Jackson Financial : Brooke Life Insurance Company 2024 annual statutory statement

Published: 2025-03-04 16:33:22 ET JXN

ANNUAL STATEMENT

OF THE

BROOKE LIFE INSURANCE COMPANY

TO THE

Insurance Department

OF THE

STATE OF

Michigan

FOR THE YEAR ENDED

DECEMBER 31, 2024

[ X ] LIFE, ACCIDENT AND HEALTH

[ ] FRATERNAL BENEFIT SOCIETIES

2024

.MI

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

ASSETS

Current Year

Prior Year

Net Admitted Assets

Net Admitted

Assets

Nonadmitted Assets

(Cols. 1 - 2)

Assets

Bonds (Schedule D)

................185,077,238

.................................0

................185,077,238

................212,910,736

Stocks (Schedule D):

2.1 Preferred stocks

2.2 Common stocks

5,102,964,896

4,652,621,647

3. Mortgage loans on real estate (Schedule B):

3.1 First liens

3.2 Other than first liens

Real estate (Schedule A):

4.1 Properties occupied by the company (less $

encumbrances)

4.2 Properties held for

the production of income (less

encumbrances)

4.3 Properties held for sale (less $

encumbrances)

.................................0

Cash ($

29,732

, Schedule E - Part 1), cash equivalents

................... 3,907,698 , Schedule E - Part 2) and short-term

investments ($

30,763 , Schedule DA)

3,968,193

1,243,962

Contract loans (including $

......premium notes)

.......................434,539

.................................0

.......................434,539

...................... 474,011

.............................................................................Derivatives (Schedule DB)

.................................0

............................................................Other invested assets (Schedule BA)

20,153,962

1,246,886

18,907,076

22,436,391

Receivables for securities

8,489

21,007

10.

Securities lending reinvested collateral assets (Schedule DL)

11.

.........................................................Aggregate write-ins for invested assets

.................................0

12.

.....................................Subtotals, cash and invested assets (Lines 1 to 11)

............ 5,312,607,317

...................1,246,886

............ 5,311,360,431

............ 4,889,707,754

13.

Title plants less $

0 charged off (for Title insurers

only)

14.

Investment income due and accrued

1,250,175

1,494,480

15.

Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of collection

................... 3,908,729

.................................0

................... 3,908,729

................... 4,036,453

15.2 Deferred premiums, agents' balances and installments booked but

deferred and not yet due (including $

earned but unbilled premiums)

46,368

71,080

.................................15.3 Accrued retrospective premiums ($

0 ) and

contracts subject to redetermination ($

0 )

.................................0

16. Reinsurance:

16.1 Amounts recoverable from reinsurers

67,577

16.2 Funds held by or deposited with reinsured companies

........................16.3 Other amounts receivable under reinsurance contracts

.................................0

17.

............................................Amounts receivable relating to uninsured plans

.................................0

18.1

....Current federal and foreign income tax recoverable and interest thereon

...................... 834,609

.................................0

...................... 834,609

.......................767,244

18.2

Net deferred tax asset

.................................0

19.

Guaranty funds receivable or on deposit

.................................0

20.

.....................................Electronic data processing equipment and software

.................................0

21.

Furniture and equipment, including health care delivery assets

0 )

.................................0

22.

Net adjustment in assets and liabilities due to foreign exchange rates

.................................0

23.

Receivables from parent, subsidiaries and affiliates

.................................0

24.

Health care ($

0 ) and other amounts receivable

.................................0

25.

.......................................Aggregate write-ins for other-than-invested assets

................... 2,063,819

.................................0

................... 2,063,819

...................1,648,288

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

............ 5,320,778,594

...................1,246,886

............ 5,319,531,708

............ 4,897,792,876

27.

From Separate Accounts, Segregated Accounts and Protected Cell

Accounts

.................................0

28.

Total (Lines 26 and 27)

5,320,778,594

1,246,886

5,319,531,708

4,897,792,876

DETAILS OF WRITE-INS

1101.

......................................................................................................................

....................................

1102.

......................................................................................................................

....................................

1103.

......................................................................................................................

....................................

1198.

...................Summary of remaining write-ins for Line 11 from overflow page

.................................0

1199.

Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)

2501.

Cash held by third party administrator

564,147

1,092,238

2502.

.................................................................................................Admitted Disallowed IMR

1,499,672

.................................0

................... 1,499,672

...................... 556,050

2503.

...........................................................................................................................................................

....................................

2598.

...................Summary of remaining write-ins for Line 25 from overflow page

.................................0

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

2,063,819

1,648,288

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

Current Year

Prior Year

Aggregate reserve for life contracts $

................194,302,917 (Exh. 5, Line 9999999) less $

included in Line 6.3 (including $

13,659,327 Modco Reserve)

..........................................................................

