<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
        <div style="WIDTH: 600px">
            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><b><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">United States<br>
            Securities and Exchange Commission<br>
            Washington, D. C. 20549<br>
            <br>
            <br>
            Form 8-K<br>
            <br>
            Current Report<br>
            <br>
            <br>
            <br>
            Pursuant to Section 13 or 15(d) of<br>
            the Securities Exchange Act of 1934<br>
            <br>
            <br>
            </font></b><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Date of Report (Date of earliest event</font></b> <b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">reported):</font></b> <b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">March</font></b> <font size="2">11<b>, 2009</b><br>
            <br>
            <br>
            <br>
            </font><b><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">Kansas City Life Insurance Company</font></b><br>
            <font style="FONT-SIZE: 9pt; FONT-FAMILY: 'TIMES NEW ROMAN'">(Exact Name of Registrant as Specified in Charter)</font></p>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="601" border="0">
                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="199">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u>Missouri</u></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="204">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u>2-40764</u></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u>44-0308260</u></b></p>
                    </td>
                </tr>

                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="199">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">(State of Incorporation)</font></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="204">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">(Commission File Number)</font></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="198">
                        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">(IRS Employer Identification No.)</font></b></p>
                    </td>
                </tr>
            </table>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="607" border="0">
                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="421">
                        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">3520 Broadway</font></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="186">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 9.9pt">
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="421">
                        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><u><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Kansas City, Missouri</font></b></u></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="186">
                        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><u><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">64111-2565</font></b></u></p>
                    </td>
                </tr>

                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="421">
                        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'TIMES NEW ROMAN'">(Address of Principal Executive Offices)</font></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="186">
                        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><u><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'TIMES NEW ROMAN'">(Zip Code)</font></u></p>
                    </td>
                </tr>
            </table>

            <p></p>

            <p style="MARGIN-TOP: 6pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="center"><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Telephone Number: (816) 753-7000</font></b></p>

            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u>Not Applicable</u></b></p>

            <p style="MARGIN-TOP: 3pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">(Former name or former address, if changed since last report)</font></p>

            <p></p>

            <p style="MARGIN-TOP: 6pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br>
            [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
            &nbsp;<br>
            [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
            &nbsp;<br>
            [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

            <p></p>

            <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
                <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><a name="PAGENUM">1</a></p>
            </div>
            <!-- PAGE BREAK  -->

