QUARTERLY STATEMENT National Life Insurance
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QUARTERLY STATEMENT OF THE National Life Insurance Company Of Montpelier in the state of VT to the Insurance Department of the State of For the Period Ended September 30, 2020 2020 LIFE AND ACCIDENT AND HEALTH COMPANIES/FRATERNAL BENEFIT SOCIETIES - ASSOCIATION EDITION *66680202020100103* QUARTERLY STATEMENT As of September 30, 2020 of the Condition and Affairs of the National Life Insurance Company NAIC Group Code.....634, 634 NAIC Company Code..... 66680 Employer's ID Number..... 03-0144090 (Current Period) (Prior Period) Organized under the Laws of VT State of Domicile or Port of Entry VT Country of Domicile US Licensed as Business Type: Life, Accident & Health Incorporated/Organized..... November 13, 1848 Commenced Business..... January 17, 1850 Statutory Home Office 1 National Life Drive .. Montpelier .. VT .. US .. 05604 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 1 National Life Drive .. Montpelier .. VT .. US .. 05604 802-229-3333 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address 1 National Life Drive .. Montpelier .. VT .. US .. 05604 (Street and Number or P. O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 1 National Life Drive .. Montpelier .. VT .. US .. 05604 802-229-3333 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address www.nationallife.com Statutory Statement Contact Jaime Lauren Steinhart 802-229-3770 (Name) (Area Code) (Telephone Number) (Extension) [email protected] 802-229-7282 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title 1. Mehran (nmn) Assadi Chairman, President & CEO 2. Sarah Jean VanBeck SVP, Chief Financial Officer & Treasurer 3. Lisa Francesca Muller # Senior Counsel & Secretary 4. Eric Gustave Sandberg SVP & Chief Risk Officer OTHER Robert Earl Cotton EVP & Chief Operating Officer Christopher Brett Zimmerman SVP & General Counsel Jason Joseph Doiron SVP & Chief Investment Officer William David Whitsell SVP & Executive Chief Underwriter Nimesh (nmn) Mehta SVP & Chief Information Officer Mark (nmn) Benjamin SVP & Chief People Officer Ataollah (nmn) Azarshahi SVP Achim Bernd Schwetlick SVP Matthew Charles Frazee SVP DIRECTORS OR TRUSTEES Mehran (nmn) Assadi Carol Ann Carlson David Rudolph Coates Bruce Michael Lisman Thomas Henry MacLeay Roger Blaine Porter Harris Henry Simmons James Holly Douglas Yvette Dapremont Bright State of........ Vermont County of..... Washington The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement. (Signature) (Signature) (Signature) Mehran (nmn) Assadi Sarah Jean VanBeck Lisa Francesca Muller 1. (Printed Name) 2. (Printed Name) 3. (Printed Name) Chairman, President & CEO SVP, Chief Financial Officer & Treasurer Senior Counsel & Secretary (Title) (Title) (Title) Subscribed and sworn to before me a. Is this an original filing? Yes [ X ] No [ ] This 3rd day of November 2020 b. If no: 1. State the amendment number 2. Date filed (Signature) My commission expires 01-31-2021 3. Number of pages attached Statement as of September 30, 2020 of the National Life Insurance Company ASSETS Current Statement Date 4 1 2 3 Net Admitted December 31 Nonadmitted Assets Prior Year Net Assets Assets (Cols. 1 - 2) Admitted Assets 1. Bonds....................................................................................................................................... .............5,555,793,115 ..................................0 .............5,555,793,115 .............5,548,288,834 2. Stocks: 2.1 Preferred stocks............................................................................................................. ....................2,337,125 ..................................0 ....................2,337,125 ..................11,000,000 2.2 Common stocks............................................................................................................. .............1,493,413,523 ..................................0 .............1,493,413,523 .............1,525,065,293 3. Mortgage loans on real estate: 3.1 First liens........................................................................................................................ ................430,332,693 ..................................0 ................430,332,693 ................494,201,960 3.2 Other than first liens....................................................................................................... ..................................0 ..................................0 ..................................0 ..................................0 4. Real estate: 4.1 Properties occupied by the company (less $............0 encumbrances).............................................................................................................. ..................51,853,998 ..................................0 ..................51,853,998 ..................53,803,949 4.2 Properties held for the production of income (less $............0 encumbrances).............................................................................................................. ..................................0 ..................................0 ..................................0 ..................................0 4.3 Properties held for sale (less $..........0 encumbrances)................................................. ....................1,380,000 ..................................0 ....................1,380,000 ..................................0 5. Cash ($.....54,749,868), cash equivalents ($.....173,200,000) and short-term investments ($..........0).................................................................................... ................227,949,868 ..................................0 ................227,949,868 ................214,674,720 6. Contract loans (including $..........0 premium notes)................................................................. ................475,229,987 ..................................0 ................475,229,987 ................509,027,095 7. Derivatives............................................................................................................................... ................150,186,278 ..................................0 ................150,186,278 ................115,367,648 8. Other invested assets.............................................................................................................. ................215,245,576 ..................................0 ................215,245,576 ................217,348,337 9. Receivables for securities........................................................................................................ .........................26,617 ..................................0 .........................26,617 ....................5,151,975 10. Securities lending reinvested collateral assets........................................................................ ..................................0 ..................................0 ..................................0 ..................................0 11. Aggregate write-ins for invested assets................................................................................... .........................43,643 ..................................0 .........................43,643 ..................................0 12. Subtotals, cash and invested assets (Lines 1 to 11)................................................................ .............8,603,792,424 ..................................0 .............8,603,792,424 .............8,693,929,811 13. Title plants less $..........0 charged off (for Title insurers only).................................................. ..................................0 ..................................0 ..................................0 ..................................0 14. Investment income due and accrued....................................................................................... ..................73,304,893 ..................................0 ..................73,304,893