a)</font></div>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 3</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Assets
                at fair value:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">163&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,036&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,179&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate
                account assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,789&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,408&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,197&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets
                reported at fair value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,088&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,448&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,544&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Liabilities
                at fair value:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Derivative
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,161&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,275&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate
                account derivative liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,332&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,332&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                liabilities reported at fair value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,493&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,607&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:9pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="27">
              <div style="padding-left:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> The Company does not have any assets or liabilities measured at NAV that are included in Level 2 within this table.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:10pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following is a discussion of the methodologies used to
        determine fair values for the assets and liabilities listed in the above table. These fair values represent an exit price (i.e., what a buyer in the marketplace would pay for an asset in a current sale or charge to transfer a liability). The
        Company has not made changes to valuation techniques in 2021. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a)&#160;&#160;&#160;&#160;Valuation of Bonds and Unaffiliated Stock</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of bonds is based on quoted market
        prices in active markets when available. Based on the market data, the securities are categorized into asset class, and based on the asset class of the security, appropriate pricing applications, models and related methodology, and standard inputs
        are utilized to determine what a buyer in the marketplace would pay for the security in a current sale. When quoted prices are not readily available or in an inactive market, standard inputs used in the valuation models, listed in approximate order
        of priority, include, but are not limited to, benchmark yields, reported trades, Municipal Securities Rulemaking Board reported trades, Nationally Recognized Municipal Securities Information Repository material event notices, broker-dealer quotes,
        issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and industry and economic events. In some cases, including private placement securities and certain difficult-to-price securities, internal pricing models may be
        used that are based on market proxies. Internal pricing models based on market spread and U.S. Treasury rates are used to value private placement holdings. The primarily unobservable input used in the discounted cash flow models for states and
        political subdivisions, foreign government, and corporate bonds is a corporate index option adjusted spread (OAS). CDO and certain mortgage-backed securities are priced by a third-party vendor and the Company internally reviews the valuation for
        reasonableness. The Company does not have insight into the specific inputs; however, the key unobservable inputs would generally include default rates.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Generally, U.S. Treasury securities and
        exchange-traded stocks are included in Level&#160;1. Most bonds for which prices are provided by third-party pricing sources are included in Level&#160;2, because the inputs used are market observable. Bonds for which prices were obtained from broker quotes,
        certain bonds without active trading markets and private placement securities that are internally priced are included in Level&#160;3.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of unaffiliated common stocks is
        based on quoted market prices in active markets when available and included in Level 1. When quoted prices are not readily available or in an inactive market, the Company arrives at fair value utilizing internal pricing models based on available
        market inputs or obtains valuations from third party brokers or investment managers. Such investments may be categorized in Level 2 or Level 3. The primary unobservable input used to value common stock are indicative quotes received from
        third-party vendors. </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z6f57e57c3f1b458ca999342ea65bfdc4" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of unaffiliated preferred stocks is
        based on quoted market prices in active markets. When available, such investments are included in Level 1. When quoted prices are not readily available or in an inactive market, the Company arrives at fair value utilizing internal pricing models
        based on available market inputs. Such investments may be categorized in Level 2 or Level 3.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Valuation of Derivatives</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Active markets for OTC options do not exist. The
        fair value of OTC options is derived internally, by calculating their expected discounted cash flows, using a set of calibrated, risk-neutral stochastic scenarios, including a market data monitor, a market data model generator, a stochastic
        scenario calibrator, and the actual asset pricing calculator. The valuation results are reviewed by Management via the Pricing Committee. OTC options that are internally priced, foreign currency swaps, credit default swaps (CDS), To Be Announced
        (TBA) securities, and interest rate swaps (IRS) are included in Level&#160;2, because they use market observable inputs. TRS are included in Level&#160;3 because they use valuation techniques in which significant inputs are unobservable. The fair value of
        ETOs and futures are based on quoted market prices and are generally included in Level&#160;1. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Certain derivatives are priced using external
        third-party vendors. The Company has controls in place to monitor the valuations of these derivatives. Using market observable inputs, IRS prices are derived from a third-party source and are independently recalculated internally and reviewed for
        reasonableness at the position level on a monthly basis. TRS prices are obtained from the respective counterparties. These prices are also internally recalculated and reviewed for reasonableness at the position level on a monthly basis. The Company
        does not have insight into the specific inputs used by third-party vendors; however, the key unobservable input would generally include the spread.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c)&#160;&#160;&#160;&#160;Valuation of Separate Account Assets and
        Separate Account Derivative Liabilities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Separate account assets and Separate account
        derivative liabilities, with the exception of certain bonds, cash, cash equivalents, and investment income due and accrued, are carried at fair value, which is based on the fair value of the underlying assets which are described throughout this
        note. Funds in the separate accounts are primarily invested in variable investment option funds with the following investment types: bond, domestic equity, international equity, or specialty. Variable investment option funds are included in Level&#160;1
        because their fair value is based on quoted prices in active, observable markets. The remaining investments are categorized similar to the investments held by the Company in the general account (e.g., if the separate account invested in bonds,
        short-term investments and derivatives, that portion could be classified within Level&#160;2 or Level&#160;3). Certain bonds, cash, and cash equivalents, along with related accrued investment income, carried at amortized cost within the separate account have
        an amortized cost of $19,917 and $12,704 as of December&#160;31, 2021 and 2020, respectively, and a fair value of $20,719 and $13,689 as of December&#160;31, 2021 and 2020, respectively. Separate account assets carried at amortized cost are included in the
        table in section 6(h) below. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)&#160;&#160;&#160;&#160;Level&#160;3 Rollforward</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following table provides a reconciliation of the
        beginning and ending balances for the Company&#8217;s Level&#160;3 assets and liabilities measured at fair value on a recurring basis:</font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z27b9d162347b4b4db4816aaf77f70b4a" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zda38b0ed5d404f22a9e721ac3aed4471" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.039%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.065%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.210%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.041%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.210%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.210%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.041%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.210%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.213%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">January 1, 2021</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transfers into<br>
                Level 3</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transfers out<br>
                of Level 3</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total gains<br>
                and (losses)<br>
                included in<br>
                Net Income</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total gains<br>
                and (losses)<br>
                included in<br>
                Surplus</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Purchases, issuances, sales and settlements</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">December 31, 2021</font></td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Preferred stocks</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(41)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TRS assets</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">297&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(7)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(297)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total Level 3
                Assets</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">297&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(7)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(298)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TRS liabilities</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(423)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">423&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(15)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total Level 3
                Liabilities</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(423)</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">423&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(15)</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z2742fd7dd4a146b99fd5f7a507a2f458" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.888%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.582%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.231%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.232%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">January 1, 2020</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transfers into<br>
                Level 3</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transfers out<br>
                of Level 3</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total gains<br>
                and (losses)<br>
                included in<br>
                Net Income</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total gains<br>
                and (losses)<br>
                included in<br>
                Surplus</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Purchases, issuances, sales and settlements</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">December 31, 2020</font></td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common stocks</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TRS assets</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">960&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(960)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total Level 3
                Assets</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">960&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(960)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">TRS liabilities</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(13)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(568)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">568&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total Level 3
                Liabilities</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(13)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(568)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">568&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(18)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e)&#160;&#160;&#160;&#160;Transfers</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company reviews its fair value hierarchy
        classifications annually. Transfers between levels occur when there are changes in the observability of inputs and market activity. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">All transfers into Level 3 were a result of
        observable inputs no longer being considered reliable or could no longer be validated against an alternative source. The transfers out of Level 3 were a result of securities no longer being carried at fair value as a result of new availability of
        reliable observable inputs or the ability to validate market price of the security against an alternative source.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f)&#160;&#160;&#160;&#160;Sensitivity of Fair Value Measurements to
        Changes in Unobservable Inputs</font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Bonds: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The primary unobservable input used in the discounted cash flow models for states and political subdivisions, foreign government, and
        corporate bonds is a corporate index option adjusted spread (OAS). The corporate index OAS used is based on a security's sector, rating, and average life. A significant increase (decrease) of the corporate index OAS in isolation could result in a
        decrease (increase) in fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">CDO and certain mortgage-backed securities are
        priced by a third-party vendor and the Company internally reviews the valuation for reasonableness. The Company does not have insight into the specific inputs used; however, the key unobservable inputs would generally include default rates. A
        significant increase (decrease) in default rates in isolation could result in an decrease (increase) in fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Common and preferred stocks: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The primary unobservable inputs used to value common and preferred stock are indicative quotes received from third-party vendors and
        subsequent offering prices. A significant increase (decrease) in either the indicative quotes or offering prices in isolation could result in an increase (decrease) in fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Derivative assets and liabilities: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The TRS are priced by a third-party vendor and the Company internally reviews the valuation for reasonableness. The Company does not have
        insight into the specific inputs used; however, the key unobservable input would generally include the spread. For a long position, a significant increase (decrease) in the spread used in the fair value of the TRS in isolation could result in
        higher (lower) </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z1f408aee1163443583f612ddc38e0f39" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">fair value. For a short position, a significant
        increase (decrease) in the spread used in the fair value of the TRS in isolation could result in lower (higher) fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(g)&#160;&#160;&#160;&#160;Estimates</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has been able to estimate the fair value
        of all financial assets and liabilities.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(h)&#160;&#160;&#160;&#160;Aggregate Fair Value of Financial Instruments</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The following tables present the carrying amounts
        and fair values of all financial instruments at December 31 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(b)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zd72eb2af58b24d3f83f5a357aae27d69" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:25.566%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.737%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="27"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair Value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Fair Value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Admitted Assets/<br>
                Carrying Value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 1</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 2</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 3</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Financial
                Assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">104,413&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">93,817&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,062&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">81,773&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">18,578&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common
                stocks, unaffiliated</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">303&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">303&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">213&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">90&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage
                loans on real estate</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,673&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,154&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,673&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash
                equivalents</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,210&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,210&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,694&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,516&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative
                assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,758&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,682&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">114&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,644&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securities
                lending reinvested collateral assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other
                invested assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,052&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,052&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">102&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">950&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">COLI</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">713&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">713&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">713&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Separate
                account assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">49,082&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,298&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26,784&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Financial
                Liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Deposit-type
                contracts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,056&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,577&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,056&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other
                investment contracts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">97,132&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">88,311&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">97,132&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Borrowed
                money</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,976&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,001&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,976&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,028&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,023&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">119&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,894&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payable for
                securities lending</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,594&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payable for
                securities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">271&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">271&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">271&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Separate
                account liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">49,082&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">48,279&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,298&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26,784&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="33">
              <div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> The Company does not have any assets or liabilities measured at NAV that are included in Level 2 in this table. In addition,
                  the Company has no assets or liabilities for which it is not practicable to measure at fair value.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z0d5248545e964262a380165a2cffab43" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:54pt">
      <table id="zea8fa584e03d471dbee9bae5ca7c7679" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.090%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:25.566%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.737%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="27"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fair Value</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Fair Value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Admitted Assets/
                Carrying Value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 1</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 2</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Level 3</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Financial
                Assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">115,710&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">99,088&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,995&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">93,714&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,001&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Preferred
                stocks, unaffiliated</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">43&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">43&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common
                stocks, unaffiliated</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">234&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">234&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">163&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">71&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage
                loans on real estate</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,117&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,634&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,117&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash
                equivalents</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">878&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">878&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">448&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">430&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,179&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,114&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">136&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,036&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securities
                lending reinvested collateral assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other
                invested assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">757&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">757&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">23&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">734&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">COLI</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">653&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">653&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">653&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Separate
                account assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">46,886&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,732&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24,154&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">Financial
                Liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Deposit-type
                contracts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,395&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,749&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,395&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other
                investment contracts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">103,518&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">95,083&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">103,518&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Borrowed
                money</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,516&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,501&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,516&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative
                liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,275&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,262&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">96&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,161&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payable for
                securities lending</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,587&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payable for
                securities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 16.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Separate
                account liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">46,886&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">45,901&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,732&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24,154&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="33">
              <div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> The Company does not have any assets or liabilities measured at NAV that are included in Level 2 in this table. In addition,
                  the Company has no assets or liabilities for which it is not practicable to measure at fair value.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">A description of the Company&#8217;s valuation techniques for financial
        instruments not reported at fair value and categorized within the fair value hierarchy is shown below:</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of FHLB Stock</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">FHLB stock, included in Common stocks, is not traded
        in an active market and is categorized in Level 3. FHLB stock is carried at cost, which approximates fair value unless it is impaired, based on provisions within the Company&#8217;s FHLB agreement that allow for return of outstanding shares of FHLB stock
        at the Company&#8217;s cost basis.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Mortgage Loans on Real Estate </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of commercial mortgage loans on real
        estate is calculated by analyzing individual loans and assigning ratings to each loan based on a combination of loan-to-value ratios and debt service coverage ratios. Fair value is determined based on these factors as well as the contractual cash
        flows of each loan and the current market interest rates for similar loans. The fair value of residential mortgage loans on real estate is calculated by discounting estimated cash flows, with discount rates based on current market conditions.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="ze75aab26536b401a8cadccab6daa0261" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Cash Equivalents</font></div>
    <div style="margin-bottom:7pt;margin-top:3pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Cash equivalents are comprised of money market
        mutual funds, cash equivalent bonds, and reverse repurchase agreements. The fair value of money market mutual funds and cash equivalent bonds are based on quoted market prices in active markets and included in Level 1. Reverse repurchase prices are
        provided by third-party pricing sources and included in Level 2, because the inputs used to determine fair value are market observable. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Securities Lending Reinvested Collateral Assets </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Collateral held from securities lending agreements
        is primarily comprised of short-term and long-term highly liquid fixed-maturity securities. Fair values are determined and classified within the fair value hierarchy in a manner consistent with the method utilized to determine the fair value of
        similar securities (fixed-income securities, equity securities, cash and cash equivalents) held within the Company&#8217;s general account investment portfolio. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Other Invested Assets</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other invested assets include LIHTC investments,
        limited partnership investments, loans to affiliates, and restricted stock unit (RSU) assets. As there is no observable market data on which to calculate fair value of the LIHTC investment balances, the fair value is set equal to carrying value.
        Limited partnership investments are recorded using the cost method in line with SSAP No. 48 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Joint
        Ventures, Partnerships and Limited Liability Companies</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> using unobservable inputs. Loans to affiliates are carried at cost;
        due to the lack of an active market, the current carrying value is the only market price at which the transaction could be settled, the Company believes cost approximates fair value. Due to the use of unobservable inputs, LIHTC investments, limited
        partnership investments, and loans to affiliates are categorized as Level 3. RSU assets tied to the share price of Allianz SE stock but does not participate in an active market; given this, it is categorized as Level 2.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of COLI</font></div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The COLI policies held by the Company are carried at their respective cash surrender
        values, which approximates fair value. The cash surrender value of the policies is based on the value of the underlying assets, which are regularly priced utilizing observable inputs. The COLI asset is included within Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. At December&#160;31, 2021 and 2020, the cash surrender value in an investment vehicle is $713 and $653, respectively, and is allocated into the following categories based on primary
        underlying investment characteristics:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="za6562552c7aa42a38d69c6621f15a862" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.939%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:54.492%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.103%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.105%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bonds</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">80.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stocks</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Invested Assets</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.0&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Deposit-Type Contracts </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Fair values of deposit-type contracts are based on
        discounted cash flows using internal inputs, including the discount rate and consideration of the Company&#8217;s own credit standing and a risk margin for actuarial inputs. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Other Investment Contracts </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Other investment contracts are included within Life
        policies and annuity contracts within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Other investment contracts include certain reserves related to deferred annuities and other payout annuities that may include
        life contingencies, but do not have significant mortality risk due to substantial periods certain. Fair values are based on discounted cash flows using internal inputs, including the discount rate and consideration of the Company&#8217;s own credit
        standing and a risk margin for market inputs. </font></div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z58fcfde567694ea2a7616e29329348b0" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Borrowed Money </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of the FHLB borrowing is calculated
        on a discounted cash flow basis. Each position includes a monthly interest rate, a maturity payment amount, and a maturity date. The interest and maturity payments are projected as of the valuation date, and the expected cash flows are discounted
        using the valuation date swap curve. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Payable for Securities Lending</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Securities lending payable is set equal the to the
        cash collateral received. Due to the short-term nature of these loans, the carrying value is deemed to approximate fair value.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Payable for Securities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Included in Payable for securities is the LIHTC
        investments unfunded commitment liability. As there is no observable market data on which to calculate fair value of the LIHTC investment unfunded commitment asset and liability, fair value is set equal to carrying value, and the balance is
        categorized as Level 3.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Valuation of Separate Account Liabilities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The fair value of separate account liabilities
        approximates the fair value of separate account assets.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(7)&#160;&#160;&#160;&#160;Mortgage Notes Payable</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In 2004, the Company obtained an $80 mortgage loan
        from an unrelated third-party for the Company&#8217;s headquarters. In 2005, the Company agreed to enter into a separate loan agreement with the same counterparty in conjunction with the construction of an addition to the Company&#8217;s headquarters of $65.
        This loan was funded in 2006 and combined with the existing mortgage. As of December&#160;31, 2021 and 2020, the combined loan had a balance of $31 and $41, respectively, and is reported within Real estate on the Statutory Statements of Admitted Assets,
        Liabilities, and Capital and Surplus. This 20&#160;year, fully amortizing loan has an interest rate of 5.52%, with a maturity date of August&#160;1, 2024. The level principal and interest payments are made monthly. The loan allows for prepayment; however, it
        is accompanied by a make-whole provision.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Interest expense for all loans is $2, $3, and $3, in
        2021, 2020, and 2019, respectively, and is presented in Net investment income on the Statutory Statements of Operations. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The future principal payments required under the
        loan are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="zc2159afe61d44fe5b3d77b9d2be6c907" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.495%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:81.289%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.511%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2022</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027 and beyond</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:58.5pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z8dbc2aec29dc4b34a7ead798464cc30a" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(8)&#160;&#160;&#160;&#160;Electronic Data Processing Equipment and Software (EDP) </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">EDP at December&#160;31 and the changes in the balance for the years then
        ended are as follows: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z8ccaa772c84345ef920cc4dcdb5eabbe" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.642%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:55.346%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.283%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.586%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:20.285%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software
                amortization</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net EDP balance, by
                major classes of assets:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servers,
                computers and peripherals</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Software</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net EDP balance</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nonadmitted</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(53)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(38)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted
                EDP balance</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has a gross EDP asset of $55 and $73 and
        accumulated depreciation and amortization of $(2) and $(33) at December&#160;31, 2021 and 2020, respectively. Servers, computers and peripherals are depreciated over the lesser of their useful life or three years and the net balance is nonadmitted.
        Software is amortized over the lesser of their useful life or five years. Nonoperating software is nonadmitted and operating software is admitted to the extent it meets the criteria defined in SSAP No.&#160;16R - Electronic Data Processing Equipment and
        Software.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;"> (9)&#160;&#160;&#160;&#160;Income Taxes</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a)&#160;&#160;&#160;&#160;Deferred Tax Assets and Liabilities </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The components of the net DTA or net DTL are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zac6aa10268e04b4ca833ca9c9fb6bca6" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.136%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.601%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">998&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,046&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Statutory valuation allowance adjustments</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">998&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,046&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax assets nonadmitted</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal net admitted deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">992&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(536)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(553)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted deferred tax assets (liabilities)</font></div>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">487&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z31a7204a4e3f48c284ec29587784e035" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.136%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.601%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Statutory valuation allowance adjustments</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax assets nonadmitted</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal net admitted deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(684)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(690)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted deferred tax assets (liabilities)</font></div>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">46&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z95c17633c45a4fafa88c7f18f11c2a2a" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:54pt">
      <table id="z8326b7b7ffce4c3d9b14b980ee0acd9d" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.136%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:41.137%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.597%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:17.601%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Statutory valuation allowance adjustments</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted gross deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax assets nonadmitted</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal net admitted deferred tax assets</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">77&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted deferred tax assets (liabilities)</font></div>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14)</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The amount of admitted adjusted gross DTAs allowed under each component of SSAP
        No.&#160;101 &#8211; </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Income Taxes</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> (SSAP No. 101) as of December 31 are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z044f905b685d4ebab2700cda87677823" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii:</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs allowed per limitation threshold (11.b.ii)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,533&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">456&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs offset by gross DTLs (11.c)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">536&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">536&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:38.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax assets admitted</font></div>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">992&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,040&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z42eadb7450934490b1f4a1d3be34bd7f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii:</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">419&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">468&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs allowed per limitation threshold (11.b.ii)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,108&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">419&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">468&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs offset by gross DTLs (11.c)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">492&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:38.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax assets admitted</font></div>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">963&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z47e86f18f7284cfdb0be25fac103f41f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:54pt">
      <table id="z0ea14702dbd543aa9e3554347c58af46" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:20.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii:</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(49)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs allowed per limitation threshold (11.b.ii)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">N/A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">425&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lesser of 11.b.i or 11.b.ii</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(49)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted gross DTAs offset by gross DTLs (11.c)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:38.25pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax assets admitted</font></div>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">76&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Ratios used for threshold limitation as of December 31 are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zecd6be5aa44f43e4bb78f8bb0fbc5638" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.233%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.237%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ratio percentage used to
                determine recovery period and threshold limitation amount</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,082&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">705&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">377&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amount of adjusted
                capital and surplus used to determine recovery period threshold limitation</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,218&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,386&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,832&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Impact of tax planning strategies on the determination of net admitted
        adjusted gross DTAs is as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zcc0b4c8222234a23b83ff585692cb5ec" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="zf4ff0a03e9bb4be28349021c8d305084" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93.7&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93.7&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="padding-left:54pt">
      <table id="z96b8592049884c8191d9c75d80a564f9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Ordinary</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Capital</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93.7)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(93.7)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s tax planning strategies do not include the use of reinsurance.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Unrecognized Deferred Tax Liabilities</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There are no temporary differences for which DTLs are not recognized.</font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z0805afbe477b497aa928c3511123bd39" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c)&#160;&#160;&#160;&#160;Current and Deferred Income Taxes</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The significant components of income taxes incurred
        (i.e. Current income tax expense) include: </font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z553cc3396b2a403da76d62ec3f108673" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:44.066%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:9.400%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.900%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:8.902%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr style="height:15pt">
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="15"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" rowspan="2" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021-2020
                Change</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" rowspan="2" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020-2019
                Change</font></td>
          </tr>
          <tr style="height:15pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current year federal
                tax expense (benefit) - ordinary income</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,091&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">773&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,073&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(755)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current year foreign
                tax expense (benefit) - ordinary income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,091&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">773&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,073&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(755)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Current year tax
                expense - net realized capital gains (losses)</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">249&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">249&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal and foreign
                income taxes incurred</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,340&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">762&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,322&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(744)</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">DTAs and DTLs consist of the following major
        components:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="za179412cb17a40809e7abed7c0810d98" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.988%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:46.224%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.622%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.622%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.624%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Deferred tax assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ordinary:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized
                losses</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred
                acquisition costs</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">186&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">169&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Expense
                accruals</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">82&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">63&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder
                reserves</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">701&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">666&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fixed assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Nonadmitted
                assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">998&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Statutory
                valuation allowance adjustment</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Nonadmitted
                ordinary deferred tax assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Admitted
                ordinary tax assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">992&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">911&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Impaired
                assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">51&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized
                losses</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Statutory
                valuation allowance adjustment</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Nonadmitted
                capital deferred tax assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Admitted capital
                deferred tax assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Admitted
                deferred tax assets</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,040&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">963&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">77&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zc796ef765b274e859158c56702b9ad40" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="padding-left:54pt">
      <table id="z6aa6a577efe9482b9e47943e8c2d91c9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.988%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:46.224%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.622%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.622%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.636%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.624%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Deferred tax
                liabilities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ordinary:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Investments</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(53)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(54)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fixed assets</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Policyholder
                reserves</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(356)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(445)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Software
                capitalization</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized
                gains</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(64)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(79)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(48)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(94)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">46&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(536)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(684)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">148&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:11pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized
                gains</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(553)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(690)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">137&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net deferred tax
                assets (liabilities)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">487&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">214&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The realization of the DTAs is dependent upon the Company&#8217;s ability
        to generate sufficient taxable income in future periods. Based on historical results and the prospects for future current operations, management anticipates that it is more likely than not that future taxable income will be sufficient for the
        realization of the remaining DTAs.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Coronavirus Aid, Relief, and Economic Security
        Act, (CARES Act of 2020) was enacted on March 27, 2020, thereby allowing net operating losses (NOLs) arising in tax years beginning after December 31, 2017, and before January 1, 2021 (e.g., NOLs incurred in 2018, 2019, or 2020 by a calendar-year
        taxpayer) to be carried back to each of the five tax years preceding the tax year of such loss.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In computing taxable income, life insurance
        companies are allowed a deduction attributable to their life insurance and accident and health reserves. The Tax Act of 2017 significantly changed the methodology by which these reserves are computed for tax purposes.&#160;The changes are effective for
        tax years beginning after 2017 and are subject to a transition rule that spreads the additional income tax liability over the subsequent eight years beginning in 2018.&#160; Due to complexities in the new methodology and limited guidance from the
        Internal Revenue Service and U.S. Treasury, the Company has recorded provisional amounts for the deferred tax revaluation associated with the changes in the computation of life insurance tax reserves based on information available at December 31,
        2017.&#160; Pursuant to Interpretation of the SAP Working Group 18-01: </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 400; line-height: 120%;">Updated Tax Estimates under the Tax
        Cuts and Jobs Act</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">, provisional tax computations related to these amounts were reasonably estimated&#160;as of December 31, 2017
        and have been adjusted based on guidance received from Internal Revenue Service and U.S. Treasury. Adjusted amounts are reflected in the Company's results of operations for the years ended December 31, 2021, 2020, and 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Change in net deferred income tax is comprised
        of the following (this analysis is exclusive of the nonadmitted DTAs as the Change in nonadmitted assets is reported separately from the Change in net deferred income tax in the Unassigned surplus section of the Statutory Statements of Capital and
        Surplus):</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="zcb2b27951fd54ecdb59d47c1f075e2aa" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.136%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:57.163%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.255%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.255%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.634%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.259%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Change</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net deferred tax assets (liabilities)</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">493&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">220&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Statutory valuation allowance adjustment</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net deferred tax assets (liabilities) after statutory valuation allowance</font></div>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">493&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">273&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">220&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Tax effect of unrealized gains (losses)</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">149&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">154&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Statutory valuation allowance adjustment allocated to unrealized gains (losses)</font></div>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:27pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Change in net deferred income tax</font></div>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">215&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z5d02aca2c2024d47a3af1bf1c6563f9f" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)&#160;&#160;&#160;&#160;Reconciliation of Federal Income Tax Rate to
        Actual Effective Rate</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The provision for federal income taxes incurred is different from that
        which would be obtained by applying the statutory federal income tax rate to income before income taxes. The significant items causing this difference are as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z717b48a0e44246968257ae37a196e598" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.285%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.733%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.633%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.735%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal income
                tax rate</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Amortization of
                IMR</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.9)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3.6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends
                received deduction</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.7)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Nondeductible
                expenses</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.9&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Affiliated LLC
                income</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.4)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">COLI</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2.4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.0)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.5)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tax hedges</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.5)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">65.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tax hedge
                reclassification</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">73.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84.7&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tax credits</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9.6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7.2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13.6)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prior period
                adjustments</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.2)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                deferred taxes on impairments</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.0)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in
                deferred taxes on nonadmitted assets</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.6)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.7)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reinsurance</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">83.5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5.5)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19.8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Correction of
                Error</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.0&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NOL Carryback
                Benefit</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12.2)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Tax
                Contingencies</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5.5&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized Capital
                Gains Tax</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.1)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1.4)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.6&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effective tax
                rate</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">214.0&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.1)</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168.4&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
              <div style="padding-left:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Federal and foreign income taxes incurred </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">207.4&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293.7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Realized Capital
                Gains Tax</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47.4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(0.1)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in net
                deferred tax</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(40.8)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6.9)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(125.3)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effective tax
                rate</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">214.0&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4.1)</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168.4&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="18">
              <div style="padding-left:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> Prior to 2020, tax on capital gains (losses) was excluded from federal and foreign income taxes incurred and detailed in Note
                  5(c).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e)&#160;&#160;&#160;&#160;Carryforwards, Recoverable Taxes, and IRC
        Section&#160;6603 Deposits</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021, </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">there are no operating losses or tax credit carryforwards available for tax purposes.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There are no Federal income
        taxes available for recoupment in the event of future net losses.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There are no aggregate deposits admitted under
        Section&#160;6603 of the IRC.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company had tax contingencies computed in
        accordance with SSAP No. 5R, Liabilities, Contingencies and Impairment of Assets, and SSAP No.&#160;101 as of December&#160;31, 2021 and 2020. The Company does not believe the tax contingencies will significantly increase within the next 12 months.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company recognizes interest and penalties
        accrued related to unrecognized tax benefits in federal income tax expense. During the years ended December&#160;31, 2021, 2020, and 2019 the Company recognized expenses of $23, $9, and $0 in interest and penalties, respectively. The Company had $32 and
        $9 for the unrecognized tax benefits and related accrued interest at December&#160;31, 2021 and 2020, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="ze50312f5e16c4defb24737f168a6636c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f)&#160;&#160;&#160;&#160;Consolidated Federal Income Tax Return</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s federal income tax return is
        consolidated with AZOA. The method of allocation between the subsidiaries of AZOA is subject to written agreement, approved by the Allianz Life Board of Directors. Allocation is based upon separate return calculations with current credit for net
        losses. Intercompany tax balances are settled annually after the consolidated return is filed. <br>
        <br>
        The Company is included in the consolidated group for which AZOA files a federal income tax return on behalf of all group members. As a member of the AZOA consolidated group, the Company is no longer subject to U.S. Federal and non-U.S. income tax
        examinations for years prior to 2016, though examinations of combined returns filed by AZOA, which include the Company, by certain U.S. state and local tax authorities, may still be conducted for 2008 and subsequent years. The Internal Revenue
        Service (IRS) examination of AZOA for the 2016 and 2017 income tax returns has completed the exam phase and has been assigned to appeals for an issue related to variable annuity hedging income recognition. The IRS has also initiated an examination
        of AZOA's 2018 income tax return, which is expected to close by the end of 2022. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021, the companies included in
        the consolidated group for which AZOA files a federal income tax return is included below:</font></div>
    <div style="margin-top:5pt;padding-left:27pt;padding-right:27pt;text-align:center">
      <table id="z29aa0c85d0b74d9da282929127ab9a0e" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:73.511%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:48.900%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:48.900%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Members of Consolidated Tax Group</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Life Insurance Company of North America</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Life Insurance Company of Missouri</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Life Insurance
                Company of New York</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Underwriters
                Insurance Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">AZOA Services Corporation</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">AGCS Marine Insurance
                Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Global Risks US
                Insurance Company</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">William H. McGee &amp;
                Co., Inc.</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Reinsurance of
                America, Inc.</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Reinsurance
                Management Services, Inc.</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Technology of
                America, Inc.</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fireman&#8217;s Fund Insurance
                Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Renewable Energy
                Partners of America LLC</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fireman&#8217;s Fund Indemnity
                Corporation</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Renewable Energy
                Partners of America 2 LLC</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">National Surety
                Corporation</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">PFP Holdings, Inc.</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Chicago Insurance Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">AZL PF Investments, Inc.</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interstate Fire &amp;
                Casualty Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Dresdner Kleinwort
                Pfandbriefe Investments II, Inc.</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Associated Indemnity
                Corporation</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Fund Investments,
                Inc.</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">American Automobile
                Insurance Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Yorktown Financial
                Companies, Inc.</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The American Insurance
                Company</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Questar Capital
                Corporation</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Risk Transfer,
                Inc.</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Questar Agency, Inc.</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Allianz Risk Transfer
                (Bermuda), Ltd.</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(10)&#160;&#160;&#160;&#160;Accident and Health Claim Reserves</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Accident and health claim reserves are based on
        estimates that are subject to uncertainty. Uncertainty regarding reserves of a given accident year is gradually reduced as new information emerges each succeeding year, thereby allowing more reliable reevaluations of such reserves. While management
        believes that reserves as of December&#160;31, 2021 are appropriate, uncertainties in the reserving process could cause reserves to develop favorably or unfavorably in the near term as new or additional information emerges. Any adjustments to reserves
        are reflected in the operating results of the periods in which they are made. Movements in reserves could significantly impact the Company&#8217;s future reported earnings.</font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z23ba78596e9040f180adc0341594ef25" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Activity in the accident and health claim reserves is summarized as
        follows:</font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z919330c638e543bc9c6dee14042e1cbc" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.494%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:53.860%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.388%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.603%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at
                January 1, net of reinsurance recoverables of $665, $654, and $574, respectively</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">337&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">335&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Incurred related to:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">189&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">139&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(47)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(46)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24)</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total incurred</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Paid related to:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total paid</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at
                December 31, net of reinsurance recoverables of $734, $665, and $654, respectively</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">385&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">337&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">335&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Prior year incurred claim reserves for 2021, 2020
        and 2019 were favorable as a result of re-estimation of unpaid claims and claim adjustment expenses, principally on the individual LTC line of business. </font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z46aae8956ec8440b864d4f1a7fc40cbc" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:104.4pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(11)&#160;&#160;&#160;&#160;Reinsurance</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company primarily enters into reinsurance
        agreements to manage risk resulting from its life, annuity, and accident and health businesses, as well as businesses the Company has chosen to exit. In the normal course of business, the Company seeks to limit its exposure to loss by ceding risks
        under yearly renewal term, coinsurance, and modified coinsurance. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company monitors the financial exposure and
        financial strength of the reinsurers on an ongoing basis. The Company attempts to mitigate risk by securing recoverable balances with various forms of collateral, including arranging trust accounts and letters of credit with certain reinsurers. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The effect of reinsurance on reserves, deposit-type
        contracts, and claims, for amounts recoverable from other insurers, was as follows:</font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z56b517bf9e6341a9bdbcf1b2a5839fa8" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.494%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:65.199%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.902%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.648%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.902%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.649%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the years ended December 31,</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reduction in:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Aggregate
                reserves</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,141&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,636&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposit-type
                contracts</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Policy and
                contract claims</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Reinsurance reserves, recoverables, and receivables
        at December&#160;31, 2021 and 2020, are covered by collateral of $14,731 and $6,140, respectively, in addition to the letter of credit on behalf of AZMO, as noted in Note 2.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Life insurance, annuities, and accident and health business assumed
        from and ceded to other companies are as follows: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z613b1528925b485381e29030459932b7" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.494%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:32.758%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.648%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.648%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.648%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.650%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year ended</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Direct amount</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ceded to other companies</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assumed from other companies</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net amount</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2021</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life
                insurance in-force</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,088&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,500&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,638&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premiums:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,453&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,360&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annuities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,226&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">623&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,603&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accident and
                health</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total premiums</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,847&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">785&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,125&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2020</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life
                insurance in-force</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,399&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,345&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,108&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premiums:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,200&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,113&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annuities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,473&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">398&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,075&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accident and
                health</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">158&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total premiums</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,843&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">554&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,346&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2019</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life
                insurance in-force</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,817&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,060&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">58&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,815&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premiums:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">989&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">902&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annuities</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,135&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">387&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,748&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accident and
                health</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">172&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total premiums</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,296&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">545&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,805&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company holds securities backing term life and
        universal life with secondary guarantees ceded reserves in compliance with Actuarial Guideline 48. As of December&#160;31, 2021 and 2020, the Company had 8 and 7 reinsurance </font></div>
    <div style="height:46.8pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z8b20010f2d1e4c4aa3ece4abd8b8eac2" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:104.4pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">contracts, respectively, in which risks under
        covered policies have been ceded. The Company held primary securities in an amount at least equal to the required level of primary securities for all of these contracts. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There are no nonaffiliated reinsurers owned in
        excess of 10% or controlled, either directly or indirectly, by the Company or by a representative, officer, trustee, or director of the Company. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">There are no policies issued by the Company that
        have been reinsured with a company chartered in a country other than the United States that is owned in excess of 10% or controlled directly or indirectly by an insured, a beneficiary, a creditor, or any other person not primarily engaged in the
        insurance business. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company does not have any reinsurance agreements
        in effect under which the reinsurer may unilaterally cancel any reinsurance for reasons other than for nonpayment of premium or other similar credits. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company does not have reinsurance agreements in
        effect such that the amount of losses paid or accrued through the statement date may result in a payment to the reinsurer of amounts that, in aggregate and allowing for offset of mutual credits from other reinsurance agreements with the same
        reinsurer, exceed the total direct premium collected under the reinsured policies. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company did not write off any uncollectible
        recoverables during 2021, 2020, and 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has reported in
        its operations $43 of claims incurred for the current year ended, as a result of commutation of reinsurance with Hannover Life Reassurance Company of America.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective January 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life Reassurance Company of America that covers certain in force fixed annuity policies. </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> The agreement resulted in a reduction in Policyholder liabilities, life policies, and annuity contracts in the amount of $161 as of December 31, 2021. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective September 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life &#160;&#160;&#160;&#160;Reassurance Company of America that covers certain in force fixed annuity policies, and resulted in $185 of reserve credit as of December 31, 2021. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective September 30, 2021, the Company executed a
        new reinsurance agreement with Munich American Reassurance Company that covers certain in force fixed annuity policies, and resulted in $444 of reserve credit as of December 31, 2021.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective October 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life Reassurance Company of America that covers certain in force fixed annuity policies, and resulted in $206 of reserve credit as of December 31, 2021. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective October 1, 2021 the Company executed a new
        reinsurance agreement with Resolution Re LTD that covers certain in force fixed annuity policies. This</font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;"> covers approximately $26,394 of in force fixed reserves, but </font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">did not result in any reinsurance credit as this agreement is modified coinsurance.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective October 1, 2021, the Company executed a
        new reinsurance agreement with Talcott Resolution Life Ins Co that covers certain in force fixed annuity policies, and resulted in $8,178 of reserve credit as of December 31, 2021. </font><font style="background-color: #ffffff; color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company transferred assets with an approximate book value of $8,000 as of October 1, 2021 to Talcott
        Resolution Life Ins Co as part of this coinsurance agreement on the closing date of December 29, 2021. The transfer was accounted for as a sale in accordance with SSAP No. 103R, and the Company has no continuing involvement with these assets. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Effective November 1, 2021, the Company executed a
        new reinsurance agreement with RGA Reinsurance Company that covers certain in force fixed annuity policies, and resulted in $300 of reserve credit as of December 31, 2021.</font></div>
    <div style="height:46.8pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zff6fa60509324cc68a53e44dbee1e5e5" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(12)&#160;&#160;&#160;&#160;Annuity Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Information regarding the Company&#8217;s annuity actuarial reserves and
        deposit liabilities by withdrawal characteristics at December&#160;31 is as follows: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z6fe96631277c4e4581dcc14a9b291367" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.428%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:47.048%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.571%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.091%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.571%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.091%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.571%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.091%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.571%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.095%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percentage of total</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percentage of total</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subject to discretionary
                withdrawal:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">With market
                value adjustment</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,992&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,198&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At book
                value less current surrender charges of 5% or more</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37,866&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,364&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At market
                value</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,998&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,361&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total with
                adjustment or at market value</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">107,856&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100,923&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At book
                value without adjustment (minimal or no charge or adjustment)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,967&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,641&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Not subject
                to discretionary withdrawal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,380&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,133&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total gross</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">149,203&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">139,697&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance ceded</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,960&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,523&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,243&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,174&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amount included in At
                book value less current charges of 5% or more that will move to At book value without adjustment in the year after the statement date:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,798&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,776&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-top:5pt;padding-left:27pt"><br>
      </div>
    <div style="padding-left:27pt">
      <table id="zaf4dda4c085e492b93af8eb13efcfc0c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.279%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:67.988%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.572%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.583%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.572%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:13.585%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reconciliation of total annuity actuarial
                reserves and deposit fund liabilities:</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Life, Accident and
                Health Annual Statement:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annuities, net
                (excluding supplementary contracts with life contingencies)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,413&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,185&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Supplemental
                contracts with life contingencies, net</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,083&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,091&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposit-type
                contracts</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,577&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,749&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95,073&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,025&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Separate Accounts Annual
                Statement:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Annuities, net
                (excluding supplementary contracts with life contingencies)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,155&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,137&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Supplemental
                contracts with life contingencies, net</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,170&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,148&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 61.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total
                annuity actuarial reserves and deposit fund liabilities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,243&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,174&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:36pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zd1e5611300d74a489f914b395c2ebd5e" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">58 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(13)&#160;&#160;&#160;&#160;Life Actuarial Reserves by Withdrawal Characteristics</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Information regarding the Company&#8217;s life actuarial
        reserves by withdrawal characteristics at December&#160;31 is as follows: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z36a749c01b63480195f8b454156f961c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.434%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.325%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.204%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.039%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.032%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">General Account</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Account value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reserve</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subject to discretionary withdrawal, surrender values, or policy loans:</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Universal
                life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">817&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">816&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">822&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Universal
                life with secondary guarantees</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">59&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">144&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Indexed life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,871&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,945&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,989&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other
                permanent cash value life insurance</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Variable
                universal life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not subject to
                discretionary withdrawal or no cash values:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Term policies
                without cash value</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">199&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability,
                active lives</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">49&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability,
                disabled lives</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miscellaneous
                reserves</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">46&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gross</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,854&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,921&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,362&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reinsurance
                ceded</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">616&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">616&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">878&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,238&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,305&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,484&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">General Account</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Account value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reserve</font></td>
          </tr>
          <tr>
            <td style="border-top:1pt solid #000000;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subject to
                discretionary withdrawal, surrender values, or policy loans:</font></td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Universal
                life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">845&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">844&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">851&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Universal life with secondary
                guarantees</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">61&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">158&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Indexed life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,458&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,701&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,738&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other permanent cash value life
                insurance</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">115&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">115&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">115&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Variable
                universal life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not subject to discretionary withdrawal or
                no cash values:</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Term policies
                without cash value</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">204&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability, active lives</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability,
                disabled lives</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miscellaneous reserves</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">XXX</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">54&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gross</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,482&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,717&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,177&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reinsurance ceded</font></td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">645&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">644&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">904&#160;</font></td>
            <td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,837&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,073&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,273&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="12"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Company does not have any Life policies with
                guarantees in the separate account.</font></td>
          </tr>
          <tr style="height:12pt">
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Separate Account
                Nonguaranteed</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Account value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reserve</font></td>
          </tr>
          <tr>
            <td style="border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subject to
                discretionary withdrawal, surrender values, or policy loans:</font></td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Variable
                universal life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gross</font></td>
            <td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z37de1af1813b49cbaec904838da58e8c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z1418fffd6926428793dec17382c4bd27" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.434%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.325%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:16.204%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.039%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.032%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reinsurance
                ceded</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr style="height:15pt">
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="border-top:3pt double #000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="9"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Separate Account
                Nonguaranteed</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Account Value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash Value</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Reserve</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subject to discretionary withdrawal, surrender values, or policy loans:</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Variable
                universal life</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total gross</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reinsurance
                ceded</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total net</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="padding-left:27pt">
      <table id="z1d70e68110d64c79abf49bcbdebef991" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.434%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:54.640%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.029%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:21.031%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr style="height:12pt">
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reconciliation of total life actuarial reserves:</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Life, Accident,
                and Health Annual Statement:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Life
                insurance, net</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,412&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,210&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability,
                active lives, net</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disability,
                disabled lives, net</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Miscellaneous
                reserves, net</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,484&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,273&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Separate
                Accounts Annual Statement:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Life
                insurance, net</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 55pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 66.25pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total life
                actuarial reserves</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,505&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,291&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><br>
      </div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(14)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Separate Accounts</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s separate accounts represent funds held
        for the benefit of contract holders entitled to payments under variable annuity contracts, variable life policies and market value adjusted annuity contracts issued through the Company&#8217;s separate accounts and underwritten by the Company. As of
        December&#160;31, 2021 and 2020, the Company's separate accounts are classified as nonguaranteed. Information regarding the Company&#8217;s separate accounts for the years ended December&#160;31 is as follows:</font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z0c11fc04553344f49a19482dda80a4e9" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.863%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:56.265%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:19.870%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.666%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:19.699%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Premiums,
                considerations, or deposits</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,927&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,149&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserves for
                accounts with assets at fair value</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,209&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,574&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserves for
                accounts with assets at amortized cost</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,982&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,592&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total reserves</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,191&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,166&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By withdrawal
                characteristics:</font></td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At book
                value without MV adjustment and with current surrender charge of 5% or more</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,665&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,643&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At fair
                value</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,166&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,535&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">At book
                value without MV adjustment and with current surrender charge of less than 5%</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,326&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">959&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subtotal</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,157&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,137&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 10.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Not subject
                to discretionary withdrawal</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,191&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,166&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z52ff3c9f1cca4fcca1d72328f590a1c2" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As of December&#160;31, 2021 and 2020, the Company&#8217;s
        separate accounts included legally insulated assets and non-insulated assets attributed to the following products/transactions: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="zb63fb93681d04afbbc69735529ef97ad" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.494%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:43.781%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.217%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.128%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.128%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.587%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.128%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:12.131%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="6"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Product/transaction</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legally insulated</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Not legally insulated</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Legally insulated</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Not legally insulated</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable Annuities</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,158&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,602&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable Life</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable Annuities
                (Non-Unitized Insulated)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">524&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">998&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable Annuities
                (Non-Unitized Non-Insulated)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,548&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,244&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Variable Annuities (MN
                MVA)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,703&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,576&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,619&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,282&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company&#8217;s separate account liabilities contain
        guaranteed benefits. The liabilities for guaranteed benefits are supported by the Company&#8217;s general account assets. To compensate the general account for the risk taken, the separate account paid risk charges of $171, $180, $204, $212, and $221
        during the past five years, respectively. The general account of the Company paid $4, $19, $16, $5, and $0 towards separate account guarantees during the past five years, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">A reconciliation of net transfers to (from) separate
        accounts for the years ended December 31 is included in the following table: </font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="zff86afd60b684c99bd3cb82556a0c212" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.345%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:51.423%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.199%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.588%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.199%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.588%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.203%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers as
                reported in the Summary of Operations of the Separate Accounts Annual Statement:</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers to
                separate accounts</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,927&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,149&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,277&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers
                from separate accounts</font></td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,507)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,689)</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,975&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net transfers
                to separate accounts</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,420&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,460&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,252&#160;</font></td>
            <td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reconciling adjustments:</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 25.75pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other
                adjustments</font></td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfers as reported in
                the Statutory Statements of Operations</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,424&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,460&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,254&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-top:3pt;padding-left:27pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(15)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%; padding-left: 10.34pt;">Related-Party Transactions</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(a) &#160;&#160;&#160;&#160;Organization Changes</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">On October 11, 2018, the Company announced the
        decision to sell the Questar Capital and Asset Management representative network to an unaffiliated wealth management firm. The closing date of the sale was March 1, 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company legally dissolved and terminated its
        subsidiary, Allianz Annuity Company of Missouri (AAMO), by voluntary action on February 24, 2020. Upon termination, AAMO paid an insignificant dividend to the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">On July 1 2020, American Financial Marketing, LLC,
        Ann Arbor Annuity Exchange, LLC, GamePlan Financial Marketing, LLC, and The Annuity Store Financial &amp; Insurance Services, LLC, all of which are wholly owned subsidiaries of TruChoice Financial Group, LLC (TruChoice), which is a wholly owned
        subsidiary of AIIG, which is a wholly owned subsidiary of the Company, merged into TruChoice. TruChoice was the surviving entity.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Allianz Investment Management U.S. LLC, a Minnesota
        limited company was formed on October 11, 2020. Allianz Life is its direct parent.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">On January 1, 2021, the Company formed Allianz
        Strategic Investments (ASI), a non-insurance subsidiary. ASI&#8217;s sole operations are investment activities associated with direct equity holdings performed in coordination </font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z39f9573a9abc46a58d50ed3c000471ae" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">with Allianz Life. Allianz Life has made various
        capital contributions into ASI in the form of preferred and common stock investments as indicated in the table below in 15(e) on page 63.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The company legally dissolved and terminated its
        subsidiary Questar Asset Management (QAM) on September 30, 2021. Upon termination, QAM paid a dividend to Yorktown. Yorktown subsequently paid a dividend to the Company as indicated in the table below in 15(e) on page 63. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(b)&#160;&#160;&#160;&#160;Related-Party Invested
        Assets</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has an agreement to lend AZOA $39. The
        remaining loan balance was $30 and $39 as of December&#160;31, 2021 and 2020, respectively, and is included in Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Repayment of this loan began in
        2021 and has a final maturity date of August 30, 2023. The interest rate is a fixed rate of 0.34%. Interest income earned and accrued had an immaterial impact to the Company during 2021, 2020, and 2019, respectively. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company invests in limited partnerships that are
        managed by its affiliate Pacific Investment Management Company (PIMCO). The total committed capital for the limited partnerships is $123 of which $63 and $45 is unfunded as of December&#160;31, 2021 and 2020, respectively. As of December&#160;31, 2021 and
        2020, the fair value of the investment is $64 and $35 respectively, and is recorded in Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has a seed money investment in exchange traded funds that are managed by
        a related party, PIMCO, with a reported balance of $33 as of December&#160;31, 2021 within Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company invests in bonds that are managed by a related party, PIMCO. The total
        committed capital for the bond is $360, of which $186 was unfunded as of December&#160;31, 2021. The Company reported a balance of $174 as of December&#160;31, 2021 related to the PIMCO bonds.</font></div>
    <div style="padding-left:54pt;text-align:justify"><br>
      </div>
    <div style="padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has a seed money investment in exchange traded funds that are managed by
        a related party, AIM. The Company reported a balance of $71 and $58 as of December&#160;31, 2021 and 2020 related to the seed money investment within Stocks on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. There is
        no additional commitment related to these investments.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(c) &#160;&#160;&#160;&#160;Service
        Fees</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company incurred fees for services provided by
        affiliated companies of $194, $183, and $157 in 2021, 2020, and 2019, respectively. The Company&#8217;s liability for these expenses was $50 and $37 at December&#160;31, 2021 and 2020, respectively, and is included in Other liabilities on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. In the normal course of business, the outstanding amount is settled in cash.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company earned revenues for various services
        provided to affiliated companies and subsidiaries of $71, $59, and $54 in 2021, 2020, and 2019, respectively. The receivable for these revenues was $7 and $6 for 2021 and 2020, respectively, and is included in Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. In the normal course of business, the outstanding amount is settled in cash.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has agreements with its affiliates
        PIMCO, Oppenheimer Capital LLC (OpCap), and with certain other related parties whereby (1) specific investment options managed by PIMCO and OpCap are made available through the Company's separate accounts to holders of the Company's variable
        annuity products, and (2) the Company receives compensation for providing administrative and recordkeeping services relating to the investment options managed by PIMCO and OpCap. Income recognized by the Company from these affiliates for
        distribution and in-force related costs as a result of providing investment options to the contractholders was $7, $7, and $8 during 2021, 2020, and 2019, respectively, which is included in Fees from separate accounts on the Statutory Statements of
        Operations. At December&#160;31, 2021 and 2020, $1 and $1, respectively, were included for related receivables of these fees in Other assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="za6e8c0e6a4644c418f8c63c80f5ff84c" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has incurred commission expense related
        to the distribution of variable annuity products from Allianz Life Financial Services, LLC (ALFS) in the amount of $427, $320, and $285 for the years ended December&#160;31, 2021, 2020, and 2019, respectively. The Company has an agreement with ALFS,
        whereby interest receivable is assigned to the company and 12b-1 fee receivables are assigned to the Company and AZNY. The Company has also agreed with AZNY to share in reimbursing ALFS for direct and indirect expenses incurred in performing
        services for the Company and AZNY. In the event that assigned receivables exceed expenses, ALFS records a dividend-in-kind to the Company and a loss on the transaction with AZNY. The Company recorded a net (expense) revenue from this agreement of
        $(42), $(20), and $2 for the years ended December&#160;31, 2021, 2020, and 2019, respectively. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(d)
        &#160;&#160;&#160;&#160;Dividends to Parent</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company paid cash dividends to AZOA of $900,
        $750, and $325 in 2021, 2020, and 2019, respectively. Based on the ordinary dividend limitations set forth under Minnesota Insurance Law, the dividends paid in 2021 and 2020 were considered as extraordinary, and dividends paid in 2019 were
        considered ordinary.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(e) &#160;&#160;&#160;&#160;Capital
        Contributions and Dividends with Subsidiaries</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">During the years ended December 31, the Company
        received dividends from its subsidiaries as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z22757f6c100e47c8ac3c4803d2aef4e8" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.565%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:46.726%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.421%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.421%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Allianz Investment
                Management, LLC</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ALFS</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AZL PF Investments, Inc.</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allianz Individual
                Insurance Group, LLC (AIIG)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yorktown</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total </font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">101&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67&#160;</font></td>
            <td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">During the years ended December 31, the Company made
        capital contributions to subsidiaries as follows:</font></div>
    <div style="margin-top:5pt;padding-left:54pt">
      <table id="z3a0f2a2f35484df5a4caeb5b028b251d" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.565%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:46.726%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.421%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.421%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.669%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:15.425%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yorktown</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Allianz Investment
                Management U.S. LLC (AIM US)</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
            <td style="display:none" colspan="3"></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ALFS</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ASI</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">122&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td>
            <td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><br>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(f) &#160;&#160;&#160;&#160;Reinsurance</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company wholly-owns AZMO, a Special Purpose Life
        Reinsurance Captive Insurance Company domiciled in Missouri. The Company cedes to AZMO, and AZMO provides reinsurance on a coinsurance basis and modified coinsurance basis, a 100% quota share of the Company&#8217;s net liability of level term life
        insurance policies and certain universal life insurance policies written directly by the Company. The total premium and associated reserve amounts ceded from the Company to AZMO for the years ended December&#160;31, 2021, 2020, and 2019 were $2, $3, and
        $6, respectively. The Company recorded a ceding commission of $1 for 2021, 2020, and 2019, respectively. In addition, the Company recorded a deferred gain of $97 upon execution of the reinsurance agreement in 2009, of which $3, $2 and $2 was
        amortized in 2021, 2020, and 2019, respectively, and included in Commissions and expense allowances on reinsurance ceded on the Statutory Statements of Operations.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has reinsurance recoverables and
        receivables related to reinsurance agreements with affiliated entities. Total affiliated reinsurance recoverables and receivables were $3 and $1 as of December&#160;31, 2021 and 2020, respectively, and are included in Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z58120268fd784d088d5402d779640b66" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-indent:-27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">(g) &#160;&#160;&#160;&#160;Line of Credit Agreement</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has a line of credit agreement with its
        subsidiary, AZNY, to provide liquidity, as needed. The Company&#8217;s lending capacity under the agreement is limited to 5% of the general account admitted assets of AZNY as of the preceding year end. The Company provided $25 to AZNY under the terms of
        this agreement on March 17, 2020. The full amount was repaid on April 15, 2020. There was no outstanding balance under the line of credit agreement as of December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(16)&#160;&#160;&#160;&#160;Employee Benefit Plans</font></div>
    <div style="margin-bottom:10pt;margin-top:3pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company participates in the Allianz Asset
        Accumulation Plan (AAAP), a defined contribution plan sponsored by Allianz of America Corporation (AZOAC). Eligible employees are immediately enrolled in the AAAP on their first day of employment. The AAAP will accept participants&#8217; pretax, Roth
        401(k), and/or after-tax contributions up to 80% of the participants&#8217; eligible compensation, although contributions remain subject to annual limitations set by the Internal Revenue Service. The Company matches up to a maximum of 7.5% of the
        employees&#8217; eligible compensation. Participants are 100% vested in the Company&#8217;s matching contribution after three&#160;years of service.</font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The AAAP administration expenses and the trust
        fund, including trustee fees, investment manager fees, and audit fees, are payable from the trust fund but may, at the Company&#8217;s discretion, be paid by the Company. All legal fees are paid by the Company. It is the Company&#8217;s policy to fund the AAAP
        costs as incurred. The Company has expensed $13, $13, and $13 in 2021, 2020, and 2019, respectively, toward the AAAP matching contributions and administration expenses.</font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">A defined group of highly compensated employees is
        eligible to participate in the AZOAC Deferred Compensation Plan. The purpose of the plan is to provide tax planning opportunities, as well as supplemental funds upon retirement. The plan is unfunded, meaning no assets of the Company have been
        segregated or defined to represent the liability for accrued assets under the plan. Employees are 100% vested upon enrollment in the plan for funds they have deferred. Employees&#8217; funds are invested on a pay period basis and are immediately vested.
        Participants and the Company share the administrative fee. The accrued liability of $75 and $61 as of December&#160;31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and
        Capital and Surplus. </font></div>
    <div style="margin-bottom:10pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company sponsors a nonqualified deferred
        compensation plan for a defined group of agents. The Company can make discretionary contributions to the plan in the form and manner the Company determines reasonable. Discretionary contributions are currently determined based on production. The
        accrued liability of $65 and $66 as of December&#160;31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company participates in a stock-based
        compensation plan sponsored by Allianz SE, which awards certain employees Restricted Stock Units (RSU) that are tied to Allianz SE stock. Allianz SE determines the number of RSU granted to each participant. The Company records expense equal to the
        change in fair value of the units during the reporting period, which includes the Company's estimate of the number of awards expected to be forfeited. A change in value of $8, $5, and $10 was recorded in 2021, 2020, and 2019, respectively, and is
        included in General and administrative expenses on the Statutory Statements of Operations. The related liability of $18 and $18 as of December&#160;31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted
        Assets, Liabilities, and Capital and Surplus. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(17)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Statutory Capital and Surplus</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Statutory accounting practices prescribed or
        permitted by the Company&#8217;s state of domicile are directed toward insurer solvency and protection of policyholders. As such, the Company is required to meet minimum statutory capital and surplus requirements. The Company&#8217;s statutory capital and
        surplus as of December&#160;31, 2021 and 2020, were in compliance with these requirements. The maximum amount of ordinary dividends that can be paid by Minnesota insurance companies to the stockholder without prior approval of the Department is subject
        to restrictions relating to statutory earned surplus, also known as unassigned funds. Unassigned funds are determined in accordance with the accounting procedures and practices governing preparation of the statutory annual statement. In accordance
        with </font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="za6757c4f9aa349f0b45d2b1ebcab37aa" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
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                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Minnesota Statutes, the Company may declare and pay
        from its Unassigned surplus cash dividends of not more than the greater of 10% of its prior year-end statutory surplus, or the net gain from operations of the insurer, not including realized gains, for the 12-month period ending the 31st day of the
        next preceding year. Based on these limitations, ordinary dividends of $1,070 can be paid in 2022 without prior approval of the Department. </font></div>
    <div style="padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-style: italic; font-weight: 700; line-height: 120%;">Regulatory Risk-Based Capital</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">An insurance enterprise&#8217;s state of domicile imposes
        minimum risk-based capital requirements that were developed by the NAIC. The formulas for determining the amount of risk-based capital specify various weighting factors that are applied to financial balances or various levels of activity based on
        the perceived degree of risk. Regulatory compliance is determined by a ratio of an enterprise&#8217;s regulatory total adjusted capital to its authorized control level risk-based capital, as defined by the NAIC. Companies below specific trigger points or
        ratios are classified within certain levels, each of which requires specified corrective action. This ratio for the Company significantly exceeds required minimum thresholds as of December&#160;31, 2021 and 2020.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(18)&#160;&#160;&#160;&#160;Direct Premiums Written by Third-Party Administrators</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has direct premiums written by
        third-party administrators (TPAs). The types of business written by the TPAs include life, accidental death and dismemberment, medical, disability, excess risk, and LTC. The authority granted to the TPAs includes claims payment, claims adjustment,
        underwriting, and premium collection. Total premiums written by TPAs were $136, $148, and $116 for 2021, 2020, and 2019, respectively. For the years ended December&#160;31, 2021, 2020, and 2019, there were no individual TPAs that wrote premiums that
        equaled at least 5% of the capital and surplus of the Company. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(19)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Capital Structure</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is authorized to issue three types of capital stock, as
        outlined in the table below:</font></div>
    <div style="margin-top:5pt;padding-left:27pt">
      <table id="z3bdcaf50436c4a8fa3c39b3b0e3cfcae" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.154%">

          <tr>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:23.181%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.598%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.395%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.598%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:14.395%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.598%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:11.679%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:0.598%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
            <td style="width:1.0%"><br>
            </td>
            <td style="width:27.658%"><br>
            </td>
            <td style="width:0.1%"><br>
            </td>
          </tr>
          <tr>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Authorized</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Issued and outstanding</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Par value, per share</font></td>
            <td style="padding:0 1pt" colspan="3"><br>
            </td>
            <td style="padding:2px 1pt;text-align:center;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Redemption and liquidation rights</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Common stock</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,000,000&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,000,001&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.00&#160;</font></td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Preferred stock:</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A
                (consisting of Series A and B below)</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200,000,000&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,903,484&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.00&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designated by
                Board for each series issued</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A, Series A</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,909,195&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,909,195&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.00&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$35.02 per
                share plus an amount to yield a compounded annual return of 6%, after actual dividends paid</font></td>
          </tr>
          <tr>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class A, Series B</font></td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,000,000&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,994,289&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.00&#160;</font></td>
            <td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#cceeff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#cceeff;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$35.02 per
                share plus an amount to yield a compounded annual return of 6%, after actual dividends paid</font></td>
          </tr>
          <tr>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Class B</font></td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">400,000,000&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top" colspan="2"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</font></td>
            <td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.00&#160;</font></td>
            <td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><br>
            </td>
            <td style="background-color:#ffffff;padding:0 1pt" colspan="3"><br>
            </td>
            <td style="background-color:#ffffff;padding:2px 10pt 2px 1pt;text-align:justify;vertical-align:top" colspan="3"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Designated by
                Board for each series issued</font></td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Holders of Class&#160;A preferred stock and of common
        stock are entitled to one vote per share with respect to all matters presented to or subject to the vote of shareholders. Holders of Class&#160;B preferred stock have no voting rights. All issued and outstanding shares are owned by AZOA. See Note&#160;1 for
        further discussion.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Each share of Class&#160;A preferred stock is convertible
        into one share of the Company&#8217;s common stock. The Company may redeem any or all of the Class&#160;A preferred stock at any time. Dividends will be paid to each class of stock only when declared by the BOD. In the event a dividend is declared, dividends
        must be paid to holders of Class&#160;A preferred stock, Class&#160;B preferred stock, and common stock, each in that order.</font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="zdf5f5a4b92ac4f87a417419f499d7190" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As discussed in Note&#160;15 to these Statutory Financial
        Statements, the Company carried out various capital transactions with related parties during 2021, 2020, and 2019.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(20)</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">&#160;&#160;&#160;&#160;</font><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">Reconciliation to the Annual Statement</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is required to file an Annual Statement
        with the Department. As of December&#160;31, 2021 and 2020, there is no difference in admitted assets or liabilities between this report and the Annual Statement. As of December&#160;31, 2021, 2020, and 2019, there is no difference in capital and surplus or
        net income between this report and the Annual Statement.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(21)&#160;&#160;&#160;&#160;Commitments and Contingencies</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company and its subsidiaries are named as
        defendants in various pending or threatened legal proceedings on an ongoing basis, arising from the conduct of business, including two putative class action proceedings: Sanchez v. Allianz Life Ins. Co. of North America (Superior Court of
        California, L.A. County, BC594715), which has been certified as a class, and Small v. Allianz Life Ins. Co. of North America (United Stated District Court, Central District of California, Case No. 2:20-cv-01944-AB (KESx), which has not been
        certified as a class action. The Company generally intends to vigorously contest the lawsuits, but may pursue settlement negotiations in some cases, if appropriate. The outcome of the cases is uncertain at this time, and there can be no assurance
        that such litigation, or any future litigation, will not have a material adverse effect on the Company and/or its subsidiaries. The Company recognizes legal costs as incurred. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company is contingently liable for possible
        future assessments under regulatory requirements pertaining to insolvencies and impairments of unaffiliated insurance companies. Provision has been made for assessments currently received and assessments anticipated for known insolvencies.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The financial services industry, variable and fixed
        annuities, life insurance, distribution companies, and broker-dealers, is subject to close scrutiny by regulators, legislators, and the media.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Federal and state regulators, such as state
        insurance departments, state securities departments, the SEC, the Financial Industry Regulatory Authority, the Internal Revenue Service, and other regulatory bodies regularly make inquiries and conduct examinations or investigations concerning
        various selling practices, including suitability reviews, product exchanges, sales to seniors, and compliance with, among other things, insurance and securities law. The Company may become subject to ongoing market conduct examinations and
        investigations by regulators, which may have a material adverse effect on the Company.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">It can be expected that annuity and life product
        designs, management, and sales practices will be an ongoing source of regulatory scrutiny and enforcement actions, litigation, and rulemaking.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">These matters could result in legal precedents and
        new industry-wide legislation, rules, and regulations that could significantly affect the financial services industry, including life insurance and annuity companies. It is unclear at this time whether any such litigation or regulatory actions will
        have a material adverse effect on the Company in the future. </font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">Certain guarantees of the Company provide for the
        maintenance of a subsidiary&#8217;s regulatory capital, surplus levels and liquidity sufficient to meet certain obligations. Those unlimited guarantees are made on behalf of certain wholly owned subsidiaries (AZNY, AZMO, ALFS and Questar Capital
        Corporation, through its parent, Yorktown). These guarantees are not limited and cannot be estimated as of the balance sheet date. From time to time, the Company makes capital contributions to these subsidiaries as needed under the guarantees.
        Capital contributions made during the years ended December&#160;31, 2021, 2020, and 2019 are detailed in Note&#160;15.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company had investments in limited partnerships
        that required a commitment of capital of $274 and $306 for the years ended December&#160;31, 2021 and 2020, respectively. The Company had commitments to fund private placement investments of $612 and 187 as of December&#160;31, 2021 and 2020, respectively.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 700; line-height: 120%;">(22)&#160;&#160;&#160;&#160;Subsequent Events</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">The Company has evaluated subsequent events through
        April 4, 2022, which is the date the Statutory Financial Statements were available to be issued. No material subsequent events have occurred since December&#160;31, 2021 that require adjustment to the Statutory Financial Statements.</font></div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z6857e1395b9449b7975dcc81ce3833f8" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.233%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
                <td style="width:1.0%"><br>
                </td>
                <td style="width:32.234%"><br>
                </td>
                <td style="width:0.1%"><br>
                </td>
              </tr>
              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66 of 67</font></div>
                </td>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
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          </table>
        </div>
      </div>
    </div>
    <hr style="page-break-after:always">
    <div style="min-height:108pt;width:100%">
      <div style="text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><br>
        </div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:174%">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Notes to Statutory Financial Statements</font></div>
      <div style="margin-bottom:3pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(Dollars in millions, except share data and security holdings quantities)</font></div>
      <div style="margin-bottom:6pt;margin-top:6pt"><br>
        </div>
    </div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">In March 2022, the Company made a capital
        contribution of $30 to the Allianz Life Insurance Company of New York and paid a cash dividend of $4,100 to AZOA.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt;text-align:justify"><font style="color: #000000; font-family: 'Times New Roman',sans-serif; font-weight: 400; line-height: 120%;">As a result of the Russia/Ukraine conflict, economic
        uncertainties have arisen, which may negatively impact the Company's net income and surplus. The extent to which the conflict impacts our business, net income, and surplus, as well as our capital and liquidity position, will depend on future
        developments, which are highly uncertain and cannot be estimated, including the scope and duration of the conflict and actions taken by governmental authorities and other third parties in response to the conflict.</font></div>
    <div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><br>
      </div>
    <div style="margin-bottom:10pt;margin-top:6pt;text-align:justify"><br>
      </div>
    <div style="height:54pt;position:relative;width:100%">
      <div style="bottom:0;position:absolute;width:100%">
        <div style="margin-bottom:6pt;margin-top:6pt;text-align:center">
          <table id="z84d35c2423f946c4a9a79f743c3babea" style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.929%">

              <tr>
                <td style="width:1.0%"><br>
                </td>
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                </td>
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              <tr>
                <td style="padding:0 1pt" colspan="3"><br>
                </td>
                <td style="padding:2px 1pt;text-align:left;vertical-align:bottom" colspan="3">
                  <div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67 of 67</font></div>
                </td>
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    </p>
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      <a name="xx_e9850600-d28d-4ab9-9f08-e107f3b3fdc5_1">
      </a>
      <div style="font-family:Arial;font-size:7pt;line-height:10pt;font-weight:Normal;text-transform:none;text-align:left;vertical-align:bottom;padding-bottom:10pt;">
        <a href="#JOB_Index_4e09cb66-8c21-42fe-b8c2-d849fe8a52a0_va-toc">
          Table of Contents
        </a>
      </div>
      <div type="Block" style="width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #000000;height:2pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:13pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:uppercase;">For Service or More Information</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The Statement of Additional Information (SAI)
          contains additional information about the Contract, Allianz Life, and the Separate Account. The SAI is dated the same date as this prospectus, and the SAI is incorporated by reference into this prospectus. This prospectus and the SAI can be found
          online at <font style="color:#0000FF;text-decoration:underline;">allianzlife.com/prospectuses</font>. You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to contact.us@allianzlife.com.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">The SEC maintains a website <font style="color:#0000FF;text-decoration:underline;">sec.gov</font>. The prospectus, the Form N-4 SAI and other information about the Contract are available on the EDGAR database on the SEC&#8217;s website. Copies of this information may be obtained,
          upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.</div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: uppercase;">Our Service Center</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">If you need customer service (for Contract changes,
          information on Contract Values, requesting a withdrawal or transfer, changing your allocation instructions, etc.) please contact our Service Center at <font style="font-weight:bold;">(800) 624-0197</font>.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">To send an application, a check for an additional
          Purchase Payment, or for general customer service, please mail to the appropriate address as follows:</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zc3850cbf9c1f488f8e53902486ba2216" style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:100%;">

              <tr style="page-break-inside:avoid;">
                <td style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-top:3pt;text-align:center; text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;">To send an application, a check for an additional Purchase Payment,<br>
                  or for general customer service, please mail to the appropriate address as follows:
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-top:2.62pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:100%;">REGULAR MAIL
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:100%;">Allianz Life Insurance Company of North America<br>
                  P.O. Box 59060<br>
                  Minneapolis, MN 55459-0060
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="padding-top:1.5pt;text-align:left;vertical-align:top;width:100%;">&#160;
                </td>
              </tr>
              <tr bgcolor="#DEE9F6" style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:100%;">OVERNIGHT, CERTIFIED, OR REGISTERED MAIL
                </td>
              </tr>
              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:100%;">Allianz Life Insurance Company of North America<br>
                  5701 Golden Hills Drive<br>
                  Golden Valley, MN 55416-1297
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: Normal; line-height: 13pt; text-align: left; text-decoration: none; text-transform: none;">&#160;&#160;&#160;&#160;</div>
        <div style="text-align:center;">
          <table cellspacing="0" cellpadding="0" id="zebe9e45b3fa94d1a85ad0fdd0e95620a" style="border-bottom:0.5pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:99.60%;">

              <tr style="page-break-inside:avoid;">
                <td style="color:#000000;font-family:Times New Roman;font-size:10pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4pt;padding-right:4pt;padding-top:4pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:100%;">Checks sent to the wrong address for applications or additional Purchase Payments are forwarded to the 5701 Golden Hills Drive address listed above, which may delay
                  processing.
                </td>
              </tr>

          </table>
        </div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 9pt; text-align: left; text-decoration: none; text-transform: none;">For general customer service by email, please use
          this address: <font style="color:#0000FF;text-decoration:underline;">contact.us@allianzlife.com</font>. To send information by email, please use this address: variableannuity@send.allianzlife.com. To send information over the web, please upload
          to your account on our website at: <font style="color:#0000FF;text-decoration:underline;">allianzlife.com</font>. If you have questions about whether you can submit certain information by email or over the web, please contact our Service Center.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">Until May 1, 2023, all dealers that effect
          transactions in these securities may be required to deliver a prospectus.</div>
        <div style="color: #000000; font-family: Times New Roman; font-style: Normal; font-weight: Normal; line-height: 12pt; margin-top: 6pt; text-align: left; text-decoration: none; text-transform: none;">EDGAR Contract ID No.:&#160;C000178978</div>
      </div>
      <div type="Block" style="margin-top:205pt;width:100%;">
        <hr noshade="noshade" align="Left" style="background-color:#000000;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:0.5pt solid #000000;height:0.5pt;width:100%;">
        <div style="color: #000000; font-family: Arial Narrow; font-style: Normal; font-weight: bold; line-height: 13pt; margin-top: 6pt; text-align: center; text-decoration: none; text-transform: none;">Allianz Index Advantage NF<sup style="font-style: Normal; text-transform: none; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Variable Annuity Prospectus &#8211; April 29, 2022</div>
      </div>
      <div type="Block" style="margin-top:4pt;width:100%;">
        <div style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;text-align:center;text-decoration:none;text-transform:none;">&#160;127&#160;</div>
      </div>
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  <div style="line-height: 11.4pt; font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><br>
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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    <div id="DSPFPageFooter"></div>
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  <div style="text-align: center; line-height: 11.4pt; font-family: Arial; font-size: 10pt;">PART II - INFORMATION NOT REQUIRED IN PROSPECTUS</div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
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  <div style="text-align: left; line-height: 11.4pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">ITEM 13.&#160; OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z0ea9360c23f5423e9232af197c3651f0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 80.92%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;Securities and Exchange Commission Registration Fee</div>
        </td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">$ 150,785</div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">&#160;</td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;--------------</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;Estimated Printing and Filing Costs:</div>
        </td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">$&#160;&#160; 30,000</div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">&#160;</td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;--------------</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;Estimated Accounting Fees:</div>
        </td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">$&#160; &#160; 75,000</div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">&#160;</td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">---------------</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;Estimated Legal Fees:</div>
        </td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">$&#160; &#160; &#160; &#160; N/A</div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">&#160;</td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">---------------</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;Estimated Miscellaneous Fees:</div>
        </td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">$&#160; &#160; &#160; &#160; N/A</div>
        </td>
      </tr>
      <tr>
        <td style="width: 80.92%; vertical-align: top;">&#160;</td>
        <td style="width: 19.08%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;---------------</div>
          <div style="line-height: 12pt; margin-bottom: 6pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt; margin-bottom: 6pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">ITEM 14.&#160; INDEMNIFICATION OF OFFICERS AND DIRECTORS.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z36d1eaa073b6453b8b4d0e4fec8f1270" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="3">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">The Bylaws of the Insurance Company provide:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="3">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">ARTICLE XI. INDEMNIFICATION OF DIRECTORS, OFFICERS AND EMPLOYEES</div>
        </td>
      </tr>
      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="3">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">SECTION 1. RIGHT TO INDEMNIFICATION:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(a)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Subject to the conditions of this Article and any conditions or limitations imposed by applicable law, the Corporation shall indemnify any employee, director or officer of the
            Corporation (an "Indemnified Person") who was, is, or in the sole opinion of the Corporation, may reasonably become a party to or otherwise involved in any Proceeding by reason of the fact that such Indemnified Person is or was:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(i)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">a director of the Corporation; or</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(ii)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">acting in the course and scope of his or her duties as an officer or employee of the Corporation; or</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(iii)</div>
        </td>
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          <div style="line-height: 12pt; font-family: 'Arial Narrow';">rendering Professional Services at the request of and for the benefit of the Corporation; or</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(iv)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">serving at the request of the Corporation as an officer, director, fiduciary or member of another corporation, association, committee, partnership, joint venture, trust, employee
            benefit plan or other enterprise (an "Outside Organization").</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(b)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Notwithstanding the foregoing, no officer, director or employee shall be indemnified pursuant to these bylaws under the following circumstances:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(i)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">in connection with a Proceeding initiated by such person, in his or her own personal capacity, unless such initiation was authorized by the Board of Directors;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(ii)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">if a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(iii)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">for acts or omissions involving intentional misconduct or knowing and culpable violation of law;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(iv)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">for acts or omissions that the Indemnified Person believes to be contrary to the best interests of the Corporation or its shareholders or that involve the absence of good faith on the
            part of the Indemnified Person;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(v)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">for any transaction for which the Indemnified Person derived an improper personal benefit;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(vi)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">for acts or omissions that show a reckless disregard for the Indemnified Person's duty to the Corporation or its shareholders in circumstances in which the Indemnified Person was aware
            or should have been aware, in the ordinary course of performing the Indemnified Person's duties, of the risk of serious injury to the Corporation or its shareholders;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(vii)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the Indemnified Person's duties to the Corporation or its shareholders;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(viii)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">in circumstances where indemnification is prohibited by applicable law;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">&#160;</td>
        <td style="width: 5.22%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(ix)</div>
        </td>
        <td style="width: 88.75%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">in the case of service as an officer, director, fiduciary or member of an Outside Organization, where the Indemnified Person was aware or should have been aware that the conduct in
            question was outside the scope of the assignment as contemplated by the Corporation.</div>
        </td>
      </tr>

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  <div style="line-height: 12pt; margin-bottom: 6pt;"><br style="line-height: 12pt;">
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      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">SECTION 2. SCOPE OF INDEMNIFICATION:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(a)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Indemnification provided pursuant to Section 1(a)(iv) shall be secondary and subordinate to indemnification or insurance provided to an Indemnified Person by an Outside Organization or
            other source, if any.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(b)</div>
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        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Indemnification shall apply to all reasonable expenses, liability and losses, actually incurred or suffered by an Indemnified Person in connection with a Proceeding, including without
            limitation, attorneys' fees and any expenses of establishing a right to indemnification or advancement under this article, judgments, fines, ERISA excise taxes or penalties, amounts paid or to be paid in settlement and all interest, assessments
            and other charges paid or payable in connection with or in respect of such expense, liability and loss.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(c)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Such indemnification shall continue as to any Indemnified Person who has ceased to be an employee, director or officer of the Corporation and shall inure to the benefit of his or her
            heirs, estate, executors and administrators.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">SECTION 3. DEFINITIONS:</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(a)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">"Corporation" for the purpose of Article XI shall mean Allianz Life Insurance Company of North America and all of its subsidiaries.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(b)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">"Proceeding" shall mean any threatened, pending, or completed action, suit or proceeding whether civil, criminal, administrative, investigative or otherwise, including actions by or in
            the right of the Corporation to procure a judgment in its favor.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.03%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">(c)</div>
        </td>
        <td style="width: 93.97%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">"Professional Services" shall mean services rendered pursuant to (i) a professional actuarial designation, (ii) a license to engage in the practice of law issued by a State Bar
            Institution or (iii) a Certified Public Accountant designation issued by the American Institute of Certified Public Accountants.</div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 100%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted for directors and officers or controlling persons of the Insurance Company pursuant to
            the foregoing, or otherwise, the Insurance Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and, therefore, unenforceable. In the event
            that a claim for indemnification against such liabilities (other than the payment by the Insurance Company of expenses incurred or paid by a director, officer or controlling person of the Insurance Company in the successful defense of any
            action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling
            precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">ITEM 15.&#160;&#160; RECENT SALES OF UNREGISTERED SECURITIES.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;NOT APPLICABLE.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">ITEM 16.&#160;&#160; EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 9.6pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">(a) Exhibits.</div>
  <table cellspacing="0" cellpadding="0" id="zc3b5bc8ff331421ab5f0aa5847f15139" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 4%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">1.(a)</div>
        </td>
        <td style="width: 94.29%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/836346/0000928389-96-000190.txt">Principal Underwriter Agreement</a> by and between North American Life and Casualty Company on behalf
            of NALAC Financial Plans, Inc. dated September 14, 1988 incorporated by reference as exhibit EX-99.B3.a. from Pre-Effective Amendment No.1 to Form N-4 (File Nos. 333-06709 and 811-05618), electronically filed on December 13, 1996. (North
            American Life and Casualty Company is the predecessor to Allianz Life Insurance Company of North America. NALAC Financial Plans, Inc., is the predecessor to USAllianz Investor Services, LLC, which is the predecessor to Allianz Life Financial
            Services, LLC.)</div>
        </td>
      </tr>
      <tr>
        <td style="width: 4%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;(b)</div>
        </td>
        <td style="width: 94.29%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/836346/000083634610000094/bdagmt.htm">Broker-Dealer Agreement</a> (amended and restated) between Allianz Life Insurance Company of North
            America and Allianz Life Financial Services, LLC, dated June 1, 2010 incorporated by reference as exhibit EX-99B3b. from Pre-Effective Amendment No. 1 to Form N-4 (File Nos. 333-166408 and 811-05618), electronically filed on September 24, 2010.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 4%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">&#160;(c)</div>
        </td>
        <td style="width: 94.29%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">The current specimen of the <a href="https://www.sec.gov/Archives/edgar/data/836346/000083634606000054/file002.txt">selling agreement</a> between Allianz Life Financial Services, LLC,
            the principal underwriter for the Contracts, and retail brokers which offer and sell the Contracts to the public is incorporated by reference as exhibit EX-99.B3.b. from the initial filing on Form N-4 (File Nos. 333-134267 and 811-05618),
            electronically filed on May 19, 2006.The underwriter has executed versions of the agreement with approximately 2,100 retail brokers.</div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;2.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.4pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;"> Not applicable</font></div>
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      <tr>
        <td style="width: 43.2pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;3. (a)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';">&#160;<a href="https://www.sec.gov/Archives/edgar/data/72499/000007249913000003/ex3a.htm">Articles of Incorporation</a>, as amended and restated August 1, 2006, of Allianz Life Insurance Company of North&#160; &#160;
            America, filed on January 3, 2013 as Exhibit 3(a) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.</div>
        </td>
      </tr>

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      <tr>
        <td style="width: 45pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249913000003/ex3b.htm">Bylaws, as amended and restated August 1, 2006</a>, of Allianz Life Insurance Company of North America, filed on January
            3, 2013 as Exhibit 3(b) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.</div>
        </td>
      </tr>

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  <div style="line-height: 12pt; margin-bottom: 4.8pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" border="0" id="zce48df9f95d54aa99c1c85be123cb2af" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">4.(a)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249917000008/nfcontract.htm">Individual Variable Annuity Contract, L40538NF</a>,
            incorporated by reference as Exhibit 4(a) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 14, 2017.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;(b)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249917000008/ex4b.htm">Contract Schedule Pages, S40875 (Base) and S40877 (Index Options)</a>,
            incorporated by reference as Exhibit 4(b) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 14, 2017.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;(c)(i)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249918000008/contrschedpg.htm">Index Options Contract Schedule Page, S40895-NF-01</a>, incorporated by
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;&#160;(ii)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
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            incorporated by reference as Exhibit 4(c)(ii) from Post-Effective Amendment No. 6 to Registrant&#8217;s Form S-1 (File No. 333-215103), electronically filed on January 22, 2020.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(iii)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249920000013/schedulepage.htm">Index Options Contract Schedule Page Addendum, S40877-ADD</a>,
            incorporated by reference as Exhibit 4(c)(iv) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;(d)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
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            IXA-APP-02-NF-0419, incorporated by reference as Exhibit 4(d) from Post-Effective Amendment No. 5 to Registrant's Form S-1 (File No. 333-215103, electronically filed on April 16, 2019.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;(e)(i)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
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            incorporated by reference as Exhibit 4(d) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 3%; vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;&#160;(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;" rowspan="1">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249920000013/indexperfriders40903.htm">Index Performance Strategy Rider II &#8211;
              S40903</a>, incorporated by reference as Exhibit 4(e)(ii) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
          &#160;</td>
      </tr>
      <tr>
        <td style="width: 3%; vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(iii)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;" rowspan="1">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249920000013/s40903inforce.htm">Inforce Index Performance Strategy Rider II &#8211;
              S40903-INFORCE</a>, incorporated by reference as Exhibit 4(e)(iii) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
          &#160;</td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249913000009/a4e.htm">Index Protection Strategy Crediting Rider-S40879</a>
            incorporated by reference as Exhibit 4(e) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;(g)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249913000009/a4f.htm">Traditional Death Benefit Rider-S40880</a> incorporated by
            reference as Exhibit 4(f) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(h)</div>
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        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249914000007/ex4g.htm">Index Guard Strategy Crediting Rider-S40889</a>,
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(i)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(j)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/836346/000083634607000032/file007.txt">Waiver of Withdrawal Charge Rider-S40749</a>
            incorporated by reference as exhibit EX-99.B4.f. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-139701 and 811-05618), electronically filed on April 9, 2007.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;(k)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 10pt; font-family: 'Arial Narrow';">I<a href="https://www.sec.gov/Archives/edgar/data/836346/000083634606000080/file017.txt">nherited IRA/Roth IRA Endorsement-S40713</a> incorporated by reference as
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        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
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            reference as exhibit EX-99.B4.l. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on September 25, 2006.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
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          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/836346/000092838999000296/0000928389-99-000296.txt">IRA Endorsement-S40014</a> incorporated
            by reference as exhibit EX-99.B4.g. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;&#160;(n)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/836346/000092838999000296/0000928389-99-000296.txt">Unisex Endorsement-(S20146)</a>
            incorporated by reference as exhibit EX-99.B4.h. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="vertical-align: top;">
          <div style="line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">&#160;&#160;&#160;&#160;&#160;&#160;(o)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="vertical-align: top;">
          <div style="margin-right: 3.6pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249917000039/mavdbrider.htm">Maximum Anniversary Death Benefit Rider</a>-
            S40897-NF and S40898-NF, incorporated by reference as Exhibit 4(n) from Post-Effective Amendment No. 1 to Registrant&#8217;s form S-1 (File No. 333-215103), electronically filed on December 15, 2017.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;5.*</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160; <a href="counselconsent.htm">Opinion re Legality, </a>filed herewith</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;8.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Opinion re Tax Matters - not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;9.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;10.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Material Contracts &#8211; not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;11.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;12.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;15.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable</font></div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageFooter"></div>
    <div id="DSPFPageBreak" style="page-break-after:always;">
      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    <div id="DSPFPageHeader"></div>
  </div>
  <div style="line-height: 12pt; margin-bottom: 4.8pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;16.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;21.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160; Not applicable.</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;23.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.06pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; </font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">(a)*&#160;&#160; <a href="auditorconsent.htm">Consent of Independent Registered Public Accounting Firm</a>, filed herewith.</font></div>
  <div style="text-align: left; text-indent: -22.5pt; margin-left: 45pt; line-height: 12pt; margin-bottom: 4.8pt; font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160; &#160; &#160;&#160; (b)&#160; &#160; Consent of Counsel, filed as Exhibit 5 to this Registration Statement.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;">
    <div>
      <table cellspacing="0" cellpadding="0" id="z6b4e1562666c49fca7614d764b340d50" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 45pt; vertical-align: top; align: right;"><font style="font-family: 'Arial Narrow';">&#160;&#160;&#160;24.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </font></td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Arial Narrow';">(a)</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.4pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
            <td style="width: auto; vertical-align: top; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249913000003/ex24b.htm">Board Resolution, effective December 11, 2012</a>, of the Board of Directors of
              Allianz Life Insurance Company of North America, filed on January 3, 2013 as Exhibit 24(b) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.</td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt; font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160; (b)&#160; &#160;&#160; <a href="https://www.sec.gov/Archives/edgar/data/72499/000119312514142646/d687637dex24d.htm">Form of Board
      Resolution of the Board of Directors of Allianz Life Insurance Company of North America,</a> effective April 14, 2014, filed on April 14, 2014 as Exhibit 24(d) to Registrant's Post-Effective Amendment No. 2 to Form S-1 (File No. 333-185864), is
    incorporated by reference.</div>
  <table cellspacing="0" cellpadding="0" id="zae907f1e3dd74e40baec2c9bcf5bff25" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

      <tr>
        <td style="width: 22.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        </td>
        <td style="width: 22.9pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">(c)*</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';"><a href="poa.htm">Powers of Attorney</a>, filed herewith.</div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 4.8pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;25.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt;"><font style="font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;26.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow'; font-size: 10pt;">Not applicable</font></div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt;">
    <div>
      <table cellspacing="0" cellpadding="0" id="zba354f67d0ce4e8f994217775f7956ec" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 45.4pt; vertical-align: top; align: right;"><font style="font-family: 'Arial Narrow';">&#160;&#160;&#160;99.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.04pt;"> &#160;&#160;&#160; <br>
              </font></td>
            <td style="width: 26.6pt; vertical-align: top; align: right;"><font style="font-family: 'Arial Narrow';">(a)</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.32pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
            <td style="width: auto; vertical-align: top; font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249920000034/ex99a.htm">Alternative Minimum Value Exhibit</a> - IXA-032 (05/2020), filed on April 9, 2020 as
              Exhibit 99(a) to Registrant's initial registration on S-1 (File No. 333-237621), is incorporated by reference.</td>
          </tr>

      </table>
    </div>
  </div>
  <table cellspacing="0" cellpadding="0" id="z43e54e07e81340f79f282445baa855f6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

      <tr>
        <td style="width: 22.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        </td>
        <td style="width: 22.9pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">(b)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249921000013/ex99b.htm">Appendix B Exhibit &#8211; Daily Adjustment Calculation</a> - IXA-010b (05/2021), filed on April 16, 2021, as Exhibit 99(b)
            to Registrant's initial registration on Form S-1 (File No. 333-255307), is incorporated by reference.</div>
        </td>
      </tr>

  </table>
  <table cellspacing="0" cellpadding="0" id="z683b535e07bd44e3b1d82470f34b3062" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 4.8pt;">

      <tr>
        <td style="width: 45pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; &#160; &#160; <br>
        </td>
        <td style="width: 22.5pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">(c)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';"><a href="https://www.sec.gov/Archives/edgar/data/72499/000007249918000008/audittransitionltr.htm">Transition Representation Letter</a> - Independent Registered Public Accounting Firm, pursuant to S-K,
            item 304, incorporated by reference as Exhibit 99(c) from Post-Effective Amendment No. 2 to Registrant&#8217;s Form S-1 (File No. 333-215103), electronically filed on April 17, 2018.</div>
        </td>
      </tr>

  </table>
  <table cellspacing="0" cellpadding="0" id="zedfbdacb62f942d4b63250b521647243" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 4.8pt;">

