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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>United States</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'> <b><font size=2>Securities and Exchange Commission</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Washington, D. C. 20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Form 8-K</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Current Report</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section 13 or 15(d) of</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>the Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Date of Report (Date of earliest event reported):  </font><font size=2>August 16, 2005</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2><u>Kansas City Life Insurance Company</u></font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2> </font><font size=2>(Exact Name of Registrant as Specified in Charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2><u>Missouri</u></font></b></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2><u>2-40764</u></font></b></p> </td>
        <td width="85" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2><u>44-0308260</u></font></b></p> </td>
        <td  width="37">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(State of Incorporation)</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Commission File Number)</font></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(IRS Employer Identification No.)</font></p> </td> </tr>
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        <td width="41" ></td>

        <td width="289" ></td>

        <td width="65" ></td>

        <td width="280" ></td>

        <td width="96" ></td>

        <td width="131" ></td>

        <td width="57" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="548" style=' margin-left:38.25pt;border-collapse:collapse'>
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        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
        <td width="109" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>3520 Broadway</font></b></p>  </td>
        <td   colspan="4">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2><u>Kansas City, Missouri</u>  </font></b></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2><u>64111-2565</u></font></b></p> </td> </tr>
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        <td  colspan="5" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Address of Principal Executive Offices)</font></p> </td>
        <td width="75" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Zip Code)</font></p> </td>
        <td  width="9">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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        <td width="49" ></td>

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        <td width="167" ></td>

        <td width="461" ></td>

        <td width="5" ></td>

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        <td width="14" ></td> </tr> </table>



<p style=' margin-bottom:12pt; margin-top:6pt;text-align:center;'><b><font size=2>Telephone Number: (816) 753-7000</font></b></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:center;'><b><font size=2><u>Not Applicable</u></font></b></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:center;'><font size=2>(Former name or former address, if changed since last report)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:6pt;text-align:left;'><font size=2>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:</font></p>