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>

            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'" align="justify"><b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Item 2.02 &ndash; Results of Operations and Financial Condition.</font></b></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Included below is a release of financial information mailed to stockholders on</font><font size="2">&nbsp;March 11, 2009<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">.</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">It reflects the
            financial condition, in a condensed format, for Kansas City Life Insurance Company as of</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">December 31, 2008, and was previously included in the Company&rsquo;s</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">fourth</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">quarter Form 10-K</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">report filed on</font>
            <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">February 27, 2009.</font></font></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b>Message from the President, CEO and Chairman of the Board</b></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 14pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Kansas City Life Insurance Company recorded a net loss of $17.1 million or $1.47 per share for the year ended December 31, 2008, compared with net income of $35.7 million or $3.01 per share for the prior year. The decline in earnings for the year was largely the result of realized losses on investments. Excluding the impact of realized
            gains and losses on investments, net earnings after tax were $16.9 million, compared with $32.1 million a year ago.<br>
            &nbsp;<br>
            Results in the fourth quarter were consistent with those for the year, as the Company experienced a net loss of $7.2 million or $0.62 per share. This compares to net income of $6.4 million or $0.54 per share in the fourth quarter of 2007.<br>
            <br>
            The net realized loss for both the year and quarter was the result of the continued deep economic recession. The impact of the recession has been felt across all sectors and has negatively affected values of virtually all financial assets. The Company incurred net realized investment losses after taxes of $34.0 million for the year, including $9.5 million in the fourth quarter, primarily due to write-downs of securities determined to be other-than-temporarily impaired. The economic
            downturn has also affected net investment income through reduced yields and a lower amount of invested assets. As a result, net investment income declined $13.0 million for the year compared with 2007. In spite of the economic environment, the Company continues to maintain a strong capital position and a well diversified investment portfolio. The Company had 96% of its fixed maturity security holdings in investment grade securities at December 31, 2008, up from 94% at December 31,
            2007, and approximately one-third of these investments were in AAA rated investments as of both dates.<br>
            &nbsp;<br>
            Total insurance revenues increased 2% for the year, largely due to a 3% increase in premiums. New premiums increased 20% for the year, led by a 55% increase in the sale of immediate annuities and a 37% increase in group life insurance sales. New individual life premiums increased 5% while group accident and health premiums increased 9%. However, contract charges declined 2%, primarily due to lower balances of certain products. New deposits declined 1% compared with an 8% increase a
            year earlier. This decline largely occurred in the variable life and annuity products, where consumers were affected by the negative performance in the equity markets during the year. New deposits for variable life products declined 22% and new variable annuity deposits declined 13% versus the prior year. However, deposits related to universal life were flat relative to 2007 and fixed deferred annuities increased 15%. Renewal premiums declined 1% and renewal deposits declined 4%
            versus the prior year.<br>
            &nbsp;<br>
            Total benefits and expenses increased 4% in 2008 compared with 2007, primarily due to a $4.4 million increase in death benefits, a $1.8 million increase in the amortization of deferred acquisition costs and value of business acquired and a $4.5 million increase in operating expenses. Mortality experience deteriorated during the year but remained within pricing expectations. The amortization of deferred acquisition costs increased, primarily reflecting a reduction of variable account
            balances due to policyholder withdrawals and a decline in the market value of these account balances. Operating expenses increased in 2008, primarily due to increases in employee medical plan and benefit costs combined with a reduction in employee benefit plan accruals in 2007.<br>
            &nbsp;</font></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; COLOR: #000000; TEXT-INDENT: 0px" align="justify">On January 26, 2009, the Kansas City Life Board of Directors declared a quarterly dividend of $0.27 per share that was paid on February 10, 2009 to stockholders of record as of February 5, 2009.</p>

            <p align="justify"></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">The steep economic downturn has dramatically changed the landscape for many individuals and families, demonstrating the potential impact of unexpected and unforeseen events. Kansas City Life&rsquo;s mission is to ensure that individuals and families are prepared and protected against many of the unpredictable elements of life. Life insurance and its unique attributes
            offer immediate peace of mind, and the power of its protection has been proven repeatedly throughout history. In these uncertain economic times, the Company&rsquo;s field force representatives, comprised of general agents and agents, have been challenged to help their clients and prospective clients fully understand just how important Security Assured can be.<br>
            &nbsp;<br>
            Despite the economic situation, Kansas City Life is prepared to provide quality financial products and services to prospective policyholders and to fulfill its commitment to all of those who already have come to entrust the Company to provide for their future needs. The Company has no long-term debt, a strong capital position and a well diversified investment portfolio. Kansas City Life&rsquo;s dependability has been documented and tested throughout the past 113 years, and the
            Company remains committed to provide Security Assured for future generations.</p>

            <p title="EE+ Page Footer" style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><a name="PAGENUM">2</a></p>
            <!-- NEXT PAGE SECTION BREAK  -->