      <tr>
        <td style="width: 4.5pt;"><br>
        </td>
        <td style="width: 40.5pt; vertical-align: top; align: right; font-family: 'Arial Narrow';">107.*</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Arial Narrow';"><a href="ex107.htm">Filing Fee Table</a>, filed herewith.</div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; line-height: 11.4pt; margin-top: 6pt; font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;&#160;*&#160; Filed herewith</div>
  <div style="text-align: left; line-height: 11.4pt; margin-top: 6pt; font-family: 'Arial Narrow'; font-size: 10pt;">&#160;&#160;** To be filed by amendment</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">(b) Financial Statement Schedules</div>
  <div style="text-align: left; margin-left: 18pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt;">All required financial statement schedules of Allianz Life Insurance Company of North America are included in Part I of
    this registration statement.</div>
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  <div style="text-align: left; line-height: 12pt; margin-top: 6pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt; font-weight: bold;">ITEM 17.&#160;&#160; UNDERTAKINGS.</div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow'; font-size: 10pt;">The undersigned registrant hereby undertakes pursuant to Item 512 of Regulation S-K:</div>
  <table cellspacing="0" cellpadding="0" id="zd25736a15eba4466b85d2b0efc20b8be" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">(1)</div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">To file, during any period in which offers or sales are being made, a&#160; post-effective amendment to this registration statement:</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow';">(i)</div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow';">(ii)</div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof)
            which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar
            value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
            424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table&#160; in the effective registration statement.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow';">(iii)</div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
            information in the registration statement.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">(2)</div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="margin-left: 1.75pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a
            new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">(3)</div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="margin-left: 1.75pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
            of the offering.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">(4)</div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="margin-left: 1.75pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b)
            as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration
            statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
            incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made
            in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Arial Narrow';">(5)</div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="margin-left: 1.75pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution
            of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the
            purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such
            purchaser:</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow';">(i)</div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 11.4pt; font-family: 'Arial Narrow';">(ii)</div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the
            undersigned registrant;</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">(iii)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or
            its securities provided by or on behalf of the undersigned registrant; and</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">&#160;</td>
        <td style="width: 6.2%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">(iv)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="width: 87.76%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 6.04%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; margin-bottom: 2pt; font-family: 'Arial Narrow';">(6)</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="width: 93.96%; vertical-align: top;" colspan="2">
          <div style="margin-left: 1.75pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
            persons of the Registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act
            and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in
            the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has
            been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
      </tr>