<p style=' margin-bottom:12pt; margin-top:6pt;text-align:left;'><font size=2><font face=Wingdings>o</font>  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font>  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font>  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o</font>  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 1 of  7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height: 150%;'><b><font size=2>Item 2.02 &#150; Results of Operations and Financial Condition.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Included below is a release of financial information mailed to stockholders on August 16, 2005.  It reflects the financial condition, in a condensed format, for Kansas City Life Insurance Company as of June 30, 2005,
 and was previously included in the Company's second quarter Form 10-Q report filed on August 8, 2005.   </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Message from the President and CEO</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Kansas City Life Insurance Company recorded second quarter net income of $8.4 million or $0.71 per share, a 12% improvement from the prior year&#146;s $7.5 million or $0.63 per share.  The increase was primarily the result of a $5.5 million reduction in benefits and expenses, although these improvements were partially offset by declines in insurance revenues.   </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Net income for the six months ended June 30, 2005 was $16.4 million or $1.37 per share.  This represents a 25% increase from earnings of $13.1 million or $1.10 per share for the same period last year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Insurance revenues declined 4% for the second quarter and 3% for the six month period, primarily due to lower premiums and contract charges.  New sale premiums declined 6% for the second quarter and 4% for the six month period.  Premiums from immediate annuities increased 15% for the second quarter and 34% for the six months.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Net investment income declined 3% for both the second quarter and six month period.  Although the yield earned on the Company&#146;s investment portfolio has been negatively affected by the low interest rate environment in prior periods and expenses related to real estate investments have increased, gross investment income has remained stable during the first two quarters of the year.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The largest factor in the second quarter reduction in benefits and expenses was a decline in the amortization of deferred acquisition costs.  This change was due to a change in estimates, which reduced both contract charges and the amortization of deferred acquisition costs, and resulted in an additional $1.3 million in income before tax.  Other favorable changes in benefits and expenses included reduced policyholder benefits, primarily due to improved mortality and lower benefits on group accident and health products.  The lower interest rate environment resulted in reduced interest credited to policyholder account balances for both the quarter and six month periods.  Finally, operating expenses declined $1.4 million in the second quarter and $3.3 million for the six month period, primarily due to efficiencies gained through the consolidation of GuideOne operating activities.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company is resolute in its pursuit of growth through improved new sales production from its existing network of agencies and agents, as well as the expansion of this network through recruitment of new, additional agencies and agents.  We are truly excited about the growth opportunities that are present in our core business of providing life insurance and we look forward to reporting upon these growth opportunities in the future.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>The Company is also pleased to announce that its Board of Directors has approved a quarterly dividend of $0.27 per share to be paid August 23, 2005 to shareholders of record as of August 18, 2005.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 2 of  7</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Consolidated</font></b></i><b><i></i></b></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td  nowrap colspan="3" valign=bottom style=' border-bottom:solid black 1.5pt;padding:.45pt .45pt 0in .45pt; height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=3>Balance Sheets</font></b></i><b><i></i></b></p> </td>
        <td width="13" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.45pt .45pt 0in .45pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.45pt .45pt 0in .45pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.45pt .45pt 0in .45pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.45pt .45pt 0in .45pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.45pt .45pt 0in .45pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td> </tr>
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        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(Thousands)</font></i><i></i></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>December 31</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:63.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2005</font></u><u></u></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2004</font></u><u></u></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i><font size=1>(Unaudited)</font></i><i></i></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Assets</font></b></i><b><i></i></b></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Investments:</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fixed maturity securities available</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>for sale, at fair value</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,976,315 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,962,114 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Equity securities available</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>for sale, at fair value</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>59,319 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>63,099 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Mortgage loans</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>461,821 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>430,632 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Short-term investments</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>18,740 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>67,980 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Other investments</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>199,088 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>202,146 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Total investments</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3,715,283 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3,725,971 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Cash</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>13,037 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:27.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,147 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Deferred acquisition costs</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>226,299 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>229,712 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Value of business acquired</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>91,975 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>96,853 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other assets</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>257,190 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>255,480 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Separate account assets</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>353,195 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>353,983 </font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Total assets</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,656,979 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,666,146 </font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Liabilities</font></b></i><b><i></i></b></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Future policy benefits</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>856,967 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>859,890 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Policyholder account balances</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,296,112 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,299,647 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Notes payable</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>67,897 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>92,220 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Income taxes</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>57,461 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>53,703 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other liabilities</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>312,755 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>313,807 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Separate account liabilities</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>353,195 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>353,983 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Total liabilities</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3,944,387 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>3,973,250 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Stockholders&#146; equity</font></b></i><b><i></i></b></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Common stock</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>23,121 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>23,121 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Additional paid in capital</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>24,720 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>24,279 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Retained earnings</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>743,444 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>733,499 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Accumulated other  </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>comprehensive income</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>37,211 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>26,231 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Less treasury stock</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(115,904)</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(114,234)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Total stockholders&#146; equity</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>712,592 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black .5pt;padding:.45pt .45pt 0in .45pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>692,896 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="185" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Total liabilities and equity</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="68" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,656,979 </font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:.45pt .45pt 0in .45pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,666,146 </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="55%" style=' border-collapse:collapse'>