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>

            <table cellspacing="0" cellpadding="0" width="65%" border="0">
                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 10pt">Consolidated</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 14pt">Balance Sheets</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-WEIGHT: normal">(Thousands)</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">December 31</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">December 31</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2008</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2007</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="17%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Assets</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Investments:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Fixed maturity securities available</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">for sale, at fair value</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">2,342,873</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">2,631,073</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Equity securities available</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">for sale, at fair value</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">44,537</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">59,149</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Mortgage loans</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">445,389</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">450,148</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Short-term investments</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">35,138</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">36,522</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Other investments</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">187,880</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">188,852</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total investments</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,055,817</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,365,744</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Cash</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">9,720</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">12,158</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Deferred acquisition costs</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">263,756</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">217,512</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Value of business acquired</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">82,855</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">73,517</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Income taxes</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">39,628</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">&mdash;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Other assets</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">256,750</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">262,784</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Separate account assets</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">258,565</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">420,393</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total assets</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,967,091</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">4,352,108</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Liabilities</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Future policy benefits</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">853,456</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">$</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">851,823</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Policyholder account balances</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">2,030,656</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">2,087,419</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Notes payable</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">2,900</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">10,400</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Income taxes</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">&mdash;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">40,300</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Other liabilities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">294,407</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">257,372</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Separate account liabilities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">258,565</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">420,393</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total liabilities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,439,984</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,667,707</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Stockholders&rsquo; equity</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Common stock</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">23,121</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">23,121</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Additional paid in capital</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">36,281</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">30,244</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Retained earnings</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">750,600</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">780,133</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Accumulated other</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">comprehensive loss</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(130,799</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(19,811</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Treasury stock</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(152,096</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(129,286</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total stockholders&rsquo; equity</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">527,107</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">684,401</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="53%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total liabilities and equity</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,967,091</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="14%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">4,352,108</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>
            </table>

            <p>&nbsp;</p>

            <div title="PAGENUM" style="MARGIN-TOP: 12pt" align="center">
                <a name="PAGENUM"><font size="2">3</font></a>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%">
            </div>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>

            <table cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 10pt">Consolidated</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="58%" colspan="4">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 14pt">Statements of Income</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-WEIGHT: normal">(Thousands, except share data)</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td valign="bottom" width="22%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">Quarter ended</font></b></p>
                    </td>

                    <td valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td valign="bottom" width="22%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">Year ended</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td valign="bottom" width="22%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">December 31</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td valign="bottom" width="22%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">December 31</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: #000000">2008</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2007</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: #000000">2008</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="10%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2007</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Revenues</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Insurance revenues:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Premiums</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">45,972</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">44,436</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">180,782</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">175,460</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Contract charges</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">27,953</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">28,184</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">109,007</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">111,422</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Reinsurance ceded</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(14,131</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(14,456</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(53,616</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(54,988</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total insurance revenues</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">59,794</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">58,164</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">236,173</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">231,894</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Investment revenues:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Net investment income</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">41,003</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">47,781</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">177,419</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">190,405</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Realized investment gains (losses)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(14,687</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(1,075</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(52,271</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">5,426</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Other revenues</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3,516</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">2,651</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">13,005</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">11,499</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total revenues</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">89,626</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">107,521</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">374,326</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">439,224</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Benefits and expenses</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Policyholder benefits</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">43,894</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">39,823</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">178,749</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">166,458</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Interest credited to policyholder</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">account balances</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">21,780</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">23,096</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">86,899</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">91,215</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Amortization of deferred acquisition costs</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">and value of business acquired</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">12,620</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">10,873</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">42,084</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">40,333</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Operating expenses</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">21,966</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">22,543</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">92,808</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">88,307</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Total benefits and expenses</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">100,260</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">96,335</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">400,540</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">386,313</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Income (loss) before income tax expense (benefit)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(10,634</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">11,186</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(26,214</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">52,911</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Income tax expense (benefit)</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(3,483</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">4,774</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(9,164</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">17,250</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Net income (loss)</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(7,151</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 2pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">6,412</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(17,050</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 2pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">35,661</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Other comprehensive income (loss), net of taxes:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Change in net unrealized gains and losses on</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">securities available for sale</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(16,157</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">16,991</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(89,921</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">6,396</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Change in minimum pension liability</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(21,067</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(1,089</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(21,067</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(1,089</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -18px" align="left">Other comprehensive income (loss)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(37,224</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">15,902</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(110,988</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">5,307</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Comprehensive income (loss)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(44,375</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 2pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">22,314</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(128,038</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 2pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">40,968</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Per common share:</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Net income (loss), basic and diluted</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(0.62</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">0.54</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(1.47</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3.01</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="45%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="8%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="7%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="45%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Cash dividends</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">0.27</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">$</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">0.27</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="0%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="8%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">1.08</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">$</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="7%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">3.08</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="2%">&nbsp;</td>
                </tr>
            </table>