  </table>
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  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES</div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized, in the City of Minneapolis, State of Minnesota, on this 15th day of April, 2022.</div>
  <div style="text-align: center; margin-left: 45pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</div>
  <div style="text-align: center; margin-left: 45pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">By: <u>/s/ Jasmine M. Jirele*</u></div>
  <div style="text-align: center; margin-left: 45pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Jasmine M. Jirele</div>
  <div style="text-align: center; margin-left: 45pt; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chief Executive Officer, President, and Director</div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="text-align: left; line-height: 12pt; margin-bottom: 6pt; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
    capacities indicated on April 15, 2022.</div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
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      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 14.4pt; border-bottom: 0.5pt solid black;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Arial Narrow'; font-weight: bold;">Signature</div>
          </div>
        </td>
        <td style="width: 65.26%; vertical-align: top;" colspan="2">
          <div style="line-height: 14.4pt; border-bottom: 0.5pt solid black;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Arial Narrow'; font-weight: bold;">Title</div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Jasmine Jirele<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director, President &amp; Chief Executive Officer</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Andreas G. Wimmer<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Board Chair</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Walter R. White<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Udo Frank<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">William E. Gaumond<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director, Senior Vice President, Chief Financial Officer and Treasurer (principal accounting officer)</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Kevin E. Walker<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Anna Sophie Herken<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director</div>
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 34.74%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Howard E. Woolley<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        </td>
        <td style="width: 59.54%; vertical-align: top;">
          <div style="line-height: 12pt; font-family: 'Arial Narrow';">Director</div>
        </td>
        <td style="width: 5.72%; vertical-align: top;">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="text-align: left; text-indent: -14.4pt; margin-left: 14.4pt; line-height: 10pt; margin-top: 6pt; font-family: 'Times New Roman'; font-size: 8pt;">*By Power of Attorney, filed as Exhibit 24(c) to this Registration Statement.</div>
  <div style="line-height: 10pt; margin-bottom: 1pt;"><br style="line-height: 10pt;">
  </div>
  <div style="line-height: 12pt; margin-bottom: 6pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BY<u>: /s/ Erik T. Nelson</u></font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Erik T. Nelson</div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160;&#160; Associate General Counsel, Senior Counsel</div>
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  </div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
  </div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">FORM S-1</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">INDEX TO EXHIBITS</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="line-height: 12pt; margin-bottom: 4.8pt;"><br style="line-height: 12pt;">
  </div>
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        <td style="width: 16.87%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit</div>
        </td>
        <td style="width: 80.72%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman'; font-weight: bold;">Description of Exhibit</div>
        </td>
        <td style="width: 2.41%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.87%; vertical-align: top;">
          <div style="text-align: right; margin-right: 4.45pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">5</div>
          <div style="line-height: 0pt;"><font style="line-height: 0pt;">&#160;</font></div>
        </td>
        <td style="width: 83.13%; vertical-align: top;" colspan="2">
          <div style="margin-right: 4.45pt; line-height: 11.4pt; margin-bottom: 6pt; font-family: 'Arial Narrow';">Opinion of Counsel</div>
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{"company-data": {"conformed-name": "ALLIANZ LIFE INSURANCE CO OF NORTH AMERICA", "cik": "0000072499", "assigned-sic": "6311", "irs-number": "411366075", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-264344", "film-number": "22830922"}, "business-address": {"street1": "5701 GOLDEN HILLS DRIVE", "city": "MINNEAPOLIS", "state": "MN", "zip": "55416", "phone": "800-950-5872"}, "mail-address": {"street1": "5701 GOLDEN HILLS DRIVE", "city": "MINNEAPOLIS", "state": "MN", "zip": "55416"}, "former-company": {"former-conformed-name": "NORTH AMERICAN LIFE & CASUALTY CO", "date-changed": "19951012"}}
As filed with the Securities and Exchange Commission on April 15, 2022                         Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-1
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
Allianz Life Insurance Company of North America
(Exact name of Registrant as specified in its charter)
Minnesota
(State or other jurisdiction of
incorporation or organization)
6311
(Primary Standard Industrial
Classification Code Number)
41-1366075
(I.R.S. Employer
Identification No.)
5701 Golden Hills Drive
Minneapolis, MN 55416
(800) 950-5872
(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)
Erik T. Nelson, Esq.
Allianz Life Insurance Company of North America
5701 Golden Hills Drive
Minneapolis, MN 55416
(763) 765-7453
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Approximate date of commencement of proposed sale to the public:
As soon as practicable after this registration statement becomes effective.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
    the Securities Act of 1933, check the following box. [X]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
    reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
[   ]
Accelerated filer
[   ]
Non-accelerated filer
[X]
Smaller reporting company   [   ]
(Do not check if a smaller reporting company)
The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
    the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become
    effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
PART I – PROSPECTUS
ALLIANZ Index Advantage NF
®
VARIABLE ANNUITY CONTRACT
An individual flexible purchase payment index-linked
          and variable deferred annuity contract
(the Contract)
Issued by Allianz Life
®
Variable Account B
(the Separate Account)
and
Allianz Life Insurance Company of North America
(Allianz Life, we, us, our)
Prospectus Dated: April 29, 2022
Standard Annuity Features
Available Investment Options
Optional Features
• Five fixed annuitization options
(Annuity Options)
• Free withdrawal privilege allows you withdraw up to 10% of your total purchase payments during the six-year withdrawal charge period• Systematic withdrawal program• Minimum
                  distribution program for certain tax-qualified Contracts• Waiver of withdrawal charge benefit
(not available in all states)• Guaranteed death benefit
(Traditional Death Benefit)
• 22 index-linked investment options
(Index Options)
based on different combinations of four credit calculation methods
(Crediting Methods)
, four nationally recognized third-party broad based equity securities indexes and an exchange-traded fund
(Index or Indexes)
, and two time periods for measuring Index performance
(Term)
• Three variable investment options
(Variable Options)
•
Maximum Anniversary Value Death Benefit:
Locks in any annual investment gains to potentially provide a death benefit greater than the Traditional Death Benefit. This optional benefit has an additional rider fee.
Crediting Methods Currently Available
Only the Index Performance Strategy offers 1-year and 3-year Terms.
All other Crediting Methods only offer 1-year Terms.
Indexes Currently
Available with
1-year Terms
Indexes Currently
Available with
3-year Terms
(Index Performance Strategy only)
• Index Protection Strategy
• Index Precision Strategy
• Index Guard Strategy
• Index Performance Strategy
• S&P 500
®
Index
• Russell 2000
®
Index
• Nasdaq-100
®
Index
• EURO STOXX 50
®
• iShares
®
MSCI Emerging Markets ETF
• S&P 500
®
Index
• Russell 2000
®
Index
Crediting Methods, Indexes, and the 3-year Terms may not be available in all states as detailed in Appendix G.
Crediting Method Highlights
All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index
                    performance.
Credits
are the return you receive on the Term End Date when you allocate assets to an Index
                    Option.
Negative Index Performance Protection
Positive Index Performance Participation Limit
Index Protection
Strategy
•
100%
–  You will never receive a negative Credit
•
Declared Protection Strategy Credits (DPSCs)
(the return you receive if Index performance is zero or positive)
–  DPSCs cannot be less than 0.10%
Index Precision
Strategy
•
Buffers
(the amount of negative Index performance we absorb over the
                  duration of a Term before you receive a negative Credit)
–  Buffers are 10%
•
Precision Rates
(the return you receive if Index performance is zero or positive)
–  Precision Rates cannot be less than 0.10%
Index Guard
Strategy
•
Floors
(the
maximum
amount of negative Index performance you absorb)
–  Floors are -10%
•
Caps
(the
upper limit
on positive Index performance)
–  Caps cannot be less than 0.10%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
1
Crediting Method Highlights
All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index
                    performance.
Credits
are the return you receive on the Term End Date when you allocate assets to an Index
                    Option.
Negative Index Performance Protection
Positive Index Performance Participation Limit
Index Performance Strategy
•
Buffers
–  Buffers for 1-year Terms are 10%
–  Buffers for 3-year Terms are 10%
•
1-year Term: Caps
–  Caps cannot be less than 0.10%
•
3-year Term: Caps
–  Caps cannot be less than 2%
–  Can be uncapped
The Contract's risks are described in Risk Factors on
          page 28 of this prospectus.
Variable Options Currently Available
AZL
®
MVP Growth Index Strategy Fund
AZL
®
MVP Balanced Index Strategy Fund
AZL
®
Government Money Market Fund
You can allocate the money you put into the
          Contract
(Purchase Payments)
to any or all of the available Index Options and Variable Options
(Allocation Options)
. You may also reallocate and transfer Contract
          Value among the Allocation Options subject to certain restrictions described in this prospectus. Your
Contract Value
is the current value of the Purchase Payments you invest that includes the returns of
          your selected Allocation Options. It reflects deductions we make for Contract fees and expenses. All withdrawals you take and financial adviser fees that you choose to have us pay from this Contract reduce your Contract Value dollar for dollar,
          including partial withdrawals that may be subject to a withdrawal charge.
If you allocate Purchase Payments or transfer
          Contract Value to the Index Options, you receive Credits calculated by us based on the performance of one or more Indexes over a Term
as measured by the Index Return and the applicable Buffer, Floor, DPSC,
          Precision Rate, or Cap. The
Index Return
is the percentage change in Index value from the Term Start Date to the Term End Date. The
Term Start Date
is the date on
          which a Term begins and we set the DPSCs, Precision Rates, and Caps for an Index Option; this can occur on either the Index Effective Date or an Index Anniversary. The
Term End Date
is the date on which a
          Term ends and we apply Credits; this can only occur on an Index Anniversary. The
Index Effective Date
is the first day we allocate assets to an Index Option. An
Index
            Anniversary
is a twelve-month anniversary of the Index Effective Date.
Because we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the
            Index you selected for a given Crediting Method experienced gains through some, or most, of the Term.
Credits may be positive, negative, or equal to
          zero, depending on the applicable Crediting Method and the performance of the applicable Index.
The Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy allow negative Performance
            Credits.
A
Performance Credit
is the Credit you receive on a Term End Date for any Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy.
A negative Performance Credit means you can lose principal and previous earnings.
These losses could be significant.
The
            risk of loss can become greater in the case of an early withdrawal (a withdrawal taken within six years after we receive a Purchase Payment) due to withdrawal charges.
Withdrawals will be subject to federal and state taxation, and
          withdrawals taken before age 59
1
⁄
2
may also be subject to a 10% additional federal tax. If this is a Non-Qualified
          Contract, a withdrawal will be taxable to the extent that gain exists within the Contract. A
Non-Qualified Contract
is a Contract that is not purchased under a pension or retirement plan that qualifies for
          special tax treatment under sections of the Internal Revenue Code
(the Code)
.
DPSCs, Precision Rates, and Caps that we use to
          determine Credits for a Contract can change on each Term Start Date
and may vary substantially based on market conditions. However, in extreme market environments, it is possible that all DPSCs,
            Precision Rates, and Caps will be reduced to their respective minimums of 0.10%, or 2% as stated in the table above.
10% Buffers and -10% Floors that we use to determine Credits for a Contract do not change. The Crediting Methods are
          described in greater detail in the Summary of the Index Options, and in section 4, Valuing Your Contract – Calculating Credits. The Indexes are described in Appendix A. For historical information on the DPSCs, Precision Rates, and Caps, see
          Appendix C. For historical Index Option performance information, see Appendix D.
The Daily Adjustment is how we calculate Index
          Option Values (the portion of your Contract Value in the Index Options) on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy.
The Index Options with the Index Protection Strategy and the Variable
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
2
Options are not subject to the Daily Adjustment.
The Daily Adjustment approximates the Index Option Value that will be available on the Term End Date. If before the Term End Date you take a full or partial withdrawal (including financial adviser
            fees that you choose to have us pay from this Contract), annuitize the Contract, we pay a death benefit, or we deduct Contract fees and expenses, we calculate the Index Option Value by applying the Daily Adjustment. All withdrawals you take are
            subject to the Daily Adjustment, even withdrawals that are not subject to a withdrawal charge
(Penalty-Free Withdrawals)
. Penalty-Free
            Withdrawals include withdrawals you take under the free withdrawal privilege or waiver of withdrawal charge benefit, and payments you take under our minimum distribution program.
In extreme circumstances
            the Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, but it cannot result in a total loss of -100%. Such losses will be greater if the amount withdrawn (including financial adviser fees that you
            choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.
If you allocate Purchase Payments or transfer
          Contract Value to the Variable Options, the value of your investment
(Variable Account Value)
increases and decreases each Business Day based on your selected Variable Options' performance. A
Business Day
is each day the New York Stock Exchange is open for trading and it ends when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. The Separate Account
          holds the assets you allocate to the Variable Options.
The Variable Options do not provide any protection against loss of principal. You can lose principal and previous earnings that you allocate
            to the Variable Options.
Index-linked and variable annuity contracts are
          complex insurance and investment vehicles.
Before you invest, be sure to ask your
Financial Professional
(the person who advises you regarding the Contract) about the
            Contract's features, benefits, risks, fees and expenses, whether the Contract is appropriate for you based upon your financial situation and objectives, and for a specific recommendation to purchase the Contract. The Contract may be available
            through third-party financial advisers who charge a financial adviser fee for their services. If you choose to pay financial adviser fees from this Contract, the deduction of this financial adviser fee is in addition to this Contract's fees and
            expenses, and the deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be subject to withdrawal charges, will reduce the Contract Value and Guaranteed Death Benefit
            Value (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59
1
⁄
2
).
Please consult with your Financial Professional before requesting us to pay financial adviser fees
            from this Contract compared to other assets you may have.
All guarantees under the Contract, including Credits,
          are the obligations of Allianz Life and are subject to our claims-paying ability and financial strength.
Please read this prospectus before investing and
          keep it for future reference. The prospectus describes all material rights and obligations of purchasers under the Contract. It contains important information about the Contract and Allianz Life that you ought to know before investing including
          material state variations. Availability of Index Options may vary by financial intermediary. You can obtain information on which Index Options are available to you by calling (800) 624-0197, or from your Financial Professional. This prospectus is
          not offered in any state, country, or jurisdiction in which we are not authorized to sell the Contracts. You should rely only on the information contained in this prospectus. We have not authorized anyone to give you different information.
If you are a new investor in the Contract, you may
          cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or
          your total Contract Value.  You should review this prospectus, or consult with your Financial Professional, for additional information about the specific cancellation terms that apply.
The Securities and Exchange Commission (SEC) has not
          approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. An investment in this Contract is not a deposit of a bank or financial institution and is
          not federally insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. An investment in this Contract involves investment risk including the possible loss of principal.
Additional information about certain investment
          products, including variable annuities, has been prepared by the Securities & Exchange Commission's (SEC) staff and is available at
investor.gov
.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
3
TABLE OF CONTENTS
Glossary
6
Important Information You Should Consider About the Contract
11
Overview of the Contract
15
What Is the Purpose of the Contract?
15
What Are the Phases of the Contract?
15
What Are the Contract's Primary Features?
16
Summary of the Index Options
17
How Do the Crediting Methods Work?
17
How Do the Crediting Methods Compare?
18
Bar Chart Examples of the Crediting Methods Performance
19
Can the Crediting Methods, Terms, or Indexes Change?
22
When Does Allianz Establish the Values Used to Determine Index Credits?
22
What Are the Different Values Within the Contract?
23
What Is the Daily Adjustment?
24
What Is the Performance Lock?
25
Fee Tables
26
Transaction Expenses
26
Annual Contract Expenses
27
Annual Variable Option Expenses
27
Example
27
Risk Factors
28
Liquidity Risks
28
Risks of Investing in Securities
29
Risk of Negative Returns
30
Risks Associated with Calculation of Credits
31
Risks Associated with Performance Locks
31
Substitution of an Index
32
Changes to Declared Protection Strategy Credits (DPSCs), Precision Rates, and Caps
32
Investment in Derivative Hedging Instruments
33
Risks of Deducting Financial Adviser Fees from the Contract
34
Our Financial Strength and Claims-Paying Ability
34
Regulatory Protections
34
1.
The Contract
35
Financial Adviser Fees
35
When the Contract Ends
37
2.
Ownership, Annuitant, Determining Life, Beneficiary, and Payee
37
Owner
37
Joint Owner
37
Annuitant
37
Determining Life (Lives)
39
Beneficiary
39
Payee
39
Assignments, Changes of Ownership and Other Transfers of Contract Rights
40
3.
Purchasing the Contract
40
Purchase Requirements
40
Applications Sent Electronically
41
Allocation of Purchase Payments and Contract Value Transfers
41
Automatic Investment Plan (AIP)
42
Free Look/Right To Examine Period
43
4.
Valuing Your Contract
43
Determining Variable Account Value
44
Determining Index Option Values
45
Calculating Credits
46
Daily Adjustment for the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy
47
Performance Locks
47
Optional Reallocation Program for the 1-year Term Index Options
48
5.
Variable Options
48
Substitution of Variable Options and Limitation on Further Investments
49
Transfers Between Variable Options
49
Electronic Transfer and Allocation Instructions
50
Excessive Trading and Market Timing
50
Voting Privileges
52
6.
Expenses
52
Base Contract Expenses (Mortality and Expense Risk (M&E) Charge)
52
Optional Benefit Additional Rider Fee
53
Contract Maintenance Charge (Administrative Expenses)
54
Withdrawal Charge
54
Transfer Fee
56
Daily Adjustment Maximum Potential Loss
57
Premium Tax
57
Income Tax
57
Variable Option Expenses
57
Allianz
              Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Table of Contents
4
TABLE OF CONTENTS
7.
Access to Your Money
57
Free Withdrawal Privilege
58
Systematic Withdrawal Program
58
Minimum Distribution Program and Required Minimum Distribution (RMD) Payments
59
Waiver of Withdrawal Charge Benefit
59
Suspension of Payments or Transfers
59
8.
The Annuity Phase
59
Calculating Your Annuity Payments
60
Annuity Payment Options
60
When Annuity Payments Begin
61
9.
Benefits Available Under the Contract
62
10.
Death Benefit
64
Maximum Anniversary Value
66
Death of the Owner and/or Annuitant
67
Death Benefit Payment Options During the Accumulation Phase
67
Death Benefit Payment Options
68
11.
Taxes
68
Annuity Contracts in General
68
Qualified Contracts
68
Summary of Individuals and Entities That Can Own a Qualified Contract
70
Non-Qualified Contracts
70
Non-Qualified Contracts Owned by Non-Individuals
70
Taxation of Withdrawals
70
10% Additional Federal Tax
71
Non-Qualified Annuity Medicare Tax
72
Payments for Financial Adviser Fees
72
RMDs From Qualified Contracts
72
Diversification
72
Owner Control
73
Taxation of Annuity Payments
73
Distributions Upon the Owner's Death (or Annuitant's Death If the Owner Is a Non-individual)
73
Tax-Free Section 1035 Exchanges
75
Multiple Non-Qualified Contracts Purchased In the Same Year By the Same Owner
75
Assignments, Pledges and Gratuitous Transfers
75
Income Tax Withholding
75
Federal Estate Taxes
76
Generation-Skipping Transfer Tax
76
Foreign Tax Credits
76
Possible Tax Law Changes
76
12.
Other Information
76
The Registered Separate Account
76
Our General Account
77
Our Unregistered Separate Account
77
Distribution
77
Additional Credits for Certain Groups
78
Administration/Allianz Service Center
78
Legal Proceedings
79
Status Pursuant to Securities Exchange Act of 1934
79
13.
Information on Allianz Life
79
Directors, Executive Officers and Corporate Governance
79
Executive Compensation
84
Security Ownership of Certain Beneficial Owners and Management
94
Transactions with Related Persons, Promoters and Certain Control Persons
94
Business and Operational Risks Relevant to the Contract
95
14.
Financial Statements
102
Appendix A – Available Indexes
103
S&P 500
®
Index
103
Russell 2000
®
Index
103
Nasdaq-100
®
Index
104
EURO STOXX 50
®
104
i
Shares
®
MSCI Emerging Markets ETF
105
Appendix B – Daily Adjustment
106
Appendix C – Historical Initial and Renewal DPSCs, Precision Rates, and Caps
108
Index Protection Strategy
108
Index Precision Strategy
110
Index Guard Strategy
111
Index Performance Strategy 1-year Term
112
Index Performance Strategy 3-year Term
112
Appendix D – Historical Index Option Performance Information
114
Index Protection Strategy with the S&P 500
®
Index
114
Index Precision Strategy with the S&P 500
®
Index
114
Index Guard Strategy with the S&P 500
®
Index
115
Index Performance Strategy 1-year Term with the S&P 500
®
Index
116
Appendix E – Rider Fee Calculation Example
118
Appendix F – Alternate Minimum Value
119
Appendix G – Material Contract Variations by State and Issue Date
120
Crediting Method and/or Index Option Availability Restrictions
120
Death Benefit Availability Restrictions
120
Other Material State Contract Variations
121
Allianz
              Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Table of Contents
5
TABLE OF CONTENTS
Appendix H – Variable Options Available Under the Contract
125
Appendix I – Selected Financial Data and Statutory Financial Statements
126
Management's Discussion and Analysis of Financial Condition and Results of Operations (For the 12 month period ended December 31, 2021)
126
Statutory Financial Statements
126
For Service or More Information
127
Our Service Center
127
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
6
Table of Contents
Glossary
This prospectus is written in plain English.
          However, there are some technical words or terms that are capitalized and are used as defined terms throughout the prospectus. For your convenience, we included this glossary to define these terms.
Accumulated Alternate Interest
– the sum of alternate interest earned for the entire time you own your Contract. We use the Accumulated Alternate Interest to calculate the Alternate Minimum Value for certain Contracts as stated in Appendix F. The
            alternate interest for each Index Year is equal to either 70% or 87.5% of the Index Option Base multiplied by the alternate interest rate. The alternate interest rate is stated in your Contract and does not change for the entire time you own
            your Contract.
Accumulation Phase
– the first phase of your Contract before you request Annuity Payments. The Accumulation Phase begins on the Issue Date.
Allocation Options
– the Variable Options and Index Options available to you under the Contract.
Alternate Minimum Value
– for certain Contracts as stated in Appendix F, the guaranteed minimum Index Option Value we provide for each Crediting Method if you take a withdrawal, annuitize the Contract, transfer out of Index Options to the
            Variable Options, or if we pay a death benefit.
Annuitant
– the
            individual upon whose life we base the Annuity Payments. Subject to our approval, the Owner designates the Annuitant, and can add a joint Annuitant for the Annuity Phase. There are restrictions on who can become an Annuitant.
Annuity Date
– the
            date we begin making Annuity Payments to the Payee from the Contract. The earliest available Annuity Date is the second Contract Anniversary, and the latest possible Annuity Date is either age 90 or age 100 depending on the requirements of the
            Financial Professional you purchased your Contract through and your state of residence.
Annuity Options
–
            the annuity income options available to you under the Contract.
Annuity Payments
–
            payments made by us to the Payee pursuant to the chosen Annuity Option.
Annuity Phase
– the
            phase the Contract is in once Annuity Payments begin.
Beneficiary
– the
            person(s) or entity the Owner designates to receive any death benefit, unless otherwise required by the Contract or applicable law.
Buffer
– for each
            Index Option with the Index Precision Strategy and Index Performance Strategy, this is the negative Index Return that we absorb over the duration of a Term (which can be either one or three years) before applying a negative Performance Credit.
            We do
not
apply the Buffer annually on a 3-year Term Index Option. The Buffers are 10%. Buffers do not change.
Business Day
– each
            day on which the New York Stock Exchange is open for trading. Allianz Life is open for business on each day that the New York Stock Exchange is open. Our Business Day ends when regular trading on the New York Stock Exchange closes, which is
            usually at 4:00 p.m. Eastern Time.
Cap
– for any Index
            Option with the Index Performance Strategy or Index Guard Strategy, this is the upper limit on positive Index performance over the duration of a Term (which can be either one, or three years) and the maximum potential Performance Credit for an
            Index Option. We do
not
apply the Cap annually on a 3-year Term Index Option. On each Term Start Date, we set a Cap for each Index Option with the Index
            Performance Strategy and Index Guard Strategy. The Caps applicable to your Contract are shown on the Index Options Statement.
Charge Base
– the
            Contract Value on the preceding Quarterly Contract Anniversary (or the initial Purchase Payment received on the Issue Date if this is before the first Quarterly Contract Anniversary), increased by the dollar amount of subsequent Purchase
            Payments, and reduced proportionately for subsequent withdrawals you take or financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge) and deductions we make for Contract fees and expenses. All
            withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals. We use the Charge Base to determine the next rider fee we deduct if you select the Maximum Anniversary Value Death Benefit.
Contract
– the
            individual flexible purchase payment index-linked and variable deferred annuity contract described by this prospectus. The Contract may also be referred to as a registered index-linked annuity, or "RILA".
Contract Anniversary
– a twelve-month anniversary of the Issue Date or any subsequent Contract Anniversary.
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Contract Value
–
            the current value of the Purchase Payments you invest. On any Business Day, your Contract Value is the sum of your Index Option Value(s) and Variable Account Value. Variable Account Value fluctuates each Business Day that money is held in a
            Variable Option. Index Option Value is increased or decreased on each Term End Date to reflect Credits, which can be negative with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy.
A negative Credit
          means that you can lose principal and previous earnings.
The Index Option Values for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy also reflect the
            Daily Adjustment on every Business Day other than the Term Start Date or Term End Date. All withdrawals you take reduce Contract Value dollar for dollar, even Penalty-Free Withdrawals, and financial adviser fees that you choose to have us pay
            from this Contract. Contract Value is also reduced dollar for dollar for deductions we make for Contract fees and expenses. However, Contract Value does not reflect future fees and expenses we would apply on liquidation. The cash surrender
            value reflects all Contract fees and expenses we would apply on liquidation.
Contract Year
– any
            period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary.
Credit
– the return
            you receive on the Term End Date when you allocate Purchase Payments or transfer Contract Value to an Index Option. Credits may be positive, zero, or, in some instances, negative if you select the Index Precision Strategy, Index Guard Strategy,
            or Index Performance Strategy.
A negative Credit means that you can lose principal and previous earnings.
Crediting Method
–
            a method we use to calculate Credits if you allocate Purchase Payments or transfer Contract Value to an Index Option.
Daily Adjustment
–
            how we calculate Index Option Values on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy as discussed in the Summary of the Index
            Options – What is the Daily Adjustment?; section 4, Valuing Your Contract – Daily Adjustment for the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy; and Appendix B. The Daily Adjustment approximates the Index
            Option Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date.
Declared Protection Strategy Credit (DPSC)
– the positive Credit you receive on a Term End Date for any Index Option with the Index Protection Strategy if Index performance is zero or positive. You receive a Credit equal to the DPSC on the Term End Date if
            the current Index Value is equal to or greater than the Index Value on the Term Start Date. You will not receive a negative Credit if the Index Value decreases from the Term Start Date the Term End Date. We set the DPSCs on each Term Start
            Date. The DPSCs provide predefined upside potential. The DPSCs applicable to your Contract are shown on the Index Options Statement.
Determining Life (Lives)
– the person(s) designated at Contract issue and named in the Contract on whose life we base the guaranteed Traditional Death Benefit or Maximum Anniversary Value Death Benefit.
Financial Professional
– the person who advises you regarding the Contract.
Floor
– for any
            Index Option with the Index Guard Strategy, this is the maximum amount of negative Index Return you absorb as a negative Performance Credit. The Floors are -10% and do not change.
Good Order
– a
            request is in "Good Order" if it contains all of the information we require to process the request. If we require information to be provided in writing, "Good Order" also includes providing information on the correct form, with any required
            certifications, guarantees and/or signatures, and received at our Service Center after delivery to the correct mailing, email, or website address, which are all listed at the back of this prospectus. If you have questions about the information
            we require, or whether you can submit certain information by fax, email or over the web, please contact our Service Center. If you send information by email or upload it to our website, we send you a confirmation number that includes the date
            and time we received your information.
Guaranteed Death Benefit Value
– the guaranteed value that is available to your Beneficiary(s) on the first death of any Determining Life during the Accumulation Phase. The Guaranteed Death Benefit Value is either total Purchase Payments reduced
            proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit. All withdrawals you take reduce
            the Guaranteed Death Benefit Value, even Penalty-Free Withdrawals, and any financial adviser fees that you choose to have us pay from this Contract. However, we do not reduce the Guaranteed Death Benefit Value for deductions we make for
            Contract fees and expenses. These deductions will, however, reduce the Contract Value we use to calculate the Maximum Anniversary Value.
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Index (Indexes)
–
            one (or more) of the nationally recognized third-party broad based equity securities price return Indexes or exchange-traded fund available to you under your Contract as described in Appendix A.
Index Anniversary
–
            a twelve-month anniversary of the Index Effective Date or any subsequent Index Anniversary.
Index Effective Date
– the first day we allocate assets to an Index Option. The Index Effective Date is stated on the Index Options Statement and starts the first Index Year. When you purchase this Contract you select the Index Effective Date as discussed in
            section 3, Purchasing the Contract – Allocation of Purchase Payments and Contract Value Transfers.
Index Guard Strategy
– one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract – Calculating Credits. The Index Guard Strategy calculates Performance Credits based on Index Returns subject to a Cap and
            -10% Floor. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings. The Index Guard Strategy is more sensitive to smaller negative market movements that persist over
            time because the -10% Floor reduces the impact of large negative market movements. In an extended period of smaller negative market returns, the risk of loss is greater with the Index Guard Strategy than with the Index Performance Strategy and
            Index Precision Strategy.
Index Option
– the
            index-linked investments available to you under the Contract. Each Index Option is the combination of a Crediting Method, an Index, and a Term length.
Index Option Base
–
            an amount we use to calculate Credits and the Daily Adjustment. The Index Option Base is initially equal to the amounts you allocate to an Index Option. We reduce the Index Option Base proportionately for withdrawals you take and any financial
            adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses; we increase/decrease it by the dollar amount of additional Purchase Payments allocated to,
            transfers into or out of the Index Option; and any Credits.
Index Option Value
– on any Business Day, it is equal to the portion of your Contract Value in a particular Index Option. We establish an Index Option Value for each Index Option you select. Each Index Option Value includes any Credits from previous Term End
            Dates and reflects proportional reductions for previous partial withdrawals you take and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and previous deductions we made for
            Contract fees and expenses. On each Business Day, other than the Term Start Date or Term End Date, the Index Option Values for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy also
            include an increase/decrease from the Daily Adjustment.
Index Options Statement
– the account statement we mail to you on the Index Effective Date and each Index Anniversary thereafter. On the Index Effective Date, the statement shows the initial Index Values, DPSCs, Precision Rates, and Caps
            for the Index Options you selected. On each Index Anniversary, the statement shows the new Index Values, Credits received, and renewal DPSCs, Precision Rates, and Caps that are effective for the next Term for the Index Options you selected that
            have reached their Term End Date. The Index Options Statement also shows any applicable Buffer or Floor for your selected Index Option(s). For any 3-year Term Index Option you selected that has not reached its Term End Date the statement shows
            the current Index Anniversary's Index Option Value, which includes the Daily Adjustment.
Index Performance Strategy
– one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract – Calculating Credits. This Crediting Method offers 1-year and 3-year Terms. The Index
            Performance Strategy calculates Performance Credits based on Index Returns subject to a Cap and a 10% Buffer. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings.
            The Index Performance Strategy is more sensitive to large negative market movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the
            Index Performance Strategy than with the Index Guard Strategy.
Index Precision Strategy
– one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract – Calculating Credits. The Index Precision Strategy calculates Performance Credits based on Index
            Values and Index Returns subject to the Precision Rate and 10% Buffer. You can receive negative Performance Credits under this Crediting Method, which means you can lose principal and previous earnings. The Index Precision Strategy may perform
            best in periods of small positive market movements because the Precision Rates will generally be greater than the DPSCs, but less than the Index Performance Strategy Caps. The Index Precision Strategy is more sensitive to large negative market
            movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Precision Strategy than with the Index Guard Strategy.
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Index Protection Strategy
– one of the Crediting Methods described in the Summary of the Index Options; and in section 4, Valuing Your Contract – Calculating Credits. The Index Protection Strategy provides Credits equal to the DPSCs on the
            Term End Date if the current Index Value is equal to or greater than the Index Value on the Term Start Date. The Index Protection Strategy provides the most protection because it does not allow negative Credits, and offers the least growth
            opportunity as DPSCs will generally be less than Precision Rates and Caps.
Index Return
– the
            percentage change in Index Value from the Term Start Date to the Term End Date, which we use to determine the Performance Credits for any Index Option with the Index Performance Strategy or Index Guard Strategy, and negative Performance Credits
            for any Index Option with the Index Precision Strategy. The Index Return is the Index Value on the Term End Date, minus the Index Value on the Term Start Date, divided by the Index Value on the Term Start Date.
Index Value
– an
            Index's closing market price at the end of the Business Day on the Term Start Date and Term End Date as provided by Bloomberg or another market source if Bloomberg is not available.
Index Year
– a
            twelve-month period beginning on the Index Effective Date or a subsequent Index Anniversary.
Issue Date
– the
            date we issue the Contract. The Issue Date is stated in your Contract and starts your first Contract Year. Contract Anniversaries and Contract Years are measured from the Issue Date.
Joint Owners
– the
            two person(s) designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.
Lock Date
–for each
            Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy this is the Business Day we execute a Performance Lock and capture an Index Option Value (which
includes
the Daily Adjustment) before the Term End Date.
Maximum Anniversary Value
– the highest Contract Value on any Index Anniversary before age 91, increased by the dollar amount of subsequent Purchase Payments, and reduced proportionately for subsequent withdrawals you take (including any
            withdrawal charge), used to determine the Maximum Anniversary Value Death Benefit as discussed in section 10. All withdrawals you take reduce your Maximum Anniversary Value, even Penalty-Free Withdrawals. Deductions we make for Contract fees
            and expenses do not reduce the Maximum Anniversary Value. These deductions will, however, reduce the Contract Value we use to calculate the Maximum Anniversary Value.
Maximum Anniversary Value Death Benefit
– an optional benefit described in section 10 that has an additional rider fee and is intended to potentially provide a death benefit greater than the Traditional Death Benefit. The Maximum Anniversary Value Death
            Benefit can only be added to a Contract at issue.
Non-Qualified Contract
– a Contract that is not purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code.
Owner
– "you,"
            "your" and "yours." The person(s) or entity designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.
Payee
– the person
            or entity who receives Annuity Payments during the Annuity Phase.
Penalty-Free Withdrawals
– withdrawals you take that are not subject to a withdrawal charge. Penalty-Free Withdrawals include withdrawals you take under the free withdrawal privilege or waiver of withdrawal charge benefit, and RMD payments
            you take under our minimum distribution program.
Performance Credit
– the Credit you receive on a Term End Date when you allocate assets to an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy. We base Performance Credits on Index Values and Index Returns as
            limited by the applicable Precision Rate or Cap if returns are flat or positive, or after application of the applicable Buffer or Floor if returns are negative. If Performance Credits are negative,
you can lose principal and previous
          earnings.
Performance Lock
–
            a feature that allows you to capture the current Index Option Value during the Term for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. A Performance Lock applies to the total Index
            Option Value in an Index Option, and not just a portion of that Index Option Value. After the Lock Date, Daily Adjustments do not apply to a locked Index Option for the remainder of the Term and the Index Option Value will not receive a
            Performance Credit on the Term End Date.
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Precision Rate
–
            the positive Performance Credit you receive for any Index Option with the Index Precision Strategy if Index performance is zero or positive. You receive a Performance Credit equal to the Precision Rate on the Term End Date if the current Index
            Value is equal to or greater than the Index Value on the Term Start Date. We set a Precision Rate for each Index Precision Strategy Index Option on each Term Start Date. The Precision Rates applicable to your Contract are shown on the Index
            Options Statement.
Proxy Investment
–
            provides a current estimate of what the Performance Credit will be on the Term End Date taking into account any applicable Buffer, Floor, Precision Rate, and/or Cap. We use the Proxy Investment to calculate the Daily Adjustment on Business Days
            other than the Term Start Date or Term End Date. For more information, see Appendix B.
Proxy Value
– the
            hypothetical value of the Proxy Investment used to calculate the Daily Adjustment as discussed in Appendix B.
Purchase Payment
–
            the money you put into the Contract.
Qualified Contract
– a Contract purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code (for example, 401(a) and 401(k) plans), Individual Retirement Annuities (IRAs), or Tax-Sheltered Annuities (referred
            to as TSA contracts). Currently, we issue Qualified Contracts that may include, but are not limited to Roth IRAs, traditional IRAs and Simplified Employee Pension (SEP) IRAs. We may also issue an Inherited IRA and Inherited Roth IRA to make any
            required minimum distribution payments to a beneficiary of a previously held tax-qualified arrangement.
Quarterly Contract Anniversary
– the day that occurs three calendar months after the Issue Date or any subsequent Quarterly Contract Anniversary.
Separate Account
–
            Allianz Life Variable Account B is the Separate Account that issues the variable investment portion of your Contract. It is a separate investment account of Allianz Life. The Separate Account holds the Variable Options that underlie the
            Contracts. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Variable Option. The Separate Account is registered with the SEC as a unit investment trust, and may be referred to as the Registered
            Separate Account.
Service Center
–
            the area of our company that issues Contracts and provides Contract maintenance and routine customer service. Our Service Center address and telephone number are listed at the back of this prospectus. The address for mailing applications and/or
            checks for Purchase Payments may be different and is also listed at the back of this prospectus.
Term
– The period
            of time, from the Term Start Date to the Term End Date, in which we measure Index Return to determine Credits.
Term End Date –
The
            day on which a Term ends and we apply Credits. A Term End Date may only occur on an Index Anniversary. If a Term End Date does not occur on a Business Day, we consider it to occur on the next Business Day.
Term Start Date –
The
            day on which a Term begins and we set the DPSCs, Precision Rates, and Caps for an Index Option. A Term Start Date may only occur on the Index Effective Date or an Index Anniversary. If a Term Start Date does not occur on a Business Day, we
            consider it to occur on the next Business Day.
Traditional Death Benefit
– the guaranteed death benefit automatically provided by the Contract for no additional fee described in section 10.
Valid Claim
– the
            documents we require to be received in Good Order at our Service Center before we pay any death claim. This includes the death benefit payment option, due proof of death, and any required governmental forms. Due proof of death includes a
            certified copy of the death certificate, a decree of court of competent jurisdiction as to the finding of death, or any other proof satisfactory to us.
Variable Account Value
– on any Business Day it is equal to the portion of your Contract Value in your selected Variable Options. The Variable Account Value increases and decreases based on your selected Variable Options' performance and
            reflects deduction of the Variable Option operating expenses, and previous deductions we made for Contract fees and expenses.
Variable Options
–
            the variable investments available to you under the Contract. Variable Option performance is based on the securities in which they invest.
Withdrawal Charge Basis
– the total amount under your Contract that is subject to a withdrawal charge as discussed in section 6, Expenses – Withdrawal Charge.
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Important Information You Should Consider About the
          Contract
FEES AND EXPENSES
Prospectus
Location
Charges
for Early
Withdrawals
If you withdraw money from the Contract within 6 years of your last Purchase Payment, you may be assessed a withdrawal charge of
                  up to 8.5% of the Purchase Payment withdrawn, declining to 0% over that time period. For example, if you invest $100,000 in the Contract and make an early withdrawal, you could pay a withdrawal charge of up to $8,500.
In addition, if you take a full or partial withdrawal (including financial adviser fees that you choose to have us pay from this Contract) from an Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Option
                  on a date other than the Term End Date, a Daily Adjustment will apply to the Index Option Value available for withdrawal. The Daily Adjustment also applies if before the Term End Date you execute a Performance Lock, annuitize the
                  Contract, we pay a death benefit, or we deduct Contract fees and expenses. The Daily Adjustment may be negative, and you will lose money if the Daily Adjustment is negative.
•
Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy
. Daily Adjustments under these Crediting Methods may be positive, negative, or equal to zero. A negative Daily
                  Adjustment will result in loss. In extreme circumstances, a negative Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, as applicable, but it cannot result in a total loss of -100%.
•
Index Protection Strategy
. This Crediting Method is not subject to the Daily Adjustment.
Fee Tables
4. Valuing Your
Contract – Daily
Adjustment
6. Expenses –
Withdrawal
Charge
Appendix B – Daily
Adjustment
Transaction
Charges
In addition to withdrawal charges, and Daily Adjustments that may apply to withdrawals and other transactions from the Index
                  Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options, we will also charge you a fee of $25 per transfer after you exceed 12 transfers between Variable Options (the variable investments available to you)
                  in a Contract Year.
Fee Tables
6. Expenses –
Transfer Fee
Ongoing
Fees and
Expenses
(annual charges)
The table below describes the fees and expenses that you may pay
each year
, depending on
                  the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay
each year
based on the options you have elected. These ongoing fees
                  and expenses do not reflect any financial adviser fees paid to a Financial Professional from your Contract Value or other assets of the Owner. If such charges were reflected, these ongoing fees and expenses would be higher.
Fee Tables
6. Expenses
Appendix H – Variable
Options
Under the
Contract
Annual Fee
Minimum
Maximum
Base Contract
(1)
1.26%
1.26%
Investment Options
(2)
(Variable Option fees and expenses)
0.65%
0.71%
Optional Benefits Available for an Additional Charge
(3)
(for a single optional benefit, if elected)
0.20%
0.20%
(1)
As a percentage of each Variable Option's
                    net asset value, plus an amount attributable to the contract maintenance charge.
(2)
As a percentage of the Variable Option's
                    average daily net assets.
(3)
As a percentage of the Charge Base. This is the current charge for the Maximum Anniversary Value Death Benefit.
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FEES AND EXPENSES
Prospectus
Location
Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of
                  owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract,
which
                    if taken from the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options could result in substantial losses due to the application of negative Daily Adjustments
.
Lowest Annual Cost:
$808
Highest Annual Cost:
$1,129
Assumes:
• Investment of $100,000
• Least expensive Variable Option fees and expenses
• 5% annual appreciation
• Traditional Death Benefit
• No additional Purchase Payments, transfers, or withdrawals
• No financial adviser fees
Assumes:
• Investment of $100,000
• Most expensive Variable Option fees and expenses
• 5% annual appreciation
• Maximum Anniversary Value Death Benefit with a 0.20% rider fee
• No additional Purchase Payments, transfers, or withdrawals
• No financial adviser fees
RISKS
Risk of
Loss
You can lose money by investing in the Contract, including loss of principal and previous earnings.
Risk Factors
Not a
Short-Term
Investment
• This Contract is not a short-term investment and is not appropriate if you need ready access to cash.•
                  Considering the benefits of tax deferral and long-term income, the Contract is generally more beneficial to investors with a long investment time horizon.• If within six years after we receive a Purchase Payment you take a full or partial
                  withdrawal (including financial adviser fees that you choose to have us pay from this Contract), withdrawal charges may apply. A withdrawal charge may reduce your Contract Value or the amount of money that you actually receive.
                  Withdrawals may reduce or end Contract guarantees.• Withdrawals may be subject to income taxes, including a 10% additional federal tax that may apply to withdrawals taken before age 59
1
⁄
2
.• Amounts invested in an Index Option must be held in the Index Option for the full Term before they can receive
                  a Credit. For Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy Index Options, we apply a Daily Adjustment if before the Term End Date you take a full or partial withdrawal (including financial adviser fees
                  that you choose to have us pay from this Contract), annuitize the Contract, execute a Performance Lock, we pay a death benefit, or we deduct Contract fees and expenses. The Daily Adjustment takes into account any Index gains subject to
                  the applicable Precision Rate or Cap, or either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, but in the form of the estimated present value. Therefore, the Daily Adjustment could result in a loss
                  beyond the protection of the Buffer or Floor. In extreme circumstances, a negative Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, as applicable, but it cannot result in a total loss of
                  -100%. Any losses as a result of a Daily Adjustment will be greater if the amount withdrawn is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses. The Daily Adjustment does not apply to the Index
                  Protection Strategy.
Risk Factors
Summary of the
Index Options
4. Valuing Your
Contract
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Table of Contents
RISKS
Prospectus
Location
Risks
Associated
with
Investment
Options
• An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance
                  of the Variable Options and the Index Options available under the Contract.• Each Variable Option and Index Option has its own unique risks.• You should review each Variable Option's prospectus and disclosures, including risk factors, for
                  each Index Option before making an investment decision.
Risk Factors
Insurance
Company
Risks
An investment in the Contract is subject to the risks related to us. All obligations, guarantees or benefits of the Contract are
                  the obligations of Allianz Life and are subject to our claims-paying ability and financial strength. More information about Allianz Life, including our financial strength ratings, is available upon request by visiting
allianzlife.com/about/financial-ratings
, or contacting us at (800) 624-0197.
Risk Factors
RESTRICTIONS
Investments
• Certain Index Options may not be available under your Contract.• The first 12 transfers between Variable Options every Contract
                  Year are free. After that, we deduct a $25 transfer fee for each additional transfer. Your transfers between the Variable Options are also subject to policies designed to deter excessively frequent transfers and market timing.• We only
                  allow assets to move into the Index Options on the Index Effective Date and on subsequent Index Anniversaries. We hold Purchase Payments in the AZL Government Money Market Fund until we transfer them to your selected Index Options
                  according to your Purchase Payment default instructions. On the Index Effective Date we rebalance or reallocate your total Contract Value among all of your selected Allocation Options according to your Purchase Payment default
                  instructions. For additional Purchase Payments we receive
after
the Index Effective Date, we transfer the amounts held in the AZL Government Money Market Fund to your selected
                  Index Options on the next Index Anniversary. Therefore, additional Purchase Payments we receive after the Index Effective Date that you allocate to a 1-year Term Index Option are not eligible to receive a Credit until the second Index
                  Anniversary after we receive them, or the fourth Index Anniversary after we receive them for allocations to a 3-year Term Index Option.• For a 1-year Term Index Option, you can transfer Index Option Value only on the Term End Date.• For a
                  3-year Term Index Option, you can transfer Index Option Value only (a) on the Term End Date, or (b) before the Term End Date by executing a Performance Lock on or before the second Index Anniversary of a 3-year Term.• We do not allow
                  assets to move into an established Index Option until the Term End Date. If you request to transfer into an established Index Option on an Index Anniversary that is not a Term End Date, we will transfer those assets into the same Index
                  Option with a new Term Start Date.• The Traditional Death Benefit may not be modified, but it will terminate if you take withdrawals that reduce both the Contract Value and Guaranteed Death Benefit Value to zero. Withdrawals may reduce
                  the Traditional Death Benefit's Guaranteed Death Benefit Value by more than the value withdrawn and could end the Traditional Death Benefit.• We reserve the right to close or substitute the Variable Options, and to limit the amount of
                  Purchase Payments that can be held in a Variable Option. We also reserve the right to substitute Indexes.
Summary of the Index Options
5. Variable Options
6. Expenses – Transfer Fee
Appendix A – Available Indexes
Optional
Benefits
• The optional Maximum Anniversary Value Death Benefit may not be modified. Withdrawals may reduce the Maximum
                  Anniversary Value Death Benefit's Guaranteed Death Benefit Value by more than the value withdrawn and will end the Maximum Anniversary Value Death Benefit if the withdrawals reduce both the Contract Value and Guaranteed Death Benefit
                  Value to zero.
10. Death Benefit
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TAXES
Prospectus
Location
Tax
Implications
• Consult with a tax professional to determine the tax implications of an investment in and withdrawals from or payments received
                  under the Contract.• If you purchased the Contract through a tax-qualified plan or individual retirement account (IRA), you do not get any additional tax benefit under the Contract.• Earnings under the Contract may be taxed at ordinary
                  income rates when withdrawn, and you may have to pay a 10% additional federal tax if you take a full or partial withdrawal before age 59
1
⁄
2
.
11. Taxes
CONFLICTS OF INTEREST
Investment
Professional
Compensation
Your Financial Professional may receive compensation for selling this Contract to you, in the form of commissions, additional
                  cash benefits (e.g., cash bonuses), and non-cash compensation. We and/or our wholly owned subsidiary distributor may also make marketing support payments to certain selling firms for marketing services and costs associated with Contract
                  sales. This conflict of interest may influence your Financial Professional to recommend this Contract over another investment for which the Financial Professional is not compensated or compensated less.
12. Other
Information –
Distribution
Exchanges
Some Financial Professionals may have a financial incentive to offer you a new contract in place of the one you
                  already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, that it is better for you to purchase the new contract rather than continue to own your existing
                  contract.
12. Other
Information –
Distribution
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Table of Contents
Overview of the Contract
What Is the Purpose of the Contract?
The Index Advantage NF
®
is a product that offers index-linked investment options
(Index Options)
and variable investment options
(Variable Options)
and allows you to defer taking regular fixed periodic payments
(Annuity Payments)
to a future date. Under the Contract, you make one or more payments to
          us
(Purchase Payments)
. Purchase Payments you allocate to the Index Options are first invested for a limited time in the AZL Government Money Market Fund and then transferred to the Index Option(s) that you
          select for investment. Depending on several factors (e.g., Allocation Options you select, market conditions, and timing of any withdrawals), your Contract can gain or lose value. When you are ready to receive a guaranteed stream of income under
          your Contract, you can annuitize your accumulated assets and begin receiving Annuity Payments from us based on the payout option you select
(Annuity Options)
. The Contract includes for no additional charge
          a standard death benefit (the Traditional Death Benefit), or for an additional rider fee you may select the optional death benefit (the Maximum Anniversary Value Death Benefit) to replace the standard death benefit. Both death benefits help to
          financially protect your beneficiaries.
We designed the Contract for people who are looking
          for a death benefit for a period of time, and a level of protection for your principal investment while providing potentially higher returns than are available on traditional fixed annuities. In addition, you should have a long investment time
          horizon and your financial goals should be otherwise consistent with the terms and conditions of the Contract. This Contract is not intended for someone who is seeking complete protection from downside risk, seeking unlimited investment
          potential, or expecting to take withdrawals that will be subject to withdrawal charges or Daily Adjustments (i.e., a person that does not need access to Contract Value within six years after we receive a Purchase Payment, or before an Index
          Option's Term End Date).
We offer other annuity contracts that may address
          your investment and retirement needs. These contracts include variable annuities, registered index-linked annuities and fixed index annuities. These annuity products offer different features and benefits that may be more appropriate for your
          needs, including allocation options, fees and/or expenses that are different from those in the Contract offered by this prospectus. Not every contract is offered through every Financial Professional. Some Financial Professionals or selling firms
          may not offer and/or limit offering of certain features and benefits, as well as limit the availability of the contracts based on criteria established by the Financial Professional or selling firm. For more information about other annuity
          contracts, please contact your Financial Professional.
The product or certain product features may not
          currently be available in all states or to all Contracts, or may vary in your state (such as the free look). For more information see Appendix G - Material Contract Variations by State and Issue Date. Availability of Index Options may vary by
          financial intermediary. You can obtain information on which Index Options are available to you by calling (800) 624-0197, or from your Financial Professional.
What Are the Phases of the Contract?
The Contract has two phases: (1) an Accumulation
          Phase, and (2) an Annuity Phase.
•
Accumulation Phase.
This is the first phase of your Contract, and it begins on the Issue Date. During the Accumulation Phase, your money is invested under the Contract on
                    a tax-deferred basis. Tax deferral may not be available for certain non-individually owned contracts. Tax deferral means you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your
                    Contract. In addition, during this phase, you can make additional Purchase Payments, you can take withdrawals, and if you die we pay a death benefit to your named Beneficiary(s).
Your Contract Value may fluctuate up or down during the Accumulation Phase based on the performance of your selected Allocation Options.
–
Index Options.
You may allocate your Purchase Payments to any or all of the Index Options available under your Contract. There are currently 22 Index Options based on different combinations
                    of four credit calculation methods
(Crediting Methods)
, four nationally recognized third-party broad based equity securities indexes and an exchange-traded fund
(Indexes)
, and two time periods for measuring Index performance
(Term)
. Each Index Option is the combination of an Index, a Crediting Method, and a Term.
The available Crediting Methods, Indexes, and Terms are included on the cover page of this prospectus. Please see "Summary of the Index Options" for an overview of how the Index Options work. More
                  detailed information about the Index Options is included in section
4, Valuing Your Contract.
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®
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–
Variable Options.
You can allocate your Purchase Payments to any or all of the Variable Options available under your Contract. We only allow assets to move into the Index Options on the
                    Index Effective Date and on subsequent Index Anniversaries. As a result, we hold Purchase Payments you allocate to the Index Options in the AZL Government Money Market Fund until we transfer them to the Index Options in accordance with
                    your instructions. The Variable Options are underlying mutual funds with their own investment objectives, strategies, and risks.
Please see Appendix H for more information about the Variable Options.
•
Annuity Phase.
If you request Annuity Payments, the Accumulation Phase ends and the
Annuity Phase
begins. Annuity Payments are fixed payments we make based on the Annuity Option you select and your Contract Value (which reflects any previously deducted Contract fees and expenses) less
                    final rider fee (if applicable). Annuity Payments can provide a guaranteed lifetime fixed income stream with certain tax advantages. We designed the Annuity Payments for Owners who no longer need immediate access to Contract Value to
                    meet their short-term income needs.
During the Annuity Phase, you will receive a stream of regular income in the form of Annuity Payments. You will be unable to take withdrawals upon demand, your selected death benefit ends, and no amounts
                  will be payable upon death during the Annuity Phase unless your Annuity Option provides otherwise.
What Are the Contract's Primary Features?
•
Accessing Your Money.
During the Accumulation Phase, you can surrender (take a full withdrawal) the Contract or take partial withdrawals. Withdrawals may be subject to a
                    withdrawal charge, negative Daily Adjustments, and income taxes, including a 10% additional federal tax if taken before age 59
1
⁄
2
.
•
Additional Purchase Payments.
Subject to the limitations described in this prospectus, we continue to accept additional Purchase Payments under the Contracts during the
                    Accumulation Phase. However, we may terminate your ability to make additional Purchase Payments in the future. We only allow additional Purchase Payments to move into Index Options on Index Anniversaries. As a result, we hold Purchase
                    Payments we receive on days other than an Index Anniversary in the AZL Government Money Market Fund and such Purchase Payments are not available to receive Credits until we transfer them to your selected Index Options. We do not allow
                    assets to move into an established Index Option until the Term End Date. If you request to allocate a Purchase Payment into an established Index Option on an Index Anniversary that is not a Term End Date, we will allocate those assets
                    to the same Index Option with a new Term Start Date.
•
Death Benefits.
The Contract's death benefit is paid upon the first death of any Determining Life during the Accumulation Phase. The Contract includes for no additional
                    charge a standard death benefit
(the Traditional Death Benefit)
. At the time of purchase, you may select the optional death benefit
(the Maximum Anniversary Value Death Benefit)
to replace the standard death benefit for an additional rider fee. Either death benefit is the greater
                    of Contract Value, or the Guaranteed Death Benefit Value. Unlike the Traditional Death Benefit, however, the Maximum Anniversary Value Death Benefit locks in any annual investment gains as part of the Guaranteed Death Benefit Value to
                    potentially provide a death benefit greater than the Traditional Death Benefit (which is based on Purchase Payments). The Maximum Anniversary Value Death Benefit cannot be less than the Traditional Death Benefit, but they can be equal.
•
Withdrawal Charge Waivers.
Under the free withdrawal privilege, you may withdraw up to 10% of your total Purchase Payments each Contract Year during the Accumulation Phase
                    without incurring a withdrawal charge. Upon a full withdrawal, the free withdrawal privilege is not available to you. We do not apply a withdrawal charge to deductions we make for Contract fees or expenses. In most states, the waiver of
                    withdrawal charge benefit allows you to take a withdrawal without incurring a withdrawal charge if you are confined to a nursing home for a period of at least 90 consecutive days. Also, if you own an Individual Retirement Annuity (IRA)
                    or Simplified Employee Pension (SEP) IRA Contract, payments you take under our minimum distribution program (RMD payments) are not subject to a withdrawal charge.
•
Deduction of Financial Adviser Fees.
If you have a financial adviser and want to pay their financial adviser fees from this Contract, you can instruct
                    us to withdraw the fee from your Contract and pay it to your Financial Professional or Financial Professional's firm as instructed. The deduction of financial adviser fees is in addition to this Contract's fees and expenses, and the
                    deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be subject to withdrawal charges, will reduce the Contract Value and Guaranteed Death Benefit Value
                    (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59
1
⁄
2
).
Please consult with your Financial Professional before requesting us to pay financial
                  adviser fees from this Contract compared to other assets you may have.
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®
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Table of Contents
Summary of the Index Options
How Do the Crediting Methods Work?
All Crediting Methods provide a Credit on the Term
          End Date based on Index Values and Index Returns. The
Index Value
is the Index's price at the end of the Business Day on the Term Start Date and Term End Date, which we use to calculate the Index Return. A
Business Day
is each day the New York Stock Exchange is open for trading and it ends when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. All of the
          Crediting Methods offer 1-year Term Index Options, but only the Index Performance Strategy also offers 3-year Term Index Options.
The
Index
            Protection Strategy
provides a Credit equal to the DPSC if the Index Value on the Term End Date is equal to or greater than the Index Value on the Term Start Date, regardless of the amount of actual Index Return. If the current Index
          Value is less than it was on the Term Start Date, the Credit is zero.
The
Index
            Precision Strategy
provides a Performance Credit.
•
If the Index Value on the Term End Date is equal to or greater than the Index Value on the Term Start Date, regardless of the amount of actual Index Return, the Performance Credit is equal to the Precision Rate.
•
If the Index Return is negative and the loss is:
–
less than or equal to the 10% Buffer, the Performance Credit is zero. We absorb any loss up to the 10% Buffer.
–
greater than the 10% Buffer, the negative Performance Credit is equal to the negative Index Return in excess of the 10% Buffer. You participate in any losses beyond the 10% Buffer.
The
Index Guard
            Strategy
also provides a Performance Credit.
•
If the Index Return is positive, the Performance Credit is equal to the Index Return up to the Cap.
•
If the Index Value on the Term End Date is equal to the Index Value on the Term Start Date, the Performance Credit is zero.
•
If the Index Return is negative, the negative Performance Credit is equal to the negative Index Return down to the -10% Floor. You participate in any losses down to the -10% Floor. We absorb any negative
                  Index Return beyond the -10% Floor.
The
Index
            Performance Strategy
also provides a Performance Credit.
•
If the Index Return is positive, the Performance Credit is equal to:
–
the Index Return up to the Cap for a 1-year Term.
–
the Index Return up to the Cap for a 3-year Term. If a 3-year Term is uncapped, the Performance Credit is equal the Index Return. We apply the Cap for the entire Term length; we do not apply the Cap
                  annually on a 3-year Term.
•
If the Index Value on the Term End Date is equal to the Index Value on the Term Start Date, the Performance Credit is zero.
•
If the Index Return is negative and the loss is:
–
less than or equal to the 10% Buffer, the Performance Credit is zero. We absorb any loss up to the 10% Buffer. We apply the Buffer for the entire Term length; we do
not
apply the Buffer annually on a 3-year Term Index Option.
–
greater than the 10% Buffer, the negative Performance Credit is equal to the negative Index Return in excess of the 10% Buffer. You participate in any losses beyond the 10% Buffer.
A more detailed description of how we calculate
          Credits, including numerical examples, is included in section 4, Valuing Your Contract – Calculating Credits.
•
The
                    Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy allow negative Performance Credits.
A negative Performance Credit means you can lose principal and
                    previous earnings. These losses could be significant.
•
Because
                    we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the Index you selected for a given Crediting Method experienced gains through some, or most, of the Term.
•
If a 3-year Term Index Option is "uncapped" for one Term (i.e., we do not declare a Cap for that Term) it does not mean that we will not declare a Cap for it on future Term Start Dates.
On the
                  next Term Start Date we can declare a Cap for the next Term, or declare it to be uncapped.
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®
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How Do the Crediting Methods Compare?
The Crediting Methods have different risk and
          return potentials.
What is the asset protection?
Index Protection Strategy
• Most protection.
• If the Index loses value, the Credit is zero. You do not receive a negative Credit.
Index Precision Strategy
• Less protection than the Index Protection Strategy and Index Guard Strategy. Protection is the same as what is available with
                  the Index Performance Strategy.
• Buffer absorbs 10% of loss, but you receive a negative Performance Credit for losses greater than 10%.
• Potential for large losses in any Term.
• More sensitive to large negative market movements because small negative market movements are absorbed by the 10% Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Precision Strategy
                  than with the Index Guard Strategy.
Index Guard Strategy
• Less protection than the Index Protection Strategy, but more than Index Precision Strategy and Index Performance Strategy.
• Permits a negative Performance Credit down to the -10% Floor.
• Protection from significant losses.
• More sensitive to smaller negative market movements that persist over time because the -10% Floor reduces the impact of large negative market movements.
• In an extended period of smaller negative market returns, the risk of loss is greater with the Index Guard Strategy than with the Index Performance Strategy and Index Precision Strategy.
• Provides certainty regarding the maximum loss in any Term.
Index Performance Strategy
• Less protection than the Index Protection Strategy and Index Guard Strategy. Protection is the same as what
                  is available with the Index Precision Strategy.
• Buffer absorbs 10% of loss, but you receive a negative Performance Credit for losses greater than the Buffer.
• Potential for large losses in any Term.
• More sensitive to large negative market movements because small negative market movements are absorbed by the Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Performance Strategy
                  than with the Index Guard Strategy.
• In extended periods of moderate to large negative market performance, 3-year Terms may provide less protection than the 1-year Terms because, in part, the Buffer is applied over a longer period of time.
What is the growth opportunity?
Index Protection Strategy
• Growth opportunity limited by the DPSCs.
• Least growth opportunity.
• May perform best in periods of small positive market movements.
• DPSCs will generally be less than the Precision Rates and Caps.
Index Precision Strategy
• Growth opportunity limited by the Precision Rates.
• May perform best in periods of small positive market movements.
• Generally more growth opportunity than the Index Protection Strategy, but less than the Index Performance Strategy.
• Growth opportunity may be more or less than the Index Guard Strategy depending on Precision Rates and Caps.
Index Guard Strategy
• Growth opportunity limited by the Caps.
• May perform best in a strong market.
• Growth opportunity that generally may be matched or exceeded only by the Index Performance Strategy. However, growth opportunity may be more or less than the Index Precision Strategy or Index Performance Strategy depending on Precision
                  Rates and Caps.
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®
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What is the growth opportunity?
Index Performance Strategy
• Growth opportunity limited by the Caps.
If we do not
                    declare a Cap for a 3-year Term Index Option there is no maximum limit on the positive Index Return for that Index Option.
• May perform best in a strong market.
• Generally the most growth opportunity. However, growth opportunity may be less than the Index Precision Strategy or Index Guard Strategy depending on Precision Rates and Caps.
What can change within a Crediting Method?
Index Protection Strategy
• Renewal DPSCs for existing Contracts can change on each Term Start Date.
• DPSCs are subject to a 0.10% minimum.
Index Precision Strategy
• Renewal Precision Rates for existing Contracts can change on each Term Start Date.
• The 10% Buffers for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer for it on the date we add the Index Option to your Contract.
• Precision Rates are subject to a 0.10% minimum.
Index Guard Strategy
• Renewal Caps for existing Contracts can change on each Term Start Date.
• The -10% Floors for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Floor for it on the date we add the Index Option to your Contract.
• Caps are subject to a 0.10% minimum.
Index Performance Strategy
• Renewal Caps for existing Contracts can change on each Term Start Date.
• The 10% Buffers for the currently available Index Options cannot change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer for it on the date we add the Index Option to your Contract.
• Caps are subject to a 0.10% minimum for 1-year Terms, or 2% for 3-year Terms.
•
For any Index Option with the
Index Precision Strategy or Index Performance Strategy,
you participate in
                    any negative Index Return in excess of the Buffer
, which reduces your Contract Value. For example, for a 10% Buffer we absorb the first -10% of Index Return and you could lose up to 90% of the Index Option Value. However, for any
                  Index Option with the
Index Guard Strategy
,
we absorb any negative Index Return in excess of the -10% Floor, so your maximum loss is limited to
                    -10% of the Index Option Value due to negative Index Returns.
• DPSCs, Precision Rates, and Caps as set by us from time-to-time may vary substantially based on market conditions.
However, in extreme market environments, it is possible that all
                    DPSCs, Precision Rates, and Caps will be reduced to their respective minimums of 0.10%, or 2% as stated in the table above.
•
DPSCs, Precision Rates, and Caps can be different from Index Option to Index Option.
For example, Caps for the Index Performance Strategy 1-year
                  Terms can be different between the S&P 500
®
Index and the Nasdaq-100
®
Index; and Caps for
                  the S&P 500
®
Index can be different between 1-year and 3-year Terms on the Index Performance Strategy, and between the 1-year Terms for the Index Guard Strategy
                  and Index Performance Strategy.
They may also be different from Contract-to-Contract depending on the Index Effective Date and the state of issuance.
Bar Chart Examples of the Crediting Methods Performance
The following hypothetical examples show
          conceptually how the Crediting Methods might work in different market environments and assume no change in the hypothetical DPSCs, Precision Rates, or Caps. All values below are for illustrative purposes only. The examples do not reflect any
          DPSCs, Precision Rates, or Caps that may actually apply to a Contract. The examples do not predict or project the actual performance of the Index Advantage NF
®
. Although an
          Index or Indexes will affect your Index Option Values, the Index Options do not directly participate in any stock or equity investment and are not a direct investment in an Index. The Index Values do not include the dividends paid on the stocks
          comprising an Index. An allocation to an Index Option is not a purchase of shares of any stock or index fund. These examples do not reflect any withdrawals taken before the Term End Date (including any financial adviser fees that you choose to
          have us pay from this Contract), or deductions we make for Contract fees and expenses. Historical Index Option performance information is also included in Appendix D.
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®
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®
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®
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Can the Crediting Methods, Terms, or Indexes Change?
We can add new Crediting Methods, Terms, and
          Indexes to your Contract in the future, and you can allocate Purchase Payments or transfer Contract Value to them on the next Index Anniversary after we make them available to you. Once we add a Crediting Method to your Contract we cannot remove
          it, or change how it calculates Credits. If we add a new Index Option to your Contract, we cannot change its Buffer or Floor after it is established. However, we can change the renewal DPSCs, Precision Rates, or Caps associated with any Index
          Option on each Term Start Date.
Once we add an Index to your Contract, we cannot
          remove it without simultaneously replacing or substituting it. Index replacements and substitutions can occur either on a Term Start Date, Term End Date, or during a Term. If we substitute an Index during a Term, we will combine the return of the
          previously available substituted Index with the return of the new Index. However, if we substitute an Index, we do
not
change the Buffers or Floors applicable to your Contract, or
          the current DPSCs, Precision Rates, or Caps that we set on the Term State Date. Any changes to the DPSCs, Precision Rates, or Caps for the new substituted Index will occur at the next regularly scheduled Term Start Date. For more information, see
          Risk Factors – Substitution of an Index.
Historical information on the DPSCs, Precision Rates, and Caps is provided in Appendix C.
This information is for
                    historical purposes only and is not a representation as to future DPSCs, Precision Rates, and Caps.
When Does Allianz Establish the Values Used to
          Determine Index Credits?
The 10% Buffers and -10% Floors for the currently
          available Index Options do not change. However, if we add a new Index Option to your Contract after the Issue Date, we establish the Buffer or Floor for it on the date we add the Index Option to your Contract.
We establish the initial DPSCs, Precision Rates,
          and Caps for a newly issued Contract on the Index Effective Date and they cannot change until the next Term Start Date. You select the Index Effective Date when you purchase your Contract. It can be any Business Day from the Issue Date up to and
          including the first Quarterly Contract Anniversary, but it cannot be the 29th, 30th or 31st of a month.
You should be aware that, generally, DPSCs, Precision Rates, and Caps could change every seven calendar days.
            However, these rates are guaranteed to be available during the period stated on our
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®
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website at
allianzlife.com/indexratesnf
and cannot be superseded until that period ends. Therefore, if you select an Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision Rates, and Caps may change
          and be less advantageous to you. Furthermore, if the Index Effective Date is after the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance charge if you then elect to cancel
          the Contract after the free look period. You may review future rates at least seven calendar days before their effectiveness at
allianzlife.com/indexratesnf
. You (or your Financial
          Professional, if authorized) can change your Index Effective Date at any time before it occurs to be an earlier or later date by submitting a request.
We can change the renewal DPSCs, Precision Rates,
          and Caps for an existing Contract on each new Term Start Date, in our discretion. Your initial and renewal DPSCs, Precision Rates, and Caps are stated in your
Index Options Statement
, which is the account
          statement we mail to you on the Index Effective Date and each Index Anniversary. The Index Options Statement also includes the Index Values on the Term Start Date and Term End Date. We use these Index Values to determine Index Returns and
          Credits.
For information on the initial DPSCs, Precision
          Rates, and Caps we currently offer for newly issued Contracts, see our website at
allianzlife.com/indexratesnf
.
We publish any changes to these values
            at least seven calendar days before the Index Effective Date that they take effect. If you select the earliest Index Effective Date or an Index Effective Date that is within the guaranteed period applicable to the initial rates in effect on the
            Issue Date, the initial rates available for review on your Issue Date will be the rates on your Index Effective Date. However, if you choose to defer your Index Effective Date your initial rates may change from the values that were available on
            your Issue Date. You are responsible for reviewing the initial rates before your Index Effective Date to ensure your allocations and the product still meet your needs.
We will send you a letter at least 30 days before
          each Index Anniversary. This letter advises you that current DPSCs, Precision Rates, and Caps are expiring, and that
renewal rates for the next Term Start Date will be available for your review in your account on
            our website at least seven calendar days before they take effect on the upcoming Index Anniversary
. Renewal rates are also available on our website at
allianzlife.com/indexratesnf
.
          The Index Anniversary letter also reminds you of your opportunity to transfer Variable Account Value to the Index Options, or reallocate your Index Option Values on the upcoming Term End Date.
•  If your Contract is within its free
                  look period you may be able to take advantage of any increase in initial DPSCs, Precision Rates, or Caps by cancelling your Contract and purchasing a new Contract.
•  If the initial DPSCs, Precision
                  Rates, or Caps available on the Index Effective Date are not acceptable you can:
–  cancel your Contract if you are still within the free look period,
–  request to extend your Index Effective Date if you have not reached your first Quarterly Contract Anniversary,
–  on or before the Index Effective Date, cancel the Contract and request a full withdrawal of the money held in the AZL Government Money Market Fund and receive the Contract Value less
                  withdrawal charge, and final rider fee and contract maintenance charge; on or before the Index Effective Date you are
not
subject to the Daily Adjustment,
but you are subject to a withdrawal charge
, or
–  after the Index Effective Date, cancel the Contract and request a full withdrawal of the Contract Value less withdrawal charge, and final rider fee and contract maintenance charge;
after the Index Effective Date, you will be subject to a withdrawal charge and the Daily Adjustment
.
•  DPSCs, Precision Rates, and Caps
                  may be different between newly issued and existing Contracts, and between existing Contracts issued on the same month and day in different years. For example, assume that on May 3, 2019 we set Caps for the Index Performance Strategy
                  1-year Term with the S&P 500
®
Index as follows:
–  13% initial rate for new Contracts issued in 2019,
–  14% renewal rate for existing Contracts issued in 2018, and
–  12% renewal rate for existing Contracts issued in 2017.
What Are the Different Values Within the Contract?
The Contract provides the following values as
          discussed in section 4, Valuing Your Contract.
•
The Contract Value is the sum of your Variable Account Value and Index Option Values. Contract Value reflects any previously deducted Contract fees and expenses, but does not reflect Contract fees and expenses that we would
                  apply on liquidation. The cash surrender value reflects all Contract fees and expenses we would apply on liquidation.
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®
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•
Your Variable Account Value is the sum of the values in your selected Variable Options. It reflects deduction of Variable Option operating expenses, m&e charge, any previously assessed transfer fee, contract maintenance
                  charge, rider fee, and any withdrawal charge. It changes each Business Day based on the performance of the Variable Options.
•
Your total Index Option Value is the sum of the values in each of your selected Index Options. Each Index Option Value includes any Credits from previous Term End Dates, reduced proportionately for
                  previous partial withdrawals you took and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charges), and previous deductions we made for Contract fees and expenses. Amounts removed
                  from the Index Options during the Term for withdrawals you take and deductions we make for fees and expenses
do not
receive a Credit on the Term End Date, but the amount
                  remaining does receive a Credit subject to the applicable Buffer, Floor, DPSC, Precision Rate, or Cap.
–
On each Business Day during the Term other than the Term Start Date or Term End Date, we calculate the current Index Option Valuefor each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index
                  Performance Strategy by adding a Daily Adjustment to the Index Option Base. The
Index Option Base
is the amount you allocate to an Index Option. We reduce the Index Option Base proportionately for
                  withdrawals you take and any financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charges), and deductions we make for Contract fees and expenses; we increase/decrease it by the dollar amount
                  of additional Purchase Payments allocated to, transfers into or out of the Index Option; and any Credit.
–
During the Term the Index Option Values for Index Options with the Index Protection Strategy do not change for Index performance, and do not receive the Daily Adjustment.
What Is the Daily Adjustment?
The Daily Adjustment is how we calculate Index
          Option Values on Business Days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy.
The
            Index Options with the Index Protection Strategy and the Variable Options are not subject to the Daily Adjustment.
The Daily Adjustment can affect the amounts
          available for withdrawal, Performance Locks, annuitization, payment of the death benefit, and the Contract Value used to determine the Charge Base and contract maintenance charge. The Daily Adjustment can be positive or negative. When the Daily
          Adjustment is positive, your Index Option Value has increased since the Term Start Date. When it is negative, your Index Option Value has decreased (excluding the effect of the deduction of Contract expenses or any partial withdrawal).
We calculate the Daily Adjustment for a given
          Business Day before we deduct any Contract fees or expenses or process any partial withdrawal on that Business Day, including Penalty-Free Withdrawals, and any financial adviser fees that you choose to have us pay from this Contract. However, the
          Daily Adjustment calculation is not affected by any Contract fee or expense deduction, or partial withdrawal. The Daily Adjustment does not change the Contract fee or expense deducted, or the withdrawal amount; it only changes the Index Option
          Value from which we deduct the Contract fee or expense, or withdrawal.
The Daily Adjustment approximates the Index Option
          Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date. The Daily Adjustment takes into account:
(i)
any Index gains during the Term subject to the applicable Precision Rate or Cap,
(ii)
either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, and
(iii)
the number of days until the Term End Date.
The Daily Adjustment does this by using the
          hypothetical value of a Proxy Investment
(Proxy Value)
each Business Day, other than the Term Start Date or Term End Date, based on the formulas described in Appendix B. The
Proxy
            Investment
provides a current estimated present value of what the Performance Credit will be on the Term End Date taking into account the applicable Buffer, Floor, Precision Rate, and/or Cap. The Daily Adjustment is not the actual Index
          return on the day of the calculation, and the estimated present value Performance Credit is not guaranteed. Therefore, the Daily Adjustment could result in a loss beyond the protection of the Buffer or Floor.
In
            extreme circumstances the Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor, but it cannot result in a total loss of -100%.
Such losses will
            be greater if the amount withdrawn (including any financial adviser fees that you choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.
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Table of Contents
A withdrawal taken during the Term may not receive
          the full benefit of the Buffer or Floor because the Daily Adjustment takes into account what may potentially happen between the withdrawal date and the Term End Date. All other factors being equal, even if the current Index return during the Term
          is greater than the Precision Rate or Cap, the Daily Adjustment will usually be lower than the Precision Rate or Cap. This is because there is a possibility that the Index return could decrease before the Term End Date. Similarly, even though a
          negative Index return may be within the 10% Buffer for the Index Precision Strategy and Index Performance Strategy, you still may receive a negative Daily Adjustment because there is a possibility that the Index Return could decrease before the
          Term End Date. The Daily Adjustment for 3-year Term Index Options may be more negatively impacted by changes in the expected volatility of Index prices than 1-year Term Index Options due to the difference in Term length. Also, the risk of a
          negative Daily Adjustment is greater for 3-year Term Index Options than 1-year Term Index Options due to the Term length. Finally, a negative Index return for the Index Guard Strategy may result in you receiving a Daily Adjustment lower than the
          -10% Floor, because the Daily Adjustment reflects the present value of the Floor and you will not receive the full benefit of the -10% Floor until the Term End Date.
A negative Daily Adjustment
            may cause you to realize loss of principal and previous earnings.
The Daily Adjustment's risks are discussed in more
          detail in Risk Factors – Risk of Negative Returns. The specific details of the Daily Adjustment formula are described in Appendix B and in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a
          part. This information is incorporated by reference into this prospectus. You can obtain a copy of Exhibit 99(b) by calling (800) 624-0197, or visiting our website at
allianzlife.com
.
What Is the Performance Lock?
For each Index Option with the Index Precision
          Strategy, Index Guard Strategy, and Index Performance Strategy, you can capture the current Index Option Value (which includes the Daily Adjustment) on any Business Day during the Term through our Performance Lock feature. You (or your Financial
          Professional, if authorized) can request Performance Locks based on the Daily Adjustment. On our website the Daily Adjustment is included in the Index Option Value return figures. Additionally, you can transfer assets out of a locked Index Option
          on the Index Anniversary that occurs on or immediately after the Lock Date. For a 3-year Term Index Option this means you can transfer out of the locked Index Option before the Term End Date by executing a Performance Lock on or before the second
          Index Anniversary of the 3-year Term. The Business Day that we execute a Performance Lock is the
Lock Date
for that Index Option.
We will not provide advice or notify you regarding whether you should exercise a Performance Lock or the optimal time for doing so. We will not warn you if you
                  exercise a Performance Lock at a sub-optimal time. We are not responsible for any losses related to your decision whether or not to exercise a Performance Lock.
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Fee Tables
The following tables describe the fees and expenses
          that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have
          elected. These tables do not reflect any financial adviser fees that you pay from your other assets, or that you choose to have us pay from this Contract. If financial adviser fees were reflected, fees and expenses would be higher.
The first table describes the fees and expenses that
          you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract, or transfer Contract Value between investment options. State premium taxes may also be deducted.
Transaction Expenses
Withdrawal Charge During Your Contract's First Phase,
          the Accumulation Phase
(1)
(as a percentage of each Purchase Payment withdrawn)
(2)
Number of Complete
Years Since
Purchase Payment
Withdrawal Charge
Amount
0
8.5%
1
8%
2
7%
3
6%
4
5%
5
4%
6 years or more
0%
Transfer Fee
(3)
$25
(for each transfer between Variable Options after twelve in a Contract Year)
Index Precision Strategy
and
Index Performance Strategy
Index Guard Strategy
Daily Adjustment Maximum Potential Loss
99%
35%
(as a percentage of Index Option Value, applies for distributions from an Index Option before any Term End Date)
(4)
(1)
The Contract provides a free withdrawal privilege that allows you to withdraw 10% of your total Purchase Payments annually without incurring a withdrawal charge, as discussed in section 7, Access to Your Money – Free
                  Withdrawal Privilege.
(2)
The Withdrawal Charge Basis is the total amount under your Contract that is subject to a withdrawal charge, as discussed in section 6, Expenses – Withdrawal Charge.
(3)
We count all transfers made in the same Business Day as one transfer, as discussed in section 6, Expenses – Transfer Fee. The transfer fee does not apply to transfers to or from the Index Options and these transfers do not
                  count against your free transfers. Transfers are subject to the policies discussed in section 5, Variable Options – Excessive Trading and Market Timing.
(4)
This shows the maximum potential loss due to the application of the Daily Adjustment (e.g., maximum loss could occur if there is a total distribution within a Term at a time when the Index price has
                  declined to zero). The Daily Adjustment could result in a loss beyond the protection of the 10% Buffer, or -10% Floor. The Daily Adjustment applies if before the Term End Date you take a full or partial withdrawal (including any financial
                  adviser fees that you choose to have us pay from this Contract), execute a Performance Lock, annuitize the Contract, we pay a death benefit, or when we deduct Contract fees or expenses. The actual Daily Adjustment calculation is
                  determined by a formula described in Appendix B.
The next table describes the fees and expenses that
          you will pay each year during the time that you own the Contract (not including Variable Option fees and expenses). If you purchased the optional Maximum Anniversary Value Death Benefit, you pay additional charges, as shown below.
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Annual Contract Expenses
Administrative Expenses (or contract maintenance charge)
(1)
(per year)
$50
Base Contract Expenses
(2)
(as a percentage of each Variable Option's net asset value)
1.25%
Optional Benefit Expenses – Maximum Anniversary Value Death Benefit
(as a percentage of the Charge Base)
0.20%
(1)
Referred to as the "contract maintenance charge" in the Contract and elsewhere in this prospectus. Waived if the Contract Value is at least $100,000. During the Annuity Phase, we deduct the contract maintenance charge
                  proportionately from each Annuity Payment. See the section 6, Expenses – Contract Maintenance Charge (Administrative Expenses).
(2)
Referred to as the "mortality and expense risk charge" or "M&E charge" in the Contract and elsewhere in this prospectus. See section 6, Expenses – Base Contract Expenses (Mortality and Expense Risk
                  (M&E) Charge).
The next table shows the minimum and maximum total
          operating expenses charged by the Variable Options that you may pay periodically during the time that you own the Contract. A complete list of Variable Options available under the Contract, including their annual expenses, may be found in
          Appendix H – Variable Options Available Under the Contract.
Annual Variable Option Expenses
Minimum
Maximum
(expenses that are deducted from Variable Option assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
0.65%
0.71%
Example
This Example is intended to help you compare the cost
          of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual Variable Option expenses. These costs do not include any financial adviser
          fees that you pay from your other assets, or that you choose to have us pay from this Contract.
The Example assumes that you invest $100,000 in the
          Contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that you elected the Maximum Anniversary Value Death Benefit. Although your actual costs may be higher or lower, based on these
          assumptions, your costs would be:
(1)
If you surrender your Contract (take a full withdrawal) at the end of the applicable time period:
1 Year
3 Years
5 Years
10 Years
Maximum Variable Option expense
$8,577
$9,203
$9,553
$11,286
Minimum Variable Option expense
$8,517
$9,015
$9,228
$10,577
(2)
If you annuitize your Contract at the end of the applicable time period.
1 Year
3 Years
5 Years
10 Years
Maximum Variable Option expense
N/A*
$2,903
$5,053
$11,286
Minimum Variable Option expense
N/A*
$2,715
$4,728
$10,577
*
The earliest available Annuity Date is the second Contract Anniversary.
(3)
If you do not surrender your Contract.
1 Year
3 Years
5 Years
10 Years
Maximum Variable Option expense
$927
$2,903
$5,053
$11,286
Minimum Variable Option expense
$867
$2,715
$4,728
$10,577
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Risk Factors
The Contract involves certain risks that you should
          understand before purchasing. You should carefully consider your income needs and risk tolerance to determine whether the Contract is appropriate for you. The level of risk you bear and your potential investment performance will differ depending
          on the Allocation Options you choose.
Liquidity Risks
We designed the Contract to be a long-term
          investment that you can use to help build and provide income for retirement. The Contract is not suitable for short-term investment.
If you need to take a full or partial withdrawal
          during the withdrawal charge period, or when we deduct any financial adviser fees that you choose to have us pay from this Contract, we deduct a withdrawal charge, including amounts previously withdrawn under the free withdrawal privilege unless
          the withdrawal is a Penalty-Free Withdrawal. While Penalty-Free Withdrawals provide some liquidity, they are permitted in only limited amounts or in special circumstances. If you need to withdraw most or all of your Contract Value in a short
          period, you may exceed the Penalty-Free Withdrawal amounts available to you and incur withdrawal charges. (For more information on the withdrawal charge, see the Fee Tables and section 6, Expenses – Withdrawal Charge.)
We calculate the withdrawal charge as a percentage
          of your Purchase Payments, not Contract Value. Consequently, if the Contract Value has declined since you made a Purchase Payment, it is possible the percentage of Contract Value withdrawn to cover the withdrawal charge would be greater than the
          withdrawal charge percentage. For example, assume you buy the Contract with a single Purchase Payment of $1,000. If your Contract Value in the 5th year is $800 and you take a full withdrawal a 5% withdrawal charge applies. The total withdrawal
          charge would be $50 (5% of $1,000). This results in you receiving $750.
In addition, upon a full withdrawal the free
          withdrawal privilege is not available to you, and we apply a withdrawal charge against Purchase Payments that are still within their withdrawal charge period, including amounts previously withdrawn under the free withdrawal privilege.
On a full withdrawal your Withdrawal Charge Basis may be greater than your Contract Value because the following reduce your Contract Value, but do not reduce your Withdrawal Charge Basis: deductions we make for prior
            Penalty-Free Withdrawals and Contract fees or expenses; and/or poor performance.
Amounts withdrawn from this Contract may also be
          subject to federal and state income taxes, and a 10% additional federal tax if taken before age 59
1
⁄
2
.
We only apply Credits to the Index Options once
          each Term on the Term End Date, rather than on a daily basis. In the interim, we calculate Index Option Values based on the Daily Adjustment for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance
          Strategy. However, Daily Adjustments do not apply to any Index Option with the Index Protection Strategy. Any assets removed from an Index Option during the Term for withdrawals you take (including Penalty-Free Withdrawals and any financial
          adviser fees that you choose to have us pay from this Contract), Annuity Payments, or deductions we make for Contract fees and expenses, or if we pay a death benefit, will not be eligible to receive a Credit on the Term End Date. These removed
          assets will not receive the full benefit of the Index Value, Index Return, and the 10% Buffer, or -10% Floor that would have been available on the Term End Date, and losses could exceed the protection offered by the 10% Buffer, or -10% Floor. You
          will receive a Credit only on the Index Option Value remaining in an Index Option on the Term End Date.
You can transfer Index Option Value to the Variable
          Options only on every sixth Index Anniversary, and you can transfer Index Option Value among the Index Options only on Term End Dates. At other times, you can only move assets out of an Index Option by taking a full or partial withdrawal, or
          entering the Annuity Phase. Additionally, you can transfer assets out of a locked Index Option on the Index Anniversary that occurs on or immediately after the Lock Date. For a 3-year Term Index Option this means you can transfer out of the
          locked Index Option before the Term End Date by executing a Performance Lock on or before the second Index Anniversary of the 3-year Term. These restrictions may limit your ability to react to changes in market conditions. You should consider
          whether investing in an Index Option is consistent with your financial needs.
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Risks of Investing in Securities
Returns on securities and securities Indexes can
          vary substantially, which may result in investment losses. The historical performance of the available Allocation Options does not guarantee future results. It is impossible to predict whether underlying investment values will fall or rise.
          Trading prices of the securities underlying the Allocation Options are influenced by economic, financial, regulatory, geographic, judicial, political and other complex and interrelated factors. These factors can affect capital markets generally
          and markets on which the underlying securities are traded and these factors can influence the performance of the underlying securities.
If you allocate Purchase Payments or transfer
          Contract Value to an Index Option, your returns depend on the performance of an Index although you are not directly invested in the Index. Because the S&P 500
®
Index,
          Russell 2000
®
Index, Nasdaq-100
®
Index, EURO STOXX 50
®
and iShares
®
MSCI Emerging Markets ETF are each comprised of a collection of equity securities, in each
          case the value of the component securities is subject to market risk, or the risk that market fluctuations may cause the value of the component securities to go up or down, sometimes rapidly and unpredictably. In addition, the value of equity
          securities may decline for reasons directly related to the issuers of the securities.
S&P 500
®
Index
. The S&P 500
®
Index is comprised of equity securities
            issued by large-capitalization U.S. companies. In general, large-capitalization companies may be unable to respond quickly to new competitive challenges, and also may not be able to attain the high growth rate of successful smaller companies.
Russell 2000
®
Index
. The Russell 2000
®
Index is comprised of equity securities of
            small-capitalization U.S. companies. In general, the securities of small-capitalization companies may be more volatile and may involve more risk than the securities of larger companies.
Nasdaq-100
®
Index
. The Nasdaq-100
®
Index is comprised of equity securities of the
            largest U.S. and non-U.S. companies listed on The Nasdaq Stock Market, including companies across all major industry groups except the financial industry. To the extent that the Nasdaq-100
®
Index is comprised of securities issued by companies in a particular sector, that company's securities may not perform as well as companies in other sectors or the market as
            a whole. Also, any component securities issued by non-U.S. companies (including related depositary receipts) are subject to the risks related to investments in foreign markets (e.g., increased price volatility; changing currency exchange rates;
            and greater political, regulatory, and economic uncertainty).
EURO STOXX 50
®
. EURO STOXX 50
®
is comprised of the equity securities of
            large-capitalization companies in the Eurozone. The securities comprising EURO STOXX 50
®
are subject to the risks related to investments in foreign markets (e.g., increased
            price volatility; changing currency exchange rates; and greater political, regulatory, and economic uncertainty), and are significantly affected by the European markets and actions of the European Union.
iShares
®
MSCI Emerging Markets ETF
. The iShares
®
MSCI Emerging Markets ETF
            seeks to track the investment results of the MSCI Emerging Markets Index, which is designed to measure equity market performance in the global emerging markets. The underlying index may include large-and mid-capitalization companies. iShares
®
MSCI Emerging Markets ETF is an exchange-traded fund. The performance of the iShares
®
MSCI Emerging
            Markets ETF may not replicate the performance of, and may underperform the underlying index. The price of the iShares
®
MSCI Emerging Markets ETF will reflect expenses and
            fees that will reduce its relative performance. Moreover, it is also possible that the iShares
®
MSCI Emerging Markets ETF may not fully replicate or may, in certain
            circumstances, diverge significantly from the performance of the underlying index. Additional information about iShares
®
MSCI Emerging Markets ETF is available on the SEC's
            website at
sec.gov
and copies of that information may be obtained, upon payment of a duplicating fee, by electronic
            request at the following email address: publicinfo@sec.gov. Please note that this information is not prepared by us and may be intended for shareholders of the ETF. You will not be a shareholder of the ETF by investing in an Index Option that
            is linked to the performance of the ETF. You may also request additional information about the ETF from our Service Center or your Financial Professional.
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The COVID-19 pandemic has at times led to significant volatility and negative returns in the financial markets. These market conditions have impacted the performance
                  of the Indexes to which the Index Options are linked, as well as securities held by the Variable Options. If these market conditions continue or reoccur, and depending on your individual circumstances (
e.g.
,
                  your selected Allocation Options and the timing of any Purchase Payments, transfers, or withdrawals), you may experience (perhaps significant) negative returns under the Contract. The COVID-19 pandemic has contributed to an uncertain and
                  evolving economic environment. The impact of the COVID-19 pandemic and other interrelated factors (e.g., changes in interest rates, rising inflation, actions of governmental authorities) on the economic environment cannot be predicted
                  with certainty, but they could negatively affect the returns of an Index and the level of DPSCs, Precision Rates, and Caps, and other product features, and the overall performance of your Contract.
The military invasion of Ukraine initiated by Russia in February 2022 and the resulting response by the United States and other countries have led to economic disruptions, as well as increased volatility and uncertainty in the financial
                  markets. It is not possible to predict the ultimate duration and scope of the conflict, or the future impact on U.S. and global economies and financial markets. The performance of the Indexes to which the Index Options are linked, as well
                  as securities held by the AZL Government Money Market Fund, may be adversely affected. This risk could be higher for Indexes with exposure to European or Russian markets, including EURO STOXX 50
®
and iShares
®
MSCI Emerging Markets ETF. Depending on your individual circumstances (e.g., your
                  selected Index Options and the timing of any Purchase Payments, transfers, or withdrawals), you may experience (perhaps significant) negative returns under the Contract. You should consult with a Financial Professional about how the
                  recent market conditions may impact your future investment decisions related to the Contract, such as purchasing the Contract or making Purchase Payments, transfers, or withdrawals, based on your individual circumstances.
Risk of Negative Returns
The Variable Options do not provide any protection
          against negative returns.
You can lose principal and previous earnings if you allocate Purchase Payments or transfer Contract Value to the Variable Options and such losses could be significant.
If you allocate Purchase Payments or transfer
          Contract Value to an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, negative Index Returns may cause Performance Credits to be either negative after application of the 10% Buffer or negative
          down to the -10% Floor. For the Index Performance Strategy, we apply the Buffer for the entire Term length; we do not apply the Buffer annually on a 3-year Term Index Option. Ongoing deductions we make for Contract fees and expenses could also
          cause amounts available for withdrawal to be less than what you invested even if Index performance has been positive.
You can lose principal and previous earnings if you allocate Purchase
            Payments or transfer Contract Value to the Index Options with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, and such losses could be significant. If you allocate Purchase Payments or transfer Contract Value
            to the Index Options with the Index Protection Strategy you can also lose principal and previous earnings if you do not receive the DPSC, or if the Contract fees and expenses are greater than the DPSC.
The
            maximum potential negative Performance Credit for the Index Performance Strategy and Index Precision Strategy is based on the Buffer. If the Buffer is 10% the maximum negative Performance Credit is -90%. The maximum potential negative
            Performance Credit for the Index Guard Strategy is the -10% Floor.
Such losses will be greater if you take a withdrawal (including any financial adviser fees that you choose to have us
            pay from this Contract) that is subject to a withdrawal charge, or is a deduction of Contract fees and expenses.
If you select an Index Option with the Index
          Precision Strategy, Index Guard Strategy, or Index Performance Strategy, we calculate Index Options Values for these Index Options on each Business Day during a Term (other than the Term Start Date or Term End Date) by adding the Daily
          Adjustment. The Daily Adjustment affects the total Contract Value available for withdrawal, annuitization, and payment of the death benefit, and it affects how we determine the contract maintenance charge and Charge Base for the rider fee. The
          Daily Adjustment can be less than the Precision Rate or Cap even if the current Index return during the Term is greater than the Precision Rate or Cap. In addition, even though the current Index return during the Term may be positive, the Daily
          Adjustment for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy may be negative due to changes in Proxy Value inputs, such as volatility, dividend yield, and interest rate. The Daily
          Adjustment is generally negatively affected by:
•
interest rate decreases,
•
dividend rate increases,
•
poor market performance, and
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•
the expected volatility of Index prices. Increases in the expected volatility of Index prices negatively affect the Index Precision Strategy and Index Performance Strategy with 1-year Terms, while decreases in the expected
                  volatility of Index prices negatively affect the Index Guard Strategy. For the Index Performance Strategy with 3-year Terms, the impact of changes in the expected volatility of Index prices is dependent on the market environment and the
                  applicable Caps.
The Daily Adjustment for 3-year Term Index Options
          may be more negatively impacted by changes to interest rates, dividend rates, market performance and the expected volatility of Index prices than 1-year Term Index Options because the longer Term length amplifies the impact of these market
          parameters on the expected Index Option Value at the Term End Date. The impact of the Cap and Buffer on the Daily Adjustment for a 1-year Term Index Option is greater than it is for a 3-year Term Index Option because we apply the Cap and Buffer
          for the entire Term length, and the Term length is shorter for a 1-year Term.
If you take a withdrawal from an Index Option with
          the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy before the Term End Date,
you could lose principal and previous earnings because of the Daily Adjustment
even if Index performance is positive on that day or has been positive since the Term Start Date
. If the current Index return during the Term is negative, the
            Daily Adjustment for these Index Options could result in losses greater than the protection provided by the 10% Buffer, or -10% Floor.
In extreme circumstances the Daily Adjustment could result in a loss
            beyond the protection of the Buffer or Floor, but it cannot result in a total loss of -100%.
Such losses will be greater if the amount withdrawn (including any financial adviser fees
            that you choose to have us pay from this Contract) is also subject to a withdrawal charge, or is a deduction of Contract fees and expenses.
Risks Associated with Calculation of Credits
We calculate Credits each Term on the Term End
          Date. Because we calculate Index Returns only on a single date in time, you may experience negative or flat performance even though the Index you selected for a given Crediting Method experienced gains through some, or most, of the Term. If you
          allocate Purchase Payments or transfer Contract Value to the Index Options with Index Protection Strategy, positive returns are limited by the DPSCs. You are not subject, however, to potential negative Credits. The Precision Rates on the Index
          Options with Index Precision Strategy, and the Caps on the Index Options with Index Guard Strategy and Index Performance Strategy also limit positive returns and could cause performance to be lower than it would otherwise have been if you
          invested in a mutual fund or exchange-traded fund designed to track the performance of the applicable Index, or the Variable Options. For the Index Performance Strategy, we apply the Cap for the entire Term length; we do
not
apply the Cap annually on a 3-year Term Index Option.
The Index Options do not directly participate in
          the returns of the Indexes or the Indexes' component securities, and do not receive any dividends payable on these securities. Index returns would be higher if they included the dividends from the component securities. The past ten years of
          actual average of the annual Index returns without and with dividends would have been as follows:
January 1, 2011 through December 31, 2021
S&P 500
®
Index
Nasdaq-100
®
Index
Russell 2000
®
Index
EURO
STOXX 50
®
iShares
®
MSCI
Emerging Markets ETF
Returns without dividends
14.84%
22.67%
12.57%
7.03%
3.79%
Returns with dividends
17.11%
24.05%
14.07%
10.88%
5.90%
DPSCs, Precision Rates, and Caps may be adjusted on
          the next Term Start Date and may vary significantly from Term to Term. Changes to DPSCs, Precision Rates, and Caps may significantly affect the amount of Credit you receive. For more information, see the "Changes to Declared Protection Strategy
          Credits (DPSCs), Precision Rates, and Caps" discussion later in this section.
The Crediting Methods only capture Index Values on
          the Term Start Date and Term End Date, so you will bear the risk that the Index Value might be abnormally low on these days.
Risks Associated with Performance Locks
If a Performance Lock is executed:
•
You will no longer participate in Index performance, positive or negative, for the remainder of the Index Year for the locked Index Option. This means that under no circumstances will your Index Option Value increase during
                  the remainder of the Index Year. An
Index Year
is a twelve-month period beginning on the Index Effective Date or a subsequent Index Anniversary.
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Table of Contents
•
You will not receive a Performance Credit on any locked Index Option on the Term End Date.
•
We use the Daily Adjustment calculated at the end of the
current
Business Day on the Lock Date to determine your locked Index Option Value. This means you
                  will not be able to determine in advance your locked Index Option Value, and it may be higher or lower than it was at the point in time you requested a manual Performance Lock, or that your Index Option reached its target for an automatic
                  Performance Lock. Through your account on our website you can request a Performance Lock based on upper and/or lower targets you set using Index Option Value returns.
•
If a Performance Lock is executed when your Daily Adjustment has declined, you will lock in any loss. It is possible that you would have realized less of a loss or no loss if the Performance Lock occurred at a later time,
                  or if the Index Option was not locked.
•
We will not provide advice or notify you regarding whether you should exercise a Performance Lock or the optimal time for doing so. We will not warn you if you exercise a Performance Lock at a sub-optimal
                  time. We are not responsible for any losses related to your decision whether or not to exercise a Performance Lock.
Substitution of an Index
There is no guarantee that the Indexes will be
          available during the entire time that you own your Contract. If we substitute a new Index for an existing Index, the performance of the new Index may be different and this may affect your ability to receive positive Credits. We may substitute a
          new Index for an existing Index if:
•
the Index is discontinued,
•
we are unable to use the Index because, for example, changes to an Index make it impractical or expensive to purchase derivative hedging instruments to hedge the Index, or we are not licensed to use the Index, or
•
the method of calculation of the Index Values changes substantially, resulting in significantly different Index Values and performance results. This could occur, for example, if an Index altered the types
                  of securities tracked, or the weighting of different categories of securities.
If we add or substitute an Index, we first seek any
          required regulatory approval (from each applicable state insurance regulator) and then provide you with written notice. We also provide you with written notice if an Index changes its name. Substitutions of an Index may occur during a Term. If we
          substitute an Index during a Term we will combine the return of the replaced existing Index from the Term Start Date to the substitution date with the return of the new Index from the substitution date to the Term End Date. If we substitute an
          Index during a Term:
•
we do
not
change the Charge Base we use to calculate the rider fee, and
•
the Buffers, Floors, DPSCs, Precision Rates, and Caps for the replaced Index will apply to the new Index. We do
not
change the Buffers and
                  Floors applicable to your Contract, or the current DPSCs, Precision Rates, and Caps that we set on the Term Start Date.
Changes to DPSCs, Precision Rates, and Caps
          associated with the new Index, if any, may occur at the next regularly scheduled Term Start Date. Depending on the constitution of the replaced Index, the volatility of its investments, and our ability to hedge the Index's performance, we may
          determine, in our discretion, to increase or decrease renewal DPSCs, Precision Rates, and Caps associated with the new Index. However, we would not implement any change to reflect this difference until the next Term Start Date after the
          substitution. For any Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, the substitution of an Index during a Term may result in an abnormally large change in the Daily Adjustment on the day we
          substitute the Index.
The selection of a substitution Index is in our
          discretion; however, it is anticipated that any substitute Index will be substantially similar to the Index it is replacing and we will replace any equity Index with a broad-based equity index.
Changes to Declared Protection Strategy Credits
          (DPSCs), Precision Rates, and Caps
You can only transfer Index Option Value to a Variable Option on a sixth Index Anniversary.
We establish initial and renewal DPSCs, Precision
          Rates, and Caps as indicated under "When Does Allianz Establish the Values Used to Determine Index Credits?" in the Summary of the Index Options section. This section also includes information on the notice we provide you of renewal changes on
          each Index Anniversary.
You should be aware that, generally, DPSCs, Precision
          Rates, and Caps could change every seven calendar days. However, these rates are guaranteed to be available during the period stated on our website at