194,302,917

221,456,820

Aggregate reserve for accident and health contracts (including $

0 Modco Reserve)

Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $

...................1,254,698

Modco Reserve)

................... 2,724,883

3,093,613

4. Contract claims:

4.1

Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)

................... 7,253,838

12,512,808

4.2

Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)

.................................0

5. Policyholders' dividends/refunds to members $

0 and coupons $

0 due

and unpaid (Exhibit 4, Line 10)

.................................0

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

6.1

Policyholders' dividends and refunds to members apportioned for payment (including $

Modco)

.................................0

6.2

Policyholders' dividends and refunds to members not yet apportioned (including $

Modco) ....

..........................7,668

..........................8,602

6.3

Coupons and similar benefits (including $

Modco)

.................................0

.......................................................................Amount provisionally held for deferred dividend policies not included in Line 6

.................................0

Premiums and annuity considerations for life and accident and health contracts received in advance less

.................................0

.................................discount; including $

0 accident and health premiums (Exhibit 1,

Part 1, Col. 1, sum of lines 4 and 14)

..........................1,471

..........................1,265

Contract liabilities not included elsewhere:

9.1

............................................................................................................................Surrender values on canceled contracts

.................................0

9.2

Provision for experience rating refunds, including the liability of $

.................................0

accident and health

experience rating refunds of which $

is for medical loss ratio rebate per the Public Health

Service Act

.................................0

9.3 Other amounts payable on reinsurance, including $

51,829 assumed and $

ceded

........................ 51,829

........................ 10,409

........................................................................................................................9.4 Interest maintenance reserve (IMR, Line 6)

.................................0

10.

Commissions to agents due or accrued-life and annuity contracts $

.................................

accident and health

.................................0 and deposit-type contract funds $

.................................0

11.

Commissions and expense allowances payable on reinsurance assumed

.................................0

12.

..................................................................................................General expenses due or accrued (Exhibit 2, Line 12, Col. 7)

........................ 23,758

........................ 27,258

13.

Transfers to Separate Accounts due or accrued (net) (including $

.................................

accrued for expense

...........................................................................................allowances recognized in reserves, net of reinsured allowances)

.................................0

14.

Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)

.................................0

15.1

Current federal and foreign income taxes, including $

0 on realized capital gains (losses)

.................................0

15.2

.............................................................................................................................................................Net deferred tax liability

.................................0

16.

...................................................................................................................................................Unearned investment income

........................ 10,938

........................ 13,023

17.

........................................................................................Amounts withheld or retained by reporting entity as agent or trustee

........................ 43,049

........................ 30,516

18.

Amounts held for agents' account, including $

agents' credit balances

.................................0

19.

Remittances and items not allocated

............................. 168

...................... 185,099

20.

Net adjustment in assets and liabilities due to foreign exchange rates

.....................................................................................

.................................0

21.

.......................................................................................Liability for benefits for employees and agents if not included above

.................................0

22.

.................................Borrowed money $

and interest thereon $

.................................

............................................

23.

Dividends to stockholders declared and unpaid

24. Miscellaneous liabilities:

24.01

...............................................................................................................Asset valuation reserve (AVR, Line 16, Col. 7)

................... 2,358,812

................... 3,553,210

.................................24.02 Reinsurance in unauthorized and certified ($

0 ) companies

.................................0

24.03 Funds held under reinsurance treaties with unauthorized and certified ($

0 ) reinsurers

.................................0

24.04

Payable to parent, subsidiaries and affiliates

...................... 324,520

...................... 117,845

24.05

Drafts outstanding

.................................0

24.06

............................................................................................................Liability for amounts held under uninsured plans

.................................0

24.07

........................................................................................................................................Funds held under coinsurance

.................................0

24.08

Derivatives

.................................0

24.09

Payable for securities

.................................0

24.10

Payable for securities lending

.................................0

.................................24.11 Capital notes $

0 and interest thereon $

.................................

.................................0

25.

................................................................................................................................................Aggregate write-ins for liabilities

26,607,428

153,196

26.

.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)

233,711,279

241,163,664

27.

.........................................................................................................................................From Separate Accounts Statement

.................................0

28.

Total liabilities (Lines 26 and 27)

233,711,279

241,163,664

29.

...............................................................................................................................................................Common capital stock

................. 51,500,000

30.

...............................................................................................................................................................Preferred capital stock

.................................0

31.

Aggregate write-ins for other-than-special surplus funds

.................................0

32.

.............................................................................................................................................................................Surplus notes

............ 2,000,000,000

33.

Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)

...............................................

............ 1,241,188,014

............ 2,026,188,014

34.