            <p></p>

            <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
                <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
            </div>
            <!-- PAGE BREAK  -->

            <div title="PAGENUM" style="MARGIN-TOP: 12pt" align="center">
                <a name="PAGENUM"><font size="2">4</font></a>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>

            <table cellspacing="0" cellpadding="0" width="62%" border="0">
                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 10pt">Consolidated</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="96%" colspan="7">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-SIZE: 14pt">Statements of Cash Flows</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><i><font style="FONT-WEIGHT: normal">(Thousands)</font></i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td valign="bottom" width="37%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">Year ended</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="37%" colspan="5">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">December 31</font></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2008</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="16%" colspan="2">
                        <p style="MARGIN-TOP: 2pt; FONT-WEIGHT: bold; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt">2007</font></u></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Operating activities</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Net cash provided</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">12,337</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">$</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">32,897</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Investing activities</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Purchases of investments:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Fixed maturity securities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(251,136</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(313,080</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Equity securities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(8,300</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(15,249</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Mortgage loans</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(49,273</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(54,816</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Real estate</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(30,138</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(4,507</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Sales of investments:</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Fixed maturity securities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">33,499</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">168,259</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Equity securities</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">8,811</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">4,583</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Real estate</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">30,613</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">22,457</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Other investment assets</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">5,883</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">7,930</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Maturities and principal paydowns</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">of investments</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">308,981</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">259,435</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Net dispositions (additions) to</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">property and equipment</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">3</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(969</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Proceeds from sale of</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">non insurance affiliate</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">&mdash;</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">10,104</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Net cash provided</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">48,943</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">84,147</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><b><i>Financing activities</i></b></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Proceeds from borrowings</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">100,962</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">122,830</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Repayment of borrowings</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(108,462</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(127,130</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left"><font style="COLOR: #000000">Deposits on policyholder account</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">balances</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">200,465</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">205,767</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Withdrawals from policyholder</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">account balances</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(240,508</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(294,799</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Net transfers from separate accounts</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">8,556</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">11,706</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Change in other deposits</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">4,525</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">13,703</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Cash dividends to stockholders</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(12,483</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(36,420</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Net acquisition of treasury stock</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(16,773</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">(4,451</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Net cash used</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(63,718</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(108,794</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #ffffff 0.5pt solid" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Increase (decrease) in cash</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">(2,438</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">)</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">8,250</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">Cash at beginning of year</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">12,158</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right"><font style="COLOR: #000000">3,908</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="55%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="12%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>

                <tr>
                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" valign="bottom" width="55%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -18px" align="left">Cash at end of period</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">9,720</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="3%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">$</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 3pt double" valign="bottom" width="12%">
                        <p style="MARGIN-TOP: 2pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">12,158</p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none" valign="bottom" width="3%">&nbsp;</td>
                </tr>
            </table>

            <p></p>

            <div title="PAGENUM" style="MARGIN-TOP: 12pt" align="center">
                <a name="PAGENUM"><font size="2">5</font></a>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%">
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">Notes</p>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="372" border="0">
                <tr>
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="32">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8.5pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">&bull;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="340" rowspan="4">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">Net income per common share was based upon the average number of shares outstanding of 11,446,029 and 11,795,878 for the fourth quarters and 11,566,805 and 11,836,213 for the years ended December 31, 2008 and 2007, respectively.</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 13.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 12.8pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="32">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8.5pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">&bull;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="340" rowspan="3">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">Cash dividends include a one-time special dividend of $2.00 per share, paid on February 13, 2007.</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 12.8pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="32">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8.5pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">&bull;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="340" rowspan="4">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">These financial statements should be read in conjunction with the Company's Form 10-K. Please refer to the Company's Form 10-K as filed with the U.S. Securities and Exchange Commission.</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 16.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 13.5pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>

                <tr style="HEIGHT: 12.8pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="32">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8.5pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">&bull;</font></p>
                    </td>