allianzlife.com/indexratesnf
and
          cannot be superseded until that period ends. If you select the earliest Index
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Effective Date
or an Index
          Effective Date that is within the guaranteed period applicable to the initial rates in effect on the Issue Date, the initial rates available for review on your Issue Date will be the rates on your Index Effective Date. However, if you select an
          Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision Rates, and Caps may change and be less advantageous to you. Furthermore, if the Index Effective Date is
          after the end of the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance charge if you then elect to cancel the Contract after the free look period. You may review future rates
          at least seven calendar days before their effectiveness at
allianzlife.com/indexratesnf
. You (or your Financial Professional, if authorized) can change your Index Effective Date at
          any time before it occurs to be an earlier or later date by submitting a request.
On each Term End Date you have the option of
          remaining allocated to your current Index Options at the renewal DPSCs, Precision Rates, and Caps that we set on the next Term Start Date, or transferring to another permitted Allocation Option, subject to the limitations on transfers from an
          Index Option to a Variable Option. At least seven calendar days before each Index Anniversary we publish renewal rates for the next Term Start Date for your review in your account on our website, and on our public website at
allianzlife.com/indexratesnf
. If you do not review renewal change information when it is published, or take no action to transfer to another permitted Allocation Option, you will remain
          allocated to your current Index Options and will automatically become subject to the renewal DPSCs, Precision Rates, and Caps until the next Term End Date.
You risk the possibility that the renewal DPSCs,
          Precision Rates, and Caps you receive may be less than you would find acceptable. If you do not find the renewal rates acceptable, you must give us transfer instructions no later than the end of the Business Day on the Term End Date (or the next
          Business Day if the Term End Date is a non-Business Day) or you will be subject to these renewal DPSCs, Precision Rates, and Caps for the next Term. Other than on a sixth Index Anniversary when you can transfer Index Option Value to the Variable
          Options, when your renewal rates change the only options available to you are to transfer Index Option Value between Index Options, or take a full withdrawal (which may be subject to a withdrawal charge).
Initial and renewal DPSCs, Precision Rates, and
          Caps may vary significantly depending upon a variety of factors, including:
•
market volatility,
•
our hedging strategies and investment performance,
•
the availability of hedging instruments,
•
the amount of money available to us through Contract fees and expenses to purchase hedging instruments,
•
your Index Effective Date,
•
the level of interest rates,
•
utilization of Contract benefits by Owners, and
•
our profitability goals.
Due to a combination of factors, including
          potential changes in interest rates and other market conditions (e.g. rising inflation), the current economic environment is evolving. The future impact on initial and renewal DPSCs, Precision Rates, and Caps cannot be predicted with certainty.
          The effect of a change in interest rates or other market conditions may not be direct or immediate. There may be a lag in changes to DPSCs, Precision Rates, and Caps. Interest rates could increase. In a rising interest rate environment, increases
          in DPSCs, Precision Rates, and Caps, if any, may be substantially slower than increases in interest rates.
We manage our obligation to provide Credits in part
          by trading call and put options, and other derivatives on the available Indexes. The costs of the call and put options and other derivatives vary based on market conditions, and we may adjust future renewal DPSCs, Precision Rates, and Caps to
          reflect these cost changes. The primary factor affecting the differences in the initial DPSCs, Precision Rates, and Caps for newly issued Contracts and renewal rates for existing Contracts is the difference in what we can earn from these
          investments for newly issued Contracts versus what we are earning on the investments that were made, and are being held to maturity, for existing Contracts. In some instances we may need to reduce both initial and renewal DPSCs, Precision Rates,
          and Caps, or we may need to substitute an Index. You bear the risk that we may reduce DPSCs, Precision Rates, and Caps, which reduces your opportunity to receive positive Credits.
Investment in Derivative Hedging Instruments
The Index Options are supported by bonds and other
          fixed income securities which are also used to support the Contract guarantees, cash, and derivative hedging instruments used to hedge the movements of the applicable Index.
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At Contract issue, we invest a substantial majority
          of the initial Contract Value allocated to the Index Options in fixed income securities, with most of the remainder invested in derivative hedging instruments. The derivative hedging instruments are purchased to track and hedge Index movements
          and support our obligations with regard to the Index Options. The derivative hedging instruments we purchase include put options, call options, futures, swaps, and other derivatives.
We currently limit our purchase of derivative
          hedging instruments to liquid securities. However, like many types of derivative hedging instruments, these securities may be volatile and their price may vary substantially. In addition, because we pay Credits regardless of the performance of
          derivative hedging instruments we purchase, we may incur losses on hedging mismatches or errors in hedging. We may incur additional costs if the costs of our hedging program increase due to market conditions or other factors. Our overall
          experience with hedging securities may affect renewal DPSCs, Precision Rates, and Caps for existing Contracts.
Risks of Deducting Financial Adviser Fees from the
          Contract
If you have an investment adviser and want to pay
          their financial adviser fees from this Contract, you can instruct us to withdraw the fee from your Contract and pay it to your adviser. The investment adviser requests each fee payment by submitting a letter of instruction that includes the fee
          amount. The deduction of financial adviser fees is in addition to this Contract's fees and expenses, and the deduction is treated the same as any other withdrawal under the Contract. As such, withdrawals to pay financial adviser fees may be
          subject to withdrawal charges, will reduce the Contract Value and Guaranteed Death Benefit Value (perhaps significantly), and may be subject to income taxes (including tax penalties if you are younger than age 59
1
⁄
2
).
Please consult with your Financial Professional before requesting
            us to pay financial adviser fees from this Contract compared to other assets you may have.
Certain Variable Options may also invest in
          derivative securities. For more information on these investments, see the Variable Option prospectuses.
Our Financial Strength and Claims-Paying Ability
We make Annuity Payments, and pay death benefits
          from our general account. Our general account assets are subject to claims by our creditors, and any payment we make from our general account is subject to our financial strength and claims-paying ability. We apply Credits from an unregistered,
          non-unitized, non-insulated separate account (
Separate Account IANA
). Like our general account, the assets in Separate Account IANA are subject to our general business operation liabilities and the claims of
          our creditors, and are also subject to our financial strength and claims-paying ability. For more information on Separate Account IANA, see section 12, Other Information – Our Unregistered Separate Account.
As a result of the COVID-19 pandemic and interrelated market factors (e.g., market volatility changes in interest rates, rising inflation, actions by governmental
                  authorities), economic uncertainties have arisen which could negatively impact Allianz Life's net income and surplus. The extent to which the COVID-19 pandemic and these other market factors will impact our business, net income, and
                  surplus, as well as our capital and liquidity position, will depend on future developments, which are highly uncertain. For more information see section 13, Information on Allianz Life – Business and Operational Risks Relevant to the
                  Contract.
Regulatory Protections
Allianz Life is not an investment company and
          therefore we are not registered as an investment company under the Investment Company Act of 1940, as amended, and the protections provided by this Act are not applicable to the guarantees we provide. The Separate Account is, however, registered
          as an investment company. Any allocations you make to an Index Option are not part of the Separate Account. Allianz Life is not an investment adviser and so is not subject to the Investment Advisers Act of 1940, and does not provide investment
          advice to you in connection with your Contract.
Your Contract is registered in accordance with the
          Securities Act of 1933 and the offering of the Contract must be conducted in accordance with the requirements of this Act. In addition, the offer and sale of the Contract is subject to the provisions of the Securities Exchange Act of 1934.
The Contract is filed with and approved by each
          state in which the Contract is offered. State insurance laws provide a variety of regulatory protections.
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1.
The Contract
An annuity is a contract between you as the Owner,
          and an insurance company (in this case Allianz Life), where you make payments to us and we invest that money in the Allocation Options you select. Depending on market conditions, your Contract may gain or lose value based on the returns of your
          selected Allocation Options. When you are ready to take money out, we make payments to you according to your instructions and any restrictions associated with the payment option you select that is described in this prospectus. Other than to add
          benefits that are beneficial to you, we do not make any changes to your Contract without your permission except as may be required by law.
The Contract has an Accumulation Phase and an
          Annuity Phase.
The
Accumulation Phase
is the first phase of your Contract, and it begins on the Issue Date. During the Accumulation Phase, we invest your money in the Allocation Options you select on a
          tax-deferred basis. Tax deferral may not be available for certain non-individually owned contracts. Tax deferral means you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your Contract.
          (For more information, see section 11, Taxes.)
During the Accumulation Phase you can take
          withdrawals (subject to any withdrawal charge). You can also make additional Purchase Payments subject to the restrictions set out in section 3, Purchase Requirements. The Contract also offers at issue the optional Maximum Anniversary Value Death
          Benefit for an additional rider fee (see section 10) if all Owners and the Annuitant are age 75 or younger on the Issue Date. The Maximum Anniversary Value Death Benefit can only be added to a Contract at issue. The Maximum Anniversary Value
          Death Benefit potentially provides a death benefit greater than the Traditional Death Benefit based on the Maximum Anniversary Value (highest Contract Value on any Index Anniversary before age 91, increased by the dollar amount of subsequent
          Purchase Payments, and reduced proportionately for subsequent withdrawals you take including any withdrawal charge).
The Accumulation Phase ends upon the earliest of
          the following.
•
The Business Day before the Annuity Date.
•
The Business Day we process your request for a full withdrawal.
•
Upon the death of any Owner (or the Annuitant if the Owner is a non-individual), the Business Day we first receive a Valid Claim from any one Beneficiary, unless the surviving spouse/Beneficiary continues
                  the Contract. If there are multiple Beneficiaries, the remaining Contract Value continues to fluctuate with the performance of the Allocation Options until the complete distribution of the death benefit. A
Valid
                    Claim
is the documents we require to be received in Good Order at our Service Center before we pay any death claim.
If you request Annuity Payments, the Accumulation
          Phase of your Contract ends and you enter the
Annuity Phase
. During the Annuity Phase we make regular fixed periodic Annuity Payments based on the life of the Annuitant(s), or life and
          term certain. We send Annuity Payments to the
Payee
(the person or entity who receives Annuity Payments during the Annuity Phase). You can choose when Annuity Payments begin, subject to certain
          restrictions. We base Annuity Payments on your Contract Value and the payout rates for the Annuity Option you select. Your Annuity Payments do not change unless an Annuitant dies. The Annuity Phase ends when we make the last Annuity Payment under
          your selected Annuity Option. For more information, see section 8, The Annuity Phase.
Financial Adviser Fees
If you have a financial adviser and want to take a
          withdrawal from this Contract to pay your financial adviser fee, you can submit a written request to our Service Center by completing our third party money management customer authorization of transfer form and fee redemption authorization form.
          If we approve your request, we withdraw the requested fees and pay them to your Financial Professional or Financial Professional's firm as instructed. The fee redemption authorization is an agreement between you, your Financial Professional,
          and/or the Financial Professional's firm. The agreement authorizes us to deduct financial adviser fees from the Contract and send them to the Financial Professional or the Financial Professional's firm upon written request. You can terminate this
          agreement at any time by providing us written notice. We retain the right to request an updated fee redemption authorization form at any time.
The Financial Professional or Financial
          Professional's Firm requests each fee payment by submitting a letter of instruction that includes the fee amount.
We treat this fee payment as a withdrawal which means a withdrawal charge, federal and state income
            taxes, and a 10% additional federal tax if you are under age 59
1
⁄
2
may apply, and the amount of Contract Value available for withdrawal may be affected by the Daily Adjustment
(which can be negative).
We deduct financial adviser fees (including any withdrawal charge) proportionately from each Allocation Option unless you
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provide us with alternate instructions. This withdrawal reduces
          the Contract Value and the amount available under the free withdrawal privilege by the dollar amount withdrawn. It may also reduce your Contract's Guaranteed Death Benefit Value proportionately by the percentage of Contract Value withdrawn, which
          may reduce this value
by more than the amount withdrawn and these reductions could be significant.
If this is a Non-Qualified Contract, a withdrawal will be a taxable withdrawal to the
          extent that gain exists within the Contract. Financial adviser fees paid from an IRA Contract will not be treated as a taxable withdrawal as long as the annuity contract is solely liable for the payment of the financial adviser fee. You should
          consult a tax adviser regarding the tax treatment of financial adviser fee payments.
Please consult with your Financial Professional before requesting us to pay financial adviser fees from this
            Contract compared to other assets you may have.
Your financial adviser acts on your behalf, not
          ours. We are not party to any agreement between you and your financial adviser, nor are we responsible for your financial adviser's actions. We do not verify that withdrawals for financial adviser fees align with the terms of your agreement with
          your financial adviser. We do not set your financial adviser fee or receive any part of it. Any withdrawals for financial adviser fees you pay is in addition to this Contract's fees and expenses. We pay sales commissions to the selling firms and
          their Financial Professionals. The maximum commission payable to the selling firms for Contract sales is expected to not exceed 6% of Purchase Payments. Sometimes, we enter into an agreement with a selling firm to pay commissions as a combination
          of a certain amount of the commission at the time of sale and a trail commission which, when totaled, could exceed 6% of Purchase Payments. Financial Professionals and their managers may also be eligible for various benefits such as production
          incentive bonuses, insurance benefits, and non-cash compensation items that we may provide jointly with our principal underwriter, Allianz Life Financial Services, LLC. You should ask your financial adviser about compensation they receive for
          this Contract. Allianz Life is not an investment adviser, and does not provide investment advice in connection with sales of the Contract. We are not a fiduciary to you, and do not make recommendations or assess suitability.
You can submit a written request to our Service
          Center on a form satisfactory to us to allow your financial adviser to make Allocation Option transfers and allocation changes on your behalf. However, we reserve the right to review a financial adviser's trading history before allowing him or
          her to make transfers. If, in our sole discretion, we believe the financial adviser's trading history indicates excessive trading, we can deny your request. If we approve it, your financial adviser is subject to the same trading restrictions that
          apply to Owners. We can deny or revoke trading authority in our sole discretion.
Financial Adviser Fee Deduction Example
These calculations show the effects of withdrawing
          financial adviser fees on the Contract Value and available Guaranteed Death Benefit Value. These withdrawals (including any withdrawal charges) immediately reduce the Contract Value on a dollar for dollar basis, and reduce the available
          Guaranteed Death Benefit Value by the percentage of Contract Value withdrawn.
The example assumes a withdrawal of $5,000 once per
          year on days that are not Term End Dates to pay financial adviser fees starting when the Contract Value is $100,000, the Guaranteed Death Benefit Value under the Traditional Death Benefit is $90,000, and the Guaranteed Death Benefit Value under
          the Maximum Anniversary Value Death Benefit is $105,000. The first withdrawal assumes that there is no amount remaining under the partial withdrawal privilege for that year, so that withdrawal is subject to an 8.5% withdrawal charge. Subsequent
          withdrawals are all taken under the partial withdrawal privilege. All fractional numbers in these examples have been rounded up to the next whole number. All Contract Value figures reflect the Daily Adjustment.
Financial Adviser Fee
Withdrawal
Contract
Value
Guaranteed Death Benefit
Value for a Contract with the
Traditional Death Benefit
Guaranteed Death Benefit Value
for a Contract with the
Maximum Anniversary Value
Death Benefit
Prior to 1
st
years withdrawal
$ 100,000
$ 90,000
$ 105,000
$5,000 withdrawal (subject to an
8.5% withdrawal charge)
– [($5,000 ÷ (1 – 8.5%)]
Amount withdrawn
– $5,465
– [($5,465 ÷ 100,000) x 90,000]
– [($5,465 ÷ 100,000) x 105,000]
= - $4,919
= - $5,739
After 1
st
years withdrawal
$ 94,535
$ 85,081
$ 99,261
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Financial Adviser Fee
Withdrawal
Contract
Value
Guaranteed Death Benefit
Value for a Contract with the
Traditional Death Benefit
Guaranteed Death Benefit Value
for a Contract with the
Maximum Anniversary Value
Death Benefit
Prior to 2
nd
years withdrawal
$ 97,000
$ 85,081
$ 99,261
$5,000 withdrawal (not subject to a
withdrawal charge)
– $5,000
– [($5,000 ÷ 97,000) x 85,081]
– [($5,000 ÷ 97,000) x 99,261]
= - $4,386
= - $5,117
After 2
nd
years withdrawal
$ 92,000
$ 80,695
$ 94,414
Prior to 3
rd
years withdrawal
$ 80,0000
$ 80,695
$ 94,414
$5,000 withdrawal (not subject to a
– $5,000
– [($5,000 ÷ 80,000) x 80,695]
– [($5,000 ÷ 80,000) x 94,414]
withdrawal charge)
= - $5,044
= - $5,844
After 3
rd
years withdrawal
$ 75,000
$ 75,651
$ 88,260
The death benefit is the greater of the Contract
          Value, or the Guaranteed Death Benefit Value, so the death benefit would be:
•
$94,535 Contract Value under the Traditional Death Benefit, or the $99,261 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the first adviser fee.
•
$92,000 Contract Value under the Traditional Death Benefit, or the $94,414 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the second adviser fee.
•
$75,651 Guaranteed Death Benefit Value under the Traditional Death Benefit, or the $88,260 Guaranteed Death Benefit Value under the Maximum Anniversary Value Death Benefit after the third adviser fee.
When the Contract Ends
The Contract ends when:
•
all applicable phases of the Contract (Accumulation Phase and/or Annuity Phase) have ended, and/or
•
if we received a Valid Claim, all applicable death benefit payments have been made.
For example, if you take a full withdrawal of the
          total Contract Value, both the Accumulation Phase and the Contract end even though the Annuity Phase never began and we did not make any death benefit payments.
2.
Ownership,
            Annuitant, Determining Life, Beneficiary, and Payee
Owner
The Owner designated at Contract issue has all the
          rights under the Contract. The Owner may be an individual, or a non-individual (e.g. a trust, tax-exempt entity, or corporation). Qualified Contracts and non-individually owned Contracts can only have one Owner. A
Qualified
            Contract
is purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Code.
Joint Owner
A Non-Qualified Contract can be owned by up to two
          individual Owners
(Joint Owners)
. We generally require the signature of both Joint Owners on any forms that are submitted to our Service Center.
Annuitant
The Annuitant is the individual on whose life we
          base Annuity Payments. Subject to our approval, you designate an Annuitant when you purchase a Contract. For Qualified Contracts, before the Annuity Date the Owner must be the Annuitant unless the Contract is owned by a qualified plan or is part
          of a custodial arrangement. You can change the Annuitant on an individually owned Non-Qualified Contract at any time before the Annuity Date.
You cannot change the Annuitant if the Owner is a
            non-individual
. Subject to our approval, you can add a joint Annuitant on the Annuity Date. For Qualified Contracts, the ability to add a joint Annuitant is subject to any plan requirements associated with the
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Contract. For individually owned Contracts, if the Annuitant who
          is not an Owner dies before the Annuity Date, the sole Owner (or younger Joint Owner) automatically becomes the new Annuitant, but the Owner can subsequently name another Annuitant.
Designating different persons as Owner(s) and
          Annuitant(s) can have important impacts on whether a death benefit is paid, and on who receives it as indicated below
. For more examples, please see the Appendix A to the Form N-4 SAI.
Use care when
          designating Owners and Annuitants, and consult your Financial Professional if you have questions
.
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Upon the Death of a Sole Owner
Action if the Contract is in the Accumulation Phase
•
We pay a death benefit to the Beneficiary unless the Beneficiary is the surviving spouse and continues the Contract.
•
If the deceased Owner was a Determining Life and the surviving spouse Beneficiary continues the Contract:
–
we increase the Contract Value to equal the Guaranteed Death Benefit Value if greater and available, and the death benefit ends,
–
the surviving spouse becomes the new Owner,
–
the Accumulation Phase continues, and
–
upon the surviving spouse's death, his or her Beneficiary(s) receives the Contract Value.
•
If the deceased Owner was not a Determining Life, the Traditional Death Benefit or Maximum Anniversary Value Death Benefit are not available and the Beneficiary(s) receives the Contract Value.
Action if the Contract is in the Annuity Phase
•
The Beneficiary becomes the Payee. If we are still required to make Annuity Payments under the selected Annuity Option, the Beneficiary also becomes the new Owner.
•
If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.
•
If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.
–
Annuity Option 1 or 3, payments end.
–
Annuity Option 2 or 4, payments end when the guaranteed period ends.
–
Annuity Option 5, payments end and the Payee may receive a lump sum refund.
–
For more information on Annuity Options, please see section 8.
•
If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.
Determining Life (Lives)
The Determining Life (Lives) are the
            individuals on whose life we base the Guaranteed Death Benefit Value provided by the Traditional Death Benefit or Maximum Anniversary Value Death Benefit. We establish the Determining Life (Lives) at Contract issue. For an individually owned
            Contract the Determining Life (Lives) are the Owner(s). For a non-individually owned Contract the Determining Life is the Annuitant. After the Issue Date the Determining Life (Lives) only change if:
•
you remove a Joint Owner due to divorce, then we also remove that person as a Determining Life, or
•
you establish a jointly owned Non-Qualified Contract and change ownership to a Trust, then we remove the prior Owner who is not the Annuitant as a Determining Life.
Beneficiary
The Beneficiary is the person(s) or
            entity you designate to receive any death benefit. You can change the Beneficiary or contingent Beneficiary at any time before your death unless you name an irrevocable Beneficiary. If a Beneficiary dies before you, or you and a Beneficiary die
            simultaneously as defined by applicable state law or regulation, that Beneficiary's interest in this Contract ends unless your Beneficiary designation specifies otherwise. If there are no surviving primary Beneficiaries, we pay the death
            benefit to the contingent Beneficiaries who survive you. If there are no surviving Beneficiaries or if there is no named Beneficiary, we pay the death benefit to your estate or the Owner if the Owner is a non-individual.
FOR JOINTLY OWNED CONTRACTS:
The sole primary Beneficiary is the surviving Joint Owner regardless of any other
                      named primary Beneficiaries. If both Joint Owners die simultaneously as defined by applicable state law or regulation, we pay the death benefit to the named contingent Beneficiaries or equally to the estate of the Joint Owners if
                      there are no named contingent Beneficiaries.
Payee
The Payee is the person or entity who
            receives Annuity Payments during the Annuity Phase. The Owner receives tax reporting on those payments. Generally we require the Payee to be an Owner. However, we may allow you to name a charitable trust, financial institution, qualified plan,
            or an individual specified in a court order as a Payee subject to our approval. For Qualified Contracts owned by a qualified plan, the qualified plan must be the Payee.
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Assignments, Changes of Ownership and Other
          Transfers of Contract Rights
You can assign your rights under this Contract to
          someone else during the Accumulation Phase. An assignment may be absolute or limited, and includes changes of ownership, collateral assignments, or any other transfer of specific Contract rights. After an assignment, you may need the consent of
          the assignee of record to exercise certain Contract rights depending on the type of assignment and the rights assigned.
The Contract cannot be assigned without our
          consent. You must submit your request to assign the Contract in writing to our Service Center  and we must approve it in writing. To the extent permitted by state law, we reserve the right to refuse to consent to any assignment at any time on a
          nondiscriminatory basis. We will not consent if the assignment would violate or result in noncompliance with any applicable state or federal law or regulation.
Upon our consent, we record the assignment. We are
          not responsible for the validity or effect of the assignment. We are not liable for any actions we take or payments we make before we receive your request in Good Order and record it. A request is in "
Good Order
"
          when it contains all the information we require to process it. Assigning the Contract does not change, revoke or replace the originally named Annuitant or Beneficiary; if you also want to change the Annuitant or Beneficiary you must make a
          separate request.
•
An
                    assignment may be a taxable event
. In addition, there are other restrictions on changing the ownership of a Qualified Contract and Qualified Contracts generally cannot be assigned absolutely or on a limited basis.
You should consult with your tax adviser before assigning this Contract
.
•
An assignment will only change the Determining Life (Lives) if it involves removing a Joint Owner due to divorce, or replacing Joint Owners with a Trust.
3.
Purchasing
            the Contract
Purchase Requirements
To purchase this Contract, on the Issue Date all
          Owners and the Annuitant must be:
•
age 80 or younger, or
•
age 75 or younger if you select the Maximum Anniversary Value Death Benefit.
The Purchase Payment requirements for this Contract
          are as follows.
•
The minimum initial Purchase Payment due on the Issue Date is $10,000.
•
You can make additional Purchase Payments of $50 or more during the Accumulation Phase.
•
We do not accept additional Purchase Payments on or after the Annuity Date.
•
The maximum total Purchase Payments we accept without our prior approval is $1 million.
We may, at our sole discretion, waive the minimum
          Purchase Payment requirements.
Once we receive your initial Purchase Payment and
          all necessary information in Good Order at our Service Center, we issue the Contract within two Business Days and allocate your payment to your selected Allocation Options. If the Issue Date is the same as the Index Effective Date we apply any
          part of your initial Purchase Payment you allocate to the Index Options directly to the Index Options. If the Issue Date is not the Index Effective Date, we hold any part of your initial Purchase Payment you allocate to the Index Options in the
          AZL Government Money Market Fund before we transfer it to your selected Index Options. If you do not give us all of the information we need, we contact you or your Financial Professional. If for some reason we are unable to complete this process
          within five Business Days, we either send back your Purchase Payment or get your permission to keep it until we get all of the necessary information. If you make additional Purchase Payments, we add this money to your Contract on the Business Day
          we receive it in Good Order.
If you submit a Purchase Payment and/or application
          to your Financial Professional, we do not begin processing the payment and/or application until we receive it.
We may terminate your ability to make additional
          Purchase Payments because we reserve the right to decline any or all Purchase Payments at any time on a nondiscriminatory basis
. This applies to Contracts issued in all states except as disclosed in Appendix G.
            If mandated under applicable law, we may be required to reject a Purchase Payment.
If we exercise our right to decline additional Purchase Payments, this may limit your ability to fund your Contract's guaranteed benefits such as the
          Traditional Death Benefit or Maximum Anniversary Value Death Benefit.
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Applications Sent Electronically
We accept manually signed applications that are in
          Good Order and are sent by fax, or email, or uploaded to our website. It is important to verify receipt of any faxed application, or to receive a confirmation number when using email or the web. We are not liable for applications that we do not
          receive. A manually signed application sent by fax, email or over the web is considered the same as an application delivered by mail. Our electronic systems (fax, email or website) may not always be available; any electronic system can experience
          outages or slowdowns which may delay application processing. Although we have taken precautions to help our system handle heavy use, we cannot promise complete reliability. If you experience problems, please submit your written application by
          mail to our Service Center. We reserve the right to discontinue or modify our electronic application policy at any time and for any reason.
Allocation of Purchase Payments and Contract Value
          Transfers
The allocation instructions you provide on your
          application automatically become your Purchase Payment default instructions. (In your Contract, Purchase Payment default instructions are called future allocation instructions.) We use these default instructions for all Purchase Payments we
          receive unless you change them, or give us alternate allocation instructions specific to an individual Purchase Payment.
We only allow Purchase Payments to move into the Index Options on the
            Index Effective Date and on subsequent Index Anniversaries.
As a result, we hold Purchase Payments allocated to the Index Options we receive on days other than the Index Effective Date or an Index Anniversary in the AZL Government Money
          Market Fund until we transfer them to your selected Index Options according to your Purchase Payment default instructions. On the Index Effective Date we rebalance or reallocate your total Contract Value among all of your selected Allocation
          Options according to your Purchase Payment default instructions. For additional Purchase Payments we receive
after
the Index Effective Date, this transfer occurs on the next Index
          Anniversary and does not involve a reallocation of your total Contract Value. We apply any Purchase Payments allocated to the Index Options we receive on the Index Effective Date or on an Index Anniversary directly to the Index Options on that
          day; these Purchase Payments are not held in the AZL Government Money Market Fund.
We only allow Variable Account Value transfers into
          Index Options and Index Option Value transfers between Index Options on Term End Dates. We do not allow assets to move into an established Index Option until the Term End Date. If you request to transfer into an established Index Option on an
          Index Anniversary that is not a Term End Date, we will transfer those assets into the same Index Option with a new Term Start Date.
If you only select the 1-year Term Index Options,
          you can automatically reallocate your total Contract Value annually by providing us with instructions (see section 4, Optional Reallocation Program for 1-year Term Index Options). However, you cannot automatically reallocate your total Contract
          Value annually on each Term End Date if you select a 3-year Term Index Option.
You select the Index Effective Date when you
          purchase your Contract. It can be any Business Day up to and including the first Quarterly Contract Anniversary, but it cannot be the 29th, 30th or 31st of a month.
On your application if you select…
Your Index Effective Date will be either…
the earliest Index Effective Date
• your Issue Date, or
• the first Business Day of the next month if the Issue Date is the 29th, 30th, or 31st of a month
the deferred Index Effective Date
• your first Quarterly Contract Anniversary, or
• the next Business Day if the first Quarterly Contract Anniversary occurs on a non-Business Day, or the first Business Day of the next month if the first Quarterly Contract Anniversary is the 29th, 30th, or 31st of a month
You should be aware that, generally, DPSCs, Precision
          Rates, and Caps could change every seven calendar days. However, these rates are guaranteed to be available during the period stated on our website at
allianzlife.com/indexratesnf
and
          cannot be superseded until that period ends. If you select the earliest Index Effective Date or an Index Effective Date that is within the guaranteed period applicable to the initial rates in effect on the Issue Date, the initial rates available
          for review on your Issue Date will be the rates on your Index Effective Date. However, if you select an Index Effective Date that is after the date the rate is guaranteed to be available, you are subject to the risk that initial DPSCs, Precision
          Rates, and Caps may change and be less advantageous to you. Furthermore, if the Index Effective Date is after the end of the free look period, you will be subject to the withdrawal charge, and final product and rider fees and contract maintenance
          charge if you then elect to cancel the Contract after the free look period. You may review future rates at least seven calendar days before their
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effectiveness at
allianzlife.com/indexratesnf
. You (or your Financial Professional, if authorized) can change your Index Effective Date at any time before it occurs to be an earlier or later date by
          submitting a request.
However, your new Index Effective Date cannot be later than the deferred Index Effective Date listed above. We must receive your request in Good Order at our Service Center before the end
            of the Business Day on which you want the Index Effective Date to occur. Once your Index Effective Date occurs, all Index Options for your Contract will have the same Index Anniversary.
You can change your Purchase Payment default
          instructions at any time without fee or penalty. These changes are effective on the Business Day we receive them in Good Order at our Service Center. We accept changes to Purchase Payment default instructions from any Owner unless you instruct
          otherwise. We may allow you to authorize someone else to change these default instructions on your behalf.
Changes to your Purchase Payment default instructions do not reallocate or transfer
            existing Index Option Values on the Term End Date
.
We notify you at least 30 days in advance of each
          Index Anniversary as a reminder that on the upcoming anniversary you may transfer Variable Account Value to the Index Options, and you may transfer Index Option Value between Index Options. Transfers between Allocation Options do not change your
          Purchase Payment default instructions. For more information, see section 5, Variable Options – Electronic Transfer and Allocation Instructions. On each Term End Date, if we have not received transfer instructions from you, and you are not
          participating in the 1-year Term Index Option reallocation program, all assets invested continue to be invested in the Index Options at the renewal DPSCs, Precision Rates, and Caps.
You cannot transfer Index Option Value to the
          Variable Options except on every sixth Index Anniversary,
at which point you can do so even if the assets you wish to transfer have been in the Index Options for less than six full years
.
However,
if the sixth Index Anniversary is not a Term End Date and you would like to transfer out of a 3-year Term Index Option to a
            Variable Option you must request that we execute a Performance Lock on that Index Option on or before the sixth Index Anniversary.
If you request to transfer Index Option Value to the Variable Options on a sixth Index Anniversary this
          request automatically cancels any prior transfer instructions you gave to us regarding moving Variable Account Value to the Index Options. We must receive all Index Option transfer instructions in Good Order at our Service Center before the end
          of the Business Day on the Term End Date (or the next Business Day if the Term End Date is a non-Business Day).
You can transfer Variable Account Value among the
          Variable Options on any Business Day, except that any amount held in the AZL Government Money Market Fund that is set to be allocated to an Index Option on the Index Effective Date or an Index Anniversary will not be transferred to the Index
          Option if it is transferred to another Variable Option.
•  In order to apply Purchase Payments we receive
after
the Index Effective Date to your selected Index Option(s) on the next Index Anniversary, we must receive them
before
the end of the Business Day on the Index Anniversary (or before the end of the
prior
Business Day if the
                  anniversary is a non-Business Day). Variable Options are subject to Contract fees and expenses (e.g. m&e charge) and market risk. Assets you allocate to them may lose value,
including
                    any Purchase Payments we hold in the AZL Government Money Market before transferring them to your selected Index Options
.
Automatic Investment Plan (AIP)
The AIP makes additional Purchase Payments to the
          Contract during the Accumulation Phase on a monthly or quarterly basis by electronic money transfer from your savings, checking or brokerage account. You can participate in AIP by completing our AIP form. Our Service Center must receive your form
          in Good Order by the 15th of the month (or the next Business Day if the 15th is a non-Business day) in order for AIP to begin that same month. We process AIP Purchase Payments on the 20th of the month, or the next Business Day if the 20th is a
          non-Business Day. We allocate AIP Purchase Payments according to your Purchase Payment default instructions which must comply with the allocation requirements and restrictions stated in this section. We must receive your request to stop or change
          AIP at our Service Center before the end of the last Business Day immediately before the Business Day we process AIP to make the change that month. If you choose to begin Annuity Payments, AIP ends automatically on the last Business Day before
          the Annuity Date. We reserve the right to discontinue or modify AIP at any time and for any reason.
For Owners of Qualified Contracts, AIP is not available if you have an Inherited IRA Contract, an Inherited Roth IRA Contract, or if your Contract is funding a plan
                  that is tax qualified under Section 401 of the Code.
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Free Look/Right To Examine Period
If you change your mind about the Contract, you can
          cancel it within the free look period stated on the first page of your Contract. In most states, this is ten calendar days after you receive the Contract. If you cancel your Contract during the free look period, in most states we return your
          Contract Value as of the Business Day we receive your cancellation request in Good Order. This may be more or less than your initial Purchase Payment. In states that require us to return Purchase Payments less withdrawals if you cancel your
          Contract, we return Contract Value if greater.
IRA Contracts require us to return Purchase
          Payments less withdrawals. If you cancel your IRA Contract, we return the greater of Purchase Payments less withdrawals or Contract Value.
If your cancellation request occurs after the Index
          Effective Date, your Contract Value will include the Daily Adjustment for amounts allocated to the Index Options.
Some states and certain IRA Contracts require
          return of Purchase Payments. For these Contracts, we reserve the right to hold your initial Purchase Payment to the AZL Government Money Market Fund until the free look period ends, and then re-allocate your Contract Value, less fees and
          expenses, according to your Purchase Payment default instructions. If we exercise this right, the Contract Value we use to determine your refund amount on a cancellation request will not include the Daily Adjustment as the Index Effective Date
          will not yet have occurred. Currently we only exercise this right on certain Contracts issued in California as noted in Appendix G. If we hold your initial Purchase Payment in the AZL Government Money Market Fund during the free look period and
          the requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the free look period that is not the 29th, 30th or 31st of the month. Then, if you:
•
cancel your Contract during this time, we return the greater of Purchase Payments less withdrawals, or Contract Value. We do not assess a withdrawal charge or deduct any Contract fees or expenses other than the m&e
                  charge if you cancel your Contract during the free look period. If you take a withdrawal (including financial adviser fees that you choose to have us pay from this Contract) that is subject to a withdrawal charge and then cancel your
                  Contract during the free look period, we will refund any previously deducted withdrawal charge upon cancellation.
•
do not cancel your Contract during this time, we re-allocate your Contract Value according to your Purchase Payment default instructions after the free look period as follows:
–
if your instructions include the Variable Options, we re-allocate this portion of your Contract Value on the next Business Day after the free look period.
–
if your instructions include the Index Options, we re-allocate this portion of your Contract Value on the Index Effective Date.
In the Contract, the free look provision is also
          called the right to examine.
4.
Valuing Your
            Contract
Your Contract Value is the total of the Variable
          Account Value and all Index Option Values.
Variable Account Value increases when….
Variable Account Value decreases when….
• you add assets to a Variable Option by Purchase Payment or Contract Value transfer, or
• there is positive Variable Option performance
• you take assets out of a Variable Option by withdrawal (including any financial adviser fees that you choose to have us pay from this Contract)
                  or Contract Value transfer,
• there is negative Variable Option performance, or
• we deduct Contract fees and expenses
Contract
fees and
expenses
                  we deduct from the Variable Options include the m&e charge, rider fee, contract maintenance charge, withdrawal charge and transfer fee as described in section 6, Expenses. Financial adviser fees that you choose to have us pay from
                  this Contract are described in section 1, The Contract. Variable Options include Purchase Payments we hold in the AZL Government Money Market Fund before transferring them to your selected Index Options.
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The Variable Options do not provide any protection
          against loss of principal.
You can lose principal and previous earnings you allocate to the Variable Options. These losses can be significant
.
Index Option Values increase when….
Index Option Values decrease when….
• you add assets to an Index Option by Purchase Payment or Contract Value transfer, or
• you receive a positive Credit or Daily Adjustment
• you take assets out of an Index Option by withdrawal (including any financial adviser fees that you choose to have us pay from this Contract) or
                  Contract Value transfer,
• you receive a negative Credit or Daily Adjustment, or
• we deduct Contract fees and expenses
Contract fees and expenses we deduct from the Index Options include the rider fee, contract maintenance charge and withdrawal charge  as described
                  in section 6, Expenses. Financial adviser fees that you choose to have us pay from this Contract are described in section 1, The Contract.
We apply transfers of Contract Value and Purchase
          Payments to the Index Options on the Index Effective Date and Index Anniversaries. We apply Credits to the Index Options on the Term End Dates. Contract expenses are deducted at different times during the Index Year as stated in section 6,
          Expenses. We pay financial adviser fees to your Financial Professional or the Financial Professional's firm upon written request as stated in section 1, The Contract. The Daily Adjustment applies to the Index Precision Strategy, Index Guard
          Strategy, or Index Performance Strategy on any Business Day other than the Term Start Date or the Term End Date.
The Daily Adjustment does not apply to the Index Protection Strategy.
Credits are subject to the applicable Buffer, Floor,
          DPSC, Precision Rate, or Cap
. Positive Credits are not guaranteed and Credits can be zero under all the Index Options. Credits can be negative after application of the 10% Buffer for any Index Option with the
            Index Precision Strategy or Index Performance Strategy, or negative down to the -10% Floor for any Index Option with the Index Guard Strategy.
A negative Performance Credit means that you can lose principal and previous earnings.
These losses can be significant.
We require that the Contract Value after a partial
          withdrawal must be at least $2,000.*
We reserve the right to treat a partial withdrawal that reduces the Contract Value below this minimum as a full withdrawal.
*
Does not apply to RMD payments under our minimum distribution program.
Determining Variable Account Value
The Separate Account holds the assets you allocate
          to the Variable Options, including Purchase Payments held in the AZL Government Money Market Fund before we transfer them to the Index Options. The Separate Account is divided into subaccounts, each of which invests exclusively in the shares of a
          single Variable Option.
We convert amounts you allocate to a Variable
          Option into subaccount accumulation units. Each subaccount's daily price (accumulation unit value) is based on the Variable Option's price. A Variable Option's price is typically determined at the end of each Business Day,
and any Purchase Payment received at or after the end of the current Business Day receives the next Business Day's price
. A Variable Option's price reflects deduction of its operating expenses.
We calculate your Variable Account Value at the end
          of each Business Day by multiplying each subaccount's accumulation unit value by its number of accumulation units, and adding those results together for all subaccounts.
On the Issue Date, the number of accumulation units
          in each subaccount is equal to the amount allocated to the subaccount divided by its accumulation unit value. At the end of each Business Day, the number of subaccount accumulation units:
•
increase
when you add assets to a Variable Option by Purchase Payment or Contract Value transfer, and
•
decrease
when assets are removed from a Variable Option by transfer, withdrawals you request (including any financial adviser fees that you choose to have us pay from
                    this Contract), or when we deduct Contract fees and expenses other than the m&e charge. The m&e charge reduces the subaccount accumulation unit value, not the number of subaccount accumulation units.
We arbitrarily set the initial accumulation unit
          value for each subaccount. At the end of each Business Day, we determine the new accumulation unit value for each subaccount by multiplying the prior Business Day's accumulation unit value by the Variable Option's percentage change in price since
          the prior Business Day. The percentage change in price includes the Variable Option's market performance and the assessed m&e charge.
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Example
•
We receive at our Service Center an additional Purchase Payment of $3,000 from you before the end of the Business Day.
•
When the New York Stock Exchange closes on that Business Day, we determine that the accumulation unit value is $13.25 for the subaccount of your selected Variable Option.
•
We then divide $3,000 by $13.25 and credit your Contract that night with 226.415094 subaccount accumulation units for your selected Variable Option.
Determining Index Option Values
We calculate an Index Option Value for each Index
          Option at the end of each Business Day. Generally, the Index Option Value is equal to the Index Option Base plus any applicable Daily Adjustment. The Daily Adjustment applies to any Index Option with the Index Precision Strategy, Index Guard
          Strategy, or Index Performance Strategy on Business Days other than the Term Start Date or the Term End Date. It does not apply to any Index Option with the Index Protection Strategy. The Daily Adjustment can be positive or negative and is
          discussed later in this section.
On the first Term Start Date, both the Index Option
          Value and the Index Option Base for each of your selected Index Options are initially equal to the amount of:
•
any Purchase Payment received that day which you allocated to that Index Option, and
•
any Contract Value transferred into that Index Option.
At the end of each subsequent Business Day for each
          selected Index Option, we first either apply:
•
the Daily Adjustment if this is not the Term End Date and this is an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, or
•
a Credit if this is the Term End Date.
We calculate Credits as described under
          "Calculating Credits" next in this section and apply them as follows:
•
We multiply each Index Option Base by its Credit and add this amount to its Index Option Base.
•
Then we set each Index Option Value equal to its Index Option Base.
Lastly, we increase and/or decrease each Index
          Option Base and Index Option Value for additional Purchase Payments, transfers, partial withdrawals you take or financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and deductions we make for
          Contract fees and expenses.
•
Additional Purchase Payments received on the Term End Date and allocated to this Index Option, and transfers of Variable Account Value or Index Option Value into this Index Option, increase these values by the dollar amount
                  allocated or transferred.
•
Transfers out of this Index Option reduce these values by the dollar amount removed from the Index Option.
•
Partial withdrawals you take or financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses reduce
                  these values by the dollar amount withdrawn from the Index Option.
–
We deduct partial withdrawals you take or financial adviser fees that you choose to have us pay from this Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses from the Index
                  Options proportionately based on the percentage of Contract Value in each Index Option using values determined at the end of the Business Day before we process the withdrawal or deduct the Contract expense. However, if you specifically
                  direct us to take a partial withdrawal from a specific Index Option we reduce that Index Option Value by the dollar amount you specify (including any withdrawal charge).
–
We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value.
Example
•
Your Contract Value is $100,000 and you selected two Index Options. The first Index Option has an Index Option Value of $75,000 and an Index Option Base of $72,000. The second Index Option has an Index Option Value of
                  $25,000 and an Index Option Base of $22,000. You take a $10,000 partial withdrawal (including any withdrawal charge).
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•
This partial withdrawal reduces your Index Option Value by the percentage of Contract Value in each Index Option (Index Option Value ÷ Contract Value).
–
For the first Index Option this percentage is 75% ($75,000 ÷ $100,000) and the $10,000 partial withdrawal reduces this value by $7,500 ($10,000 x 75%). For the second Index Option this percentage is 25% ($25,000 ÷ $100,000)
                  and the $10,000 partial withdrawal reduces this value by $2,500 ($10,000 x 25%).
•
We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value (amount withdrawn from Index Option Value ÷ Index Option Value).
–
For the first Index Option this percentage is 10% ($7,500 ÷ $75,000) and the $10,000 partial withdrawal reduces this value by $7,200 ($72,000 x 10%). For the second Index Option this percentage is also 10% ($2,500 ÷
                  $25,000) and the $10,000 partial withdrawal reduces this value by $2,200 ($22,000 x 10%).
•
Deductions we make for Contract fees and expenses also reduce these values proportionately in the same way as a partial withdrawal.
First Index Option
Second Index Option
Index Option Value
Index Option Base
Index Option Value
Index Option Base
Prior to partial withdrawal
$ 75,000
$ 72,000
$ 25,000
$ 22,000
$10,000 partial withdrawal
– $7,500
– $7,200
– $2,500
– $2,200
After partial withdrawal
$ 67,500
$ 64,800
$ 22,500
$ 19,800
•
Amounts
                    removed from the Index Options during the Term for partial withdrawals you take (including any financial adviser fees that you choose to have us pay from this Contract) and deductions we make for Contract fees and expenses do not
                    receive a Credit on the Term End Date
. However, the remaining amount in the Index Options is eligible for a Credit on the Term End Date.
•  You cannot specify from which Allocation Option we deduct Contract fees and expenses; we deduct Contract fees and expenses from each Allocation Option proportionately based on the percentage of Contract Value in each Allocation
                  Option. However, you can specify from which Allocation Option we deduct a partial withdrawal and any financial adviser fees that you choose to have us pay from this Contract.
There is no consistent
                    financial advantage to deducting a partial withdrawal from any specific Allocation Option.
Calculating Credits
We base Credits on Index Values and Index Returns.
          We measure Index Values on the Term Start Date and Term End Date using the Index's price at the end of the Business Day as provided by Bloomberg or another market source if Bloomberg is not available. If the Term Start Date or Term End Date is a
          non-Business Day we use the next Business Day's Index price. If you select the EURO STOXX 50
®
, we determine Index Returns without any exchange rate adjustment.
Because we calculate Index Returns only on Term End Dates, the Index Return does not necessarily reflect the highest or lowest Index Values that occurred during the Term.
Crediting Method
If Index Value is less than it was on the
Term Start Date
(i.e., Index Return is negative):
If Index Value is equal to or greater than it was on the Term Start Date
(i.e., Index Return is zero or positive):
Index Protection Strategy
Credit is zero
Credit is equal to the DPSC set on the Term Start Date
Index Precision Strategy
Performance Credit is equal to the negative Index Return in excess of the 10% BufferIf the Index Return is…
• -8%, the Performance Credit is zero.
• -12%, the Performance Credit is -2%.
Performance Credit is equal to the Precision Rate set on the Term Start Date
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Crediting Method
If Index Value is less than it was on the
Term Start Date
(i.e., Index Return is negative):
If Index Value is equal to or greater than it was on the Term Start Date
(i.e., Index Return is zero or positive):
Index Guard Strategy
Performance Credit is equal to the negative Index Return subject to the -10% FloorIf the Index Return is…
• -8%, the Performance Credit is -8%.
• -12%, the Performance Credit is -10%.
Performance Credit is equal to the Index Return up to the Cap set on the Term Start DateAssume the Cap is 8%. If the Index Return is…
• 0%, the Performance Credit is zero.
• 6%, the Performance Credit is 6%.
• 12%, the Performance Credit is 8%.
Index Performance Strategy – 1-year Term
Performance Credit is equal to the negative Index Return in excess of the 10% Buffer.If the Index Return for the year is…
• -8%, the Performance Credit is zero.
• -12%, the Performance Credit is -2%.
Performance Credit is equal to the Index Return up to the Cap set on the Term Start Date
Assume the Cap for the 1-year Term is 8%. If the Index Return for the year is…
• 0%, the Performance Credit is zero.
• 6%, the Performance Credit is 6%.
• 12%, the Performance Credit is 8%.
Index Performance Strategy – 3-year Term
Performance Credit is equal to the negative Index Return in excess of the 10% Buffer.If the Index Return for
                  the year is…
• -8%, the Performance Credit is zero.
• -12%, the Performance Credit is -2%.
Performance Credit is equal to the Index Return up to any Cap set on the Term Start Date
Assume the Cap for the 3-year Term is 80%. If the Index Return for the Term is…
• 0%, the Performance Credit is zero.
• 65%, the Performance Credit is 65%.
• 90%, the Performance Credit is 80%.
If instead, the 3-year Term were uncapped the Performance Credit would be 90%.
Daily Adjustment for the Index Precision Strategy,
          Index Guard Strategy, and Index Performance Strategy
We designed the Daily Adjustment to provide an
          Index Option Value during the Term on days other than the Term Start Date or the Term End Date. The Daily Adjustment can affect the amounts available for withdrawal, annuitization, payment of the death benefit, and the Contract Value used to
          determine the Charge Base and contract maintenance charge. It is discussed in the Summary of the Index Options - What is the Daily Adjustment?; and in Risk Factors – Risk of Negative Returns. The Daily Adjustment formula is described in Appendix
          B and in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This information is incorporated by reference into this prospectus. You can obtain a copy of Exhibit 99(b) by calling (800)
          624-0197, or visiting our website at
allianzlife.com
.
Performance Locks
We must receive a manual Performance Lock request
          in Good Order before the end of the current Business Day to lock an Index Option with the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy on that day. Otherwise the Lock Date will occur on the next Business Day that
          your request is in Good Order. We do not allow Performance Locks to occur on Term End Dates. For requests submitted in writing, we do not consider the request to be received until it arrives at our Service Center.
You (or your Financial Professional, if authorized)
          can request an automatic Performance Lock based on targets you set only through your account on our website. When you establish your account you must provide us with an email address. You can set upper and/or lower targets for each of these Index
          Options each Term.
Setting a target close to the current Index Option Value return may cause a Performance Lock to occur very quickly.
You can change or cancel targets at any time before
          we execute a Performance Lock. Each Index Option's targets automatically expire on the earlier of the Lock Date, or the last Business Day before the Term End Date. You can also "over-ride" a target by requesting a manual Performance Lock before
          the target is reached. We determine if a target is reached using the Index Option Value return determined at the end of the prior Business Day using the prior day's Daily Adjustment. We then execute the Performance Lock using the Index Option
          Value return determined at the end of Business Day on the Lock Date.
By setting targets you are authorizing us to automatically execute a Performance Lock at the end of the Business Day on the
            Lock Date upon which the target is reached, unless you cancel the lock.
We will send an email notice once the Daily Adjustment for an
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Index Option reaches a target. To cancel an automatic Performance
          Lock after a target is reached, we must receive your request in Good Order
before
the end of the Business Day on the Lock Date.
For example, assume the Cap for the Index
          Performance Strategy 1-year Term with the S&P 500
®
Index is 10.25% and you set a target of 9.50%. On a Tuesday, your Index Option Value return (which includes the Daily
          Adjustment) determined at the end of the Business Day is 9.63%. We will send you an email notice and assuming Wednesday is a Business Day, we will execute the Performance Lock on Wednesday (which will be your Lock Date) using the Index Option
          Value return determined at the end of the Business Day. If Wednesday is a non-Business Day, your Lock Date would instead be Thursday (assuming it is a Business Day).
Note that the Index Option
            Value return on the Lock Date could be greater or less than your target of 9.50%, or Tuesday's Index Option Value return of 9.63%.
A Performance Lock can be executed once each Term
          for each of these Index Options. A Performance Lock applies to the total Index Option Value in an Index Option, and not just a portion of that Index Option Value. We use the Daily Adjustment calculated at the end of the current Business Day on
          the Lock Date to determine your locked Index Option Value. This "locked" Index Option Value may be more or less than the "unlocked" Index Option Value that is available for your review on the Lock Date because the unlocked Index Option Value was
          determined at the end of the
prior
Business Day. After the Lock Date, the Index Option Value stays in the locked Index Option for the remainder of the Term, Daily Adjustments do not apply for the remainder
          of the Term and the locked Index Option Value will not receive a Performance Credit on the Term End Date. For example, assume you selected one Index Option and your Index Option Value available for review in your account today is $20,326. If
          before the end of the Business Day you request a Performance Lock, today is your Lock Date. If your Index Option Value at the end of the Business Day is $20,250, you will lock in this $20,250 and it will not change until the next Index
          Anniversary.  However, a locked Index Option Value can decrease if you take a partial withdrawal or when we deduct a Contract fee, expense, or a financial adviser fee that you choose to have us pay from this Contract. On the next Index
          Anniversary that occurs on or immediately after the Lock Date, all locked Index Options will be unlocked, we will transfer the locked Index Option Value according to your instructions, and Daily Adjustments will again apply for the new Term. If
          you do not provide us with transfer instructions, the Index Option Value will remain in the same Index Option with a new Term Start Date.
Performance Locks are not available for any Index Option
            with the Index Protection Strategy.
A Performance Lock can help eliminate doubt about
          future Index performance and possibly limit the impact of a negative Performance Credit you would otherwise receive. Because we transfer assets out of a locked Index Option on the Index Anniversary that occurs on or immediately after the Lock
          Date, executing a Performance Lock can also allow you to transfer assets out of a 3-year Term Index Option before the Term End Date if you execute the lock on or before the second Index Anniversary (or before the end of the
prior
Business Day if the Index Anniversary is a non-Business Day) of the 3-year Term. The disadvantage of executing a Performance Lock is that the relevant Index Value could increase
          by the Term End Date, and you will not participate in that increase. In addition, if you execute a Performance Lock, you may receive less than the full protection of the Buffer or Floor that you would have received if you waited for us to apply
          the Performance Credit on the Term End Date.
Optional Reallocation Program for the 1-year Term
          Index Options
Index Option performance may cause the percentage
          of total Index Option Value in each 1-year Term Index Option to change. Reallocating can help you maintain your selected 1-year Term Index Option allocation percentages. You can direct us to automatically reallocate your 1-year Term Index Option
          Values on each Term End Date (or on the next Business Day if the Term End Date is a non-Business Day) according to your instructions. We must receive your reallocation instructions in Good Order at our Service Center before the end of the
          Business Day we reallocate. We reserve the right to discontinue or modify the optional reallocation program at any time and for any reason. To end this program, we must receive your request at our Service Center before the end of the last
          Business Day immediately before the Term End Date.
You cannot participate in the Optional Reallocation Program if you select a 3-year Term Index Option.
If you are
                    participating in this program and select a 3-year Term Index Option, on the Term Start Date your participation in this program ends and we will not reallocate your 1-year Term Index Option Values.
5.
Variable
            Options
Information regarding each Variable Option, including
          its (i) name, (ii) investment objectives, (iii) investment adviser and any subadviser, (iv) current expenses, and (v) performance is available in Appendix H – Variable Options Available Under the Contract. Each Variable Option has issued a
          prospectus that contains more detailed
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information about the Variable Option. You should read the
          prospectuses for the Variable Options carefully before investing. The Variable Options' prospectuses and other information can be found online at
allianzlife.com/variableoptions
. You
          can also request this information at no cost by calling (800) 624-0197, by sending an email request to contact.us@allianzlife.com, or by contacting your Financial Professional.
There are potential risks associated with this
          Contract's Variable Options and their investment strategies. Depending on market conditions, you can gain or lose value by investing in the Variable Options. In the future, we may add, eliminate or substitute Variable Options to the extent
          permitted by the federal securities laws and, when required, the SEC.
Currently, the Variable Options are not publicly
          available mutual funds. They are available only as Variable Options in variable annuity contracts or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or
          retirement plans. A material conflict of interest may arise between insurance companies, owners of different types of contracts, and retirement plans or their participants. Each Variable Option's Board of Directors monitors for material
          conflicts, and determines what action, if any, should be taken to address any conflicts.
The names, investment objectives and policies of
          certain Variable Options may be similar to the names, investment objectives and policies of other portfolios managed by the same investment advisers. Although the names, objectives and policies may be similar, the Variable Options' investment
          results may be higher or lower than these other portfolios' results. The investment advisers cannot guarantee, and make no representation, that these similar funds' investment results will be comparable even though the Variable Options have the
          same names, investment advisers, objectives, and policies.
Each Variable Option offered by the Allianz
          Variable Insurance Products Fund of Funds Trust (Allianz VIP Fund of Funds Trust) is a "fund of funds" and diversifies its assets by investing primarily in shares of several other affiliated mutual funds.
The Variable Options may pay 12b-1 fees to the
          Contracts' distributor, our affiliate, Allianz Life Financial Services, LLC, for distribution and/or administrative services. In addition, we may enter into certain arrangements under which we, or Allianz Life Financial Services, LLC, are
          compensated by the Variable Options' advisers, distributors and/or affiliates for administrative services and benefits we provide to these Variable Options. The compensation amount usually is based on the Variable Options' aggregate assets
          purchased through contracts we issue or administer. Some advisers may pay us more or less than others. The maximum service fee we currently receive from any variable investment option in any variable annuity contract we offer is 0.35% annually of
          the average aggregate amount invested by us in the variable investment options.
The Allianz VIP Fund of Funds Trust underlying
          funds do not pay 12b-1 fees or service fees to the Trust, and the Trust does not charge 12b-1 fees or service fees. The Allianz VIP Fund of Funds Trust underlying funds or their advisers may pay service fees to us and our affiliates for providing
          customer service and other administrative services to you. Service fees may vary depending on the underlying fund.
We offer other variable annuity contracts that may
          invest in these Variable Options. These contracts may have different charges and may offer different benefits more appropriate to your needs. For more information about these contracts, please contact our Service Center.
Allianz Investment Management LLC, the Variable
          Options' investment adviser, is affiliated with us through common ownership.
Substitution of Variable Options and Limitation on
          Further Investments
We may substitute another Variable Option for one
          of your selected Variable Options, for any reason in our sole discretion. To the extent required by the Investment Company Act of 1940 or other applicable law, we do not substitute any shares without SEC approval and providing you notice. We may
          make substitutions with respect to your existing allocations, future Purchase Payment allocations, or both. New or substitute Variable Options may have different fees and expenses, and their availability may be limited to certain purchaser
          classes. We may limit further Variable Option allocations if marketing, tax or investment considerations warrant, or for any reason in our sole discretion. We may also close Variable Options to additional allocations. The fund companies that sell
          Variable Option shares to us, pursuant to participation agreements, may end those agreements and discontinue offering us their shares.
Transfers Between Variable Options
You can transfer Variable Account Value among the
          Variable Options on any Business Day, subject to the following restrictions. Currently, there is no maximum number of transfers allowed, but we may change this in the future. Transfers may be subject to a transfer fee as stated in section 6,
          Expenses.
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The following applies to any transfer.
•
Your request for a transfer must clearly state the Variable Options involved and how much to transfer.
•
Your right to make transfers is subject to the Excessive Trading and Market Timing policy discussed later in this section.
•
Variable Account Value transfers between Variable Options do not change your Purchase Payment default instructions.
Any amount held in the AZL Government Money Market
          Fund that is set to be allocated to an Index Option on the Index Effective Date or an Index Anniversary will not be transferred to the Index Option if it is transferred to another Variable Option.
We process transfer requests based on prices next
          determined after we receive your request in Good Order at our Service Center. If we do not receive your transfer request
before
the end of the
current
Business Day,
          even if due to our delay in answering your call or a delay caused by our electronic systems, you receive the
next
Business Day's prices. For jointly owned Contracts, unless you require us to obtain
          signatures from both Joint Owners, we accept transfer instructions from any Joint Owner. We may also allow you to authorize someone else to request transfers on your behalf.
Electronic Transfer and Allocation Instructions
We use reasonable procedures to confirm that
          electronic transfer request or allocation instructions given to us are genuine. If we do not use such procedures, we may be liable for any losses due to unauthorized or fraudulent instructions. We record telephone instructions and log all fax,
          email and website instructions. We reserve the right to deny any transfer request or allocation instruction change, and to discontinue or modify our electronic instruction privileges at any time for any reason.
Please note that telephone, fax, email and/or the
          website may not always be available. Any electronic system, whether it is ours, yours, your service provider's, or your Financial Professional's, can experience outages or slowdowns for a variety of reasons, which may delay or prevent our
          processing of your transfer request or allocation instruction change. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability. If you are experiencing problems, you should submit your
          instructions in writing to our Service Center.
By authorizing electronic instructions, you
          authorize us to accept and act upon these instructions for your Contract. There are risks associated with electronic communications that do not occur with a written request. Anyone authorizing or making such requests bears those risks. You should
          protect your website password, because the website is available to anyone with your password; we cannot verify that the person providing instructions on the website is you, or is authorized by you.
Excessive Trading and Market Timing
We discourage and do not accommodate frequent
          transfers. We may restrict or modify your right to make transfers to prevent any use that we consider to be part of a market timing program.
Frequent transfers, programmed transfers, transfers
          into and then out of a Variable Option in a short period of time, and transfers of large amounts at one time (collectively referred to as "potentially disruptive trading") may have harmful effects for other Owners, Annuitants and Beneficiaries.
          These risks and harmful effects include the following.
•
Dilution of the interests of long-term investors in a Variable Option, if market timers or others transfer into a Variable Option at prices that are below their true value, or transfer out at prices above their true value.
•
An adverse effect on portfolio management, such as causing a Variable Option to maintain a higher level of cash or causing a Variable Option to liquidate investments prematurely.
•
Increased brokerage and administrative expenses.
We attempt to protect our Owners and the Variable
          Options from potentially disruptive trading through our Excessive Trading and Market Timing policies and procedures. Under these policies and procedures, we may modify your transfer privileges for some or all of the Variable Options as follows:
•
Limit transfer frequency (for example, prohibit more than one transfer a week, or more than two a month, etc.).
•
Restrict the transfer method (for example, requiring all transfers be sent by first-class U.S. mail and rescinding electronic transfer privileges).
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•
Require a minimum time period between each transfer into or out of the same Variable Option. Our current Excessive Trading and Market Timing policy, which is subject to change without notice, prohibits "round trips" within
                  14 calendar days. We do not include transfers into and/or out of the AZL Government Money Market Fund when available in your Contract or any automatic transfers made under any of our programs or Contract features. Round trips are
                  transfers into and back out of the same Variable Option, or transfers out of and back into the same Variable Option.
•
Refuse transfer requests made on your behalf by an asset allocation and/or market timing service.
•
Limit the dollar amount of any single Purchase Payment or transfer request to a Variable Option.
•
Prohibit transfers into specific Variable Options.
•
Impose other limitations or restrictions to the extent permitted by federal securities laws.
We also reserve the right to reject any specific
          Purchase Payment allocation or transfer request from any person if in the investment adviser's, subadviser's or our judgment, a Variable Option may be unable to invest effectively in accordance with its investment objectives and policies. This
          could occur, for example, where frequent or rapid trading causes the investment adviser to hold an excess of uninvested cash to meet redemption requests, or to sell investment positions to fund redemptions, thereby affecting Variable Option
          returns. Similarly, rapid or frequent trading may cause a Variable Option to incur excessive transaction fees, which also could affect performance.
We retain some discretion in determining what
          actions constitute potentially disruptive trading and in determining when and how to impose trading restrictions. Currently, we attempt to
deter
disruptive trading as follows. If a transfer(s) is/are
          identified as potentially disruptive trading, we may (but are not required to) send a warning letter. If the conduct continues and we determine it constitutes disruptive trading, we also impose transfer restrictions. Transfer restrictions may
          include refusing electronic transfers and requiring all transfers be sent by first-class U.S. mail. If the disruptive trading affects only a single Variable Option, we may prohibit transfers into or Purchase Payment allocations to that Variable
          Option. We do not enter into agreements permitting market timing and would not permit activities determined to be disruptive trading to continue. We also reserve the right to impose transfer restrictions if we determine, in our sole discretion,
          that transfers disadvantage other Owners. We notify you in writing if we impose transfer restrictions on you.
We adopted these policies and procedures as a
          preventative measure to protect all Owners from the potential effects of disruptive trading, while also abiding by your legitimate interest in diversifying your investment and making periodic asset re-allocations based on your personal situation
          or overall market conditions. We attempt to protect your interests in making legitimate transfers by providing reasonable and convenient transfer methods that do not harm other Owners.
We may make exceptions when imposing transfer
          restrictions if we determine a transfer is appropriate, although it may technically violate our policies and procedures discussed here. In determining if a transfer is appropriate, we may, but are not required to, take into consideration its
          relative size, whether it was purely a defensive transfer into the AZL Government Money Market Fund, and whether it involved an error or similar event. We may also reinstate electronic transfer privileges after we revoke them, but we do not
          reinstate these privileges if we believe they might be used for future disruptive trading.
We cannot guarantee the following.
•
Our monitoring will be 100% successful in detecting all potentially disruptive trading activity.
•
Revoking electronic transfer privileges will successfully deter all potentially disruptive trading.
In addition, some of the Variable Options are
          available to other insurance companies and we do not know if they adopted policies and procedures to detect and deter potentially disruptive trading, or what their policies and procedures might be. Because we may not be completely successful at
          detecting and preventing market timing activities, and other insurance companies that offer the Variable Options may not have adopted adequate market timing procedures, there is some risk that market timing activity may occur and negatively
          affect other Owners.
We may, without prior notice to any party, take
          whatever action we deem appropriate to comply with any state or federal regulatory requirement. In addition, purchase orders for a Variable Option's shares are subject to acceptance by that Variable Option's manager. We reserve the right to
          reject, without prior notice, any Variable Option transfer request or Purchase Payment if the purchase order is rejected by the investment manager. We have entered into agreements required under SEC Rule 22c-2 (Rule 22c-2 agreements) whereby,
          upon request by an underlying fund or its designee, we must provide information about you and your trading activities to the underlying fund or its designee. Under the terms of the Rule 22c-2 agreements, we are required to: (1) provide details
          concerning every purchase, redemption, transfer, or exchange of Variable Options during a specified period; and (2) restrict your trading activity if the party receiving the
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information so requests. Under certain Rule 22c-2 agreements, if
          we fail to comply with a request to restrict trading activity, the underlying fund or its designee may refuse to accept buy orders from us until we comply.
Variable Options may add or change policies
          designed to restrict market timing activities. For example, Variable Options may impose restrictions on transfers between Variable Options in an affiliated group if the investment adviser to one or more of the Variable Options determines that the
          person requesting the transfer has engaged, or is engaging in, market timing or other abusive trading activities. In addition, a Variable Option may impose a short-term trading fee on purchases and sales within a specified period. You should
          review the Variable Options' prospectuses regarding any applicable transfer restrictions and the imposition of any fee to discourage short-term trading. The imposition of these restrictions would occur as a result of Variable Option restrictions
          and actions taken by the Variable Options' managers.
This Contract is not designed for professional market timing organizations, or other persons using programmed, large, or frequent transfers, and we may restrict
                  excessive or inappropriate transfer activity.
The retention of some level of discretion by us may
          result in disparate treatment among persons engaging in potentially disruptive trading, and it is possible that some persons could experience adverse consequences if others are able to engage in potentially disruptive trading practices that have
          negative effects.
Voting Privileges
We legally own the Variable Option shares. However,
          when a Variable Option holds a shareholder vote that affects your investment, we ask you to give us voting instructions. We then vote all of our shares, including any we own on our behalf, in proportion to those instructions. Because most Owners
          do not give us instructions and we vote shares proportionally, a small number of Owners may determine a vote's outcome. If we determine we no longer need to get your voting instructions, we will decide how to vote the shares. Only Owners have
          voting privileges. Annuitants, Beneficiaries, Payees and other persons have no voting privileges unless they are also Owners.
We determine your voting interest in a Variable
          Option as follows:
•
You can provide voting instructions based on the dollar value of the Variable Option's shares in your Contract's subaccount. We calculate this value based on the number and value of accumulation units for your Contract on
                  the record date. We count fractional units.
•
You receive proxy materials and a voting instruction form.
6.
Expenses
Contract fees and expenses reduce your investment
          return and are described here in detail. We set the Contract fees and expenses on the Issue Date and they cannot change.
Base Contract Expenses (Mortality and Expense Risk
          (M&E) Charge)
In your Contract, the base contract expense is
          referred to as the "mortality and expense risk charge" or "M&E charge". The m&e charge compensates us for providing all your Contract's benefits, including our contractual obligation to make Annuity Payments and certain Contract and
          distribution expenses. The m&e charge also compensates us for assuming the expense risk that the current charge is less than future Contract administration costs as well as the cost of providing certain features under the Contract. If the
          m&e charge covers these costs and risks, any excess is profit to us. We anticipate making such a profit.
Base Contract Expenses
(as a percentage of the
Charge Base)
Mortality and Expense Risk (m&e) charge
(1)
1.25%
(1)
Upon the death of the Owner, we continue to assess this m&e charge for amounts allocated to the Variable Options under death benefit payment Option B, and with optional payments under death benefit payment Option C, as
                  noted in section 10, Death Benefit.
The m&e charge is an annualized rate that
          reduces the net asset value that we use to calculate each subaccount's accumulation unit value on each Business Day during the Accumulation Phase. The net asset value is the price of an underlying Variable Option. We do not assess the m&e
          charge against the Index Options, or during the Annuity Phase.
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Optional Benefit Additional Rider Fee
Maximum Anniversary Value Death Benefit
If you have the Maximum Anniversary Value Death
          Benefit, we deduct an additional rider fee from your Contract Value quarterly during the Accumulation Phase while your benefit is in effect. The additional rider fee is 0.20% as a percentage of the Charge Base. We no longer assess the 0.20%
          additional rider fee once we receive either the first Valid Claim from any one Beneficiary, or due proof of a Determining Life's death if you and the Determining Life are different individuals and the Determining Life predeceases you. We deduct
          the final accrued additional rider fee before calculating the death benefit. The additional rider fee compensates us for the risks we assume under the Maximum Anniversary Value Death Benefit.
When calculating the Maximum Anniversary Value, we deduct all Contract fees and expenses on the Index Anniversary (including the accrued product and rider fees if
                  this is also a Quarterly Contract Anniversary) before we capture any annual investment gains.
The rider fee is an annualized rate that we
          calculate and accrue on a daily basis as a percentage of the Charge Base during the Accumulation Phase as follows.
Issue Date
Non-Quarterly Contract Anniversaries
Quarterly Contract Anniversaries*
• The Charge Base is equal to your initial Purchase Payment.• We begin calculating and accruing the daily rider
                  fee
on the day after the Issue Date.
• First we calculate and accrue the daily rider fee using the Charge Base. If this is a non-Business Day we use the Charge Base from the end of
                  the prior Business Day.• Then if this is a Business Day we increase/decrease the Charge Base as follows.
– If we receive an additional Purchase Payment, we increase the Charge Base by the dollar amount we receive.
– If you take a partial withdrawal or choose to have us pay financial adviser fees from this Contract, or we deduct Contract fees and expenses, we decrease the Charge Base by the percentage of Contract Value withdrawn (including any
                  withdrawal charge). All withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals.
• First we process all daily transactions and determine your Contract Value. Daily transactions include any gains/losses due to Variable Option
                  performance or application of any Daily Adjustment (or Credit if this is also the Term End Date), any additional Purchase Payment, any partial withdrawals you take or financial adviser fees that you choose to have us pay from this
                  Contract (including any withdrawal charge), and deductions we make for Contract fees and expenses
(including deduction of the accrued daily rider fee for the prior quarter).
All
                  partial withdrawals you take reduce the Charge Base, even Penalty-Free Withdrawals.
– We deduct the accrued rider fee for the prior quarter on a dollar for dollar basis from the Contract Value, and proportionately from each Allocation Option.• Then we set the Charge Base equal to this Contract Value and we calculate and
                  accrue the
next quarter's
daily rider fee using the newly set Charge Base.
*  Or the next Business
                    Day if the Quarterly Contract Anniversary is a non-Business Day.
Example:
Contract Value is $125,000; Charge Base is $127,000; a $10,000 partial withdrawal
                    (including any withdrawal charge) would decrease the Charge Base by $10,160. [($10,000 ÷ $125,000) x $127,000]
Any increase/decrease to the Charge Base will increase/decrease the daily rider fee we calculate and accrue
on the next day.
Examples of how we calculate the rider fee are included in Appendix E.
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Contract Maintenance Charge (Administrative
          Expenses)
Your annual contract maintenance charge is $50.
          This charge is for Contract administration and maintenance expenses. We waive this charge as follows:
•
During the Accumulation Phase, if the total Contract Value for all Index Advantage NF
®
Contracts you own is at least $100,000 at the end of the last
                  Business Day before the Contract Anniversary, or if the Contract Value for this single Index Advantage NF
®
Contract is at least $100,000 on the Contract Anniversary.
                  We determine the total Contract Value for all individually owned Index Advantage NF
®
Contracts by using the Owner's social security number, and for non-individually
                  owned Index Advantage NF
®
Contracts we use the Annuitant's social security number.
•
During the Annuity Phase if the total Contract Value for all Index Advantage NF
®
Contracts on the last Business Day before the Annuity Date is at least
                  $100,000.
•
When paying death benefits.
During the Accumulation Phase, we deduct the
          contract maintenance charge:
•
on a dollar for dollar basis from the Contract Value on the Contract Anniversary (or the next Business Day if the Contract Anniversary is a non-Business Day), and
•
we deduct it proportionately from each Allocation Option.
If you take a full withdrawal from your Contract
          (other than on a Contract Anniversary), we deduct the full contract maintenance charge. We do not treat the deduction of the contract maintenance charge as a withdrawal when computing your Guaranteed Death Benefit Value. During the Annuity Phase,
          we deduct the contract maintenance charge proportionately from each Annuity Payment (e.g., if you request semi-annual Annuity Payments we deduct 50% of the contract maintenance charge from each Annuity Payment).
Withdrawal Charge
You can take withdrawals during the Accumulation
          Phase. A withdrawal charge applies if any part of a withdrawal comes from a Purchase Payment that is still within the withdrawal charge period. We assess the withdrawal charge against the Withdrawal Charge Basis, which is equal to total Purchase
          Payments, less any Purchase Payments withdrawn (excluding any Penalty-Free Withdrawals), and less any applicable withdrawal charge. We do not reduce the Withdrawal Charge Basis for any amounts we deduct to pay other Contract fees and expenses.
We do not assess a withdrawal charge on Penalty-Free
          Withdrawals or amounts we deduct to pay Contract expenses, other than the withdrawal charge. However, any amounts used to pay a withdrawal charge are subject to a withdrawal charge.
Amounts withdrawn to pay
            financial adviser fees are subject to a withdrawal charge if they exceed the free withdrawal privilege, and will reduce the Contract Value and Guaranteed Death Benefit Value
(perhaps significantly)
.
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Calculating a Withdrawal Charge
Example
For purposes of calculating any withdrawal charge, we withdraw Purchase Payments on a "first-in-first-out" (FIFO) basis and we process withdrawal requests as
                  follows.
You make an initial Purchase Payment of $30,000 and make another Purchase Payment in the first month of the second Contract Year of $70,000. In the third month of
                  the third Contract Year, your Contract Value is $110,000 and you request a $52,000 withdrawal. We withdraw money and compute the withdrawal charge as follows.
1.  First we withdraw from Purchase Payments that we have had for six or more complete years, which is your Contract's withdrawal charge period. This withdrawal is
                  not subject to a withdrawal charge and it reduces the Withdrawal Charge Basis dollar for dollar.
1
.  Purchase Payments beyond the withdrawal charge period.
All payments are still
                  within the withdrawal charge period, so this does not apply.
2.  Amounts available as a Penalty-Free Withdrawal. This includes partial withdrawals you take during the Accumulation Phase under the free withdrawal privilege or
                  waiver of withdrawal charge benefit, and RMD payments you take under our minimum distribution program. Penalty-Free Withdrawals are not subject to a withdrawal charge, and they do not reduce the Withdrawal Charge Basis.
2
.  Amounts available as a Penalty-Free Withdrawal.
You did not take any other
                  withdrawals this year, so the entire free withdrawal privilege (10% of your total Purchase Payments, or $10,000) is available to you without incurring a withdrawal charge.
3.  Next, on a FIFO basis, we withdraw from Purchase Payments within your Contract's withdrawal charge period and assess a withdrawal charge. Withdrawing payments
                  on a FIFO basis may help reduce the total withdrawal charge because the charge declines over time. We determine your total withdrawal charge by multiplying each payment by its applicable withdrawal charge percentage and then totaling the
                  charges. These withdrawals reduce the Withdrawal Charge Basis.
The withdrawal charge as a percentage of each Purchase Payment withdrawn is as follows.
3
.  Purchase Payments within the withdrawal charge period on a FIFO basis.
The total amount we withdraw
                  from the first Purchase Payment is $30,000, which is subject to a 7% withdrawal charge, and you receive $27,900. We determine this amount as follows:
(
amount withdrawn) x (1 – withdrawal charge) = the amount you receive, or:
$30,000 x 0.93 = $27,900
Next we withdraw from the second Purchase Payment.
So far, you received $37,900 ($10,000 under the free withdrawal privilege and $27,900 from the first Purchase Payment which is now reduced to zero), so we withdraw $14,100 from the second Purchase Payment to equal the $52,000 you
                  requested. The second Purchase Payment is subject to an 8% withdrawal charge. We calculate the total amount withdrawn and its withdrawal charge as follows:
(the amount you receive) ÷ (1 – withdrawal charge) = amount withdrawn, or:
$14,100 ÷ 0.92 = $15,326.
Number of Complete Years
Since Purchase Payment
Withdrawal Charge
Amount
0
1
2
3
4
5
6 years or more
8.5%
8%
7%
6%
5%
4%
0%
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Calculating a Withdrawal Charge
Example
4.  Finally we withdraw any Contract earnings. This withdrawal is not subject to a withdrawal charge and it does
                  not reduce the Withdrawal Charge Basis.
4.
Contract earnings.
We already withdrew your requested amount, so this does not apply.
In total we withdrew $55,326 from your Contract, of which you received $52,000 and paid a withdrawal charge of $3,326. We also reduced the 1st Purchase Payment from $30,000 to $0, and your 2nd Purchase
                    Payment from $70,000 to $54,674 ($70,000 - $15,326).
Upon a full withdrawal, we first deduct any final
          rider fee and contract maintenance charge from your Contract Value before we calculate the withdrawal charge. We then deduct any applicable withdrawal charge from the total remaining Contract Value and send you the remaining amount. For a partial
          withdrawal we pay you the amount you requested and deduct this amount and any withdrawal charge from the total Contract Value. We deduct any partial withdrawal (including any withdrawal charge) proportionately from each Allocation Option unless
          you provide us with alternate instructions. If a partial withdrawal occurs on a day that we also deduct the rider fee, and/or contract maintenance charge, we deduct these fees and expenses before we calculate and deduct the partial withdrawal and
          any withdrawal charge from the Contract Value.
The withdrawal charge compensates us for expenses
          associated with selling the Contract.
Reduction or Elimination of the Withdrawal Charge
We may reduce or eliminate the withdrawal charge
          when the Contract is sold under circumstances that reduce its sales expenses. We will implement this withdrawal charge reduction or elimination in a nondiscriminatory manner. For example, if a large group of individuals purchases Contracts or if
          a prospective purchaser already has a relationship with us. We may choose not to deduct a withdrawal charge under a Contract issued to an officer, director, or employee of Allianz Life or any of its affiliates. Also, we may reduce or eliminate
          the withdrawal charge when a Contract is sold by a Financial Professional appointed with Allianz Life to any members of his or her immediate family and the Financial Professional waives their commission. We must pre-approve any withdrawal charge
          reduction or elimination.
•  Upon a full withdrawal the free
                  withdrawal privilege is not available to you, and we apply a withdrawal charge against Purchase Payments that are still within the withdrawal charge period, including amounts previously withdrawn under the free withdrawal privilege.
On a full withdrawal your Withdrawal Charge Basis may be greater than your Contract Value because the following reduce your Contract Value, but do not reduce your Withdrawal Charge Basis:
–
prior Penalty-Free Withdrawals,
–
deductions we make for Contract fees and expenses other than the withdrawal charge, and/or
–
poor performance.
This also means that upon a full withdrawal you may not receive any money.
•  Withdrawals (including any
                  financial adviser fees that you choose to have us pay from this Contract)
may also be subject to
ordinary income taxes, and a 10% additional federal tax if you are
                    under age 59
1
⁄
2
, and the amount of Contract Value
                    available for withdrawal may be affected by the Daily Adjustment
(which can be negative). Please consult with your Financial Professional before requesting us to pay financial
                    adviser fees from this Contract compared to other assets you may have.
•  For tax purposes in most instances, withdrawals from Non-Qualified Contracts are considered to come from earnings first, not Purchase Payments.
Transfer Fee
The first twelve transfers between Variable Options
          every Contract Year are free. After that, we deduct a $25 transfer fee for each additional transfer. We count all transfers made in the same Business Day as one transfer. We do not count transfers between the Variable Options and Index Options or
          reallocation of Index Option Value among the Index Options against the free transfers we allow and these transfers are not subject to a transfer fee. The transfer fee continues to apply under death benefit payment Option B, and with optional
          payments under death benefit payment Option C as noted in section 10, Death Benefit.
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We deduct the transfer fee on a dollar for dollar
          basis from the amount of Variable Account Value being transferred before allocating the remaining Variable Account Value to your selected Variable Options. We do not treat the deduction of the transfer fee as a withdrawal when computing the
          Guaranteed Death Benefit Value under the Traditional Death Benefit.
Daily Adjustment Maximum Potential Loss
The Daily Adjustment is how we calculate Index
          Option Values on days other than the Term Start Date or Term End Date for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. The Daily Adjustment approximates the Index Option Value that
          will be available on the Term End Date. If before the Term End Date you take a full or partial withdrawal (including any financial adviser fees that you choose to have us pay from this Contract), execute a Performance Lock, annuitize the
          Contract, we pay a death benefit, or when we deduct Contract fees and expenses, we calculate the Index Option Value by applying the Daily Adjustment. The Daily Adjustment can be positive or negative. Following is the maximum potential loss
          associated with the Daily Adjustment.
Index Precision Strategy
and
Index Performance Strategy
Index Guard Strategy
Daily Adjustment Maximum Potential Loss
99%
35%
(as a percentage of Index Option Value, applies for distributions from an Index Option before any Term End Date)
Premium Tax
Premium tax is based on your state of residence at
          the time you make each Purchase Payment. In states that assess a premium tax, we do not currently deduct it from the Contract, although we reserve the right to do so in the future. Premium tax normally ranges from 0% to 3.5% of the Purchase
          Payment, depending on the state or governmental entity.
Income Tax
Currently, we do not deduct any Contract related
          income tax we incur, although we reserve the right to do so in the future.
Variable Option Expenses
Charges deducted from and expenses paid out of the
          assets of the Variable Options are described in the Variable Options' prospectuses.
These expenses reduce the Variable Options'
          performance and, therefore, negatively affect your Contract Value and any payments based on Contract Value.
7.
Access to
            Your Money
Your Contract Value is available under the
          following circumstances:
•
by taking a withdrawal (including financial adviser fees that you choose to have us pay from this Contract; withdrawals under the free withdrawal privilege, systematic withdrawal program, and waiver of withdrawal charge
                  benefit; and for Qualified Contracts only, RMD payments under our minimum distribution program);
•
by taking Annuity Payments; or
•
when we pay a death benefit.
You can take withdrawals during the Accumulation
          Phase. We process withdrawal requests based on values next determined after receipt of the request in Good Order at our Service Center. Values are normally determined at the end of each Business Day. We process any withdrawal request received at
          or after the end of the current Business Day using values determined on the next Business Day.
Any partial withdrawal must be for at least $100.*
          The Contract Value after a partial withdrawal must be at least $2,000.*
We reserve the right to treat a partial withdrawal that reduces the Contract Value below this minimum as a full withdrawal.
*
Does not apply to RMD payments under our minimum distribution program.
We deduct any partial withdrawal (including any
          withdrawal charge) proportionately from each Allocation Option unless you provide us with alternate instructions. The Index Option Value from which a partial withdrawal is deducted during a Term will include any applicable Daily Adjustment.
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When you take a full withdrawal of the Contract
          Value we process your request on the Business Day we receive it in Good Order at our Service Center as follows:
•
total Contract Value including any Daily Adjustment,
•
less any final rider fee and contract maintenance charge, and
•
less any withdrawal charge.
See the Fee Tables and section 6, Expenses for a
          discussion of the Contract fees and expenses.
We pay withdrawals promptly, but in no event later
          than seven days after receipt of your request in Good Order at our Service Center, unless the suspension of payments or transfers provision is in effect (see the discussion later in this section).
•  Withdrawals may be subject to a
                  withdrawal charge, state and federal taxation, and a 10% additional federal tax if you are under age 59
1
⁄
2
, and
                  the amount of Contract Value available for withdrawal may be affected by the Daily Adjustment
(which can be negative)
.
Please
                    consult with your Financial Professional before requesting us to pay financial adviser fees from this Contract compared to other assets you may have.
•
Joint
                    Owners:
We send one check payable to both Joint Owners and tax report each Joint Owner individually.
Tax reporting each Joint Owner individually can create a discrepancy in
                    taxation if only one Joint Owner is under age 59
1
⁄
2
because that Joint Owner will be subject to the 10% additional federal tax.
•  We may be required to provide information about you or your Contract to government regulators. We may also be required to stop Contract disbursements and thereby refuse any transfer requests, and refuse to pay any withdrawals
                  (including a full withdrawal), or death benefits until we receive instructions from the appropriate regulator. If, pursuant to SEC rules, the AZL Government Money Market Fund suspends payment of redemption proceeds in connection with a
                  fund liquidation, we will delay payment of any transfer, full or partial withdrawal, or death benefit from the AZL Government Money Market Fund subaccount until the fund is liquidated.
Free Withdrawal Privilege
Each Contract Year during the Accumulation Phase,
          you can withdraw up to 10% of your total Purchase Payments without incurring a withdrawal charge (the free withdrawal privilege). Any unused free withdrawal privilege in one Contract Year is not added to the amount available to you in the next
          Contract Year. Withdrawals from Purchase Payments that are outside the six year withdrawal charge period are not subject to a withdrawal charge and do not reduce your free withdrawal privilege. RMD payments you take under our minimum distribution
          program and withdrawals under the waiver of withdrawal charge benefit are not subject to a withdrawal charge, but do reduce your free withdrawal privilege. Amounts we deduct for any financial adviser fees that you choose to have us pay from this
          Contract also reduce your free withdrawal privilege.
Example
Assume your initial Purchase Payment 10 years ago
          was $90,000, and you made a second $100,000 Purchase Payment 3 years ago. You take a RMD payment of $1,500 and withdraw $150,000 when the Contract Value is $275,000. The RMD payment is not subject to a withdrawal charge, but reduces the amount
          available under the free withdrawal privilege to $17,500 (10% x $190,000 total Purchase Payments = $19,000 - $1,500 RMD payment). After the RMD payment, $107,500 is available to you without a withdrawal charge: the initial $90,000 Purchase
          Payment that is beyond the 6-year withdrawal charge period, and $17,500 remaining free withdrawal privilege. The remaining $42,500 of your requested withdrawal would be subject to a 7% withdrawal charge.
The free withdrawal privilege is not available upon a full withdrawal.
Systematic Withdrawal Program
The systematic withdrawal program can provide
          automatic withdrawal payments to you during the Accumulation Phase. You can request to receive these withdrawal payments monthly, quarterly, semi-annually or annually. However, if your Contract Value is less than $25,000, we only make annual
          payments. The minimum amount you can withdraw under this program is $100 and there is no maximum. During the withdrawal charge period (if applicable), systematic withdrawals in excess of the free withdrawal privilege are subject to a withdrawal
          charge. We make systematic withdrawals on the ninth of the month, or the next Business Day if the ninth is a non-Business Day. We must receive your systematic withdrawal program form instructions in Good Order at our Service Center before the end
          of the Business Day before we process these
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withdrawals, or your program does not begin until the next month.
          This program ends at the earlier of your request, or when you withdraw your total Contract Value. However, we reserve the right to discontinue or modify the systematic withdrawal program at any time and for any reason.
•
Ordinary
                    income taxes and tax penalties may apply to systematic withdrawals.
•
The systematic withdrawal program is not available while you are receiving RMD payments.
Minimum Distribution Program and Required Minimum
          Distribution (RMD) Payments
If you own an IRA or SEP IRA Contract, you can
          participate in the minimum distribution program during the Accumulation Phase. If you have an Inherited IRA Contract or Inherited IRA Roth Contract we generally require you to participate in the minimum distribution program when you purchase this
          Contract. Under this program, we make payments to you designed to meet the applicable minimum distribution requirements imposed by the Code for this Qualified Contract. RMD payments are not subject to a withdrawal charge, but they reduce the free
          withdrawal privilege amount during the Contract Year. We do not consider deductions we make for financial adviser fees that you choose to have us pay from this Contract to be RMD payments. However, Contract Value is one of the components we use
          to calculate RMD payments, so these deductions may reduce your RMD payments. We apply the Daily Adjustment if RMD payments are deducted from the Index Options on days other than the Term End Date. We can make payments to you on a monthly,
          quarterly, semi-annually or annually. However, if your Contract Value is less than $25,000, we only make annual payments. You cannot aggregate RMD payments between this Contract and other qualified contracts that you own. We make RMD payments on
          the ninth of the month, or the next Business Day if the ninth is a non-Business Day. We must receive your program form instructions in Good Order at our Service Center before the end of the Business Day before we process these payments, or your
          program does not begin until the next month.
We reserve the right to discontinue or modify the
          minimum distribution program subject to the requirements of law.
•
You
                    should consult a tax adviser before purchasing a Qualified Contract that is subject to RMD payments.
•
The minimum distribution program is not available while you are receiving systematic withdrawals.
Waiver of Withdrawal Charge Benefit
After the first Contract Year, if any Owner becomes
          confined to a nursing home for a period of at least 90 consecutive days and a physician certifies that continued confinement is necessary, you can take withdrawals and we waive the withdrawal charge. We apply the Daily Adjustment if withdrawals
          are deducted from the Index Options on days other than the Term End Date. This waiver is not available if any Owner was confined to a nursing home on the Issue Date. We base this benefit on the Annuitant for non-individually owned Contracts. We
          must receive proof of confinement in Good Order for each withdrawal before we waive the withdrawal charge. Withdrawals under this benefit reduce the free withdrawal privilege amount during the Contract Year.
Suspension of Payments or Transfers
We may be required to suspend or postpone transfers
          or payments for withdrawals for more than seven days after receipt of your request in Good Order at our Service Center, for any period when:
•
the New York Stock Exchange is closed (other than customary weekend and holiday closings);
•
trading on the New York Stock Exchange is restricted;
•
an emergency (as determined by the SEC) exists as a result of which disposal of the Variable Option shares is not reasonably practicable or we cannot reasonably value the Variable Option shares; or
•
during any other period when the SEC, by order, so permits for the protection of Owners.
8.
The Annuity
            Phase
Prior to annuitization, you can take a full
          withdrawal and receive your total Contract Value (less the withdrawal charge, and final rider fee and contract maintenance charge). If you take a full withdrawal on any day other than a Term Start Date or Term End Date and you have Contract Value
          in the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, we apply the Daily Adjustment to these Index Option Values before we deduct the final Contract fees and expenses.
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Annuity Payments offer a guaranteed lifetime income
          stream with certain tax advantages and are designed for Owners who no longer need immediate access to Contract Value to meet their short-term income needs.
You can apply your Contract Value to regular
          periodic fixed Annuity Payments. The Payee receives the Annuity Payments. You receive tax reporting on the payments, whether or not you are the Payee. We may require proof of the Annuitant(s)' age before we make any life contingent Annuity
          Payment. If you misstate the Annuitant(s)' age or gender, we recalculate the Annuity Payments based on the correct age or gender.
Calculating Your Annuity Payments
We base Annuity Payments upon the following:
•
The Contract Value less the rider fee (if applicable) on the Annuity Date.
•
The age of the Annuitant and any joint Annuitant on the Annuity Date.
•
The gender of the Annuitant and any joint Annuitant where permitted.
•
The Annuity Option you select.
•
Your Contract's interest rate (or current rates, if higher) and mortality table.
If the Annuity Date is not a Term End
          Date, Contract Value reflects the Daily Adjustment if you selected Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy. We guarantee the dollar amount of Annuity Payments and this amount remains fixed and does not change
          during the entire annuity payment option period that you selected, except as provided under Annuity Option 3. We deduct the contract maintenance charge proportionately from each Annuity Payment (e.g., if you request semi-annual Annuity Payments
          we deduct 50% of the contract maintenance charge from each Annuity Payment). However, if your Contract Value on the last Business Day before the Annuity Date is at least $100,000 we waive the contract maintenance charge during the Annuity Phase.
Annuity Payment Options
You can choose one of the Annuity Options described
          below or any other payment option to which we agree. After Annuity Payments begin, you cannot change the Annuity Option, or transfer or withdraw Contract Value.
Option 1. Life Annuity.
We make Annuity Payments during the life of the Annuitant, and the last payment is the one that is due before the Annuitant's death. If the Annuitant dies shortly after the Annuity Date, the Payee may receive less
            than your investment in the Contract.
Option 2. Life Annuity with Payments Over 5, 10, 15
          or 20 Years Guaranteed.
We make Annuity Payments during the life of the Annuitant, with payments for a minimum guaranteed period that you select.
Option 3. Joint and Last Survivor Annuity.
We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant. Upon the death of one Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant,
            at a level of 100%, 75% or 50% selected by the Owner when he or she chose this Annuity Payment option. If both Annuitants die shortly after the Annuity Date, the Payee may receive less than your investment in the Contract.
Option 4. Joint and Last Survivor Annuity with
          Payments Over 5, 10, 15 or 20 Years Guaranteed.
We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant, with payments for a minimum guaranteed period that you select.
Option 5. Refund Life Annuity.
We make Annuity Payments during the lifetime of the Annuitant, and the last payment is the one that is due before the Annuitant's death. After the Annuitant's death, the Payee may receive a lump sum refund. The
            amount of the refund equals the amount applied to this Annuity Option minus the total paid under this option.
Under Annuity Options 1, 3 and 5, if all Annuitants
          die on or after the Annuity Date and before we send the first Annuity Payment, we will cancel Annuity Payments and upon receipt of a Valid Claim we will pay the Contract Value determined on the Annuity Date to surviving individual Owner, or the
          Beneficiary(s) if there is no surviving Owner. If the Owner is a non-individual, we pay the Owner.
After the Annuitant's death under Annuity Option 2,
          or the last surviving joint Annuitant's death under Annuity Option 4, we make Annuity Payments during the remaining guaranteed period in the following order based on who is still alive: the Payee, any surviving original Owner, the last surviving
          Owner's Beneficiaries, or to the last surviving Owner's estate if there are no remaining or named Beneficiaries.
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Annuity Payments are usually lower if you select an
          Annuity Option that requires us to make more frequent Annuity Payments or to make payments over a longer period of time. If you choose life contingent Annuity Payments, payout rates for a younger Annuitant are lower than the payout rates for an
          older Annuitant and payout rates for life with a guaranteed period are typically lower than life only payments. Monthly payout rates are lower than annual payout rates, payout rates for a 20-year guaranteed period are less than payout rates for a
          10-year guaranteed period, and payout rates for a 50-year-old Annuitant are less than payout rates for a 70-year-old Annuitant.
If you do not choose an Annuity Option before the Annuity Date, we make Annuity Payments to the Payee under Annuity Option 2 with ten years of guaranteed monthly
                  payments.
When Annuity Payments Begin
Annuity Payments begin on the Annuity Date. Your
          scheduled Annuity Date is the first day of the calendar month following the later of: a) the Annuitant's 90th birthday, or b) the tenth Contract Anniversary and is stated in your Contract. An earlier Annuity Date or a withdrawal may be required
          to satisfy minimum required distribution rules under certain Qualified Contracts.
You can make an authorized request for a different, earlier or later Annuity Date after the Issue Date, but any
            such request is subject to applicable law and our approval.
An earlier or later Annuity Date may not be available to you depending on the Financial Professional you purchase your Contract through and your state of residence. The earliest
          available Annuity Date is the second Contract Anniversary.
If on the Annuity Date (which may occur as early as the second Contract Anniversary, or as late as age 100) your Contract Value is greater than zero, you must
                  annuitize the Contract.
We notify you of your available options in writing 60 days in advance, including the option to extend your Annuity Date if available.
If on
                    your Annuity Date you have not selected an Annuity Option, we make payments under Annuity Option 2 with ten years of guaranteed monthly payments.
Upon annuitization you no longer have Contract
                    Value or a death benefit, and you cannot receive any other periodic withdrawals or payments other than Annuity Payments.
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9.
Benefits
            Available Under the Contract
The following tables summarize information about
          the benefits available under the Contract.
Standard Benefits (No Additional Charge)
Name of Benefit
Purpose
Brief Description of Restrictions/Limitations
Free Withdrawal Privilege
Allows you to withdraw up to 10% of your total Purchase Payments each Contract Year without incurring a withdrawal charge.
• Only available during the Accumulation Phase.
• Not available upon a full withdrawal.
• Unused free withdrawal amounts not available in future years.
• Program withdrawals may be subject to negative Daily Adjustments.
• Program withdrawals may be subject to income taxes, including a 10% additional federal tax if taken before age 59
1
⁄
2
.
Automatic Investment Plan (AIP)
Allows you to make automatic Purchase Payments by electronic money transfer from your savings, checking, or brokerage account.
• Only available during the Accumulation Phase.
• Not available to certain Qualified Contracts.
• Payments must be on a monthly or quarterly basis.
• Subject to applicable Purchase Payment restrictions.
• We reserve the right to discontinue or modify the program.
Optional Reallocation Program for the 1-year Term Index Options
Provides for automatic transfers among the 1-year Term Index Options to help you maintain your selected allocation percentages
                  among these Index Options.
• Only available during the Accumulation Phase.
• Not available if you select a 3-year Term Index Option.
• We reserve the right to discontinue or modify the program.
Systematic Withdrawal Program
Allows you to take automatic withdrawals from your Contract.
• Only available during the Accumulation Phase.
• Not available while you are participating in minimum distribution program.
• Program withdrawals may be monthly, quarterly, semi-annual or annual, unless you have less than $25,000 in Contract Value, in which case only annual withdrawals are available.
• Program withdrawals count against free withdrawal privilege.
• Program withdrawals may be subject to negative Daily Adjustments.
• Program withdrawals may be subject to withdrawal charges and income taxes, including a 10% additional federal tax if taken before age 59
1
⁄
2
.
• We reserve the right to discontinue or modify the program.
Minimum Distribution Program
Allows you to automatically take withdrawals to satisfy the minimum distribution requirements (RMD) imposed by
                  the Internal Revenue Code.
• Only available during the Accumulation Phase.
• Only available to IRA or SEP IRA Contracts.
• Program withdrawals count against free withdrawal privilege.
• Program withdrawals may be subject to negative Daily Adjustments.
• Program withdrawals may be subject to income taxes.
• Program withdrawals may be monthly, quarterly, semi-annual or annual, unless you have less than $25,000 in Contract Value, in which case only annual payments are available.
• We reserve the right to discontinue or modify the program subject to the requirements of law.
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Standard Benefits (No Additional Charge)
Name of Benefit
Purpose
Brief Description of Restrictions/Limitations
Financial
Adviser
Fees
If you have a financial adviser and want to pay their financial adviser fees from this Contract, you can instruct us to withdraw
                  the fee from your Contract and pay it to your Financial Professional or Financial Professional's firm as instructed.
• Only available during the Accumulation Phase.
• Financial adviser fees are in addition to the Contract's fees and expenses.
• Deductions for financial adviser fees are treated as withdrawals under the Contract.
• Program withdrawals count against free withdrawal privilege.
• Program withdrawals may be subject to negative Daily Adjustments.
• Program withdrawals may be subject to withdrawal charges and income taxes, including a 10% additional federal tax if taken before age 59
1
⁄
2
.
• We reserve the right to discontinue or modify the program.
Waiver of
Withdrawal
Charge
Benefit
Waives withdrawal charges if you become confined to a nursing home.
• Only available during the Accumulation Phase.
• Confinement must be for at least 90 consecutive days.
• Requires physician certification.
• Not available if any Owner was confined to a nursing home on the Issue Date.
• Program withdrawals count against free withdrawal privilege.
• Program withdrawals may be subject to negative Daily Adjustments.
• Program withdrawals are not subject to withdrawal charges, but may be subject to income taxes, including a 10% additional federal tax if taken before age 59
1
⁄
2
.
• State variations may apply.
Traditional Death Benefit
Provides a death benefit equal to the greater of the Contract Value, or Guaranteed Death Benefit Value. The
                  Guaranteed Death Benefit Value is total Purchase Payments adjusted for withdrawals.
An example of the death benefit provided by the Traditional Death Benefit is included in section 10, Death Benefit.
An example of the impact of withdrawals for financial adviser fees that you choose to have us pay from this Contract on the death benefit is included in section 1.
• Benefit only available during the Accumulation Phase.
• Withdrawals, including any negative Daily Adjustments, may significantly reduce the benefit as indicated in section 1, Financial Adviser Fee Deduction Example.
• Restrictions on Purchase Payments may limit the benefit.
• Annuitizing the Contract will end the benefit.
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Standard Benefits (No Additional Charge)
Name of Benefit
Purpose
Brief Description of Restrictions/Limitations
Performance Lock
Allows you to capture the current Index Option Value during the Term for an Index Option with the Index
                  Precision Strategy, Index Guard Strategy, or Index Performance Strategy. Can help eliminate doubt about future Index performance and possibly limit the impact of negative performance.
A Performance Lock example is included in section 4, Valuing Your Contract — Performance Locks.
• Available during the Accumulation Phase.
• Not available with the Index Protection Strategy Index Options.
• May be exercised before the Term End Date for an Index Option.
• If exercised, will no longer participate in Index performance (positive or negative) for the remainder of the Term, and will not receive a Credit on the Term End Date.
• You will not know your locked Index Option Value in advance.
• The locked Index Option Value will reflect a Daily Adjustment.
• If executed when Daily Adjustment has declined, will lock in any loss.
• Can be executed only once each Term for each Index Option.
• Cannot be exercised for only a portion of the Index Option Value.
• Deductions (e.g. withdrawals, fees) decrease the locked Index Option Value.
• Cannot transfer locked Index Option Value until the Term End Date, except when exercised for a 3-year Index Option, provided the Lock Date occurs on or before the second Index Anniversary of a 3-year Term.
• We will not provide advice or notify you regarding whether you should exercise or the optimal time for doing so.
• We will not warn you if you exercise at a sub-optimal time.
Optional Benefits
Name of Benefit
Purpose
Maximum Fee
Brief Description of Restrictions/Limitations
Maximum Anniversary Value Death Benefit
Provides a death benefit equal to the greater of the Contract Value, or Guaranteed Death Benefit Value. The
                  Guaranteed Death Benefit Value is the Maximum Anniversary Value.
An example of the death benefit provided by the Maximum Anniversary Value Death Benefit, and calculation of the Maximum Anniversary Value is included in section 10, Death Benefit.
An example of the impact of withdrawals for financial adviser fees that you choose to have us pay from this Contract on the death benefit is included in section 1.