............................................................................................................................Aggregate write-ins for special surplus funds

................... 1,499,672

...................... 556,050

35.

Unassigned funds (surplus)

1,791,632,743

578,385,148

36. Less treasury stock, at cost:

36.1

0 shares common (value included in Line 29

.................................0

)

.................................0

36.2

0 shares preferred (value included in Line 30

.................................0

)

.................................0

37.

Surplus (Total Lines 31+32+33+34+35-36) (including $

0 in Separate Accounts Statement)

5,034,320,429

4,605,129,212

38.

......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)

5,085,820,429

4,656,629,212

39.

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

5,319,531,708

4,897,792,876

DETAILS OF WRITE-INS

2501.

Interest payable on death claims

...................... 119,206

...................... 153,196

2502.

Interest payable on surplus note

................. 26,488,222

.................................0

2503

....................................

2598.

..............................................................................................Summary of remaining write-ins for Line 25 from overflow page

.................................0

2599.

Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)

26,607,428

153,196

3101

....................................

3102

....................................

3103

....................................

3198.

Summary of remaining write-ins for Line 31 from overflow page

.................................0

3199.

Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)

3401.

Admitted Disallowed IMR

1,499,672

...................... 556,050

3402

3403

3498.

Summary of remaining write-ins for Line 34 from overflow page

.................................0

3499.

Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

1,499,672

556,050

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

Current Year

Prior Year

Premiums and annuity considerations for life and accident and health contracts

................. 15,552,004

................. 17,413,243

Considerations for supplementary contracts with life contingencies

.................................0

Net investment income (Exhibit of Net Investment Income, Line 17)

................720,289,653

................393,784,790

Amortization of Interest Maintenance Reserve (IMR, Line 5)

.....................(372,575)

...................... 122,863

Separate Accounts net gain from operations excluding unrealized gains or losses

.................................0

Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)

........................ 69,137

........................ 76,956

Reserve adjustments on reinsurance ceded

.....................(558,534)

.....................(994,386)

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract guarantees from Separate

Accounts

.................................0

8.2 Charges and fees for deposit-type contracts

..........................4,487

........................ 35,233

8.3 Aggregate write-ins for miscellaneous income

1,724

2,732

Total (Lines 1 to 8.3)

734,985,896

410,441,431

10.

Death benefits

................. 16,631,216

................. 15,092,566

11.

Matured endowments (excluding guaranteed annual pure endowments)

.................................0

12.

Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)

................... 7,741,133

................... 9,245,575

13.

Disability benefits and benefits under accident and health contracts

.................................0

14.

Coupons, guaranteed annual pure endowments and similar benefits

.................................0

15.

Surrender benefits and withdrawals for life contracts

................. 23,472,156

................. 43,037,507

16.

Group conversions

.................................0

17.

Interest and adjustments on contract or deposit-type contract funds

........................ 33,069

.....................(205,613)

18.

Payments on supplementary contracts with life contingencies

.................................0

19.

Increase in aggregate reserves for life and accident and health contracts

(27,153,903)

(43,039,546)

20.

Totals (Lines 10 to 19)

20,723,671

................. 24,130,489

21.

Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part

2, Line 31, Col. 1)

........................ 18,766

........................ 21,118

22.

Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)

..........................1,281

..........................1,300

23.

General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Columns 1, 2, 3, 4 and 6)

...................... 661,208

...................... 610,117

24.

Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)

.......................... 3,343

..........................2,715

25.

Increase in loading on deferred and uncollected premiums

........................ (1,562)

............................(335)

26.

Net transfers to or (from) Separate Accounts net of reinsurance

.................................0

27.

Aggregate write-ins for deductions

28.

Totals (Lines 20 to 27)

21,406,707

24,765,404

29.

Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus

Line 28)

713,579,189

385,676,027

30.

Dividends to policyholders and refunds to members

7,328

8,828

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29

minus Line 30)

713,571,861

385,667,199

32.

Federal and foreign income taxes incurred (excluding tax on capital gains)

(108,655)

(5,862)

33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before

realized capital gains or (losses) (Line 31 minus Line 32)

713,680,516

385,673,061

34.

Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of

431,102 (excluding taxes of $

......................................(389,812) transferred to the IMR)

(431,102)

(496,011)

35.

Net income (Line 33 plus Line 34)

713,249,414

................385,177,050

CAPITAL AND SURPLUS ACCOUNT

36.

...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)

4,656,629,212

5,965,253,311

37.

Net income (Line 35)

713,249,414

................385,177,050

38.

..................Change in net unrealized capital gains (losses) less capital gains tax of $

(125,128)

................499,918,074

.......... (1,183,940,464)

39.