                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="340" rowspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt; COLOR: #000000; FONT-FAMILY: 'TIMES NEW ROMAN'">Certain immaterial amounts in prior years have been reclassified to conform with the current year presentation.</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 39.8pt">
                    <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="bottom" width="32">&nbsp;</td>
                </tr>
            </table>

            <p></p>

            <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
                <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>
            </div>
            <!-- PAGE BREAK  -->

            <div title="PAGENUM" style="MARGIN-TOP: 12pt" align="center">
                <a name="PAGENUM"><font size="2">6</font></a>
            </div>

            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 36px; FONT-FAMILY: 'TIMES NEW ROMAN'" align="center"><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">Signature</font></p>

            <p></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.<br>
            &nbsp;</p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>
            KANSAS CITY LIFE INSURANCE COMPANY</u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            (Registrant)</p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp;
            <u>/s/&nbsp;James F. Aldrich</u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.5in" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James F. Aldrich,<br>
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Associate General Counsel</p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES NEW ROMAN'; TEXT-DECORATION: underline" align="left"><u><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">March 11, 2009</font></u></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">(Date)</p>

            <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
                <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>

                <div title="PAGENUM" style="MARGIN-TOP: 12pt" align="center">
                    <a name="PAGENUM">7</a>
                </div>
            </div>
        </div>
    </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "kclform8k122008.htm", "description": "4TH QUARTER FINANCIALS", "secsgml_size_bytes": 316277}]
{"company-data": {"conformed-name": "KANSAS CITY LIFE INSURANCE CO", "cik": "0000054473", "assigned-sic": "6311", "irs-number": "440308260", "state-of-incorporation": "MO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33348", "film-number": "09672855"}, "business-address": {"street1": "3520 BROADWAY", "city": "KANSAS CITY", "state": "MO", "zip": "64111-2565", "phone": "8167537299X8296"}, "mail-address": {"street1": "3520 BROADWAY", "city": "KANSAS CITY", "state": "MO", "zip": "64111-2565"}}
United States
Securities and Exchange Commission
Washington, D. C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
March
11
, 2009
Kansas City Life Insurance Company
(Exact Name of Registrant as Specified in Charter)
Missouri
2-40764
44-0308260
(State of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3520 Broadway
Kansas City, Missouri
64111-2565
(Address of Principal Executive Offices)
(Zip Code)
Telephone Number: (816) 753-7000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 2.02 – Results of Operations and Financial Condition.
Included below is a release of financial information mailed to stockholders on
March 11, 2009
.
It reflects the
            financial condition, in a condensed format, for Kansas City Life Insurance Company as of
December 31, 2008, and was previously included in the Company's
fourth
quarter Form 10-K
report filed on
February 27, 2009.
Message from the President, CEO and Chairman of the Board
Kansas City Life Insurance Company recorded a net loss of $17.1 million or $1.47 per share for the year ended December 31, 2008, compared with net income of $35.7 million or $3.01 per share for the prior year. The decline in earnings for the year was largely the result of realized losses on investments. Excluding the impact of realized
            gains and losses on investments, net earnings after tax were $16.9 million, compared with $32.1 million a year ago.
Results in the fourth quarter were consistent with those for the year, as the Company experienced a net loss of $7.2 million or $0.62 per share. This compares to net income of $6.4 million or $0.54 per share in the fourth quarter of 2007.
