QUARTERLY STATEMENT OF THE THE PENN INSURANCE AND ANNUITY COMPANY Of Wilmington in the state of DE 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 *93262202020100101* QUARTERLY STATEMENT As of March 31, 2020 of the Condition and Affairs of the THE PENN INSURANCE AND ANNUITY COMPANY NAIC Group Code.....850, 850 NAIC Company Code..... 93262 Employer's ID Number..... 23-2142731 (Current Period) (Prior Period) Organized under the Laws of DE State of Domicile or Port of Entry DE Country of Domicile US Licensed as Business Type: Life, Accident & Health Incorporated/Organized..... July 3, 1980 Commenced Business..... April 9, 1981 Statutory Home Office 1209 Orange Street .. Wilmington .. DE .. US .. 19801 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 600 Dresher Road .. Horsham .. PA .. US .. 19044 215-956-8000 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address .. Philadelphia .. PA .. US .. 19172 (Street and Number or P. O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 600 Dresher Road .. Horsham .. PA .. US .. 19044 215-956-8000 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address www.pennmutual.com Statutory Statement Contact Bethanne Doyle Adamsky 215-956-8120 (Name) (Area Code) (Telephone Number) (Extension) [email protected] 215-956-8145 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title 1. Eileen Claire McDonnell Chairman & Chief Executive Officer 2. David Micheal Raszeja # Senior Vice President & Chief Financial Officer 3. Franklin Luther Best Jr. Secretary & Counsel 4. David Michael O'Malley President & Chief Operating Officer OTHER Bethanne Doyle Adamsky Controller & Treasurer Thomas Henry Harris Executive Vice President & Chief Distribution Officer Eric Christopher Johnson Vice President & Appointed Actuary Steven W Linville Vice President, Financial Management Victoria Marie Robinson Senior Vice President, Chief Ethics & Compliance Officer DIRECTORS OR TRUSTEES Susan Twine Deakins Gregory Joseph Driscoll Thomas Henry Harris Eileen Claire McDonnell David Michael O'Malley State of........ Pennsylvania County of..... Montgomery 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) Eileen Claire McDonnell David Micheal Raszeja Franklin Luther Best Jr. 1. (Printed Name) 2. (Printed Name) 3. (Printed Name) Chairman & Chief Executive Officer Senior Vice President & Chief Financial Officer Secretary & Counsel (Title) (Title) (Title) Subscribed and sworn to before me a. Is this an original filing? Yes [ X ] No [ ] This day of b. If no: 1. State the amendment number 2. Date filed 3. Number of pages attached Statement as of March 31, 2020 of the THE PENN INSURANCE AND ANNUITY 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....................................................................................................................................... .............4,786,030,107 ..................................... .............4,786,030,107 .............4,464,450,887 2. Stocks: 2.1 Preferred stocks............................................................................................................. ..................57,443,137 ..................................... ..................57,443,137 ..................46,890,337 2.2 Common stocks............................................................................................................. ................154,223,015 ..................................... ................154,223,015 ................131,508,965 3. Mortgage loans on real estate: 3.1 First liens........................................................................................................................ ..................................... ..................................... ..................................0 ..................................... 3.2 Other than first liens....................................................................................................... ..................................... ..................................... ..................................0 ..................................... 4. Real estate: 4.1 Properties occupied by the company (less $..........0 encumbrances).............................................................................................................. ..................................... ..................................... ..................................0 ..................................... 4.2 Properties held for the production of income (less $..........0 encumbrances).............................................................................................................. ..................................... ..................................... ..................................0 ..................................... 4.3 Properties held for sale (less $..........0 encumbrances)................................................. ..................................... ..................................... ..................................0 ..................................... 5. Cash ($.....1,869,476), cash equivalents ($.....179,953,828) and short-term investments ($..........0).................................................................................... ................181,823,303 ..................................... ................181,823,303 ................214,304,035 6. Contract loans (including $..........0 premium notes)................................................................. ................580,740,424 ..................................... ................580,740,424 ................568,740,113 7. Derivatives............................................................................................................................... ................185,786,848 ..................................... ................185,786,848 ................241,942,455 8. Other invested assets.............................................................................................................. ................342,587,318 .......................880,011 ................341,707,307 ................331,340,828 9. Receivables for securities........................................................................................................ ................124,855,362 ..................................... ................124,855,362 ..................11,536,650 10. Securities lending reinvested collateral assets........................................................................ ..................................... ..................................... ..................................0 ..................................... 11. Aggregate write-ins for invested assets................................................................................... ..................................0 ..................................0 ..................................0 ..................................0 12. Subtotals, cash and invested assets (Lines 1 to 11)................................................................ .............6,413,489,514 .......................880,011 .............6,412,609,503 .............6,010,714,270 13. Title plants less $..........0 charged off (for Title insurers only).................................................. ..................................... ..................................... ..................................0 ..................................... 14. Investment income due and accrued....................................................................................... ..................68,077,663 ..................................... ..................68,077,663 ..................70,228,587 15. Premiums and considerations: 15.1 Uncollected premiums