    <tr style='height:12.75pt'>
        <td width="400" nowrap valign=bottom style='padding:.45pt .45pt 0in .45pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i><font size=1>See accompanying Notes to Consolidated Financial Statements.</font></i><i></i></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 3 of  7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="90%" style=' border-collapse:collapse'>
    <tr style='height:13.5pt'>
        <td width="252" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Consolidated</font></b></i><b><i></i></b></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:20.25pt'>
        <td  nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.5pt;padding:.75pt .75pt 0in .75pt; height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=3>Statements of Income  </font><font size=2> (Unaudited)</font></b></i><b><i></i></b></p> </td>
        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='border-bottom: solid black 1.5pt;padding:.75pt .75pt 0in .75pt;height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="252" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(Thousands, except share data)</font></i><i></i></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="56" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="90%" style=' border-collapse:collapse'>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Quarter ended</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Six Months ended</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2005</font></u><u></u></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2004</font></u><u></u></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2005</font></u><u></u></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2004</font></u><u></u></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Revenues                                                                      </font></b></i><b><i></i></b></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Insurance revenues:</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Premiums</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$                </font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>46,036 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$                </font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>47,319 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$                </font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>92,461 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$                </font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>94,370 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Contract charges</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>28,135 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>29,381 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>56,897 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>58,530 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Reinsurance ceded</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(14,090)</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(14,342)</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:10.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(27,699)</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(26,860)</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Total insurance revenues</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>60,081 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>62,358 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>121,659 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>126,040 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Investment revenues:</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Net investment income</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>46,861 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>48,391 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>95,651 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>99,118 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Realized investment gains (losses)</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>(378)</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>724 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>957 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>1,527 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other revenues</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>2,649 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>1,734 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>5,216 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>4,268 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Total revenues</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>109,213 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>113,207 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>223,483 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>230,953 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Benefits and expenses</font></b></i><b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Policyholder benefits</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>43,711 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>45,490 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>89,435 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>95,958 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="4" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Interest credited to policyholder account balances</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>22,698 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>23,038 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>45,908 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>47,347 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Amortization of deferred acquisition costs</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>and value of business acquired</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>8,640 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>10,612 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>19,305 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>20,460 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Operating expenses</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>22,508 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>23,872 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>46,286 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>49,611 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Total benefits and expenses</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>97,557 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>103,012 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>200,934 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:12.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>213,376 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Income before income tax expense </font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>11,656 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>10,195 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>22,549 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>17,577 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Income tax expense </font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>3,231 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>2,673 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>6,164 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='border-bottom: solid black .5pt;padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>4,460 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.2pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Net income </font></b></i><b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='border-bottom: double black 2.25pt;padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>8,425 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='border-bottom: double black 2.25pt;padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:21.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>7,522 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="59" valign=top style='border-bottom: double black 2.25pt;padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:16.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>16,385 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='border-bottom: double black 2.25pt;padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:17.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>13,117 </font></p> </td> </tr>
    <tr style='height:13.2pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<i></i></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:13.2pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td  colspan="3" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Per common share:</font></b></i><b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<i></i></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Net income, basic and diluted</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.71 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.63 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>1.37 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>1.10 </font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<b><i></i></b></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="242" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.5pt'>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Cash dividends</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.27 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.27 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="59" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.54 </font></p> </td>
        <td width="7" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'>&nbsp;</p> </td>
        <td width="13" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="60" valign=top style='padding:0in 1.5pt 0in 1.5pt; height:12.5pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>0.54 </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="90%" style=' border-collapse:collapse'>
    <tr style='height:12.75pt'>
        <td width="600" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i><font size=1>See accompanying Notes to Consolidated Financial Statements.</font></i><i></i></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 4 of  7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="55%" style=' border-collapse:collapse'>
    <tr style='height:13.5pt'>
        <td width="177" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Consolidated</font></b></i><b><i></i></b></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="61" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:20.25pt'>