0.20%
(as a percentage of the Charge Base)
• Must be age 75 or younger to elect.
• Can only be added to a Contract at issue.
• Replaces the Traditional Death Benefit if elected.
• Benefit cannot be removed from the Contract.
• Only available during the Accumulation Phase.
• Withdrawals, including any negative Daily Adjustment, may significantly reduce the benefit as indicated in section 1, Financial Adviser Fee Deduction Example.
• Withdrawals reduce the likelihood of lock in.
• Restrictions on Purchase Payments may limit the benefit.
• Annuitizing the Contract will end the benefit.
10.
Death
            Benefit
"You" in this section refers to the Owner, or the
          Annuitant if the Contract is owned by a non-individual.
The Contract provides the Traditional Death
          Benefit, the standard death benefit, for no additional charge. If available, you can instead select the optional Maximum Anniversary Value Death Benefit at Contract issue for an additional rider fee if
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all Owners and the Annuitant are age 75 or younger. The Maximum
          Anniversary Value Death Benefit can only be added to a Contract at issue.
The Maximum Anniversary Value Death Benefit cannot be less than the Traditional Death Benefit, but they may be equal. Please discuss this
            benefit's appropriateness with your Financial Professional.
The death benefit is the greater of the Contract Value, or Guaranteed Death Benefit Value. The Guaranteed Death Benefit Value is either total Purchase Payments reduced
          proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit.
The death benefit is only available during the
          Accumulation Phase.
If you or the Determining Life (Lives) die during the Accumulation Phase, we process the death benefit using prices determined after we receive the required information, which is either a
            Valid Claim or due proof of death as stated here. (For information on due proof of death see the Glossary – Valid Claim). If we receive this information at or after the end of the current Business Day, we use the next Business Day's prices.
If there are multiple Beneficiaries, each
          Beneficiary receives the portion of the death benefit he or she is entitled to when we receive his or her Valid Claim. If a Beneficiary dies before you or the Designated Life, that Beneficiary's interest in this Contract ends unless your
          Beneficiary designation specifies otherwise. If there are no remaining Beneficiaries, or no named Beneficiaries, we pay the death benefit to your estate, or if the Owner is a non-individual, to the Owner. Unless you instruct us to pay
          Beneficiaries a specific percentage of the death benefit, each Beneficiary receives an equal share.
Each Beneficiary's portion of the death benefit
          remains in the Allocation Options based on the allocation instructions that were in effect on the date of death until we receive his or her Valid Claim and we either pay the claim or the Beneficiary provides alternate allocation instructions. If
          there is Variable Account Value in the AZL Government Money Market Fund awaiting transfer to the Index Options on the date of death, it remains there until the earlier of the next Index Anniversary, or the date we receive a Valid Claim. If an
          Index Anniversary occurs before we receive a Valid Claim, we will transfer that Beneficiary's portion of the Variable Account Value destined for the Index Options based on the Purchase Payment default instructions that were in effect on the date
          of death.
From the time we determine the death benefit until
          we make a complete distribution, any amount in the Allocation Options continues to be subject to investment risk that is borne by the recipient(s). Once we receive notification of death, we may no longer accept or process transfer requests. After
          we receive the first Valid Claim from any Beneficiary we also will not accept additional Purchase Payments or allow any partial or full withdrawals unless the withdrawal is required to comply with federal tax law.
On the first death of a Determining Life during the
          Accumulation Phase, if your selected death benefit is in effect your Beneficiary(s) will receive the greater of the Contract Value or Guaranteed Death Benefit Value. The Guaranteed Death Benefit Value is either total Purchase Payments reduced
          proportionately for withdrawals you take (including any withdrawal charge) if you select the Traditional Death Benefit, or the Maximum Anniversary Value if you select the Maximum Anniversary Value Death Benefit. For example, assume total Purchase
          Payments are $90,000, you take no withdrawals, the highest Contract Value on any Index Anniversary (the Maximum Anniversary Value) is $105,000, and the current Contract Value is $100,000. The death benefit for the Traditional Death Benefit is the
          $100,000 Contract Value, and for the Maximum Anniversary Value Death Benefit it is the $105,000 Maximum Anniversary Value.
If the date we are determining the death benefit is
          not the Term End Date and you selected the Index Precision Strategy, Index Guard Strategy, or Index Performance Strategy, the Contract Value reflects the Daily Adjustment. Withdrawals you take reduce your Guaranteed Death Benefit Value by the
          percentage of Contract Value withdrawn (including any withdrawal charge), determined at the end of each Business Day.
All withdrawals you take reduce the Guaranteed Death Benefit Value and
            Contract Value, even Penalty-Free Withdrawals, and financial adviser fees that you choose to have us pay from this Contract.
However, we do not reduce the Guaranteed Death Benefit Value for deductions we make for Contract fees and
          expenses.
Deductions for Contract fees and expenses will, however, decrease the Contract Value by the dollar amount withdrawn and reduce the likelihood of receiving increases to the Maximum
            Anniversary Value
.
In addition, because the death benefit is the greater of Contract Value, or the Guaranteed Death Benefit Value, deductions we make for Contract fees and expenses may
            reduce the death benefit available to your Beneficiaries.
Examples of the impact of withdrawals for financial
          adviser fees that you choose to have us pay from this Contract on the death benefit are included in section 1.
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Maximum Anniversary Value
The Maximum Anniversary Value is initially equal to
          the Purchase Payment received on the Issue Date. At the end of each Business Day, we adjust the Maximum Anniversary Value as follows.
•
We increase it by the dollar amount of any additional Purchase Payments.
•
We reduce it by the percentage of any Contract Value you withdraw (including any withdrawal charge).
If the Index Effective Date occurs after the Issue
          Date, the Maximum Anniversary Value on the Index Effective Date is calculated in the same way as on an Index Anniversary.
On each Index Anniversary before the end date (or
          on the next Business Day if the Index Anniversary is not on a Business Day) the Maximum Anniversary Value is equal to the greater of:
•
its current value after processing any additional Purchase Payments, or withdrawals you take (including any withdrawal charge), or
•
the Contract Value determined at the end of the Business Day after we process all daily transactions including Credits, any additional Purchase Payments, withdrawals you take including any withdrawal
                  charges, and deductions we make for other Contract fees and expenses. Contract Value reflects the Daily Adjustment if you select a 3-year Term Index Option and this anniversary is not a Term End Date.
Negative Index Option performance, withdrawals you take, and deductions we make for Contract fees or expenses decrease the Contract Value and reduce the likelihood of receiving increases to
                    the Maximum Anniversary Value.
On and after the end date, we no longer make this
          comparison and we no longer capture any annual investment gains in the Maximum Anniversary Value.
The end date occurs on the earliest of:
•
the older Determining Life's 91st birthday, or
•
the end of the Business Day we receive the first Valid Claim from any one Beneficiary.
Example
Contract
Value
Maximum Anniversary Value
Issue Date
$ 100,000
$ 100,000
1
st
Quarterly Anniversary
$ 99,250
$ 100,000
2
nd
Quarterly Anniversary
$ 99,975
$ 100,000
3
rd
Quarterly Anniversary
$ 100,125
$ 100,125
4
th
Quarterly Anniversary/
Index Anniversary
$ 99,995
$ 100,125
•
On the Issue Date the Maximum Anniversary Value is equal to the initial Purchase Payment of $100,000.
•
On the 1
st
and 2
nd
Quarterly Anniversaries the Contract Value is less than the
                  Maximum Anniversary Value, so the Maximum Anniversary Value neither increases, nor decreases.
•
On the 3
rd
Quarterly Anniversary the Contract Value is greater than the Maximum Anniversary Value, so we increase the Maximum
                  Anniversary Value to equal the $100,125 Contract Value. The Maximum Anniversary Value will stay at $100,125 until the Contract Value on a Quarterly Anniversary is greater than this amount or you make an additional Purchase Payment (either
                  of which will increase the Maximum Anniversary Value), or you take a withdrawal (which will decrease the Maximum Anniversary Value).
What Happens Upon Death?
If you are the Determining Life, or if you and the
          Determining Life (Lives) are different individuals and die simultaneously as defined by applicable state law or regulation, we determine the Guaranteed Death Benefit Value at the end of the Business Day we receive a Valid Claim. For multiple
          Beneficiaries, each surviving Beneficiary receives the greater of their portion of the:
•
Guaranteed Death Benefit Value determined at the end of the Business Day we receive the first Valid Claim from any one Beneficiary, or
•
Contract Value determined at the end of the Business Day during which we receive his or her Valid Claim.
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If you and the Determining Life (Lives) are
          different individuals and do not die simultaneously as defined by applicable state law or regulation, the death benefit is as follows.
This can only occur if you change the Owner after the Issue
            Date.
•
If a Determining Life dies before you, we do not pay a death benefit to the Beneficiary(s) but we may increase the Contract Value if the Traditional Death Benefit or Maximum Anniversary Value Death Benefit are still in
                  effect
. At the end of the Business Day we receive due proof of a Determining Life's death we increase the Contract Value to equal the Guaranteed Death Benefit Value if greater,
and your selected death benefit ends
. We allocate any Contract Value increase to the Allocation Options according to your Purchase Payment default instructions.
•
Upon your death your Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive each Beneficiary's Valid Claim.
The Traditional Death Benefit and Maximum Anniversary
          Value Death Benefit end upon the earliest of the following.
•
The Business Day before the Annuity Date.
•
The Business Day that the Guaranteed Death Benefit Value and Contract Value are both zero.
•
Upon the death of a Determining Life, the end of the Business Day we receive a Valid Claim from all Beneficiaries if you and the Determining Life are the same individuals, or if you and the Determining Life (Lives) are
                  different individuals and die simultaneously as defined by applicable state law or regulation.
•
Upon the death of a Determining Life, the end of the Business Day we receive due proof of the Determining Life's death if you and the Determining Life (Lives) are different individuals and do not die simultaneously as
                  defined by applicable state law or regulation.
•
Upon the death of an Owner (or Annuitant if the Owner is a non-individual), the end of the Business Day we receive the first Valid Claim from any one Beneficiary, if the Owner (or Annuitant) is no longer a Determining Life.
•
The Business Day the Contract ends.
We base the Guaranteed Death Benefit Value on the first death of a Determining Life (or Lives). This means that upon the death of an Owner (or Annuitant if the Owner is a
                  non-individual),
if a surviving spouse continues the Contract:
•  the Guaranteed Death Benefit Value
                  is no longer available, and
•  if you selected the Maximum
                  Anniversary Value Death Benefit, we no longer assess its 0.20% rider fee.
Also, if you and the Determining Life (Lives) are different individuals and you die first, the Guaranteed Death Benefit Value is not available to your
                  Beneficiary(s).
Death of the Owner and/or Annuitant
The Appendix A to the Form N-4 SAI includes tables
          that are intended to help you better understand what happens upon the death of any Owner and/or Annuitant under the different portions of the Contract.
Death Benefit Payment Options During the
          Accumulation Phase
Each Beneficiary must select one of the death
          benefit payment options listed below.
If a Beneficiary requests a lump sum payment under
          Option A, we pay that Beneficiary within seven days of receipt of his or her Valid Claim, unless the suspension of payments or transfers provision is in effect. Payment of the death benefit may be delayed, pending receipt of any state forms.
Spousal Continuation:
If the Beneficiary is the deceased Owner's spouse, he or she can choose to continue the Contract with the portion of the death benefit the spouse is entitled to in his or her own name. For an IRA, Roth IRA, or SEP
            IRA Contract, spousal continuation can only occur if the surviving spouse is the Contract's sole primary Beneficiary. For non-individually owned Contracts, spousal continuation is only available to Qualified Contracts through a direct rollover
            to an IRA.
Spouses must qualify as such under federal law to continue the Contract.
Individuals who have entered into a registered domestic partnership, civil union, or other similar relationship that
            is not considered to be a marriage under state law are also not considered to be married under federal law. An election by the spouse to continue the Contract must be made on the death claim form before we pay the death benefit. If the deceased
            Owner was a Determining Life and the surviving spouse Beneficiary continues the Contract, at the end of the Business Day we receive his or her Valid Claim we
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increase the Contract Value to equal the Guaranteed Death Benefit
          Value if greater and available, and your selected death benefit ends. We allocate any Contract Value increase to the Allocation Options according to Purchase Payment default instructions. If the surviving spouse continues the Contract:
•
he or she becomes the new Owner and may exercise all of the Owner's rights, including naming a new Beneficiary or Beneficiaries;
•
he or she is subject to any remaining withdrawal charge; and
•
upon the surviving spouse's death their Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive a Valid Claim from each Beneficiary.
Death Benefit Payment Options
The following applies to Non-Qualified Contracts.
          Different rules may apply to Qualified Contracts. For more information, please see section 11, Taxes – Distributions Upon the Owner's Death (or Annuitant's Death if the Owner is a Non-Individual).
Option A:
Lump sum
            payment of the death benefit.
Option B:
Payment
            of the entire death benefit within five years of the date of any Owner's death. The Beneficiary can continue to make transfers between Allocation Options and is subject to a transfer fee and a 1.25% m&e charge for any amounts allocated to
            the Variable Options.
Option C:
If the
            Beneficiary is an individual, payment of the death benefit as Annuity Payments under Annuity Options 1, 2, or 5. With our written consent other options may be available for payment over a period not extending beyond the Beneficiary's life
            expectancy under which the Beneficiary can continue to make transfers between Allocation Options and is subject to a transfer fee and a 1.25% m&e charge for any amounts allocated to the Variable Options.
Distribution from Non-Qualified Contracts must
          begin within one year of the date of the Owner's death. Any portion of the death benefit from Non-Qualified Contracts not applied to Annuity Payments within one year of the date of the Owner's death must be distributed within five years of the
          date of death.
If a Non-Qualified Contract is owned by a
          non-individual, then we treat the death of an Annuitant as the death of an Owner for purposes of the Code's distribution at death rules, which are set forth in Section 72(s) of the Code.
In all events, notwithstanding any provision to the
          contrary in the Contract or this prospectus, a Non-Qualified Contract is interpreted and administered in accordance with Section 72(s) of the Code.
11.
Taxes
This section provides a summary explanation of the
          tax ramifications of purchasing a Contract.
We do not provide individual tax advice. You should contact your tax adviser to discuss this Contract's effects on your personal tax situation.
Annuity Contracts in General
Annuity contracts are a means of setting aside
          money for future needs – usually retirement. Congress recognized the importance of saving for retirement and provided special rules in the Code for annuities.
There are different rules regarding how you will be
          taxed, depending upon how you take the money out and whether the annuity is Qualified or Non-Qualified. Generally any taxable distribution is subject to federal income tax and any applicable state income tax at ordinary income tax rates (instead
          of capital gains rates).
You can purchase either a Qualified Contract or a
          Non-Qualified Contract.  If you do not purchase one of the various types of Qualified Contracts described in this section, the Contract is referred to as a Non-Qualified Contract.
This prospectus does not address specific state tax
          laws. You should discuss state taxation with your tax adviser.
Qualified Contracts
If you purchase the Contract as an IRA, Roth IRA,
          SEP IRA, or to fund a qualified retirement plan, the Contract is referred to as a Qualified Contract. Qualified Contracts are subject to certain restrictions under the Code, including restrictions on the amount of annual contributions,
          restrictions on how much you can earn and still be able to contribute to a Qualified Contract, and specialized restrictions on withdrawals. Qualified Contracts must be purchased from earned income from the
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relevant year or years, or from a rollover or transfer from a
          qualified contract. An IRA to IRA indirect rollover can occur only once in any twelve-month period from all of the IRAs you currently own. Adverse tax consequences may result if contributions, distributions, and transactions in connection with
          the Qualified Contract do not comply with the law.
A Qualified Contract funded by an annuity does not
          provide any additional tax deferral. However, the Contract has features and benefits other than tax deferral that may make it appropriate for an IRA or qualified retirement plan. You should consult your tax adviser regarding these features and
          benefits before purchasing a Qualified Contract.
We may issue the following types of Qualified
          Contracts to an individual. Purchasers of a Contract for use with IRAs have the right to revoke their purchase within seven days of the earliest of the establishment of the IRA, or their purchase.
•
IRA (Traditional IRA).
Section 408 of the Code permits eligible individuals to fund IRAs. IRA contributions are limited each year to the lesser of a dollar amount specified in the Code or 100% of the
          amount of earned income included in the Owner's income. Contributions may be tax deductible based on the Owner's income. Contributions must be made in cash. The limit on the amount contributed to an IRA does not apply to distributions from
          certain other types of IRAs or qualified retirement plans that are transferred or rolled over on a tax-deferred basis into an IRA.
•
Roth IRA.
Section 408A of the Code permits certain eligible individuals to contribute to a Roth IRA. Contributions to a Roth IRA are limited each year to the lesser of a dollar amount specified in the
          Code or 100% of the amount of earned income included in the Owner's income. Contributions are also limited or prohibited if the Owner's income is above certain limits. Contributions must be made in cash. The limit on the amount contributed to a
          Roth IRA does not apply to distributions from certain other types of IRAs or qualified retirement plans that are transferred or rolled over (conversion) into a Roth IRA.
Conversions to a Roth IRA from an IRA or other eligible qualified retirement plan are permitted regardless of an individual's income. A conversion to a Roth IRA results in a taxable event, but not a 10% additional federal tax for early
          withdrawal if certain qualifications are met (please consult your tax adviser for more details).
•
Simplified Employee Pension (SEP) IRA
. Employers may establish SEP IRAs under Code Section 408(k) to provide IRA contributions on behalf of their employees. In addition to all of the general rules
          governing IRAs, such plans are subject to additional requirements and different contribution limits.
•
Inherited IRA.
The Code permits beneficiaries of investments that were issued under qualified retirement plans or IRAs to directly transfer the
                    death benefit from that investment into a variable annuity contract (Inherited IRA or Inherited Roth IRA Contract). If you purchase this Contract as a transfer from another carrier, you will become the Owner of the new Inherited IRA
                    Contract or Inherited Roth IRA Contract. The ownership of this Contract will also reflect the name of the deceased previous owner. Once an Inherited IRA or Inherited Roth IRA Contract is established, no further Purchase Payments can be
                    made. We may choose not to allow this Contact to be purchased as an Inherited IRA or Inherited Roth IRA.
We may issue the following type of Qualified Contract to a qualified retirement plan.
•
Qualified Retirement Plans: Pension and Profit-Sharing Plans.
A qualified plan is a retirement or pension plan that meets the requirements for tax qualification under the Code. Sections 401(a) and
          401(k) of the Code permit employers, including self-employed individuals, to establish various types of retirement plans for employees. These retirement plans may permit the purchase of the Contracts to provide benefits under the plan.
          Contributions to the plan for the benefit of employees are not included in the gross income of the employee until distributed from the plan. The tax consequences to participants may vary, depending upon the particular plan design. Participant
          loans are not allowed under the Contracts purchased in connection with these plans.
If the Contract is purchased for
          a qualified plan under Section 401 of the Code, the plan is both the Owner and the Beneficiary. The authorized signatory, plan administrator, or plan trustee for the plan must make representations to us that the plan is qualified under the Code
          on the Issue Date and is intended to continue to be qualified for the entire Accumulation Phase of the Contract, or as long as the qualified plan owns the Contract. The qualified plan may designate a third party administrator to act on its
          behalf. All tax reporting is the responsibility of the plan. In the event the qualified plan instructs us to roll the plan assets into an IRA for the Annuitant under this Contract, we change the qualification type of the Contract to an IRA and
          make the Annuitant the Owner. The qualified plan is responsible for any reporting required for the rollover transactions out of the plan. We are responsible for any reporting required for the Contract as an IRA.
Purchasers of Contracts for use with pension or profit-sharing plans should obtain competent tax advice as to the tax treatment and suitability of a holding an annuity within a plan.  Because of the minimum Purchase Payment requirements, these
          Contracts may not be appropriate for some retirement plans that are funded on a periodic basis.
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Owners, Annuitants and Beneficiaries are
          cautioned that benefits under a Qualified Contract may be subject to the terms and conditions of the plan regardless of the terms and conditions of the Contracts issued pursuant to the plan. Some retirement plans are subject to distribution and
          other requirements that are not incorporated into our administrative procedures. We are not bound by the terms and conditions of such plans to the extent such terms conflict with the terms of a Contract, unless we specifically consent to be
          bound. Owners, participants, and Beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law. We may choose not to allow pension or profit-sharing
          plans to purchase this Contract.
Summary of Individuals and Entities That Can Own a
          Qualified Contract
Currently, we offer the following types of
          Qualified Contracts.
Type of Contract
Persons and Entities that can own the Contract
IRA
Must have the same individual as Owner and Annuitant.
Roth IRA
Must have the same individual as Owner and Annuitant.
Simplified Employee Pension (SEP) IRA
Must have the same individual as Owner and Annuitant.
Certain Code Section 401 Plans
A qualified retirement plan is the Owner and the Annuitant must be an individual who is a participant in the plan. If the qualified retirement plan is a defined
                  benefit plan, the individual must be the only participant in the plan.
We may determine which types of qualified retirement plans are eligible to purchase this Contract.
Inherited IRA and Inherited Roth IRA
Must have the same individual as Owner and Annuitant. The deceased owner of the previously held tax-qualified arrangement will also be listed in
                  the titling of the Contract.
Non-Qualified Contracts
You can instead purchase a Non-Qualified Contract,
          which is not qualified pursuant to a specialized provision of the Code.  There are no Code restrictions on annual contributions to a Non-Qualified Contract or how much you can earn and still contribute to a Contract.
Non-Qualified Contracts Owned by Non-Individuals
When a Non-Qualified Contract is owned by a
          non-individual (other than a trust holding the Contract as an agent for an individual), the Contract is not generally treated as an annuity for tax purposes. This means that the Contract may not receive the benefits of tax deferral and any
          Contract earnings may be taxable every year.
Taxation of Withdrawals
When you take money out of a Contract, we may
          deduct premium tax that we pay on your Contract. This tax varies from 0% to 3.5%, depending on your state. Currently, we pay this tax and do not pass it on to you.
Section 72 of the Code governs taxation of
          annuities in general. An Owner is generally not taxed on increases in the value of a Contract until a distribution occurs, either in the form of withdrawals or as Annuity Payments.
For a full withdrawal (total redemption), a partial
          withdrawal, or a death benefit, the recipient is taxed on the portion of the payment that exceeds your investment in the Contract (often referred to as cost basis). For Non-Qualified Contracts, this cost basis is generally the Purchase Payments,
          while for Qualified Contracts there is generally no cost basis, which means the withdrawal is fully taxable, except for qualified distributions from Roth IRAs and IRAs where you have separately tracked and reported any after-tax contributions
          that you have made.
For Non-Qualified Contracts, the taxable portion of
          a partial withdrawal is the portion of the payment considered to be gain in the Contract (for example, the difference, if any, between the Contract Value immediately before the withdrawal, unreduced by any withdrawal charges, and the Contract's
          cost basis). The withdrawals are generally taxed as though you were paid taxable earnings first, and then as a non-taxable return of Purchase Payments.
Distributions from a Roth IRA generally are not
          subject to income tax if the Roth IRA has been held for five years (starting with the year in which the first contribution is made to any Roth IRA) and the Owner satisfies a triggering event such as attaining age 59
1
⁄
2
, death, disability or a first time homebuyer (subject to a $10,000 lifetime limit).
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Distribution before satisfying the five year period
          or triggering event requirement may subject the distribution to taxation. Please be aware that each Roth IRA conversion has its own five year holding period requirement for purposes of determining if the 10% additional federal tax described below
          applies.
10% Additional Federal Tax
Withdrawals, whether partial or full, and Annuity
          Payments may also be subject to an additional federal tax equal to 10% of the taxable amount, unless an exception applies. If you take a withdrawal before age 59
1
⁄
2
, you may be subject to a 10% additional federal tax, unless you satisfy one of the exceptions. The exceptions are different for Qualified Contracts and Non-Qualified Contracts, and are also
          different for IRAs and qualified plans. If the Contract is jointly owned, we send one check payable to both Joint Owners and tax report each Joint Owner individually.
Tax reporting each Joint
            Owner individually can create a discrepancy in taxation if only one Joint Owner is under age 59
1
⁄
2
because that Joint Owner will be subject to the 10% additional federal tax.
Exceptions to the 10% Additional Federal Tax for
          Qualified Contracts
1)
distributions made on or after the date you (or the Annuitant as applicable) reach age 59
1
⁄
2
;
2)
distributions following your death or disability (or the Annuitant as applicable) (for this purpose disability is as defined in Section 72(m)(7) of the Code);
3)
distributions paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary;
4)
distributions made to you after separation from service after reaching age 55 (does not apply to IRAs);
5)
distributions made to you to the extent such distributions do not exceed the amount allowed as a deduction under Code Section 213 for amounts paid during the tax year for medical care;
6)
distributions made on account of an IRS levy upon the Qualified Contract;
7)
distributions from an IRA for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for you and your spouse and dependents if you have received unemployment compensation for at least 12 weeks
                  (this exception will no longer apply after you have been re-employed for at least 60 days);
8)
distributions from an IRA made to you, to the extent such distributions do not exceed your qualified higher education expenses (as defined in Section 72(t)(7) of the Code) for the tax year;
9)
distributions from an IRA which are qualified first-time homebuyer distributions (as defined in Section 72(t)(8) of the Code);
10)
distributions made to an alternate Payee pursuant to a qualified domestic relations order (does not apply to an IRA);
11)
distributions made to a reservist called to active duty after September 11, 2001, for a period in excess of 179 days (or for an indefinite period), from IRAs or amounts attributable to elective deferrals under a 401(k) plan
                  made during such active period; and
12)
distributions made during the payment period starting on the birth of a child or the finalization of an adoption (up to $5,000).
With respect to (12) above, a qualified birth or
          adoption distribution may be repaid in one or more contributions into an IRA or qualified retirement plan (if you are eligible to make a contribution to the qualified retirement plan). The repayment contribution will be treated as a rollover into
          the IRA or qualified retirement plan.
With respect to (3) above, if the series of
          substantially equal periodic payments is modified before the later of the Annuitant attaining age 59
1
⁄
2
or the close of
          the five year period that began on the date the first payment was received, then the tax for the year of the modification is increased by the 10% additional federal tax, plus interest for the tax years in which the exception was used. A partial
          withdrawal, partial transfer, or partial rollover taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of
          the 10% additional federal tax and interest for the period as described above. You should obtain competent tax advice before you take any partial withdrawals from your Contract. Adding Purchase Payments to a Contract that is making substantially
          equal periodic payments will also result in a modification of the payments.
For 2020 only, the Coronavirus Aid, Relief, and
          Economic Security (CARES) Act, permitted corona-virus related distributions from Qualified Contracts and IRAs up to an aggregate amount of $100,000. This type of distribution was an exception to the 10% federal additional tax. To qualify for the
          distribution, generally you, your spouse, or dependent had to have been diagnosed with the virus, or you had to have been affected economically in certain ways because of the virus. The tax associated with the distributions may be paid ratably
          over three years, beginning with the 2020 tax year. The
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CARES Act also allows you to recontribute the amount you withdrew
          to an eligible retirement plan (to which you can make a rollover contribution) in one or more payments within three years.
Exceptions to the 10% Additional Federal Tax for
          Non-Qualified Contracts
1)
paid on or after you reach age 59
1
⁄
2
;
2)
paid after you die;
3)
paid if you become totally disabled (as that term is defined in Section 72(m)(7) of the Code);
4)
paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary;
5)
paid as annuity payments under an immediate annuity; or
6)
that come from Purchase Payments made before August 14, 1982.
With respect to (4) above, if the series of
          substantially equal periodic payments is modified before the later of your attaining age 59
1
⁄
2
or the close of the five
          year period that began on the date the first payment was received, then the tax for the year of the modification is increased by the 10% additional federal tax, plus interest, for the tax years in which the exception was used. A partial
          withdrawal or partial 1035 exchange taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of the 10%
          additional federal tax and interest for the period as described above. Adding Purchase Payments to a Contract that is making substantially equal periodic payments will also result in a modification of the payments.
Non-Qualified Annuity Medicare Tax
Distributions from Non-Qualified Contracts are
          considered investment income for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may apply to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds
          certain threshold amounts ($200,000 for filing single, $250,000 for married filing jointly and $125,000 for married filing separately.) This tax does not apply to distributions from Qualified Contracts. Please consult a tax adviser for more
          information.
Payments for Financial Adviser Fees
Any financial adviser fees that you choose to have
          us pay from this Contract to your Financial Professional or Financial Professional's firm may result in a taxable distribution.
Please consult with your Financial Professional before requesting
            us to pay financial adviser fees from this Contract compared to other assets you may have since federal and/or state taxing authorities could determine that such fees should be treated as taxable distributions.
RMDs From Qualified Contracts
Distributions from a Qualified Contract must
          commence no later than the required beginning date. For Roth IRAs, no distributions are required during the Owner's lifetime. For IRAs other than Roth IRAs, the required beginning date is April 1 of the calendar year following the year in which
          you attain age 72 (or age 70
1
⁄
2
if you reached this age prior to January 1, 2020). Under a qualified plan, the required
          beginning date is generally April 1 of the calendar year following the later of the calendar year in which you reach age 72 (or age 70
1
⁄
2
if you reached this age prior to January 1, 2020) or retire.
Generally, RMDs must be made over a period not
          exceeding the life or life expectancy of the individual or the joint lives or life expectancies of the individual and his or her designated Beneficiary. If the RMDs are not made, a 50% additional federal tax is imposed as to the amount not
          distributed. If you are attempting to satisfy these rules through partial withdrawals, the present value of future benefits provided under the Contract may need to be included in calculating the amount required to be distributed. If you enroll in
          our minimum distribution program, we make RMD payments to you that are designed to meet this Contract's RMD requirements.
Diversification
Code Section 817(h) and accompanying Treasury
          Department Regulations imposes diversification standards on the assets underlying variable annuity contracts. The Code provides that a variable annuity contract cannot be treated as an annuity contract for any period during which its investments
          are not adequately diversified as required by the United States Treasury Department. If the Contract no longer qualifies as an annuity contract, you would be subject to federal income tax each year with respect to Contract earnings accrued. We
          intend to manage all available Index Options, and we intend that all Variable Options be managed by the investment advisers so that they comply with these diversification standards.
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Owner Control
The Treasury Department has indicated that the
          diversification regulations do not provide guidance regarding the circumstances in which an Owner's control of the Separate Account's investments may cause the Owner to be treated as the owner of the Separate Account's assets, which would cause
          the Contract to lose its favorable tax treatment. In certain circumstances, variable annuity contract owners have been considered for federal income tax purposes to be the owners of the separate account's assets, due to their ability to exercise
          investment control over those assets. In this case, the contract owners have been currently taxed on income and gains attributable to the variable account assets. There is little guidance in this area and some of our Contract's features, such as
          the flexibility of an Owner to allocate Purchase Payments and transfer amounts among available Variable Options, have not been explicitly addressed in published rulings. While we believe that the Contracts do not give Owners investment control
          over Separate Account assets, we reserve the right to modify the Contracts as necessary to prevent an Owner from being treated as the owner of the Separate Account assets.
Taxation of Annuity Payments
For Annuity Payments from Non-Qualified Contracts,
          the portion of each payment included in income is determined by an exclusion ratio. The exclusion ratio is a calculation that causes a portion of each Annuity Payment to be non-taxable, based upon the percentage of your Contract Value that is
          from Purchase Payments. We determine the exclusion ratio for Annuity Payments by dividing the investment in the Contract (adjusted for any guaranteed period or refund guarantee) by the expected return anticipated to be paid as Annuity Payments
          (which is determined by Treasury Regulations). We determine the amount of each Annuity Payment that is excluded from income by multiplying the Annuity Payment by the exclusion ratio. Annuity Payments received after the investment in the Contract
          has been recovered (for example, when the total of the amounts excluded from income equal the investment in the Contract) are fully taxable.
Generally, Annuity Payments from Qualified
          Contracts are fully taxable unless you have separately tracked and reported any after-tax contributions that you have made. Annuity Payments that are qualified distributions from Roth IRAs are federal income tax free. Owners, Annuitants and
          Beneficiaries under the Contracts should seek competent financial advice about the tax consequences of any distributions.
Distributions Upon the Owner's Death (or
          Annuitant's Death If the Owner Is a Non-individual)
Section 72(s) of the Code requires that, to be
          treated as an annuity contract for federal income tax purposes, a Non-Qualified Contract must contain certain provisions regarding distributions when an Owner dies. Specifically, Section 72(s) requires that: (a) if an Annuitant dies on or after
          you annuitize the Contract, but before distribution of the entire Contract's interest, the entire Contract's interest must be distributed at least as rapidly as under the distribution method being used as of the Annuitant's date of death; and (b)
          if any Owner (or the Annuitant if the Owner is a non-individual) dies before you annuitize the Contract, the Contract's entire interest must be distributed within five years after the Owner's date of death.
These requirements are satisfied as to any part of
          an Owner's interest that is payable to, or for the benefit of, a designated Beneficiary and distributed over the designated Beneficiary's life, or over a period not extending beyond that Beneficiary's life expectancy, provided that distributions
          begin within one year of the Owner's death. The designated Beneficiary refers to an individual designated by the Owner as a Beneficiary and to whom ownership of the Contract passes by reason of death.
However, if the designated Beneficiary is the
          deceased Owner's surviving spouse, the surviving spouse can continue the Contract as the new Owner. If a couple is married in a jurisdiction (including a foreign country) that recognizes same-sex marriage, that marriage will be recognized for all
          federal tax purposes regardless of the law in the jurisdiction where they reside. However, the IRS did not recognize civil unions and registered domestic partnerships as marriages for federal tax purposes. Depending on the state in which your
          Contract is issued, we may offer certain spousal benefits to same-sex civil union couples, domestic partners or spouses. You should be aware, however, that, if state law does not recognize the civil union or registered domestic partnership as a
          marriage, we cannot permit the surviving partner/spouse to continue the Contract within the meaning of the federal tax law.
Same-sex civil union couples, domestic partners and
          spouses should contact their financial professional and a qualified tax adviser regarding their personal tax situation, the implications of any Contract benefits based on a spousal relationship, and their partner's/spouse's rights and benefits
          under the Contract.
Non-Qualified Contracts contain provisions that are
          intended to comply with these Code requirements.
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Upon death of an Owner of a Qualified Contract, the
          Setting Every Community Up for Retirement (SECURE) Act (contained within the Further Consolidated Appropriations Act enacted December 20, 2019) made significant changes to the payment options available to Beneficiaries of Owners who die on or
          after January 1, 2020. The rules discussed below reference IRA Contracts, but similar rules also apply to qualified retirement plans. With some exceptions, IRA Beneficiaries must receive their entire death benefit by December 31 following the
          tenth anniversary of the IRA Owner's death.
The payments options for IRA Beneficiaries differ
          depending on several factors, including whether a Beneficiary is an Eligible Designated Beneficiary (EDB). An EDB includes any Beneficiary of the deceased IRA Owner who at time of death is: 1) the surviving spouse, 2) not more than ten years
          younger than the IRA Owner, 3) a minor child of the IRA Owner, 4) chronically ill, or 5) disabled. EDB status is determined at the IRA Owner's death.
If you are an EDB, then you can begin RMD payments
          based on your single life expectancy ("stretch payments") in the year following the deceased Owner's death. You must begin to receive these RMD payments by December 31 of the year following the deceased Owner's death (but see the exception for a
          spouse beneficiary below). If you are an EDB that elected to receive payments over your life expectancy, once you die, then your beneficiary must receive their entire death benefit by December 31 following the tenth anniversary of your death.
For a minor child Beneficiary, the payments based
          on life expectancy may continue only until the minor child reaches the age of majority (age 18 or the age specified in Treasury Regulations). The minor child Beneficiary must receive their entire death benefit by December 31 following the tenth
          anniversary of reaching the age of majority.
If you were the spouse Beneficiary of the deceased
          Owner's IRA Contract and your spouse had not yet reached the date at which he/she was required to begin receiving RMD payments (treating a Roth IRA as a traditional IRA for this purpose only), then you can wait to begin receiving RMD payments
          until the year that your spouse would have reached age 72. Alternatively, if the deceased Owner had already reached the date at which he/she was required to begin receiving RMD payments, you must begin to receive these RMD payments by December 31
          of the year following the deceased Owner's death.
If you are a designated Beneficiary (generally an
          individual), but are not an EDB, the entire death benefit must be distributed by December 31 after the tenth anniversary of the IRA Owner's death. If you die before the end of the ten-year period and the entire death benefit has not been
          distributed, your beneficiary must receive the entire death benefit by the same date you would have been required to receive the death benefit.
If the Beneficiary of the IRA Contract is a trust,
          current Treasury Regulations provide "see-through" treatment for trusts that meet certain requirements. If such treatment applies, the beneficiaries of the trust, rather than the trust itself will be treated as having been designated as
          beneficiaries of the IRA Contract for purposes of determining the distribution period for RMD payments. Due to the changes made by SECURE, there is uncertainty regarding which distribution options are available when a trust is the Beneficiary of
          an IRA Contract. Clarification of situations involving trust Beneficiaries is expected to be provided when the Treasury Department releases applicable regulations. Individuals are encouraged to seek guidance from their own tax professional or
          legal counsel to determine how these new rules apply to their particular situation.
If the IRA Beneficiary is not a "designated
          beneficiary" (e.g., beneficiary is an estate, charity, or a trust that does not meet the requirements for "see-through" treatment), then the payment options are unchanged by the SECURE Act. If the IRA Owner had not yet reached the date at which
          he/she was required to begin receiving RMD payments (treating a Roth IRA as a traditional IRA for this purpose only), then these IRA Beneficiaries must receive their entire death benefit by December 31 following the fifth anniversary of the IRA
          Owner's death. Alternatively, if the deceased Owner had already reached the date at which he/she was required to begin receiving RMD payments, these IRA Beneficiaries can begin RMD payments based on the single life expectancy of the Owner in the
          year of the deceased Owner's death, reduced by one. These Beneficiaries must begin to receive these RMD payments by December 31 of the year following the deceased Owner's death.
The SECURE Act impacts situations when the IRA
          Owner died before January 1, 2020 and the Beneficiary had elected stretch payments. In this situation, the stretch payments can continue to the Beneficiary, but once that Beneficiary dies, the successor beneficiary must receive any remaining
          death benefit by December 31 following the tenth anniversary of the original Beneficiary's death.
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The SECURE Act may limit the annuitization options
          that a Beneficiary may elect at the IRA Owner's death to comply with the new death benefit payment rules. Also, if an IRA Owner elected an annuitization option and then dies, action may be needed by the Beneficiary if any remaining Annuity
          Payments do not comply with the new death benefit payment rules for a Beneficiary.
Tax-Free Section 1035 Exchanges
Subject to certain restrictions, you can make a
          "tax-free" exchange under Section 1035 of the Code for all or a portion of one non-qualified annuity contract for another, or all of a life insurance policy for a non-qualified annuity contract. If you perform a partial 1035 exchange, please be
          aware that no distributions or withdrawals can occur from the old or new annuity contract within 180 days of the partial exchange, unless you qualify for an exception to this rule. IRS guidance also provides that certain partial exchanges may not
          qualify as tax-free exchanges. You should consult a tax adviser to discuss the potential tax effects before making a 1035 exchange.
Before making an exchange, you should compare both
          contracts carefully. Remember that if you exchange a life insurance policy or annuity contract for the Contract described in this prospectus:
•
you might have to pay a withdrawal charge on your previous contract,
•
there is a new withdrawal charge period for this Contract,
•
other charges under this Contract may be higher (or lower),
•
the benefits may be different, and
•
you no longer have access to any benefits from your previous contract.
If the exchange does not qualify for Section 1035
          treatment, you also may have to pay federal income tax, including a possible additional federal tax, on the exchange. You should not exchange an existing life insurance policy or another annuity contract for this Contract unless you determine the
          exchange is in your best interest and not just better for the person selling you the Contract who generally earns a commission on each sale.
Multiple Non-Qualified Contracts Purchased In the
          Same Year By the Same Owner
Code Section 72(e)(12) provides that multiple
          Non-Qualified deferred annuity contracts issued within the same calendar year to the same owner by one company or its affiliates are treated as one annuity contract for purposes of determining a distribution's tax consequences. This treatment may
          result in adverse tax consequences, including more rapid taxation of distributions from combined contracts. For purposes of this rule, contracts received in a Section 1035 exchange are considered issued in the year of the exchange. You should
          consult a tax adviser before purchasing more than one Non-Qualified Contract in any calendar year period.
Assignments, Pledges and Gratuitous Transfers
Any assignment or pledge (or agreement to assign or
          pledge) the Contract Value is treated for federal income tax purposes as a full withdrawal. The Contract will not qualify for tax deferral while the assignment or pledge is effective. Qualified Contracts generally cannot be assigned, pledged, or
          transferred to another individual. For Non-Qualified Contracts, the Contract's cost basis is increased by the amount includible as income with respect to such amount or portion, though it is not affected by any other aspect of the assignment or
          pledge (including its release). If an Owner transfers a Non-Qualified Contract (an ownership change) without adequate consideration to a person other than their spouse (or to a former spouse incident to divorce), the Owner is taxed on the
          difference between his or her Contract Value and the Contract's cost basis at the time of transfer. In such case, the transferee's investment in the Contract is increased to reflect the increase in the transferor's income. An Owner should consult
          a tax adviser before requesting an assignment, transfer, or pledge.
Income Tax Withholding
Any part of a distribution that is taxable to the
          Owner or Beneficiary is subject to federal and/or state income tax withholding. Generally, we withhold amounts from Annuity Payments at the same rate as wages, and we withhold 10% from non-periodic payments, such as withdrawals. However, in most
          cases, you may elect not to have taxes withheld or to have withholding done at a different rate.
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Certain distributions from retirement plans
          qualified under Code Section 401 that are not directly rolled over to another eligible retirement plan or IRA, are subject to a mandatory 20% federal income tax withholding. The 20% withholding requirement generally does not apply to:
•
a series of substantially equal payments made at least annually for the life or life expectancy of the participant or joint and last survivor expectancy of the participant and a designated Beneficiary, or for a specified
                  period of ten years or more; or
•
RMDs; or
•
any part of a distribution not included in gross income (for example, returns of after-tax contributions); or
•
hardship withdrawals.
Plan participants should consult a tax adviser
          regarding income tax withholding requirements.
Federal Estate Taxes
While no attempt is being made to discuss the
          Contract's federal estate tax implications, an Owner should keep in mind the annuity contract's value payable to a Beneficiary upon the Owner's death is included in the deceased Owner's gross estate. Depending on the annuity contract, the
          annuity's value included in the gross estate may be the value of the lump sum payment payable to the designated Beneficiary, or the actuarial value of the payments to be received by the Beneficiary. Consult an estate planning adviser for more
          information.
Generation-Skipping Transfer Tax
The Code may impose a "generation-skipping transfer
          tax" when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations may require us to deduct this tax from your Contract, or from any applicable
          payment, and pay it directly to the IRS.
Foreign Tax Credits
We may benefit from any foreign tax credits
          attributable to taxes paid by certain funds to foreign jurisdictions to the extent permitted under the federal tax law.
Possible Tax Law Changes
Although the likelihood of legislative or
          regulatory changes is uncertain, there is always the possibility that the Contract's tax treatment could change. Consult a tax adviser with respect to legislative or regulatory developments and their effect on the Contract.
We have the right to modify the Contract in
          response to legislative or regulatory changes that could otherwise diminish the favorable tax treatment that annuity owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as
          tax advice.
12.
Other
            Information
The Registered Separate Account
We established Allianz Life Variable Account B (the
          Separate Account) as a separate account under Minnesota insurance law on May 31, 1985. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940. The SEC does not supervise our management
          of the Separate Account.
The Separate Account holds the Variable Options'
          shares that have been purchased with Contract assets. We keep the Separate Account assets separate from the assets of our general account and other separate accounts, including the non-unitized separate accounts we established in connection with
          the Index Options. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Variable Option.
We own the assets of the Separate Account. Income,
          gains, and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of the our other assets. The Separate Account's assets are insulated, so that the
          assets cannot be used to pay any of our liabilities, other than those arising from the investment of Contract assets in the Variable Options.
If the Separate Account's assets exceed the
          required reserves and other liabilities, we may transfer the excess to our general account, to the extent of seed money invested by us or earned fees and expenses. The obligations under the Contracts are obligations of Allianz Life. We are
          obligated to pay all amounts promised to investors under the Contracts.
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Our General Account
Our general account holds all our assets other than
          assets in our separate accounts. We own our general account assets, and, subject to applicable law, have sole investment discretion over them. The assets are subject to our general business operation liabilities and claims of our creditors and
          may lose value. We have not registered our general account as an investment company under the Investment Company Act of 1940.
Our general account assets fund guarantees provided
          in the Contracts, including obligations associated with the death benefit. Contract Value that you apply to Annuity Payments becomes part of our general account.
Our Unregistered Separate Account
We hold the assets you allocate to the Index
          Options in Separate Account IANA, which we established under Minnesota Insurance Law for the purpose of supporting our obligations to pay Credits. We invest the assets in Separate Account IANA in hedging instruments, including derivative hedging
          instruments such as put and call options, as well as cash and fixed income securities. Like our general account, the assets in Separate Account IANA are subject to our general business operation liabilities and the claims of our creditors. An
          Owner who allocates Contract Value to an Index Option does not have any interest in or claim on the assets in Separate Account IANA. In addition, neither the Owner nor these Index Options participate in any way in the performance of assets held
          in Separate Account IANA.
Distribution
Allianz Life Financial Services, LLC (ALFS), a
          wholly owned subsidiary of Allianz Life Insurance Company of North America, serves as principal underwriter for the Contracts. ALFS is a limited liability company organized in Minnesota, and is located at 5701 Golden Hills Drive, Minneapolis, MN
          55416. ALFS is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as well as with the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority
          (FINRA). ALFS is not a member of Securities Investors Protection Corporation. More information about ALFS is available at finra.org or by calling 1-800-289-9999. You also can obtain an investor brochure from FINRA describing its Public Disclosure
          Program.
We have entered into a distribution agreement with
          ALFS for the distribution of the Contracts. ALFS also may perform various administrative services on our behalf.
We may fund ALFS operating and other expenses,
          including:
•
overhead,
•
legal fees,
•
accounting fees,
•
Financial Professional training,
•
compensation for the ALFS management team, and
•
other expenses associated with the Contracts.
Financial Professionals and their managers may also
          be eligible for various benefits, such as production incentive bonuses, insurance benefits, and non-cash compensation items that we may provide jointly with ALFS. Non-cash items include conferences, seminars and trips (including travel, lodging
          and meals in connection therewith), entertainment, awards, merchandise and other similar items.
ALFS does not itself sell the Contracts on a retail
          basis. Rather, ALFS enters into selling agreements with other broker-dealers registered under the 1934 Act (selling firms) for the sale of the Contracts. We pay sales commissions to the selling firms and their Financial Professionals. The maximum
          commission payable to the selling firms for Contract sales is expected to not exceed 6% of Purchase Payments. Sometimes, we enter into an agreement with a selling firm to pay commissions as a combination of a certain amount of the commission at
          the time of sale and a trail commission which, when totaled, could exceed 6% of Purchase Payments.
The following table shows the aggregate dollar
          amount of underwriting commissions paid to ALFS for each of the Allianz Life's last three fiscal years. The underwriter did not retain any part of the commissions.
2019
2020
2021
Commission paid
$ 20,237,295.11
$ 26,617,099.91
$ 31,835,148.47
We and/or ALFS may make bonus payments to certain
          selling firms based on aggregate sales of our variable insurance contracts (including this Contract) or persistency standards, or as part of a special promotion. These additional payments
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are not offered to all selling firms, and the terms of any
          particular agreement governing the payments may vary among selling firms. In some instances, the amount paid may be significant.
A portion of the payments made to selling firms may
          be passed on to their Financial Professionals. Financial Professionals may receive cash and non-cash compensation and other benefits. Ask your Financial Professional for further information about what they and their firm may receive in connection
          with your purchase of a Contract.
Commissions paid on the Contract, including other
          incentives or payments, are not charged directly to the Owners or the Separate Account. We intend to recover commissions and other expenses indirectly through fees and expenses imposed under the Contract.
Broker-dealers and their Financial Professionals
          and managers involved in sales of the Contracts may receive payments from us for administrative and other services that do not directly involve the sale of the Contracts, including payments made for recordkeeping, the recruitment and training of
          personnel, production of promotional literature and similar services. In addition, certain firms and their Financial Professionals may receive compensation for distribution and administrative services when acting in a wholesaling capacity and
          working with retail firms.
In certain instances, we and/or ALFS may make
          payments to a broker-dealer for inclusion of this Contract in its list of products that it offers for sale.
We and/or ALFS may pay certain selling firms
          additional marketing support allowances for:
•
marketing services and increased access to their Financial Professionals;
•
sales promotions relating to the Contracts;
•
costs associated with sales conferences and educational seminars;
•
the cost of client meetings and presentations; and
•
other sales expenses incurred by them.
We retain substantial discretion in determining
          whether to grant a marketing support payment to a particular broker-dealer firm and the amount of any such payment.
We may also make payments for marketing and
          wholesaling support to broker-dealer affiliates of Variable Options that are available through the variable annuities we offer.
Additional information regarding marketing support
          payments can be found in the Distributor section of the Statement of Additional Information.
Some Financial Professionals may have a financial
          incentive to offer you a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees and risks of both contracts, that it is better for you to purchase the new
          contract rather than continue to own your existing contract.
The Variable Options may assess a Rule 12b-1 fee.
          These fees are paid to ALFS as consideration for providing distribution and certain other services and incurring certain expenses permitted under the Variable Option's plan. These fees typically equal 0.25% of a Variable Option's average daily
          net assets.
In certain instances, an investment adviser and/or
          subadviser (and/or their affiliates) of a Variable Option may make payments for administrative services to ALFS or its affiliates.
We offer the Contracts to the public on a
          continuous basis. We anticipate continuing to offer the Contracts but reserve the right to discontinue the offering.
Additional Credits for Certain Groups
We may credit additional amounts to a Contract
          instead of modifying charges because of special circumstances that result in lower sales or administrative expenses or better than expected mortality or persistency experience.
Administration/Allianz Service Center
The Allianz Service Center performs certain
          administrative services regarding the Contracts and is located at 5701 Golden Hills Drive, Minneapolis, Minnesota. The Service Center mailing address and telephone number are listed at the back of this prospectus. The administrative and routine
          customer services performed by our Service Center include processing and mailing of account statements and other mailings to Owners, responding to Owner correspondence and inquiries. Allianz
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Life also contracts with Tata Consultancy Services (Tata) located
          at #42(P) & 45(P), Think Campus, Electronic City, Phase II, Bangalore, Karnataka 560100, India, to perform certain administrative services including:
•
issuance and maintenance of the Contracts,
•
maintenance of Owner records, and
•
routine customer service including:
–
processing of Contract changes,
–
processing withdrawal requests (both partial and total), and
–
processing requests for fixed annuity payments.
Services performed by Tata are overseen and quality
          control checked by our Service Center.
To reduce expenses, only one copy of most financial
          reports and prospectuses, including reports and prospectuses for the Variable Options, may be mailed to your household, even if you or other persons in your household have more than one contract issued by us or our affiliate. Call our Service
          Center at the toll-free telephone number listed at the back of this prospectus if you need additional copies of financial reports, prospectuses, or annual and semiannual reports, or if you would like to receive one copy for each contract in
          future mailings.
Legal Proceedings
We and our subsidiaries, like other life insurance
          companies, from time to time are involved in legal proceedings of various kinds, including regulatory proceedings and individual and class action lawsuits. In some legal proceedings involving insurers, substantial damages have been sought and/or
          material settlement payments have been made. Although the outcome of any such proceedings cannot be predicted with certainty, we believe that, at the present time, there are no pending or threatened legal proceedings to which we, the Separate
          Account, or ALFS is a party that are reasonably likely to materially affect the Separate Account, our ability to meet our obligations under the Contracts, or ALFS ability to perform its obligations.
Status Pursuant to Securities Exchange Act of 1934
Allianz Life hereby relies on the exemption
          provided by Rule 12h-7 under the Securities Exchange Act of 1934 from the requirement to file reports pursuant to Section 15(d) of that Act.
13.
Information
            on Allianz Life
Allianz Life is a stock life insurance company
          organized under the laws of the State of Minnesota in 1896. Our address is 5701 Golden Hills Drive, Minneapolis, MN 55416. We are a wholly owned subsidiary of Allianz of America, Inc. (AZOA), a financial holding company. AZOA is a wholly owned
          subsidiary of Allianz Europe, B.V., which in turn is a wholly owned subsidiary of Allianz SE, which is registered in Munich, Germany. We currently offer fixed index annuities, individual life insurance, and registered index-linked annuities. We
          are licensed to do direct business in 49 states and the District of Columbia.
Directors, Executive Officers and Corporate
          Governance
BOARD OF DIRECTORS
The Board currently consists of eight members,
          including our Chair, our President and Chief Executive Officer, our Chief Financial Officer and Treasurer, three independent outside board members, and two non-independent board members. Age and positions are provided as of December 31, 2021,
          except as otherwise noted.
The Board holds regular quarterly meetings,
          generally in February, April/May, July/August, and October/November of each year, and holds special meetings or takes action by unanimous written consent as circumstances warrant. There were two special meetings of the Board held in 2021. The
          Board has standing Executive, Audit, and Nomination, Evaluation and Compensation Committees, each of which is described in further detail below.
The current members of our Board are as follows.
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Andreas G. Wimmer
Director and Chair of the Board
Andreas G. Wimmer, age 47, currently serves as the
          Chair of Allianz Life's Board of Directors and as the Chair of its Executive Committee, effective January 1, 2022. Mr. Wimmer currently serves as a Member of the Board of Management of Allianz SE since October 2021. Previously, Mr. Wimmer served
          as the Chief Executive Officer of Allianz Lebensversicherungs-AG from January 2020 to March 2022 and as a Member of the Board of Management of Allianz Deutschland AG from January 2020 to October 2021, respectively. Previously, Mr. Wimmer served
          as a member of the Board of Management, Corp. Clients of Allianz Lebensversicherungs-AG from 2015 to 2019.
Mr. Wimmer brings to the Board extensive experience
          in the financial services and insurance industries, as well as extensive experience in investments and asset management, including serving as a Member of the Board of Management of Allianz SE, Asset Management, US Life Insurance.
Jasmine M. Jirele
Director, President, and Chief Executive Officer
Jasmine M. Jirele, age 44, joined Allianz Life in
          2018 and currently serves as the President and Chief Executive Officer and a member of the Board of Directors and its Executive Committee effective September 1, 2021. Ms. Jirele also serves as the Chair of the Board and the Chief Executive
          Officer of Allianz Life of New York. She also serves as the Chair of the Board of AZOA Services Corporation and as the Chair of its Shared Plans Management Committee. Ms. Jirele also serves as a Governor of Allianz Individual Insurance Group,
          LLC, TruChoice Financial Group, LLC, and Allianz Investment Management U.S. LLC, respectively. She also serves as director of Allianz Australia Life Insurance Holdings Limited and Allianz Australia Life Insurance Limited.
Previously, Ms. Jirele was a Governor of Allianz
          Investment Management LLC from January 1, 2021 to February 15, 2022. Ms. Jirele was also the Senior Vice President, Chief Growth Officer of Allianz Life from October 1, 2018 to August 31, 2021. In that role, Ms. Jirele was responsible for the
          oversight of new business strategy, product innovation, marketing, and corporate communications. Prior to that, Ms. Jirele was the Executive Vice President, Head of Customer Excellence at Wells Fargo Consumer Bank/Consumer Auto. Prior to that,
          Ms. Jirele spent nine years at Allianz Life as the Senior Vice President of Enterprise Operations from 2012 to 2015, Vice President of Market Management and Product Innovation from 2009 to 2012, Director of Executive Projects from 2007 to 2009,
          and Director of Marketing/Communications from 2006 to 2007, respectively.
Ms. Jirele brings to the Board extensive
          operations, product innovation, marketing and communications, growth strategy and insurance industry experience.
William E. Gaumond
Director, Senior Vice President, Chief Financial Officer and Treasurer
William E. Gaumond, age 48, joined Allianz Life in
          2004 and currently serves as Senior Vice President, Chief Financial Officer and Treasurer, and as a member of the Board of Directors since January 1, 2016. He also serves as a Director, the Chief Financial Officer and Treasurer and as a member of
          its Executive Committee and Chair of Finance Committee of Allianz Life of New York.
Mr. Gaumond also serves as the Chief Financial
          Officer of Allianz Foundation for North America, and as a Governor of Allianz Individual Insurance Group, LLC, TruChoice Financial Group, LLC, Allianz Life Financial Services, LLC, Allianz Investment Management U.S. LLC, and Allianz Strategic
          Investments, LLC, respectively. Mr. Gaumond also serves as a Director and President of Allianz Fund Investments, Inc., AZL PF Investments, Inc., and Dresdner Kleinwort Pfandbriefe Investments II, Inc., respectively. Mr. Gaumond is also a Director
          of Questar Agency, Inc., Questar Capital Corporation, Yorktown Financial Companies, Inc., Allianz of America, Inc., Allianz Real Estate of America LLC, Allianz Technology of America, Inc., and PFP Holdings, Inc., respectively. He is also a
          Director and the President of AZOA Services Corporation. Mr. Gaumond also serves as a Director and the Chief Financial Officer and Treasurer of Allianz Finance Corporation. Mr. Gaumond previously served as a Director of Questar Asset Management,
          Inc. from January 2016 to September 2021. Mr. Gaumond is responsible for all finance and risk management functions, with oversight of the controller, financial planning, treasury, and corporate risk management areas.
Mr. Gaumond brings to the Board extensive financial
          services, investment, and insurance industry experience, including serving as Chief Financial Officer and Treasurer of Allianz Life and Allianz Life of New York.
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Udo Frank
Director
Udo Frank, age 62, joined Allianz Life's Board of
          Directors on May 1, 2015 and also serves as the Lead Independent Director, the Chair of its Audit Committee and as a member of its Nomination, Evaluation and Compensation Committee and its Executive Committee. Mr. Frank has over 30 years of
          experience in the financial services and insurance industries. Mr. Frank worked for various Allianz SE investment and asset management affiliates from 1994 to 2014, including serving in numerous executive positions. In 2001, Mr. Frank was
          appointed as the Global Chief Executive Officer of RCM Capital Management, LLC. In 2012, he was appointed the Head of Product Management and Chief Marketing Officer of Allianz Global Investors – U.S.
Mr. Frank brings to the Board extensive experience
          in the financial services and insurance industries, as well as extensive experience in investments and asset management.
Anna Sophie Herken
Director
Anna Sophie Herken, age 50, joined Allianz Life's
          Board of Directors on October 1, 2019. She also serves as the Chair of Allianz Foundation for North America Board of Directors and as its President, effective October 15, 2021. She also serves as the Business Division Head of Allianz Asset
          Management GmbH since April of 2018. Ms. Herken also serves as a board member of CPIC Fund Management Ltd. since July 2019. Prior to that, Ms. Herken was Chief Financial Officer and Chief Operating Officer of Hasso Plattner Capital Germany from
          2016 to 2018, Managing Director of Hertie School of Governance GmbH from 2011 to 2016. Ms. Herken holds an MBA from the University of Cambridge, Law and Judge Degrees.
Ms. Herken brings to the Board extensive experience
          in the financial service industry, as well as extensive experience in working for international financial organizations with a focus on finance and asset management.
Kevin E. Walker
Director
Kevin E. Walker, age 59, joined Allianz Life's
          Board of Directors on May 23, 2017, and also serves as a member of its Audit Committee and Chair of its Nomination, Evaluation and Compensation Committee. Mr. Walker also serves on the Board of Directors of Allianz Life of New York as of October
          1, 2018. Mr. Walker serves as the Chair and Director of Allianz Reinsurance America, Inc., and is a member of its Audit Committee since January 1, 2017. Mr. Walker has over 30 years of insurance and financial services experience. Mr. Walker
          served at various Allianz affiliates throughout his career, most recently as the President and Chief Executive Officer of Allianz Reinsurance America, Inc. from 2015 to 2016. Mr. Walker has also served as a director and officer for several other
          Allianz affiliates.
Mr. Walker brings to the Board extensive experience
          in the insurance industry, as well as extensive experience in finance and operations.
Walter R. White
Director
Walter R. White, age 65, joined Allianz Life in
          2009, became an Allianz Life Board member in 2012. Previously, Mr. White served as the President and Chief Executive Officer from January 1, 2012 through September 1, 2021, and most recently as Senior Advisor through December 31, 2021. Mr. White
          also previously served as the Chair of the Board and the Chief Executive Officer of Allianz Life of New York, and as a Board member and the President of AZOA Services Corporation and served as the Chair of its Shared Plans Management Committee.
          Mr. White also served as a Governor of Allianz Individual Insurance Group, LLC, Allianz Investment Management LLC, Allianz Investment Management U.S. LLC, and TruChoice Financial Group, LLC, respectively. In addition, Mr. White previously served
          as a Director of Questar Capital Corporation and Questar Agency, Inc. Mr. White served as Chair, Chief Executive Officer and President of Allianz Life and Annuity Company from 2012 to 2017.
Mr. White brings to the Board extensive financial
          services and brokerage experience as well as key strategic planning and leadership skills developed as the former President and Chief Executive Officer of Allianz Life and the former President of Woodbury Financial.
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Howard E. Woolley
Director
Howard E. Woolley, age 64, joined Allianz Life's
          Board of Directors on May 1, 2020 and is a member of its Audit Committee and its Nomination, Evaluation and Compensation Committee. In 2015, Mr. Woolley formed Howard Woolley Group LLC, a strategic business and public policy firm serving leading
          technology and wireless industry clients, and serves as its President. He is a leader in the field of regulatory risk management, public policy, and government affairs. Mr. Woolley is an NACD Leadership Fellow and an international member of the
          Australian Institute of Company Directors. Howard serves on the board of directors of Apple Hospitality REIT, Inc., a publicly traded real estate investment trust that owns hotels across the United States. He also serves as the Lead Independent
          Director, Chair of the Nominations and Governance Committee and is a member of the Compensation Committee for telecommunications company SOMOS Inc. He serves on the boards of trustees for Johns Hopkins Medicine, Johns Hopkins University and
          Syracuse University. Mr. Woolley is co-chair of the Johns Hopkins University & Medicine External Affairs Committee and serves on the Johns Hopkins Medicine Executive Committee and the Syracuse University Audit and Academic Affairs Committees.
Mr. Woolley brings to the Board more than 20 years
          of extensive board experience and brings a wealth of experience and insights in several areas, including risk management.
EXECUTIVE OFFICERS
The current executive officers (other than Ms.
          Jirele and Mr. Gaumond) are as follows. Age and positions are provided as of December 31, 2021, except as otherwise noted.
Eric J. Thomes
Senior Vice President, Chief Distribution Officer
Eric J. Thomes, age 49, joined Allianz Life in 1995
          and currently serves as the Senior Vice President, Chief Distribution Officer of Allianz Life since April 1, 2019. He also serves as the President and a Director of Allianz Life of New York. Mr. Thomes also serves as a Governor, and as the Chief
          Executive Officer and Chief Manager of Allianz Life Financial Services, LLC. Mr. Thomes also serves as a Governor of Allianz Individual Insurance Group, LLC, and TruChoice Financial Group, LLC, respectively. He also serves as the Chair and as a
          Director of Yorktown Financial Companies, Inc., Questar Agency, Inc. and Questar Capital Corporation, respectively. Mr. Thomes is responsible for the development, design and implementation of Allianz Life's and Allianz Life of New York's sales
          and distribution strategies. Prior to his current roles, Mr. Thomes served as the Field Senior Vice President, FMO Sales from 2009 to 2019. He also served as the President of Allianz Individual Insurance Group, LLC from 2005 to 2018 and as a
          Director of Questar Asset Management, Inc. from April 2019 to September 2021, respectively.
Gretchen Cepek
Senior Vice President, General Counsel, and Secretary
Gretchen Cepek, age 53, joined Allianz Life in 2009
          and currently serves as Senior Vice President, General Counsel and Secretary since February 17, 2012. In this role, Ms. Cepek is responsible for the legal, ethics, and compliance departments as well as government relations and the special
          investigations unit. She also serves as the Chief Legal Officer and Secretary of Allianz Life of New York, and General Counsel and Secretary of AZOA Services Corporation. Previously, Ms. Cepek served as the Secretary for Allianz Life and Annuity
          Company from 2012 to 2017, and the Vice President of Legal Business Operations, Distribution and Product Development of Allianz Life from 2009 to 2012. Ms. Cepek received her J.D. from Valparaiso University School of Law in 1993.
Susan M. Sachatello
Senior Vice President, Chief Growth Officer
Susan M. Sachatello, age 55, joined Allianz Life in
          September 2021 and currently serves as the Senior Vice President, Chief Growth Officer and as a Governor of Allianz Strategic Investments LLC. Ms. Sachatello leads development of the Company's strategy, and has overall accountability for New
          Markets, Ventures, Product Innovation, Enterprise Marketing and Experience Management, Strategic Communications, Community Engagement and Sponsorships, and Enterprise Agile.
Previously, Ms. Sachatello was the Chief Marketing
          and Sales Officer of Principal Advisory Services within Principal Financial Group from May 2020 to September 2021 where she built a team to deliver effective marketing, strategy, distribution and customer and advisor experience for a
          board-directed growth business extending the strength in group distribution into a new Individual business model across Retirement, Annuity and Life product lines. Ms. Sachatello was
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also the Senior Vice President, Marketing and Customer Experience
          of CUNA Mutual Group from 2011 to 2020 where she directed strategy, CX, marketing, sales and customer operations for a $1.4B business selling life, health and auto insurance. Ms. Sachatello also held Chief Marketing Officer positions for Lands'
          End, LBrands, and DoubleClick (now Google Ad Manager). Ms. Sachatello holds a Bachelor of Arts degree in Economics and English from the University of Richmond, and a Master of Business Administration from the College of William and Mary.
Neil H. McKay
Senior Vice President, Chief Actuary
Neil H. McKay, age 60, joined Allianz Life in 1999
          and currently serves as the Senior Vice President, Chief Actuary of Allianz Life since May 15, 2000. Mr. McKay also serves as the Chief Actuary of Allianz Life of New York since April 8, 2014. He also served as a Director and the Chief Actuary of
          Allianz Life and Annuity Company from 2007 to 2017. Mr. McKay is responsible for all of the actuarial functions of Allianz Life and Allianz Life of New York, including the actuarial assumptions underlying its products and the rate setting
          associated with existing and new products.
Todd M. Hedtke
Senior Vice President, Chief Investment Officer
Todd M. Hedtke, age 49, joined Allianz Life in 2000
          and currently serves as the Senior Vice President, Chief Investment Officer since August 21, 2015. He also currently serves as the Chief Investment Officer of Allianz Life of New York, and the Chief Investment Officer of Allianz Life Insurance
          Company of Missouri, LLC, respectively. Mr. Hedtke is a Director and the President of Allianz Finance Corporation, and a Director and Vice President and Treasurer of Allianz Fund Investments Inc., AZL PF Investments Inc., and Dresdner Kleinwort
          Pfandbriefe Investments II Inc., respectively. He also serves as a Governor and the Chief Executive Officer of Allianz Investment Management LLC and of Allianz Investment Management U.S. LLC, and Allianz Strategic Investments, LLC, respectively,
          and as the Chair of the Benefit Plans Investment Committee for AZOA Services Corporation. Mr. Hedtke leads the investment management, liquidity planning, hedging, and trading functions at Allianz Life. He is also a member of the global Allianz
          Investment Management Board, which serves the Allianz Group of insurance companies. Prior to his current role, Mr. Hedtke spent 15 years in a number of investment-related positions at Allianz Life and its affiliates, including as a Director and
          the Chief Investment Officer of Allianz Life and Annuity Company from 2015 to 2017.
Jenny L. Guldseth
Senior Vice President, Chief Human Resources Officer
Jenny L. Guldseth, age 46, joined Allianz Life in
          2005 and currently serves as the Senior Vice President, Human Resources Officer since January 1, 2019. In this position, Ms. Guldseth is responsible for setting strategy and leading the Human Resources and Facilities departments to improve
          business results and increase employee engagement. Ms. Guldseth is also a Director of the Allianz Foundation for North America, the Chief Human Resources Officer of AZOA Services Corporation, and the Chair of its Employee Benefits Administration
          Committee and a member of its Benefit Plans Investment Committee and the Shared Plans Management Committee, respectively. Ms. Guldseth has over ten years of experience at Allianz Life, including having served as the Vice President, Rewards and
          Performance from 2017 to 2018, the Assistant Vice President of Rewards and Performance from 2013 to 2017, and Manager, Human Resource Business Partner from 2010 to 2013. In these positions, she was responsible for the Performance and Compensation
          functions for Allianz Life and the benefits functions for multiple U.S.-based affiliate companies.
CORPORATE GOVERNANCE
Committees of the Board
The Executive Committee of the Board ("Executive
          Committee") is currently composed of Mr. Wimmer (Chair), effective January 1, 2022, and Ms. Jirele (who replaced Mr. White as a committee member as of September 1, 2021) and Mr. Frank. The function of the Executive Committee is to exercise the
          authority of the Board between meetings of the Board, with the exceptions set forth in Allianz Life's By-Laws. The Executive Committee did not meet in 2021.
The Audit Committee of the Board is currently
          composed of Messrs. Frank (Chair), Walker and Woolley. The Audit Committee is responsible for overseeing Allianz Life's accounting and financial reporting and control processes on behalf of the Board, which includes assisting with Board oversight
          of (1) quality and integrity of Allianz Life's financial statements, (2) Allianz Life's compliance with legal and regulatory requirements, (3) the qualifications, independence and fees of the independent-auditors, (4) Allianz Life's system of
          internal controls and (5) the performance of Allianz Life's internal audit function. The Board has determined that each member of the Audit Committee is financially literate. The Audit Committee met four times in 2021.
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The Nomination, Evaluation and Compensation
          Committee (NEC Committee) is currently composed of Messrs. Walker (Chair), Frank and Woolley. The NEC Committee's purpose is to (1) nominate candidates for director for election, (2) evaluate the performance of officers deemed to be "principal
          officers," and (3) recommend to the Board the selection and compensation of the "principal officers." The NEC Committee met once in 2021.
Independence of Certain Directors
Allianz Life is not subject to the independence
          standards of the New York Stock Exchange or any other national securities exchange, but is subject to the independence standards required under the Model Audit Rule. Applying the independence standards of the Model Audit Rule to the current
          members of the Board, the Board has determined that Messrs. Frank, Walker and Woolley are "independent" under the Model Audit Rule.
Code of Ethics
All of our officers and employees, including our
          Chief Executive Officer, Chief Financial Officer and Controller, are subject to Allianz Life's Code of Ethics.
Executive Compensation
Compensation
            Discussion and Analysis
In this section, we provide an overview of the
          goals and principal components of our executive compensation program and describe how we determine the compensation of our "Named Executive Officers" or "NEOs." For 2021, our NEOs were:
•
Walter R. White,
President and Chief Executive Officer
(1)
•
Jasmine M. Jirele
, President and Chief Executive Officer
(2)
•
William E. Gaumond
, Senior Vice President, Chief Financial Officer and Treasurer
•
Eric J. Thomes
, Senior Vice President, Chief Distribution Officer
•
Neil H. McKay
, Senior Vice President, Chief Actuary
•
Gretchen Cepek
, Senior Vice President, General Counsel, and Secretary
(1)
Mr. White served as President and Chief Executive Officer until September 1, 2021, he then transitioned to Senior Advisor until his retirement on December 31, 2021.
(2)
Ms. Jirele has served as President and Chief Executive Officer since September 1, 2021, prior to that she was the Senior Vice President, Chief Growth Officer.
The details of each NEO's compensation may be found
          in the Summary Compensation Table and other compensation tables included in this Executive Compensation section.
Executive
            Summary
Allianz Life's compensation programs are intended
          to align our NEOs' interests with those of our ultimate stockholder, Allianz SE, the ultimate parent company of Allianz Life. Allianz Life's compensation programs are designed to reward performance that meets or exceeds the goals established by
          the Compensation Committee, a management committee of Allianz Life. Allianz Life is tasked with establishing the executive compensation philosophy. In line with Allianz Life's compensation philosophy described below, the total compensation
          received by our NEOs will vary based on individual and corporate performance in light of annual and long-term performance goals. Our NEOs' total compensation is composed of a mix of annual base salary, annual cash awards based on corporate
          objectives and executive performance factors and long-term equity incentive awards in the form of restricted stock units of the equity securities of Allianz SE.
Compensation
            Philosophy and Strategy
Overview
The overriding goal of Allianz Life's executive
          compensation programs is to attract, retain and motivate top-performing executive officers who will dedicate themselves to long-term financial and operational success. To this end, Allianz Life has structured the executive compensation programs
          to foster a pay-for-performance management culture by:
•
providing total compensation opportunities that are competitive with the levels of total compensation available at the large diversified financial services companies with which Allianz Life most directly competes in the
                  marketplace;
•
setting performance metrics and objectives for variable compensation arrangements that reward executives for attaining both annual targets and long-term business objectives, thereby providing individual
                  executives with the opportunity to earn above-average compensation by achieving above-average results;
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•
establishing equity-based arrangements that align executives' financial interests with those of Allianz SE by ensuring executives have a material financial stake in the equity value of Allianz SE and the business success of
                  its affiliates; and
•
structuring compensation packages and outcomes to foster internal pay equity.
Compensation Components
To support this pay-for-performance strategy,
          Allianz Life's total compensation program provides a mix of compensation components that bases the majority of each executive's compensation on their success and on an assessment of each executive's overall contribution to that success.
Compensation Element
Description
Objective
Base Salary
Fixed rate of pay that compensates employees for fulfilling their basic job responsibilities. For NEOs, increases are generally
                  provided in the case of a significant increase in responsibilities or a significant discrepancy versus the market.
Attract and retain high-caliber leadership.
Annual Incentive Plan
Incentive compensation that promotes and rewards the achievement of annual performance objectives through awards under the
                  Allianz Life Annual Incentive Plan ("AIP").
• Link compensation to annual performance results.
• Attract and motivate high-caliber leadership.
• Align the interests of NEOs and our stockholder.
Performance-Based Equity Incentives
Incentive compensation through restricted stock unit awards made under the Allianz Equity Incentive Plan ("AEI") that promotes
                  and rewards the achievement of long term performance objectives.
• Retain high-caliber leadership with multi-year vesting.
• Align the interests of NEOs and our stockholder.
Severance Arrangements
Severance payments to employees, including NEOs, under certain company-initiated termination events.
Compensate employees for situations where the employee's employment is involuntarily terminated in a qualifying termination of employment.
Perquisites-Benefits
Perquisites provided to our NEOs include employer matching contributions to the NEOs' accounts in the 401(k)
                  plan and may also include the payment of life insurance premiums, relocation reimbursements, and reimbursements for financial planning, tax preparation services, and spousal travel expenses.
Provide market competitive total compensation package.
In addition, Allianz Life offers all employees,
          including our NEOs, broad-based benefits, including comprehensive medical, dental and vision insurance, group term life insurance and participation in a 401(k) plan.
How
            Compensation Decisions Are Made
Role of the Board of Directors and Compensation
          Committee
The framework governing the executive compensation
          policies for Allianz Life, except as such policies relate to the compensation for the Chief Executive Officer, is set through the Compensation Committee of Allianz Life. Decisions affecting the compensation of the Chief Executive Officer are
          outside the scope of the Allianz Life Compensation Committee. Any such decisions are made by Allianz SE, subject to review by the NEC Committee, and final approval by Allianz Life's Board of Directors. With respect to the compensation of other
          "principal officers" selected by the Board for purposes of the duties of the NEC Committee under Minn. Stat. § 60D.20, subd. 3(d), the Compensation Committee's decisions are similarly subject to review by the NEC Committee and final approval by
          Allianz Life's Board. The "principal
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officers" include the Chief Executive Officer, Chief Financial
          Officer, and General Counsel. Allianz Life's Board has delegated the following responsibilities to the Compensation Committee:
•
In general, establish the compensation philosophy and strategy of Allianz Life and oversee the development and implementation of compensation, benefit, and perquisite programs for corporate executives consistent with the
                  principles of ensuring that leadership is compensated effectively in a manner consistent with the stated compensation strategy, internal equity considerations, competitive practices, shareholder interests, and the requirements of any
                  applicable regulatory bodies in order to attract and retain high-quality leadership. This responsibility includes periodic review of Allianz Life's compensation programs to pursue certain goals, with the expectation that changes will be
                  made periodically to ensure these goals are attained.
•
Review and approve the establishment of, or material modification to, any executive incentive compensation plans or programs for Allianz Life.
•
Review and approve any special benefits or perquisites in effect for, or offered to, any prospective, current or former Allianz Life employee, regardless of the employee's level or assignment within Allianz Life. Such
                  benefits and perquisites are those that are unusual or different from the benefits offered to all similarly-situated employees.
•
Review and approve any employment agreements proposed to be made with any prospective or current employee of Allianz Life.
•
Review and approve any individual severance agreement with any Allianz Life officer. This does not include an arrangement where the employee receives severance or incentive payments under existing terms of a broad-based
                  benefit or compensation plan.
•
Oversee Allianz Life's compliance with regulations with respect to compensation matters and adopt and monitor adherence to global and local process requirements and timelines, including those required
                  under the Corporate Rules (as defined under the Allianz Life Standard for Corporate Rules) mandated by Allianz SE.
The Compensation Committee will at all times be
          composed of at least three members who are appointed by the full Board of Directors of Allianz Life. The Compensation Committee currently consists of the following members: the Chair of the Board, the Chief Executive Officer, and the Chief Human
          Resources Officer. The Compensation Committee also utilizes internal personnel to provide advice to the Compensation Committee regarding market trends in compensation policies at competing companies and on a more macro level.
Following its review and decision, the Compensation
          Committee produces and submits a report on executive compensation to Allianz Life's Board of Directors at its request. With respect to the compensation of "principal officers" selected by Allianz Life's Board for purposes of the duties of the NEC
          Committee under Minnesota Statutes § 60D.20, subd. 3(d), the Compensation Committee produces and submits a report on executive compensation proposed for the designated "principal officers" to the NEC Committee for its review and recommendation to
          Allianz Life's Board for final approval.
Role of the Chief Executive Officer
Our Chief Executive Officer assists the
          Compensation Committee in its review of the total compensation of all the NEOs except themself. The Chief Executive Officer provides the Compensation Committee with their assessment of the NEOs' respective performance relative to the corporate
          and individual goals and other expectations set for them for the preceding year. The Chief Executive Officer then provides their recommendation for each NEO's total compensation and the appropriate goals for each NEO in the year to come. However,
          the Compensation Committee is not bound by the Chief Executive Officer's recommendations.
Role of Allianz Life's Human Resources
Allianz Life's Human Resources supports the
          Compensation Committee on executive compensation matters by being responsible for many of the organizational and administrative tasks that underlie the compensation review and determination process and making presentations on various topics.
          Allianz Life's Human Resources efforts include, among other things:
•
evaluating the compensation data from industry groups, national executive pay surveys, and other sources for the NEOs and other executive officers as appropriate;
•
gathering and correlating performance ratings and reviews for individual executive officers, including the NEOs;
•
reviewing executive compensation recommendations against appropriate market data and for internal consistency and equity; and
•
reporting to, and answering requests for information from, the Compensation Committee.
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Allianz Life's Human Resources officers also
          coordinate and share information with their counterparts at Allianz SE.
Use of
            Competitive Compensation Data
Because Allianz Life competes most directly for
          executive talent with other large diversified financial services companies, Allianz Life regards it as essential to regularly review the competitiveness of the total compensation programs for executives to ensure that Allianz Life provides
          compensation opportunities that compare favorably with the levels of total compensation offered to similarly situated executives by other companies that participate in the compensation surveys in which Allianz Life participates. Allianz Life
          relies primarily on external market surveys of corporate compensation and benefits published by various national compensation consulting firms, especially salary surveys focusing on insurance companies. In addition, other factors taken into
          account include the average revenues and number of employees of companies that participate in such surveys.
All these information sources are employed to
          measure and compare actual pay levels not only on an aggregate, total compensation basis, but also to break down the total compensation program component by component to review and compare specific compensation elements as well as the particular
          mixes of fixed versus variable, short-term versus long-term, and cash versus equity-based compensation at the surveyed companies. This information, as collected and reviewed by Allianz Life's Human Resources, is submitted to the Compensation
          Committee for review and discussion.
Internal Pay Equity Analysis
Allianz Life's compensation programs are designed
          with the goal of providing compensation to our NEOs that is fair, reasonable, and competitive. To achieve this goal, Allianz Life believes it is important to compare compensation paid to each NEO not only with compensation paid by the surveyed
          companies, as discussed above, but also with compensation paid to each of our other NEOs. Such an internal comparison is important to ensure that compensation is equitable among our NEOs.
Components
            of Total Compensation For Our NEOs
Allianz Life provides total compensation to our
          NEOs that consists of several components. These components include the three components of the total compensation program (i.e., base salary, annual incentives, and equity) as well as: (i) retirement, health, and other benefit programs; (ii)
          severance benefits; and (iii) perquisites.
Base Salary
Allianz Life's philosophy is to make base salary a
          relatively small portion of the overall compensation package for our NEOs, which Allianz Life believes is common in the industry in which we operate. The amount of the base salary awarded to NEOs is based on the position held, the NEO's tenure,
          the scope of the position's responsibilities, and the NEO's own performance, all of which are reviewed with the aid of market survey data. Using this data, Allianz Life maintains a 50th percentile pricing philosophy, comparing base salaries
          against the median for comparable salaries at surveyed companies, unless exceptional conditions require otherwise.
With respect to the base salary of our Chief
          Executive Officer, the Chair of the Board considered the Chief Executive Officer's experience, performance, and contribution to overall corporate performance when determining their base salary for 2021 for recommendation to the NEC Committee.
          Base salaries for our other NEOs for 2021 were also set by the Compensation Committee based upon each NEO's individual experience and contribution to the overall performance of Allianz Life, and subject to Allianz SE Compensation Committee
          reviews and, with respect to the base salaries of "principal officers" selected by Allianz Life's Board of Directors for purposes of the duties of the NEC Committee under Minnesota Statutes § 60D.20, subd. 3(d), subject to NEC Committee review
          and recommendation to Allianz Life's Board for final approval.
AIP
Allianz Life offers annual cash bonuses to certain
          executive officers under the AIP. The AIP is designed to improve performance and profitability by motivating employees to accomplish organizational objectives and financial goals. Bonus awards that may be paid pursuant to the AIP are within the
          sole discretion of the Compensation Committee, and with respect to our CEO, the Chair of the Board, and are intended to:
•
reward the performance of participants who have made significant contributions to the achievement of annual goals and objectives;
•
provide an incentive that will encourage future superior individual performance; and
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•
encourage the retention of employees who have demonstrated exceptional performance and/or are anticipated to significantly contribute to the long-term success of Allianz Life.
Following the performance year, the Compensation
          Committee approved a specific amount of cash awards to be made pursuant to the AIP to executive officers, including our NEOs, for the 2021 performance year. The amount determined to be available for such awards was at the discretion of the
          Compensation Committee and was dependent upon many factors as outlined previously, including, but not limited to, current financial performance and contributions of our NEOs in achieving performance objectives, and with respect to the awards to
          the "principal officers" selected by Allianz Life's Board for purposes of the duties of the NEC Committee under Minnesota Statutes § 60D.20, subd. 3(d), subject to NEC Committee review and recommendation to Allianz Life's Board for final
          approval.
AEI
The AEI is (a) one part of the variable
          compensation component for certain individuals within designated classes of employees at Allianz Life or (b) offered by Allianz Life to select senior employees as an additional part of their variable compensation on a case by case basis. The AEI
          is granted in the form of restricted stock units of Allianz SE ("RSUs"). The award of RSU's are intended to:
•
reward the performance of participants who have made significant contributions to the achievement of their company's annual goals and objectives,
•
provide an incentive that will encourage future superior individual performance, and
•
encourage the retention of employees who have demonstrated exceptional performance and/or are anticipated to significantly contribute to the long-term success Allianz.
Awards made pursuant to the AEI are based upon both
          the performance of Allianz Life and Allianz Life of New York and the performance of the NEO. The Compensation Committee (and, with respect to those NEOs that are "principal officers" for purposes of the NEC Committee's duties, the NEC Committee
          with final approval of Allianz Life's Board of Directors) reviewed the performance of our NEOs following the end of our 2021 fiscal year relative to the AEI allocation amount.
Benefit Perquisites
Allianz Life provides our NEOs with certain limited
          perquisites. All of our employees, including our NEOs, may participate in the qualified 401(k) plan. Allianz Life and Allianz Life of New York generally provide our executive officers, including our NEOs, with a matching contribution up to
          $21,750 annually. In addition, Allianz Life and Allianz Life of New York provide excess liability insurance coverage to all of our NEOs and provide financial planning and tax preparation services, relocation reimbursements, and reimbursements of
          spousal travel expenses to certain of our NEOs. The incremental costs of perquisites for the NEOs during 2021 are included in the column entitled "All Other Compensation" in the Summary Compensation Table included in this section.
Certain Retention Arrangements
Allianz Life's offer letter to Jasmine M. Jirele
          included a retention bonus arrangement related to her onboarding in her capacity as Senior Vice President, Chief Growth Officer. The retention bonus payments will be paid through 2022 so long as she remains employed with Allianz Life, and the
          arrangement requires repayment of certain amounts if Ms. Jirele voluntarily terminates her employment within a certain period.
Severance Arrangements
Allianz Life entered into an Executive Severance
          Agreement with our former President, and Chief Executive Officer, Walter R. White, which is described in the "Allianz Life Executive Severance Agreement" discussion later in this section. We have not entered into any other specific severance
          agreements with any of our NEOs.
The remainder of our NEOs are eligible for
          severance payments under the Executive Severance Plan if they experience a qualifying termination of employment and otherwise satisfy the conditions set forth in the plan.
Other than the Executive Severance Plan, which is
          described later in this section, our NEOs (except for Jasmine M. Jirele) are not eligible for severance payments. Certain of our executive officers receive offer letters which set forth the terms relating to base salary, sign-on incentives, and
          equity compensation. However, Allianz Life does not view these offer letters as employment agreements as each offer letter states that employment with Allianz Life is "at will."
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Other
            Compensation Policies
Tax and Accounting Implications
Stock-Based
            Compensation
. Stock-based compensation, comprised of Allianz SE restricted stock units (RSUs) granted pursuant to the AEI, are accounted for in accordance with the requirements of Financial Accounting Standards Board Accounting Standards
          Codification ("FASB ASC") Topic 718. The fair value of the RSUs at grant is the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor system) on that day and the nine
          immediately preceding trading days, less the present value of dividends expected to be paid on one Allianz SE share over the vesting period, and less the fair value of payout restrictions deriving from the vesting period and the payout cap.
Recently Discontinued Compensation Programs
The purpose of the ALTPUP was to advance the
          interests of Allianz Life, including Allianz Life of New York, and our indirect stockholder. The ALTPUP sought to accomplish this purpose by providing an incentive in addition to current compensation to certain individuals within designated
          classes of employees of Allianz Life who contribute significantly to their company's long-term performance. Such incentive was in the form of Long-Term Performance Units ("ALTPUP Units"), which were contingent awards, subject to the terms,
          conditions, and restrictions described in the ALTPUP and the Award Agreement under which such awards were made, by which participants in the ALTPUP may have become entitled to receive cash on the payment date for redemption of the ALTPUP Units
          valued on the valuation date. The award of ALTPUP Units was discretionary. In March 2020, the Group Compensation Committee determined all Allianz entities would move forward with the Allianz SE long term incentive program or AEI. As a result, the
          ALTPUP program has been discontinued and provided a final grant in March 2020 for 2019 performance. The final payout under the ALTPUP program is expected to occur in 2023.
Walter R. White, our former Chief Executive
          Officer, received cash awards pursuant to the terms of the Allianz SE Mid-Term Bonus Plan instead of the ALTPUP. Like the ALTPUP, the Mid-Term Bonus Plan has been discontinued, so the award with respect to 2019 performance was the final award
          made under the Mid-Term Bonus Plan.
Summary
            Compensation Table
The following table sets forth the compensation
          paid by Allianz Life for the year ended December 31, 2021 to our NEOs. The executive compensation information in this prospectus is shown for a one-year period.
Name and Principal
Position
(a)
Year
(b)
Salary
(c)
Bonus
(d)
Stock
Awards
(e)
(3)
Non-Equity
Incentive Plan Compensation
(g)
All Other
Compensation
(i)
(4)
Total
(j)
Walter R. White
President and Chief Executive Officer
2021
$865,100
$300,000
$2,335,770
$1,557,180
$22,665
$5,080,715
Jasmine M. Jirele
(1,2)
President and Chief Executive Officer
2021
$561,958
$390,000
$1,068,303
$712,202
$22,516
$2,754,979
William E. Gaumond
Senior Vice President, Chief Financial Officer and Treasurer
2021
$475,900
$300,000
$770,958
$513,972
$22,437
$2,083,267
Eric J. Thomes
Senior Vice President, Chief Distribution Officer
2021
$535,500
$320,000
$867,510
$578,340
$22,548
$2,323,898
Neil H. McKay
Senior Vice President, Chief Actuary
2021
$510,000
$50,000
$926,200
$550,800
$24,397
$2,061,397
Gretchen Cepek
Senior Vice President, General Counsel and Secretary
2021
$469,500
$110,000
$733,825
$422,550
$22,167
$1,758,042
(1)
Represents compensation paid during her time as Senior Vice President, Chief Growth Officer and President and Chief Executive Officer.
(2)
A retention bonus of $800,000 will be paid over four years in increments of $200,000 with the first payment paid in March 2019 and the final payment in 2022 so long as Ms. Jirele remains employed by Allianz Life.
(3)
Represents the grant date fair value of the RSUs issued pursuant to the AEI. The RSUs vest over a four-year period. The RSUs issued in 2022 for the 2021 performance year have a March 2026 exercise date.
                  The grant price of the RSUs was the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor system) on the date of grant and the nine immediately preceding
                  trading days, less the present value of dividends expected to be paid on one Allianz SE share over the vesting period, and less the fair
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value of the payout restrictions deriving from the vesting period and the payout cap. These numbers show the amount realized for financial reporting purposes as calculated in accordance with the FASB ASC Topic 718. Under
                  FASB ASC Topic 718, the grant date fair value is calculated using the closing market price of the common stock of Allianz SE on the date of grant, which is then recognized over the requisite service period of the award.
(4)
The following table provides additional details regarding compensation found in the "All Other Compensation" column.
Name
Year
Spousal
Travel
(5)
Milestone/
Anniversary/
Recognition
(6)
Life Insurance
Premiums
Employer Match
to 401(k) Plan
ASAAP
Contribution
(7)
Total
Walter R. White
2021
--
--
$915
$21,750
--
$22,665
Jasmine M. Jirele
2021
--
$350
$416
$19,500
$2,250
$22,516
William E. Gaumond
2021
--
--
$687
$19,500
$2,250
$22,437
Eric J. Thomes
2021
--
--
$798
$19,500
$2,250
$22,548
Neil H. McKay
2021
$200
$1,700
$747
$21,750
--
$24,397
Gretchen Cepek
2021
--
--
$417
$21,750
--
$22,167
(5)
Represents reimbursement or payments made to defray the costs of a spouse's travel.
(6)
Represents Milestone Anniversary Program, which pays a bonus at three and five year anniversaries, and then every five years thereafter.
(7)
Represents company matching contribution to the Allianz Supplemental Asset Accumulation Plan for deferrals in excess of IRS compensation limit.
Performance-Based
            Incentive Compensation Plans
AIP
The AIP is intended to provide an incentive that
          will encourage superior individual performance and encourage retention of employees who have demonstrated exceptional performance or who are anticipated to significantly contribute to the long-term success of Allianz Life. The AIP seeks to
          accomplish this purpose by providing a bonus opportunity to eligible employees who have made significant contributions during the plan year to the achievement of annual goals and objectives. The guidelines for target awards are meant to be
          illustrative of competitive market bonuses for similar job levels in the marketplace. While the target awards may be used for illustrative, budget planning, or distribution scenarios, all bonus awards are discretionary and are in no way
          guaranteed.
The Compensation Committee or other duly authorized
          committee determines allocation of bonus awards to employees. With respect to "principal officers" for purposes of the NEC Committee's duties, the NEC Committee recommends to Allianz Life's Board of Directors awards for final approval.
AEI
The AEI is designed to recognize the participant's
          continuous employment with Allianz Life over the relevant period and shall be an incentive to continue employment. Grants under the AEI will generally only be made if the participant is employed with Allianz Life at the date of grant. Payments
          will be made only if the participant remains employed with Allianz Life during the vesting period of the RSU, or leaves employment under circumstances set out in the AEI, including after retirement or early retirement eligibility, disability, or
          under certain other circumstances. The securities issuable under the AEI are RSUs. An RSU constitutes the right to receipt of the market value of Allianz SE common stock at the time of exercise. This amount will be paid in cash. RSUs are subject
          to a four-year vesting period. At the end of the four-year vesting period, the RSUs are exercised uniformly for all participants, provided they remain employed by Allianz Life, terminate after retirement or early retirement eligibility, or under
          certain other circumstances. Vesting and exercise may accelerate if a participant leaves employment under other "good leaver" circumstances set forth in the AEI. The grant at fair value cannot be greater than 165% of a participant's target
          amount. The maximum value of an exercise is an increase of 200% over the grant value (i.e., 300% of the grant value).
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Grants of
            Plan-Based Awards
The following table provides additional information
          about plan-based compensation disclosed in the Summary Compensation Table. This table includes both equity and non-equity awards granted for the year ended December 31, 2021.
Name
(a)
Grant Date
(b)
Estimated Future Payouts Under Non-Equity Incentive Plan Awards
(1)
Estimated Future Payouts Under Equity Incentive Plan Awards
(2,3)
Threshold ($)
(c)
Target ($)
(d)
Maximum ($)
(e)
Threshold ($)
(f)
Target ($)
(g)
Maximum ($)
(h)
Walter R. White
3/4/2022
RSUs (under AEI)
$0
$1,557,180
$7,007,310
AIP Award
$0
$1,038,120
$1,557,180
Jasmine M. Jirele
3/4/2022
RSUs (under AEI)
$0
$712,202
$3,204,909
AIP Award
$0
$474,802
$949,604
William E. Gaumond
3/4/2022
RSUs (under AEI)
$0
$513,972
$2,312,874
AIP Award
$0
$342,648
$513,972
Eric J. Thomes
3/4/2022
RSUs (under AEI)
$0
$578,340
$2,602,530
AIP Award
$0
$385,560
$578,340
Neil H. McKay
3/4/2022
RSUs (under AEI)
$0
$550,800
$2,478,600
AIP Award
$0
$367,200
$550,800
Gretchen Cepek
3/4/2022
RSUs (under AEI)
$0
$422,550
$1,901,475
AIP Award
$0
$281,700
$422,550
(1)
The target and maximum columns show the target award and maximum award for 2021 for each NEO under the AIP. There is no threshold amount for any participant in the AIP. The actual 2021 awards granted to the NEOs are listed
                  in the Non-Equity Incentive Compensation column of the Summary Compensation Table. AIP target and maximum awards are a pre-designated percentage of base salary determined at the executive's level.
(2)
RSUs have a vesting schedule as disclosed in the footnotes to the Summary Compensation Table. See "Outstanding Equity Awards at December 31, 2021" for disclosure regarding the number of RSUs that are unvested as of December
                  31, 2021.
(3)
The target and maximum columns show the target award and maximum award for 2021 for each NEO under the AEI. There is no threshold amount for any participant in the AEI. The actual 2021 awards granted to
                  the NEOs are listed in the Stock Awards column of the Summary Compensation Table.
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Outstanding
            Equity Awards at December 31, 2021
The following table sets forth the outstanding
          equity awards at the December 31, 2021 fiscal year-end. The table shows RSUs granted pursuant to the AEI.
Name
(a)
RSUs
Number of RSUs
That Have Not
Vested
(g)
(1,2)
Market Value of
RSUs That Have
Not Vested
(h)
(3)
Walter R. White
7,030
$1,637,920
5,239
$1,220,635
6,097
$1,420,540
8,139
$1,896,306
Jasmine M. Jirele
0
$0
1,467
$341,796
1,886
$439,419
2,407
$560,807
William E. Gaumond
2,039
$475,067
1,538
$358,339
1,948
$453,865
2,463
$573,854
Eric J. Thomes
492
$114,631
457
$106,476
1,474
$343,427
3,625
$844,589
Neil H. McKay
2,203
$513,277
1,731
$403,306
2,123
$494,638
2,503
$583,174
Gretchen Cepek
1538
$358,339
1,413
$329,215
1,512
$352,281
1,789
$416,819
(1)
Represents unvested RSUs issued pursuant to the AEI. RSUs issued under the AEI during 2021 are subject to a four-year vesting period from the grant date. At the end of the respective vesting period, the RSUs are exercised
                  uniformly for all participants, provided they remain employed by Allianz Life or terminate after retirement or early retirement eligibility, or under certain other circumstances. Vesting and exercise may accelerate if a participant leaves
                  employment under other "good leaver" circumstances set forth in the AEI.
(2)
For each of the NEOs, the number of RSUs listed on the first line were exercised in 2022, the RSUs listed on the second line will exercise in 2023, the RSUs listed on the third line will exercise in 2024, and the RSUs
                  listed on the fourth line will exercise in 2025.
(3)
Based on an assumed stock price of $232.99 per share, which was the arithmetic average of the closing prices of an Allianz SE share in the electronic cash market trading system Xetra (or any successor
                  system) on December 30, 2021 and the nine immediately preceding trading days, converted from Euros into U.S. dollars.
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Allianz SE
            Option Exercises and Stock Grants Vested in 2021
The following table summarizes the value received
          from Allianz SE stock grants vested during the year ended December 31, 2021.
Name
Stock Awards
Number of
Shares
Acquired
on Vesting (#)
Value Realized
on Vesting ($)
(1)
Walter R. White
8,161
$2,004,544
Jasmine M. Jirele
-
$0
William E. Gaumond
1,452
$356,647
Eric J. Thomes
617
$151,551
Neil H. McKay
2,550
$626,343
Gretchen Cepek
1,917
$470,863
(1)
Represents Allianz SE RSUs that were exercised during 2021 pursuant to the AEI. Amounts realized were paid in cash.
Allianz Life
            Executive Severance Agreement
Allianz Life entered into an Executive Severance
          Agreement with our former Chief Executive Officer, Walter R. White, with an expiration date of December 31, 2021. The severance arrangements for Mr. White were prescribed by the Executive Severance Agreement.
Pursuant to the Executive Severance Agreement, Mr.
          White was entitled to a lump sum cash payment of $1,730,200 upon separation in the event he was terminated without "cause", which is defined as engaging in conduct detrimental to the best interests of the Company (including, but not limited to,
          certain specified acts such as commission of a felony, theft, dishonesty, fraud or embezzlement) in the Executive Severance Agreement. In addition, pursuant to the Executive Severance Agreement, Mr. White was also bound by other restrictive
          covenants, including covenants relating to confidentiality and non-disparagement. Mr. White would also be entitled to continuation of medical and dental coverage at the employee premium rates for a period of 18 months following termination if Mr.
          White timely elected continuation and paid the required premiums.
The remainder of our NEOs are eligible for
          severance payments under the Executive Severance Plan if they experience a qualifying termination of employment and otherwise satisfy the conditions set forth in the applicable plan. The terms of this plan are set forth below.
Executive
            Severance Plan
Executive officers who have the title of Senior
          Vice President or above and report directly to a senior executive officer at a specific level are eligible to receive severance benefits under the Executive Severance Plan if they experience a qualifying termination of employment, meaning an
          involuntary termination for any reason other than for "cause" with no offer of an equivalent position, and otherwise satisfy the conditions set forth in the plan. The purpose of the Executive Severance Plan is to provide severance benefits to
          executive officers whose employment is involuntarily terminated in a qualifying termination of employment in order to assist with job transition. Pursuant to the Executive Severance Plan, eligible executive officers who are involuntarily
          terminated in a qualifying termination of employment will receive a lump sum cash payment equal to one and one-half times their "annual base pay" in effect at the time of termination. Annual base pay, for purposes of this agreement, equals base
          salary and excludes special payments, such as bonuses, expense reimbursements, living, or other allowances. Eligible executive officers would also be entitled to continuation of medical and dental coverage at employee premium rates for a period
          of 18 months following termination, if the executive officer timely elects continuation coverage and pays the required premiums.
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The following table shows the lump sum payments
          that would have been payable to each of our NEOs had they been terminated on December 31, 2021 and been eligible for severance payments pursuant to the Executive Severance Plan.
NEOs
Lump Sum Payment
Walter R. White
(1)
$1,730,200
Jasmine M. Jirele
$1,125,000
William E. Gaumond
$713,850
Eric J. Thomes
$803,250
Neil H. McKay
$765,000
Gretchen Cepek
$704,250
(1)
Mr. White is not eligible to receive payments pursuant to the Executive Severance Plan. See "Allianz Life Executive Severance Agreement" for information regarding severance payments that Mr. White is eligible to receive
                  upon termination of service.
Director
            Compensation
The following table provides information on
          compensation paid to the directors of Allianz Life for the year ended December 31, 2021.
Name
Fees Earned
or Paid in
Cash
($)
(1)
Total
($)
(a)
(b)
(h)
Andreas G. Wimmer
(2)
Chair of the Board
N/A
N/A
Jasmine M. Jirele
(3)
President and Chief Executive Officer
N/A
N/A
William E. Gaumond
(3)
Senior Vice President, Chief Financial Officer and Treasurer
N/A
N/A
Walter R. White
(3)
Former President and Chief Executive Officer; Non-Independent Director
N/A
N/A
Anna Sophie Herken
(2)
Non-Independent Director
N/A
N/A
Howard E. Woolley
Independent Director
$60,000
$60,000
Kevin E. Walker
Independent Director
$60,000
$60,000
Udo Frank
Independent Director
$90,000
$90,000
(1)
Represents cash compensation provided to our independent directors that is formalized in the Non-Employee Director Compensation Plan for the year ended December 31, 2021.
(2)
Mr. Wimmer (and his predecessor, Jacqueline Hunt) and Ms. Herken did not receive any compensation for their services as directors since they are employed by one of our affiliates.
(3)
As employee directors, Ms. Jirele and Messrs. White and Gaumond did not receive any compensation for their service as directors. The compensation Ms. Jirele and Messrs. White and Gaumond received as
                  executive officers of Allianz Life is disclosed in the Summary Compensation Table as set forth herein.
Security Ownership of Certain Beneficial Owners and
          Management
We are an indirect wholly owned subsidiary of
          Allianz SE. Allianz SE's principal executive offices are located at Königinstrasse 28, 80802 Munich, Germany. As of March 31, 2021, the directors and executive officers of Allianz Life held less than 1% of Allianz SE's ordinary shares issued and
          outstanding.
Transactions with Related Persons, Promoters and
          Certain Control Persons
We are a wholly owned subsidiary of AZOA, which is
          a wholly owned subsidiary of Allianz Europe B.V. Allianz Europe B.V. is a wholly owned subsidiary of Allianz SE, our ultimate parent, which is registered in Munich, Germany.
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Business and Operational Risks Relevant to the
          Contract
As an insurance company, a number of risks may
          affect our business. However, because the Contract (and any other insurance contract that we offer) is a regulated insurance product, as opposed to an investment in our business, many of the risks that may be relevant to an investor in our
          business are unlikely to be relevant to you. The risks described below are only those business and operational risks that are likely to be relevant to you as a purchaser of the Contract.
Risks
            Primarily Related to Our Financial Strength and Claims-Paying Ability
We make Annuity Payments, pay death benefits, and
          apply Credits for this Contract from our general account. We also pay benefits for other insurance contracts from our general account, and our general account is subject to claims by our creditors. Our ability to make payments from our general
          account is subject to our financial strength and claims-paying ability. The following risks relate to circumstances and events that may negatively affect our general account and, in turn, our financial strength and claims-paying ability.
Financial losses may threaten our financial strength
          and claims-paying ability.
As an Owner of the Contract, you do not share in
          the profits and losses generated by our business. However, if we were to experience significant losses, we might not have sufficient assets in our general account to satisfy all of our financial obligations under the Contract. Circumstances and
          events that may result in financial losses include, but are not necessarily limited to, the circumstances and events listed below. We cannot predict what specific impact that any of these circumstances or events may ultimately have on our