.................................................................................................Change in net unrealized foreign exchange capital gain (loss)

.................................0

40.

...........................................................................................................................................Change in net deferred income tax

.....................(125,128)

...................... 214,253

41.

Change in nonadmitted assets

...................... (45,540)

...................... (49,549)

42.

Change in liability for reinsurance in unauthorized and certified companies

.................................0

43.

................................................................Change in reserve on account of change in valuation basis (increase) or decrease

.................................0

44.

............................................................................................................................................Change in asset valuation reserve

................... 1,194,398

.......................(25,389)

45.

..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)

.................................0

46.

Surplus (contributed to) withdrawn from Separate Accounts during period

.................................0

47.

Other changes in surplus in Separate Accounts Statement

.................................0

48.

............................................................................................................................................................Change in surplus notes

.................................0

49.

Cumulative effect of changes in accounting principles

.................................0

50.

Capital changes:

50.1 Paid in

.................................0

50.2 Transferred from surplus (Stock Dividend)

.................................0

.......................................................................................................................................................50.3 Transferred to surplus

.................................0

51.

Surplus adjustment:

51.1 Paid in

..............(785,000,000)

..............(150,000,000)

51.2 Transferred to capital (Stock Dividend)

.................................0

51.3 Transferred from capital

.................................0

....................................................................................................................51.4 Change in surplus as a result of reinsurance

.................................0

52.

.........................................................................................................................................................Dividends to stockholders

.................................0

..............(360,000,000)

53.

Aggregate write-ins for gains and losses in surplus

54.

Net change in capital and surplus for the year (Lines 37 through 53)

429,191,217

(1,308,624,099)

55.

Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)

5,085,820,429

4,656,629,212

DETAILS OF WRITE-INS

1,724

.......................... 2,732

08.302.

....................................

08.303.

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

.............................................................................................

.................................0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398)(Line 8.3 above)

1,724

2,732

2701

....................................

2702

....................................

2703

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

.................................0

2799.

Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)

5301

....................................

5302

5303

5398.

Summary of remaining write-ins for Line 53 from overflow page

.................................0

5399.

Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

CASH FLOW

Cash from Operations

Current Year

Prior Year

.....................................................................................................................................Premiums collected net of reinsurance

................. 15,706,207

................. 18,386,037

..............................................................................................................................................................Net investment income

................747,016,187

................367,715,331

...............................................................................................................................................................Miscellaneous income

70,861

79,688

Total (Lines 1 through 3)

762,793,255

386,181,056

Benefit and loss related payments

................. 53,708,535

................. 70,115,383

.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts

.................................0

.....................................................................................Commissions, expenses paid and aggregate write-ins for deductions

...................... 684,598

...................... 648,955

.................................................................................................................................................Dividends paid to policyholders

..........................8,261

..........................8,945

.................................Federal and foreign income taxes paid (recovered) net of $

0 tax on capital gains (losses)

10.

Total (Lines 5 through 9)

54,401,394

70,773,283

11.

Net cash from operations (Line 4 minus Line 10)

708,391,861

315,407,773

Cash from Investments

12.

Proceeds from investments sold, matured or repaid:

12.1

Bonds

................. 27,339,782

................. 41,707,653

12.2

Stocks

............ 1,720,900,000

............... 150,000,000

12.3

Mortgage loans

.................................0

12.4

Real estate

.................................0

12.5

Other invested assets

................... 3,053,744

................... 3,641,748

12.6

Net gains or (losses) on cash, cash equivalents and short-term investments

..................................................................

.................................0

12.7

Miscellaneous proceeds

12,518

12.8 Total investment proceeds (Lines 12.1 to 12.7)

............ 1,751,306,044

................195,349,401

13.

Cost of investments acquired (long-term only):

13.1

Bonds

...................1,211,886

.................................0

13.2

Stocks

............ 1,670,900,000

.................................0

13.3

Mortgage loans

.................................0

13.4

Real estate

.................................0

13.5

Other invested assets

...................... 120,272

...................... 409,271

13.6

Miscellaneous applications

21,007

13.7

Total investments acquired (Lines 13.1 to 13.6)

1,672,232,158

430,278

14.

Net increase/(decrease) in contract loans and premium notes

(39,472)

(130,113)

15.

Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)

79,113,358

195,049,236

Cash from Financing and Miscellaneous Sources

16.

Cash provided (applied):

16.1

Surplus notes, capital notes

.................................0

................................................................................................................16.2 Capital and paid in surplus, less treasury stock

..............(785,000,000)

..............(150,000,000)

.................................................................................................................................................................16.3 Borrowed funds

.................................0

..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities

.....................(340,187)

.....................(349,038)

.................................................................................................................................................16.5 Dividends to stockholders

.................................0

................360,000,000

16.6 Other cash provided (applied)

559,199

9,068

17.

Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)

(784,780,988)

(510,339,970)

RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18.

........................................Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)

2,724,231

117,039

19.

Cash, cash equivalents and short-term investments:

...............................................................................................................................................................19.1 Beginning of year

................... 1,243,962

................... 1,126,923

19.2 End of year (Line 18 plus Line 19.1)

3,968,193

1,243,962

Note: Supplemental disclosures of cash flow information for non-cash transactions:

20.0001. Debt

& equity securities

acquired from exchange transactions

................... 1,322,238

.................................0

20.0002. Debt

& equity securities

disposed from exchange transactions

................. (1,322,238)

.................................0

....................................................................................................20.0003. Non-cashexchange of financial assets with subsidiary

................198,933,927

.................................0

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

Other Lines of

YRT Mortality

Total

Individual Life

Group Life

Individual Annuities

Group Annuities

Accident and Health

Fraternal

Business

Risk Only

Premiums and annuity considerations for life and accident and health contracts

.................. 15,552,004

.........................38,576

................................. 0

....................... 144,732

................................. 0

.................................

.................. 15,368,696

Considerations for supplementary contracts with life contingencies

................................. 0

...............XXX

................................. 0

...............XXX

.................................

...............XXX

Net investment income

.................720,289,653

.................. 42,365,721

................................. 0

.................671,076,986

................................. 0

.................................

.................... 6,846,946

Amortization of Interest Maintenance Reserve (IMR)

......................(372,575)

....................... (21,914)

................................. 0

(347,119)

.................................

(3,542)

Separate Accounts net gain from operations excluding unrealized gains or losses

................................. 0

...............XXX

.................................

................................. 0

Commissions and expense allowances on reinsurance ceded

......................... 69,137

................................. 0

...............XXX

.................................

................................. 0

Reserve adjustments on reinsurance ceded

......................(558,534)

................................. 0

...............XXX

.................................

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and

contract guarantees from Separate Accounts

................................. 0

...............XXX

.................................

8.2 Charges and fees for deposit-type contracts

.......................... 4,487

................................. 0

.......................... 4,487

................................. 0

...............XXX

.................................

................................. 0

8.3 Aggregate write-ins for miscellaneous income

1,724

101

1,607

Totals (Lines 1 to 8.3)

734,985,896

41,893,087

670,880,693

22,212,116

10.

Death benefits

...................16,631,216

....................... 263,139

................................. 0

...............XXX

.................................

.................. 16,368,077

11.

Matured endowments (excluding guaranteed annual pure endowments)

................................. 0

...............XXX

.................................

12.

Annuity benefits

.................... 7,741,133

...............XXX

.................... 7,741,133

................................. 0

...............XXX

.................................

...............XXX

13.

Disability benefits and benefits under accident and health contracts

................................. 0

...............XXX

.................................

................................. 0

14.

Coupons, guaranteed annual pure endowments and similar benefits

................................. 0

...............XXX

.................................

................................. 0

15.

Surrender benefits and withdrawals for life contracts

.................. 23,472,156

.........................50,376

................................. 0

23,421,780

...............XXX

.................................

16.

Group conversions

................................. 0

...............XXX

.................................

17.

Interest and adjustments on contract or deposit-type contract funds

.........................33,069

................................. 0

.........................33,069

................................. 0

...............XXX

.................................

................................. 0

18.

Payments on supplementary contracts with life contingencies

................................. 0

...............XXX

.................................

................................. 0

19.

Increase in aggregate reserves for life and accident and health contracts

(27,153,903)

(711,837)

(26,193,998)

XXX

(248,068)

20.

Totals (Lines 10 to 19)

.................. 20,723,671

......................(398,322)

................................. 0

.................... 5,001,984

................................. 0

...............XXX

.................................

...................16,120,009

21.

Commissions on premiums, annuity considerations and deposit-type contract funds

(direct business only)

.........................18,766

................................. 0

.........................18,766

................................. 0

.................................

...............XXX

22.

Commissions and expense allowances on reinsurance assumed

...........................1,281

................................. 0

...............XXX

.................................

................................. 0

23.

General insurance expenses and fraternal expenses

....................... 661,208

.........................38,891

................................. 0

616,032

.................................

6,285

24.

Insurance taxes, licenses and fees, excluding federal income taxes

...........................3,343

...........................2,014

................................. 0

1,297

.................................

25.

Increase in loading on deferred and uncollected premiums

.........................(1,562)

................................. 0

...............XXX

.................................

................................. 0

26.

Net transfers to or (from) Separate Accounts net of reinsurance

................................. 0

...............XXX

.................................

................................. 0

27.

