Life Insurance Company of the Southwest

QUARTERLY STATEMENT OF THE Life Insurance Company of the Southwest Of Addison in the state of TX to the Insurance Department of the State of For the Period Ended March 31, 2020 2020 LIFE AND ACCIDENT AND HEALTH COMPANIES/FRATERNAL BENEFIT SOCIETIES - ASSOCIATION EDITION *65528202020100101* QUARTERLY STATEMENT As of March 31, 2020 of the Condition and Affairs of the Life Insurance Company of the Southwest NAIC Group Code.....634, 634 NAIC Company Code..... 65528 Employer's ID Number..... 75-0953004 (Current Period) (Prior Period) Organized under the Laws of TX State of Domicile or Port of Entry TX Country of Domicile US Licensed as Business Type: Life, Accident & Health Incorporated/Organized..... March 7, 1955 Commenced Business..... January 2, 1956 Statutory Home Office 15455 Dallas Parkway .. Addison .. TX .. US .. 75001 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 15455 Dallas Parkway .. Addison .. TX .. US .. 75001 214-638-7100 (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. Kerry Anne Jung VP, Assistant General Counsel & 4. Eric Gustave Sandberg SVP & Chief Risk Officer Secretary OTHER Robert Earl Cotton EVP & Chief Operating Officer William David Whitsell SVP & Executive Chief Underwriter Jason Joseph Doiron SVP & Chief Investment Officer Nimesh (nmn) Mehta SVP & Chief Information Officer Mark (nmn) Benjamin SVP & Chief People Officer Achim Bernd Schwetlick SVP Matthew Charles Frazee SVP Ataollah (nmn) Azarshahi SVP Christopher Brett Zimmerman SVP & General Counsel Michael Hudson Crawford VP & Chief Actuary & Appointed Actuary David Brian Soccodato VP & Controller & Tax Officer Barbara Bull Fitch VP & Chief Compliance Officer & AML Compliance Officer Ian Andrew McKenny VP & Assistant General Counsel Stephanie Lynn Burmester VP & Illustration Officer Rebecca Palmer # VP & Chief Information Security Elizabeth Hill MacGowan VP Officer Louis Don Puglisi VP Pamela Newcomb Blalock VP Eric (nmn) Lopez VP Joyce Bloom LaRosa VP DIRECTORS OR TRUSTEES Mehran (nmn) Assadi Elizabeth Hill MacGowan Angela Marie McCraw Robert Earl Cotton Stephanie Lynn Burmester # 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 Kerry Anne Jung 1. (Printed Name) 2. (Printed Name) 3. (Printed Name) Chairman, President & CEO SVP, Chief Financial Officer & Treasurer VP, Assistant General Counsel & Secretary (Title) (Title) (Title) Subscribed and sworn to before me a. Is this an original filing? Yes [ X ] No [ ] This 29th day of April 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 March 31, 2020 of the Life Insurance Company of the Southwest 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....................................................................................................................................... ...........16,522,186,739 ..................................0 ...........16,522,186,739 ...........16,378,437,444 2. Stocks: 2.1 Preferred stocks............................................................................................................. ....................7,050,000 ..................................0 ....................7,050,000 ..................11,700,000 2.2 Common stocks............................................................................................................. ..................93,077,468 ..................................0 ..................93,077,468 ..................93,503,365 3. Mortgage loans on real estate: 3.1 First liens........................................................................................................................ .............3,299,403,605 ..................................0 .............3,299,403,605 .............3,188,146,800 3.2 Other than first liens....................................................................................................... ..................36,664,424 ..................................0 ..................36,664,424 ..................36,752,472 4. Real estate: 4.1 Properties occupied by the company (less $............0 encumbrances).............................................................................................................. ..................................0 ..................................0 ..................................0 ..................................0 4.2 Properties held for the production of income (less $............0 encumbrances).............................................................................................................. ..................................0 ..................................0 ..................................0 ..................................0 4.3 Properties held for sale (less $..........0 encumbrances)................................................. ..................................0 ..................................0 ..................................0 ..................................0 5. Cash ($.....31,474,286), cash equivalents ($.....24,300,000) and short-term investments ($.....5,061,932)........................................................................... ..................60,836,218 ..................................0 ..................60,836,218 ....................4,765,940 6. Contract loans (including $..........0 premium notes)................................................................. ................470,148,698 ..................................0 ................470,148,698 ................450,620,695 7. Derivatives............................................................................................................................... ................313,300,415 ..................................0 ................313,300,415 .............1,293,665,284 8. Other invested assets.............................................................................................................. ................886,971,213 ..................................0 ................886,971,213 ................868,115,987 9. Receivables for securities........................................................................................................ ................115,998,822 ..................................0 ................115,998,822 ..................19,386,318 10. Securities lending reinvested collateral assets........................................................................ ..................................0 ..................................0 ..................................0 ..................................0 11. Aggregate write-ins for invested assets................................................................................... ..................................0 ..................................0 ..................................0 ..................................0 12. Subtotals, cash and invested assets (Lines 1 to 11)................................................................ ...........21,805,637,602 ..................................0 ...........21,805,637,602 ...........22,345,094,306 13. Title plants less $..........0 charged off (for Title insurers only).................................................

Load more