        <td  nowrap colspan="6" valign=bottom style='border: none;border-bottom:solid black 1.5pt;border-color:black;padding:.75pt .75pt 0in .75pt; height:20.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=3>Statements of Cash Flows </font><font size=2>(Unaudited)</font></b></i><b><i></i></b></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="177" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><font size=2>(Thousands)</font></i><i></i></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="65" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="61" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="55%" style=' border-collapse:collapse'>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Six Months ended</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>June 30</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<i></i></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2005</font></u><u></u></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2004</font></u><u></u></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<i></i></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Operating activities</font></b></i><b><i></i></b></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Net cash provided</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="70" nowrap valign=bottom style=' border-bottom:solid black .5pt;padding:.75pt .75pt 0in .75pt;height: 12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>23,287 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="67" nowrap valign=bottom style=' border-bottom:solid black .5pt;padding:.75pt .75pt 0in .75pt;height: 12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>38,744 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<i></i></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Investing activities</font></b></i><b><i></i></b></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Purchases of investments:</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fixed maturity securities</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(302,895)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(475,685)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Equity securities</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1,433)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2,077)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Mortgage loans</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(64,943)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(26,252)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other investment assets</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(390,668)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(404,831)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Sales of investments:</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fixed maturity securities</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>89,312 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>80,424 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Equity securities</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5,226 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,476 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Other investment assets</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>442,439 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>446,341 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Maturities and principal paydowns</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>of other investments</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>239,768 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>304,016 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Net additions to property and </font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>equipment</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(433)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(712)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Net cash provided (used)</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='border-top:solid black .5pt; border-left:none;border-bottom:solid black .5pt;border-right:none; padding:.75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>16,373 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='border-top:solid black .5pt; border-left:none;border-bottom:solid black .5pt;border-right:none; padding:.75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(76,300)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>&nbsp;<b><i></i></b></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><b><font size=2>Financing activities</font></b></i><b><i></i></b></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Proceeds from borrowings</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>22,264 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1,306 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Repayment of borrowings</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(46,587)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5,759)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Deposits on policyholder account</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>balances</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>126,008 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>139,090 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Withdrawals from policyholder  </font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>account balances</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:9.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(119,253)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:6.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(103,294)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Net transfers to separate accounts</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>318 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(7,805)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Change in other deposits</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(5,851)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>2,093 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Cash dividends to stockholders</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6,439)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(6,545)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Net disposition (acquisition) of </font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>treasury stock</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1,230)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>139 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Net cash provided (used)</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='border-top:solid black .5pt; border-left:none;border-bottom:solid black .5pt;border-right:none; padding:.75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(30,770)</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='border-top:solid black .5pt; border-left:none;border-bottom:solid black .5pt;border-right:none; padding:.75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>19,225 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Increase (decrease) in cash</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>8,890 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(18,331)</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td  nowrap colspan="3" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Cash at beginning of year</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style=' border-bottom:solid black .5pt;padding:.75pt .75pt 0in .75pt;height: 12.75pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>4,147 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style=' border-bottom:solid black .5pt;padding:.75pt .75pt 0in .75pt;height: 12.75pt'>
            <p style='margin-left:0pt;text-indent:13.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>20,029 </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="140" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="70" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="67" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:13.5pt'>
        <td width="19" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding: .75pt .75pt 0in .75pt;height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>Cash at end of period</font></p> </td>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="70" nowrap valign=bottom style=' border-bottom:double black 2.25pt;padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>13,037 </font></p> </td>
        <td width="4" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=2>$</font></p> </td>
        <td width="67" nowrap valign=bottom style=' border-bottom:double black 2.25pt;padding:.75pt .75pt 0in .75pt; height:13.5pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1,698 </font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="55%" style=' border-collapse:collapse'>
    <tr style='height:12.75pt'>
        <td width="340" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><i><font size=1>See accompanying Notes to Consolidated Financial Statements.</font></i><i></i></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 5 of  7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0in;text-align:left;line-height: 150%;'><i><b><font size=2>Notes</font></b></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="77%" style=' border-collapse:collapse'>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&#149;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Comprehensive income (loss) was $41,868 and $(48,998) for the second </font></p> </td> </tr>
    <tr style='display:none'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>respectively.  </p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>quarter of 2005 and 2004; and $27,365 and $(17,501) for the six months  </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>ended June 30, 2005 and 2004, respectively.  This varies from net </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>income largely due to unrealized gains or losses on  investments.</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&#149;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Income per common share is based upon the weighted average</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>number of shares outstanding for the six months, 11,925,998</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>shares (11,926,817 shares - 2004).</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&#149;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>These financial statements are unaudited but, in management&#146;s opinion,</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>include all adjustments necessary for a fair presentation of the results.</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&#149;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Certain amounts in prior years have been reclassified to conform with </font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="12" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="471" nowrap valign=bottom style='padding:.75pt .75pt 0in .75pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:30pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>the current year presentation.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:center;'><font size=2>&nbsp;</font></p>