Aggregate write-ins for deductions

28.

Totals (Lines 20 to 27)

21,406,707

(357,698)

5,638,079

16,126,326

29.

Net gain from operations before dividends to policyholders, refunds to members and

federal income taxes (Line 9 minus Line 28)

.................713,579,189

.................. 42,250,785

................................. 0

.................665,242,614

................................. 0

.................................

.................... 6,085,790

30.

Dividends to policyholders and refunds to members

7,328

XXX

31.

Net gain from operations after dividends to policyholders, refunds to members and

before federal income taxes (Line 29 minus Line 30)

.................713,571,861

.................. 42,243,457

................................. 0

.................665,242,614

................................. 0

.................................

.................... 6,085,790

32.

Federal income taxes incurred (excluding tax on capital gains)

(108,655)

(6,433)

(101,296)

(926)

33.

Net gain from operations after dividends to policyholders, refunds to members and

federal income taxes and before realized capital gains or (losses) (Line 31 minus

Line 32)

713,680,516

42,249,890

665,343,910

6,086,716

34.

Policies/certificates in force end of year

1,931

1,901

XXX

DETAILS OF WRITE-INS

..............................................................................................08.301. Miscellaneous income

...........................1,724

..............................101

................................. 0

...........................1,607

................................. 0

.................................

............................... 16

.08.302

................................................................................................................................

....................................

.08.303

................................................................................................................................

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

................................. 0

.................................

................................. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

1,724

101

1,607

2701

....................................

2702

....................................

2703

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

................................. 0

.................................

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

6.1

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

Universal Life

With Secondary

Variable

Credit Life

Other Individual

YRT Mortality

Total

Industrial Life

Whole Life

Term Life

Indexed Life

Universal Life

Guarantees

Variable Life

Universal Life

(c)

Life

Risk Only

Premiums for life contracts (a)

.............10,070,023

.................. 15,844

...................21,606

..........................0

....................1,126

..........................0

..........................

............ 10,031,447

Considerations for supplementary contracts with life contingencies

...........XXX

XXX

Net investment income

.............48,948,675

.............20,383,815

................. 487,206

..........................0

............ 21,494,700

..........................0

..........................

.............. 6,582,954

Amortization of Interest Maintenance Reserve (IMR)

.................(25,319)

..........................0

.................(10,544)

..................... (252)

..........................0

.................(11,118)

..........................0

..........................

.................. (3,405)

5. Separate Accounts net gain from operations excluding unrealized gains or

losses

Commissions and expense allowances on reinsurance ceded

.................. 69,137

..........................0

.................. 33,265

.......................795

..........................0

.................. 35,077

..........................0

Reserve adjustments on reinsurance ceded

(558,534)

(268,733)

(6,423)

(283,378)

8. Miscellaneous Income:

8.1 Income from fees associated with investment management,

administration and contract guarantees from Separate Accounts

..........................0

8.2 Charges and fees for deposit-type contracts

..........................0

8.3 Aggregate write-ins for miscellaneous income

117

Totals (Lines 1 to 8.3)

58,504,099

20,153,696

502,933

21,236,458

16,611,012

10.

Death benefits

.............11,271,028

.................175,636

.................. 24,907

..........................0

...................62,596

..........................0

.............11,007,889

11.

Matured endowments (excluding guaranteed annual pure endowments)

..........................0

12.

Annuity benefits

...........XXX

XXX

13.

...........Disability benefits and benefits under accident and health contracts

..........................0

14.

..........Coupons, guaranteed annual pure endowments and similar benefits

..........................0

15.

................................Surrender benefits and withdrawals for life contracts

.................. 50,376

...................46,208

....................1,553

..........................0

....................2,615

..........................0

16.

Group conversions

..........................0

17.

Interest and adjustments on contract or deposit-type contract funds

..........................0

18.

Payments on supplementary contracts with life contingencies

..........................0

19.

Increase in aggregate reserves for life and accident and health contracts ...

(954,472)

(290,350)

(28,541)

(392,946)

(242,635)

20.

Totals (Lines 10 to 19)

.............10,366,932

................. (68,506)

.................. (2,081)

..........................0

............... (327,735)

..........................0

.............10,765,254

21. Commissions on premiums, annuity considerations and deposit-type

contract funds (direct business only)

..........................

...........XXX

22.

Commissions and expense allowances on reinsurance assumed

1,281

523

.......................

757

23.

General insurance expenses

44,934

18,712

447

..................

19,732

6,043

24.

Insurance taxes, licenses and fees, excluding federal income taxes

969

....................

1,022

2,046

25.

Increase in loading on deferred and uncollected premiums

..........................0

.......................(96)

.................. (1,466)

..........................0

..........................