The net realized loss for both the year and quarter was the result of the continued deep economic recession. The impact of the recession has been felt across all sectors and has negatively affected values of virtually all financial assets. The Company incurred net realized investment losses after taxes of $34.0 million for the year, including $9.5 million in the fourth quarter, primarily due to write-downs of securities determined to be other-than-temporarily impaired. The economic
            downturn has also affected net investment income through reduced yields and a lower amount of invested assets. As a result, net investment income declined $13.0 million for the year compared with 2007. In spite of the economic environment, the Company continues to maintain a strong capital position and a well diversified investment portfolio. The Company had 96% of its fixed maturity security holdings in investment grade securities at December 31, 2008, up from 94% at December 31,
            2007, and approximately one-third of these investments were in AAA rated investments as of both dates.
Total insurance revenues increased 2% for the year, largely due to a 3% increase in premiums. New premiums increased 20% for the year, led by a 55% increase in the sale of immediate annuities and a 37% increase in group life insurance sales. New individual life premiums increased 5% while group accident and health premiums increased 9%. However, contract charges declined 2%, primarily due to lower balances of certain products. New deposits declined 1% compared with an 8% increase a
            year earlier. This decline largely occurred in the variable life and annuity products, where consumers were affected by the negative performance in the equity markets during the year. New deposits for variable life products declined 22% and new variable annuity deposits declined 13% versus the prior year. However, deposits related to universal life were flat relative to 2007 and fixed deferred annuities increased 15%. Renewal premiums declined 1% and renewal deposits declined 4%
            versus the prior year.
Total benefits and expenses increased 4% in 2008 compared with 2007, primarily due to a $4.4 million increase in death benefits, a $1.8 million increase in the amortization of deferred acquisition costs and value of business acquired and a $4.5 million increase in operating expenses. Mortality experience deteriorated during the year but remained within pricing expectations. The amortization of deferred acquisition costs increased, primarily reflecting a reduction of variable account
            balances due to policyholder withdrawals and a decline in the market value of these account balances. Operating expenses increased in 2008, primarily due to increases in employee medical plan and benefit costs combined with a reduction in employee benefit plan accruals in 2007.
On January 26, 2009, the Kansas City Life Board of Directors declared a quarterly dividend of $0.27 per share that was paid on February 10, 2009 to stockholders of record as of February 5, 2009.
The steep economic downturn has dramatically changed the landscape for many individuals and families, demonstrating the potential impact of unexpected and unforeseen events. Kansas City Life's mission is to ensure that individuals and families are prepared and protected against many of the unpredictable elements of life. Life insurance and its unique attributes
            offer immediate peace of mind, and the power of its protection has been proven repeatedly throughout history. In these uncertain economic times, the Company's field force representatives, comprised of general agents and agents, have been challenged to help their clients and prospective clients fully understand just how important Security Assured can be.
Despite the economic situation, Kansas City Life is prepared to provide quality financial products and services to prospective policyholders and to fulfill its commitment to all of those who already have come to entrust the Company to provide for their future needs. The Company has no long-term debt, a strong capital position and a well diversified investment portfolio. Kansas City Life's dependability has been documented and tested throughout the past 113 years, and the
            Company remains committed to provide Security Assured for future generations.
2
Consolidated
Balance Sheets
(Thousands)
December 31
December 31
2008
2007
Assets
Investments:
Fixed maturity securities available
for sale, at fair value
$
2,342,873
$
2,631,073
Equity securities available
for sale, at fair value
44,537
59,149
Mortgage loans
445,389
450,148
Short-term investments
35,138
36,522
Other investments
187,880
188,852