<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 6 of  7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p STYLE=' MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT;TEXT-ALIGN:CENTER;LINE-HEIGHT: 150%;'><B><FONT SIZE=2>SIGNATURE</FONT></B></P>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>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.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="288" style=' margin-left:3.0in;border-collapse:collapse'>
    <tr>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font SIZE=2>KANSAS CITY LIFE INSURANCE COMPANY</font></u></p> </td> </tr>
    <tr >
        <td  width="96">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
        <td width="84" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Registrant)</font></p> </td>
        <td  width="108">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="96" ></td>

        <td width="84" ></td>

        <td width="108" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="267" style=' margin-left:3.0in;border-collapse:collapse'>
    <tr>
        <td width="267" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:<u>/s/William A. Schalekamp</u></font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>William A. Schalekamp, </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Senior Vice President, </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>General Counsel &amp; Secretary</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><font size=2>August 16, 2005</font></u></p>


<table border="0" cellspacing=0 cellpadding=0 width="53" style=' margin-left:17.25pt;border-collapse:collapse'>
    <tr>
        <td width="53" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Date)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Page 7 of  7</font></p>

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{"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": "002-40764", "film-number": "051029553"}, "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):
August 16, 2005
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Page 1 of  7
Item 2.02 – Results of Operations and Financial Condition.
Included below is a release of financial information mailed to stockholders on August 16, 2005.  It reflects the financial condition, in a condensed format, for Kansas City Life Insurance Company as of June 30, 2005,
 and was previously included in the Company's second quarter Form 10-Q report filed on August 8, 2005.
Message from the President and CEO
Kansas City Life Insurance Company recorded second quarter net income of $8.4 million or $0.71 per share, a 12% improvement from the prior year's $7.5 million or $0.63 per share.  The increase was primarily the result of a $5.5 million reduction in benefits and expenses, although these improvements were partially offset by declines in insurance revenues.
Net income for the six months ended June 30, 2005 was $16.4 million or $1.37 per share.  This represents a 25% increase from earnings of $13.1 million or $1.10 per share for the same period last year.
Insurance revenues declined 4% for the second quarter and 3% for the six month period, primarily due to lower premiums and contract charges.  New sale premiums declined 6% for the second quarter and 4% for the six month period.  Premiums from immediate annuities increased 15% for the second quarter and 34% for the six months.
Net investment income declined 3% for both the second quarter and six month period.  Although the yield earned on the Company's investment portfolio has been negatively affected by the low interest rate environment in prior periods and expenses related to real estate investments have increased, gross investment income has remained stable during the first two quarters of the year.
The largest factor in the second quarter reduction in benefits and expenses was a decline in the amortization of deferred acquisition costs.  This change was due to a change in estimates, which reduced both contract charges and the amortization of deferred acquisition costs, and resulted in an additional $1.3 million in income before tax.  Other favorable changes in benefits and expenses included reduced policyholder benefits, primarily due to improved mortality and lower benefits on group accident and health products.  The lower interest rate environment resulted in reduced interest credited to policyholder account balances for both the quarter and six month periods.  Finally, operating expenses declined $1.4 million in the second quarter and $3.3 million for the six month period, primarily due to efficiencies gained through the consolidation of GuideOne operating activities.
The Company is resolute in its pursuit of growth through improved new sales production from its existing network of agencies and agents, as well as the expansion of this network through recruitment of new, additional agencies and agents.  We are truly excited about the growth opportunities that are present in our core business of providing life insurance and we look forward to reporting upon these growth opportunities in the future.