..........................0

.................. (1,562)

26.

Net transfers to or (from) Separate Accounts net of reinsurance

..........................

..........................0

27.

Aggregate write-insfor deductions

28.

Totals (Lines 20 to 27)

10,413,631

(48,398)

(3,076)

(306,224)

10,771,329

29.

Net gain from operations before dividends to policyholders, refunds to

members and federal income taxes (Line 9 minus Line 28)

.............48,090,468

.............20,202,094

................. 506,009

..........................0

.............

21,542,682

..........................0

.............. 5,839,683

30.

Dividends to policyholders and refunds to members

7,328

7,181

147

31.

Net gain from operations after dividends to policyholders, refunds to

members and before federal income taxes (Line 29 minus Line 30)

.............48,083,140

............ 20,194,913

................. 505,862

..........................0

.............

21,542,682

..........................0

.............. 5,839,683

32.

Federal income taxes incurred (excluding tax on capital gains)

(7,322)

(3,075)

(77)

(3,281)

(889)

33.

Net gain from operations after dividends to policyholders, refunds to

members and federal income taxes and before realized capital gains or

(losses) (Line 31 minus Line 32)

48,090,462

20,197,988

505,939

21,545,963

5,840,572

34.

Policies/certificates in force end of year

DETAILS OF WRITE-INS

08.301.

Miscellaneous income

.......................117

........................ 49

..........................1

..........................0

........................

..........................0

........................ 16

08.302.

.........................................................................................................

.............................

08.303.

.........................................................................................................

.............................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

..........................0

..........................

..........................0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

117

2701

.............................

2702

.............................

2703

.............................

2798.

Summary of remaining write-ins for Line 27 from overflow page

..........................0

..........................

..........................0

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

(a) Include premium amounts for preneed plans included in Line 1

(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.

......................................................................................................................................................................................

page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

Variable Universal

Credit Life

Other Group Life

YRT Mortality

Total

Whole Life

Term Life

Universal Life

Variable Life

Life

(d)

(a)

Risk Only

Premiums for life contracts (b)

...................5,337,249

............................... 0

...................5,337,249

Considerations for supplementary contracts with life contingencies

...............XXX

Net investment income

......................263,992

............................... 0

......................263,992

Amortization of Interest Maintenance Reserve (IMR)

...........................(137)

............................... 0

...........................(137)

Separate Accounts net gain from operations excluding unrealized gains or losses

............................... 0

Commissions and expense allowances on reinsurance ceded

............................... 0

Reserve adjustments on reinsurance ceded

............................... 0

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract

guarantees from Separate Accounts

............................... 0

8.2 Charges and fees for deposit-type contracts

............................... 0

8.3 Aggregate write-ins for miscellaneous income

Totals (Lines 1 to 8.3)

5,601,104

10.

Death benefits

.................. 5,360,188

............................... 0

.................. 5,360,188

11.

Matured endowments (excluding guaranteed annual pure endowments)

............................... 0

12.

Annuity benefits

...............XXX

13.

Disability benefits and benefits under accident and health contracts

............................... 0

14.

Coupons, guaranteed annual pure endowments and similar benefits

............................... 0

15.

Surrender benefits and withdrawals for life contracts

............................... 0

16.

Group conversions

............................... 0

17.

Interest and adjustments on contract or deposit-type contract funds

............................... 0

18.

Payments on supplementary contracts with life contingencies

............................... 0

19.

Increase in aggregate reserves for life and accident and health contracts

....................... (5,433)

............................... 0

....................... (5,433)

20.

Totals (Lines 10 to 19)

.................. 5,354,755

............................... 0

.................. 5,354,755

21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct

business only)

...............XXX

22.

Commissions and expense allowances on reinsurance assumed

............................... 0

23.

General insurance expenses

............................ 242

............................... 0

............................ 242

24.

Insurance taxes, licenses and fees, excluding federal income taxes

............................... 0

25.

Increase in loading on deferred and uncollected premiums

............................... 0

26.

Net transfers to or (from) Separate Accounts net of reinsurance

............................... 0

27.

Aggregate write-ins for deductions

28.

Totals (Lines 20 to 27)

5,354,997

29.

Net gain from operations before dividends to policyholders, refunds to members and federal

income taxes (Line 9 minus Line 28)

......................246,107

............................... 0

......................246,107

30.

Dividends to policyholders and refunds to members

31.

Net gain from operations after dividends to policyholders, refunds to members and before

federal income taxes (Line 29 minus Line 30)

......................246,107

............................... 0

......................246,107

32.

Federal income taxes incurred (excluding tax on capital gains)

(37)

33.

Net gain from operations after dividends to policyholders, refunds to members and federal

income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)

246,144

34.