Total investments
3,055,817
3,365,744
Cash
9,720
12,158
Deferred acquisition costs
263,756
217,512
Value of business acquired
82,855
73,517
Income taxes
39,628
—
Other assets
256,750
262,784
Separate account assets
258,565
420,393
Total assets
$
3,967,091
$
4,352,108
Liabilities
Future policy benefits
$
853,456
$
851,823
Policyholder account balances
2,030,656
2,087,419
Notes payable
2,900
10,400
Income taxes
—
40,300
Other liabilities
294,407
257,372
Separate account liabilities
258,565
420,393
Total liabilities
3,439,984
3,667,707
Stockholders' equity
Common stock
23,121
23,121
Additional paid in capital
36,281
30,244
Retained earnings
750,600
780,133
Accumulated other
comprehensive loss
(130,799
)
(19,811
)
Treasury stock
(152,096
)
(129,286
)
Total stockholders' equity
527,107
684,401
Total liabilities and equity
$
3,967,091
$
4,352,108
3
Consolidated
Statements of Income
(Thousands, except share data)
Quarter ended
Year ended
December 31
December 31
2008
2007
2008
2007
Revenues
Insurance revenues:
Premiums
$
45,972
$
44,436
$
180,782
$
175,460
Contract charges
27,953
28,184
109,007
111,422
Reinsurance ceded
(14,131
)
(14,456
)
(53,616
)
(54,988
)
Total insurance revenues
59,794
58,164
236,173
231,894
Investment revenues:
Net investment income
41,003
47,781
177,419
190,405
Realized investment gains (losses)
(14,687
)
(1,075
)
(52,271
)
5,426
Other revenues
3,516
2,651
13,005
11,499
Total revenues
89,626
107,521
374,326
439,224
Benefits and expenses
Policyholder benefits
43,894
39,823
178,749
166,458
Interest credited to policyholder
account balances
21,780
23,096
86,899
91,215
Amortization of deferred acquisition costs
and value of business acquired
12,620
10,873
42,084
40,333
Operating expenses
21,966
22,543
92,808
88,307
Total benefits and expenses
100,260
96,335
400,540
386,313
Income (loss) before income tax expense (benefit)
(10,634
)
11,186
(26,214
)
52,911
Income tax expense (benefit)
(3,483
)
4,774
(9,164
)
17,250
Net income (loss)
$
(7,151
)
$
6,412
$
(17,050
)
$
35,661
Other comprehensive income (loss), net of taxes:
Change in net unrealized gains and losses on
securities available for sale
$
(16,157
)
$
16,991
$
(89,921
)
$
6,396
Change in minimum pension liability
(21,067
)
(1,089
)
(21,067
)
(1,089
)
Other comprehensive income (loss)
(37,224
)
15,902
(110,988
)
5,307
Comprehensive income (loss)
$
(44,375
)
$
22,314
$
(128,038
)
$
40,968
Per common share:
Net income (loss), basic and diluted
$
(0.62
)
$
0.54
$
(1.47
)
$
3.01
Cash dividends
$
0.27
$
0.27
$
1.08
$
3.08
4
Consolidated
Statements of Cash Flows
(Thousands)
Year ended
December 31
2008
2007
Operating activities
Net cash provided
$
12,337
$
32,897
Investing activities
Purchases of investments:
Fixed maturity securities
(251,136
)
(313,080
)
Equity securities
(8,300
)
(15,249
)
Mortgage loans
(49,273
)
(54,816
)
Real estate
(30,138
)
(4,507
)
Sales of investments:
Fixed maturity securities
33,499
168,259
Equity securities
8,811
4,583
Real estate
30,613
22,457
Other investment assets
5,883
7,930
Maturities and principal paydowns
of investments
308,981
259,435
Net dispositions (additions) to
property and equipment
3
(969
)
Proceeds from sale of
non insurance affiliate
—
10,104
Net cash provided
48,943
84,147
Financing activities
Proceeds from borrowings
100,962
122,830
Repayment of borrowings
(108,462
)
(127,130
)
Deposits on policyholder account
balances
200,465
205,767
Withdrawals from policyholder
account balances
(240,508
)
(294,799
)
Net transfers from separate accounts
8,556
11,706
Change in other deposits
4,525
13,703
Cash dividends to stockholders
(12,483
)
(36,420
)
Net acquisition of treasury stock
(16,773
)
(4,451
)
Net cash used
(63,718
)
(108,794
)
Increase (decrease) in cash
(2,438
)
8,250
Cash at beginning of year
12,158
3,908
Cash at end of period
$
9,720
$
12,158
5
Notes
•
Net income per common share was based upon the average number of shares outstanding of 11,446,029 and 11,795,878 for the fourth quarters and 11,566,805 and 11,836,213 for the years ended December 31, 2008 and 2007, respectively.
•
Cash dividends include a one-time special dividend of $2.00 per share, paid on February 13, 2007.
•
These financial statements should be read in conjunction with the Company's Form 10-K. Please refer to the Company's Form 10-K as filed with the U.S. Securities and Exchange Commission.
•
Certain immaterial amounts in prior years have been reclassified to conform with the current year presentation.
6
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
KANSAS CITY LIFE INSURANCE COMPANY
(Registrant)
By:
/s/ James F. Aldrich
James F. Aldrich,
Associate General Counsel
March 11, 2009
(Date)
7