The Company is also pleased to announce that its Board of Directors has approved a quarterly dividend of $0.27 per share to be paid August 23, 2005 to shareholders of record as of August 18, 2005.
Page 2 of  7
Consolidated
Balance Sheets
(Thousands)
June 30
December 31
2005
2004
(Unaudited)
Assets
Investments:
Fixed maturity securities available
for sale, at fair value
$
2,976,315
$
2,962,114
Equity securities available
for sale, at fair value
59,319
63,099
Mortgage loans
461,821
430,632
Short-term investments
18,740
67,980
Other investments
199,088
202,146
Total investments
3,715,283
3,725,971
Cash
13,037
4,147
Deferred acquisition costs
226,299
229,712
Value of business acquired
91,975
96,853
Other assets
257,190
255,480
Separate account assets
353,195
353,983
Total assets
$
4,656,979
$
4,666,146
Liabilities
Future policy benefits
$
856,967
$
859,890
Policyholder account balances
2,296,112
2,299,647
Notes payable
67,897
92,220
Income taxes
57,461
53,703
Other liabilities
312,755
313,807
Separate account liabilities
353,195
353,983
Total liabilities
3,944,387
3,973,250
Stockholders' equity
Common stock
23,121
23,121
Additional paid in capital
24,720
24,279
Retained earnings
743,444
733,499
Accumulated other
comprehensive income
37,211
26,231
Less treasury stock
(115,904)
(114,234)
Total stockholders' equity
712,592
692,896
Total liabilities and equity
$
4,656,979
$
4,666,146
See accompanying Notes to Consolidated Financial Statements.
Page 3 of  7
Consolidated
Statements of Income
(Unaudited)
(Thousands, except share data)
Quarter ended
Six Months ended
June 30
June 30
2005
2004
2005
2004
Revenues
Insurance revenues:
Premiums
$
46,036
$
47,319
$
92,461
$
94,370
Contract charges
28,135
29,381
56,897
58,530
Reinsurance ceded
(14,090)
(14,342)
(27,699)
(26,860)
Total insurance revenues
60,081
62,358
121,659
126,040
Investment revenues:
Net investment income
46,861
48,391
95,651
99,118
Realized investment gains (losses)
(378)
724
957
1,527
Other revenues
2,649
1,734
5,216
4,268
Total revenues
109,213
113,207
223,483
230,953
Benefits and expenses
Policyholder benefits
43,711
45,490
89,435
95,958
Interest credited to policyholder account balances
22,698
23,038
45,908
47,347
Amortization of deferred acquisition costs
and value of business acquired
8,640
10,612
19,305
20,460
Operating expenses
22,508
23,872
46,286
49,611
Total benefits and expenses
97,557
103,012
200,934
213,376
Income before income tax expense
11,656
10,195
22,549
17,577
Income tax expense
3,231
2,673
6,164
4,460
Net income
$
8,425
$
7,522
$
16,385
$
13,117
Per common share:
Net income, basic and diluted
$
0.71
$
0.63
$
1.37
$
1.10
Cash dividends
$
0.27
$
0.27
$
0.54
$
0.54
See accompanying Notes to Consolidated Financial Statements.
Page 4 of  7
Consolidated
Statements of Cash Flows
(Unaudited)
(Thousands)
Six Months ended
June 30
2005
2004
Operating activities
Net cash provided
$
23,287
$
38,744
Investing activities
Purchases of investments:
Fixed maturity securities
(302,895)
(475,685)
Equity securities
(1,433)
(2,077)
Mortgage loans
(64,943)
(26,252)
Other investment assets
(390,668)
(404,831)
Sales of investments:
Fixed maturity securities
89,312
80,424
Equity securities
5,226
2,476
Other investment assets
442,439
446,341
Maturities and principal paydowns
of other investments
239,768
304,016
Net additions to property and
equipment
(433)
(712)
Net cash provided (used)
16,373
(76,300)
Financing activities
Proceeds from borrowings
22,264
1,306
Repayment of borrowings
(46,587)
(5,759)
Deposits on policyholder account
balances
126,008
139,090
Withdrawals from policyholder
account balances
(119,253)
(103,294)
Net transfers to separate accounts
318
(7,805)
Change in other deposits
(5,851)
2,093
Cash dividends to stockholders
(6,439)
(6,545)
Net disposition (acquisition) of
treasury stock
(1,230)
139
Net cash provided (used)
(30,770)
19,225
Increase (decrease) in cash
8,890
(18,331)
Cash at beginning of year
4,147
20,029
Cash at end of period
$
13,037
$
1,698
See accompanying Notes to Consolidated Financial Statements.
Page 5 of  7
Notes
•
Comprehensive income (loss) was $41,868 and $(48,998) for the second
quarter of 2005 and 2004; and $27,365 and $(17,501) for the six months
ended June 30, 2005 and 2004, respectively.  This varies from net
income largely due to unrealized gains or losses on  investments.
•
Income per common share is based upon the weighted average
number of shares outstanding for the six months, 11,925,998
shares (11,926,817 shares - 2004).
•
These financial statements are unaudited but, in management's opinion,
include all adjustments necessary for a fair presentation of the results.
•
Certain amounts in prior years have been reclassified to conform with
the current year presentation.
Page 6 of  7
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/William A. Schalekamp
William A. Schalekamp,
Senior Vice President,
General Counsel & Secretary
August 16, 2005
(Date)
Page 7 of  7