          financial strength or claims-paying ability.
•
Difficult Economic Conditions.
Our financial condition is materially affected by conditions in the global capital markets and the economy generally. During an economic downturn, the demand
                    for our financial insurance products and services could be adversely affected. In addition, an economic downturn could cause the number and amount of full and partial withdrawals under our insurance products to increase significantly,
                    and owners of our insurance products may choose to defer making purchase payments or paying insurance premiums or stop them altogether.
•
Unfavorable Interest Rate Environments.
During periods of declining interest rates, we may experience financial losses as the spread between interest rates that we credit to customers under
                    our insurance products and returns on our investments tighten. The ongoing low interest rate environment presents challenges for us and other life insurance companies, as it has generally reduced investment returns, raised the value of
                    future obligations, and challenged asset-liability matching. During periods of increasing interest rates, we may experience financial losses due to increases in full and partial withdrawals under our insurance products as our customers
                    choose to forgo insurance protection in favor of potentially higher returns. Although we take measures to manage economic risks associated with different interest rate environments, we may not be able to fully mitigate those risks.
•
Losses on Fixed Maturity Investments.
Our fixed maturity investments are subject to interest rate risk and credit risk. Interest rate risk refers to how the values of our fixed maturity
                    investments fluctuate in response to changes in market interest rates. Increases and decreases in prevailing interest rates generally result in decreases and increases, respectively, in the values of our fixed maturity investments.
                    Credit risk refers to the risk that a counterparty will default on its commitments to us under a fixed maturity investment. See "Defaults by Counterparties" below.
•
Losses on Equity Investments.
Our equity investments are generally valued based on quoted market prices and are subject to market risk. Market risk refers to how market prices for equity
                    investments are subject to fluctuation. A downward fluctuation in the market price for an equity investment could result in losses upon the sale of that investment. Fluctuations in market prices may result from, among other things,
                    actual or perceived changes in the attractiveness of specific investments or in general market conditions.
•
Losses on Real Estate Investments.
A portion of our investment portfolio consists of mortgage loans and mortgage-backed securities related to commercial, agricultural and residential real
                    estate. The value of our real estate investments may be negatively impacted by general economic conditions in the real estate sector, including supply and demand, market volatility, interest rate fluctuations, and geographic and extreme
                    weather risks, as well as the creditworthiness of obligors.
•
Losses upon the Sale of Illiquid Investments.
We hold certain investments that may lack liquidity, such as privately placed fixed maturity investments, mortgage loans,
                    collateralized debt obligations, commercial mortgage-backed securities, equity real estate and limited partnership interests. Although we seek to minimize the likelihood that we would need to sell illiquid investments, if we were
                    required to liquidate these investments on short notice, we may have difficulty doing so and may be forced to sell them for less than their fair value.
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•
Prolonged and Elevated Inflationary Periods.
During inflationary periods, the value of our fixed maturity investments may fall, see Losses on Fixed Maturity Investments above. Inflation also
                    increases expenses, which will negatively impact our financial condition in the event that such additional costs cannot be offset. Prolonged and elevated inflation could adversely affect the financial markets and the economy generally,
                    and dispelling it may require governments to pursue a restrictive fiscal and monetary policy, which could constrain overall economic activity and our growth.
•
Loss of Market Share to Competitors.
There is strong competition among insurers, banks, brokerage firms and other financial institutions and providers seeking clients for the types of
                    products and services that we provide. A loss of market share to our competitors could result in financial losses to our business. Our ability to successfully compete is dependent on numerous factors, some of which include the
                    successful implementation of our business strategy, our financial strength, the attractiveness of our products and services, our relationships with distributors, and our reputation. Our ability to compete may also be hindered if our
                    competitors obtain or seek to enforce intellectual property rights against us, or if we are otherwise precluded from offering products or services that are in demand. Our ability to compete may also be hindered if we are not able to
                    protect or enforce our own intellectual property rights.
•
Defaults by Counterparties.
Third-parties that owe us money, securities, or other assets may not fulfill their obligations to us. These parties may include issuers of investments that we may
                    hold, borrowers under loans that we may hold or extend, reinsurers, counterparties under swap and other derivative contracts and other third-parties (e.g., customers, trading counterparties, brokers, dealers, banks, investment funds,
                    clearing agents, exchanges and clearing houses). In addition, with respect to secured transactions, the risk of default may be exacerbated when the collateral held by us cannot be liquidated or is liquidated at a price that is not
                    sufficient to cover the full amount owed to us. A party may default on its obligations for a variety of reasons, including bankruptcy, lack of liquidity, downturns in the economy or real estate market and operational failure. General
                    economic conditions and trends may also result in increased defaults.
•
Impairments of Other Financial Institutions.
We routinely execute transactions with counterparties in the financial services industry, including brokers, dealers, commercial banks,
                    investment banks, insurers, reinsurers and other investment and financial institutions. A disruption to, or decline in the financial condition of, such financial institutions may expose us to financial losses.
•
Payments through Guaranty Associations.
When an insurance company becomes insolvent, state insurance guaranty associations have the right to assess other insurance companies doing business
                    in their state for funds to pay obligations to policyholders of the insolvent company, up to the state-specified limit of coverage. The future failure of a large life, health or annuity insurer could trigger assessments which we would
                    be obligated to pay. Further, amounts for historical insolvencies may be assessed over many years, and there can be significant uncertainty around the total obligation for a given insolvency.
•
Ineffectiveness of Risk Management Policies.
Our risk management policies and procedures intended to identify, monitor and manage economic risks may not be fully effective at mitigating our
                    risk exposure in all market environments or against all types of risk. This could cause us to incur investment losses or cause our hedging and other risk management strategies to be ineffective.
•
Impacts of Climate Change.
We are exposed to economic risks related to climate change. Our financial condition could be negatively impacted by increased costs, or
                    financial losses on investments, arising from various events related to climate change, such as changes in public policy (either contributing to the adverse effects of climate change or promoting adaption to climate change), short-term
                    or long-term market distributions, changes in mortality/morbidity assumptions, changes in consumer behavior, business disruptions, extreme weather events, litigation, increased regulatory requirements, advancements in technology, and
                    longer-term shifts in climate patterns. Climate change could also impact the types of assets in which we invest. For example, as the transition to a lower-carbon, more energy-efficient economy continues, regulators could require us (or
                    we could voluntarily choose) to invest less in carbon-based industries, even though investments in carbon-based industries may have better returns in the short or long term. In addition, real estate investments may expose us to greater
                    climate change risk, as climate change may negatively impact market prices or supply and demand, and may make extreme weather events more likely or frequent. Further, we may not be able to adequately predict and mitigate climate-change
                    risk due to significant uncertainty and unknowns regarding the manifestations and timing of climate-change-driven events, absence of adequate historical data that captures this risk and the dependency of this risk on the extent of the
                    actions taken in the short term by governments, corporations and communities around the world.
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Changes in applicable law may negatively affect our
          financial strength and claims-paying ability.
We are subject to detailed and comprehensive
          regulation and supervision in all the jurisdictions in which we operate. Our operations, products and services are subject to varying state and federal laws. In addition, our operations, products and services are regulated by various regulatory
          authorities and self-regulatory authorities including state insurance departments, state securities administrators, state banking authorities, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Internal
          Revenue Service, the Department of Labor, and the U.S. Commodity Futures Trading Commission.
Changes to federal and state laws and regulations
          may materially affect the way in which we conduct our business. We are faced with significant challenges due to the fact that our regulatory environment is evolving rapidly. Federal and state governments, including federal and state regulatory
          authorities, have become increasingly active in the regulation of the businesses in which we engage. In addition, federal and state regulatory authorities are assuming active, and in some cases increasingly aggressive, roles in interpreting and
          enforcing laws and regulations related to our business. We cannot predict the potential effects that any new laws or regulations, changes in existing laws or regulations, or the interpretation or enforcement of laws or regulations may have on our
          business, but such changes may negatively affect our financial strength and claims-paying ability.
The Securities and Exchange Commission has recently
          adopted new rules effective on June 30, 2020 (i) imposing a "best interest" standard of care on broker-dealers making recommendations to their customers and (ii) requiring broker-dealers and investment advisers to provide a written summary of the
          relationship between a broker-dealer or investment adviser, as applicable, and its customer. These new rules became effective on June 30, 2020. It remains unclear whether or to what extent these rules, and the evolving nature of the enforcement
          and interpretation of these rules by the Securities and Exchange Commission, could ultimately affect broker-dealers' willingness to recommend our registered annuity products. These rules could increase, and to some extent have increased, our
          overall compliance costs and could also increase our exposure to legal claims in certain circumstances, including an increased risk of regulatory enforcement actions or potentially private claims.
Various states have also adopted laws raising the
          standard of care owed by broker-dealers, investment advisers, or insurance agents to their customers. For example, nearly 20 states have adopted the National Association of Insurance Commissioners ("NAIC") revisions to its Suitability in Annuity
          Transactions Model Regulation, which imposes a requirement that any recommendation of an annuity product be in the consumer's best interest. Some states have also adopted laws that differ from the NAIC's Suitability in Annuity Transactions Model
          Regulation but impose similar obligations. As changes are adopted by our state regulator(s) and made applicable to us or the third-party firms that distribute our products, they could have an adverse impact on our business. In states that have
          adopted these increased standards with respect to annuity recommendations, this may lead to an increased risk of regulatory enforcement actions or potentially private claims.
Our reserves could be inadequate due to differences
          between our actual experience and management's estimates and assumptions.
We establish and carry reserves to pay future
          benefits and claims of policyholders. Our reserve are calculated based on a number of estimates and assumptions, including estimates and assumptions related to future mortality, morbidity, interest rates, future equity performance, reinvestment
          rates, persistency, claims experience, and policyholder elections (i.e., the exercise or non-exercise of policy benefits). The assumptions and estimates used in connection with the reserve estimation process are inherently uncertain, involve the
          exercise of significant judgment and reflect evolving information. For example, the current rates of mortality and morbidity may continue to improve in the future due to medical and technological advancements that result in policyholders living
          longer than anticipated. We periodically review the adequacy of reserves and the underlying assumptions and make adjustments when appropriate. We cannot, however, determine with precision the amounts that we will pay for, or the timing of payment
          of, actual benefits and claims or whether the assets supporting the policy liabilities will grow to the level assumed prior to payment of benefits or claims. If actual results differ significantly from our estimates and assumptions, our claim
          costs could increase significantly and our reserves could be inadequate. If so, we will be required to increase reserves or accelerate amortization of deferred acquisition costs. However, we cannot be certain that our reserves will ultimately be
          sufficient to pay future benefits and claims of policyholders.
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The amount of statutory capital that we must hold to
          meet our statutory capital requirements can vary significantly from time to time.
Statutory accounting standards and capital and
          reserve requirements are prescribed by the applicable state insurance regulators and the NAIC. State insurance regulators have established regulations that govern reserving requirements and provide minimum capitalization requirements based on
          risk-based capital ("RBC") ratios for life insurance companies. In any particular year, statutory surplus amounts and RBC ratios may increase or decrease depending on a variety of factors, including but not limited to, the amount of statutory
          income or losses that we generate, changes in reserves, the amount of additional capital that we must hold to support business growth, changes in equity market levels, the value of certain fixed-income and equity securities in our investment
          portfolio, changes in interest rates, and changes to existing RBC formulas. Additionally, state insurance regulators have significant leeway in interpreting existing regulations, which could further impact the amount of statutory capital or
          reserves that we must maintain. There can be no assurance that we will be able to maintain our current RBC ratio in the future or that our RBC ratio will not fall to a level that could have a material adverse effect on our business. If we are
          unable to maintain minimum capitalization requirements, our business may be subject to significant increases in supervision and control by state insurance regulators.
Litigation and regulatory proceedings may negatively
          affect our financial strength and claims-paying ability.
We have been named as defendants in lawsuits (both
          class actions and individual lawsuits) and have been involved in various regulatory investigations and examinations, and we may be involved in more in the future. These actions arise in various contexts, including in connection with our
          activities as an insurer, securities issuer, employer, investor, and taxpayer. Lawsuits and regulatory proceedings may involve significant amounts of damages (including punitive damages) or fines that we must pay, and certain regulatory
          authorities involved in regulatory proceedings have substantial power over our business operations. An adverse outcome in any lawsuit or regulatory proceeding that results in significant financial losses or operational burdens may negatively
          affect our financial strength and claims-paying ability.
Reinsurance may not be available or affordable, or
          may not be adequate to protect against harm to our financial strength and claims-paying ability.
As part of our overall risk management strategy, we
          purchase reinsurance for certain risks underwritten by our various business segments. While reinsurance agreements generally bind the reinsurer for the life of the business reinsured at generally fixed pricing, market conditions beyond our
          control can determine the availability and cost of the reinsurance protection for new business. If we are unable to purchase the desired amount of reinsurance protection on acceptable terms, our risk of loss may increase. As our risk of loss
          increases, so does the risk that we may not be able to meet our financial obligations.
Our hedging programs may be inadequate to protect
          against harm to our financial strength and claims-paying ability.
Certain types of insurance and investment products
          that we offer expose us to risks associated with fluctuations in financial markets. Although we use hedging techniques to manage risks associated with our insurance guarantees, increased volatility in the financial markets and unanticipated
          policyholder behavior may increase the cost of these hedges and/or negatively affect our ability to hedge certain risks. We may lose money on the derivatives that we hold as part of our hedging programs or otherwise. Ultimately, our hedging
          programs may be inadequate to protect us against the full extent of the exposure or losses we seek to mitigate, which in turn may negatively impact our financial strength and claims-paying ability.
Downgrades and potential downgrades to our
          claims-paying and financial strength ratings may signal a higher risk that we may be unable to meet our financial obligations, and may themselves negatively affect our financial strength and claims-paying ability.
Our claims-paying and financial strength ratings,
          which various ratings organizations publish as measures of an insurance company's ability to meet policyholder obligations, are important to maintaining public confidence in Allianz Life and our products, and the ability to market our products
          and services. A downgrade or an announced potential downgrade by credit rating agencies in our claims-paying and financial strength ratings may reflect an increased risk that we may not be able to meet our financial obligations. Any such
          downgrade or potential downgrade may itself harm our financial strength and claims-paying ability by causing financial losses to our business. Such losses may be the result of:
•
reductions in new sales of insurance products, annuities and other investment products;
•
increases in our cost of capital or limitations on our access to sources of capital;
•
harm to our relationships with distributors and sales specialists;
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•
material increases in the number or amount of full and partial withdrawals under our insurance products;
•
pressure on us to reduce prices or increase crediting rates for many of our insurance products; and
•
harm to our ability to obtain reinsurance or obtain reasonable pricing for reinsurance.
Similarly, credit rating agencies also evaluate the
          insurance industry as a whole and may change Allianz Life's and other insurance companies' financial strength ratings based on the agencies' overall view of the industry. It is possible that Allianz Life's credit rating could be similarly
          downgraded in the future based on credit rating agencies' evaluation of the life insurance industry as a whole due to changes in their view of Allianz Life relative to the industry or a change in their rating assessment methodologies. In
          addition, downgrades or announced potential downgrades in the financial strength ratings of the financial institutions with which we do business may adversely impact our business operations and may cause financial losses to our business.
Risks
            Primarily Related to Our Business Operations
Breaches of security, or interference with our
          technology infrastructure, could harm our business.
Our business relies on technology systems and
          networks, including systems and networks managed by third parties to process, transmit and store information, and to conduct business activities and transactions with clients, distributors, vendors, and other third parties. We are also subject to
          certain federal and state regulations that require us to establish and maintain policies and procedures designed to protect sensitive client information. Maintaining the integrity of our systems is critical to the success of our business
          operations, including the retention of clients, and to the protection of our clients' personal information. To date, we have not identified any material breaches or interference with our systems and networks; however, we routinely encounter and
          address such threats, including an increasing frequency of phishing scams, introductions of malware and unauthorized payment requests. Any such breaches or interference by third parties or by our employees that may in the future occur could have
          a material adverse impact on our business operations and our financial condition.
We have implemented and maintain security measures
          designed to protect against breaches of security and other interference with systems and networks resulting from attacks by third parties, including hackers, and from employee error or malfeasance. We also require third party vendors who, in the
          provision of services to us, are provided with or process information pertaining to our business or our clients to meet certain information security standards. Changes in our technology platforms, such as an evolution to accommodate mobile
          computing, may also require corresponding changes in our systems, networks and data security measures. In addition, the increasing reliance on technology systems and networks and the occurrence and potential adverse impact of attacks on such
          systems and networks, both generally and in the financial services industry, have enhanced government and regulatory scrutiny of the measures taken by companies to protect against cyber-security threats. As these threats, and government and
          regulatory oversight of associated risks, continue to evolve, we may be required to expend additional resources to enhance or expand upon the security measures we currently maintain.
Despite the measures we have taken and may in the
          future take to address and mitigate these risks, we cannot ensure that our systems and networks will not be subject to breaches or interference. Any such event may result in operational disruptions as well as unauthorized access to or the
          disclosure or loss of our proprietary information or our clients' personal information, which in turn may result in legal claims, regulatory scrutiny and liability, reputational damage, the incurrence of costs to eliminate or mitigate further
          exposure, the loss of clients or other damage to our business. Any such event may interfere with, impede or cause delays in our calculation of values, processing of transactions and making of payments under the Contract. In addition, the trend
          toward broad consumer and general public notification of such incidents could exacerbate the harm to our business operations and our financial condition. Even if we successfully protected our technology infrastructure and the confidentiality of
          sensitive data, we may incur significant expenses in responding to any such attacks as well as the adoption and maintenance of appropriate security measures. We could also suffer harm to our business and reputation if attempted security breaches
          are publicized. We cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in our systems, data thefts, physical system or network break-ins or inappropriate access, or other
          developments will not compromise or breach the technology or other security measures protecting our networks and systems used in connection with our products and services. There may be an increased risk of cyberattacks during periods of
          geo-political or military conflict (such as Russia's invasion of Ukraine and the resulting response by the United States and other countries).
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The failure to protect our clients' confidential
          information and privacy could adversely affect our business.
A number of our businesses are subject to privacy
          regulations and confidentiality obligations, including the Gramm-Leach-Bliley Act and state privacy laws and regulations. We also have contractual obligations to protect certain confidential information we obtain from our existing vendors and
          clients. These obligations generally include protecting such confidential information in the same manner and to the same extent as we protect our own confidential information. The actions we take to protect confidential information vary by
          business segment and may include, among other things:
•
training and educating our employees regarding our obligations relating to confidential information;
•
monitoring changes in state or federal privacy and compliance requirements;
•
drafting appropriate contractual provisions into any contract that raises proprietary and confidentiality issues;
•
maintaining secure storage facilities for tangible records;
•
limiting access to electronic information; and
•
in the event of a security breach, providing credit monitoring or other services to affected customers.
In addition, we must develop, implement and
          maintain a comprehensive written information security program with appropriate administrative, technical and physical safeguards to protect such confidential information. If we do not properly comply with privacy regulations and protect
          confidential information, we could experience adverse consequences, including regulatory sanctions, such as penalties, fines and loss of license, as well as loss of reputation and possible litigation. This could have an adverse impact on our
          Company's reputation and business results.
Protection from system interruptions and operating
          errors is important to our business. If we were to experience a sustained interruption to our telecommunications or data processing systems or other failure in operational execution could harm our business operations and our business results.
Operating errors and system or network
          interruptions could delay and disrupt our ability to develop, deliver or maintain our products and services, causing harm to our business and reputation and resulting in loss of customers or revenue. Operating errors and system or network
          interruptions may also interfere with, impede or cause delays in our calculation of values, processing of transactions and making of payments under the Contract. Interruptions could be caused by operational failures arising from employee error or
          malfeasance, interference by third parties (including hackers and other cyber-attacks), implementation of new technology, and maintenance of existing technology. Our financial, accounting, data processing or other operating systems and facilities
          may fail to operate or report data properly, experience connectivity disruptions or otherwise become disabled as a result of events that are wholly or partially beyond our control, adversely affecting our ability to process transactions or
          provide products and services to customers. The cause of these interruptions can include fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor software
          or systems and other events beyond our control.
In addition, we rely on third party service
          providers and vendors for certain communications, technology and business functions and face the risk of operational failure (including, without limitation, failure caused by an inaccuracy, untimeliness or other deficiency in data reporting),
          termination or capacity constraints of any of the clearing agents, exchanges, clearing houses or other third party service providers that we use to facilitate or are component providers to our transactions and other product manufacturing and
          distribution activities. These risks are heightened by the evolution in the financial markets of increasingly sophisticated products, by business-driven hedging, by compliance issues and by other risk management or investment or by financial
          management strategies. Any such failure, termination or constraint could adversely impact our ability to implement transactions, service our clients, manage our exposure to risk or otherwise achieve desired outcomes.
The occurrence of natural or man-made disasters and
          catastrophes could adversely affect our business operations and our business results.
The occurrence of natural or man-made disasters and
          catastrophes, including extreme weather events, acts of terrorism, geo-political disputes, public health crises (e.g. COVID-19), industrial accident, blackout, cyber-attack, computer virus, insider threat, insurrections and military actions,
          unanticipated problems with our disaster recovery systems, or a support failure from external providers, could adversely affect our business operations and our business results, particularly if those events affect our computer-based data
          processing, transmission, storage, and retrieval systems or destroy data. Such disasters and catastrophes may damage our facilities, preventing our employees from performing their roles or otherwise disturbing our ordinary business operations,
          and by impacting claims. Such disasters and catastrophes may also impact us indirectly by changing the condition and behaviors of our customers, business counterparties and regulators, as well as by causing declines or volatility in the economic
          and financial markets. Climate change could increase our overall risk as
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extreme weather events may become more likely or frequent. We rely
          on certain third-parties to provide certain services important to our business operations. While we monitor the performance of such third-parties, including those with employees who operate remotely, successful implementation and execution of
          their business continuity strategies are largely outside of our control. Weaknesses or failures within a vendor's business continuity plan in light of a natural or man-made disaster or catastrophe could materially disrupt our business operations.
Inadequate or failed processes or systems, human
          factors or external events may adversely affect our reputation or operational effectiveness, as well as our financial condition.
Operational risk is inherent in our business and
          can manifest itself in various ways, including business interruption, poor vendor performance, information systems malfunctions or failures, regulatory breaches, human errors, employee misconduct, external fraud, and inability to recruit,
          motivate, and retain key employees. These events can potentially result in financial loss, harm to our reputation and/or hinder our operational effectiveness. Management attempts to control these risks and keep operational risk at low levels by
          maintaining a sound and well controlled environment in light of the characteristics of our business, markets and regulatory environment in which we operate. Notwithstanding these measures, operational risk is part of the business environment in
          which we operate, and we may experience operational disruptions and incur losses from time to time due to these types or risks.
Risks Related to the COVID-19 Pandemic
We continue to closely monitor developments related
          to the COVID-19 pandemic and its impact on our business and operations. The economic conditions and uncertainties during the pandemic have at times negatively impacted our net income, surplus, and capital and liquidity positions. To date,
          however, we do not believe that these economic conditions and uncertainties have negatively impacted our overall financial strength and claims-paying ability in a significant manner. Nor do we believe that our administration of the Contract and
          our other insurance contracts has been disrupted in a significant manner, even as many of our employees and the employees of our third-party service providers continue to work remotely.
The extent to which the pandemic will impact our
          business and operations in the future will depend on future developments, which are highly uncertain and cannot be predicted, including the general scope and duration of the pandemic; actions taken by governmental authorities and other third
          parties in response to the pandemic; the occurrence of new variants of the COVID virus; the severity and duration of waves in infections and hospitalizations; and the efficacy of vaccines, therapeutic treatments, and other healthcare programs.
          Any risk management or contingency plans or preventative measures we take may not adequately predict or address the impact of the COVID-19 pandemic on our business. As such, the pandemic could have a material adverse effect on our financial
          condition and operations.
The pandemic-related risks that we face include
          (but are not necessarily limited to) the following:
•
Economic conditions and uncertainties may negatively impact the value, cash flow, and liquidity of our general account investments due to,
e.g.
, declines in markets, market
                  volatility, reduced liquidity, changes in interest rates, economic shutdowns or slowdowns, prolonged elevated inflation period, government regulations, higher unemployment levels, and counterparty defaults.
•
Voluntary or government mandated hardship assistance that we provide to our customers in the form of,
e.g.
, grace periods for failure to make timely payments, may reduce our net
                  income and surplus.
•
Reductions in new sales of our financial products or reductions in fees collected by us, or increases in full withdrawals, cancellations, or defaults with respect to our customers' existing financial products, as a result
                  of economic conditions and uncertainties may reduce our net income and surplus.
•
Economic conditions and uncertainties may limit our access to sources of capital and our ability to obtain reinsurance.
•
Voluntary and government mandated pandemic mitigation
efforts, such as prolonged remote working arrangements and economic shutdowns, and employees' ability or willingness to fulfill
                  their responsibilities during the pandemic, may disrupt our ability to administer our insurance contracts (including our ability to timely process applications, transactions, and payments and to calculate values) and may disrupt the
                  services provided by third-parties upon which we rely to administer our insurance contracts. Extended periods of remote work arrangements could introduce additional operational risk, including but not limited to cybersecurity risks, and
                  impair our ability to effectively manage our business.
•
Longer-term deviations from the mortality, customer behavior, expenses, and other assumptions that we use to price our products and support our obligations.
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In addition to the risks listed above, to the
          extent that the pandemic impacts our business and operations, it may also have the effect of heightening the other risks described in this section of the prospectus.
14.
Financial
            Statements
The statutory financial statements of Allianz Life
          Insurance Company of North America as of December 31, 2021 and 2020 and for each of the three years in the period ended December 31, 2021 included in Appendix I of this prospectus have been so included in reliance on the report of
          PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
The financial statements of the subaccounts of
          Allianz Life Variable Account B of Allianz Life Insurance Company of North America ("Variable Account B") as of December 31, 2021 are incorporated herein by reference to Variable Account B's
Form N-VPFS
(File No. 811-05618) filed with the SEC have been so incorporated in reliance on the report of PricewaterhouseCoopers
          LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
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Appendix A – Available Indexes
S&P 500
®
Index
The S&P 500
®
Index is comprised of 500 stocks representing major U.S. industrial sectors.
S&P
®
is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"). This trademark has been licensed for use by S&P Dow Jones Indices LLC. S&P marks
          are trademarks of S&P. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America ("Allianz"). The S&P 500
®
Index
          ("the Index") is a product of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz.
Allianz products are not sponsored, endorsed, sold,
          or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices make no representation or warranty, express or implied, to the owners
          of the Allianz products or any member of the public regarding the advisability of investments generally or in Allianz products particularly or the ability of the Index and Average to track general market performance. S&P Dow Jones Indices'
          only relationship to Allianz with respect to the Index and Average is the licensing of the Index and Average and certain trademarks, service marks, and/or trade names of S&P Dow Jones Indices and/or its third-party licensors. The Index and
          Average are determined, composed, and calculated by S&P Dow Jones Indices without regard to Allianz or the products. S&P Dow Jones Indices have no obligation to take the needs of Allianz or the owners of the products into consideration in
          determining, composing, or calculating the Index and Average. S&P Dow Jones Indices are not responsible for and have not participated in the design, development, pricing, and operation of the products, including the calculation of any
          interest payments or any other values credited to the products. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing, or trading of products. There is no assurance that investment products
          based on the Index and Average will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC and its subsidiaries are not investment advisors. Inclusion of a security or futures contract within an
          index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security or futures contract, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently
          issue and/or sponsor financial products unrelated to products currently being issued by Allianz, but which may be similar to and competitive with Allianz products. In addition, CME Group Inc., an indirect minority owner of S&P Dow Jones
          Indices LLC, and its affiliates may trade financial products which are linked to the performance of the Index and Average. It is possible that this trading activity will affect the value of the products.
S&P DOW JONES INDICES DO NOT GUARANTEE THE
          ADEQUACY, ACCURACY, TIMELINESS, AND/OR THE COMPLETENESS OF THE INDEX AND AVERAGE OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT
          THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF
          MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ALLIANZ, OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX AND AVERAGE OR WITH RESPECT TO ANY DATA RELATED THERETO.
          WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST
          TIME, OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES
          INDICES AND ALLIANZ OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
Russell 2000
®
Index
The Russell 2000
®
Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000
®
Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000
®
Index is constructed to provide a comprehensive and unbiased small-cap barometer and is
          completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index.
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The Russell 2000
®
Index (the "Index") is a trademark of Frank Russell Company ("Russell") and has been licensed for use by Allianz Life Insurance Company of North America ("Allianz"). Allianz
          products are not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies ("LSEG") (together the "Licensor Parties") and none of the Licensor Parties make any claim, prediction, warranty or
          representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the Allianz product is based), (ii) the figure at which the Index is said to stand at any particular time on any
          particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the Allianz product. None of the Licensor Parties have provided or will provide any financial or investment advice or
          recommendation in relation to the Index to Allianz or to its clients. The Index is calculated by Russell or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index
          or (b) under any obligation to advise any person of any error therein.
Nasdaq-100
®
Index
The NASDAQ-100 Index
®
includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market
®
based on market capitalization.
The Product(s) is not sponsored, endorsed, sold or
          promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, are referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures
          relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s)
          particularly, or the ability of the Nasdaq-100 Index
®
to track general stock market performance. The Corporations' only relationship to Allianz Life Insurance Company of
          North America ("Licensee") is in the licensing of the NASDAQ
®
, and Nasdaq-100 Index
®
registered
          trademarks, and certain trade names of the Corporations and the use of the Nasdaq-100 Index
®
which is determined, composed and calculated by NASDAQ without regard to Licensee
          or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Index
®
. The Corporations are not responsible for and have not participated in the determination of the timing of, prices of, or quantities of the Product(s) to be issued or in the
          determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).
THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY
          AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100 INDEX
®
OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY
          LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX
®
OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR
          IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 INDEX
®
OR ANY DATA
          INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH
          DAMAGES.
EURO STOXX 50
®
The EURO STOXX 50
®
, Europe's leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the Eurozone. The index covers 50 stocks from 11 Eurozone
          countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. STOXX Limited, Deutsche Börse Group and their licensors, research partners or data providers have no relationship to Allianz
          Life Insurance Company of North America ("Allianz"), other than the licensing of the EURO STOXX 50
®
and the related trademarks for use in connection with Allianz products.
STOXX, Deutsche Börse Group and their licensors, research partners or data providers do
not
:
•
sponsor, endorse, sell or promote Allianz products.
•
recommend that any person invest in Allianz products or any other securities.
•
have any responsibility or liability for or make any decisions about the timing, amount or pricing of Allianz products.
•
have any responsibility or liability for the administration, management or marketing of Allianz products.
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•
consider the needs of Allianz products or the owners of Allianz products in determining, composing or calculating the EURO STOXX 50 or have any obligation to do so.
STOXX, Deutsche Börse Group and their licensors,
          research partners or data providers give no warranty, and exclude any liability (whether in negligence or otherwise), in connection with the Allianz products or their performance.
STOXX does not assume any contractual relationship
          with the purchasers of Allianz products or any other third parties.
Specifically,
•
STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, express or implied, and exclude any liability about:
•
The results to be obtained by Allianz products, the owner of Allianz products or any other person in connection with the use of the EURO STOXX 50 and the data included in the EURO STOXX 50;
•
The accuracy, timeliness, and completeness of the EURO STOXX 50 and its data;
•
The merchantability and the fitness for a particular purpose or use of the EURO STOXX 50 and its data;
•
The performance of Allianz products generally.
•
STOXX, Deutsche Börse Group and their licensors, research partners or data providers give no warranty and exclude any liability, for any errors, omissions or interruptions in the EURO STOXX 50 or its data;
•
Under no circumstances will STOXX, Deutsche Börse Group or their licensors, research partners or data providers be liable (whether in negligence or otherwise) for any lost profits or indirect, punitive,
                  special or consequential damages or losses, arising as a result of such errors, omissions or interruptions in the EURO STOXX 50 or its data or generally in relation to Allianz products, even in circumstances where STOXX, Deutsche Börse
                  Group or their licensors, research partners or data providers are aware that such loss or damage may occur.
The licensing Agreement between Allianz and STOXX
          is solely for their benefit and not for the benefit of the owners of Allianz products or any other third parties.
i
Shares
®
MSCI Emerging Markets ETF
The iShares
®
MSCI Emerging Markets ETF distributed by BlackRock Investments, LLC. iShares
®
, BLACKROCK
®
, and the corresponding logos are registered trademarks of BlackRock, Inc. and its affiliates ("BlackRock") and are used under license. These trademarks have been licensed for
          certain purposes by Allianz Life Insurance Company of North America ("Allianz") and its wholly-owned subsidiaries. Products offered by Allianz or its wholly-owned subsidiaries are not sponsored, endorsed, sold or promoted by BlackRock, and
          purchasers of such products do not acquire any interest in the iShares
®
MSCI Emerging Markets ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes
          no representations or warranties, express or implied, to the owners of any products offered by Allianz or its wholly-owned subsidiaries, or any member of the public regarding the advisability of purchasing a product from Allianz or its
          wholly-owned subsidiaries. BlackRock has no obligation or liability for any errors, omissions, interruptions or use of the iShares MSCI Emerging Markets ETF or any data related thereto, or with the operation, marketing, trading or sale of any
          products or services offered by Allianz and its wholly-owned subsidiaries.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix A
105
Table of Contents
Appendix B – Daily Adjustment
Generally
We designed the Daily Adjustment to provide an
          Index Option Value for each Index Option with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy on Business Days other than the Term Start Date or the Term End Date. The Daily Adjustment approximates the Index
          Option Value that will be available on the Term End Date. It is the estimated present value of the future Performance Credit that we will apply on the Term End Date. The Daily Adjustment takes into account:
(i)
any Index gains during the Term subject to the applicable Precision Rate or Cap,
(ii)
either any Index losses greater than the 10% Buffer, or Index losses down to the -10% Floor, and
(iii)
the number of days until the Term End Date.
The Daily Adjustment formula has two primary
          components, (i) the change in Proxy Value and (ii) accumulated proxy interest, which are added together and then multiplied by the Index Option Base. We designed the Daily Adjustment to estimate the present value of positive or negative
          Performance Credit that will be available on the Term End Date taking into account any applicable Buffer, Floor, Precision Rate, and/or Cap. You should note that even if your selected Index(es) experience positive growth, the Daily Adjustments
          may be negative because of other market conditions, such as the expected volatility of Index prices and interest rates. Therefore, the Daily Adjustment could result in a loss beyond the protection of the Buffer or Floor. The Daily Adjustment for
          3-year Term Index Options may be more negatively impacted by changes in the expected volatility of Index prices than 1-year Term Index Options due the difference in Term length. Also, the risk of a negative Daily Adjustment is greater for 3-year
          Term Index Options than 1-year Term Index Options because the Buffer is exposed to a longer time period. The impact of the Cap and Buffer on the Daily Adjustment for a 1-year Term Index Option is greater than it is for a 3-year Term Index Option
          because we apply the Cap and Buffer for the entire Term length, and the Term length is shorter for a 1-year Term.
Daily Adjustment Formula
The formula for the calculation of the Daily
          Adjustment is as follows:
Daily Adjustment = [(a) change in Proxy Value + (b)
          proxy interest] x Index Option Base
Where:
(a)
change in Proxy Value = (current Proxy Value – beginning Proxy Value)
(b)
proxy interest = beginning Proxy Value x (1 – time remaining during the Term)
Calculating Change in Proxy Value
The change in Proxy Value represents the current
          hypothetical value of the Proxy Investment (current Proxy Value), less the cost of the Proxy Investment on the Term Start Date (beginning Proxy Value).
The current Proxy Value is the Proxy Value
          calculated on the same day as the Daily Adjustment. The beginning Proxy Value is the Proxy Value calculated on the Term Start Date.
The Proxy Value is calculated differently for each
          Crediting Method.
For the
Index Precision Strategy
, the Proxy Value involves tracking two hypothetical derivatives and is calculated using the following formula:
[Precision Rate x (at-the-money binary call)] – (out-of-the-money put)
With respect to our Proxy Value formula, we
          designed the at-the-money binary call to value the potential for gains equal to the Precision Rate if on the Term End Date, the Index Value is greater than or equal to the Index Value on the Term Start Date, and the out-of-the-money put to value
          the potential for Index losses greater than the 10% Buffer for the Index Precision Strategy. It is important to note that the out-of-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day
          is higher than the Index Value on the Term Start Date. This is because the risk that the Index Value could be lower on the Term End Date is present to some extent whether or not the current Index price on a Business Day is lower than the Index
          Value on the Term Start Date.
For the
Index Guard Strategy
, the Proxy Value involves tracking four hypothetical derivatives and is calculated using the following formula:
Proxy Value = (at-the-money
          call) – (out-of-the-money call) – (at-the-money put) + (out-of-the-money put)
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix B
106
Table of Contents
With respect to our Proxy Value formula, we
          designed the at-the-money call and out-of-the-money call to value the potential for Index gains up to the Cap and the at-the-money put to value the potential for Index losses, but add back the out-of-money put to mimic the protection of the -10%
          Floor for the Index Guard Strategy. It is important to note that the at-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day is higher than the Index Value on the Term Start Date. It is
          also important to note that the out-of-money put will almost always reduce, and never exceed, the negative impact of the at-the-money put for the Index Guard Strategy.
For the
Index Performance Strategy
, the Proxy Value involves tracking three hypothetical derivatives and is calculated using the following formula:
Proxy Value = (at-the-money
          call) – (out-of-the-money call) – (out-of-the-money put)
With respect to our Proxy Value formula, we
          designed the at-the-money call and out-of-the-money call to value the potential for Index gains up to the Cap, and the out-of-the-money put to value the potential for Index losses greater than the 10% Buffer for the Index Performance Strategy.
          Similar to the Index Precision Strategy, it is important to note that the out-of-the-money put will almost always reduce the Daily Adjustment, even when the current Index price on a Business Day is higher than the Index Value on the Term Start
          Date. This is because the risk that the Index Value could be lower on the Term End Date is present to some extent whether or not the current Index price on a Business Day is lower than the Index Value on the Term Start Date. For purposes of the
          Proxy Value formula the value of the out-of-the-money call will be zero if an Index Option is uncapped.
Calculating Proxy Interest
The proxy interest is an amount of interest that is
          earned to provide compensation for the cost of the Proxy Investment on the Term Start Date. The proxy interest is approximated by the value of amortizing the cost of the Proxy Investment over the Term to zero. The formula for proxy interest
          involves the calculation of (i) the beginning Proxy Value (the formula for which varies depending on the Crediting Method, as previously discussed) and (ii) the time remaining during a Term. The time remaining during a Term is equal to the number
          of days remaining in the Term divided by the Term length. The Term length is 365 days for a 1-year Term, and it is 1,095 days for a 3-year Term. The proxy interest may be significantly different from current interest rates available on interest
          bearing investments.
Additional Information
You can find a more detailed explanation of the
          calculation of the Proxy Value, including examples, in Exhibit 99(b) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This Exhibit is incorporated by reference into this prospectus. You can obtain a
          copy of Exhibit 99(b) by calling (800) 624-0197, or visiting our website at
allianzlife.com
.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix B
107
Table of Contents
Appendix C – Historical Initial and Renewal DPSCs, Precision Rates, and Caps
•  The iShares
®
MSCI Emerging Markets ETF first became available to newly issued Contracts on April 29, 2019, and became available to certain existing Contracts on the first Index
                  Anniversary that occurred on or after August 20, 2019.
•  The Index Performance Strategy
                  3-year Term Index Options first became available to newly issued Contracts on May 1, 2020, and became available to certain existing Contracts on the first Index Anniversary that occurred on or after November 23, 2020.
•  For more information, please see Appendix G.
This information regarding the initial and renewal
          DPSCs, Precision Rates, and Caps is for historical purposes only; it is not a representation as to future DPSCs, Precision Rates, and Caps. DPSCs, Precision Rates, and Caps may change frequently, and may vary substantially based on market
          conditions.
Index Protection Strategy
The S&P 500
®
Index was the only Index available with the Index Protection Strategy prior
                  to May 1, 2018. The Index Protection Strategy with the Russell 2000
®
Index, Nasdaq-100
®
Index
                  and EURO STOXX 50
®
first became available to newly issued Contracts on May 1, 2018, and became available to existing Contracts on the first Index Anniversary that
                  occurred on or after June 4, 2018. For more information, please see Appendix G.
Following are the highest and lowest initial and
          renewal DPSCs offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued) through January 3, 2022.
Index Effective Dates: 5/23/2017 – 1/2/2018
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
DPSCs
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial DPSCs
1.50%
2.50%
NA
NA
NA
NA
NA
NA
NA
NA
1st Anniversary Renewal DPSCs
2.00%
3.10%
2.00%
3.10%
2.00%
3.10%
2.50%
3.70%
NA
NA
2nd Anniversary Renewal DPSCs
2.10%
3.20%
2.20%
3.20%
2.10%
3.20%
2.70%
3.80%
2.20%
3.30%
3rd Anniversary Renewal DPSCs
2.20%
3.30%
2.30%
3.30%
2.20%
3.20%
2.40%
3.50%
2.40%
3.50%
4th Anniversary Renewal DPSCs
2.10%
3.10%
2.30%
3.30%
2.20%
3.30%
2.30%
3.40%
2.10%
3.20%
Index Effective Dates: 1/3/2018 – 1/1/2019
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
DPSCs
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial DPSCs
1
1.75%
3.40%
2.00%
3.40%
2.00%
3.40%
2.50%
4.40%
NA
NA
1st Anniversary Renewal DPSCs
2
2.00%
3.20%
2.00%
3.20%
2.00%
3.20%
2.50%
3.70%
2.20%
3.30%
2nd Anniversary Renewal DPSCs
2.20%
3.00%
2.30%
3.00%
2.20%
3.00%
2.40%
3.50%
2.30%
3.10%
3rd Anniversary Renewal DPSCs
2.00%
2.90%
2.10%
3.00%
2.00%
2.90%
2.10%
3.40%
2.10%
3.10%
1
The initial DPSCs for the Russell 2000
®
Index, Nasdaq-100
®
Index and EURO STOXX
                  50
®
are for a partial period of June 4, 2018 through January 1, 2019.
2
The 1st Anniversary Renewal DPSCs for the iShares
®
MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
Index Effective Dates: 1/2/2019 – 1/6/2020
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
DPSCs
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial DPSCs
1
3.30%
5.00%
3.30%
5.00%
3.30%
5.00%
3.80%
5.50%
3.30%
5.20%
1st Anniversary Renewal DPSCs
3.20%
4.80%
3.30%
4.80%
3.40%
4.80%
3.20%
5.30%
3.30%
5.00%
2nd Anniversary Renewal DPSCs
3.10%
4.60%
3.10%
4.70%
3.10%
4.60%
3.10%
4.80%
3.00%
4.80%
1
The initial DPSCs for the iShares
®
MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
108
Table of Contents
Index Protection Strategy
(continued)
Index Effective Dates: 1/7/2020 – 1/4/2021
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
DPSCs
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial DPSCs
2.20%
3.30%
2.25%
3.30%
2.20%
3.30%
2.30%
3.80%
2.25%
3.30%
1st Anniversary Renewal DPSCs
1.80%
3.00%
2.00%
3.40%
2.00%
3.40%
2.00%
3.30%
1.90%
3.30%
Index Effective Dates: 1/5/2021 – 1/3/2022
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
DPSCs
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial DPSCs
1.60%
2.10%
1.60%
2.30%
1.50%
2.20%
1.30%
2.20%
1.50%
2.30%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
109
Table of Contents
Index Precision Strategy
The Index Precision Strategy first became available to newly issued Contracts on November 14, 2017, and became available to existing Contracts on the first Index
                  Anniversary that occurred on or after January 15, 2018. For more information, please see Appendix G.
Following are the highest and lowest initial and
          renewal Precision Rates offered for Index Effective Date periods occurring within each calendar year during November 14, 2017 (the date the Index Precision Strategy was first available) through January 3, 2022. The Buffer was 10.00% for each
          Index.
Index Effective Dates: 5/23/2017 – 1/2/2018
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Precision Rates
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Precision Rates
1
5.00%
5.25%
6.75%
7.00%
6.00%
6.25%
8.25%
8.25%
NA
NA
1st Anniversary Renewal Precision Rates
5.80%
7.90%
6.30%
8.40%
6.80%
9.40%
8.40%
10.20%
NA
NA
2nd Anniversary Renewal Precision Rates
6.10%
8.20%
7.20%
8.90%
7.30%
9.70%
8.80%
11.00%
8.30%
9.70%
3rd Anniversary Renewal Precision Rates
9.10%
12.70%
10.20%
14.90%
10.50%
15.30%
8.90%
13.00%
9.30%
13.30%
4th Anniversary Renewal Precision Rates
7.50%
9.00%
9.30%
11.00%
8.90%
10.30%
7.90%
9.40%
8.10%
10.20%
1
The initial Precision Rates are for a partial period from November 14, 2017 through January 2, 2018.
Index Effective Dates: 1/3/2018 – 1/1/2019
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Precision Rates
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Precision Rates
5.15%
8.30%
6.30%
9.10%
6.35%
10.20%
8.25%
11.30%
NA
NA
1st Anniversary Renewal Precision Rates
1
5.90%
8.30%
7.10%
9.30%
7.00%
9.30%
8.90%
10.50%
8.30%
10.00%
2nd Anniversary Renewal Precision Rates
6.50%
11.70%
7.20%
13.90%
7.40%
13.30%
8.30%
12.00%
7.90%
12.30%
3rd Anniversary Renewal Precision Rates
6.90%
9.40%
8.60%
11.60%
7.70%
11.10%
6.70%
9.10%
7.40%
10.40%
1
The 1st Anniversary Renewal Precision Rates for the iShares
®
MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1,
                  2020.
Index Effective Dates: 1/2/2019 – 1/6/2020
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Precision Rates
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Precision Rates
1
6.70%
9.20%
7.90%
9.50%
7.70%
11.30%
9.10%
11.60%
8.80%
10.00%
1st Anniversary Renewal Precision Rates
6.50%
11.60%
7.20%
13.80%
7.40%
13.30%
8.30%
11.90%
8.10%
12.20%
2nd Anniversary Renewal Precision Rates
6.80%
8.70%
8.40%
10.80%
7.50%
10.20%
6.50%
8.60%
7.30%
9.60%
1
The initial Precision Rates for the iShares
®
MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
Index Effective Dates: 1/7/2020 – 1/4/2021
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Precision Rates
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Precision Rates
6.50%
11.60%
7.20%
13.80%
7.40%
13.30%
8.30%
11.90%
8.10%
12.20%
1st Anniversary Renewal Precision Rates
6.80%
8.70%
8.40%
10.80%
7.50%
10.20%
6.50%
8.60%
7.30%
9.60%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
110
Table of Contents
Index Precision Strategy
(continued)
Index Effective Dates: 1/5/2021 – 1/3/2022
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Precision Rates
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Precision Rates
6.80%
8.70%
8.40%
10.80%
7.50%
10.20%
6.50%
8.60%
7.30%
9.60%
Index Guard Strategy
Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued) through January 3, 2022. The Floor was -10.00% for each Index.
Index Effective Dates: 5/23/2017 – 1/2/2018
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
6.50%
9.00%
7.75%
10.50%
6.75%
8.75%
8.50%
12.25%
NA
NA
1st Anniversary Renewal Caps
6.75%
8.75%
7.25%
9.25%
7.00%
9.00%
15.00%
18.50%
NA
NA
2nd Anniversary Renewal Caps
7.25%
10.00%
8.00%
10.50%
7.75%
10.25%
15.00%
18.75%
8.75%
11.25%
3rd Anniversary Renewal Caps
7.25%
9.75%
8.00%
9.75%
7.75%
9.50%
11.00%
14.75%
8.50%
11.25%
4th Anniversary Renewal Caps
6.25%
8.50%
9.00%
11.00%
8.00%
10.25%
10.25%
14.25%
9.00%
11.50%
Index Effective Dates: 1/3/2018 – 1/1/2019
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
6.50%
9.00%
7.25%
9.50%
6.75%
9.50%
12.50%
19.00%
NA
NA
1st Anniversary Renewal Caps
1
7.25%
9.25%
7.75%
10.00%
7.50%
9.00%
15.00%
18.50%
8.75%
10.75%
2nd Anniversary Renewal Caps
6.25%
8.75%
7.75%
8.50%
7.50%
9.00%
11.50%
15.00%
7.50%
9.50%
3rd Anniversary Renewal Caps
5.25%
7.25%
7.75%
9.75%
6.75%
9.00%
8.75%
12.50%
7.50%
9.75%
1
The 1st Anniversary Renewal Caps for the iShares
®
MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
Index Effective Dates: 1/2/2019 – 1/6/2020
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
1
8.50%
10.25%
9.00%
10.25%
8.25%
10.25%
16.00%
19.50%
9.50%
11.00%
1st Anniversary Renewal Caps
6.25%
8.75%
7.75%
8.75%
7.50%
8.75%
11.50%
16.25%
7.50%
9.25%
2nd Anniversary Renewal Caps
5.25%
6.25%
7.75%
8.50%
6.75%
8.00%
8.75%
12.25%
7.00%
8.50%
1
The initial Caps for the iShares
®
MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
Index Effective Dates: 1/7/2020 – 1/4/2021
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
6.25%
8.75%
7.75%
8.75%
7.50%
8.75%
8.50%
16.25%
7.50%
9.25%
1st Anniversary Renewal Caps
5.25%
6.25%
7.75%
8.50%
6.75%
8.00%
8.50%
12.25%
7.00%
8.50%
Index Effective Dates: 1/5/2021 – 1/3/2022
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
5.25%
6.25%
7.75%
8.50%
6.75%
8.00%
8.00%
9.50%
7.00%
8.50%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
111
Table of Contents
Index Performance Strategy 1-year Term
Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring within each calendar year during May 23, 2017 (the date the Contracts were first issued), through January 3, 2022. The Buffer was 10.00% for each Index.
Index Effective Dates: 5/23/2017 – 1/2/2018
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
6.00%
8.75%
9.00%
12.25%
6.50%
9.00%
10.75%
12.75%
NA
NA
1st Anniversary Renewal Caps
7.25%
10.50%
9.00%
11.25%
9.25%
12.50%
15.00%
20.00%
NA
NA
2nd Anniversary Renewal Caps
7.50%
10.75%
8.75%
11.75%
9.25%
12.50%
15.50%
19.25%
10.50%
13.25%
3rd Anniversary Renewal Caps
11.75%
17.00%
13.75%
20.75%
12.75%
18.75%
15.50%
20.00%
13.50%
20.00%
4th Anniversary Renewal Caps
10.75%
12.75%
13.25%
16.00%
12.00%
14.50%
12.75%
19.50%
12.50%
17.00%
Index Effective Dates: 1/3/2018 – 1/1/2019
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
6.75%
10.75%
9.00%
11.75%
8.25%
13.00%
11.25%
20.00%
NA
NA
1st Anniversary Renewal Caps
1
7.25%
10.50%
8.75%
12.50%
8.75%
12.00%
14.25%
19.00%
10.50%
14.75%
2nd Anniversary Renewal Caps
8.25%
15.25%
9.00%
19.50%
9.00%
18.50%
14.00%
18.50%
10.25%
18.25%
3rd Anniversary Renewal Caps
10.00%
13.50%
12.75%
18.00%
11.75%
16.75%
12.00%
17.00%
11.50%
14.75%
1
The 1st Anniversary Renewal Caps for the iShares
®
MSCI Emerging Markets ETF are for a partial period of June 3, 2019 through January 1, 2020.
Index Effective Dates: 1/2/2019 – 1/6/2020
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
1
8.50%
12.25%
10.25%
12.50%
9.75%
14.75%
17.50%
20.00%
11.75%
14.75%
1st Anniversary Renewal Caps
8.75%
15.25%
9.50%
19.50%
9.50%
18.50%
14.75%
18.50%
10.75%
17.75%
2nd Anniversary Renewal Caps
9.75%
13.25%
12.50%
16.75%
11.75%
15.25%
11.50%
14.00%
11.25%
14.75%
1
The initial Caps for the iShares
®
MSCI Emerging Markets ETF are for a partial period of April 29, 2019 through January 6, 2020.
Index Effective Dates: 1/7/2020 – 1/4/2021
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
8.75%
15.25%
9.50%
19.50%
9.50%
18.50%
14.75%
18.50%
10.75%
17.75%
1st Anniversary Renewal Caps
9.75%
13.25%
12.50%
16.75%
11.75%
15.25%
11.50%
14.00%
11.25%
14.75%
Index Effective Dates: 1/5/2021 – 1/3/2022
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Nasdaq-100
®
Index
EURO STOXX 50
®
iShares
®
MSCI Emerging Markets ETF
Caps
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Lowest
Highest
Initial Caps
9.75%
13.25%
12.50%
16.75%
11.75%
15.25%
11.50%
14.00%
11.25%
14.75%
Index Performance Strategy 3-year Term
The Index Performance Strategy 3-year Term Index Options first became available to newly issued Contracts on May 1, 2020, and became available to certain existing
                  Contracts on the first Index Anniversary that occurred on or after November 23, 2020. For more information, please see Appendix G.
Following are the highest and lowest initial and
          renewal Caps offered for Index Effective Date periods occurring during May 1, 2020 (the date Index Performance Strategy 3-year Term was first available), through January 3, 2022. The Buffer was 10% for each Index.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
112
Table of Contents
Index Performance Strategy 3-year Term
(continued)
Index Effective Dates: 5/23/2017 – 1/2/2018
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Caps
Lowest
Highest
Lowest
Highest
3rd Anniversary Renewal Caps
1
50.00%
50.00%
45.00%
45.00%
4th Anniversary Renewal Caps
30.00%
55.00%
30.00%
50.00%
1
The 3rd Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 2, 2021.
Index Effective Dates: 1/3/2018 – 1/1/2019
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Caps
Lowest
Highest
Lowest
Highest
2nd Anniversary Renewal Caps
1
50.00%
50.00%
45.00%
45.00%
3rd Anniversary Renewal Caps
30.00%
50.00%
30.00%
45.00%
1
The 2nd Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 1, 2021.
Index Effective Dates: 1/2/2019 – 1/6/2020
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Caps
Lowest
Highest
Lowest
Highest
1st Anniversary Renewal Caps
1
50.00%
50.00%
45.00%
45.00%
2nd Anniversary Renewal Caps
30.00%
45.00%
30.00%
40.00%
1
The 1st Anniversary Renewal Caps are for a partial period of November 23, 2020 through January 6, 2021.
Index Effective Dates: 1/7/2020 – 1/4/2021
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Caps
Lowest
Highest
Lowest
Highest
Initial Caps
1
50.00%
55.00%
45.00%
55.00%
1st Anniversary Renewal Caps
30.00%
45.00%
30.00%
40.00%
1
The initial Caps are for a partial period of May 1, 2020 through January 6, 2021.
Index Effective Dates: 1/5/2021 – 1/3/2022
Indexes:
S&P 500
®
Index
Russell 2000
®
Index
Caps
Lowest
Highest
Lowest
Highest
Initial Caps
30.00%
100.00%
30.00%
40.00%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix C
113
Table of Contents
Appendix D – Historical Index Option Performance
          Information
The Index Performance Strategy 3-year Term using the S&P 500
®
Index was not available
                  before May 1, 2020. Therefore, no performance for this Index Option will be included here until after May 1, 2023. For more information, please see Appendix G.
The following historical information, based on
          historical Buffers, Floors, DPSCs, Precision Rates, and Caps, show how actual movements in the external Index Returns impacted actual Credits. They show the lowest and highest actual annual Index Returns for each time period, and the
          corresponding Credits received for these Index Returns. No single Crediting Method or Index Option consistently delivers the most return under all market conditions. Past performance does not guaranteed future results. This historical information
          shows the returns for Contracts with Index Effective Date periods occurring within the first year that each Crediting Method was available using the S&P 500
®
Index.
Index Protection Strategy with the S&P 500
®
Index
Index Effective Date
5/23/2017-
6/5/2017
6/6/2017-
7/4/2017
7/5/2017-
7/16/2017
7/17/2017-
7/31/2017
8/1/2017-
9/5/2017
9/6/2017-
10/2/2017
10/3/2017-
11/6/2017
Initial DPSC
1.50%
1.50%
1.50%
2.50%
2.50%
1.50%
1.50%
1st Index Year Index Return
10.12% to
15.40%
11.29% to
14.71%
12.50% to
15.09%
13.28% to
14.89%
13.61% to
18.57%
15.54% to
17.16%
2.33% to
15.42%
1st Index Anniversary Credit
1.50%
1.50%
1.50%
2.50%
2.50%
1.50%
1.50%
1st Anniversary Renewal DPSC
2.05%
2.00%
2.10%
3.10%
3.10%
2.10%
2.10%
2nd Index Year Index Return
-0.09% to
12.01%
2.57% to
10.42%
6.89% to
9.27%
5.54% to
7.79%
-0.63% to
4.98%
-1.23% to
4.18%
-0.51% to
15.08%
2nd Index Anniversary Credit
0% or
2.05%
2.00%
2.10%
3.10%
0% or
3.10%
0% or
2.10%
0% or
2.10%
2nd Anniversary Renewal DPSC
2.10%
2.10%
2.20%
3.20%
3.10%
2.20%
2.30%
3rd Index Year Index Return
-3.49% to
13.01%
3.27% to
13.68%
4.68% to
6.85%
6.49% to
9.25%
11.55% to
21.47%
9.12% to
15.96%
7.54% to
20.29%
3rd Index Anniversary Credit
0% or
2.10%
2.10%
2.20%
3.20%
3.10%
2.20%
2.30%
3rd Anniversary Renewal DPSC
2.40%
2.30%
2.30%
3.30%
3.30%
2.20%
2.20%
4th Index Year Index Return
32.33% to
47.49%
30.76% to
42.59%
36.60% to
38.96%
30.96% to
37.53%
28.28% to
34.25%
28.43% to
35.48%
23.10% to
39.89%
4th Index Anniversary Credit
2.40%
2.30%
2.30%
3.30%
3.30%
2.20%
2.20%
Index Effective Date
11/7/2017-
12/4/2017
12/5/2017-
1/2/2018
1/3/2018-
2/5/2018
2/6/2018-
3/5/2018
3/6/2018-
4/2/2018
4/3/2018-
4/30/2018
5/1/2018-
6/4/2018
Initial DPSC
1.50%
1.75%
1.75%
1.80%
1.85%
1.90%
2.05%
1st Index Year Index Return
1.37% to
8.62%
-12.38% to
2.68%
-9.77% to
3.35%
0.51% to
4.92%
-0.12% to
11.05%
7.17% to
11.18%
0.36% to
12.01%
1st Index Anniversary Credit
1.50%
0% or
1.75%
0% or
1.75%
1.80%
0% or
1.85%
1.90%
2.05%
1st Anniversary Renewal DPSC
2.10%
2.20%
2.00%
2.10%
2.20%
2.10%
2.10%
2nd Index Year Index Return
9.64% to
19.03%
15.46% to
37.13%
19.23% to
32.15%
6.10% to
23.79%
-21.63% to
7.25%
-13.39% to
-0.89%
-3.49% to
11.34%
2nd Index Anniversary Credit
2.10%
2.20%
2.00%
2.10%
0% or
2.20%
0%
0% or
2.10%
2nd Anniversary Renewal DPSC
2.30%
2.20%
2.20%
2.20%
2.30%
2.40%
2.40%
3rd Index Year Index Return
14.17% to
18.84%
13.59% to
18.43%
13.17% to
18.86%
14.92% to
32.08%
28.56% to
76.12%
44.83% to
63.86%
35.91% to
48.11%
3rd Index Anniversary Credit
2.30%
2.20%
2.20%
2.20%
2.30%
2.40%
2.40%
3rd Anniversary Renewal DPSC
2.20%
2.20%
4th Index Year Index Return
23.22% to
32.42%
23.15% to
29.61%
4th Index Anniversary Credit
2.20%
2.20%
Index Precision Strategy with the S&P 500
®
Index
The Index Precision Strategy was not available before November 14, 2017. The Buffer was 10% for all time periods. For Index Anniversaries with a range of Credits,
                  any positive Credit cannot be less than the stated positive number.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix D
114
Table of Contents
Index Effective Date
11/14/2017-
12/4/2017
12/5/2017-
1/2/2018
1/3/2018-
2/5/2018
2/6/2018-
3/5/2018
3/6/2018-
4/2/2018
4/3/2018-
4/30/2018
5/1/2018-
6/4/2018
Initial Precision Rate
5.00%
5.25%
5.25%
5.15%
6.75%
6.40%
7.90%
1st Index Year Index Return
1.37% to
8.62%
-12.38% to
2.68%
-9.77% to
3.35%
0.51% to
4.92%
-0.12% to
11.05%
7.17% to
11.18%
0.36% to
12.01%
1st Index Anniversary Credit
5.00%
-2.38% to
5.25%
0% or
5.25%
5.15%
0% or
6.75%
6.40%
7.90%
1st Anniversary Renewal Precision Rate
6.30%
7.30%
7.40%
7.00%
6.90%
6.30%
6.10%
2nd Index Year Index Return
9.64% to
19.03%
15.46% to
37.13%
19.23% to
32.15%
6.10% to
23.79%
-21.63% to
7.25%
-13.39% to
-0.89%
-3.49% to
11.34%
2nd Index Anniversary Credit
6.30%
7.30%
7.40%
7.00%
-11.63% to
6.90%
-3.39% to
0.00%
0% or
6.10%
2nd Anniversary Renewal Precision Rate
7.70%
7.10%
7.20%
6.50%
6.50%
9.20%
9.80%
3rd Index Year Index Return
14.17% to
18.84%
13.59% to
18.43%
13.17% to
18.86%
14.92% to
32.08%
28.56% to
76.12%
44.83% to
63.86%
35.91% to
48.11%
3rd Index Anniversary Credit
7.70%
7.10%
7.20%
6.50%
6.50%
9.20%
9.80%
3rd Anniversary Renewal Precision Rate
11.60%
9.10%
4th Index Year Index Return
23.22% to
32.42%
23.15% to
29.61%
4th Index Anniversary Credit
11.60%
9.10%
Index Effective Date
6/5/2018-
7/2/2018
7/3/2018-
8/6/2018
8/7/2018-
9/4/2018
9/5/2018-
10/1/2018
10/2/2018-
11/5/2018
11/6/2018-
12/3/2018
Initial Precision Rate
6.60%
6.00%
6.10%
6.50%
6.70%
7.10%
1st Index Year Index Return
2.57% to
9.03%
0.15% to
10.42%
-0.95% to
3.70%
0.54% to
4.18%
-1.23% to
14.32%
9.64% to
19.03%
1st Index Anniversary Credit
6.60%
6.00%
0% or
6.10%
6.50%
0% or
6.70%
7.10%
1st Anniversary Renewal Precision Rate
6.50%
7.20%
5.90%
7.70%
8.30%
8.00%
2nd Index Year Index Return
3.27% to
13.68%
4.48% to
16.22%
14.38% to
21.47%
9.12% to
15.15%
7.54% to
20.29%
14.06% to
18.54%
2nd Index Anniversary Credit
6.50%
7.20%
5.90%
7.70%
8.30%
8.00%
2nd Anniversary Renewal Precision Rate
9.90%
10.90%
11.70%
10.70%
11.20%
11.30%
3rd Index Year Index Return
30.76% to
42.59%
30.96% to
39.05%
29.10% to
32.82%
28.88% to
37.24%
23.10% to
39.89%
23.77% to
33.97%
3rd Index Anniversary Credit
9.90%
10.90%
11.70%
10.70%
11.20%
11.30%
Index Guard Strategy with the S&P 500
®
Index
The Floor was -10% for all time periods
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix D
115
Table of Contents
Index Effective Date
5/23/2017-
6/5/2017
6/6/2017-
7/4/2017
7/5/2017-
7/16/2017
7/17/2017-
7/31/2017
8/1/2017-
9/5/2017
9/6/2017-
10/2/2017
10/3/2017-
11/6/2017
Initial Cap
7.25%
7.25%
7.25%
9.00%
9.00%
7.00%
6.75%
1st Index Year Index Return
10.12% to
15.40%
11.29% to
14.71%
12.50% to
15.09%
13.28% to
14.89%
13.61% to
18.57%
15.54% to
17.16%
2.33% to
15.42%
1st Index Anniversary Credit
7.25%
7.25%
7.25%
9.00%
9.00%
7.00%
2.33% to
6.75%
1st Anniversary Renewal Cap
7.75%
7.25%
7.00%
8.75%
8.75%
6.75%
6.75%
2nd Index Year Index Return
-0.09% to
12.01%
2.57% to
10.42%
6.89% to
9.27%
5.54% to
7.79%
-0.63% to
4.98%
-1.23% to
4.18%
-0.51% to
15.08%
2nd Index Anniversary Credit
-0.09% to
7.75%
2.57% to
7.25%
6.89% to
7.00%
5.54% to
7.79%
-0.63% to
4.98%
-1.23% to
4.18%
-0.51% to
6.75%
2nd Anniversary Renewal Cap
7.25%
7.25%
8.25%
10.00%
9.00%
8.00%
8.25%
3rd Index Year Index Return
-3.49% to
13.01%
3.27% to
13.68%
4.68% to
6.85%
6.49% to
9.25%
11.55% to
21.47%
9.12% to
15.96%
7.54% to
20.29%
3rd Index Anniversary Credit
-3.49% to
7.25%
3.27% to
7.25%
4.68% to
6.85%
6.49% to
9.25%
9.00%
8.00%
7.54% to
8.25%
3rd Anniversary Renewal Cap
8.75%
8.25%
7.75%
9.50%
9.75%
7.50%
7.25%
4th Index Year Index Return
32.33% to
47.49%
30.76% to
42.59%
36.60% to
38.96%
30.96% to
37.53%
28.28% to
34.25%
28.43% to
35.48%
23.10% to
39.89%
4th Index Anniversary Credit
8.75%
8.25%
7.75%
9.50%
9.75%
7.50%
7.25%
Index Effective Date
11/7/2017-
12/4/2017
12/5/2017-
1/2/2018
1/3/2018-
2/5/2018
2/6/2018-
3/5/2018
3/6/2018-
4/2/2018
4/3/2018-
4/30/2018
5/1/2018-
6/4/2018
Initial Cap
6.75%
6.50%
6.50%
6.50%
6.75%
6.75%
7.75%
1st Index Year Index Return
1.37% to
8.62%
-12.38% to
2.68%
-9.77% to
3.35%
0.51% to
4.92%
-0.12% to
11.05%
7.17% to
11.18%
0.36% to
12.01%
1st Index Anniversary Credit
1.37% to
6.75%
-10.00% to
2.68%
-9.77% to
3.35%
0.51% to
4.92%
-0.12% to
6.75%
6.75%
0.36% to
7.75%
1st Anniversary Renewal Cap
6.75%
7.50%
7.25%
8.00%
8.00%
7.50%
7.25%
2nd Index Year Index Return
9.64% to
19.03%
15.46% to
37.13%
19.23% to
32.15%
6.10% to
23.79%
-21.63% to
7.25%
-13.39% to
-0.89%
-3.49% to
11.34%
2nd Index Anniversary Credit
6.75%
7.50%
7.25%
6.10% to
8.00%
-10.00% to
7.25%
-10.00% to
-0.89%
-3.49% to
7.25%
2nd Anniversary Renewal Cap
8.25%
8.00%
7.75%
7.75%
8.25%
8.75%
8.75%
3rd Index Year Index Return
14.17% to
18.84%
13.59% to
18.43%
13.17% to
18.86%
14.92% to
32.08%
28.56% to
76.12%
44.83% to
63.86%
35.91% to
48.11%
3rd Index Anniversary Credit
8.25%
8.00%
7.75%
7.75%
8.25%
8.75%
8.75%
3rd Anniversary Renewal Cap
7.75%
7.25%
4th Index Year Index Return
23.22% to
32.42%
23.15% to
29.61%
4th Index Anniversary Credit
7.75%
7.25%
Index Performance Strategy 1-year Term with the
          S&P 500
®
Index
The Buffer was 10% for all time periods.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix D
116
Table of Contents
Index Effective Date
5/23/2017-
6/5/2017
6/6/2017-
7/4/2017
7/5/2017-
7/16/2017
7/17/2017-
7/31/2017
8/1/2017-
9/5/2017
9/6/2017-
10/2/2017
10/3/2017-
11/6/2017
Initial Cap
7.25%
6.75%
7.00%
8.75%
8.75%
6.00%
7.00%
1st Index Year Index Return
10.12% to
15.40%
11.29% to
14.71%
12.50% to
15.09%
13.28% to
14.89%
13.61% to
18.57%
15.54% to
17.16%
2.33% to
15.42%
1st Index Anniversary Credit
7.25%
6.75%
7.00%
8.75%
8.75%
6.00%
2.33% to
7.00%
1st Anniversary Renewal Cap
10.25%
10.00%
8.75%
10.50%
10.50%
7.75%
7.25%
2nd Index Year Index Return
-0.09% to
12.01%
2.57% to
10.42%
6.89% to
9.27%
5.54% to
7.79%
-0.63% to
4.98%
-1.23% to
4.18%
-0.51% to
15.08%
2nd Index Anniversary Credit
0% to
10.25%
2.57% to
10.00%
6.89% to
8.75%
5.54% to
7.79%
0% to
4.98%
0% to
4.18%
0% to
7.25%
2nd Anniversary Renewal Cap
7.50%
8.75%
9.00%
10.75%
9.00%
8.75%
9.50%
3rd Index Year Index Return
-3.49% to
13.01%
3.27% to
13.68%
4.68% to
6.85%
6.49% to
9.25%
11.55% to
21.47%
9.12% to
15.96%
7.54% to
20.29%
3rd Index Anniversary Credit
0% to
7.50%
3.27% to
8.75%
4.68% to
6.85%
6.49% to
9.25%
9.00%
8.75%
7.54% to
9.50%
3rd Anniversary Renewal Cap
11.75%
12.25%
14.25%
16.00%
17.00%
14.00%
14.00%
4th Index Year Index Return
32.33% to
47.49%
30.76% to
42.59%
36.60% to
38.96%
30.96% to
37.53%
28.28% to
34.25%
28.43% to
35.48%
23.10% to
39.89%
4th Index Anniversary Credit
11.75%
12.25%
14.25%
16.00%
17.00%
14.00%
14.00%
Index Effective Date
11/7/2017-
12/4/2017
12/5/2017-
1/2/2018
1/3/2018-
2/5/2018
2/6/2018-
3/5/2018
3/6/2018-
4/2/2018
4/3/2018-
4/30/2018
5/1/2018-
6/4/2018
Initial Cap
7.00%
7.00%
6.75%
6.75%
8.75%
8.25%
10.25%
1st Index Year Index Return
1.37% to
8.62%
-12.38% to
2.68%
-9.77% to
3.35%
0.51% to
4.92%
-0.12% to
11.05%
7.17% to
11.18%
0.36% to
12.01%
1st Index Anniversary Credit
1.37% to
7.00%
-2.38% to
2.68%
0% to
3.35%
0.51% to
4.92%
0% to
8.75%
7.17% to
8.25%
0.36% to
10.25%
1st Anniversary Renewal Cap
8.00%
9.00%
9.00%
9.25%
8.50%
7.75%
7.50%
2nd Index Year Index Return
9.64% to
19.03%
15.46% to
37.13%
19.23% to
32.15%
6.10% to
23.79%
-21.63% to
7.25%
-13.39% to
-0.89%
-3.49% to
11.34%
2nd Index Anniversary Credit
8.00%
9.00%
9.00%
6.10% to
9.25%
-11.63% to
7.25%
-3.39% to
0.00%
0% to
7.50%
2nd Anniversary Renewal Cap
9.75%
9.50%
9.25%
8.75%
8.25%
10.50%
11.75%
3rd Index Year Index Return
14.17% to
18.84%
13.59% to
18.43%
13.17% to
18.86%
14.92% to
32.08%
28.56% to
76.12%
44.83% to
63.86%
35.91% to
48.11%
3rd Index Anniversary Credit
9.75%
9.50%
9.25%
8.75%
8.25%
10.50%
11.75%
3rd Anniversary Renewal Cap
15.50%
13.50%
4th Index Year Index Return
23.22% to
32.42%
23.15% to
29.61%
4th Index Anniversary Credit
15.50%
13.50%
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix D
117
Table of Contents
Appendix E – Rider Fee Calculation Example
Please note that this example may differ from your
          actual results due to rounding.
You purchase a Contract with the Maximum
          Anniversary Value Death Benefit. On the Quarterly Contract Anniversary your annual rider fee is 0.20% and your Contract Value and Charge Base are $100,000. This Contract Value includes any Variable Option gains or losses and any Daily Adjustments
          or Credits on the Index Options. During the quarter you make no additional Purchase Payments and take no withdrawals. We calculate the daily rider fee amount for this quarter as follows:
(the Charge Base) x (annual rider fee ÷ 365) = daily
          rider fee amount, or:
$100,000 x (0.20% ÷ 365) = $0.55
If there are 89 days in the current quarter (which
          includes the next Quarterly Contract Anniversary), then the total quarterly rider fee is:
(number of days in the current quarter) x (daily
          rider fee amount), or: 89 x $0.55 = $48.77
On the next Quarterly Contract Anniversary we would
          deduct $48.77 from the Contract Value. We first account for any gains/losses on the Variable Options and add any Daily Adjustments or Credits to the Index Option Values, then process any additional Purchase Payments, withdrawals you take, and
          deductions we make for the total quarterly rider fee. We then set the Charge Base equal to this new Contract Value. If the Contract Value at the end of the day on the Quarterly Contract Anniversary after all processing is $101,250 we would begin
          computing the daily rider fee for the next quarter on the next day as:
(the Charge Base) x (annual rider fee ÷ 365) = daily
          rider fee amount, or: $101,250 x (0.20% ÷ 365) = $0.55
If you make an additional Purchase Payment of
          $15,000 on the 43rd day of the next quarter, your Charge Base would increase by the dollar amount of the payment to $116,250 ($101,250 + $15,000). We would then use this new Charge Base to begin computing the daily rider fee for the remainder of
          the quarter on the next day as:
(the Charge Base) x (annual rider fee ÷ 365) = daily
          rider fee amount, or: $116,250 x (0.20% ÷ 365) = $0.64
If there are 92 days in the current quarter (which
          includes the next Quarterly Contract Anniversary), then the total quarterly rider fee is:
(number of days in the current quarter) x (daily
          rider fee amount), or:
(43 x $0.55) + (49 x $0.64) = $23.86 + $31.21 =
          $55.07
On the next Quarterly Contract Anniversary we would
          deduct $55.07 from the Contract Value after we account for any gains/losses on the Variable Option and add any Daily Adjustments or Credits to the Index Option Values. We would then process any additional Purchase Payments, withdrawals you take,
          and deductions we make for the total quarterly rider fee and set the Charge Base equal to this new Contract Value and begin computing the daily rider fee for the next quarter on the next day.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
118
Table of Contents
Appendix F – Alternate Minimum Value
The Alternate Minimum Value continues to be available to Contracts issued in Pennsylvania. For all other states, the Alternate Minimum Value became unavailable to Contracts:
• 
                  issued in California, Hawaii, Indiana, Montana, Nebraska, and Rhode Island on or after January 27, 2020; and
• issued in all other states on or after November 18, 2019.
For Contracts with the Alternate Minimum Value, if
          you take a withdrawal, annuitize the Contract, transfer out of an Index Option to a Variable Option, or if we pay a death benefit, each Index Option Value for each Crediting Method also includes any increase from its guaranteed minimum
(Alternate Minimum Value)
. If you receive no Credits, or only modest Credits, over many years, the Alternate Minimum Value may be higher than the Index Option Value. However, we expect that an Alternate Minimum
          Value generally will not be greater than its Index Option Value.
If you take a full withdrawal, annuitize the
          Contract, or if we pay a death benefit, we compare each Index Option Value to its Alternate Minimum Value and we increase your Index Option Value to equal the Alternate Minimum Value if it is greater. If you take a partial withdrawal, or transfer
          Index Option Value to a Variable Option, we compare the percentage of Index Option Value withdrawn (including any applicable withdrawal charge) with an equivalent percentage of its Alternate Minimum Value.
The Alternate Minimum Value for each of your
          selected Index Options is generally equal to 87.5% of the Index Option Base determined on the Term Start Date as adjusted for withdrawals and withdrawal charges taken during the current Term, plus Accumulated Alternate Interest and the Daily
          Adjustment (if applicable).
However, for Contracts issued in Pennsylvania on or after February 24, 2020, the Alternate Minimum Value does
not
accrue Accumulated Alternate Interest for Index Options available with the Index Precision Strategy, Index Guard
            Strategy, or Index Performance Strategy.
Accumulated Alternate Interest
is the sum of alternate interest earned for the entire time you own your Contract. For each Index Year the alternate interest
          is equal to either 70% or 87.5% of the Index Option Base multiplied by the alternate interest rate stated in your Contract.
We use 70% if your Contract was issued in
….
We use 87.5% if your Contract was issued in
….
• Pennsylvania from April 29, 2019 to February 21, 2020,
• California and Montana on or after July 22, 2019
• New Hampshire on or after June 24, 2019
• any other state on or after April 29, 2019
•  Pennsylvania before April 29, 2019, or on or after February 24, 2020,
• California and Montana before July 22, 2019
• New Hampshire before June 24, 2019
• any other state before April 29, 2019
We add interest to the Accumulated Alternate
          Interest daily. You can find more information about the Alternate Minimum Value at Exhibit 99(a) of the Form S-1 Registration Statement filed with the SEC, of which this prospectus is a part. This information is incorporated by reference into
          this prospectus. You can obtain a copy of Exhibit 99(a) by calling (800) 624-0197, or visiting our website at
allianzlife.com
.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix F
119
Table of Contents
Appendix G – Material Contract Variations by State and
          Issue Date
Your Contract is subject to the law of the state in
          which it is issued. Some of the features of your Contract may differ from the features of a Contract issued in another state because of state-specific legal requirements. In addition, not all features and benefits are approved in all states. All
          material state variations in the Contract are disclosed in this Appendix. If you would like more information regarding state specific Contract provisions, you should contact your Financial Professional or contact our Service Center at the
          toll-free telephone number listed at the back of this prospectus.
Crediting Method and/or Index Option Availability
          Restrictions
Crediting Method / Index Options
Availability Restrictions:
Index Protection Strategy
– Not available to Contracts issued in Washington or Missouri on or before November 15, 2019
Index Protection Strategy with the Russell 2000
®
Index,
                  Nasdaq-100
®
Index, and EURO STOXX 50
®
– These first became available to newly issued Contracts on May 1, 2018, and to inforce Contracts on the first Index Anniversary
                  that occurred on or after June 4, 2018.
Index Precision Strategy
– This first became available to newly issued Contracts on November 14, 2017, and to inforce Contracts on the first Index
                  Anniversary that occurred on or after January 15, 2018.
iShares
®
MSCI Emerging Markets ETF with the Index
                  Protection Strategy, Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy 1-year Term
– For Contracts issued in California and Montana, these first became available to newly issued Contracts on July 22, 2019.
– For Contracts issued in New Hampshire, these first became available to newly issued Contracts on June 24, 2019.
– For Contracts issued in all other states, these first became available to newly issued Contracts on April 29, 2019.
– For Contracts issued before April 29, 2019, these first became available on the first Index Anniversary that occurred on or after June 3, 2019.
Index Performance Strategy 3-year Term
– For Contracts issued in Virginia, these first became available to newly issued Contracts on May 19, 2020.
– For Contracts issued in Montana, these first became available to newly issued Contracts on June 23, 2020.
– For Contracts issued in Pennsylvania, these first became available to newly issued Contracts on July 21, 2020.
– For Contracts issued in all other states, it first became available to newly issued Contracts on May 1, 2020.
– For Contracts issued in New Hampshire these first became available to newly issued Contracts on June 21, 2021, and became available to inforce Contracts on the first Index Anniversary that occurred on or after June 21, 2021.
– For Contracts issued before May 1, 2020, in all other states these first became available on the first Index Anniversary that occurred on or after November 23, 2020.
If a Crediting Method or Index Option
is not available, you cannot allocate to it unless we make it available to you on a future Index Anniversary.
Certain Crediting Methods and/or Index Options also may not be
            available from all selling firms or from all Financial Professionals. Please consult with your Financial Professional for more information.
CONTRACTS WITHOUT THE INDEX PROTECTION STRATEGY:
If in future years the renewal Cap and Precision Rates are not
                    acceptable to you, you will not be able to transfer into the Index Protection Strategy and take advantage of its principal protection. This would subject you to ongoing market risk and you could lose principal and previous earnings.
Death Benefit Availability Restrictions
The Maximum Anniversary Value Death Benefit was not
          available to Contracts issued before May 1, 2018.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix G
120
Table of Contents
Other Material State Contract Variations
ISSUE STATE
FEATURE AND BENEFITS
VARIATION
California
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Free Look/Right to Examine Period
See section 3
For Owners age 60 or older (or Annuitants age 60 or older for non-individually owned Contracts), we are required to allocate your initial Purchase Payment to the
                  AZL Government Money Market Fund during the 30 day free look period unless you specify otherwise on the appropriate form. If you want to immediately apply your Purchase Payment to the Index Options or other Variable Options you must opt
                  out of this allocation. If you do not opt out of this allocation to the AZL Government Money Market Fund your Index Effective Date cannot occur until the free look period has ended.
Connecticut
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We can only restrict assignments to settlement companies and institutional investors as described in your Contract
.
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the
                    Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Delaware
Our Unregistered Separate Account
See section 12
All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate Account IANA.
                  We do not move assets between the general account and Separate Account IANA for Contracts issued in Delaware.
Florida
Withdrawal Charges
See Fee Tables and section 6
The total withdrawal charge on a partial or full withdrawal cannot be greater than 10% of the Contract Value withdrawn.
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Purchase Requirements
See section 3
We can only decline a Purchase Payment if it would cause total Purchase Payments to be more than $1 million, or if it would otherwise violate the Purchase Payment
                  restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
When Annuity Payments Begin
See section 8
The earliest acceptable Annuity Date is one year after the Issue Date.
Iowa
Withdrawal Charges
See Fee Tables and section 6
The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
Massachusetts
Waiver of Withdrawal Charge Benefit
See section 7
The waiver of withdrawal charge benefit is not available.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix G
121
Table of Contents
ISSUE STATE
FEATURE AND BENEFITS
VARIATION
Mississippi
Withdrawal Charges
See Fee Tables and section 6
The withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
Purchase Requirements
See section 3
•
For Contracts issued before November 18, 2019
: We do not accept additional
                  Purchase Payments on or after the first Contract Anniversary. We also limit the amount of additional Purchase Payments you can make on or after the first Quarterly Contract Anniversary to the amount of total Purchase Payments we received
                  before the first Quarterly Contract Anniversary.
•
For Contracts issued on or after November 18, 2019
: Each Contract Year that we allow additional Purchase Payments you cannot add more than your initial amount without our
                  prior approval. Your initial amount is all Purchase Payments received before the first Quarterly Contract Anniversary of the first Contract Year. We do not allow additional Purchase Payments on or after the tenth Contract Anniversary.
                  However, we allow you to add up to the initial amount in the remainder of the first Contract Year (the first Quarterly Contract Anniversary to the last Business Day before the first Contract Anniversary).
Missouri
Our Unregistered Separate Account
See section 12
All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate Account IANA.
                  We do not move assets between the general account and Separate Account IANA for Contracts issued in Missouri.
Montana
Access to Your Money
See section 7
If you take a partial withdrawal that reduces the Contract Value below $2,000, we contact you by phone and give you the option of modifying your withdrawal
                  request. If we cannot reach you, we process your request as a full withdrawal.
New Hampshire
Waiver of Withdrawal Charge Benefit
See section 7
The definition of nursing home is an institution operated in accordance with state law.
New Jersey
Joint Owner
See section 2
We allow civil union partners to be Joint Owners.
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership.
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Purchase Requirements
See section 3
The maximum total Purchase Payments that we can accept is $1 million. We can only decline a Purchase Payment if it would cause total Purchase Payments to be more
                  than $1 million, or if it would otherwise violate the Purchase Payment restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
Ohio
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership.
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix G
122
Table of Contents
ISSUE STATE
FEATURE AND BENEFITS
VARIATION
Pennsylvania
Withdrawal Charges
See Fee Tables and section 6
The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
Waiver of Withdrawal Charge Benefit
See section 7
The waiver is not available if on the Issue Date, an Owner was confined to a nursing home or was already diagnosed with a terminal illness. Also, the nursing home
                  confinement requirement is a total of 90 days within a six month period. These 90 days do not need to be consecutive.
Texas
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership.
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Purchase Requirements
See section 3
•
For Contracts issued from April 29, 2019 through November 15, 2019
: we do not
                  accept additional Purchase Payments on or after the first Contract Anniversary.
•
For Contracts issued on or after November 18, 2019
: We do not accept additional Purchase Payments on or after the tenth Contract Anniversary.
Access to Your Money
See section 7
We only treat a partial withdrawal that reduces the Contract Value below $2,000 as a full withdrawal if you have not made an additional Purchase Payment in the
                  past two calendar years.
Our Unregistered Separate Account
See section 12
For Contracts issued before May 1, 2020
: We hold all assets that
                    you allocate to the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options that are not invested in the general account in an unregistered, non-unitized, insulated separate account (Separate Account
                    IATX). Separate Account IATX is structured differently from Separate Account IANA. Unlike Separate Account IANA, Separate Account IATX is for the exclusive benefit of persons purchasing a Contract in the State of Texas. Separate Account
                    IATX is insulated from the claims of creditors and Contract purchasers are given priority with regard to Separate Account IATX's assets over Contract purchasers from other states as well as general creditors. Separate Account IATX was
                    established under Minnesota law for the benefit of Texas Contract purchasers. Separate Account IATX supports our obligations to pay Performance Credits to Texas Contract Owners. Allocations and reallocations to and from the Separate
                    Account IATX are managed in the same manner as Separate Account IANA. Neither Texas Contract purchasers nor these Index Options participate in any way in the performance of assets held in Separate Account IATX.
Utah
Purchase Requirements
See section 3
•
For Contracts issued before November 18, 2019
: We do not accept additional
                  Purchase Payments on or after the first Contract Anniversary.
•
For Contracts issued on or after November 18, 2019
: We do not accept additional Purchase Payments on or after the tenth Contract Anniversary.
Washington
Our Unregistered Separate Account
See section 12
All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate
                  Account IANA. We do not move assets between the general account and Separate Account IANA for Contracts issued in Washington.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix G
123
Table of Contents
ISSUE STATE
FEATURE AND BENEFITS
VARIATION
Wisconsin
Assignments, Changes of Ownership and Other Transfers of Contract Rights
See section 2
We cannot restrict assignments or changes of ownership.
• We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner
                    is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner's death the Beneficiary(s) will only receive the Contract Value.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix G
124
Table of Contents
Appendix H – Variable Options Available Under the
          Contract
The following includes information about the
          Variable Options. More information about the Variable Options is available in the Variable Options' prospectuses, which may be amended from time to time and can be found online at
allianzlife.com/variableoptions
.
          You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to contact.us@allianzlife.com.
The current expenses and performance information
          below reflects fees and expenses of the Variable Options, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. The Variable
          Options' past performance is not necessarily an indication of future performance.
Investment Objectives
Variable Option and
Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2021)
1 Year
5 Years
10 Years
Current income consistent with stability of principal
AZL
®
Government Money Market Fund
(1)
Adviser: Allianz Investment Management LLC
Subadviser: BlackRock Advisors, LLC
0.64%
0.00%
0.53%
0.27%
Long-term capital appreciation with preservation of capital as an important consideration
AZL
®
MVP Balanced Index Strategy Fund
(2)
Adviser: Allianz Investment Management LLC
0.71%
10.02%
7.73%
7.20%
Long-term capital appreciation
AZL
®
MVP Growth Index Strategy Fund
(2)
Adviser: Allianz Investment Management LLC
0.68%
16.40%
9.77%
9.23%
(1)
The AZL
®
Government Money Market Fund's annual expenses reflect a temporary fee reduction. Please see the AZL
®
Government Money Market Fund's prospectus for information regarding the expense reimbursement or fee waiver arrangement.
(2)
This Variable Option is managed in a way that is intended to minimize volatility of returns (referred to as a "managed volatility strategy"). Please see "Principal Risks – Managed Volatility Fund Risk" in the prospectus and
                  the Investment Option's prospectus for more information.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix H
125
Table of Contents
Appendix I – Selected Financial Data and Statutory Financial Statements
Management's Discussion and Analysis of Financial
          Condition and Results of Operations (For the 12 month period ended December 31, 2021)
The following discussion of our financial condition
          and results of operations should be read in conjunction with our statutory financial statements and notes to those statements included in this Appendix. The discussion and analysis in this Appendix includes certain forward-looking statements that
          are subject to risks, uncertainties and other factors, as described in "Risk Factors" and elsewhere in this prospectus, that could cause our actual growth, results of operations, performance, financial position and business prospects and
          opportunities in 2022 and beyond to differ materially from those expressed in, or implied by, those forward-looking statements. See "Forward-Looking Statements."
Statutory Financial Statements
The statutory financial statements of Allianz Life
          Insurance Company of North America as of December 31, 2021 and 2020 and for each of the three years in the period ended December 31, 2021 included in this Appendix I have been so included in reliance on the report of PricewaterhouseCoopers LLP,
          an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting. The principal business address of PricewaterhouseCoopers LLP is 45 South Seventh Street, Suite 3400, Minneapolis, MN.
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
Appendix I
126
Part I
Item 11(f).
Selected Financial Data
(dollars in millions, unless otherwise stated)
The following table sets forth the Company's selected historical
        financial data. The selected financial data has been derived from the Statutory Financial Statements included elsewhere in this prospectus, and should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and
        Results of Operations" and the Company's audited Statutory Financial Statements.
These historical results are not necessarily indicative of results to
        be expected for any future period.
Year ended December 31,
Selected income data
2021
2020
2019
2018
2017
Premium and annuity considerations*
$
14,291
10,542
13,029
12,193
10,231
Net investment income
4,866
4,864
4,839
4,593
4,504
Ceded reinsurance
                reserve and expense adjustments
639
(45)
329
245
612
Fees from separate accounts
574
567
613
676
719
Other income
(32)
694
(13)
(3)
150
Total income
20,338
16,622
18,797
17,704
16,216
Policyholder benefits
                and surrenders
10,876
10,343
10,368
9,436
8,649
Change in aggregate reserves
4,316
2,465
1,034
7,299
10,628
General and
                administrative and commission
2,195
1,739
1,878
1,770
1,616
Net transfers to separate accounts
2,424
1,460
5,254
(2,009)
(1,851)
Total benefits
                and other expenses
19,811
16,007
18,534
16,496
19,042
Income tax expense (benefit)
1,091
18
773
(51)
24
Net realized capital
                gain (loss)
1,856
142
1,053
(490)
3,655
Net income (loss)
$
1,292
739
543
769
805
Capital and Surplus:
Change in unrealized capital gain (loss)
$
(142)
(61)
719
(230)
(78)
Dividends to parent
(900)
(750)
(325)
—
(780)
Other change in capital & surplus
2,794
(220)
441
26
(101)
Net change in
                capital & surplus
$
3,044
(292)
1,378
565
(154)
*Includes premiums and
                annuity and supplementary contract considerations.
As of December 31,
Selected balance sheet
                data
2021
2020
2019
2018
2017
Total cash and invested assets
$
122,829
125,229
121,870
117,203
109,328
Investment income due
                and accrued
947
1,040
1,031
1,047
1,004
Other admitted assets
1,480
1,218
945
951
982
Separate account assets
48,279
45,901
34,638
22,835
26,755
Total
                admitted assets
173,535
173,388
158,484
142,036
138,069
Total policyholder
                liabilities
103,933
109,353
107,098
107,118
100,433
Other liabilities
10,618
10,473
8,794
5,507
4,869
Separate account
                liabilities
48,279
45,901
34,638
22,835
26,755
Total
                liabilities
162,830
165,727
150,530
135,460
132,057
Total capital
                and surplus
10,705
7,661
7,954
6,576
6,011
Selected Financial Data and Management's Discussion and Analysis
Page 1 of 22
Item 11(h).
Management's Discussion and Analysis of Financial Condition and
        Results of Operations
The following discussion and analysis provides an assessment by
        management of the Company's financial condition as of December 31, 2021, compared with December 31, 2020, and its results of operations for each of the three years ended December 31, 2021, 2020, 2019, respectively. The information contained herein
        should be read in conjunction with the financial statements, notes, exhibits and schedules in the 2021 and 2020 Annual Statement and audited Statutory Financial Statements of the Company. Amounts are presented on a non-consolidated basis in
        accordance with Statutory Accounting Principles (SAP).
Forward-looking Statements
This report reviews the Company's financial condition and results of
        operations. Where appropriate, factors that may affect future financial performance are also identified and discussed. Certain statements made in this report include "forward-looking statements" within the meaning of the Private Securities
        Litigation Reform Act of 1995. Forward- looking statements include any statement that may predict, forecast, indicate or imply future results, performance or achievements instead of historical facts, and may contain words like "believe", "expect",
        "estimate", "project", "budget", "forecast", "anticipate", "plan", "will", "shall", "may", and other words, phrases or expressions with similar meaning. Forward-looking statements are subject to risks and uncertainties. Readers are cautioned not to
        place undue reliance on forward-looking statements as a prediction of actual results. The Company undertakes no obligation to update publicly or revise any forward-looking statements.
Company Overview
Allianz Life is a wholly owned subsidiary of Allianz of America, Inc.
        (AZOA), which is a subsidiary of Allianz Europe, B.V.. Allianz Europe, B.V. is a wholly owned subsidiary of Allianz SE, the Company's ultimate parent, which is incorporated in Munich, Germany. The Company is a life insurance company domiciled in
        the State of Minnesota and is licensed to sell insurance products in all U.S. states, except New York, several U.S. territories, and Canada. The Company offers a portfolio of individual fixed-indexed annuities, variable-indexed annuities, and
        individual ordinary fixed-indexed universal life (FIUL) products. The Company's products are either sold through licensed independent agents contracted with a field marketing organization or insurance agency, or licensed registered representatives
        contracted with a broker/dealer. The Company also maintains a closed portfolio of fixed and variable annuities, individual and group long-term care (LTC) and group life, annuity and accident and health policies, and does not actively issue new
        policies related to these products.
The Company has organized its principal operations into the following
        segments: Individual Annuities, Life, and Legacy.
Individual Annuities
The Individual Annuities segment provides tax-deferred investment
        growth and lifetime income opportunities for our customers through fixed, fixed-indexed and variable-indexed. The "fixed" and "variable" classifications describe whether we or the contractholders bear the investment risk of the assets supporting
        the contract. We are one of the largest sellers of fixed-indexed and variable-indexed products. Fixed and variable annuities provide for both asset accumulation and asset distribution needs. Our Individual Annuity products are sold through both
        independent and wholly-owned distribution channels made up of agents and registered representatives.
Fixed annuities provide guarantees related to the preservation of
        principal and interest credited. In 2021, sales of our fixed-indexed annuity products were higher than the prior year due to impacts of increasing interest rates and strong sales for the Allianz Benefit Control
®
due to a
        2021 sales promotion . In 2020, sales of our fixed-indexed annuity products were lower than the prior year due to the low interest rate environment and social distancing constraints as a result of the coronavirus pandemic.
Selected Financial Data and Management's Discussion and Analysis
Page 2 of 22
Variable annuities allow the contractholder to make deposits into
        various investment options and also have unique product features that allow for guaranteed minimum income benefits, guaranteed minimum accumulation benefits, guaranteed minimum death benefits, and guaranteed minimum withdrawal benefits. The
        variable annuity products with guaranteed minimum benefits which provide a minimum return based on their initial deposit may be increased by additional deposits, bonus amounts, or other account crediting features. The income and accumulation
        benefits shift a portion of the investment risk from the contractholder back to the Company. The Company's variable annuity sales strategy has shifted to variable-indexed annuity products, which combines a separate account option with a general
        account option that is similar to a fixed-indexed annuity. In 2021, sales of the variable-indexed annuity were higher than the prior year due to strong sales for the Index Advantage Income
®
product driven by the market environment and a 2021
        sales promotion. In 2020, sales of the variable-indexed annuity were higher than the prior year due to strong sales for the Index Advantage Income
®
product driven by the market environment and a 2020
        sales promotion.
Life
Our life insurance products provide flexibility and control over a
        person's assets, providing the assurance that the beneficiaries will be protected after the insured is gone and, in certain cases, to add cash value accumulation potential. The sales focus of our Life segment is our FIUL insurance products.
        Deposits are credited to an account maintained for the policyholder. Our individual life products are sold through independent distribution channels made up of agents and registered representatives. The Life business has continued to grow for the
        last several years and was driven by strong product proposition and expanded accelerated underwriting.
Legacy
The Legacy business consists of closed blocks of LTC and Special
        Markets products. The Special Markets products include individual and group annuity and life products, including universal life and term life insurance. Although Legacy products are part of the total results, the Company does not allocate
        additional resources to these areas other than to maintain the operational support to its current customers. The Company enters into reinsurance agreements to manage risk resulting from businesses we have chosen to exit. The performance of these
        product lines is not material enough to warrant discussion as separate operating segments.
Income and Expense Allocation
We maintain segregated investment portfolios at the subsidiary level
        but do not maintain segregated portfolios for each segment. All net investment income and other Corporate income and expense activity is allocated to the segments. Assets are only monitored at the total Company level, and as such, asset disclosures
        by segment are not included herein.
Income and expense related to assets backing policyholder reserves are
        allocated to the segments based on policyholder statutory reserve levels. The results of our segments also reflect allocation of income and expense related to assets backing surplus. Income and expense related to assets backing surplus are
        allocated to the segments based on required capital levels for each segment.
Basis of Presentation
The Statutory Financial Statements have been prepared in accordance
        with accounting practices prescribed or permitted by the Minnesota Department of Commerce (the Department). The Department recognizes statutory accounting practices prescribed or permitted by the state of Minnesota for determining and reporting the
        financial condition and results of operations of an insurance company and its solvency under Minnesota insurance law. The state of Minnesota has adopted the National Association of Insurance Commissioners (NAIC)
Accounting Practices and Procedures Manual
as its prescribed basis of SAP, without significant modification. The Company has no material statutory accounting practices that differ from those of the Department or NAIC SAP.
        These practices differ in some respects from accounting principles generally accepted in the United States of America (U.S. GAAP). The effects of these differences, while not quantified, are presumed to be material to the Statutory Financial
        Statements.
The preparation of Statutory Financial Statements in conformity with
        NAIC SAP requires management to make certain estimates and assumptions that affect reported amounts of admitted assets and liabilities, including reporting or disclosure of contingent assets and liabilities as of December 31, 2021, and 2020 and the
        reported amounts of revenues and expenses during the reporting period. Future events, including changes in mortality, morbidity, interest rates, capital markets, and asset valuations could cause actual results to differ from the estimates used
        within the Statutory Financial Statements. Such changes in estimates are recorded in the period they are determined.
Selected Financial Data and Management's Discussion and Analysis
Page 3 of 22
Adoption of New Financial Accounting Standards
See Note 3 – "Accounting Changes and Correction of Errors" of the
        Company's audited Statutory Financial Statements in this prospectus for information related to recent accounting pronouncements.
Application of Critical Accounting Policies
Our accounting policies require management to make interpretative and
        valuation judgments and to make estimates based upon assumptions that affect the amounts of assets, liabilities, revenues, and expenses reported in our Statutory Financial Statements. Because the use of assumptions and estimates inherently entails
        uncertainty, the effects of accounting policies under different conditions could produce results that are significantly different. A discussion of the presentation of the business factors that affect critical accounting policies can be found in
        Note 2 of the accompanying Statutory Financial Statements and are summarized below.
Accounting for Investments
Investment valuation and presentation are determined to be in
        accordance with methods prescribed by the NAIC. See Note 5 and 6 of the audited Statutory Financial Statements for additional information regarding the portfolio and fair value of investments.
Aggregate Reserves for Life Policies and Annuity
        Contracts
See Notes 12 through 14 of the audited Statutory Financial Statements
        for additional information regarding our annuity and life actuarial reserves, deposit liabilities, and separate accounts.
Derivatives
See Notes 2 and 5 of the audited Statutory Financial Statements for
        additional information regarding our derivatives and hedging instruments.
Reinsurance
See Note 11 of the audited Statutory Financial Statements for
        additional information regarding reinsurance agreements we have entered into to manage insurance risk, as well as businesses we exited.
Income Taxes
See Note 9 of the audited Statutory Financial Statements for
        additional information regarding income tax estimates and assumptions.
Selected Financial Data and Management's Discussion and Analysis
Page 4 of 22
Results of Operations
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Income:
Premium and annuity considerations*
$
14,291
10,542
13,029
3,749
35.6
%
$
(2,487)
(19.1)
%
Net investment
                income
4,866
4,864
4,839
2
—
25
0.5
Ceded reinsurance reserve and expense
                adjustments
639
(45)
329
684
(1,520.0)
(374)
(113.7)
Fees from
                separate accounts
574
567
613
7
1.2
(46)
(7.5)
Other income
(32)
694
(13)
(726)
(104.6)
707
5,438.5
Total income
20,338
16,622
18,797
3,716
22.4
%
(2,175)
(11.6)
%
Benefits and other expenses:
Policyholder
                benefits and surrenders
10,876
10,343
10,368
533
5.2
%
(25)
(0.2)
%
Change in aggregate reserves
4,316
2,465
1,034
1,851
75.1
1,431
138.4
General and
                administrative and commission
2,195
1,739
1,878
456
26.2
(139)
(7.4)
Net transfers to separate accounts
2,424
1,460
5,254
964
66.0
(3,794)
(72.2)
Total
                benefits and other expenses
19,811
16,007
18,534
3,804
23.8
(2,527)
(13.6)
Pretax income (loss)
527
615
263
(88)
(14.3)
352
133.8
Income tax
                expense (benefit)
1,091
18
773
1,073
5,961.1
(755)
(97.7)
Net realized capital gain (loss)
1,856
142
1,053
1,714
1,207.0
(911)
(86.5)
Net income
                (loss)
$
1,292
739
543
553
74.8
%
$
196
36.1
%
Capital and Surplus:
Change in
                unrealized capital gain (loss)
$
(142)
(61)
719
(81)
(132.8)
%
$
(780)
(108.5)
%
Dividends to parent
(900)
(750)
(325)
(150)
(20.0)
(425)
(130.8)
Other change in
                capital & surplus
2,794
(220)
441
3,014
1,370.0
(661)
(149.9)
Net change in capital & surplus
$
3,044
(292)
1,378
3,336
1,142.5
%
$
(1,670)
(121.2)
%
*Includes premiums and annuity and
                supplementary contract considerations.
**Not meaningful
Year Ended December 31, 2021
Compared to
Year Ended
        December 31, 2020
Overview
The increase in capital and surplus was primarily driven by gains on
        new reinsurance transactions, mostly related to the initial ceding commission and reserve impacts, and impacts from favorable equity markets resulting in net gains on derivatives hedging fixed-indexed and life product liabilities. These items were
        partially offset by a higher dividend payment to our parent company.
Income
•
Premium and annuity considerations
:
I
ndividual Annuities premiums and annuity considerations increased primarily due to
higher fixed-indexed and variable-indexed annuity premium driven by competitive product features and 2021 sales
        promotions on both the Allianz Benefit Control® and Allianz Index Advantage Income® products
.
The Life segment increased as a result of an increase in first year and renewal premiums
on Life Pro Plus Advantage
®
due to a growing block of business.
•
Net investment income:
Net investment income increased slightly primarily due to growth in the fixed-indexed annuity block of business, variable-indexed annuity and Life segment invested assets.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments increased primarily due to impacts from new inforce reinsurance agreements in the
        Individual Annuities segment.
Selected Financial Data and Management's Discussion and Analysis
Page 5 of 22
•
Fees
        from separate accounts
: Fees from separate accounts slightly increased primarily due to higher separate account assets on
        the traditional variable annuity block of business due to positive equity markets, mostly offset by surrenders.
•
Other income:
Other income decreased primarily due to a decrease in derivative income on interest rate swaps that hedge changes in cash flows for variable annuities, primarily driven by
        increasing interest rates, within the Individual Annuity segment.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
: Policyholder benefits and surrenders increased slightly primarily due to an increase in annuitizations and surrenders within the Individual Annuity segment and increased death
        claims in the Life segment.
•
Change in aggregate reserves:
Change in aggregate reserves increased primarily due to an increase in the Individual Annuities segment driven by higher new reserves established due to higher production and an
        increase in index crediting due to positive equity markets, as well as an increase in the Life segment reserves due to higher premiums and an increase in index credits. This was partially offset by variable annuity reserve decreases, due to
        increasing interest rates.
•
General and administrative and commission:
General, administrative and commission expense increased primarily due to an increase in commissions expense as a result of higher production in the Individual Annuity and Life
        segments.
•
Net transfers to separate accounts:
Net transfers to separate accounts increased due to increased premium from Index Advantage Income® in the Individual Annuities segment.
•
Income tax expense (benefit)
: There is a federal income tax expense in 2021 due to impacts from realized and unrealized gains on derivatives hedging liabilities in the Company's Individual Annuity and Life
        segments and gains from new reinsurance transactions in the Individual Annuity segment.
•
Net realized capital gain (loss):
Net realized capital gains increased due to gains on derivatives hedging fixed-indexed annuities and life product liabilities, partially offset by losses on derivatives hedging
        variable-indexed annuity product liabilities.
Capital and Surplus
•
Change in unrealized capital gain (loss):
Unrealized capital losses are primarily due to losses on derivatives product liabilities in the Individual Annuities segment and the Life segment.
•
Dividends to parent:
Dividends of $
900
were paid to the parent in 2021.
•
Other change in capital and surplus:
Other change in capital and surplus increased due to impacts from new inforce reinsurance agreements which were entered in 2021 and the change in deferred income taxes as a result
        of positive derivative hedging impacts within our Individual Annuities segment. There was also a change in asset valuation reserve (AVR) that decreased capital and surplus due to the growth of the Company's general account investment portfolio.
Year Ended December 31, 2020 Compared to Year Ended December 31, 2019
Overview
The decrease in capital and surplus was
        primarily driven by volatility within the equity market movements resulting in hedging losses, a ceded reinsurance recapture in fixed-indexed annuities, and an increase in the 2020 dividend payment to the parent.
Income
•
Premium and annuity considerations
:
Premium and annuity
        considerations decreased primarily due to lower fixed-indexed annuity sales based upon product changes made in response to the continued low interest rate environment and social distancing constraints impacting sales methods. This was partially
        offset by higher variable-indexed annuity premium driven by a 2020 sales promotion all within the Individual Annuities segment. The Life segment increased as a result of an increase in first year and renewal premiums due to a growing block of
        business.
•
Net investment income:
Net investment income
        increased due to an increase in average invested assets and positive cash flows.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments decreased primarily due to impacts from a ceded reserve recapture that was executed in 2020 in the Individual Annuities segment.
Selected Financial Data and Management's Discussion and Analysis
Page 6 of 22
•
Fees from separate accounts
:
Fees from separate accounts
        decreased primarily due to lower average separate account assets as a result of outflows due to policyholder activity and negative equity market impacts in early 2020 in the Individual Annuities segment.
•
Other income:
Other income increased
        primarily due to an increase in derivative income on interest rate swaps that hedge variable annuities and amortization of the deferred hedge liability under SSAP No. 108 in the Individual Annuities segment.
Benefits and Other Expenses
•
Change in aggregate reserves:
Change in aggregate reserves
        increased primarily due to a change in presentation of assets and liabilities relating to the variable-indexed product in 2019. In 2019, the Company transferred assets from the general account to the separate account to align with state product
        filing requirements, and the reserve decrease is completely offset in Net transfers to(from) separate accounts.
In
        addition, variable annuity reserves increased in 2020 driven by overall net growth in the variable-index annuity block of business. This was partially offset by the decrease of the fixed-index annuity reserves driven by lower index credits as a
        result of the less favorable equity market increase and lower fixed-indexed annuity premiums due to the decrease in production.
.
•
General and administrative and commission:
General, administrative and
        commission expense decreased primarily due to a decrease in commissions expense as a result of lower overall premium as discussed above.
•
Net transfers to separate accounts:
Net transfers to (from)
        separate accounts decrease is driven by the aforementioned 2019 presentation of assets and liabilities for variable-indexed annuities change referenced in the Change in aggregate reserves in the Individual Annuities segment. The decrease in Net
        transfers to (from) separate accounts was partially offset by lower policyholder activity.
•
Income tax expense (benefit)
:
There is a federal income tax
        expense due to impacts from hedging gains in the Company's Individual Annuity and Life segments which was partially offset by a tax net operating loss carry back recorded in 2020.
•
Net realized capital gain (loss):
Net realized capital gains
        decreased due to lower gains on derivatives used to economically hedge the Company's product liabilities as a result of less favorable equity markets in the Individual Annuities and Life segments, as well as unfavorable investment results due to
        impairments.
Capital and Surplus
•
Change in unrealized capital gain (loss):
Unrealized capital losses are
        primarily due to negative hedging results on fixed-indexed and variable-indexed annuities in the Individual Annuities segment and the Life segment.
•
Dividends to parent:
Dividends of $750 were paid to
        the parent in 2020.
•
Other change in capital and surplus:
Other change in capital and
        surplus decreased due to
a
fixed-indexed ceded reserve recapture that was completed in 2020, and an increase in AVR that decreased capital and surplus due to the growth of the Company's investment portfolio
Selected Financial Data and Management's Discussion and Analysis
Page 7 of 22
Individual Annuities
Segment Results of Operations
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Income:
Premium and annuity considerations*
$
12,766
9,268
11,969
$
3,498
37.7
%
$
(2,701)
(22.6)
%
Net investment
                income
4,467
4,531
4,551
(64)
(1.4)
(20)
(0.4)
Ceded reinsurance reserve and expense
                adjustments
656
(54)
321
710
1,314.8
(375)
(116.8)
Fees from
                separate accounts
574
567
613
7
1.2
(46)
(7.5)
Other income
(37)
691
(17)
(728)
(105.4)
708
4,164.7
Total income
18,426
15,003
17,437
3,423
22.8
(2,434)
(14.0)
Benefits and other expenses:
Policyholder
                benefits and surrenders
10,584
10,073
10,078
511
5.1
(5)
—
Change in aggregate reserves
2,789
1,474
289
1,315
89.2
1,185
410.0
General and
                administrative and commission
1,756
1,369
1,591
387
28.3
(222)
(14.0)
Net transfers to separate accounts
2,426
1,462
5,258
964
65.9
(3,796)
(72.2)
Total
                benefits and other expenses
17,555
14,378
17,216
3,177
22.1
(2,838)
(16.5)
Pretax income (loss)
871
625
221
246
39.4
404
182.8
Income tax
                expense (benefit)
1,802
18
649
1,784
9,911.1
(631)
(97.2)
Net realized capital gain (loss)
1,519
67
922
1,452
2,167.2
(855)
(92.7)
Net income
                (loss)
$
588
674
494
$
(86)
(12.8)
%
$
180
36.4
%
Capital and Surplus:
Change in
                unrealized capital gain (loss)
$
(125)
(79)
588
$
(46)
(58.2)
%
$
(667)
(113.4)
%
Other change in capital & surplus
2,792
(220)
439
3,012
1,369.1
(659)
(150.1)
Net change in
                capital & surplus
$
3,255
375
1,521
$
2,880
768.0
%
$
(1,146)
(75.3)
%
*Includes premiums and annuity and
                supplementary contract considerations.
Selected Operating Performance Measures
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Individual Annuities
Deposits
$
13,226
9,474
12,135
3,752
39.6
%
(2,661)
(21.9)
%
In-force
141,131
131,228
126,936
9,903
7.5
%
4,292
3.4
%
Deposits and in-force amounts in the table above are for direct and
        assumed business. Deposits reflect amounts collected on both new and renewal business. In-force represents account values of the annuity contracts for our fixed, fixed-indexed, variable, and variable-indexed annuity contracts. In 2021, sales of our
        fixed-indexed annuities were higher than the prior period due to
competitive product features and
        a 2021 sales promotion. Sales of
variable-indexed annuities were higher due to higher sales on the Index Advantage suite of
        products driven by the market environment and a 2021 sales promotion. In 2020, sales of fixed-indexed annuities were lower than the prior year due to impacts of product changes due to the low interest rate environment and social distancing
        constraints. This was partially offset by higher variable-indexed annuity sales for the Index Advantage suite of products driven by the market environment and a 2020 sales promotion.