Policies/certificates in force end of year

DETAILS OF WRITE-INS

.08.301

..........................................................................................................................................

...................................

.08.302

..........................................................................................................................................

...................................

.08.303

..........................................................................................................................................

...................................

.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page

............................... 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

2701

...................................

2702

...................................

2703

...................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

............................... 0

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

(a) Includes the following amounts for FEGLI/SGLI:

Line 1

0 , Line 10

0 , Line 16

0 , Line 23

0 , Line 24

(b) Include premium amounts for preneed plans included in Line 1

(c) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.

......................................................................................................................................................................................

(d) Individual and Group Credit Life are combined and included on

page. (Indicate whether included with Individual or Group.)

6.3

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE BROOKE LIFE INSURANCE COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)

Deferred

Life Contingent

Variable Annuities

Payout (Immediate

Total

Fixed Annuities

Indexed Annuities

with Guarantees

Without Guarantees

and Annuitizations)

Other Annuities

Premiums for individual annuity contracts

....................... 144,732

................................. 0

Considerations for supplementary contracts with life contingencies

................................. 0

...............XXX

................................. 0

...............XXX

Net investment income

.................671,076,986

.................651,047,570

................................. 0

...................20,029,416

................................. 0

Amortization of Interest Maintenance Reserve (IMR)

......................(347,119)

(336,759)

....................... (10,360)

Separate Accounts net gain from operations excluding unrealized gains or losses

................................. 0

Commissions and expense allowances on reinsurance ceded

................................. 0

Reserve adjustments on reinsurance ceded

................................. 0

Miscellaneous Income:

8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts

................................. 0

8.2 Charges and fees for deposit-type contracts

.......................... 4,487

................................. 0

8.3 Aggregate write-ins for miscellaneous income

1,607

1,559

Totals (Lines 1 to 8.3)

670,880,693

650,861,589

20,019,104

10.

Death benefits

................................. 0

11.

Matured endowments (excluding guaranteed annual pure endowments)

................................. 0

12.

Annuity benefits

.................... 7,741,133

.................... 7,510,086

................................. 0

....................... 231,047

................................. 0

13.

Disability benefits and benefits under accident and health contracts

................................. 0

14.

Coupons, guaranteed annual pure endowments and similar benefits

................................. 0

15.

Surrender benefits and withdrawals for life contracts

.................. 23,421,780

23,421,780

................................. 0

16.

Group conversions

................................. 0

17.

Interest and adjustments on contract or deposit-type contract funds

.........................33,069

................................. 0

18.

Payments on supplementary contracts with life contingencies

................................. 0

19.

Increase in aggregate reserves for life and accident and health contracts

(26,193,998)

(25,729,527)

(464,471)

20.

Totals (Lines 10 to 19)

.................... 5,001,984

....................5,235,408

................................. 0

......................(233,424)

................................. 0

21.

Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)

.........................18,766

................................. 0

22.

Commissions and expense allowances on reinsurance assumed

................................. 0

23.

General insurance expenses

....................... 616,032

597,645

.........................18,387

24.

Insurance taxes, licenses and fees, excluding federal income taxes

...........................1,297

1,258

............................... 39

25.

Increase in loading on deferred and uncollected premiums

................................. 0

26.

Net transfers to or (from) Separate Accounts net of reinsurance

................................. 0

27.

Aggregate write-ins for deductions

28.

Totals (Lines 20 to 27)

5,638,079

5,853,077

(214,998)

29.

Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)

.................665,242,614

.................645,008,512

................................. 0

.................. 20,234,102

................................. 0

30.

Dividends to policyholders and refunds to members

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .

.................665,242,614

.................645,008,512

................................. 0

.................. 20,234,102

................................. 0

32.

Federal income taxes incurred (excluding tax on capital gains)

(101,296)

(98,215)

(3,081)

33.

Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital

gains or (losses) (Line 31 minus Line 32)

665,343,910

645,106,727

20,237,183

34.

Policies/certificates in force end of year

1,901

1,857

DETAILS OF WRITE-INS

08.301. Miscellaneous income

...........................1,607

1,559

............................... 48

.08.302

....................................

.08.303

....................................

08.398. Summary of remaining write-ins for Line 8.3 from overflow page

................................. 0

08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)

1,607

1,559

2701

....................................

2702.

........................................................................................................................................................................................................... .................................... .................................... .................................... .................................... .................................... .................................... ....................................

2703.

....................................

2798.

Summary of remaining write-ins for Line 27 from overflow page

................................. 0

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected.

............................................................................................................................................................................

Disclaimer

Jackson Financial Inc. published this content on March 04, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 04, 2025 at 21:31:49.791.