Selected Financial Data and Management's Discussion and Analysis
Page 8 of 22
Change in Key Market Factors
Our Individual Annuities segment is impacted by various market impacts
        which are summarized below:
Year ended December 31,
% change
2021
2020
2019
2020 - 2019
2019 - 2018
Stock Index
S&P 500
26.89%
16.26%
28.88%
10.63%
(12.62)%
NASDAQ 100
26.63%
47.58%
37.96%
(20.95)%
9.62%
BUDBI
6.35%
9.08%
13.23%
(2.73)%
(4.15)%
BUDBI II
4.60%
6.15%
14.05%
(1.55)%
(7.90)%
As of December 31,
Basis point (bps) change
2021
2020
2019
2020- 2019
2019 - 2018
Interest Rates
Swap rate - 10 year
1.58%
0.93%
1.90%
65bps
(97bps)
Swap rate - 20
                year
1.76%
1.32%
2.07%
44bps
(75bps)
Year Ended December 31, 2021
Compared to
Year Ended
        December 31, 2020
Overview
The Individual Annuities segment net increase in capital and surplus
        was primarily driven by impacts from positive equity markets and impacts from new reinsurance agreements covering certain fixed-indexed annuities. Notably, the Company executed two new reinsurance agreements effective October 1, 2021; a modified
        coinsurance agreement covering approximately
$26 billion of inforce reserves and a coinsurance
        agreement covering approximately $8 billion
of inforce reserves.
Income
•
Premium and annuity considerations
:
Premium and annuity
        considerations increased primarily due to higher fixed-indexed and variable-indexed annuity premium driven by competitive product features and a 2021 sales promotion on both the Allianz Benefit Control
®
and Index Advantage Income
®
products.
•
Net investment income:
Net investment income slightly decreased primarily due to lower investment yields and net investment income ceded as part of the new coinsurance agreement.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments increased primarily due to impacts from the new reinsurance agreements
.
•
Fees from separate accounts
: Fees from separate accounts slightly increased primarily due to higher separate account assets on the traditional variable annuity block of business due to positive equity
        markets, mostly offset by surrenders.
•
Other income:
Other income decreased primarily due to a decrease in derivative income on interest rate swaps that hedge changes in cash flows for variable annuities, primarily driven by
        increasing interest rates.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
: Policyholder benefits and surrenders increased primarily due to an increase in annuitizations on both the fixed and variable annuity lines of business, and increase in surrenders
        on the variable annuity line of business. This was partially offset by a decrease in surrenders on the fixed annuity line of business.
•
Change in aggregate reserves:
Change in aggregate reserves increased primarily due to higher new annuity reserves established due to higher production and an increase in index crediting due to positive equity
        markets, partially offset by variable annuity reserve decreases due to interest rate increases.
•
General and administrative and commission:
General, administrative and commission expense increased primarily due to an increase in commissions expense as a result of higher premium from the sale of both fixed-indexed and
        variable-indexed annuities.
•
Net transfers to separate accounts:
Net transfers to separate accounts is driven by new premium and offset by contractholder withdrawals, and increased due to increased premium from Index Advantage Income® exceeding
        contractholder withdrawals.
Selected Financial Data and Management's Discussion and Analysis
Page 9 of 22
•
Income tax expense (benefit)
: Income tax expense increase is driven by higher federal income tax expense due to gains on new reinsurance transactions and derivatives hedging impacts.
•
Net realized capital gain (loss):
Net realized capital gain increased due to gains on derivatives hedging fixed-indexed annuities, partially offset by losses on derivatives hedging variable-indexed annuity product
        liabilities as a result of an increase in equity markets.
Capital and Surplus
•
Change in unrealized capital gain (loss):
Unrealized capital losses are primarily due to losses on derivatives used to hedge product liabilities on fixed-indexed annuities and variable-indexed annuities.
•
Other change in capital and surplus:
Other change in capital and surplus increased due to the net deferred gain on new reinsurance agreements. Other favorable impacts include a change in deferred income taxes as a
        result of positive hedging impacts offset by a change in AVR that decreased capital and surplus as a result of the growth of our investment portfolio.
Year Ended December 31, 2020 Compared to
Year Ended
        December 31, 2019
Overview
The Individual Annuities segment net change
        in capital and surplus was favorable, but decreased compared to the prior year primarily driven by less favorable equity market movements in 2020 resulting in lower realized hedging gains, unrealized hedging losses, and a recapture of a fixed-index
        reinsurance agreement.
Income
•
Premium and annuity considerations
:
Premium and annuity
        considerations decreased primarily due to lower fixed-indexed annuity sales due to product changes made in response to the continued low interest rate environment and social distancing constraints, and lower traditional variable annuity sales
        driven by product changes. This was partially offset by higher variable-indexed annuity premium driven by a 2020 sales promotion.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments decreased primarily due to impacts from a fixed-indexed ceded reserve recapture that was completed in 2020.
•
Fees from separate accounts
:
Fees from separate accounts
        decreased primarily due to lower average separate account assets as a result of outflows due to policyholder activity and negative equity market impacts in early 2020.
•
Other income:
Other income increased
        primarily due to an increase in derivative income on interest rate swaps that hedge variable annuities and amortization of the deferred hedge liability under SSAP No. 108.
Benefits and Other Expenses
•
Change in aggregate reserves:
Change in aggregate reserves
        increased primarily due to a change in presentation of assets and liabilities relating to the variable-indexed product in 2019. In 2019, the Company transferred assets from the general account the separate account to align with state product filing
        requirements, and the reserve decrease is completely offset in Net transfers to(from) separate accounts.
In addition,
        variable annuity reserves increased in 2020 driven by overall net growth in the variable-index annuity block of business. This was partially offset by the decrease of the fixed-index annuity reserves driven by lower index credits as a result of the
        less favorable equity market increase and lower fixed-indexed annuity premiums due to the decrease in production.
•
General and administrative and commission:
General, administrative and
        commission expense decreased primarily due to a decrease in commissions expense as a result of lower premium as discussed above.
•
Net transfers to separate accounts:
Net transfers to (from) separate accounts decreased driven by the aforementioned presentation of assets and
        liabilities for variable-indexed annuities change referenced in the Change in aggregate reserves. The decrease in Net transfers to (from) separate accounts was partially offset by lower policyholder activity.
•
Income tax expense (benefit)
: Income tax expense is driven by a federal income tax expense in 2020 due to impacts from hedging losses.
•
Net realized capital gain (loss):
Net realized capital gains decreased due to lower gains on derivatives used to economically hedge the Company's
        product liabilities as a result of a lower increase in equity markets, as well as unfavorable investment results due to impairments.
Selected Financial Data and Management's Discussion and Analysis
Page 10 of 22
Capital and Surplus
•
Change in unrealized capital gain (loss):
Unrealized capital losses are primarily due to negative hedging results on fixed-indexed annuities and variable-indexed annuities.
•
Other change in capital and surplus:
Other change in capital and surplus decreased primarily due to a
fixed-indexed ceded reserve recapture that was completed in 2020
.
Life
Segment Results of Operations
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Income:
Premium and annuity considerations
$
1,363
1,115
906
$
248
22.2
%
$
209
23.1
%
Net investment
                income
259
210
177
49
23.3
33
18.6
Ceded reinsurance reserve and expense
                adjustments
(23)
3
2
(26)
(866.7)
1
50.0
Other income
3
2
3
1
50.0
(1)
(33.3)
Total income
1,602
1,330
1,088
272
20.5
242
22.2
Benefits and
                other expenses:
Policyholder benefits and surrenders
194
173
199
21
12.1
(26)
(13.1)
Change in
                aggregate reserves
1,216
824
611
392
47.6
213
34.9
General and administrative and commission
386
343
258
43
12.5
85
32.9
Total
                benefits and other expenses
1,796
1,340
1,068
456
34.0
272
25.5
Pretax income (loss)
(194)
(10)
20
(184)
(1,840.0)
(30)
(150.0)
Income tax
                expense (benefit)
(401)
—
59
(401)
—
(59)
—
Net realized capital gain (loss)
337
77
131
260
337.7
(54)
(41.2)
Net income
                (loss)
$
544
67
92
$
477
711.9
%
$
(25)
(27.2)
%
Capital and Surplus:
Change in
                unrealized capital gain (loss)
$
(9)
23
130
$
(32)
(139.1)
%
$
(107)
(82.3)
%
Other change in capital & surplus
1
(4)
4
5
125.0
(8)
(200.0)
Net change in
                capital & surplus
$
536
86
226
$
450
523.3
%
$
(140)
(61.9)
%
*Not meaningful
Selected Operating Performance Measures
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Life
First year
                and renewal premiums
$
1,426
1,170
960
$
256
21.9
%
$
210
21.9
%
In-force
62,372
50,485
42,700
11,887
23.5
7,785
18.2
First year and renewal premiums and in-force amounts in the table
        above are for direct and assumed business. In-force amounts represent life insurance in-force on our FIUL business and certain universal life, and term life business. The continued increase in first year and renewal premiums in 2021, 2020 and 2019
        is a result of continued product enhancements and overall strong product proposition. The movement of in-force, year over year, is primarily driven by policyholder activity. Increases are driven by new business, and decreases are driven by
        policyholder charges, surrenders, and claims.
Selected Financial Data and Management's Discussion and Analysis
Page 11 of 22
Year Ended December 31, 2021
Compared to
Year Ended
        December 31, 2020
Overview
The Life segment net change in capital and surplus increased primarily
        due to impacts from positive equity markets, and an increase in policy charges and net investment income as a result of a growing and maturing block of business. This was partially offset by an increase in change in aggregate reserves and
        commissions expense which trends in line with the growing block of business.
Income
•
Premium and annuity considerations
:
Premiums and annuity
        considerations increased as a result of an increase in first year and renewal premiums
on Life Pro Plus Advantage
®
due to a
        growing block of business.
•
Net investment income:
Net investment income increased primarily due to an increase in Life average invested assets.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments decreased as a result of ceded modified coinsurance reserves on certain Life products.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
: Policyholder benefits and surrenders increased primarily due to an increase in death claims and surrender activity.
•
Change in aggregate reserves:
Change in aggregate reserves increased due to higher premiums and higher index credits as a result of the positive equity market performance in 2021
.
•
General and administrative and commission:
General and administrative and commission expense increased primarily due to an increase in first year and renewal commissions which is consistent with premium production.
•
Income tax expense (benefit)
:
Income tax expense (benefit) is driven by the pre-tax items discussed above, and is allocated to operating segments based the the total
        Company's effective rate.
•
Net realized capital gain (loss):
Net realized capital gain increased due to the higher gains on derivatives used to hedge Life product liabilities as a result of positive equity markets in 2021.
Capital and Surplus
•
Change in unrealized capital gain (loss):
Change in unrealized capital losses increased due to an increase in losses on derivatives hedging the Life product liabilities.
•
Other change in capital and surplus:
Other change in capital and surplus has a limited impact on the Life Segment.
Year Ended December 31, 2020 Compared to Year Ended December 31, 2019
Overview
The Life segment net change in capital and
        surplus was favorable, but decreased compared to prior year primarily due to less favorable hedging impacts as a result of the negative equity market performance in early 2020. This was partially offset by an increase in policy charges as a result
        of a growing block of business and a lower income tax expense in 2020.
Income
•
Premium and annuity considerations
: Premiums and annuity considerations increased as a result of an increase in first year and renewal premiums as a result of a growing block of business.
•
Net investment income:
Net investment income
        increased primarily due to an increase in Life average invested assets.
•
Ceded reinsurance reserve and expense adjustments:
Ceded reinsurance reserve and expense adjustments increased as a result of prior year changes in ceded modified coinsurance reserves on
        certain Life products, with minimal changes in the current year.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
:
Policyholder benefits and
        surrenders decreased primarily due to policyholder surrender activity and partially offset by an increase in death claims.
Selected Financial Data and Management's Discussion and Analysis
Page 12 of 22
•
Change in aggregate reserves:
Change in aggregate reserves
        increased due to higher premiums and an increase in policy charges as a result of a growing block of business and higher index credit levels as a result of the positive equity market performance after the first quarter of 2020
•
General and administrative and commission:
General and administrative and
        commission expense increased primarily due to an increase in first year and renewal commissions which is consistent with premium production.
•
Income tax expense (benefit)
:
Income tax expense (benefit)
        is driven by a pre-tax items discussed above, and a minimal effective federal tax rate.
•
Net
        realized capital gain (loss):
Net realized capital gain decreased due to lower hedging gains as a
        result of negative equity market performance in early 2020.
Capital and Surplus
•
Change in unrealized capital gain (loss):
Change in unrealized capital
        gain is due to a lower hedging gains as a result of negative equity markets in early 2020.
•
Other change in capital and surplus:
Other change in capital and surplus decreased as a result of change in net deferred income taxes as result of
        hedging impacts.
Legacy
Segment Results of Operations
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Income:
Premium and annuity considerations
$
162
158
154
$
4
2.5
%
$
4
2.6
%
Net investment
                income
140
123
110
17
13.8
13
11.8
Ceded reinsurance reserve and expense
                adjustments
6
6
7
—
—
(1)
(14.3)
Other income
2
2
2
—
—
—
—
Total income
310
289
273
21
7.3
16
5.9
Benefits and
                other expenses:
Policyholder benefits and surrenders
98
97
91
1
1.0
6
6.6
Change in
                aggregate reserves
311
167
134
144
86.2
33
24.6
General and administrative and commission
52
27
29
25
92.6
(2)
(6.9)
Net transfers to
                separate accounts
(2)
(2)
(3)
—
—
1
33.3
Total benefits and other expenses
459
289
251
170
58.8
38
15.1
Pretax income
                (loss)
(149)
—
22
(149)
NM*
(22)
(100.0)
Income tax expense (benefit)
(310)
—
65
(310)
NM*
(65)
(100.0)
Net realized
                capital gain (loss)
—
(2)
—
2
100.0
%
(2)
NM*
Net income (loss)
$
161
(2)
(43)
$
163
8,150.0
%
$
41
95.3
%
Capital and Surplus:
Change in unrealized capital gain (loss)
$
(8)
(5)
1
$
(3)
(60.0)
%
$
(6)
(600.0)
%
Other change in
                capital & surplus
1
2
(2)
(1)
(50.0)
4
200.0
Net change in capital & surplus
$
154
(5)
(44)
$
159
3,180.0
%
$
39
88.6
%
*Not meaningful
Selected Financial Data and Management's Discussion and Analysis
Page 13 of 22
Selected Operating Performance Measures
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Legacy Products
Gross premiums written
$
258
257
254
$
1
0.4
%
$
3
1.2
%
In-force
2,611
2,796
2,993
(185)
(6.6)
(197)
(6.6)
Gross premium written in the table above are for direct and assumed
        business. Gross premiums written reflect premiums collected on renewal business. There are no new premiums as these are closed blocks of business. Gross premiums written remained relatively consistent in 2021 and 2020 with small movements due to
        assumed premium and policy restatements which occur in the run off of Legacy products. In-force amounts represent gross life insurance within our Special Markets products. The continued decline in in-force volume is attributable to the Legacy
        segment being a closed block of business.
Year Ended December 31, 2021
Compared to
Year Ended
        December 31, 2020
Overview
The Legacy segment favorable change in capital and surplus was driven
        increases in reserves that were more than offset by a tax benefit.
Income
•
Net investment income:
Net investment income increased driven by growth in LTC reserves on the aging block of business.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
: Policyholder benefits and surrenders increased driven by higher paid claims on the LTC block business.
•
Change in aggregate reserves:
Change in aggregate reserves increased driven by additional LTC premium deficiency reserves in 2021 and unfavorable impacts of higher claim reserve and active life reserves.
•
Income tax expense (benefit)
:
Income tax expense (benefit) is driven by the pre-tax items discussed above, and is allocated to operating segments based the the total
        Company's effective rate.
Capital and Surplus
•
Change in unrealized capital gain (losses):
Change in unrealized capital losses increased driven
by unrealized losses on Credit Default Swaps.
Year Ended December 31, 2020 Compared to Year Ended December 31, 2019
Overview
The Legacy segment unfavorable pre-tax income
        was driven by higher reserves driven by the 2020 impacts of additional LTC premium deficiency reserves partially offset by favorable change in net LTC claim reserves.
Income
•
Net investment income:
Net investment income increase driven by the growth in LTC reserves on the aging block of business.
Benefits and Other Expenses
•
Policyholder benefits and surrenders
:
Policyholder benefits and
        surrenders increased driven by higher paid claims on the LTC block of business.
•
Change in aggregate reserves:
Change in aggregate reserves increased driven by the unfavorable impact due to the additional premium deficiency
        reserve in 2020 and unfavorable impact of higher change in active life reserves. This was partially offset by the favorable impact of net change in claims reserves.
•
Income tax expense (benefit)
:
Income tax expense (benefit)
        is driven by a pre-tax items discussed above, and a minimal effective federal tax rate.
Selected Financial Data and Management's Discussion and Analysis
Page 14 of 22
Dividends
Year ended December 31,
Increase
                (decrease) and % change
Increase
                (decrease) and % change
2021
2020
2019
2021 - 2020
2020 - 2019
Capital and Surplus:
Dividends to parent
$
(900)
(750)
(325)
$
(150)
120.0
%
$
(425)
(230.8)
%
We are required to meet minimum statutory capital and surplus
        requirements. Our statutory capital and surplus as of December 31, 2021 and 2020, were in compliance with these requirements. The maximum amount of ordinary dividends that can be paid by Minnesota insurance companies to the stockholder without
        prior approval of the Department is subject to restrictions relating to statutory earned surplus, also known as unassigned funds. Unassigned funds are determined in accordance with the accounting procedures and practices governing preparation of
        the statutory annual statement. In accordance with Minnesota Statutes, the Company may declare and pay from its Unassigned surplus cash dividends of not more than the greater of 10% of its prior year-end statutory surplus, or the net gain from
        operations of the insurer, not including realized gains, for the 12-month period ending the 31st day of the next preceding year. Based on these limitations, ordinary dividends of $1,070 can be paid in 2022 without prior approval of the Commissioner
        of Commerce.
Financial Condition
Investment Strategy
Our investment strategy focuses on
        diversification by asset class. We seek to achieve economic diversification, while reducing overall credit and liquidity risks. We attempt to mitigate these credit and liquidity risks by adhering to investment policies that provide portfolio
        diversification on an asset class, creditor, and industry basis, and by complying with investment limitations governed by state insurance laws and regulations, as applicable. We also consider all relevant objective information available in
        estimating the cash flows related to structured securities. We actively monitor and manage exposures, and determine whether any securities are impaired. The aggregate credit risk taken in the investment portfolio is influenced by our risk/return
        preferences, the economic and credit environment, and the ability to manage this risk through liability portfolio management. We also have an asset-liability management strategy to align cash flows and duration of the investment portfolio with
        contractholder liability cash flows and duration.
The following table presents the investment portfolio at December 31:
2021
2020
Carrying value
% of total
Carrying value
% of total
Bonds
$
93,817
76.4
%
$
99,088
79.1
%
Stocks
303
0.2
274
0.2
Investment in
                subsidiaries
1,477
1.2
1,329
1.1
Mortgage loans on real
                estate
17,154
14.0
15,634
12.5
Real estate
80
0.1
69
0.1
Cash and cash
                equivalents
3,215
2.6
910
0.7
Policy loans
267
0.2
255
0.2
Derivative assets
2,682
2.2
4,114
3.3
Other invested assets
3,834
3.1
3,556
2.8
Total cash and
                invested assets
$
122,829
100.0
%
$
125,229
100.0
%
Bonds
Refer to Note 5 of the audited Statutory Financial Statements for
        information regarding the nature of our portfolio of bonds securities. The tables below set forth the amortized cost of the NAIC Securities Valuation Office quality ratings for the Company's bond securities portfolio at December 31, 2021 and 2020.
Selected Financial Data and Management's Discussion and Analysis
Page 15 of 22
2021
NAIC Classes
Fair Value
% of Total
Amortized Cost
% of Total
1
$
57,937
55.5
%
$
52,287
55.7
%
2
43,792
41.9
39,053
41.7
Investment
                grade
101,729
97.4
91,340
97.4
3
2,470
2.4
2,242
2.4
4
187
0.2
208
0.2
5
1
—
1
—
6
26
—
26
—
Below
                investment grade
2,684
2.6
2,477
2.6
Total
$
104,413
100.0
%
$
93,817
100.0
%
2020
NAIC Classes
Fair Value
% of Total
Amortized Cost
% of Total
1
64,466
55.7
%
$
55,379
55.9
%
2
47,679
41.2
$
40,472
40.9
Investment
                grade
112,145
96.9
$
95,851
96.8
3
3,323
2.9
$
2,982
3.0
4
221
0.2
$
232
0.2
5
18
—
$
20
—
6
3
—
$
3
—
Below
                investment grade
3,565
3.1
$
3,237
3.2
Total
$
115,710
100.0
%
$
99,088
100.0
%
Sub-prime and Alt-A Mortgage Exposure
Sub-prime lending is the origination of loans to customers with weaker credit profiles. Due to the high
        quality of our mortgage-backed securities, and the lack of sub-prime loans in the securities, we do not have a material exposure to sub-prime or Alt-A mortgages in those holdings. Alt-A loans are defined as any security backed by residential
        mortgage collateral which is not clearly identifiable as prime or sub-prime.
Commercial Mortgage-backed, Asset-backed, and
        Residential Mortgage-backed Securities
Commercial mortgage-backed securities (CMBS) represent pools of
        commercial mortgages that are broadly diversified across property types and geographical areas. The following table summarizes our exposure to CMBS holdings by NAIC classes and vintage year as of December 31:
2021
NAIC Classes
% of total CMBS
Vintage
1
$
9,725
100.0
%
2021
$
597
6.1
%
2
1
—
2020
365
3.8
3
3
—
2019
1,426
14.7
4
—
—
2018
1,405
14.4
5
—
—
2017 and prior
5,936
61.0
6
—
—
$
9,729
100.0
%
$
9,729
100.0
%
Selected Financial Data and Management's Discussion and Analysis
Page 16 of 22
2020
NAIC Classes
% of total CMBS
Vintage
1
$
11,234
99.5
%
2020
$
335
3.0
%
2
1
—
2019
1,607
14.2
3
47
0.4
2018
1,845
16.3
4
15
0.1
2017
1,627
14.4
5
—
—
2016 and prior
5,883
52.1
6
—
—
$
11,297
100.0
%
$
11,297
100.0
%
Asset backed security (ABS) holdings consist primarily of aircraft
        leases, credit card receivables and other asset-backed securities that meet specific criteria, such as credit quality, insurance requirements, or limits on these types of investments.
The following table summarizes our exposure to other ABS holdings by
        NAIC classes and vintage year as of December 31:
2021
NAIC Classes
% of total other
                ABS
Vintage
1
$
4,823
74.0
%
2021
$
3,600
55.3
%
2
1,470
22.6
2020
610
9.4
3
74
1.1
2019
583
8.8
4
147
2.3
2018
903
13.9
5
—
—
2017 and prior
818
12.6
6
—
—
$
6,514
100.0
%
$
6,514
100.0
%
2020
NAIC Classes
% of total other
                ABS
Vintage
1
$
2,883
70.6
%
2020
$
758
18.6
%
2
976
23.9
2019
1,264
30.9
3
74
1.8
2018
1,094
26.8
4
134
3.3
2017
302
7.4
5
18
0.4
2016 and prior
667
16.3
6
—
—
$
4,085
100.0
%
$
4,085
100.0
%
Non-agency residential mortgage-backed securities (NA RMBS) are backed by pools of
        residential mortgage loans made to non-prime borrowers, diversified across geographies.
The following table summarizes our exposure to NA RMBS holdings by
        NAIC classes and vintage year as of December 31:
2021
NAIC Classes
% of total NA RMBS
Vintage
1
$
206
96.3
%
2021
$
—
—
%
2
—
—
2020
—
—
3
2
0.9
2019
—
—
4
3
1.4
2018
—
—
5
—
—
2017 and prior
214
100.0
6
3
1.4
$
214
100.0
%
$
214
100.0
%
Selected Financial Data and Management's Discussion and Analysis
Page 17 of 22
2020
NAIC Classes
% of total NA RMBS
Vintage
1
$
222
95.3
%
2020
$
—
—
%
2
$
—
—
2019
$
—
—
3
$
4
1.7
2018
$
—
—
4
$
4
1.7
2017
$
—
—
5
$
—
—
2016 and prior
$
233
100.0
6
$
3
1.3
$
233
100.0
%
$
233
100.0
%
Unrealized investment losses of bonds, for investment grade (NAIC
        classes 1-2) and below investment grade (NAIC classes 3-6) securities by duration are as follows at December 31:
2021
Investment Grade
% of Total
Below Investment
                Grade
% of Total
Twelve months or less
                below carrying value
$
239
66.1
%
$
21
5.9
%
More than twelve months
                below carrying value
79
21.9
22
6.1
Total
$
318
88.0
%
$
43
12.0
%
2020
Investment Grade
% of Total
Below Investment
                Grade
% of Total
Twelve months or less
                below carrying value
$
66
58.8
%
$
31
27.6
%
More than twelve months
                below carrying value
10
9.3
5
4.3
Total
$
76
68.1
%
$
36
31.9
%
See Note 5 of the audited Statutory Financial Statements for
        additional disclosures in regards to unrealized investment losses of bonds.
Other-than-temporary impairments, by market sector, for impairments
        included in the Statutory Statements of Operations, were as follows at December 31:
2021
2020
Impairment
No. of Securities
Impairment
No. of Securities
Partnerships
$
6
2
$
1
1
Commercial mortgage
                loans
8
1
34
1
Corporate securities
13
8
254
83
Total
$
27
11
$
289
85
Refer to Note 6 of the audited Statutory Financial Statements for
        information regarding the fair value and fair value hierarchy level of our financial instruments.
Mortgage Loans on Real Estate
See Note 5 of the audited Statutory Financial Statements and Schedules
        for information regarding Mortgage Loans on Real Estate.
Loan-to-value (LTV) and debt service coverage (DSC) ratios are common
        measurements used to assess the risk and quality of mortgage loans. The LTV ratio, calculated at the time of origination, is the percentage of the loan amount relative to the value of the underlying property. The DSC ratio, based upon the most
        recently received financial statements from the debtor, is calculated as the amount of the property's net income divided by the debt service payments.
See Note 5 of the audited Statutory Financial Statements for
        additional information relating to LTV and DSC ratios.
Selected Financial Data and Management's Discussion and Analysis
Page 18 of 22
Properties collateralizing mortgage loans are geographically dispersed
        throughout the United States as follows at December 31:
2021
2020
Gross Carry Value
% of Total
Gross Carry Value
% of Total
Commerical Mortgage
                Loans by region
East North
                Central
$
1,442
9.2
%
$
1,244
8.4
%
East South
                Central
399
2.5
375
2.5
Middle
                Atlantic
1,352
8.6
1,249
8.4
Mountain
1,539
9.8
1,506
10.1
New England
678
4.3
652
4.4
Pacific
4,493
28.5
4,258
28.6
South
                Atlantic
3,520
22.4
3,599
24.2
West North
                Central
887
5.6
674
4.5
West South
                Central
1,438
9.1
1,314
8.8
Total
                commercial mortgage loans
$
15,748
100.0
%
$
14,871
100.0
%
2021
2020
Gross Carry Value
% of Total
Gross Carry Value
% of Total
Residential Mortgage
                Loans by region
East North
                Central
$
80
5.7
%
$
21
2.8
%
East South
                Central
27
1.9
8
1.0
Middle
                Atlantic
233
16.6
91
11.9
Mountain
176
12.5
76
10.0
New England
68
4.8
15
2.0
Pacific
543
38.6
394
51.6
South
                Atlantic
211
15.0
125
16.4
West North
                Central
12
0.8
9
1.2
West South
                Central
55
3.9
24
3.1
Total
                residential mortgage loans
$
1,406
100.0
%
$
763
100.0
%
Properties collateralizing commercial mortgage loans are diversified
        by property type are as follows at December 31:
2021
2020
Gross Carry Value
% of Total
Gross Carry Value
% of Total
Mortgage loans by
                property type
Industrial
$
2,985
19.0
%
$
3,182
21.4
%
Retail
2,549
16.2
2,765
18.6
Office
4,927
31.3
4,771
32.1
Apartments
5,287
33.5
4,153
27.9
Total
$
15,748
100.0
%
$
14,871
100.0
%
Liquidity and Capital Resources
Overview
The Company's liquidity requirements are generally met through funds
        provided by investment income, receipt of insurance premiums, M&E fees and benefit rider income, maturities and sales of investments, reinsurance recoveries, and capital contributions from Allianz SE, as needed.
The Company has access to funding through securities lending under
        which the Company lends bonds and receives cash collateral and short term securities in an amount in excess of the fair value of the securities loaned.
The Company is a member of the Federal Home Loan Bank (FHLB) of Des
        Moines, which provides access to collateralized borrowings.  Funding from the FHLB is collateralized with bonds from the Company's general account investment portfolio.
Selected Financial Data and Management's Discussion and Analysis
Page 19 of 22
Reinsurance may play a key role in funding the Company's continued
        growth, and may be utilized for any product for which there is significant uncertainty related to future claims experience. Moreover, the Company is generally risk adverse for its smaller lines of business, and predictability of future
        profitability takes precedence over retaining a large percentage of risk.
The Company does not utilize the capital markets as a source of
        capital. Should the need for capital arise, the Company may obtain capital contributions from Allianz SE as an alternative source of funding. If capital infusions are deemed necessary, the Company obtains prior approval by the Department, as
        appropriate.
The primary uses of funds are policy benefits, commissions, other
        product-related acquisition costs, investment purchases, operating expenses, and dividends to AZOA. The Company routinely reviews its sources and uses of funds in order to meet its ongoing obligations.
Financial Ratings and Strength
•
Standard & Poor's    AA (Very Strong)
•
Moody's        A1 (Good)
•
AM Best        A+ (Superior)
Financial strength ratings are based upon an independent review of the
        Company, its ultimate parent (Allianz SE), subsidiaries, and the industry in which the Company operates. Each rating agency assigns ratings based on an independent review and takes into account a variety of factors to arrive at its final rating.
        Ratings are subject to change and there can be no assurance that the ratings afforded to the Company in the future will be consistent with historical ratings.
Cash Flows
The following table sets forth information from our Statutory
        Statements of Cash Flows for the years ended December 31:
2021
2020
2019
Net cash (used in)
                provided by operating activities
$
(4,241)
3,701
1,511
Net cash provided by (used in) investing
                activities
5,538
(3,240)
955
Net cash provided by
                (used in) financing and miscellaneous activities
1,008
(1,419)
(1,524)
Net change in cash, cash equivalents,
                and short-term investments
$
2,305
(958)
942
We have the funds necessary to meet the capital requirements of all
        states in which we do business, and to support our operations.
The increase in net cash used in operating activities in 2021 as compared to 2020 is
        primarily due to an increase in benefits and loss-related payments as a result of ceded coinsurance reserves, and higher transfers to separate accounts due to higher variable-indexed premium
.
These impacts were partially offset by an increase in premiums, higher commissions and expenses allowances on reinsurance ceded, and continued growth in investment income due to
        higher invested assets driven by positive cash flows. The increase in net cash provided by operating activities in 2020 as compared to 2019 is primarily due to lower net transfers to separate accounts in 2020 compared to 2019, as a result of the
        one-time transfer in 2019 mentioned below. The decrease was offset by an increase in variable-indexed premiums due to a 2020 sales promotion.
The increase in net cash provided by investing activities in 2021 as
        compared to 2020 is driven by higher net bonds sales as a result of ceded coinsurance assets, and an increase in proceeds from hedging results driven by market impacts, partially offset by net mortgage loans and other investment assets purchased.
        The decrease in the net cash provided by investing activities in 2020 compared to 2019 was driven by transfers of assets from the separate account in 2019 and lower proceeds from hedging results driven by market impacts.
The increase in net cash provided by financing and miscellaneous
        activities in 2021 compared to 2020 is primarily driven by ceding commission on new reinsurance agreements, partially offset by an increase in dividends paid to AZOA in 2021.
The decrease in net cash used in financing and miscellaneous activities in 2020 compared to 2019 was due to net
        decrease in securities lending payables, partially offset by an increase in dividends to AZOA in 2020.
Risk-Based Capital
Selected Financial Data and Management's Discussion and Analysis
Page 20 of 22
See Note 17 of the audited Statutory Financial Statements for
        information regarding the Risk-Based Capital (RBC). The Company's RBC ratio significantly exceeds required minimum thresholds as of December 31, 2021 and 2020.
Commitments & Contingencies
The Company has guarantees to provide for the maintenance of certain
        subsidiary's regulatory capital and surplus levels and has limited partnerships and private placement investments that require a commitment of capital. See Note 21 of the audited Statutory Financial Statements for information regarding commitments
        and contingencies.
The Company has mortgage notes payable, see Note 7 of the audited
        Statutory Financial Statements for additional information.
The Company has contractual obligations in the form of Policyholder
        liabilities, see Notes 12 through 14 of the audited Statutory Financial Statements for additional information regarding our annuity and life actuarial reserves, deposit liabilities, and separate accounts.
Off-Balance Sheet Arrangements
The Company does not have any off-balance sheet transactions,
        arrangements or other relationships that management believes would be reasonably likely to have a material effect on the Company's liquidity or the requirements for capital resources.
The Company utilizes exchange-traded futures to economically hedge
        certain product liabilities. Under this kind of transaction, the Company agrees to purchase a specified number of contracts and settles the variation margin with the counterparty on a daily basis in an amount equal to the change in the market value
        of the underlying contracts from the close of the previous trading day. The parties with whom the Company enters into the exchange-traded futures contracts are regulated futures commission's merchants who are members of a trading exchange.
The Company is exposed to credit-related losses in the event of
        non-performance by counterparties under the terms of the futures contracts. The Company minimizes counterparty credit risk by establishing relationships only with counterparties rated BBB+ and higher. Given the credit ratings of the counterparties
        with which the Company transacts, the Company does not expect any counterparties to fail to meet their obligations. The Company has also executed Credit Support Annex (CSA) agreements with all active counterparties and requires a CSA from all new
        counterparties added to the Company's counterparty pool. The CSA agreements further limit the Company's counterparty credit risk by requiring the counterparty to post collateral to a segregated custodial account based on the net exposure to the
        Company.
As the Company's futures transactions are executed through a regulated
        exchange, positions are marked-to-market and settled on a daily basis, and collateral is posted prior to execution of a transaction. The Company has minimal exposure to credit-related losses in the event of non-performance. The Company is required
        to post collateral for any futures, options and swap contracts that are executed. The amount of collateral required is determined by the exchange on which the contract is traded. Refer to Note 5 in the audited Statutory Financial Statements for
        additional information regarding derivative collateral posted.
Selected Financial Data and Management's Discussion and Analysis
Page 21 of 22
Item 11(j).
Quantitative and Qualitative Disclosures about Market Risk
Market risk is the risk of the loss of fair value resulting from
        adverse changes in market rates and prices, such as interest rates and equity prices. Market risk is directly influenced by the volatility and liquidity in the markets in which the related underlying financial instruments are traded. Refer to Note
        4 of the audited Statutory Financial Statements for additional details on how we mitigate our market exposure risk and our overall risk management practices.
Sensitivity Analysis
To assess the impact of changes in interest rate and equity markets,
        we perform sensitivity tests. Sensitivity tests measure the instantaneous impact of a single hypothetical interest rate or equity price change on our income, or fair value of an asset or liability, while holding all other rates or prices constant.
        To assess interest rate risk, we perform a sensitivity test which instantaneously shocks interest rates across all maturities by a hypothetical 50 bps. To assess equity risk, we perform a sensitivity test which instantaneously shocks all equity
        prices by a hypothetical 15%.
Interest Rate Risk
One means of assessing exposure to interest rate changes is to measure
        the potential change in the statutory value of an asset due to a hypothetical change in interest rates of 50 bps across all maturities. We noted that under this model, with all other factors remaining constant, a 50 bps increase in interest rates
        would cause our post-tax income to increase by $7 as of December 31, 2021.
We also examined the impact on post-tax income due to a hypothetical
        decrease in interest rates of 50 bps across all maturities. Under this model, with all other factors being constant, we estimated that such a decline would cause our post-tax income to decrease by $48 as of December 31, 2021. Note that the impacts
        referenced reflect the net of economic hedge impact and does not include economic impact related to our fixed-income investment portfolio or economic changes in reserve calculations.
Equity Market Risk
One means of assessing exposure to changes in equity market prices is
        to estimate the potential changes in post-tax income from a hypothetical change in equity market prices of 15%. Under this model, with all other factors constant, we estimated that a decrease in equity market prices would cause our post-tax income
        to decrease by $401, while an increase in equity market prices would cause our post-tax income to increase by $150 based on our equity exposure as of December 31, 2021. Note that the impacts referenced reflect the net of economic hedge impact and
        does not include economic impact related to our fixed-income investment portfolio or economic changes in reserve calculations.
Selected Financial Data and Management's Discussion and Analysis
Page 22 of 22
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Financial Statements
December 31, 2021 and 2020
(With Report of Independent Auditors Thereon)
Report of Independent Auditors
To the Board of Directors of Allianz Life Insurance Company of North America
Opinions
We have audited the accompanying statutory financial statements of Allianz Life Insurance Company of North America (the
        "Company"), which comprise the statutory statements of admitted assets, liabilities, and capital and surplus as of December 31, 2021 and 2020, and the related statutory statements of operations, of capital and surplus, and of cash flow for each of
        the three years in the period ended December 31, 2021, including the related notes (collectively referred to as the "financial statements").
Unmodified Opinion on Statutory Basis of Accounting
In our opinion, the accompanying financial statements present fairly, in all material respects, the admitted assets, liabilities
        and capital and surplus of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2021, in accordance with the accounting practices prescribed
        or permitted by the Minnesota Department of Commerce Insurance Division described in Note 2.
Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted
        Accounting Principles section of our report, the accompanying financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company as of
        December 31, 2021 and 2020, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2021.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our
        responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical
        responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles
As described in Note 2 to the financial statements, the financial statements are prepared by the Company on the basis of the
        accounting practices prescribed or permitted by the Minnesota Department of Commerce Insurance Division, which is a basis of accounting other than accounting principles generally accepted in the United States of America.
The effects on the financial statements of the variances between the statutory basis of accounting described in Note 2 and
        accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting
        practices prescribed or permitted by the Minnesota Department of Commerce Insurance Division. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of
        financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in
        the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the financial statements are available to be issued.
1 of 67
Auditors' Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
        misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in
        accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
        intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a
        reasonable user based on the financial statements.
In performing an audit in accordance with US GAAS, we:
a.
Exercise professional judgment and maintain professional skepticism throughout the audit.
b.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures
        responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
c.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the
        purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
d.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the
        overall presentation of the financial statements.
e.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to
        continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of
        the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
/s/PricewaterhouseCoopers LLP
Minneapolis, Minnesota
April 4, 2022
2 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus
December 31, 2021 and 2020
(Dollars in millions, except share data)
Admitted Assets
2021
2020
Cash and invested
                assets:
Bonds
$
93,817
99,088
Stocks
303
274
Investment
                in subsidiaries
1,477
1,329
Mortgage
                loans on real estate
17,154
15,634
Real estate
80
69
Cash, cash
                equivalents and short-term investments
3,215
910
Policy loans
267
255
Derivative
                assets
2,682
4,114
Other
                invested assets
3,834
3,556
Total cash and
                invested assets
122,829
125,229
Investment income due
                and accrued
947
1,040
Current federal and
                foreign income tax recoverable
—
200
Deferred tax asset, net
487
273
Other assets
993
745
Admitted
                assets, exclusive of separate account assets
125,256
127,487
Separate account assets
48,279
45,901
Total admitted
                assets
$
173,535
173,388
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ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus
December 31, 2021 and 2020
(Dollars in millions, except share data)
Liabilities and Capital and Surplus
2021
2020
Policyholder
                liabilities:
Life
                policies and annuity contracts
$
96,980
102,549
Accident and
                health policies
2,227
1,912
Deposit-type
                contracts
4,577
4,749
Life policy
                and contract claims
8
8
Accident and
                health policy and contract claims
19
18
Other
                policyholder funds
122
117
Total
                policyholder liabilities
103,933
109,353
Interest maintenance
                reserve
267
18
General expenses due and
                accrued
245
157
Due from separate
                accounts
(635)
(294)
Current income taxes
                payable
482
35
Borrowed money
2,001
1,501
Asset valuation reserve
1,148
983
Derivative liabilities
2,023
3,262
Other liabilities
5,087
4,811
Liabilities,
                exclusive of separate account liabilities
114,551
119,826
Separate account
                liabilities
48,279
45,901
Total
                liabilities
162,830
165,727
Capital and surplus:
Class A,
                Series A preferred stock, $1 par value. Authorized, issued, and outstanding, 8,909,195 shares; liquidation preference of $4 and $3 at December 31, 2021 and 2020, respectively
9
9
Class A, Series B preferred stock, $1
                par value. Authorized, 10,000,000 shares; issued and outstanding, 9,994,289 shares; liquidation preference of $5 and $4 at December 31, 2021 and 2020, respectively
10
10
Common
                stock, $1 par value. Authorized, 40,000,000 shares; issued and outstanding, 20,000,001 shares at December 31, 2021 and 2020, respectively
20
20
Additional paid-in capital
3,676
3,676
Special
                surplus funds
(1,437)
(1,844)
Unassigned
                surplus
8,427
5,790
Total capital
                and surplus
10,705
7,661
Total
                liabilities and capital and surplus
$
173,535
173,388
See accompanying notes
                to statutory financial statements.
4 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Statements of Operations
Years ended December 31, 2021, 2020, and 2019
(Dollars in millions)
2021
2020
2019
Income:
Premiums and
                annuity considerations
$
14,125
10,346
12,805
Consideration
                for supplementary contracts
166
196
224
Net
                investment income
4,866
4,864
4,839
Commissions
                and expense allowances on reinsurance ceded
1,093
(38)
338
Reserve
                adjustments related to reinsurance ceded
(454)
(7)
(9)
Fees from
                separate accounts
574
567
613
Other
(32)
694
(13)
Total income
20,338
16,622
18,797
Benefits and other
                expenses:
Policyholder
                benefits
2,076
1,926
1,809
Surrenders
8,800
8,417
8,559
Change in
                aggregate reserves and deposit funds
4,316
2,465
1,034
Commissions
                and other agent compensation
1,480
1,139
1,284
General and
                administrative expenses
715
600
594
Net
                transfers to separate accounts
2,424
1,460
5,254
Total benefits
                and other expenses
19,811
16,007
18,534
Income from operations before federal income taxes and net realized capital gain
527
615
263
Income tax expense
1,091
18
773
Net (loss)
                income from operations before net realized capital gain
(564)
597
(510)
Net realized
                capital gain, net of taxes and interest maintenance reserve
1,856
142
1,053
Net income
$
1,292
739
543
See accompanying notes
                to statutory financial statements.
5 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Statements of Capital and Surplus
Years ended December 31, 2021, 2020, and 2019
(Dollars in millions)
2021
2020
2019
Capital and
                surplus at beginning of year
$
7,661
7,954
6,576
Change due
                to correction of accounting error (Note 3)
40
—
—
Change in
                reserve on account of change in valuation basis (Note 3)
—
(1)
—
Adjusted
                balance at beginning of year
7,701
7,953
6,576
Net income
1,292
739
543
Change in
                unrealized capital (loss) gain
(142)
(61)
719
Change in
                net deferred income tax
215
42
330
Change in
                asset valuation reserve
(165)
(88)
(131)
Dividends
                paid to parent
(900)
(750)
(325)
Change in
                unamortized gain on reinsurance transactions
2,737
(162)
248
Other
                changes in capital and surplus
(33)
(12)
(6)
Capital and
                surplus at end of year
$
10,705
7,661
7,954
See accompanying notes
                to statutory financial statements.
6 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Statutory Statements of Cash Flow
Years ended December 31, 2021, 2020, and 2019
(Dollars in millions)
2021
2020
2019
Cash flow from operating
                activities:
Revenues:
Premiums and
                annuity considerations, net
$
14,291
10,543
13,030
Net
                investment income
5,069
4,990
5,000
Commissions
                and expense allowances on reinsurance ceded
385
36
86
Fees from
                separate accounts
574
567
613
Other
256
217
71
Cash provided by
                operating activities
20,575
16,353
18,800
Benefits and
                expenses paid:
Benefit and
                loss-related payments
19,238
9,513
9,469
Net transfers
                to separate accounts
2,766
1,128
5,534
Commissions,
                expenses paid, and aggregate write-ins for deductions
2,119
1,727
1,881
Income tax
                paid, net
709
290
338
Other
(16)
(6)
67
Cash used in
                operating activities
24,816
12,652
17,289
Net cash (used
                in) provided by operating activities
(4,241)
3,701
1,511
Cash flow from investing
                activities:
Proceeds from
                investments sold, matured or repaid:
Bonds
30,622
8,935
15,892
Stocks
282
147
113
Mortgage
                loans
1,806
1,024
1,356
Real estate
3
—
—
Other
                invested assets
81
60
32
Derivatives
1,213
861
1,429
Miscellaneous
                proceeds
35
2
1,572
Cash provided by
                investing activities
34,042
11,029
20,394
Cost of
                investments acquired:
Bonds
24,350
10,885
15,976
Stocks
292
230
145
Mortgage
                loans
3,347
2,482
2,283
Real estate
17
10
11
Other
                invested assets
408
156
192
Miscellaneous
                applications
78
485
812
Cash used in
                investing activities
28,492
14,248
19,419
Net increase
                in policy loans and premium notes
12
21
20
Net cash
                provided by (used in) investing activities
5,538
(3,240)
955
Cash flow from financing
                and miscellaneous activities:
Change in
                borrowed money
500
500
500
Payments on
                deposit-type contracts and other insurance liabilities, net of deposits
(1,264)
(1,290)
(1,333)
Dividends
                paid to parent
(900)
(750)
(325)
Other cash
                provided (used)
2,672
121
(366)
Net cash
                provided by (used in) financing and miscellaneous activities
1,008
(1,419)
(1,524)
Net change in
                cash, cash equivalents, and short-term investments
2,305
(958)
942
Cash, cash equivalents,
                and short-term investments:
Beginning of
                year
910
1,868
926
End of year
$
3,215
910
1,868
See accompanying notes to
                statutory financial statements.
7 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(1)    Organization and Nature of Operations
Allianz Life Insurance Company of North America (the
        Company) is a wholly-owned subsidiary of Allianz of America, Inc. (AZOA or parent company), which is a wholly-owned subsidiary of Allianz Europe, B.V. Allianz Europe, B.V. is a wholly-owned subsidiary of Allianz SE. Allianz SE is a European company
        registered in Munich, Germany, and is the Company's ultimate parent. The Company has a wholly-owned life insurance company subsidiary, Allianz Life Insurance Company of New York (AZNY). The Company also wholly owns a captive reinsurer, Allianz Life
        Insurance Company of Missouri (AZMO).
The Company is a life insurance company licensed to
        sell annuity, group and individual life, and group and individual accident and health policies in the United States, Canada, and several U.S. territories. Based on statutory net premium written, the Company's business is predominately annuity. The
        annuity business consists of fixed-indexed, variable-indexed, variable, and fixed annuities. The life business consists of both individual and group life. Life business includes products with guaranteed premiums and benefits and consists
        principally of fixed-indexed universal life policies and closed blocks of universal life policies, term insurance policies, and limited payment contracts. Accident and health business is primarily comprised of closed blocks of long-term care (LTC)
        insurance. The Company's primary distribution channels are through independent agents, broker-dealers, banks, and third-party marketing organizations.
After evaluating the Company's ability to continue
        as a going concern, management is not aware of any conditions or events which raise substantial doubt concerning the Company's ability to continue as a going concern as of the date of filing these Statutory Financial Statements.
(2)    Summary of Significant Accounting Policies
(a)
Basis of Presentation
The Statutory Financial Statements have been
        prepared in accordance with accounting practices prescribed or permitted by the Minnesota Department of Commerce (the Department). The Department recognizes statutory accounting practices prescribed or permitted by the state of Minnesota for
        determining and reporting the financial condition and results of operations of an insurance company and its solvency under Minnesota insurance law. The state of Minnesota has adopted the National Association of Insurance Commissioners (NAIC)
Accounting Practices and Procedures Manual
as its prescribed basis of statutory accounting principles (SAP), without significant modification. The Company has no material statutory accounting practices that differ from
        those of the Department or NAIC SAP. These practices differ in some respects from accounting principles generally accepted in the United States of America (U.S. GAAP). The effects of these differences, while not quantified, are presumed to be
        material to the Statutory Financial Statements. The more significant of these differences are as follows:
(1)    Acquisition costs, such as
        commissions and other costs incurred in connection with acquiring new and renewal business, are charged to current operations as incurred. Under U.S. GAAP, acquisition costs that are directly related to the successful acquisition of insurance
        contracts are capitalized and charged to operations as the corresponding revenues or future profits are recognized.
(2)    Aggregate reserves for life
        policies and annuity contracts, excluding variable annuities, are based on statutory mortality and interest assumptions without consideration for lapses or withdrawals. Under U.S. GAAP, aggregate reserves consider lapses and withdrawals.
(3)    Certain reinsurance
        transactions, primarily used for annuity business, are recognized as reinsurance for statutory purposes only.
(4)    Ceded reinsurance
        recoverable are netted against their related reserves within Policyholder liabilities, Life policies and annuity contracts and Life policy and contract claims, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
        Under U.S. GAAP, these ceded reserves are presented on a gross basis as an asset.
8 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(5)    The Company reinsures a
        portion of its in-force block of business through several reinsurance agreements. Under NAIC SAP, the after-tax gains associated with these indemnity reinsurance transactions are recorded in Unassigned surplus and recognized through income as
        future earnings of the books of business emerge. Under U.S. GAAP, the pretax gains associated with such transactions that qualify as reinsurance, are deferred as liabilities and are amortized into operations over the revenue-producing period of the
        policies.
(6)    Bonds are carried at values
        prescribed by the NAIC, generally amortized cost, except for those with an NAIC rating of 6, which are reported at the lower of amortized cost or fair value. Under U.S. GAAP, bonds classified as "available-for-sale" are carried at fair value, with
        unrealized gains and losses recorded in stockholder's equity.
(7)    Changes in deferred income
        taxes are recorded directly to Unassigned surplus. Under U.S. GAAP, these items are recorded as an item of income tax benefit or expense in operations. Moreover, under NAIC SAP, a valuation allowance may be recorded against the deferred tax asset
        (DTA) and admittance testing may result in an additional charge to capital and surplus for nonadmitted portions of DTAs. Under U.S. GAAP, a valuation allowance may be recorded against the DTA and reflected as an expense.
(8)    Investments in subsidiaries
        are carried at net equity values as prescribed by the NAIC. Changes in equity values are reflected in Unassigned surplus within the Statutory Statements of Capital and Surplus as credits or charges to Unassigned surplus. Under U.S. GAAP, wholly
        owned subsidiary results are consolidated.
(9)    The Company is required to
        establish an asset valuation reserve (AVR) liability and an interest maintenance reserve (IMR) liability. The AVR provides for a standardized statutory investment valuation reserve for certain invested assets. Changes in this reserve are recorded
        as direct charges or credits to Unassigned surplus. The IMR is designed to defer net realized capital gains and losses resulting from changes in the level of prevailing market interest rates and amortize them into income within the Statutory
        Statements of Operations over the remaining life of the investment sold. The IMR represents the unamortized portion of applicable investment gains and losses as of the balance sheet date. There is no such concept under U.S. GAAP.
(10)    Canadian asset and
        liability amounts are expressed in Canadian dollars without foreign exchange translation into U.S. dollars. A net foreign currency translation adjustment is recorded within the Statutory Statements of Admitted Assets, Liabilities, and Capital and
        Surplus with an offset to Other changes in capital and surplus within the Statutory Statements of Capital and Surplus. Under U.S. GAAP, Canadian assets and liabilities are converted to U.S. dollars, with any translation adjustment recorded to
        stockholder's equity.
(11)    Certain assets designated
        as "nonadmitted assets" are not recognized and are charged directly to Unassigned surplus within the Statutory Statements of Capital and Surplus. These include, but are not limited to, investments in unaudited subsidiary, controlled, and affiliated
        (SCA) entities, electronic data processing (EDP) software, portions of goodwill, furniture and fixtures, prepaid expenses, receivables outstanding greater than 90 days, and portions of DTAs. There is no such concept under U.S. GAAP.
(12)    A provision is made for
        amounts ceded to unauthorized reinsurers in excess of collateral in the form of a trust or letter of credit through a direct charge to Unassigned surplus within the Statutory Statements of Capital and Surplus. There is no such requirement under
        U.S. GAAP.
(13)    Revenues for universal
        life policies and annuity contracts, excluding deposit-type contracts, are recognized as revenue when received within the Statutory Statements of Operations. Under U.S. GAAP, policy and contract fees charged for the cost of insurance, policy
        administrative charges, amortization of policy initiation fees, and surrender contract charges are recorded as revenues when earned.
9 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(14)    Benefits for universal
        life policies and annuity contracts within the Statutory Statements of Operations, excluding deposit-type contracts, consist of payments made to policyholders. Under U.S. GAAP, benefits represent interest credited, and claims and benefits incurred
        in excess of the policyholder's contract balance.
(15)    Derivatives are reported
        at fair value in accordance with SSAP No. 86, Derivatives (SSAP No. 86) and SSAP No. 108, Derivatives Hedging Variable Annuity Guarantees (SSAP No. 108). See additional information in section (k) of this note and note 5. Changes in the fair value
        of derivatives, except those reported under SSAP No. 108, are recorded as direct adjustments to Unassigned surplus as a component of Change in unrealized capital gains (losses) within the Statutory Statements of Capital and Surplus. For derivatives
        reported under SSAP No. 108, changes in fair value are recognized as net deferred assets or liabilities within Other assets or Other liabilities, respectively, in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus,
        for fluctuations in fair value that do not offset the changes in the hedged item. The deferred asset or liability is amortized over the timeframe required under SSAP No. 108. Under U.S. GAAP, changes in the fair value of derivatives are recorded in
        derivative income (loss) as part of operating income and the hedged derivatives are carried at fair value. In addition, the effective and ineffective portions of a hedge are accounted for separately.
(16)    Commissions allowed by
        reinsurers on business ceded are reported as income when received within the Statutory Statements of Operations. Under U.S. GAAP, such commissions are deferred and amortized as a component of deferred acquisition costs to the extent
        recoverable.
(17)    The Statutory Financial
        Statements do not include a statement of comprehensive income as required under U.S. GAAP.
(18)    The Statutory Statements
        of Cash Flow do not classify cash flows consistent with U.S. GAAP and a reconciliation of net income to net cash provided from operating activities is not provided.
(19)    The calculation of
        reserves and transfers in the separate account statement requires the use of a Commissioners Annuity Reserve Valuation Method (CARVM) allowance on annuities for NAIC SAP. There is no such requirement under U.S. GAAP.
(20)    Sales inducements and
        premium bonuses are included in Life policies and annuity contracts in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, and are charged to current operations as incurred. Under U.S. GAAP, deferred sales inducements
        and premium bonuses are similarly reserved; however, the costs are capitalized as assets and charged to operations as future profits are recognized in a manner similar to acquisition costs.
(21)    Negative cash balances are
        presented as a negative asset within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. These balances are presented as a liability under U.S. GAAP.
(22)    Embedded derivatives are
        not separated from the host contract and accounted for separately as a derivative instrument. Under U.S. GAAP, entities must separate the embedded derivative from the host contracts and separately account for those embedded derivatives at fair
        value.
(23)    For certain annuity
        products with a market value adjustment feature sold to Minnesota residents (MN MVA) and variable-indexed annuities, the Department requires the Company to maintain a separate asset portfolio to back related reserves. These assets and liabilities
        are required to be included as part of the Separate account assets and Separate account liabilities presented on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Under U.S. GAAP, there is no such requirement.
10 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(b)
Permitted and Prescribed Statutory Accounting Practices
The Company is required to file annual statements
        with insurance regulatory authorities, which are prepared on an accounting basis permitted or prescribed by such authorities. Prescribed statutory accounting practices include state laws, regulations, and general administrative rules, as well as a
        variety of publications of the NAIC. Permitted statutory accounting practices encompass all accounting practices that are not prescribed; such practices differ from state to state, may differ from company to company within a state, and may change
        in the future. The Company has no permitted or prescribed practices that differ from NAIC SAP that had an impact on net income or surplus as of December 31, 2021, 2020, and 2019.
The Company's subsidiary, AZMO, has adopted an
        accounting practice that is prescribed by the Department of Insurance, Financial Institutions, and Professional Registration of the State of Missouri (the Missouri Department). The effect of the accounting practice allows a letter of credit to be
        carried as an admitted asset. The balance of the letter of credit asset at December 31, 2021 and 2020 was $110 and $101, respectively. Under NAIC SAP, this letter of credit would not be allowed as an admitted asset.
This prescribed practice does not impact the net
        income of AZMO and results in increases to surplus of $110 and $101 as of December 31, 2021 and 2020, respectively. The Company's carrying value of its investment in AZMO per the audited statutory surplus was $371 and $350, and the carrying value
        of its investment in AZMO would have been $261 and $249 if AZMO had completed Statutory Financial Statements in accordance with the NAIC SAP as of December 31, 2021 and 2020, respectively. AZMO maintains an adequate amount of surplus such that if
        it had not adopted the prescribed practice, surplus would still exceed the risk-based capital requirements.
(c)
Use of Estimates
The preparation of Statutory Financial Statements in
        conformity with NAIC SAP requires management to make certain estimates and assumptions that affect reported amounts of admitted assets and liabilities, including reporting or disclosure of contingent assets and liabilities as of December 31, 2021
        and 2020, and the reported amounts of revenues and expenses during the reporting period. Future events, including changes in mortality, morbidity, interest rates, capital markets, and asset valuations could cause actual results to differ from the
        estimates used within the Statutory Financial Statements. Such changes in estimates are recorded in the period they are determined.
(d)
Premiums and Annuity Considerations
Life premiums are recognized as income over the
        premium paying period of the related policies. Nondeposit-type annuity considerations are recognized as revenue when received. Accident and health premiums are earned ratably over the terms of the related insurance and reinsurance contracts or
        policies.
(e)
Aggregate Reserves for Life Policies and Annuity Contracts
Reserves are principally calculated as the minimum
        reserves permitted by the state where the contract is issued for the year in which the contract is issued.
For the Company's fixed annuity product lines,
        reserves are calculated using CARVM. The Company uses both issue year and change in fund basis for the calculation method, on a curtate basis, using the maximum allowable interest rate. Deferred fixed-interest and fixed-indexed annuities typically
        have a two-tier structure to encourage annuitization, or a single-tier structure, which may include a market value adjustment. Either two-tier or single-tier annuities may include bonuses.
For the Company's variable and variable-indexed
        annuity product lines, reserves are calculated using VM-21,
Requirements for Principle-Based Reserves for
        Variable Annuities
(VM-21), effective January 1, 2020. Variable deferred annuities include a wide range of guaranteed
        minimum death benefits and living benefits (income, accumulation, and withdrawal).
Reserves for immediate annuities are calculated
        using current prescribed mortality tables.
11 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Aggregate reserves for life insurance policies are
        principally calculated using the Commissioners Reserve Valuation Method (CRVM) or VM-20,
Requirements for
        Principle-Based Reserves for Life Products
, depending on the policy's issue date. Additional reserves are held for
        supplemental benefits and for contracts with secondary guarantees, consistent with prescribed regulations and actuarial guidelines.
The Company performs an annual asset adequacy
        analysis as required by regulation covering substantially all of its reserves. These tests are not only performed under the required interest rate scenarios, but also under additional stochastically generated interest and equity growth scenarios.
        Sensitivity tests, including policy lapse, annuitization, maintenance expenses, and investment return, are performed to evaluate potential insufficiencies in reserve adequacy. The results of these tests and analysis resulted in $0 of additional
        reserves at December 31, 2021 and 2020, respectively.
(f)
Aggregate Reserves for Accident and Health Policies
For accident and health business, reserves consist
        of active life reserves (mainly reserves for unearned premiums and reserves for contingent benefits on individual LTC business) and claim reserves (the present value of amounts not yet due). Claim reserves represent incurred but unpaid claims under
        group policies. For the LTC business, the asset adequacy analysis was performed through a gross premium valuation. At December 31, 2021 and 2020, the results of these tests and analysis supported the establishment of additional reserves of $329 and
        $151, respectively.
(g)
Deposit-type Contracts
Deposit-type contracts represent liabilities to
        policyholders in a payout status, who have chosen a fixed payout option without life contingencies. The premiums and claims related to deposit-type contracts are not reflected in the Statutory Statements of Operations as they do not have insurance
        risk. The Company accounts for the contract as a deposit-type contract in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
(h)
Policy and Contract Claims
Policy and contract claims include the liability for
        claims reported but not yet paid, claims incurred but not yet reported (IBNR), and claim settlement expenses on the Company's accident and health business. Actuarial reserve development methods are generally used in the determination of IBNR
        liabilities. In cases of limited experience or lack of credible claims data, loss ratios are used to determine an appropriate IBNR liability. Claim and IBNR liabilities of a short-term nature are not discounted, but those claim liabilities
        resulting from disability income or LTC benefits include interest and mortality discounting.
(i)
Reinsurance
The Company assumes and cedes business with other
        insurers. Reinsurance premium and benefits paid or provided are accounted for in a manner consistent with the basis used in accounting for original policies issued and the terms of the reinsurance contracts. Amounts recoverable from reinsurers
        represent account balances and unpaid claims covered under reinsurance contracts. Amounts paid or deemed to have been paid for claims covered by reinsurance contracts are recorded as a reinsurance recoverable and are included in Other assets on the
        Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
Included in Unassigned surplus is the gain
        recognized when the Company enters into a coinsurance, modco or yearly renewable term (YRT) agreement on existing business. The gain is deferred and amortized into operations on a basis consistent with how the future earnings emerge on the
        underlying business.
Reserve adjustments related to reinsurance ceded in
        the Statutory Statements of Operations include reserve changes received from a reinsurer on modified coinsurance ceded.
(j)
Investments
Investment values are determined in accordance with
        methods prescribed by the NAIC.
Bonds and Stocks
12 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The Securities Valuation Office (SVO) of the NAIC
        evaluates the credit quality of the Company's bond investments. Bonds rated at "1" (highest quality), "2" (high quality), "3" (medium quality), "4" (low quality), or "5" (lower quality) are reported at cost adjusted for the amortization of
        premiums, accretion of discounts, and any impairment. Bonds rated at "6" (lowest quality) are carried at the lower of amortized cost or fair value with any adjustments to fair value recorded to Unassigned surplus within the Statutory Statements of
        Capital and Surplus.
In accordance with its investment policy, the
        Company invests primarily in high-grade marketable securities. Dividends are accrued on the date declared and interest is accrued as earned. Premiums or discounts on bonds are amortized using the constant-yield method.
Loan-backed securities and structured securities are
        amortized using anticipated prepayments, in addition to other less significant factors. Prepayment assumptions for loan-backed and structured securities are obtained from various external sources or internal estimates. The Company believes these
        assumptions are consistent with those a market participant would use. The Company recognizes income using the modified scientific method based on prepayment assumptions and the estimated economic life of the securities. For structured securities,
        except for collateralized debt obligations (CDOs) and impaired bonds, when actual prepayments differ significantly from anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future payments
        retrospectively. Any resulting adjustment is included in Net investment income on the Statutory Statements of Operations. For CDOs and impaired bonds, when adjustments are made for anticipated prepayments and other expected changes in future cash
        flows, the effective yield is recalculated using the prospective method as required by Statement of Statutory Accounting Principles (SSAP) No. 43R –
Loan Backed and Structured Securities
(SSAP No. 43R).
Hybrid securities are investments structured to have
        characteristics of both stocks and bonds. The Company records these securities within Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
Common stocks, other than investments in
        subsidiaries and Federal Home Loan Bank (FHLB) stock, are carried at fair value. Beginning January 1, 2021, preferred stocks are reported at fair value in accordance with SSAP No. 32, Preferred Stock (SSAP No. 32). Prior to this change, preferred
        stocks were reported at the lower of book value or fair value. The related unrealized capital gains (losses) are reported in Unassigned surplus, net of federal income taxes within the Statutory Statements of Capital and Surplus. FHLB stock is
        carried at cost, which approximates fair value.
Gross realized gains and losses are computed based
        on the average amortized cost of all lots held for a particular CUSIP.
The fair value of bonds, and common and preferred
        stocks is obtained from third-party pricing sources whenever possible. Management completes its own independent price verification (IPV) process, which ensures security pricing is obtained from a third-party source other than the sources used by
        the Company's internal and external investment managers. The IPV process supports the reasonableness of price overrides and challenges by the internal and external investment managers and reviews pricing for appropriateness. Results of the IPV
        process are reviewed by the Company's Pricing Committee.
The Company reviews its combined investment
        portfolio, including subsidiaries, in aggregate each quarter to determine if declines in fair value are other than temporary.
For bonds for which the fair value is less than
        amortized cost, the Company evaluates whether a credit loss exists by considering primarily the following factors: (a) the length of time and extent to which the fair value has been less than the amortized cost of the security; (b) changes in the
        financial condition, credit rating, and near-term prospects of the issuer; (c) whether the issuer is current on contractually obligated interest and principal payments; (d) changes in the financial condition of the security's underlying collateral,
        if any; and (e) the payment structure of the security. For loan-backed securities, the Company must allocate other-than-temporary impairments (OTTI) between interest and noninterest-related declines in fair value. Interest-related impairments are
        considered other than temporary when the Company has the intent to sell the investment prior
13 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
to recovery of the cost of the investment. The
        Company maintains a prohibited disposal list that restricts the ability of the investment managers to sell securities in a significant unrealized loss position and requires formal attestations from investment managers regarding their lack of intent
        to sell certain securities.
The Company evaluates whether equity securities are
        other-than-temporarily impaired through a review process which includes, but is not limited to, market analysis, analyzing current events, assessing recent price declines, and management's judgment related to the likelihood of recovery within a
        reasonable period of time.
Impairments considered to be other-than-temporary
        are recorded as a reduction of the cost of the security, and a corresponding realized loss is recognized on the Statutory Statements of Operations in the period in which the impairment is determined. Recognition of the realized loss is subject to
        potential offset by AVR and IMR.
The Company holds certain cash equivalents which
        receive bond treatment based on their underlying securities. These are classified as Other assets receiving bond treatment in Note 5.
Investment in Subsidiaries
Common stock of the Company's insurance subsidiaries
        is carried at SAP capital and surplus, and investments in non-insurance subsidiaries are carried at U.S. GAAP equity value adjusted for certain items that are considered to be non-admitted. Unaudited subsidiaries are fully non-admitted.
Mortgage Loans on Real Estate
Mortgage loans on real estate, including commercial
        mortgage loans (CMLs) and residential mortgage loans (RMLs), are carried at the outstanding principal balance, adjusted for any impairment. The fair value of CMLs is calculated by analyzing individual loans and assigning ratings to each loan based
        on a combination of loan-to-value ratios and debt service coverage ratios. Fair value is determined based on these factors as well as the contractual cash flows of each loan and the current market interest rates for similar loans. The fair value of
        RMLs is calculated by discounting estimated cash flows, with discount rates based on current market conditions. The Company evaluates loans quarterly to assess whether there is an impairment based on the likelihood of receiving all contractual cash
        flows. The Company accounts for interest income on impaired loans on a cash basis. Interest accrual is discontinued for impaired loans and interest income is only recognized when received. Payments received on impaired loans are applied to accrued
        interest, and payments received in excess of accrued interest are applied to principal.
Real Estate
Real estate primarily represents the Company's home
        office property, and is carried at depreciated cost less encumbrances in accordance with SSAP No. 40 –
Real
        Estate Investments
. Real estate income, including income received from home office property, is included in Net investment
        income on the Statutory Statements of Operations. Real estate, exclusive of land, is depreciated on a straight-line basis over estimated useful lives ranging from 3 to 40 years. At December 31, 2021 and 2020, accumulated depreciation was $79 and
        $74, respectively. Furthermore, as of December 31, 2021 and 2020, real estate was presented net of encumbrances of $31 and $41, respectively, as discussed in Note 7.
The Company also has real estate classified as held
        for sale that was transferred from RMLs, in the amount of $4 and $0, as of December 31, 2021 and 2020, respectively. Allianz Life intends to sell these properties at market value within 12 months of the transfer dates, and any gain or loss will be
        recognized at the time of sale.
Cash and Cash Equivalents
Cash and cash equivalents may include cash on hand,
        demand deposits, money market funds, reverse repurchase agreements (repo), and highly liquid debt instruments purchased with an original maturity of three months or less. Due to the short-term nature of these investments, the carrying value is
        deemed to approximate fair value.
In the normal course of business, the Company enters
        into bilateral and tri-party repos, whereby the Company purchases securities and simultaneously agrees to resell the same securities at a stated price on a specified date
14 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
in the future, for the purpose of earning a
        specified rate of return. An affiliate of the Company serves as the agent in the bilateral agreements and an unaffiliated bank serves as the custodian in the tri-party agreements. The bilateral agreements require purchases of specifically
        identified securities. If at any time the fair value of those purchased securities falls below the purchase price, additional collateral in the form of cash or additional securities is required to be transferred to ensure margin maintenance. The
        tri-party agreements allow for the purchase of certain bonds and structured securities, and require a minimum of 102% of fair value of the securities purchased to be maintained as collateral.
The Company's repos are accounted for as
        collateralized lending in accordance with SSAP No. 103R –
Transfers and Servicing of Financial Assets and
        Extinguishments of Liabilities
(SSAP No. 103R), whereby the amounts paid for the securities are reported as cash equivalents
        within Cash and cash equivalents on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The difference between the amount paid and the amount at which the securities will be resold is reported as interest income
        within Net investment income on the Statutory Statements of Operations.
Policy Loans
Policy loans are supported by the underlying cash
        value of the policies. Policy loans are carried at unpaid principal balances plus accrued interest income on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The unpaid principal balances are not in excess of the
        cash surrender values of the related policies.
Other Invested Assets
The Company participates in securities lending
        arrangements whereby specific securities are loaned to other institutions. The Company receives collateral from these arrangements including cash and cash equivalents, which can be reinvested based on the Company's discretion, and noncash
        collateral, which may not be sold or re-pledged unless the counterparty is in default. The Company accounts for its securities lending transactions as secured borrowings, in which the cash collateral received and the related obligation to return
        the cash collateral are recorded in Other invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Noncash collateral received is not reflected on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. Securities on loan remain on the Company's Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, and interest and dividend income earned by the Company on
        loaned securities is recognized in Net investment income on the Statutory Statements of Operations.
Company policy requires a minimum of 102% of fair
        value of securities loaned under securities lending agreements to be maintained as collateral.
The
        Company's sources of cash used to return cash collateral is dependent upon the liquidity of current market conditions. The Company has policies in place to manage reinvested collateral at appropriate levels of liquidity.
The Company invests in low income housing tax credit
        (LIHTC) investments for tax benefits. In accordance with SSAP No. 93 –
Low Income Housing Tax Credit
        Property Investments
, the LIHTC investments are carried at cost and adjusted for amortization based on the proportion of
        total tax credits and other tax benefits expected to be received over the life of the investments. The Company records an asset for the full unfunded investment amount upon entering into a LIHTC agreement; amortization decreases the asset balance
        over time. A corresponding liability is recorded for the unfunded commitment balance beginning when the LIHTC investment is initially funded, which decreases as the Company provides capital to fund. The asset and liability are recorded in Other
        invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The tax benefit is recognized within Income tax expense within the Statutory Statements of Operations. The
        amortization of the investment is recorded as Net investment income and any impairments are included in Net realized capital gain (loss) within the Statutory Statements of Operations.
Receivables and payables for securities are carried
        at fair value on the trade date and represent a timing difference on securities that are traded at the balance sheet date but not settled until subsequent to the balance
15 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
sheet date. Receivables and payables for securities
        are included in Other invested assets and Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
(k)    Derivatives
The Company utilizes derivatives within certain
        actively managed investment portfolios for hedging purposes.
Hedge Accounting
The Company elects hedge accounting under SSAP No.
        86 and SSAP No. 108 for certain qualifying derivative instruments. To qualify for hedge accounting, at inception, the Company formally documents the risk management objective and strategy for undertaking the hedging transaction. The documentation
        links a specific derivative to a specific asset or liability on the Statutory Statements of Assets, Liabilities, and Capital and Surplus, identifies how the derivative is expected to offset the exposure to changes in the hedged item's fair value or
        variability in cash flows attributable to the designated hedge risk, and the effectiveness testing methods to be used. Hedge effectiveness is formally assessed at inception and on a quarterly basis throughout the life of the designated hedging
        relationships.
Hedge effectiveness is assessed using qualitative
        and quantitative methods. Qualitative methods may include comparison of critical terms of the derivative to the hedged item. Quantitative methods include analysis of changes in fair value or cash flows associated with the hedge relationship. Hedge
        effectiveness may be measured using either the dollar offset method or regression analysis. The dollar offset method compares changes in fair value or cash flows of the hedging instrument with changes in the fair value or cash flows of the hedged
        item attributable to the hedged risk. Regression analysis is a statistical technique used to measure the relationships between the fair values or cash flows of a derivative and a hedged item and how each reacts to changes in the designated hedge
        risk (i.e., interest rates, foreign currency rates).
A derivative instrument is either classified as an
        effective hedge or an ineffective hedge. Entities must account for the derivative at fair value if deemed to be ineffective or becomes ineffective. For those derivatives qualifying as effective for hedge accounting under SSAP No. 86, the change in
        the carrying value or cash flow of the derivative shall be recorded consistently with the way that changes in the carrying value or cash flows of the hedged item are recorded. For those derivatives qualifying as effective for hedge accounting under
        SSAP No. 108, the derivative is carried at fair value.
Foreign Currency Swaps
The Company utilizes foreign currency swaps to hedge
        cash flows and applies hedge accounting. Specifically, the Company uses foreign currency swaps to hedge foreign currency and interest rate fluctuations on certain underlying foreign currency denominated fixed-maturity securities. The foreign
        currency swaps are reported at amortized cost from the date hedge accounting is designated and deemed to be effective, which is consistent with the accounting for the bonds that are the subject of the hedge accounting transactions.
Interest Rate Swaps on Variable
        Annuity Insurance Liabilities
The Company utilizes interest rate swaps (IRS) to hedge the interest rate risk on
        certain variable annuity
guarantee benefits. These are accounted for as a cash flow hedge under SSAP No. 86
        and a fair value hedge under SSAP No. 108.
Prior to January 1, 2020, the Company had IRS that hedge the interest rate risk on
        certain variable annuity guarantee benefits held at amortized cost in accordance with SSAP No. 86. The initial book value of the IRS represented the book value created from inception until the designation of hedge accounting. These IRS were held at
        amortized cost and changes were recognized to the extent they offset changes in the AG43 reserve for the hedged item due to interest rate movement. The initial book value and subsequent changes due to the hedged item or realized gains or losses
        recorded under hedge accounting (hedge adjustment) are amortized over the duration of the hedge program, approximated by AG43 standard
16 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
scenario revenues. The carrying value of the IRS with hedge adjustment was recorded
        within Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus, with changes in the IRS hedge adjustment recorded within Other Income on the Statutory Statements of Operations.
Effective January 1, 2020, the Company de-designated its previous hedging
        relationship under SSAP No. 86 and simultaneously designated the hedging relationship described above under SSAP No. 108. The remaining balance of the SSAP No. 86 hedge adjustment is recorded within Other liabilities on the Statutory Statements of
        Admitted Assets, Liabilities, and Capital and Surplus, and will be amortized over the life of the former hedge program.
The table below illustrates the hedge adjustment
        calculation under SSAP No. 86:
2021
2020
Hedge adjustment balance
                - beginning of year
$
513
$
582
Amount amortized into earnings during the
                year
(58)
(69)
Hedge adjustment balance
                - end of year
$
455
$
513
Effective January 1, 2020, the Company designated
        the hedging relationship described above under SSAP No. 108. The hedged item consists of a portion of the Company's variable annuity block of business minimum benefit guarantees that are sensitive to interest rate movement. The hedged portion of
        the block is determined on a monthly basis based on the percentage of the economic liability being hedged. The related hedging instrument is a portfolio of interest rate swap derivatives which follows a dynamic hedging strategy. Changes in interest
        rates impact the present value of the future product cash flows.
The Company recognizes a net deferred asset or
        liability within Other assets or Other liabilities, respectively, on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for fluctuations in fair value that do not offset the changes in the liability. Beginning July 1,
        2021, the Company has elected to amortize the deferred balance that existed as of June 30, 2021 over five years, in accordance with SSAP No. 108, paragraph 14.c. Changes in the deferred balance after July 1, 2021 will be amortized over the
        timeframe required under SSAP No. 108, paragraph 14, which is the Macaulay duration of guarantee benefit cash flows, capped at 10 years.
The hedge strategy is compliant with VM-21 Clearly Defined Hedge Strategy (CDHS)
        requirements and meets all the criteria to be defined as an effective hedge relationship as required by SSAP No. 108. The Company entered into this hedging relationship effective January 1, 2020 and no changes in hedging strategy have occurred
        since inception. Hedge effectiveness is measured in accordance with SSAP No. 108 on a quarterly basis, both prospectively and retrospectively, and remains highly effective as of December 31, 2021.
In accordance with SSAP No. 108, an amount equal to the net deferred asset and
        deferred liability is allocated from Unassigned funds to Special surplus funds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The following table shows the deferred activity for the year ended December 31,
        2021 and 2020.
2021
2020
Net deferred
                balance - beginning of year
$
1,844
$
1,435
Amortization
(240)
(214)
Additional amounts
                deferred
(167)
623
Net deferred balance - end of year
$
1,437
$
1,844
The net deferred balance will amortize over the next 10 years, as shown
        below:
17 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Amortization year
Deferred assets
Deferred liabilities
2022
$
(189)
$
501
2023
(189)
501
2024
(189)
501
2025
(189)
501
2026
(96)
255
2027
(3)
9
2028
(3)
9
2029
(3)
9
2030
(3)
9
2031
(3)
$
9
Total
$
(867)
$
2,304
The company did not have other changes related to open derivatives
        removed from SSAP No. 86 and captured in scope of SSAP No. 108 for the years ended December 31, 2021 and 2020. During the years ended December 31, 2021 and 2020, the fair value changes available for application under SSAP No. 108 was $(694) and
        $927, respectively.
The Company did not have any hedging strategies identified as no
        longer highly effective and did not terminate any hedging strategies during the year ended December 31, 2021 and 2020.
Nonqualifying hedging
Futures and Options Contracts
The Company provides benefits through certain life
        and annuity products which are linked to the fluctuation of various market indices, and certain variable annuity contracts that provide minimum guaranteed benefits. The Company has analyzed the characteristics of these benefits and has entered into
        over-the-counter (OTC) option contracts, exchange-traded option (ETO) contracts, and exchange-traded futures contracts tied to an underlying index with similar characteristics with the objective to economically hedge these benefits. Management
        monitors in-force amounts as well as option and futures contract values to ensure satisfactory matching and to identify unsatisfactory mismatches. If actual persistency deviated, management would purchase or sell option and futures contracts as
        deemed appropriate or take other actions.
The OTC option contracts and ETO contracts are
        reported at fair value in Derivative assets and Derivative liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The fair value of the OTC options is derived internally and deemed by management to be
        reasonable via performing an IPV process. The process of deriving internal derivative prices requires the Company to calibrate Monte Carlo scenarios to actual market information. The calibrated scenarios are applied to derivative cash flow models
        to calculate fair value prices for the derivatives. The fair value of the ETO contacts is based on quoted market prices. Incremental gains and losses from expiring options are included in Net realized capital gain (loss) on the Statutory Statements
        of Operations. The liability for the related policyholder benefits is reported in Life policies and annuity contracts on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The unrealized gain or loss on open OTC
        option contracts is recognized as a direct adjustment to Unassigned surplus within the Statutory Statements of Capital and Surplus. Any unrealized gains or losses on open OTC option contracts are recognized as realized when the contracts mature
        (see Note 5 for further discussion).
Futures contracts do not require an initial cash
        outlay, and the Company has agreed to daily net settlement based on movements of the representative index. Therefore, no asset or liability is recorded as of the end
18 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
of the reporting period. A derivative asset or
        liability and an offsetting variation margin payable or receivable is recorded in Derivative assets or Derivative liabilities in the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for the outstanding unpaid variation
        margin representing market movements on the last trading day of the year.
Gains and losses are not considered realized until
        the termination or expiration of the futures contract. Unrealized gains and losses on futures contracts are reflected in the Statutory Statements of Capital and Surplus in Unassigned surplus, within Change in unrealized capital gains (loss).
        Realized gains and losses on futures contracts are included in the Statutory Statements of Operations, Net realized capital gain (loss), net of taxes and interest maintenance reserve.
Interest Rate Swaps, Credit
        Default Swaps, Total Return Swaps, and To Be Announced Securities
The Company utilizes IRS, credit default swaps
        (CDS), total return swaps (TRS), and To Be Announced (TBA) securities to economically hedge market risks embedded in certain life and annuity products. The IRS, CDS, TRS and TBA securities are reported at fair value in Derivative assets or
        Derivative liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The fair value of the IRS, CDS, and TBA securities are derived using a third-party vendor software program and deemed by management to be
        reasonable. Centrally cleared IRS fair values are obtained from the exchange on which they are traded. The fair value of the TRS is based on counterparty pricing and deemed by management to be reasonable. Changes in unrealized gains and losses on
        the swaps are recorded as a direct adjustment to Unassigned surplus within the Statutory Statements of Capital and Surplus. Gains and losses on exchange cleared IRS are recorded as unrealized until the contracts mature or are disposed at which time
        they are recorded as realized, subject to offset by IMR.
(l)    Corporate-Owned Life Insurance
Corporate-owned life insurance (COLI) is recognized
        initially as the amount of premiums paid. Subsequent measurement of the contract is based upon the amount that could be realized assuming the surrender of an individual-life policy (or certificate in a group policy), otherwise known as the cash
        surrender value (CSV), in accordance with SSAP No. 21 –
Other Admitted Assets
(SSAP No. 21). Changes in CSV resulting from subsequent measurement of the contract are recognized as a component of Other income on the
        Statutory Statements of Operations. The Company's COLI policies are reported in Other assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
(m)    Borrowed Money
The Company is a member of the FHLB of Des Moines,
        primarily for the purpose of participating in the FHLB's mortgage collateralized loan advance program with short-term and long-term funding facilities. Members are required to purchase and hold a minimum amount of FHLB capital stock plus additional
        stock based on outstanding advances. Through its membership, the Company has issued debt to the FHLB in exchange for cash advances. It is part of the Company's strategy to utilize funds borrowed from the FHLB for operations and strategic
        initiatives. The Company's current borrowings are not subject to prepayment obligations.
Funds obtained from the FHLB and accrued interest
        are included within Borrowed money within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with SSAP No. 15 –
Debt and Holding Company Obligations
.
        The collateral pledged to FHLB is reported as admitted assets within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with admissibility testing under SSAP No. 30 –
Unaffiliated Common Stock
.
(n)    Income Taxes
The Company and its subsidiaries file a consolidated
        federal income tax return with AZOA and all of its wholly-owned subsidiaries. The consolidated tax allocation agreement stipulates that each company participating in the return will bear its share of the tax liability pursuant to certain tax
        allocation elections under the Internal Revenue Code (IRC) and its related regulations and reimbursement will be in accordance with an
19 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
intercompany tax reimbursement arrangement. The
        Company, and its insurance subsidiaries, generally will be paid for the tax benefit of any of their tax attributes used by any member of the consolidated group.
The Company provides for federal income taxes based
        on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate
        deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to significantly change the provision for federal income taxes recorded in the Statutory Statements of Admitted Assets,
        Liabilities, and Capital and Surplus. Any such change could significantly affect the amounts reported in the Statutory Statements of Operations. Management uses best estimates to establish reserves based on current facts and circumstances regarding
        tax exposure items where the ultimate deductibility is open to interpretation. Quarterly, management evaluates the appropriateness of such reserves based on any new developments specific to their fact patterns. Information considered includes
        results of completed tax examinations, Technical Advice Memorandums, and other rulings issued by the Internal Revenue Service or the tax courts.
The Company utilizes the asset and liability method
        of accounting for income taxes. DTAs and deferred tax liabilities (DTLs), net of the nonadmitted portion are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets
        and liabilities and their respective tax bases. Gross DTAs and DTLs are measured using enacted tax rates and are considered for admitted tax asset status according to the admissibility test as set forth by the NAIC. Changes in DTAs and DTLs,
        including changes attributable to changes in tax rates, are recognized as a component of Unassigned surplus on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
(o)
Separate Accounts
Separate account assets and liabilities are
        primarily funds held for the exclusive benefit of variable and variable-indexed annuity contract holders. Separate account assets are reported at fair value in accordance with SSAP No. 56 –
Separate Accounts
(SSAP No. 56), with
        the exception of certain bonds, cash, cash equivalents, and investment income due and accrued. Certain assets that are allocated to the index options for the Allianz Index Advantage Variable Annuity (VIA) are invested in bonds, cash, cash
        equivalents, and investment income due and accrued, and carried at amortized cost in accordance with the product filing requirements in the state of Minnesota.
Amounts due from separate accounts primarily represent the difference between the
        surrender value of the contracts and the Separate account liability as disclosed on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. This receivable represents the surrender fee that would be paid to the Company
        upon the surrender of the policy or contract by the policyholder or contract holder as of December 31. Amounts charged to the contract holders for mortality and contract maintenance, and other administrative services fees are included in income
        within Fees from separate accounts on the Statutory Statements of Operations. These fees have been earned and assessed against contract holders on a daily or monthly basis throughout the contract period and are recognized as revenue when assessed
        and earned. Transfers to (from) separate accounts within the Statutory Statements of Operations primarily includes transfers for new premium and annuity considerations, benefit payments, surrender charge wear-off, realized and unrealized investment
        gains/losses, investment income, and other contractholder behavior.
(p)
Receivables
Receivable balances approximate estimated fair
        values. This is based on pertinent information available to management as of year-end, including the financial condition and creditworthiness of the parties underlying the receivables. Any balances outstanding more than 90 days are nonadmitted on
        the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
(q)    Reclassifications
Prior year balances have not been reclassified to
        conform to the current year presentation.
(3)
Accounting Changes and Corrections of Errors
20 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Accounting Changes
Recently Issued Accounting Standards – Adopted in
        2021
In July 2020, the NAIC adopted revisions to SSAP No.
        32R, Preferred Stock. The revisions update the definitions, measurement, and impairment guidance for various types of preferred stock and require perpetual preferred stock to be measured at fair value, not to exceed any currently effective call
        price, instead of at the lower of cost or fair value. The revisions were effective January 1, 2021. The implementation of these revisions on January 1, 2021 resulted in a pre-tax increase to surplus of $2.
In 2021, the NAIC extended the following
        interpretations (INT) in response to the COVID-19 pandemic:
•
INT 20-03, Troubled Debt Restructuring due to COVID-19. This INT followed the interagency COVID-19 guidance issued by
        federal and state prudential banking regulators (and concurred by the FASB) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Specifically, a modification of a mortgage loan or bank loan terms did not result in troubled debt
        restructurings as long as the modification was in response to COVID-19, the borrower was current at the time of the modification, and the modification was short-term. In addition, insurers were not required to designate mortgage loans or bank loans
        with deferrals granted due to COVID-19 as past due or report them as nonaccrual loans. This INT was effective for the period beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were
        extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which the national emergency declared by the President terminates. This INT did not impact the Company.
•
INT 20-07, Troubled Debt Restructuring of Certain Debt Investments Due to COVID-19. This INT provided temporary
        guidance by allowing practical expedients when assessing whether modifications made to debt securities (under SSAP 26R and 43R) due to COVID-19 are insignificant. Specifically, the guidance proposed restructurings in response to COVID-19 are
        considered to be insignificant if the restructuring resulted in a 10% or less shortfall amount in the contractual amount due and did not extend the maturity of the investment by more than 3 years. This INT was effective for the period beginning
        March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which the national
        emergency declared by the President terminates. This INT did not impact the Company.
In November 2021, the NAIC adopted revisions to SSAP
        No. 43R, Loan Backed and Structured Securities. The revisions state that non-rated residual tranches currently classified as bonds should be reclassified to other invested assets, and held at lower of cost or market. The revisions are effective
        December 31, 2022, with early application permitted. The company has adopted these revisions, resulting in no change due to no non-rated residual tranches classified as bonds as of December 31, 2021. There was no impact on net income or surplus
        during the year-ended December 31, 2021, as a result of adopting the revisions.
Recently Issued Accounting
        Standards – Adopted in 2020
Effective January 1, 2020, the Company adopted
        VM-21, as the effective guidance under which the Company's variable and variable-indexed annuities reserves are calculated. Previously, the Company calculated these reserves using guidance found in AG43. VM-21 applies to business issued on or after
        January 1, 2017. Under VM-21, during 2017, 2018, and 2019, the Company elected to combine contracts subject to AG43 and VM-21 for purposes of calculating reserves. In 2019, the NAIC adopted revisions to both AG43 and VM-21, effective January 1,
        2020. The implementation of the 2019 revisions on January 1, 2020 resulted in a pre-tax increase of $1 to Policyholder liabilities for Life policies and annuity contracts within the Statutory Statements of Admitted Assets, Liabilities, and Capital
        and Surplus and the corresponding decrease to surplus for the same amount is recorded through Change in reserve on account of change in valuation basis within the Statutory Statements of Capital and Surplus. The 2019 amendments allow an optional
        phase-in of the increase which the Company did not elect.
Effective January 1, 2020, the Company adopted SSAP
        No. 108, the standard establishes statutory accounting principles to address certain limited derivative transactions hedging variable annuity guarantees subject to
21 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
fluctuations as a result of interest rate
        sensitivity. The Company added all applicable new disclosures required by the standard; see Note 2(k) for further information. There were no impacts to net income or surplus during the year ended December 31, 2020, as a result of this adoption.
In 2016, the NAIC adopted revisions to SSAP No. 51R,
        Life Contracts and SSAP No. 54, Individual and Group Accident and Health Contracts, Issue Paper No. 154, Implementation of Principles-Based Reserving. These revisions relate to the adoption of the Valuation Manual and provides for principle-based
        reserving for Life and Heath contracts, and are effective January 1, 2017. The Valuation Manual provides the following revisions: 1) VM-20, Requirements for Principle-Based Reserves, for Life Products, includes an optional three-year deferral. The
        Company elected the deferral and adopted this update effective January 1, 2020. It applies to business issued on or after this date. 2) VM-21, see details disclosed above. 3) VM-22, Statutory Maximum Valuation Interest Rates for Income Annuities,
        was effective January 1, 2018. It applies to annuitizations on contracts issued on or after that date. Because most annuitizations occur years after a contract has been issued, its impact on net income and surplus has not been material. 4.) VM-25,
        Health Insurance Reserves Minimum Requirements, and VM-26, Credit Life and Disability Reserve Requirements, are not applicable as the Company does not issue these contracts.
In August 2019, the NAIC adopted SSAP No. 22R,
        Leases. This revised standard is a substantive revision, reorganization, and clarification of SSAP 22. It adopts much of the language of US GAAP ASU 2016-02, Leases, but retains operating lease accounting for Statutory accounting. It was effective
        January 1, 2020, with early adoption permitted. The Company adopted these revisions effective January 1, 2020. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the revisions.
In March 2020, the NAIC adopted INT 20-01, Reference
        Rate Reform. The interpretation adopted the optional guidance outlined in Accounting Standards Update (ASU) 2020-04, Reference Rate Reform, for a limited period of time to ease the potential burden on accounting for reference rate reform. The
        practical expedients outlined in the interpretation are for modifications solely related to reference rate reform and optionally suspends assessments for re-measuring a contract and dedesignating a hedge relationship. This interpretation is
        effective on the date of adoption and expires on December 31, 2022. The Company adopted the optional guidance in this interpretation effective March 12, 2020. As of December 31, 2020, the Company has not made any modifications to financial assets
        or liabilities as a result of reference rate reform.
In May 2020, the NAIC adopted revisions to SSAP No.
        26R, Bonds, which provides clarifying guidance when assessing other than temporary impairments (OTTI) for debt instruments that have been previously modified pursuant to SSAP No. 36, Troubled Debt Restructuring, or SSAP No. 103R, Transfers and
        Servicing of Financial Assets and Extinguishments of Liabilities. The revisions to SSAP No. 26R state subsequent OTTI assessments for debt instruments modified under SSAP No. 36 or SSAP No 103 will be based on the modified contractual terms and not
        revert back to the original acquisition terms. These revisions were effective May 20, 2020 and were subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting
        the revisions.
In April, May, June, and August 2020, the NAIC
        adopted the following interpretations (INT) in response to the COVID-19 pandemic:
•
INT 2020-02, Extension of the 90-Day Rule for the Impact of COVID-19, extends a one-time optional extension of the
        nonadmission assessment guidance for premiums and similar receivables due from policyholders or agents. For receivables that were current prior to the beginning of the declaration of a state of emergency by the U.S. federal government on March 13,
        2020 or originated on or after March 13, 2020, insurers may continue to admit assets greater than 90 days past due. This INT is applicable for the March 31, 2020, June 30, 2020, and September 30, 2020 financial statements and expired on December
        30, 2020. This INT did not have an impact to the Company.
•
INT 2020-03, Troubled Debt Restructuring Due to COVID-19, follows the inter-agency COVID-19 guidance issued by the
        federal and state prudential banking regulators (and concurred by the Financial Accounting Standards Board) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Specifically, a modification of a mortgage loan or bank loan terms does
        not result in troubled debt
22 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
restructuring as long as the modification is in
        response to COVID-19, the borrower was current at the time of the modification, and the modification is short-term. In addition, insurers are not required to designate mortgage loans or bank loans with deferrals granted due to COVID-19 as past due
        or report them as nonaccrual loans. This INT is effective for the period beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier
        of January 1, 2022 or the date that is 60 days after the date on which the national emergency declared by the President terminates. The Company implemented a loan modification program that adhered to the requirements outlined in the INT for
        investments in commercial and residential mortgage loans.
•
INT 2020-04, Mortgage Loan Impairment Assessment Due to COVID-19, defers the impairment assessment for bank loans,
        mortgage loans, and investments which predominantly hold underlying mortgage loans and are impacted by forbearance or modifications in response to COVID-19. This INT was applicable for the March 31, 2020, June 30, 2020, and September 30, 2020
        financial statements and expired on December 30, 2020. This INT did not have a material impact to the Company.
•
INT 2020-05, Investment Income Due and Accrued. This INT provides temporary relief guidance for assessing the
        collectability of interest income, admissibility relief of accrued investment income 90 days past due, and clarifies how interest income should be recognized during a payment holiday. This INT is applicable for the June 30, 2020, and September 30,
        2020 financial statements and expired on December 30, 2020. This INT did not have a material impact to the Company.
•
INT 2020-06, Participation in the 2020 TALF Program. This INT provides guidance for reporting Term Asset-Backed
        Securities Lending Facility (TALF) loans for the duration of the 2020 TALF program. This INT did not impact the Company as the Company did not participate in this program.
•
INT 2020-07, Troubled Debt Restructuring of Certain Debt Investments Due to COVID-19. This INT provides temporary
        guidance by allowing practical expedients when assessing whether modifications made to debt securities (under SSAP No. 26R and SSAP No. 43R) due to COVID-19 are insignificant. Specifically, the guidance proposes restructurings in response to
        COVID-19 are considered to be insignificant if the restructuring results in a 10% or less shortfall amount in the contractual amount due and does not extend the maturity of the investment by more than 3 years. This INT was effective for the period
        beginning March 1, 2020 and originally expired on December 31, 2020. In January 2021, the provisions in this INT were extended updating the effective period to be the earlier of January 1, 2022 or the date that is 60 days after the date on which
        the national emergency declared by the President terminates. This INT did not have a material impact to the Company.
•
INT 2020-08, COVID-19 Premium Refunds, Rate Reductions and Policyholder Dividends. This INT provides guidance for
        returns or benefits to policyholders. This INT did not impact the Company.
These INTs have an immaterial effect on the
        financial statements as of December 31, 2020. The Company will continue to monitor these INTs and assess impacts until they are nullified.
In July 2020, the NAIC adopted INT 20-09, Basis
        Swaps as a Result of the LIBOR Transition, to address the statutory accounting and reporting requirements for basis swaps issued by central clearing parties solely in response to the market-wide transition away from the London Interbank Offered
        Rate (LIBOR) and toward the Secured Oversight Financing Rate (SOFR). This INT allows basis swaps issued solely in response to reference rate reform to be classified as derivatives used for "hedging" and reported as admitted assets in the statutory
        financial statements. The INT is effective July 30, 2020 and was subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the INT.
In November 2020, the NAIC adopted revisions to SSAP
        No. 43R, Loan-Backed and Structured Securities. The revisions reflect the updated NAIC designation category for residential and commercial mortgage-backed securities that utilize the financial modeling guidance. The revisions were effective
        November 12, 2020 and were subsequently adopted by the Company. There was no impact on net income or surplus during the year ended December 31, 2020, as a result of adopting the INT.
23 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Recently Issued Accounting
        Standards – Adopted in 2019
In August 2019, the NAIC adopted revisions to SSAP
        No. 43R, Loan-Backed and Structured Securities. These revisions clarify that when a security has different NAIC designations by lot, the reporting entity shall either report the entire investment in a single reporting line at the lowest NAIC
        designation that would apply to a lot, or report the investment separately by purchase lot in the investment schedule. This update only affects investments with multiple lots at different ratings and would not require the entire schedule to be
        disclosed at a lot level. These revisions are effective as of September 30, 2019. There was no impact to net income or surplus during the year ended December 31, 2019, as a result of adopting the revised standard.
Recently Issued Accounting Standards – To Be Adopted
Not applicable.
Corrections of Errors
The Company records correction of errors in
        accordance with SSAP No. 3 –
Accounting Changes and Correction of Errors
(SSAP No. 3). SSAP No. 3 prescribes that the correction of errors in previously issued Statutory Financial Statements will be reported
        as an adjustment to capital and surplus in the period the error is detected. These errors are shown within Correction of errors, net of tax, on the Statutory Statements of Capital and Surplus.
During 2021, an error was identified related to the
        Company's calculation of scheduled payments for certain fixed-indexed annuity products. The model for policies who have elected the scheduled payment option always used an income period of 10 years. After payments are received, future benefits and
        therefore the remaining benefit period, should have reduced but did not. This resulted in the Company holding excess reserves after policyholders elected this option. The error resulted in a $50 pre-tax overstatement of policyholder liabilities for
        life policies and annuity contracts and a corresponding $40 after-tax understatement of total capital and surplus as of December 31, 2020. Policyholder liabilities for life policies and annuity contracts on the Company's financial statements were
        adjusted in 2021 to correct for the prior period impact.
During the years ended December 31, 2020, and 2019,
        there were no Corrections of errors recorded on the Statutory Statements of Capital and Surplus.
(4)
Risk Disclosures
The following is a description of the significant
        risks facing the Company and how it attempts to mitigate those risks:
(a)
Credit Risk
Credit risk is the risk that issuers of fixed-income
        securities, borrowers of mortgages on commercial real estate, or other parties with whom the Company has transactions, such as reinsurers and derivative counterparties, default on their contractual obligations, resulting in unexpected credit
        losses.
The Company mitigates this risk by adhering to
        investment policies and limits that provide portfolio diversification on an asset class, asset quality, creditor, and geographical basis, and by complying with investment limitations from applicable state insurance laws and regulations. The Company
        considers all relevant objective information available in estimating the cash flows related to structured securities. The Company actively monitors and manages exposures, and determines whether any securities are impaired. The aggregate credit risk
        is influenced by management's risk/return preferences, the economic and credit environment, and the ability to manage this risk through liability portfolio management.
For derivative counterparties, the Company mitigates
        credit risk by tracking and limiting exposure to each counterparty through limits that are reported regularly and, once breached, restricts further trades; establishing relationships with counterparties rated BBB+ and higher; and monitoring the CDS
        of each counterparty as an early warning signal to cease trading when credit default swap spreads imply severe impairment in credit quality.
The Company executes Credit Support Annexes (CSA)
        with all active and new counterparties which further limits credit risk by requiring counterparties to post collateral to a segregated account to cover any
24 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
counterparty exposure. Additionally most
        transactions are cleared through a clearinghouse thereby transferring counterparty risk from the bank to the clearinghouse that tends to have stronger credit. This often leads to increased collateralization and lower counterparty risk for the
        Company.
(b)    Credit Concentration Risk
Credit concentration risk is the risk of increased
        exposure to significant asset defaults (of a single security issuer); economic conditions (if business is concentrated in a certain industry sector or geographic area); or adverse regulatory or court decisions (if concentrated in a single
        jurisdiction) affecting credit.
The Company's Finance Committee, responsible for
        asset/liability management (ALM) issues, recommends an investment policy to the Company's Board of Directors (BOD) and approves the strategic asset allocation and accompanying investment mandates for an asset manager with respect to asset class.
        The investment policy and accompanying investment mandates specify asset allocation among major asset classes and the degree of asset manager flexibility for each asset class. The investment policy complies, at a minimum, with state statutes.
        Compliance with the policy is monitored by the Finance Committee who is responsible for implementing internal controls and procedures. Deviations from the policy are monitored and addressed. The Finance Committee and, subsequently, the BOD review
        the investment policy at least annually.
To further mitigate this risk, internal
        concentration limits based on credit rating and sector are established and are monitored regularly. Any ultimate obligor group exceeding these limits is placed on a restricted list to prevent further purchases, and the excess exposure may be
        actively sold down to comply with concentration limit guidelines. Any exceptions require Chief Risk Officer approval and monitoring by the Risk Committee. Further, the Company performs a quarterly concentration risk calculation to ensure compliance
        with the State of Minnesota insurance regulations.
(c)    Liquidity Risk
Liquidity risk is the risk that unexpected timing or
        amounts of cash needed will require liquidation of assets in a market that will result in a realized loss or an inability to sell certain classes of assets such that an insurer will be unable to meet its obligations and contractual guarantees.
        Liquidity risk also includes the risk that in the event of a company liquidity crisis, refinancing is only possible at higher interest rates. Liquidity risk can be affected by the maturity of liabilities, the presence of withdrawal penalties, the
        breadth of funding sources, and terms of funding sources. It can also be affected by counterparty collateral triggers as well as whether anticipated liquidity sources, such as credit agreements, are cancelable.
The Company manages liquidity within four specific
        domains: (1) monitoring product development, product management, business operations, and the investment portfolio; (2) setting ALM strategies; (3) managing the cash requirements stemming from the Company's derivative dynamic economic hedging
        activities; and (4) establishing liquidity facilities to provide additional liquidity. The Company has established liquidity risk limits, which are approved by the Company's Risk Committee, and the Company monitors its liquidity risk regularly. The
        Company also sets target levels for the liquid securities in its investment portfolio.
(d)    Interest Rate Risk
Interest rate risk is the risk that movements in
        interest rates or interest rate volatility will cause a decrease in the value of an insurer's assets relative to the value of its liabilities and/or an unfavorable change in prepayment activity resulting in compressed interest margins.
The Company has an ALM strategy to align cash flows
        and duration of the investment portfolio with policyholder liability cash flows and duration. The Company further limits interest rate risk on variable annuity guarantees through interest rate hedges. The Company monitors the economic and
        accounting impacts of interest rate sensitivities on assets and liabilities regularly.
(e)    Equity Market Risk
Equity market risk is the risk that movements in
        equity prices or equity volatility will cause a decrease in the value of an insurer's assets relative to the value of its liabilities.
25 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The policy value of the fixed-indexed universal
        life, fixed-indexed annuity, and variable-indexed annuity products is generally linked to equity market indices. The Company economically hedges this exposure with derivatives.
Variable annuity products guarantee minimum payments
        regardless of market movements. The Company has adopted an economic hedging program to manage the equity risk of these products.
The Company monitors the impacts of equity
        sensitivities on assets and liabilities regularly.
Basis risk is the risk that variable annuity hedge
        asset values change unexpectedly relative to the value of the underlying separate account funds of the variable annuity contracts. Basis risk may arise from the Company's inability to directly hedge the underlying investment options of the variable
        annuity contracts. The Company regularly reviews and synchronizes fund mappings, product design features, hedge design, and manages funds line-up.
(f)    Operational Risk
Operational risk is the risk of loss resulting from
        inadequate or failed internal processes and systems, from human misbehavior or error, or from external events. Operational risk is comprised of the following seven risk categories: (1) external fraud; (2) internal fraud; (3) employment practices
        and workplace safety; (4) clients/third-party, products and business practices; (5) damage to physical assets; (6) business disruption and system failure; and (7) execution, delivery, and process management. Operational risk is comprehensively
        managed through a combination of core qualitative and quantitative activities.
The Operational Risk Management framework includes
        the following key activities: (1) an Operational Risk Capital Model covering all material types of operational risks, under which the Company quantifies and regularly monitors operational risk; (2) loss data capture to create transparency and
        gather information about losses that meet a designated threshold. Business owners are required to identify and resolve the root cause of operational loss events; and (3) an integrated risk and control system, a bottom-up risk assessment process for
        significant operational risk scenarios, to proactively manage significant operational risk scenarios throughout the organization.
(g)    Regulatory Change Risk
Regulatory change risk is the risk that regulatory
        changes and imposed regulation may materially impact the Company's business model, sales levels, company financials and ability to effectively comply with regulations.
The Company actively monitors all regulatory changes
        and participates in national and international discussions relating to legal, regulatory, and accounting changes. The Company maintains active membership with various professional and industry trade organizations. A formal process exists to review,
        analyze, and implement new legislation as it is enacted.
(h)    Rating Agency Risk
Rating agency risk is the risk that rating agencies
        change their outlook or rating of the Company or a subsidiary of the Company. The rating agencies generally utilize proprietary capital adequacy models in the process of establishing ratings for the Company. The Company is at risk of changes in
        these models and the impact that changes in the underlying business that it is engaged in can have on such models. To mitigate this risk, the Company maintains regular communications with the rating agencies and evaluates the impact of significant
        transactions on such capital adequacy models and considers the same in the design of transactions to minimize the adverse impact of this risk. Rating agency capital is calculated and analyzed at least annually. Rating agency risk is also addressed
        in the TRA process and on an ad hoc basis as necessary.
(i)
Mortality/Longevity Risk
Mortality/longevity risk is the risk that mortality
        experience is different than the life expectancy assumptions used by the Company to price its products.
26 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The Company mitigates mortality risk primarily
        through reinsurance, whereby the Company cedes a significant portion of its mortality risk to third parties. The Company also manages mortality risk through the underwriting process. Both mortality and longevity risks are managed through the review
        of life expectancy assumptions and experience in conjunction with active product management.
(j)    Lapse Risk
Lapse risk is the risk that actual lapse experience
        evolves differently than the assumptions used for pricing and valuation exercises leading to a significant loss in Company value and/or income.
The Company mitigates this risk by performing
        sensitivity analysis at the time of pricing to affect product design, adding Market Value Adjustments and surrender charges when appropriate, regular ALM analysis, and exercising management levers at issue, as well as post-issue as experience
        evolves. Policyholder experience is monitored regularly.
(k)    Cyber Security Risk
Cyber security risk is the risk of losses due to
        external and/or internal attacks impacting the confidentiality, integrity, and/or availability of key systems, data, and processes reliant on digital technology. The Company has implemented preventative, detective, response, and recovery measures
        including firewalls, intrusion detection and prevention, advanced malware detection, spyware and anti-virus software, email protection, network and laptop encryption, web content filtering, web application firewalls, and regular scanning of all
        servers and network devices to identify vulnerabilities. Controls are implemented to prevent and review unauthorized access.
(l)    Reinsurance Risk
Reinsurance risk is the risk that reinsurance
        companies default on their obligation where the Company has ceded a portion of its insurance risk. The Company uses reinsurance to limit its risk exposure to certain business lines and to enable better capital management.
Reinsurance contracts do not relieve the Company
        from its obligations to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company.
The Company mitigates this risk by requiring certain
        counterparties to post collateral to cover the exposure and to meet thresholds related to the counterparty's credit rating, exposure, or other factors. For counterparties that are not initially required to post collateral, if the thresholds are not
        met by those counterparties, they are required to establish a trust or letter of credit backed by assets meeting certain quality criteria. All arrangements are regularly monitored to determine whether trusts or letters of credit are sufficient to
        support the ceded liabilities and that their terms are being met. In addition, the Company reviews the financial standings and ratings of its reinsurance counterparties and monitors concentrations of credit risk to minimize its exposure to
        significant losses from reinsurer insolvencies regularly.
27 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(5)
Investments
(a)    Bonds, Other Assets Receiving Bond Treatment, and Stocks
At December 31, the amortized cost, gross unrealized gains, gross
        unrealized losses, and fair values of investments, excluding investments in affiliates, are shown below:
2021
Amortized cost
Gross unrealized gains
Gross unrealized losses
Fair value
Bonds:
U.S.
                government
$
3,644
147
39
3,752
Agencies not backed by the full faith and credit of the U.S. government
299
—
—
299
States and
                political subdivisions
9,119
1,973
6
11,086
Foreign
                governments
1,619
75
16
1,678
Corporate
                securities
68,444
8,191
275
76,360
Mortgage-backed
                securities
11,645
564
26
12,183
Collateralized
                debt obligations
12
8
—
20
Total bonds
94,782
10,958
362
105,378
Common stocks
278
27
2
303
Preferred stocks
—
—
—
—
Total
$
95,060
10,985
364
105,681
2020
Amortized cost
Gross unrealized gains
Gross unrealized losses
Fair value
Bonds:
U.S.
                government
$
3,318
300
10
3,608
Agencies not backed by the full faith and credit of the U.S. government
3
1
—
4
States and
                political subdivisions
9,536
2,335
2
11,869
Foreign
                governments
1,138
125
2
1,261
Corporate
                securities
70,975
12,730
90
83,615
Mortgage-backed
                securities
14,126
1,232
9
15,349
Collateralized
                debt obligations
17
12
—
29
Total bonds
99,113
16,735
113
115,735
Common stocks
217
18
1
234
Preferred stocks
41
2
—
43
Total
$
99,371
16,755
114
116,012
At December 31, 2021, amortized cost differed from the carrying
        value of bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus due to NAIC-6 rates bonds where the market value was lower than amortized cost. The total unrealized losses recorded by the Company for these bonds
        was an insignificant amount as of December 31, 2021 and 2020.
The Company had NAIC-6 rated bonds with a statement
        value of $26 and $3 as of December 31, 2021 and 2020, respectively. There was no interest due on bonds in default, which was excluded from investment income due and accrued as of December 31, 2021 and 2020.
At December 31, 2021 and 2020, the Company had
        hybrid securities with a carrying value of $17 and $30, respectively.
28 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
As of December 31, 2021 and 2020, investments with a
        statement value of $31 and $23, respectively, were held on deposit with various insurance departments and in other trusts as required by statutory regulations.
The amortized cost and fair value of bonds and other
        assets receiving bond treatment reported in the statutory Annual Statement Schedule D Part 1A at December 31, 2021, by contractual maturity, are shown below:
Carrying
value
Fair value
Due in 1 year or less
$
1,707
$
1,716
Due after 1 year through
                5 years
9,030
9,592
Due after 5 years
                through 10 years
17,877
19,148
Due after 10 years
                through 20 years
25,696
29,965
Due after 20 years
27,949
31,836
No maturity date
866
918
Mortgage-backed and other structured securities
11,657
12,203
Total bonds and
                other assets receiving bond treatment
$
94,782
$
105,378
Expected maturities will differ from contractual
        maturities, because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Proceeds from sales of bonds includes sales,
        maturities, paydowns, and other redemptions of bonds and other assets receiving bond treatment. Proceeds from sales of bonds for the years ended December 31 are shown below:
2021
2020
2019
Proceeds from sales
$
30,577
8,677
15,892
Gross gains
1,313
162
75
Gross losses
101
28
34
Proceeds from sales of common stocks for the years
        ended December 31 are shown below:
2021
2020
2019
Proceeds from sales
$
241
147
111
Gross gains
11
3
2
Gross losses
—
2
2
Proceeds from sales of preferred stocks for the
        years ended December 31 are shown below:
2021
2020
2019
Proceeds from sales
$
40
—
2
Gross gains
1
—
—
Gross losses
—
—
—
For the years ended December 31, 2021 and 2020,
        there were 207 and 138 CUSIPs sold, disposed, or otherwise redeemed as a result of a callable feature, respectively. The aggregate amount of investment income generated as a result of these transactions was $182 and $56 for 2021 and 2020,
        respectively.
The Company's bond portfolio includes
        mortgage-backed securities. Due to the high quality of these investments and the lack of subprime loans within the securities, the Company does not have a material exposure to subprime mortgages.
29 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(b)    Unrealized Investment Losses
To determine whether or not declines in fair value
        are other than temporary, the Company performs a quarterly review of its entire combined investment portfolio, including investments held by subsidiaries, using quoted market prices by third-party sources. For further discussion, see Notes 2 and 6.
Unrealized losses and the related fair value of
        investments held by the Company for the years ended December 31 are shown below:
2021
12 months or less
Greater than 12 months
Total
Fair value
Unrealized losses
Fair value
Unrealized losses
Fair value
Unrealized losses
Bonds:
U.S.
                government
$
396
17
272
22
668
39
Foreign
                government
513
13
41
3
554
16
States and
                political subdivisions
208
5
21
1
229
6
Corporate
                securities
9,417
207
1,083
68
10,500
275
Mortgage-backed
                securities
977
19
124
7
1,101
26
Total bonds
11,511
261
1,541
101
13,052
362
Common stock
53
2
3
—
56
2
Total
                temporarily impaired securities
$
11,564
263
1,544
101
13,108
364
2020
12 months or less
Greater than 12 months
Total
Fair value
Unrealized losses
Fair value
Unrealized losses
Fair value
Unrealized losses
Bonds:
U.S.
                government
$
374
10
—
—
374
10
Foreign
                government
51
2
—
—
51
2
States and
                political subdivisions
85
2
—
—
85
2
Corporate
                securities
2,085
78
578
12
2,663
90
Mortgage-backed
                securities
158
5
41
4
199
9
Total bonds
2,753
97
619
16
3,372
113
Common stock
7
—
9
1
16
1
Total
                temporarily impaired securities
$
2,760
97
628
17
3,388
114
As of December 31, 2021 and 2020, the number of investment holdings
        that were in an unrealized loss position was 1,513 and 472, respectively, for bonds, and 21 and 13, respectively, for common stocks.
As of December 31, 2021 and 2020, of the total
        amount of unrealized losses, $319, or 87.5%, and $76, or 67.7%, respectively, are related to unrealized losses on investment grade securities. Investment grade is defined as a security having an NAIC SVO credit rating of 1 or 2. Unrealized losses
        on securities are principally related to changes in interest rates or changes in sector spreads from the date of purchase. As contractual payments continue to be met, management continues to expect all contractual cash flows to be received and does
        not consider these investments to be other-than-temporarily impaired.
30 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(c)    Realized Investment Gains (Losses)
Net realized capital gains (losses) for the years
        ended December 31 are shown below:
2021
2020
2019
Bonds
$
1,199
(120)
13
Stocks
11
2
—
Mortgage Loans
(8)
(34)
—
Derivatives
1,883
202
1,062
Other
(39)
(1)
(2)
Total
                realized capital gains (losses)
3,046
49
1,073
Income tax benefit
                (expense) on net realized gains (losses)
(249)
—
11
Total
                realized capital gains (losses), net of taxes
2,797
49
1,084
Net gains (losses)
                transferred to IMR, net of taxes
941
(93)
31
Net realized
                gains (losses), net of taxes and IMR
$
1,856
142
1,053
(d)    Net Investment Income
Major categories of net investment income for the
        years ended December 31 are shown below:
2021
2020
2019
Interest:
Bonds
$
4,233
4,189
4,319
Mortgage
                loans on real estate
682
647
617
Policy loans
12
12
11
Cash, cash
                equivalents, and short-term investments
—
7
23
Dividends:
Stocks
13
7
7
Investment
                in subsidiaries
51
50
67
Rental income on real
                estate
20
20
13
Derivatives
37
(14)
(109)
Other
(92)
47
(7)
Gross
                investment income
4,956
4,965
4,941
Investment expenses
(137)
(138)
(146)
Net
                investment income before amortization of IMR
4,819
4,827
4,795
Amortization of IMR
47
37
44
Net
                investment income
$
4,866
4,864
4,839
(e)    Mortgage Loans on Real Estate
The Company's investment in mortgage loans on real
        estate includes CMLs and RMLs at December 31, 2021 and 2020.
At December 31, 2021 and 2020, the Company's CML
        portfolio includes concentrations exceeding 10% for the following states:
2021
2020
Concentration Amount
Concentration %
Concentration Amount
Concentration %
California
$
3,605
22.9
%
$
3,356
22.6
%
31 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The maximum lending rates for CMLs made during 2021
        and 2020 were 4.5% and 4.1%, respectively. The minimum lending rates for CMLs made during 2021 and 2020 were 1.7% and 2.2%, respectively. The maximum percentage of any one loan to the value of security at the time of the loan extension exclusive of
        insured, guaranteed or purchased money mortgages was 77.6% and 84.8% during 2021 and 2020, respectively.
At December 31, 2021 and 2020, the Company's RML
        portfolio includes concentrations exceeding 10% for the following states:
2021
2020
Concentration Amount
Concentration %
Concentration Amount
Concentration %
California
$
500
35.6
%
$
353
46.3
%
Florida
—
—
%
80
10.4
%
The maximum lending rates for RMLs made during 2021
        and 2020 was 11.0% and 8.3%. The minimum lending rates for RMLs made during 2021 and 2020 was 2.8% and 3.0%. The maximum percentage of any one loan to the value of security at the time of the loan extension exclusive of insured, guaranteed or
        purchased money mortgages for RMLs was 94.8% and 93.3% during 2021 and 2020.
As of December 31, 2021 and 2020, there were no
        taxes, assessments, or amounts advanced that were excluded from the mortgage loan investment total.
(1)    Age
        Analysis of Mortgage Loans
The following table presents an age analysis of the
        Company's mortgage loan investments as of December 31, 2021 and 2020 by type:
2021
2020
Residential
Commercial
Residential
Commercial
Current
$
1,364
15,732
693
14,813
30-59 Days Past Due
14
—
18
—
60-89 Days Past Due
2
—
2
—
90-179 Days Past Due
11
—
4
—
180+ Days Past Due
15
16
47
57
Total
$
1,406
15,748
764
14,870
For mortgage loans investments greater than 90 days
        past due and still accruing interest, the recorded investment and interest accrued as of December 31, 2021 and 2020 are shown below by type:
2021
2020
Residential
Commercial
Residential
Commercial
Accruing Interest 90-179
                Days Past Due
Recorded
                Investment
$
—
—
2
—
Interest
                Accrued
—
—
—
—
Accruing Interest 180+
                Days Past Due
Recorded
                Investment
—
—
—
—
Interest
                Accrued
—
—
—
—
There were no mortgage loan investments for which
        interest was reduced as of December 31, 2021 and 2020.
As of December 31, 2021 and 2020 there were no RMLs
        in which the Company participated as a co-lender in a mortgage loan agreement. As of December 31, 2021 and 2020, for CML investments, the recorded investment for which the Company participated as a co-lender in a mortgage loan agreement was $2,471
        and $1,979, respectively.
32 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(2) Impaired
        Mortgage Loans
For the years ended December 31, 2021, and 2020, the
        recorded investment in impaired CMLs was $16, and $25, respectively. These amounts also represent the average recorded investment in impaired mortgage loans for the year ended December 31, 2021, and 2020. There was no related allowance for credit
        losses on these investments and the Company did not participate as a co-lender in the related mortgage loan agreement. In addition, the impaired CMLs were not in nonaccrual status and no interest income recognized using a cash-basis method of
        accounting during the time that the loan was impaired. There was no recorded investment in impaired RMLs for the years ended December 31, 2021, and 2020.
There was $0, $1 and $0 interest income recognized
        on impaired mortgage loans as of December 31, 2021, 2020 and 2019, respectively. The Company recognizes interest income on its impaired mortgage loans upon receipt of payment.
As of December 31, 2021 and 2020, the Company
        derecognized mortgage loans as a result of foreclosure of $4 and $0, respectively.
(3) Credit Quality Indicators
The Company analyzes certain financing receivables
        for credit risk by using specific credit quality indicators. The Company has determined the loan-to-value ratio and the debt service coverage ratio are the most reliable indicators in analyzing the credit risk of its CML portfolio. The
        loan-to-value ratio is based on the Company's internal valuation methodologies, including discounted cash flow analysis and comparative sales, depending on the characteristics of the property being evaluated. The debt service coverage ratio
        analysis is normalized to reflect a 25 year amortization schedule.
The credit quality of CMLs as of December 31 is
        shown below:
Debt Service Coverage Ratios
2021:
Greater than 1.4x
1.2x – 1.4x
1.0x – 1.2x
Less than 1.0x
Total
Percent of Total
Loan-to-value ratios:
Less than 50%
$
4,528
59
98
663
5,348
34.0
%
50% – 60%
4,459
775
249
824
6,307
40.0
%
60% – 70%
2,077
1,099
281
444
3,901
24.8
%
70% – 80%
23
89
35
29
176
1.1
%
80% – 90%
—
—
—
—
—
—
%
90% – 100%
—
—
—
—
—
—
%
Greater than
                100%
—
—
16
—
16
0.1
%
Total
$
11,087
2,022
679
1,960
15,748
100.0
%
Debt Service Coverage Ratios
2020:
Greater than 1.4x
1.2x – 1.4x
1.0x – 1.2x
Less than 1.0x
Total
Percent of Total
Loan-to-value ratios:
Less than 50%
$
3,992
73
52
622
4,739
31.9
%
50% – 60%
4,477
770
132
359
5,738
38.6
%
60% – 70%
2,288
905
273
582
4,048
27.2
%
70% – 80%
—
163
102
35
300
2.0
%
80% – 90%
—
—
21
—
21
0.1
%
90% – 100%
—
—
—
—
—
—
%
Greater than
                100%
—
—
25
—
25
0.2
%
Total
$
10,757
1,911
605
1,598
14,871
100.0
%
33 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The Company has determined the delinquency status
        and the loan-to-value ratio are the most reliable indicators in analyzing the credit risk of its RML portfolio. The loan-to-value ratio is based on the Company's internal valuation methodologies, including discounted cash flow analysis and
        comparative sales, depending on the characteristics of the property being evaluated.
The loan-to-value ratios of RMLs as of December 31 are shown below:
2021
2020
Total
Percent of Total
Total
Percent of Total
Loan-to-value ratios:
Below 70%
$
353
25.1
%
$
165
21.6
%
71% to 80%
705
50.1
%
381
49.9
%
81% to 90%
316
22.5
%
206
27.0
%
91% to 95%
33
2.3
%
12
1.6
%
Above 95%
—
—
%
—
—
%
Total
$
1,407
100.0
%
$
764
100.0
%
(f)    Loan-Backed Securities
SSAP No. 43R requires the bifurcation of impairment
        losses on loan-backed or structured securities into interest and noninterest-related portions. The noninterest portion is the difference between the present value of cash flows expected to be collected from the security and the amortized cost basis
        of the security. The interest portion is the difference between the present value of cash flows expected to be collected from the security and its fair value at the balance sheet date.
The Company recognized loan-backed securities in
        OTTI for the year ended December 31, 2021 as follow:
2021
OTTI Recognized in Loss
Amortized Cost Basis Before OTTI
Interest
Non-Interest
Fair Value
OTTI Recognized:
Intent to sell
$
41
3
—
38
Annual aggregate
                total
$
41
3
—
38
The Company had no loan-backed securities recognized
        in OTTI for the years ended December 31, 2020 and 2019.
(g)    Derivatives and Hedging Instruments
The Company uses exchange-traded and OTC derivative
        instruments as a risk management strategy to economically hedge its exposure to various market risks associated with both its products and operations. Derivative assets and liabilities that do not qualify for hedge accounting treatment are recorded
        at fair value in the Statutory Financial Statements using valuation techniques further discussed in Note 6.
The Company does not have derivative contracts with
        financing premium as of December 31, 2021 and 2020.
Derivatives held by the Company are designated as
        either a cash flow hedging instrument (cash flow hedge) or nonqualified hedging instrument (nonqualifying strategies).
34 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(1) Cash Flow Hedges
Foreign Currency Swaps on Debt Securities
Foreign currency swaps have notional amounts and
        maturity dates equal and offsetting to the underlying debt securities and are determined to be highly effective as of December 31, 2021 and 2020.
(2) Fair Value Hedges
Interest Rate Swaps on Variable Annuity Insurance
        Liabilities
IRS traded after June 2013 are centrally cleared
        through an exchange. For IRS traded prior to June 2013 the IRS exposure was netted with other OTC derivatives upon settlement and were subject to the rules of the International Swaps and Derivatives Association, Inc. agreements. The fair values of
        the collateral posted for OTC and exchange traded derivatives are discussed in the derivative collateral management section below.
Prior to January 1, 2020, the Company designated
        hedge accounting for these IRS as a cash flow hedge under SSAP No. 86. The amounts previously recorded under the SSAP No. 86 relationship continue to be deferred and amortized over the life of the former hedge program. Effective January 1, 2020,
        the Company de-designated its previous hedging relationship under SSAP No. 86 and simultaneously designated the hedging relationship under SSAP No. 108 as a fair value hedge. The relationship is deemed to be highly effective at December 31, 2021.
(3) Nonqualifying Strategies
Futures and Options Contracts
OTC options and ETO are cleared through the Options
        Clearing Corporation, which operates under the jurisdiction of both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission. The fair values of the collateral posted for futures, OTC options, and ETO are
        discussed in the derivative collateral management section below.
Interest Rate Swaps
The Company can receive the fixed or variable rate;
        IRS are traded in varying maturities. The fair values of the collateral posted and variation margin for OTC and centrally cleared IRS are discussed in the derivative collateral management section below.
Credit Default Swaps
The CDS within the investment portfolios assume credit risk from a single entity or
        referenced index for the purpose of synthetically replicating investment transactions. The Company can be required to pay or be the net receiver on the contract depending on the net position. Credit events include bankruptcy of the reference and
        failure to pay by the reference. Prior to January 1, 2021, the notional amount is equal to the maximum potential future loss amount. Beginning January 1, 2021, the Company updated the potential future exposure (PFE) to zero, as PFE is not
        determinable. The PFE is zero for the following reasons:
(a) CDS are used to hedge indices allocated to products by policyholders.
        Fluctuations in value of the CDS are offset by credits provided to policyholders and results in a minimal amount of hedge inefficiency. It is impossible to determine the potential future amount of hedge inefficiency.
(b) The CDS used are exchange traded and daily
        variation margin is required to settle market movements. This minimizes counterparty credit risk. It also makes it impossible to determine what the potential future exposure related to counterparty risk, net of variation margin received could be.
The fair value of the collateral posted for
        centrally cleared CDS is discussed in the derivative collateral management section below.
35 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Total Return Swaps
The Company engages in the use of OTC TRS,
which allow the parties to exchange cash flows based on a variable reference rate such as the three-month LIBOR
        and the return of an underlying index.
The fair value of the collateral posted for OTC TRS is discussed in the derivative
        collateral management section below.
To Be Announced Securities
The Company uses OTC TBA forward contracts to gain
        exposure to the investment risk and return of mortgage-backed securities. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. The fair value of the collateral posted
        for OTC TBA securities is discussed in the derivative collateral management section below.
The following table presents a summary of the
        aggregate notional amounts and fair values of the Company's derivative instruments reported on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus as of December 31:
2021
2020
Gross Fair Value
Gross Fair Value
Notional
(1)
Assets
Liabilities
Notional
(1)
Assets
Liabilities
Cash flow hedging
                instruments
Foreign currency swaps
$
1,583
81
(33)
1,341
56
(76)
Total cash
                flow hedging instruments
$
81
(33)
56
(76)
Fair value hedging
                instruments
IRS
$
2,696
305
3,511
2,709
472
(40)
Total fair
                value hedging instruments
$
305
3,511
$
472
(40)
Nonqualifying hedging
                instruments
OTC options
$
55,270
2,174
(1,822)
51,430
3,433
(3,013)
ETO
19,388
114
(119)
15,224
136
(96)
TBA securities
1,987
—
—
1,331
1
(1)
IRS
2,233
8
(3,545)
2,631
9
(18)
Futures
19,591
—
—
19,312
—
—
TRS
6,633
—
(15)
11,653
7
(18)
Total
                nonqualifying hedging instruments
2,296
(5,501)
3,586
(3,146)
Total derivative
                instruments
$
2,682
(2,023)
4,114
(3,262)
(1)
Notional amounts are presented on an absolute basis.
Derivative Collateral Management
The Company manages derivative collateral for the
        general account and separate account combined and separate collateral for exchange-traded and OTC derivatives. The total collateral posted for exchange-traded derivatives at December 31, 2021 and 2020, had a fair value of $2,432 and $2,476,
        respectively, and is included in Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus and recorded at amortized cost. The Company retains ownership of the exchange-traded collateral, but the collateral resides
        in an account designated by the exchange. The collateral is subject to specific exchange rules regarding rehypothecation. The total collateral posted for OTC derivatives at December 31, 2021 and 2020, had a fair value of $2 and $3, respectively,
        and is included in Bonds on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The Company posts collateral to OTC counterparties based upon exposure amounts. The Company retains ownership of the OTC collateral.
36 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(h)    Offsetting Assets and Liabilities
The Company elects to disclose derivative assets and
        liabilities eligible for offset under SSAP No. 64 –
Offsetting and Netting of Assets and Liabilities
on a gross basis on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus in accordance with the provisions
        set forth in SSAP No. 86. This treatment is consistent with the Company's historical reporting presentation.
(i)    Securities Lending
The Company loaned securities with a carrying value
        of $2,809 and $2,212 and a fair value of $3,022 and $2,610 as of December 31, 2021 and 2020, respectively. The aggregate amount of collateral received through securities lending at December 31 is as follows:
Fair Value
2021
2020
Cash
Open
2,594
2,587
30 days or
                less
—
—
31 to 60
                days
—
—
61 to 90
                days
—
—
Greater than
                90 days
—
—
Subtotal
2,594
2,587
Securities received
500
86
Total
                collateral received
$
3,094
2,673
The aggregate amount of cash collateral reinvested
        through securities lending at December 31 is as follows:
2021
2020
Amortized cost
Fair value
Amortized cost
Fair value
Open
—
—
—
—
30 days or less
949
949
950
950
31 to 60 days
837
837
955
955
61 to 90 days
61
61
66
66
91 to 120 days
162
162
—
—
121 to 180 days
308
308
143
143
181 to 365 days
277
277
473
473
Greater than 1 year
—
—
—
—
Total
                collateral reinvested
$
2,594
2,594
2,587
2,587
As of December 31, 2021 and 2020, the Company had no
        borrowings outstanding from collateral securities lending.
Reinvested collateral is recorded in Other invested
        assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. The amount and type of reinvested collateral at December 31 is as follows:
2021
2020
Cash and cash
                equivalents
$
1,665
1,630
Short-term investments
929
957
Total
$
2,594
2,587
37 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(j)     Reverse Repurchase
        Agreements
The Company participates in both bilateral and
        tri-party repos. As of December 31, 2021 and 2020, the Company did not sell or acquire any securities that resulted in default. The Company did not recognize a liability to return cash collateral as of December 31, 2021 and 2020.
All collateral received, as of December 31, 2021 and
        2020, were bonds with a designated NAIC-1 rating. Further information related to repos for the years ended December 31, 2021 and 2020, is as follows:
As of year end
2021
2020
1. Maturity
a. Overnight
$
1,161
430
b. 2 Days to 1 Week
—
—
2. Collateral Pledged and Securities Acquired Under Repo
a. Cash Collateral Pledged - Secured Borrowing
$
1,161
430
b. Fair Value of Securities Acquired Under Repo - Secured Borrowing
1,161
435
Maximum Amount
2021
2020
1. Maturity
a. Overnight
$
1,161
2,878
b. 2 Days to 1
                Week
—
—
2. Collateral
                Pledged and Securities Acquired Under Repo
a. Cash
                Collateral Pledged - Secured Borrowing
$
1,161
2,878
b. Fair Value
                of Securities Acquired Under Repo - Secured Borrowing
1,161
2,906
(k)    Non-insurance SCA
        Investments
A summary of the Company's SSAP No. 97 –
Investments in Subsidiary, Controlled and Affiliated Entities
, non-insurance SCA investments, including their respective asset value and NAIC filing information, as of December 31, 2021 is as follows:
SCA Name
Gross Asset
Non-Admitted Asset
Net Admitted Assets
NAIC Filing Date
NAIC Filing Type
NAIC Filing Balance
Re-submission Required?
AZLPF
$
789
—
789
5/25/2021
S2
777
N
Total
$
789
—
789
XXX
XXX
777
XXX
(l)    FHLB Agreements
The Company held Class A FHLB membership stock of
        $10 and $10 at December 31, 2021 and 2020 and activity stock of $80 and $60 at December 31, 2021 and 2020, respectively. The Company has a fully collateralized borrowings with a balance of $2,000 and $1,500 as of December 31, 2021 and 2020 which is
        recorded in Borrowed money on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. All FHLB transaction activity occurs in the Company's general account.
Securities collateral pledged to FHLB at December 31 is as follows:
2021
2020
Carrying value
$
1,988
1,336
Fair value
2,381
1,736
The maximum of collateral pledged to FHLB during the year ended
        December 31 was as follows:
2021
2020
Carrying value
$
4,290
1,994
Fair value
5,052
2,254
38 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
As of December 31, 2021 and 2020, the Company had
        $2,000 and $1,500, respectively, in total borrowing capacity under its agreement with the FHLB. The maximum amount of aggregate borrowing from FHLB during the years ended December 31, 2021 and 2020 was $4,000 and $2,000, respectively. Borrowings
        are not subject to prepayment penalties. Outstanding borrowings as of December 31, 2021, were issued on various dates ranging from October 17, 2016 to December 20, 2021 and interest rates on those borrowings range from 0.2% to 3.2%. Interest paid
        on borrowings was $17 and $15 for the year ended December 31, 2021 and 2020 .
(m)    Restricted Assets
As of December 31, 2021 and 2020, the Company had
        the following restricted assets, including assets pledged to others as collateral:
Gross Restricted
Percentage
Total general account
Total from prior year
Increase (decrease)
Total current year
                admitted restricted
Gross restricted to total assets
Admitted restricted to total admitted assets
Collateral held under
                security lending arrangements
$
3,094
2,673
421
3,094
1.8
%
1.8
%
FHLB Capital Stock
90
70
20
90
—
—
On deposit with states
4
4
—
4
—
—
On deposit with other
                regulatory bodies
27
19
8
27
—
—
Pledged as collateral to
                FHLB (including assets backing funding agreements)
1,988
1,336
652
1,988
1.1
1.1
Derivative collateral
2,338
2,266
72
2,338
1.3
1.3
Modco Assets
25,773
—
25,773
25,773
14.8
14.9
Total restricted
                assets
$
33,314
6,368
26,946
33,314
19.0
%
19.1
%
(n)    Low Income Housing Tax Credits
As of December 31, 2021 the Company had various
        LIHTC investments with a range of 4 to 13 remaining years of unexpired tax credits and no required holding period.
The amount of tax credits and other tax benefits
        recognized during the years ended December 31, 2021, 2020 and 2019 is $44, $38, and $29, respectively.
The balance of the investment recognized in the
        Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus for the years ended December 31, 2021 and 2020 is $503 and $403, respectively.
Additionally, the Company's LIHTC investments
        require a commitment of capital. The Company has open capital commitments of $271 and $199 at December 31, 2021 and 2020, respectively, which are recorded as an unfunded commitment liability in other liabilities. LIHTC commitments are considered an
        open capital commitment beginning when the Company formally commits to fund the LIHTC, but they are not recorded as an unfunded commitment asset and liability until the Company has begun funding the LIHTC.
(o)    5GI Securities
As of December 31, 2021 and 2020, details regarding
        the Company's 5GI securities are as follows:
2021
2020
Number of Securities
Aggregate Book Adjusted Carrying Value
Aggregate Fair Value
Number of Securities
Aggregate Book Adjusted Carrying Value
Aggregate Fair Value
Bonds
—
$
—
—
—
$
—
—
Loan-backed and
                structured securities
—
—
—
1
1
1
Total
—
$
—
—
1
$
1
1
39 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(6)    Fair Value Measurements
SSAP No. 100R –
Fair Value
establishes a fair value hierarchy that prioritizes the inputs used in the valuation techniques to measure fair value.
Level 1 –     Unadjusted quoted
        prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.
Level 2 –     Valuations derived
        from techniques that utilize observable inputs, other than quoted prices included in Level 1, which are observable for the asset or liability either directly or indirectly, such as:
(a)    Quoted prices for similar assets or
        liabilities in active markets.
(b)    Quoted prices for identical or similar assets
        or liabilities in markets that are not active.
(c)    Inputs other than quoted prices that are
        observable.
(d)    Inputs that are derived
        principally from or corroborated by observable market data by correlation or other means.
Level 3 –     Valuations derived
        from techniques in which the significant inputs are unobservable. Level 3 fair values reflect the Company's own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about
        risk).
The Company has analyzed the valuation techniques
        and related inputs, evaluated its assets and liabilities reported at fair value, and determined an appropriate fair value hierarchy level based upon trading activity and the observability of market inputs. Based on the results of this evaluation
        and investment class analysis, each financial asset and liability was classified into Level 1, 2, or 3.
The following presents the assets and liabilities
        measured at fair value on a recurring basis and their corresponding level in the fair value hierarchy at December 31:
2021
Level 1
Level 2
(a)
Level 3
Total
Assets
                at fair value:
Bonds
$
—
3
—
3
Common stocks
$
213
—
—
213
Derivative
                assets
114
2,644
—
2,758
Separate
                account assets
21,319
7,043
—
28,362
Total assets
                reported at fair value
21,646
9,690
—
31,336
Liabilities
                at fair value:
Derivative
                liabilities
119
1,894
15
2,028
Separate
                account derivative liabilities
—
5,329
—
5,329
Total
                liabilities reported at fair value
$
119
7,223
15
7,357
(a)
The Company does not have any assets or liabilities measured at net asset value (NAV) that are included in Level 2 within this
                  table.
40 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
2020
Level 1
Level 2
(a)
Level 3
Total
Assets
                at fair value:
Bonds
$
—
4
—
4
Common stocks
163
—
1
164
Derivative
                assets
136
4,036
7
4,179
Separate
                account assets
21,789
11,408
—
33,197
Total assets
                reported at fair value
22,088
15,448
8
37,544
Liabilities
                at fair value:
Derivative
                liabilities
96
3,161
18
3,275
Separate
                account derivative liabilities
—
10,332
—
10,332
Total
                liabilities reported at fair value
$
96
13,493
18
13,607
(a)
The Company does not have any assets or liabilities measured at NAV that are included in Level 2 within this table.
The following is a discussion of the methodologies used to
        determine fair values for the assets and liabilities listed in the above table. These fair values represent an exit price (i.e., what a buyer in the marketplace would pay for an asset in a current sale or charge to transfer a liability). The
        Company has not made changes to valuation techniques in 2021.
(a)    Valuation of Bonds and Unaffiliated Stock
The fair value of bonds is based on quoted market
        prices in active markets when available. Based on the market data, the securities are categorized into asset class, and based on the asset class of the security, appropriate pricing applications, models and related methodology, and standard inputs
        are utilized to determine what a buyer in the marketplace would pay for the security in a current sale. When quoted prices are not readily available or in an inactive market, standard inputs used in the valuation models, listed in approximate order
        of priority, include, but are not limited to, benchmark yields, reported trades, Municipal Securities Rulemaking Board reported trades, Nationally Recognized Municipal Securities Information Repository material event notices, broker-dealer quotes,
        issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and industry and economic events. In some cases, including private placement securities and certain difficult-to-price securities, internal pricing models may be
        used that are based on market proxies. Internal pricing models based on market spread and U.S. Treasury rates are used to value private placement holdings. The primarily unobservable input used in the discounted cash flow models for states and
        political subdivisions, foreign government, and corporate bonds is a corporate index option adjusted spread (OAS). CDO and certain mortgage-backed securities are priced by a third-party vendor and the Company internally reviews the valuation for
        reasonableness. The Company does not have insight into the specific inputs; however, the key unobservable inputs would generally include default rates.
Generally, U.S. Treasury securities and
        exchange-traded stocks are included in Level 1. Most bonds for which prices are provided by third-party pricing sources are included in Level 2, because the inputs used are market observable. Bonds for which prices were obtained from broker quotes,
        certain bonds without active trading markets and private placement securities that are internally priced are included in Level 3.
The fair value of unaffiliated common stocks is
        based on quoted market prices in active markets when available and included in Level 1. When quoted prices are not readily available or in an inactive market, the Company arrives at fair value utilizing internal pricing models based on available
        market inputs or obtains valuations from third party brokers or investment managers. Such investments may be categorized in Level 2 or Level 3. The primary unobservable input used to value common stock are indicative quotes received from
        third-party vendors.
41 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The fair value of unaffiliated preferred stocks is
        based on quoted market prices in active markets. When available, such investments are included in Level 1. When quoted prices are not readily available or in an inactive market, the Company arrives at fair value utilizing internal pricing models
        based on available market inputs. Such investments may be categorized in Level 2 or Level 3.
(b)    Valuation of Derivatives
Active markets for OTC options do not exist. The
        fair value of OTC options is derived internally, by calculating their expected discounted cash flows, using a set of calibrated, risk-neutral stochastic scenarios, including a market data monitor, a market data model generator, a stochastic
        scenario calibrator, and the actual asset pricing calculator. The valuation results are reviewed by Management via the Pricing Committee. OTC options that are internally priced, foreign currency swaps, credit default swaps (CDS), To Be Announced
        (TBA) securities, and interest rate swaps (IRS) are included in Level 2, because they use market observable inputs. TRS are included in Level 3 because they use valuation techniques in which significant inputs are unobservable. The fair value of
        ETOs and futures are based on quoted market prices and are generally included in Level 1.
Certain derivatives are priced using external
        third-party vendors. The Company has controls in place to monitor the valuations of these derivatives. Using market observable inputs, IRS prices are derived from a third-party source and are independently recalculated internally and reviewed for
        reasonableness at the position level on a monthly basis. TRS prices are obtained from the respective counterparties. These prices are also internally recalculated and reviewed for reasonableness at the position level on a monthly basis. The Company
        does not have insight into the specific inputs used by third-party vendors; however, the key unobservable input would generally include the spread.
(c)    Valuation of Separate Account Assets and
        Separate Account Derivative Liabilities
Separate account assets and Separate account
        derivative liabilities, with the exception of certain bonds, cash, cash equivalents, and investment income due and accrued, are carried at fair value, which is based on the fair value of the underlying assets which are described throughout this
        note. Funds in the separate accounts are primarily invested in variable investment option funds with the following investment types: bond, domestic equity, international equity, or specialty. Variable investment option funds are included in Level 1
        because their fair value is based on quoted prices in active, observable markets. The remaining investments are categorized similar to the investments held by the Company in the general account (e.g., if the separate account invested in bonds,
        short-term investments and derivatives, that portion could be classified within Level 2 or Level 3). Certain bonds, cash, and cash equivalents, along with related accrued investment income, carried at amortized cost within the separate account have
        an amortized cost of $19,917 and $12,704 as of December 31, 2021 and 2020, respectively, and a fair value of $20,719 and $13,689 as of December 31, 2021 and 2020, respectively. Separate account assets carried at amortized cost are included in the
        table in section 6(h) below.
(d)    Level 3 Rollforward
The following table provides a reconciliation of the
        beginning and ending balances for the Company's Level 3 assets and liabilities measured at fair value on a recurring basis:
42 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
January 1, 2021
Transfers into
Level 3
Transfers out
of Level 3
Total gains
and (losses)
included in
Net Income
Total gains
and (losses)
included in
Surplus
Purchases, issuances, sales and settlements
December 31, 2021
Preferred stocks
—
41
—
—
—
(41)
—
Common stocks
1
—
—
—
—
(1)
—
TRS assets
7
—
—
297
(7)
(297)
—
Total Level 3
                Assets
8
—
—
297
(7)
(298)
—
TRS liabilities
(18)
—
—
(423)
3
423
(15)
Total Level 3
                Liabilities
$
(18)
—
—
(423)
3
423
(15)
January 1, 2020
Transfers into
Level 3
Transfers out
of Level 3
Total gains
and (losses)
included in
Net Income
Total gains
and (losses)
included in
Surplus
Purchases, issuances, sales and settlements
December 31, 2020
Common stocks
1
—
—
—
—
1
TRS assets
1
—
—
960
6
(960)
7
Total Level 3
                Assets
2
—
—
960
6
(960)
8
TRS liabilities
(13)
—
—
(568)
(5)
568
(18)
Total Level 3
                Liabilities
$
(13)
—
—
(568)
(5)
568
(18)
(e)    Transfers
The Company reviews its fair value hierarchy
        classifications annually. Transfers between levels occur when there are changes in the observability of inputs and market activity.
All transfers into Level 3 were a result of
        observable inputs no longer being considered reliable or could no longer be validated against an alternative source. The transfers out of Level 3 were a result of securities no longer being carried at fair value as a result of new availability of
        reliable observable inputs or the ability to validate market price of the security against an alternative source.
(f)    Sensitivity of Fair Value Measurements to
        Changes in Unobservable Inputs
Bonds:
The primary unobservable input used in the discounted cash flow models for states and political subdivisions, foreign government, and
        corporate bonds is a corporate index option adjusted spread (OAS). The corporate index OAS used is based on a security's sector, rating, and average life. A significant increase (decrease) of the corporate index OAS in isolation could result in a
        decrease (increase) in fair value.
CDO and certain mortgage-backed securities are
        priced by a third-party vendor and the Company internally reviews the valuation for reasonableness. The Company does not have insight into the specific inputs used; however, the key unobservable inputs would generally include default rates. A
        significant increase (decrease) in default rates in isolation could result in an decrease (increase) in fair value.
Common and preferred stocks:
The primary unobservable inputs used to value common and preferred stock are indicative quotes received from third-party vendors and
        subsequent offering prices. A significant increase (decrease) in either the indicative quotes or offering prices in isolation could result in an increase (decrease) in fair value.
Derivative assets and liabilities:
The TRS are priced by a third-party vendor and the Company internally reviews the valuation for reasonableness. The Company does not have
        insight into the specific inputs used; however, the key unobservable input would generally include the spread. For a long position, a significant increase (decrease) in the spread used in the fair value of the TRS in isolation could result in
        higher (lower)
43 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
fair value. For a short position, a significant
        increase (decrease) in the spread used in the fair value of the TRS in isolation could result in lower (higher) fair value.
(g)    Estimates
The Company has been able to estimate the fair value
        of all financial assets and liabilities.
(h)    Aggregate Fair Value of Financial Instruments
The following tables present the carrying amounts
        and fair values of all financial instruments at December 31
(b)
:
2021
Fair Value
Aggregate Fair Value
Admitted Assets/
Carrying Value
Level 1
Level 2
Level 3
Financial
                Assets
Bonds
$
104,413
93,817
4,062
81,773
18,578
Common
                stocks, unaffiliated
303
303
213
—
90
Mortgage
                loans on real estate
17,673
17,154
—
—
17,673
Cash
                equivalents
3,210
3,210
1,694
1,516
—
Derivative
                assets
2,758
2,682
114
2,644
—
Securities
                lending reinvested collateral assets
2,594
2,594
—
2,594
—
Other
                invested assets
1,052
1,052
—
102
950
COLI
713
713
—
713
—
Separate
                account assets
49,082
48,279
22,298
26,784
—
Financial
                Liabilities
Deposit-type
                contracts
$
5,056
4,577
—
—
5,056
Other
                investment contracts
97,132
88,311
—
—
97,132
Borrowed
                money
1,976
2,001
—
—
1,976
Derivative
                liabilities
2,028
2,023
119
1,894
15
Payable for
                securities lending
2,594
2,594
—
2,594
—
Payable for
                securities
271
271
—
—
271
Separate
                account liabilities
49,082
48,279
22,298
26,784
—
(b)
The Company does not have any assets or liabilities measured at NAV that are included in Level 2 in this table. In addition,
                  the Company has no assets or liabilities for which it is not practicable to measure at fair value.
44 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
2020
Fair Value
Aggregate Fair Value
Admitted Assets/
                Carrying Value
Level 1
Level 2
Level 3
Financial
                Assets
Bonds
$
115,710
99,088
4,995
93,714
17,001
Preferred
                stocks, unaffiliated
43
41
—
—
43
Common
                stocks, unaffiliated
234
234
163
—
71
Mortgage
                loans on real estate
17,117
15,634
—
—
17,117
Cash
                equivalents
878
878
448
430
—
Derivative
                assets
4,179
4,114
136
4,036
7
Securities
                lending reinvested collateral assets
2,587
2,587
—
2,587
—
Other
                invested assets
757
757
—
23
734
COLI
653
653
—
653
—
Separate
                account assets
46,886
45,901
22,732
24,154
—
Financial
                Liabilities
Deposit-type
                contracts
$
5,395
4,749
—
—
5,395
Other
                investment contracts
103,518
95,083
—
—
103,518
Borrowed
                money
1,516
1,501
—
—
1,516
Derivative
                liabilities
3,275
3,262
96
3,161
18
Payable for
                securities lending
2,587
2,587
—
2,587
—
Payable for
                securities
199
199
—
—
199
Separate
                account liabilities
46,886
45,901
22,732
24,154
—
(b)
The Company does not have any assets or liabilities measured at NAV that are included in Level 2 in this table. In addition,
                  the Company has no assets or liabilities for which it is not practicable to measure at fair value.
A description of the Company's valuation techniques for financial
        instruments not reported at fair value and categorized within the fair value hierarchy is shown below:
Valuation of FHLB Stock
FHLB stock, included in Common stocks, is not traded
        in an active market and is categorized in Level 3. FHLB stock is carried at cost, which approximates fair value unless it is impaired, based on provisions within the Company's FHLB agreement that allow for return of outstanding shares of FHLB stock
        at the Company's cost basis.
Valuation of Mortgage Loans on Real Estate
The fair value of commercial mortgage loans on real
        estate is calculated by analyzing individual loans and assigning ratings to each loan based on a combination of loan-to-value ratios and debt service coverage ratios. Fair value is determined based on these factors as well as the contractual cash
        flows of each loan and the current market interest rates for similar loans. The fair value of residential mortgage loans on real estate is calculated by discounting estimated cash flows, with discount rates based on current market conditions.
45 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Valuation of Cash Equivalents
Cash equivalents are comprised of money market
        mutual funds, cash equivalent bonds, and reverse repurchase agreements. The fair value of money market mutual funds and cash equivalent bonds are based on quoted market prices in active markets and included in Level 1. Reverse repurchase prices are
        provided by third-party pricing sources and included in Level 2, because the inputs used to determine fair value are market observable.
Valuation of Securities Lending Reinvested Collateral Assets
Collateral held from securities lending agreements
        is primarily comprised of short-term and long-term highly liquid fixed-maturity securities. Fair values are determined and classified within the fair value hierarchy in a manner consistent with the method utilized to determine the fair value of
        similar securities (fixed-income securities, equity securities, cash and cash equivalents) held within the Company's general account investment portfolio.
Valuation of Other Invested Assets
Other invested assets include LIHTC investments,
        limited partnership investments, loans to affiliates, and restricted stock unit (RSU) assets. As there is no observable market data on which to calculate fair value of the LIHTC investment balances, the fair value is set equal to carrying value.
        Limited partnership investments are recorded using the cost method in line with SSAP No. 48 –
Joint
        Ventures, Partnerships and Limited Liability Companies
using unobservable inputs. Loans to affiliates are carried at cost;
        due to the lack of an active market, the current carrying value is the only market price at which the transaction could be settled, the Company believes cost approximates fair value. Due to the use of unobservable inputs, LIHTC investments, limited
        partnership investments, and loans to affiliates are categorized as Level 3. RSU assets tied to the share price of Allianz SE stock but does not participate in an active market; given this, it is categorized as Level 2.
Valuation of COLI
The COLI policies held by the Company are carried at their respective cash surrender
        values, which approximates fair value. The cash surrender value of the policies is based on the value of the underlying assets, which are regularly priced utilizing observable inputs. The COLI asset is included within Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. At December 31, 2021 and 2020, the cash surrender value in an investment vehicle is $713 and $653, respectively, and is allocated into the following categories based on primary
        underlying investment characteristics:
2021
2020
Bonds
47.0
%
80.0
%
Stocks
21.0
%
20.0
%
Other Invested Assets
32.0
%
—
%
Valuation of Deposit-Type Contracts
Fair values of deposit-type contracts are based on
        discounted cash flows using internal inputs, including the discount rate and consideration of the Company's own credit standing and a risk margin for actuarial inputs.
Valuation of Other Investment Contracts
Other investment contracts are included within Life
        policies and annuity contracts within the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Other investment contracts include certain reserves related to deferred annuities and other payout annuities that may include
        life contingencies, but do not have significant mortality risk due to substantial periods certain. Fair values are based on discounted cash flows using internal inputs, including the discount rate and consideration of the Company's own credit
        standing and a risk margin for market inputs.
46 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Valuation of Borrowed Money
The fair value of the FHLB borrowing is calculated
        on a discounted cash flow basis. Each position includes a monthly interest rate, a maturity payment amount, and a maturity date. The interest and maturity payments are projected as of the valuation date, and the expected cash flows are discounted
        using the valuation date swap curve.
Valuation of Payable for Securities Lending
Securities lending payable is set equal the to the
        cash collateral received. Due to the short-term nature of these loans, the carrying value is deemed to approximate fair value.
Valuation of Payable for Securities
Included in Payable for securities is the LIHTC
        investments unfunded commitment liability. As there is no observable market data on which to calculate fair value of the LIHTC investment unfunded commitment asset and liability, fair value is set equal to carrying value, and the balance is
        categorized as Level 3.
Valuation of Separate Account Liabilities
The fair value of separate account liabilities
        approximates the fair value of separate account assets.
(7)    Mortgage Notes Payable
In 2004, the Company obtained an $80 mortgage loan
        from an unrelated third-party for the Company's headquarters. In 2005, the Company agreed to enter into a separate loan agreement with the same counterparty in conjunction with the construction of an addition to the Company's headquarters of $65.
        This loan was funded in 2006 and combined with the existing mortgage. As of December 31, 2021 and 2020, the combined loan had a balance of $31 and $41, respectively, and is reported within Real estate on the Statutory Statements of Admitted Assets,
        Liabilities, and Capital and Surplus. This 20 year, fully amortizing loan has an interest rate of 5.52%, with a maturity date of August 1, 2024. The level principal and interest payments are made monthly. The loan allows for prepayment; however, it
        is accompanied by a make-whole provision.
Interest expense for all loans is $2, $3, and $3, in
        2021, 2020, and 2019, respectively, and is presented in Net investment income on the Statutory Statements of Operations.
The future principal payments required under the
        loan are as follows:
2022
$
11
2023
12
2024
8
2025
—
2026
—
2027 and beyond
—
Total
$
31
47 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(8)    Electronic Data Processing Equipment and Software (EDP)
EDP at December 31 and the changes in the balance for the years then
        ended are as follows:
2021
2020
Amortization:
Software
                amortization
8
7
Net EDP balance, by
                major classes of assets:
Servers,
                computers and peripherals
—
2
Software
53
38
Net EDP balance
53
40
Nonadmitted
(53)
(38)
Net admitted
                EDP balance
$
—
2
The Company has a gross EDP asset of $55 and $73 and
        accumulated depreciation and amortization of $(2) and $(33) at December 31, 2021 and 2020, respectively. Servers, computers and peripherals are depreciated over the lesser of their useful life or three years and the net balance is nonadmitted.
        Software is amortized over the lesser of their useful life or five years. Nonoperating software is nonadmitted and operating software is admitted to the extent it meets the criteria defined in SSAP No. 16R - Electronic Data Processing Equipment and
        Software.
(9)    Income Taxes
(a)    Deferred Tax Assets and Liabilities
The components of the net DTA or net DTL are as follows:
December 31, 2021
Ordinary
Capital
Total
Total gross deferred tax assets
$
998
48
1,046
Statutory valuation allowance adjustments
—
—
—
Adjusted gross deferred tax assets
998
48
1,046
Deferred tax assets nonadmitted
(6)
—
(6)
Subtotal net admitted deferred tax assets
992
48
1,040
Deferred tax liabilities
(536)
(17)
(553)
Net admitted deferred tax assets (liabilities)
$
456
31
487
December 31, 2020
Ordinary
Capital
Total
Total gross deferred tax assets
$
911
52
963
Statutory valuation allowance adjustments
—
—
—
Adjusted gross deferred tax assets
911
52
963
Deferred tax assets nonadmitted
—
—
—
Subtotal net admitted deferred tax assets
911
52
963
Deferred tax liabilities
(684)
(6)
(690)
Net admitted deferred tax assets (liabilities)
$
227
46
273
48 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Change
Ordinary
Capital
Total
Total gross deferred tax assets
$
87
(4)
83
Statutory valuation allowance adjustments
—
—
—
Adjusted gross deferred tax assets
87
(4)
83
Deferred tax assets nonadmitted
(6)
—
(6)
Subtotal net admitted deferred tax assets
81
(4)
77
Deferred tax liabilities
147
(10)
137
Net admitted deferred tax assets (liabilities)
$
228
(14)
214
The amount of admitted adjusted gross DTAs allowed under each component of SSAP
        No. 101 –
Income Taxes
(SSAP No. 101) as of December 31 are as follows:
December 31, 2021
Ordinary
Capital
Total
Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)
$
—
48
48
Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations
—
—
—
Lesser of 11.b.i or 11.b.ii:
—
—
—
Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)
456
—
456
Adjusted gross DTAs allowed per limitation threshold (11.b.ii)
N/A
N/A
1,533
Lesser of 11.b.i or 11.b.ii
456
—
456
Adjusted gross DTAs offset by gross DTLs (11.c)
536
—
536
Deferred tax assets admitted
$
992
48
1,040
December 31, 2020
Ordinary
Capital
Total
Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)
$
—
3
3
Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations
—
—
—
Lesser of 11.b.i or 11.b.ii:
—
—
—
Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)
419
49
468
Adjusted gross DTAs allowed per limitation threshold (11.b.ii)
N/A
N/A
1,108
Lesser of 11.b.i or 11.b.ii
419
49
468
Adjusted gross DTAs offset by gross DTLs (11.c)
492
—
492
Deferred tax assets admitted
$
911
52
963
49 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Change
Ordinary
Capital
Total
Federal income taxes paid
                in prior years recoverable through loss carrybacks (11.a)
$
—
44
44
Adjusted gross DTAs expected to be realized after application of the threshold
                  limitations
—
—
—
Lesser of 11.b.i or 11.b.ii:
—
—
—
Adjusted gross DTAs expected to be realized following the balance sheet date
                  (11.b.i.)
37
(49)
(12)
Adjusted gross DTAs allowed per limitation threshold (11.b.ii)
N/A
N/A
425
Lesser of 11.b.i or 11.b.ii
37
(49)
(12)
Adjusted gross DTAs offset by gross DTLs (11.c)
44
—
44
Deferred tax assets admitted
$
81
(5)
76
Ratios used for threshold limitation as of December 31 are as follows:
December 31
2021
2020
Change
Ratio percentage used to
                determine recovery period and threshold limitation amount
1,082
%
705
%
377
%
Amount of adjusted
                capital and surplus used to determine recovery period threshold limitation
$
10,218
7,386
2,832
Impact of tax planning strategies on the determination of net admitted
        adjusted gross DTAs is as follows:
December 31, 2021
Ordinary
Capital
Total
Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)
—
%
—
%
—
%
December 31, 2020
Ordinary
Capital
Total
Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)
—
%
93.7
%
93.7
%
Change
Ordinary
Capital
Total
Net admitted adjusted gross DTAs - (percentage of total net admitted adjusted
                  gross DTAs)
—
%
(93.7)
%
(93.7)
%
The Company's tax planning strategies do not include the use of reinsurance.
(b)    Unrecognized Deferred Tax Liabilities
There are no temporary differences for which DTLs are not recognized.
50 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(c)    Current and Deferred Income Taxes
The significant components of income taxes incurred
        (i.e. Current income tax expense) include:
December 31
2021-2020
                Change
2020-2019
                Change
2021
2020
2019
Current year federal
                tax expense (benefit) - ordinary income
$
1,091
18
773
1,073
(755)
Current year foreign
                tax expense (benefit) - ordinary income
—
—
—
—
—
Subtotal
1,091
18
773
1,073
(755)
Current year tax
                expense - net realized capital gains (losses)
249
—
(11)
249
11
Federal and foreign
                income taxes incurred
$
1,340
18
762
1,322
(744)
DTAs and DTLs consist of the following major
        components:
December 31
Deferred tax assets
2021
2020
Change
Ordinary:
Unrealized
                losses
$
14
—
14
Deferred
                acquisition costs
186
169
17
Expense
                accruals
82
63
19
Policyholder
                reserves
701
666
35
Fixed assets
—
—
—
Nonadmitted
                assets
15
13
2
Subtotal
998
911
87
Statutory
                valuation allowance adjustment
—
—
—
Nonadmitted
                ordinary deferred tax assets
(6)
—
(6)
Admitted
                ordinary tax assets
992
911
81
Capital:
Impaired
                assets
48
51
(3)
Unrealized
                losses
—
1
(1)
Subtotal
48
52
(4)
Statutory
                valuation allowance adjustment
—
—
—
Nonadmitted
                capital deferred tax assets
—
—
—
Admitted capital
                deferred tax assets
48
52
(4)
Admitted
                deferred tax assets
$
1,040
963
77
51 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
December 31
Deferred tax
                liabilities
2021
2020
Change
Ordinary:
Investments
$
(53)
(54)
1
Fixed assets
(4)
(5)
1
Policyholder
                reserves
(356)
(445)
89
Software
                capitalization
(11)
(7)
(4)
Unrealized
                gains
(64)
(79)
15
Other
(48)
(94)
46
Subtotal
(536)
(684)
148
Capital:
Unrealized
                gains
(17)
(6)
(11)
Subtotal
(17)
(6)
(11)
Deferred tax liabilities
$
(553)
(690)
137
Net deferred tax
                assets (liabilities)
$
487
273
214
The realization of the DTAs is dependent upon the Company's ability
        to generate sufficient taxable income in future periods. Based on historical results and the prospects for future current operations, management anticipates that it is more likely than not that future taxable income will be sufficient for the
        realization of the remaining DTAs.
The Coronavirus Aid, Relief, and Economic Security
        Act, (CARES Act of 2020) was enacted on March 27, 2020, thereby allowing net operating losses (NOLs) arising in tax years beginning after December 31, 2017, and before January 1, 2021 (e.g., NOLs incurred in 2018, 2019, or 2020 by a calendar-year
        taxpayer) to be carried back to each of the five tax years preceding the tax year of such loss.
In computing taxable income, life insurance
        companies are allowed a deduction attributable to their life insurance and accident and health reserves. The Tax Act of 2017 significantly changed the methodology by which these reserves are computed for tax purposes. The changes are effective for
        tax years beginning after 2017 and are subject to a transition rule that spreads the additional income tax liability over the subsequent eight years beginning in 2018.  Due to complexities in the new methodology and limited guidance from the
        Internal Revenue Service and U.S. Treasury, the Company has recorded provisional amounts for the deferred tax revaluation associated with the changes in the computation of life insurance tax reserves based on information available at December 31,
        2017.  Pursuant to Interpretation of the SAP Working Group 18-01:
Updated Tax Estimates under the Tax
        Cuts and Jobs Act
, provisional tax computations related to these amounts were reasonably estimated as of December 31, 2017
        and have been adjusted based on guidance received from Internal Revenue Service and U.S. Treasury. Adjusted amounts are reflected in the Company's results of operations for the years ended December 31, 2021, 2020, and 2019.
The Change in net deferred income tax is comprised
        of the following (this analysis is exclusive of the nonadmitted DTAs as the Change in nonadmitted assets is reported separately from the Change in net deferred income tax in the Unassigned surplus section of the Statutory Statements of Capital and
        Surplus):
December 31
2021
2020
Change
Net deferred tax assets (liabilities)
$
493
273
220
Statutory valuation allowance adjustment
—
—
—
Net deferred tax assets (liabilities) after statutory valuation allowance
493
273
220
Tax effect of unrealized gains (losses)
149
154
(5)
Statutory valuation allowance adjustment allocated to unrealized gains (losses)
—
—
—
Change in net deferred income tax
$
215
52 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(d)    Reconciliation of Federal Income Tax Rate to
        Actual Effective Rate
The provision for federal income taxes incurred is different from that
        which would be obtained by applying the statutory federal income tax rate to income before income taxes. The significant items causing this difference are as follows:
December 31, 2021
December 31, 2020
December 31, 2019
Federal income
                tax rate
21.0
%
21.0
%
21.0
%
Amortization of
                IMR
(1.9)
(1.3)
(3.6)
Dividends
                received deduction
(1.3)
(1.7)
(4.2)
Nondeductible
                expenses
0.1
—
0.9
Affiliated LLC
                income
(0.2)
(2.4)
—
COLI
(2.4)
(1.0)
(5.5)
Tax hedges
(6.5)
0.2
65.8
Tax hedge
                reclassification
73.7
6.8
84.7
Tax credits
(9.6)
(7.2)
(13.6)
Prior period
                adjustments
(1.2)
(0.6)
(0.4)
Change in
                deferred taxes on impairments
0.6
(5.0)
3.6
Change in
                deferred taxes on nonadmitted assets
(0.4)
(0.6)
(0.7)
Reinsurance
83.5
(5.5)
19.8
Correction of
                Error
2.0
—
—
NOL Carryback
                Benefit
—
(12.2)
—
Tax
                Contingencies
10.6
5.5
—
Realized Capital
                Gains Tax
47.4
(0.1)
—
Other
(1.4)
—
0.6
Effective tax
                rate
214.0
%
(4.1)
%
168.4
%
Federal and foreign income taxes incurred
(1)
207.4
%
2.9
%
293.7
%
Realized Capital
                Gains Tax
47.4
(0.1)
—
Change in net
                deferred tax
(40.8)
(6.9)
(125.3)
Effective tax
                rate
214.0
%
(4.1)
%
168.4
%
(1)
Prior to 2020, tax on capital gains (losses) was excluded from federal and foreign income taxes incurred and detailed in Note
                  5(c).
(e)    Carryforwards, Recoverable Taxes, and IRC
        Section 6603 Deposits
As of December 31, 2021,
there are no operating losses or tax credit carryforwards available for tax purposes.
There are no Federal income
        taxes available for recoupment in the event of future net losses.
There are no aggregate deposits admitted under
        Section 6603 of the IRC.
The Company had tax contingencies computed in
        accordance with SSAP No. 5R, Liabilities, Contingencies and Impairment of Assets, and SSAP No. 101 as of December 31, 2021 and 2020. The Company does not believe the tax contingencies will significantly increase within the next 12 months.
The Company recognizes interest and penalties
        accrued related to unrecognized tax benefits in federal income tax expense. During the years ended December 31, 2021, 2020, and 2019 the Company recognized expenses of $23, $9, and $0 in interest and penalties, respectively. The Company had $32 and
        $9 for the unrecognized tax benefits and related accrued interest at December 31, 2021 and 2020, respectively.
53 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(f)    Consolidated Federal Income Tax Return
The Company's federal income tax return is
        consolidated with AZOA. The method of allocation between the subsidiaries of AZOA is subject to written agreement, approved by the Allianz Life Board of Directors. Allocation is based upon separate return calculations with current credit for net
        losses. Intercompany tax balances are settled annually after the consolidated return is filed.
The Company is included in the consolidated group for which AZOA files a federal income tax return on behalf of all group members. As a member of the AZOA consolidated group, the Company is no longer subject to U.S. Federal and non-U.S. income tax
        examinations for years prior to 2016, though examinations of combined returns filed by AZOA, which include the Company, by certain U.S. state and local tax authorities, may still be conducted for 2008 and subsequent years. The Internal Revenue
        Service (IRS) examination of AZOA for the 2016 and 2017 income tax returns has completed the exam phase and has been assigned to appeals for an issue related to variable annuity hedging income recognition. The IRS has also initiated an examination
        of AZOA's 2018 income tax return, which is expected to close by the end of 2022.
As of December 31, 2021, the companies included in
        the consolidated group for which AZOA files a federal income tax return is included below:
Members of Consolidated Tax Group
Allianz Life Insurance Company of North America
Allianz Life Insurance Company of Missouri
Allianz Life Insurance
                Company of New York
Allianz Underwriters
                Insurance Company
AZOA Services Corporation
AGCS Marine Insurance
                Company
Allianz Global Risks US
                Insurance Company
William H. McGee &
                Co., Inc.
Allianz Reinsurance of
                America, Inc.
Allianz Reinsurance
                Management Services, Inc.
Allianz Technology of
                America, Inc.
Fireman's Fund Insurance
                Company
Allianz Renewable Energy
                Partners of America LLC
Fireman's Fund Indemnity
                Corporation
Allianz Renewable Energy
                Partners of America 2 LLC
National Surety
                Corporation
PFP Holdings, Inc.
Chicago Insurance Company
AZL PF Investments, Inc.
Interstate Fire &
                Casualty Company
Dresdner Kleinwort
                Pfandbriefe Investments II, Inc.
Associated Indemnity
                Corporation
Allianz Fund Investments,
                Inc.
American Automobile
                Insurance Company
Yorktown Financial
                Companies, Inc.
The American Insurance
                Company
Questar Capital
                Corporation
Allianz Risk Transfer,
                Inc.
Questar Agency, Inc.
Allianz Risk Transfer
                (Bermuda), Ltd.
(10)    Accident and Health Claim Reserves
Accident and health claim reserves are based on
        estimates that are subject to uncertainty. Uncertainty regarding reserves of a given accident year is gradually reduced as new information emerges each succeeding year, thereby allowing more reliable reevaluations of such reserves. While management
        believes that reserves as of December 31, 2021 are appropriate, uncertainties in the reserving process could cause reserves to develop favorably or unfavorably in the near term as new or additional information emerges. Any adjustments to reserves
        are reflected in the operating results of the periods in which they are made. Movements in reserves could significantly impact the Company's future reported earnings.
54 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Activity in the accident and health claim reserves is summarized as
        follows:
2021
2020
2019
Balance at
                January 1, net of reinsurance recoverables of $665, $654, and $574, respectively
$
337
335
299
Incurred related to:
Current year
189
139
143
Prior years
(47)
(46)
(24)
Total incurred
142
93
119
Paid related to:
Current year
10
7
7
Prior years
84
84
76
Total paid
94
91
83
Balance at
                December 31, net of reinsurance recoverables of $734, $665, and $654, respectively
$
385
337
335
Prior year incurred claim reserves for 2021, 2020
        and 2019 were favorable as a result of re-estimation of unpaid claims and claim adjustment expenses, principally on the individual LTC line of business.
55 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(11)    Reinsurance
The Company primarily enters into reinsurance
        agreements to manage risk resulting from its life, annuity, and accident and health businesses, as well as businesses the Company has chosen to exit. In the normal course of business, the Company seeks to limit its exposure to loss by ceding risks
        under yearly renewal term, coinsurance, and modified coinsurance.
The Company monitors the financial exposure and
        financial strength of the reinsurers on an ongoing basis. The Company attempts to mitigate risk by securing recoverable balances with various forms of collateral, including arranging trust accounts and letters of credit with certain reinsurers.
The effect of reinsurance on reserves, deposit-type
        contracts, and claims, for amounts recoverable from other insurers, was as follows:
For the years ended December 31,
Reduction in:
2021
2020
Aggregate
                reserves
$
16,141
6,636
Deposit-type
                contracts
132
99
Policy and
                contract claims
28
29
Reinsurance reserves, recoverables, and receivables
        at December 31, 2021 and 2020, are covered by collateral of $14,731 and $6,140, respectively, in addition to the letter of credit on behalf of AZMO, as noted in Note 2.
Life insurance, annuities, and accident and health business assumed
        from and ceded to other companies are as follows:
Year ended
Direct amount
Ceded to other companies
Assumed from other companies
Net amount
December 31, 2021
Life
                insurance in-force
$
65,088
41,500
50
23,638
Premiums:
Life
1,453
94
1
1,360
Annuities
13,226
623
—
12,603
Accident and
                health
168
68
62
162
Total premiums
$
14,847
785
63
14,125
December 31, 2020
Life
                insurance in-force
$
53,399
34,345
54
19,108
Premiums:
Life
1,200
88
1
1,113
Annuities
9,473
398
—
9,075
Accident and
                health
170
68
56
158
Total premiums
$
10,843
554
57
10,346
December 31, 2019
Life
                insurance in-force
$
45,817
30,060
58
15,815
Premiums:
Life
989
88
1
902
Annuities
12,135
387
—
11,748
Accident and
                health
172
70
53
155
Total premiums
$
13,296
545
54
12,805
The Company holds securities backing term life and
        universal life with secondary guarantees ceded reserves in compliance with Actuarial Guideline 48. As of December 31, 2021 and 2020, the Company had 8 and 7 reinsurance
56 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
contracts, respectively, in which risks under
        covered policies have been ceded. The Company held primary securities in an amount at least equal to the required level of primary securities for all of these contracts.
There are no nonaffiliated reinsurers owned in
        excess of 10% or controlled, either directly or indirectly, by the Company or by a representative, officer, trustee, or director of the Company.
There are no policies issued by the Company that
        have been reinsured with a company chartered in a country other than the United States that is owned in excess of 10% or controlled directly or indirectly by an insured, a beneficiary, a creditor, or any other person not primarily engaged in the
        insurance business.
The Company does not have any reinsurance agreements
        in effect under which the reinsurer may unilaterally cancel any reinsurance for reasons other than for nonpayment of premium or other similar credits.
The Company does not have reinsurance agreements in
        effect such that the amount of losses paid or accrued through the statement date may result in a payment to the reinsurer of amounts that, in aggregate and allowing for offset of mutual credits from other reinsurance agreements with the same
        reinsurer, exceed the total direct premium collected under the reinsured policies.
The Company did not write off any uncollectible
        recoverables during 2021, 2020, and 2019.
The Company has reported in
        its operations $43 of claims incurred for the current year ended, as a result of commutation of reinsurance with Hannover Life Reassurance Company of America.
Effective January 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life Reassurance Company of America that covers certain in force fixed annuity policies.
The agreement resulted in a reduction in Policyholder liabilities, life policies, and annuity contracts in the amount of $161 as of December 31, 2021.
Effective September 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life     Reassurance Company of America that covers certain in force fixed annuity policies, and resulted in $185 of reserve credit as of December 31, 2021.
Effective September 30, 2021, the Company executed a
        new reinsurance agreement with Munich American Reassurance Company that covers certain in force fixed annuity policies, and resulted in $444 of reserve credit as of December 31, 2021.
Effective October 1, 2021, the Company executed a
        new reinsurance agreement with Hannover Life Reassurance Company of America that covers certain in force fixed annuity policies, and resulted in $206 of reserve credit as of December 31, 2021.
Effective October 1, 2021 the Company executed a new
        reinsurance agreement with Resolution Re LTD that covers certain in force fixed annuity policies. This
covers approximately $26,394 of in force fixed reserves, but
did not result in any reinsurance credit as this agreement is modified coinsurance.
Effective October 1, 2021, the Company executed a
        new reinsurance agreement with Talcott Resolution Life Ins Co that covers certain in force fixed annuity policies, and resulted in $8,178 of reserve credit as of December 31, 2021.
The Company transferred assets with an approximate book value of $8,000 as of October 1, 2021 to Talcott
        Resolution Life Ins Co as part of this coinsurance agreement on the closing date of December 29, 2021. The transfer was accounted for as a sale in accordance with SSAP No. 103R, and the Company has no continuing involvement with these assets.
Effective November 1, 2021, the Company executed a
        new reinsurance agreement with RGA Reinsurance Company that covers certain in force fixed annuity policies, and resulted in $300 of reserve credit as of December 31, 2021.
57 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(12)    Annuity Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics
Information regarding the Company's annuity actuarial reserves and
        deposit liabilities by withdrawal characteristics at December 31 is as follows:
2021
Percentage of total
2020
Percentage of total
Subject to discretionary
                withdrawal:
With market
                value adjustment
$
48,992
33
%
$
43,198
31
%
At book
                value less current surrender charges of 5% or more
37,866
25
36,364
26
At market
                value
20,998
13
21,361
14
Total with
                adjustment or at market value
107,856
71
100,923
71
At book
                value without adjustment (minimal or no charge or adjustment)
33,967
23
30,641
22
Not subject
                to discretionary withdrawal
7,380
5
8,133
6
Total gross
149,203
100
%
139,697
100
%
Reinsurance ceded
11,960
2,523
Total net
$
137,243
$
137,174
Amount included in At
                book value less current charges of 5% or more that will move to At book value without adjustment in the year after the statement date:
$
2,798
$
6,776
Reconciliation of total annuity actuarial
                reserves and deposit fund liabilities:
2021
2020
Life, Accident and
                Health Annual Statement:
Annuities, net
                (excluding supplementary contracts with life contingencies)
$
88,413
95,185
Supplemental
                contracts with life contingencies, net
2,083
2,091
Deposit-type
                contracts
4,577
4,749
Subtotal
95,073
102,025
Separate Accounts Annual
                Statement:
Annuities, net
                (excluding supplementary contracts with life contingencies)
42,155
35,137
Supplemental
                contracts with life contingencies, net
15
11
Subtotal
42,170
35,148
Total
                annuity actuarial reserves and deposit fund liabilities
$
137,243
137,174
58 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(13)    Life Actuarial Reserves by Withdrawal Characteristics
Information regarding the Company's life actuarial
        reserves by withdrawal characteristics at December 31 is as follows:
2021
General Account
Account value
Cash value
Reserve
Subject to discretionary withdrawal, surrender values, or policy loans:
Universal
                life
$
817
816
822
Universal
                life with secondary guarantees
59
53
144
Indexed life
6,871
5,945
5,989
Other
                permanent cash value life insurance
105
105
105
Variable
                universal life
2
2
2
Not subject to
                discretionary withdrawal or no cash values:
Term policies
                without cash value
XXX
XXX
199
Disability,
                active lives
XXX
XXX
49
Disability,
                disabled lives
XXX
XXX
6
Miscellaneous
                reserves
XXX
XXX
46
Total gross
7,854
6,921
7,362
Reinsurance
                ceded
616
616
878
Total net
$
7,238
6,305
6,484
2020
General Account
Account value
Cash value
Reserve
Subject to
                discretionary withdrawal, surrender values, or policy loans:
Universal
                life
$
845
844
851
Universal life with secondary
                guarantees
61
54
158
Indexed life
5,458
4,701
4,738
Other permanent cash value life
                insurance
115
115
115
Variable
                universal life
3
3
3
Not subject to discretionary withdrawal or
                no cash values:
Term policies
                without cash value
XXX
XXX
204
Disability, active lives
XXX
XXX
48
Disability,
                disabled lives
XXX
XXX
6
Miscellaneous reserves
XXX
XXX
54
Total gross
6,482
5,717
6,177
Reinsurance ceded
645
644
904
Total net
$
5,837
5,073
5,273
The Company does not have any Life policies with
                guarantees in the separate account.
2021
Separate Account
                Nonguaranteed
Account value
Cash value
Reserve
Subject to
                discretionary withdrawal, surrender values, or policy loans:
Variable
                universal life
$
21
21
21
Total gross
21
21
21
59 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Reinsurance
                ceded
—
—
—
Total net
$
21
21
21
2020
Separate Account
                Nonguaranteed
Account Value
Cash Value
Reserve
Subject to discretionary withdrawal, surrender values, or policy loans:
Variable
                universal life
$
19
18
18
Total gross
19
18
18
Reinsurance
                ceded
—
—
—
Total net
$
19
18
18
Reconciliation of total life actuarial reserves:
2021
2020
Life, Accident,
                and Health Annual Statement:
Life
                insurance, net
$
6,412
$
5,210
Disability,
                active lives, net
47
47
Disability,
                disabled lives, net
1
1
Miscellaneous
                reserves, net
24
14
Subtotal
6,484
5,273
Separate
                Accounts Annual Statement:
Life
                insurance, net
21
18
Subtotal
21
18
Total life
                actuarial reserves
$
6,505
$
5,291
(14)
Separate Accounts
The Company's separate accounts represent funds held
        for the benefit of contract holders entitled to payments under variable annuity contracts, variable life policies and market value adjusted annuity contracts issued through the Company's separate accounts and underwritten by the Company. As of
        December 31, 2021 and 2020, the Company's separate accounts are classified as nonguaranteed. Information regarding the Company's separate accounts for the years ended December 31 is as follows:
2021
2020
Premiums,
                considerations, or deposits
5,927
4,149
Reserves for
                accounts with assets at fair value
21,209
21,574
Reserves for
                accounts with assets at amortized cost
20,982
13,592
Total reserves
42,191
35,166
By withdrawal
                characteristics:
At book
                value without MV adjustment and with current surrender charge of 5% or more
18,665
12,643
At fair
                value
21,166
21,535
At book
                value without MV adjustment and with current surrender charge of less than 5%
2,326
959
Subtotal
42,157
35,137
Not subject
                to discretionary withdrawal
34
29
Total
42,191
35,166
60 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
As of December 31, 2021 and 2020, the Company's
        separate accounts included legally insulated assets and non-insulated assets attributed to the following products/transactions:
2021
2020
Product/transaction
Legally insulated
Not legally insulated
Legally insulated
Not legally insulated
Variable Annuities
$
21,158
—
21,602
—
Variable Life
21
—
19
—
Variable Annuities
                (Non-Unitized Insulated)
524
—
998
—
Variable Annuities
                (Non-Unitized Non-Insulated)
—
26,548
—
23,244
Variable Annuities (MN
                MVA)
—
28
—
38
Total
$
21,703
26,576
22,619
23,282
The Company's separate account liabilities contain
        guaranteed benefits. The liabilities for guaranteed benefits are supported by the Company's general account assets. To compensate the general account for the risk taken, the separate account paid risk charges of $171, $180, $204, $212, and $221
        during the past five years, respectively. The general account of the Company paid $4, $19, $16, $5, and $0 towards separate account guarantees during the past five years, respectively.
A reconciliation of net transfers to (from) separate
        accounts for the years ended December 31 is included in the following table:
2021
2020
2019
Transfers as
                reported in the Summary of Operations of the Separate Accounts Annual Statement:
Transfers to
                separate accounts
$
5,927
4,149
1,277
Transfers
                from separate accounts
(3,507)
(2,689)
3,975
Net transfers
                to separate accounts
2,420
1,460
5,252
Reconciling adjustments:
Other
                adjustments
4
—
2
Transfers as reported in
                the Statutory Statements of Operations
$
2,424
1,460
5,254
(15)
Related-Party Transactions
(a)     Organization Changes
On October 11, 2018, the Company announced the
        decision to sell the Questar Capital and Asset Management representative network to an unaffiliated wealth management firm. The closing date of the sale was March 1, 2019.
The Company legally dissolved and terminated its
        subsidiary, Allianz Annuity Company of Missouri (AAMO), by voluntary action on February 24, 2020. Upon termination, AAMO paid an insignificant dividend to the Company.
On July 1 2020, American Financial Marketing, LLC,
        Ann Arbor Annuity Exchange, LLC, GamePlan Financial Marketing, LLC, and The Annuity Store Financial & Insurance Services, LLC, all of which are wholly owned subsidiaries of TruChoice Financial Group, LLC (TruChoice), which is a wholly owned
        subsidiary of AIIG, which is a wholly owned subsidiary of the Company, merged into TruChoice. TruChoice was the surviving entity.
Allianz Investment Management U.S. LLC, a Minnesota
        limited company was formed on October 11, 2020. Allianz Life is its direct parent.
On January 1, 2021, the Company formed Allianz
        Strategic Investments (ASI), a non-insurance subsidiary. ASI's sole operations are investment activities associated with direct equity holdings performed in coordination
61 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
with Allianz Life. Allianz Life has made various
        capital contributions into ASI in the form of preferred and common stock investments as indicated in the table below in 15(e) on page 63.
The company legally dissolved and terminated its
        subsidiary Questar Asset Management (QAM) on September 30, 2021. Upon termination, QAM paid a dividend to Yorktown. Yorktown subsequently paid a dividend to the Company as indicated in the table below in 15(e) on page 63.
(b)    Related-Party Invested
        Assets
The Company has an agreement to lend AZOA $39. The
        remaining loan balance was $30 and $39 as of December 31, 2021 and 2020, respectively, and is included in Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. Repayment of this loan began in
        2021 and has a final maturity date of August 30, 2023. The interest rate is a fixed rate of 0.34%. Interest income earned and accrued had an immaterial impact to the Company during 2021, 2020, and 2019, respectively.
The Company invests in limited partnerships that are
        managed by its affiliate Pacific Investment Management Company (PIMCO). The total committed capital for the limited partnerships is $123 of which $63 and $45 is unfunded as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and
        2020, the fair value of the investment is $64 and $35 respectively, and is recorded in Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
The Company has a seed money investment in exchange traded funds that are managed by
        a related party, PIMCO, with a reported balance of $33 as of December 31, 2021 within Other invested assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
The Company invests in bonds that are managed by a related party, PIMCO. The total
        committed capital for the bond is $360, of which $186 was unfunded as of December 31, 2021. The Company reported a balance of $174 as of December 31, 2021 related to the PIMCO bonds.
The Company has a seed money investment in exchange traded funds that are managed by
        a related party, AIM. The Company reported a balance of $71 and $58 as of December 31, 2021 and 2020 related to the seed money investment within Stocks on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus. There is
        no additional commitment related to these investments.
(c)     Service
        Fees
The Company incurred fees for services provided by
        affiliated companies of $194, $183, and $157 in 2021, 2020, and 2019, respectively. The Company's liability for these expenses was $50 and $37 at December 31, 2021 and 2020, respectively, and is included in Other liabilities on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. In the normal course of business, the outstanding amount is settled in cash.
The Company earned revenues for various services
        provided to affiliated companies and subsidiaries of $71, $59, and $54 in 2021, 2020, and 2019, respectively. The receivable for these revenues was $7 and $6 for 2021 and 2020, respectively, and is included in Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus. In the normal course of business, the outstanding amount is settled in cash.
The Company has agreements with its affiliates
        PIMCO, Oppenheimer Capital LLC (OpCap), and with certain other related parties whereby (1) specific investment options managed by PIMCO and OpCap are made available through the Company's separate accounts to holders of the Company's variable
        annuity products, and (2) the Company receives compensation for providing administrative and recordkeeping services relating to the investment options managed by PIMCO and OpCap. Income recognized by the Company from these affiliates for
        distribution and in-force related costs as a result of providing investment options to the contractholders was $7, $7, and $8 during 2021, 2020, and 2019, respectively, which is included in Fees from separate accounts on the Statutory Statements of
        Operations. At December 31, 2021 and 2020, $1 and $1, respectively, were included for related receivables of these fees in Other assets on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
62 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
The Company has incurred commission expense related
        to the distribution of variable annuity products from Allianz Life Financial Services, LLC (ALFS) in the amount of $427, $320, and $285 for the years ended December 31, 2021, 2020, and 2019, respectively. The Company has an agreement with ALFS,
        whereby interest receivable is assigned to the company and 12b-1 fee receivables are assigned to the Company and AZNY. The Company has also agreed with AZNY to share in reimbursing ALFS for direct and indirect expenses incurred in performing
        services for the Company and AZNY. In the event that assigned receivables exceed expenses, ALFS records a dividend-in-kind to the Company and a loss on the transaction with AZNY. The Company recorded a net (expense) revenue from this agreement of
        $(42), $(20), and $2 for the years ended December 31, 2021, 2020, and 2019, respectively.
(d)
            Dividends to Parent
The Company paid cash dividends to AZOA of $900,
        $750, and $325 in 2021, 2020, and 2019, respectively. Based on the ordinary dividend limitations set forth under Minnesota Insurance Law, the dividends paid in 2021 and 2020 were considered as extraordinary, and dividends paid in 2019 were
        considered ordinary.
(e)     Capital
        Contributions and Dividends with Subsidiaries
During the years ended December 31, the Company
        received dividends from its subsidiaries as follows:
2021
2020
2019
Allianz Investment
                Management, LLC
$
41
51
56
ALFS
—
—
2
AZL PF Investments, Inc.
—
50
—
Allianz Individual
                Insurance Group, LLC (AIIG)
4
—
—
Yorktown
—
—
9
Total
$
45
101
67
During the years ended December 31, the Company made
        capital contributions to subsidiaries as follows:
2021
2020
2019
Yorktown
$
—
—
1
Allianz Investment
                Management U.S. LLC (AIM US)
8
1
—
ALFS
48
20
8
ASI
$
66
$
—
$
—
Total
$
122
21
9
(f)     Reinsurance
The Company wholly-owns AZMO, a Special Purpose Life
        Reinsurance Captive Insurance Company domiciled in Missouri. The Company cedes to AZMO, and AZMO provides reinsurance on a coinsurance basis and modified coinsurance basis, a 100% quota share of the Company's net liability of level term life
        insurance policies and certain universal life insurance policies written directly by the Company. The total premium and associated reserve amounts ceded from the Company to AZMO for the years ended December 31, 2021, 2020, and 2019 were $2, $3, and
        $6, respectively. The Company recorded a ceding commission of $1 for 2021, 2020, and 2019, respectively. In addition, the Company recorded a deferred gain of $97 upon execution of the reinsurance agreement in 2009, of which $3, $2 and $2 was
        amortized in 2021, 2020, and 2019, respectively, and included in Commissions and expense allowances on reinsurance ceded on the Statutory Statements of Operations.
The Company has reinsurance recoverables and
        receivables related to reinsurance agreements with affiliated entities. Total affiliated reinsurance recoverables and receivables were $3 and $1 as of December 31, 2021 and 2020, respectively, and are included in Other assets on the Statutory
        Statements of Admitted Assets, Liabilities, and Capital and Surplus.
63 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
(g)     Line of Credit Agreement
The Company has a line of credit agreement with its
        subsidiary, AZNY, to provide liquidity, as needed. The Company's lending capacity under the agreement is limited to 5% of the general account admitted assets of AZNY as of the preceding year end. The Company provided $25 to AZNY under the terms of
        this agreement on March 17, 2020. The full amount was repaid on April 15, 2020. There was no outstanding balance under the line of credit agreement as of December 31, 2021 and 2020.
(16)    Employee Benefit Plans
The Company participates in the Allianz Asset
        Accumulation Plan (AAAP), a defined contribution plan sponsored by Allianz of America Corporation (AZOAC). Eligible employees are immediately enrolled in the AAAP on their first day of employment. The AAAP will accept participants' pretax, Roth
        401(k), and/or after-tax contributions up to 80% of the participants' eligible compensation, although contributions remain subject to annual limitations set by the Internal Revenue Service. The Company matches up to a maximum of 7.5% of the
        employees' eligible compensation. Participants are 100% vested in the Company's matching contribution after three years of service.
The AAAP administration expenses and the trust
        fund, including trustee fees, investment manager fees, and audit fees, are payable from the trust fund but may, at the Company's discretion, be paid by the Company. All legal fees are paid by the Company. It is the Company's policy to fund the AAAP
        costs as incurred. The Company has expensed $13, $13, and $13 in 2021, 2020, and 2019, respectively, toward the AAAP matching contributions and administration expenses.
A defined group of highly compensated employees is
        eligible to participate in the AZOAC Deferred Compensation Plan. The purpose of the plan is to provide tax planning opportunities, as well as supplemental funds upon retirement. The plan is unfunded, meaning no assets of the Company have been
        segregated or defined to represent the liability for accrued assets under the plan. Employees are 100% vested upon enrollment in the plan for funds they have deferred. Employees' funds are invested on a pay period basis and are immediately vested.
        Participants and the Company share the administrative fee. The accrued liability of $75 and $61 as of December 31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and
        Capital and Surplus.
The Company sponsors a nonqualified deferred
        compensation plan for a defined group of agents. The Company can make discretionary contributions to the plan in the form and manner the Company determines reasonable. Discretionary contributions are currently determined based on production. The
        accrued liability of $65 and $66 as of December 31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus.
The Company participates in a stock-based
        compensation plan sponsored by Allianz SE, which awards certain employees Restricted Stock Units (RSU) that are tied to Allianz SE stock. Allianz SE determines the number of RSU granted to each participant. The Company records expense equal to the
        change in fair value of the units during the reporting period, which includes the Company's estimate of the number of awards expected to be forfeited. A change in value of $8, $5, and $10 was recorded in 2021, 2020, and 2019, respectively, and is
        included in General and administrative expenses on the Statutory Statements of Operations. The related liability of $18 and $18 as of December 31, 2021 and 2020, respectively, is recorded in Other liabilities on the Statutory Statements of Admitted
        Assets, Liabilities, and Capital and Surplus.
(17)
Statutory Capital and Surplus
Statutory accounting practices prescribed or
        permitted by the Company's state of domicile are directed toward insurer solvency and protection of policyholders. As such, the Company is required to meet minimum statutory capital and surplus requirements. The Company's statutory capital and
        surplus as of December 31, 2021 and 2020, were in compliance with these requirements. The maximum amount of ordinary dividends that can be paid by Minnesota insurance companies to the stockholder without prior approval of the Department is subject
        to restrictions relating to statutory earned surplus, also known as unassigned funds. Unassigned funds are determined in accordance with the accounting procedures and practices governing preparation of the statutory annual statement. In accordance
        with
64 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
Minnesota Statutes, the Company may declare and pay
        from its Unassigned surplus cash dividends of not more than the greater of 10% of its prior year-end statutory surplus, or the net gain from operations of the insurer, not including realized gains, for the 12-month period ending the 31st day of the
        next preceding year. Based on these limitations, ordinary dividends of $1,070 can be paid in 2022 without prior approval of the Department.
Regulatory Risk-Based Capital
An insurance enterprise's state of domicile imposes
        minimum risk-based capital requirements that were developed by the NAIC. The formulas for determining the amount of risk-based capital specify various weighting factors that are applied to financial balances or various levels of activity based on
        the perceived degree of risk. Regulatory compliance is determined by a ratio of an enterprise's regulatory total adjusted capital to its authorized control level risk-based capital, as defined by the NAIC. Companies below specific trigger points or
        ratios are classified within certain levels, each of which requires specified corrective action. This ratio for the Company significantly exceeds required minimum thresholds as of December 31, 2021 and 2020.
(18)    Direct Premiums Written by Third-Party Administrators
The Company has direct premiums written by
        third-party administrators (TPAs). The types of business written by the TPAs include life, accidental death and dismemberment, medical, disability, excess risk, and LTC. The authority granted to the TPAs includes claims payment, claims adjustment,
        underwriting, and premium collection. Total premiums written by TPAs were $136, $148, and $116 for 2021, 2020, and 2019, respectively. For the years ended December 31, 2021, 2020, and 2019, there were no individual TPAs that wrote premiums that
        equaled at least 5% of the capital and surplus of the Company.
(19)
Capital Structure
The Company is authorized to issue three types of capital stock, as
        outlined in the table below:
Authorized
Issued and outstanding
Par value, per share
Redemption and liquidation rights
Common stock
40,000,000
20,000,001
$
1.00
None
Preferred stock:
Class A
                (consisting of Series A and B below)
200,000,000
18,903,484
$
1.00
Designated by
                Board for each series issued
Class A, Series A
8,909,195
8,909,195
$
1.00
$35.02 per
                share plus an amount to yield a compounded annual return of 6%, after actual dividends paid
Class A, Series B
10,000,000
9,994,289
$
1.00
$35.02 per
                share plus an amount to yield a compounded annual return of 6%, after actual dividends paid
Class B
400,000,000
—
$
1.00
Designated by
                Board for each series issued
Holders of Class A preferred stock and of common
        stock are entitled to one vote per share with respect to all matters presented to or subject to the vote of shareholders. Holders of Class B preferred stock have no voting rights. All issued and outstanding shares are owned by AZOA. See Note 1 for
        further discussion.
Each share of Class A preferred stock is convertible
        into one share of the Company's common stock. The Company may redeem any or all of the Class A preferred stock at any time. Dividends will be paid to each class of stock only when declared by the BOD. In the event a dividend is declared, dividends
        must be paid to holders of Class A preferred stock, Class B preferred stock, and common stock, each in that order.
65 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
As discussed in Note 15 to these Statutory Financial
        Statements, the Company carried out various capital transactions with related parties during 2021, 2020, and 2019.
(20)
Reconciliation to the Annual Statement
The Company is required to file an Annual Statement
        with the Department. As of December 31, 2021 and 2020, there is no difference in admitted assets or liabilities between this report and the Annual Statement. As of December 31, 2021, 2020, and 2019, there is no difference in capital and surplus or
        net income between this report and the Annual Statement.
(21)    Commitments and Contingencies
The Company and its subsidiaries are named as
        defendants in various pending or threatened legal proceedings on an ongoing basis, arising from the conduct of business, including two putative class action proceedings: Sanchez v. Allianz Life Ins. Co. of North America (Superior Court of
        California, L.A. County, BC594715), which has been certified as a class, and Small v. Allianz Life Ins. Co. of North America (United Stated District Court, Central District of California, Case No. 2:20-cv-01944-AB (KESx), which has not been
        certified as a class action. The Company generally intends to vigorously contest the lawsuits, but may pursue settlement negotiations in some cases, if appropriate. The outcome of the cases is uncertain at this time, and there can be no assurance
        that such litigation, or any future litigation, will not have a material adverse effect on the Company and/or its subsidiaries. The Company recognizes legal costs as incurred.
The Company is contingently liable for possible
        future assessments under regulatory requirements pertaining to insolvencies and impairments of unaffiliated insurance companies. Provision has been made for assessments currently received and assessments anticipated for known insolvencies.
The financial services industry, variable and fixed
        annuities, life insurance, distribution companies, and broker-dealers, is subject to close scrutiny by regulators, legislators, and the media.
Federal and state regulators, such as state
        insurance departments, state securities departments, the SEC, the Financial Industry Regulatory Authority, the Internal Revenue Service, and other regulatory bodies regularly make inquiries and conduct examinations or investigations concerning
        various selling practices, including suitability reviews, product exchanges, sales to seniors, and compliance with, among other things, insurance and securities law. The Company may become subject to ongoing market conduct examinations and
        investigations by regulators, which may have a material adverse effect on the Company.
It can be expected that annuity and life product
        designs, management, and sales practices will be an ongoing source of regulatory scrutiny and enforcement actions, litigation, and rulemaking.
These matters could result in legal precedents and
        new industry-wide legislation, rules, and regulations that could significantly affect the financial services industry, including life insurance and annuity companies. It is unclear at this time whether any such litigation or regulatory actions will
        have a material adverse effect on the Company in the future.
Certain guarantees of the Company provide for the
        maintenance of a subsidiary's regulatory capital, surplus levels and liquidity sufficient to meet certain obligations. Those unlimited guarantees are made on behalf of certain wholly owned subsidiaries (AZNY, AZMO, ALFS and Questar Capital
        Corporation, through its parent, Yorktown). These guarantees are not limited and cannot be estimated as of the balance sheet date. From time to time, the Company makes capital contributions to these subsidiaries as needed under the guarantees.
        Capital contributions made during the years ended December 31, 2021, 2020, and 2019 are detailed in Note 15.
The Company had investments in limited partnerships
        that required a commitment of capital of $274 and $306 for the years ended December 31, 2021 and 2020, respectively. The Company had commitments to fund private placement investments of $612 and 187 as of December 31, 2021 and 2020, respectively.
(22)    Subsequent Events
The Company has evaluated subsequent events through
        April 4, 2022, which is the date the Statutory Financial Statements were available to be issued. No material subsequent events have occurred since December 31, 2021 that require adjustment to the Statutory Financial Statements.
66 of 67
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
Notes to Statutory Financial Statements
(Dollars in millions, except share data and security holdings quantities)
In March 2022, the Company made a capital
        contribution of $30 to the Allianz Life Insurance Company of New York and paid a cash dividend of $4,100 to AZOA.
As a result of the Russia/Ukraine conflict, economic
        uncertainties have arisen, which may negatively impact the Company's net income and surplus. The extent to which the conflict impacts our business, net income, and surplus, as well as our capital and liquidity position, will depend on future
        developments, which are highly uncertain and cannot be estimated, including the scope and duration of the conflict and actions taken by governmental authorities and other third parties in response to the conflict.
67 of 67
Table of Contents
For Service or More Information
The Statement of Additional Information (SAI)
          contains additional information about the Contract, Allianz Life, and the Separate Account. The SAI is dated the same date as this prospectus, and the SAI is incorporated by reference into this prospectus. This prospectus and the SAI can be found
          online at
allianzlife.com/prospectuses
. You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to contact.us@allianzlife.com.
The SEC maintains a website
sec.gov
. The prospectus, the Form N-4 SAI and other information about the Contract are available on the EDGAR database on the SEC's website. Copies of this information may be obtained,
          upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.
Our Service Center
If you need customer service (for Contract changes,
          information on Contract Values, requesting a withdrawal or transfer, changing your allocation instructions, etc.) please contact our Service Center at
(800) 624-0197
.
To send an application, a check for an additional
          Purchase Payment, or for general customer service, please mail to the appropriate address as follows:
To send an application, a check for an additional Purchase Payment,
or for general customer service, please mail to the appropriate address as follows:
REGULAR MAIL
Allianz Life Insurance Company of North America
P.O. Box 59060
Minneapolis, MN 55459-0060
OVERNIGHT, CERTIFIED, OR REGISTERED MAIL
Allianz Life Insurance Company of North America
5701 Golden Hills Drive
Golden Valley, MN 55416-1297
Checks sent to the wrong address for applications or additional Purchase Payments are forwarded to the 5701 Golden Hills Drive address listed above, which may delay
                  processing.
For general customer service by email, please use
          this address:
contact.us@allianzlife.com
. To send information by email, please use this address: variableannuity@send.allianzlife.com. To send information over the web, please upload
          to your account on our website at:
allianzlife.com
. If you have questions about whether you can submit certain information by email or over the web, please contact our Service Center.
Until May 1, 2023, all dealers that effect
          transactions in these securities may be required to deliver a prospectus.
EDGAR Contract ID No.: C000178978
Allianz Index Advantage NF
®
Variable Annuity Prospectus – April 29, 2022
127
PART II - INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 13.  OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
Securities and Exchange Commission Registration Fee
$ 150,785
--------------
Estimated Printing and Filing Costs:
$   30,000
--------------
Estimated Accounting Fees:
$    75,000
---------------
Estimated Legal Fees:
$        N/A
---------------
Estimated Miscellaneous Fees:
$        N/A
---------------
ITEM 14.  INDEMNIFICATION OF OFFICERS AND DIRECTORS.
The Bylaws of the Insurance Company provide:
ARTICLE XI. INDEMNIFICATION OF DIRECTORS, OFFICERS AND EMPLOYEES
SECTION 1. RIGHT TO INDEMNIFICATION:
(a)
Subject to the conditions of this Article and any conditions or limitations imposed by applicable law, the Corporation shall indemnify any employee, director or officer of the
            Corporation (an "Indemnified Person") who was, is, or in the sole opinion of the Corporation, may reasonably become a party to or otherwise involved in any Proceeding by reason of the fact that such Indemnified Person is or was:
(i)
a director of the Corporation; or
(ii)
acting in the course and scope of his or her duties as an officer or employee of the Corporation; or
(iii)
rendering Professional Services at the request of and for the benefit of the Corporation; or
(iv)
serving at the request of the Corporation as an officer, director, fiduciary or member of another corporation, association, committee, partnership, joint venture, trust, employee
            benefit plan or other enterprise (an "Outside Organization").
(b)
Notwithstanding the foregoing, no officer, director or employee shall be indemnified pursuant to these bylaws under the following circumstances:
(i)
in connection with a Proceeding initiated by such person, in his or her own personal capacity, unless such initiation was authorized by the Board of Directors;
(ii)
if a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful;
(iii)
for acts or omissions involving intentional misconduct or knowing and culpable violation of law;
(iv)
for acts or omissions that the Indemnified Person believes to be contrary to the best interests of the Corporation or its shareholders or that involve the absence of good faith on the
            part of the Indemnified Person;
(v)
for any transaction for which the Indemnified Person derived an improper personal benefit;
(vi)
for acts or omissions that show a reckless disregard for the Indemnified Person's duty to the Corporation or its shareholders in circumstances in which the Indemnified Person was aware
            or should have been aware, in the ordinary course of performing the Indemnified Person's duties, of the risk of serious injury to the Corporation or its shareholders;
(vii)
for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the Indemnified Person's duties to the Corporation or its shareholders;
(viii)
in circumstances where indemnification is prohibited by applicable law;
(ix)
in the case of service as an officer, director, fiduciary or member of an Outside Organization, where the Indemnified Person was aware or should have been aware that the conduct in
            question was outside the scope of the assignment as contemplated by the Corporation.
SECTION 2. SCOPE OF INDEMNIFICATION:
(a)
Indemnification provided pursuant to Section 1(a)(iv) shall be secondary and subordinate to indemnification or insurance provided to an Indemnified Person by an Outside Organization or
            other source, if any.
(b)
Indemnification shall apply to all reasonable expenses, liability and losses, actually incurred or suffered by an Indemnified Person in connection with a Proceeding, including without
            limitation, attorneys' fees and any expenses of establishing a right to indemnification or advancement under this article, judgments, fines, ERISA excise taxes or penalties, amounts paid or to be paid in settlement and all interest, assessments
            and other charges paid or payable in connection with or in respect of such expense, liability and loss.
(c)
Such indemnification shall continue as to any Indemnified Person who has ceased to be an employee, director or officer of the Corporation and shall inure to the benefit of his or her
            heirs, estate, executors and administrators.
SECTION 3. DEFINITIONS:
(a)
"Corporation" for the purpose of Article XI shall mean Allianz Life Insurance Company of North America and all of its subsidiaries.
(b)
"Proceeding" shall mean any threatened, pending, or completed action, suit or proceeding whether civil, criminal, administrative, investigative or otherwise, including actions by or in
            the right of the Corporation to procure a judgment in its favor.
(c)
"Professional Services" shall mean services rendered pursuant to (i) a professional actuarial designation, (ii) a license to engage in the practice of law issued by a State Bar
            Institution or (iii) a Certified Public Accountant designation issued by the American Institute of Certified Public Accountants.
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted for directors and officers or controlling persons of the Insurance Company pursuant to
            the foregoing, or otherwise, the Insurance Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and, therefore, unenforceable. In the event
            that a claim for indemnification against such liabilities (other than the payment by the Insurance Company of expenses incurred or paid by a director, officer or controlling person of the Insurance Company in the successful defense of any
            action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling
            precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
ITEM 15.   RECENT SALES OF UNREGISTERED SECURITIES.
NOT APPLICABLE.
ITEM 16.   EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
(a) Exhibits.
1.(a)
Principal Underwriter Agreement
by and between North American Life and Casualty Company on behalf
            of NALAC Financial Plans, Inc. dated September 14, 1988 incorporated by reference as exhibit EX-99.B3.a. from Pre-Effective Amendment No.1 to Form N-4 (File Nos. 333-06709 and 811-05618), electronically filed on December 13, 1996. (North
            American Life and Casualty Company is the predecessor to Allianz Life Insurance Company of North America. NALAC Financial Plans, Inc., is the predecessor to USAllianz Investor Services, LLC, which is the predecessor to Allianz Life Financial
            Services, LLC.)
(b)
Broker-Dealer Agreement
(amended and restated) between Allianz Life Insurance Company of North
            America and Allianz Life Financial Services, LLC, dated June 1, 2010 incorporated by reference as exhibit EX-99B3b. from Pre-Effective Amendment No. 1 to Form N-4 (File Nos. 333-166408 and 811-05618), electronically filed on September 24, 2010.
(c)
The current specimen of the
selling agreement
between Allianz Life Financial Services, LLC,
            the principal underwriter for the Contracts, and retail brokers which offer and sell the Contracts to the public is incorporated by reference as exhibit EX-99.B3.b. from the initial filing on Form N-4 (File Nos. 333-134267 and 811-05618),
            electronically filed on May 19, 2006.The underwriter has executed versions of the agreement with approximately 2,100 retail brokers.
2.
Not applicable
3. (a)
Articles of Incorporation
, as amended and restated August 1, 2006, of Allianz Life Insurance Company of North   
            America, filed on January 3, 2013 as Exhibit 3(a) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.
(b)
Bylaws, as amended and restated August 1, 2006
, of Allianz Life Insurance Company of North America, filed on January
            3, 2013 as Exhibit 3(b) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.
4.(a)
Individual Variable Annuity Contract, L40538NF
,
            incorporated by reference as Exhibit 4(a) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 14, 2017.
(b)
Contract Schedule Pages, S40875 (Base) and S40877 (Index Options)
,
            incorporated by reference as Exhibit 4(b) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 14, 2017.
(c)(i)
Index Options Contract Schedule Page, S40895-NF-01
, incorporated by
            reference as Exhibit 4(c) from Post-Effective Amendment No. 2 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 17, 2018.
(ii)
Index Options Contract Schedule Page S40877-NF-04
,
            incorporated by reference as Exhibit 4(c)(ii) from Post-Effective Amendment No. 6 to Registrant's Form S-1 (File No. 333-215103), electronically filed on January 22, 2020.
(iii)
Index Options Contract Schedule Page Addendum, S40877-ADD
,
            incorporated by reference as Exhibit 4(c)(iv) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.
(d)
Application for Individual Variable Annuity Contract
–
            IXA-APP-02-NF-0419, incorporated by reference as Exhibit 4(d) from Post-Effective Amendment No. 5 to Registrant's Form S-1 (File No. 333-215103, electronically filed on April 16, 2019.
(e)(i)
Index Performance Strategy Crediting Rider-S40878
,
            incorporated by reference as Exhibit 4(d) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.
(ii)
Index Performance Strategy Rider II –
              S40903
, incorporated by reference as Exhibit 4(e)(ii) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.
(iii)
Inforce Index Performance Strategy Rider II –
              S40903-INFORCE
, incorporated by reference as Exhibit 4(e)(iii) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-230899), electronically filed on January 21, 2020.
(f)
Index Protection Strategy Crediting Rider-S40879
incorporated by reference as Exhibit 4(e) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.
(g)
Traditional Death Benefit Rider-S40880
incorporated by
            reference as Exhibit 4(f) from Pre-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-185864), electronically filed on April 17, 2013.
(h)
Index Guard Strategy Crediting Rider-S40889
,
            incorporated by reference as Exhibit 4(g) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-195462), electronically filed on December 8, 2014.
(i)
Index Precision Strategy Crediting Rider, S40891
,
            incorporated by reference as Exhibit 4(h) from Post-Effective Amendment No. 1 to Registrant's Form S-1 (File No. 333-213125), electronically filed on January 17, 2017.
(j)
Waiver of Withdrawal Charge Rider-S40749
incorporated by reference as exhibit EX-99.B4.f. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-139701 and 811-05618), electronically filed on April 9, 2007.
(k)
I
nherited IRA/Roth IRA Endorsement-S40713
incorporated by reference as
            exhibit EX-99.B4.q. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on September 25, 2006.
(l)
Roth IRA Endorsement-S40342
incorporated by
            reference as exhibit EX-99.B4.l. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on September 25, 2006.
(m)
IRA Endorsement-S40014
incorporated
            by reference as exhibit EX-99.B4.g. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999.
(n)
Unisex Endorsement-(S20146)
incorporated by reference as exhibit EX-99.B4.h. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999.
(o)
Maximum Anniversary Death Benefit Rider
-
            S40897-NF and S40898-NF, incorporated by reference as Exhibit 4(n) from Post-Effective Amendment No. 1 to Registrant's form S-1 (File No. 333-215103), electronically filed on December 15, 2017.
5.*
Opinion re Legality,
filed herewith
8.
Opinion re Tax Matters - not applicable
9.
Not applicable
10.
Material Contracts – not applicable
11.
Not applicable
12.
Not applicable
15.
Not applicable
16.
Not applicable
21.
Not applicable.
23.
(a)*
Consent of Independent Registered Public Accounting Firm
, filed herewith.
(b)    Consent of Counsel, filed as Exhibit 5 to this Registration Statement.
24.
(a)
Board Resolution, effective December 11, 2012
, of the Board of Directors of
              Allianz Life Insurance Company of North America, filed on January 3, 2013 as Exhibit 24(b) to Registrant's initial registration on Form S-1 (File No. 333-185864), is incorporated by reference.
(b)
Form of Board
      Resolution of the Board of Directors of Allianz Life Insurance Company of North America,
effective April 14, 2014, filed on April 14, 2014 as Exhibit 24(d) to Registrant's Post-Effective Amendment No. 2 to Form S-1 (File No. 333-185864), is
    incorporated by reference.
(c)*
Powers of Attorney
, filed herewith.
25.
Not applicable
26.
Not applicable
99.
(a)
Alternative Minimum Value Exhibit
- IXA-032 (05/2020), filed on April 9, 2020 as
              Exhibit 99(a) to Registrant's initial registration on S-1 (File No. 333-237621), is incorporated by reference.
(b)
Appendix B Exhibit – Daily Adjustment Calculation
- IXA-010b (05/2021), filed on April 16, 2021, as Exhibit 99(b)
            to Registrant's initial registration on Form S-1 (File No. 333-255307), is incorporated by reference.
(c)
Transition Representation Letter
- Independent Registered Public Accounting Firm, pursuant to S-K,
            item 304, incorporated by reference as Exhibit 99(c) from Post-Effective Amendment No. 2 to Registrant's Form S-1 (File No. 333-215103), electronically filed on April 17, 2018.
107.*
Filing Fee Table
, filed herewith.
*  Filed herewith
** To be filed by amendment
(b) Financial Statement Schedules
All required financial statement schedules of Allianz Life Insurance Company of North America are included in Part I of
    this registration statement.
ITEM 17.   UNDERTAKINGS.
The undersigned registrant hereby undertakes pursuant to Item 512 of Regulation S-K:
(1)
To file, during any period in which offers or sales are being made, a  post-effective amendment to this registration statement:
(i)
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof)
            which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar
            value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
            424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table  in the effective registration statement.
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
            information in the registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a
            new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
            of the offering.
(4)
That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b)
            as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration
            statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
            incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made
            in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
(5)
That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution
            of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the
            purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such
            purchaser:
(i)
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii)
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the
            undersigned registrant;
(iii)
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or
            its securities provided by or on behalf of the undersigned registrant; and
(iv)
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(6)
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
            persons of the Registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act
            and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in
            the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has
            been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized, in the City of Minneapolis, State of Minnesota, on this 15th day of April, 2022.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
By:
/s/ Jasmine M. Jirele*
Jasmine M. Jirele
Chief Executive Officer, President, and Director
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
    capacities indicated on April 15, 2022.
Signature
Title
Jasmine Jirele
*
Director, President & Chief Executive Officer
Andreas G. Wimmer
*
Board Chair
Walter R. White
*
Director
Udo Frank
*
Director
William E. Gaumond
*
Director, Senior Vice President, Chief Financial Officer and Treasurer (principal accounting officer)
Kevin E. Walker
*
Anna Sophie Herken
*
Director
Director
Howard E. Woolley
*
Director
*By Power of Attorney, filed as Exhibit 24(c) to this Registration Statement.
BY
: /s/ Erik T. Nelson
Erik T. Nelson
Associate General Counsel, Senior Counsel
FORM S-1
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
INDEX TO EXHIBITS
Exhibit
Description of Exhibit
5
Opinion of Counsel
23(a)
Consent of Independent Registered Public Accounting Firm
24(c)
Powers of Attorney
107
Filing Fee Table